ARNE BOSMAN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ARNE BOSMAN
Largest movements
- Cash -€36,061
down €36,061 (-44.6%), from €80,886 to €44,824
mainly Contributions, distributions and other (-€175,000) and Debts after one year (-€42,909)
- Tangible fixed assets -€29,608
down €29,608 (-6.7%), from €443,315 to €413,707
of which Furniture and vehicles: -€19,300
- Debts after one year -€42,909
down €42,909 (-12.5%), from €343,085 to €300,176
- Profit (loss) carried forward -€30,295
down €30,295 (-11.2%), from €269,525 to €239,230
- Other debts -€12,300
no longer reported in 2025 (was €12,300)
- Gross operating margin +€12,979
up €12,979 (+5.9%), from €221,314 to €234,293
- Taxes +€8,198
up €8,198 (+17.6%), from €46,540 to €54,738
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €728,793 | €652,661 | -€76,131 | -10.4% |
| Fixed assets | 21/28 | €543,315 | €513,707 | -€29,608 | -5.4% |
| Tangible fixed assets | 22/27 | €443,315 | €413,707 | -€29,608 | -6.7% |
| Land and buildings | 22 | €369,338 | €359,278 | -€10,060 | -2.7% |
| Plant, machinery and equipment | 23 | €320 | €73 | -€248 | -77.3% |
| Furniture and vehicles | 24 | €73,656 | €54,356 | -€19,300 | -26.2% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €185,478 | €138,954 | -€46,524 | -25.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,705 | €30,397 | -€6,308 | -17.2% |
| Other amounts receivable | 41 | €36,705 | €30,397 | -€6,308 | -17.2% |
| Cash at bank and in hand | 54/58 | €80,886 | €44,824 | -€36,061 | -44.6% |
| Deferred charges and accrued income | 490/1 | €17,888 | €13,733 | -€4,154 | -23.2% |
| Total equity and liabilities | 10/49 | €728,793 | €652,661 | -€76,131 | -10.4% |
| Equity | 10/15 | €313,625 | €283,330 | -€30,295 | -9.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €42,100 | €42,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,525 | €239,230 | -€30,295 | -11.2% |
| Amounts payable | 17/49 | €415,168 | €369,331 | -€45,837 | -11.0% |
| Amounts payable after more than one year | 17 | €343,085 | €300,176 | -€42,909 | -12.5% |
| Financial debts | 170/4 | €343,085 | €300,176 | -€42,909 | -12.5% |
| Amounts payable within one year | 42/48 | €72,083 | €69,155 | -€2,928 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €41,919 | €42,909 | +€990 | +2.4% |
| Trade debts | 44 | €2,797 | €4,405 | +€1,607 | +57.5% |
| Suppliers | 440/4 | €2,797 | €4,405 | +€1,607 | +57.5% |
| Taxes, remuneration and social security | 45 | €15,066 | €21,841 | +€6,775 | +45.0% |
| Taxes | 450/3 | €15,066 | €21,841 | +€6,775 | +45.0% |
| Other amounts payable | 47/48 | €12,300 | - | -€12,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,798 | €29,608 | -€190 | -0.6% |
| Other operating charges | 640/8 | €1,547 | €1,702 | +€155 | +10.0% |
| Gross operating margin | 9900 | €221,314 | €234,293 | +€12,979 | +5.9% |
| Operating profit (loss) | 9901 | €189,969 | €202,983 | +€13,014 | +6.9% |
| Financial income | 75/76B | €2,389 | €3,138 | +€749 | +31.4% |
| Recurring financial income | 75 | €2,389 | €3,138 | +€749 | +31.4% |
| Financial charges | 65/66B | €7,122 | €6,677 | -€445 | -6.2% |
| Recurring financial charges | 65 | €7,122 | €6,677 | -€445 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €185,235 | €199,444 | +€14,208 | +7.7% |
| Income taxes | 67/77 | €46,540 | €54,738 | +€8,198 | +17.6% |
| Profit (loss) for the period | 9904 | €138,696 | €144,705 | +€6,010 | +4.3% |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,596 | €144,705 | +€48,110 | +49.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.