B. BOON: 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.
B. BOON
Largest movements
- Tangible fixed assets +€84,470
up €84,470 (+74.6%), from €113,179 to €197,649
of which Furniture and vehicles: +€84,794
- Receivables within one year +€70,685
up €70,685 (+19.1%), from €370,872 to €441,557
of which Other amounts receivable: +€65,893
- Debts after one year +€136,038
up €136,038 (+78.5%), from €173,222 to €309,260
- Profit (loss) carried forward +€11,552
up €11,552 (+13.9%), from -€83,326 to -€71,774
- Trade debts +€10,553
up €10,553 (+177%), from €5,952 to €16,505
- Accrued charges and deferred income +€8,731
up €8,731 (+12.1%), from €72,300 to €81,031
- Gross operating margin -€42,097
down €42,097 (-39.5%), from €106,639 to €64,543
- Depreciation +€10,976
up €10,976 (+37.5%), from €29,275 to €40,251
- Financial charges +€3,059
up €3,059 (+36.9%), from €8,296 to €11,355
- Other operating charges +€1,190
up €1,190 (+190%), from €626 to €1,817
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 | €506,013 | €668,337 | +€162,323 | +32.1% |
| Fixed assets | 21/28 | €113,889 | €198,359 | +€84,470 | +74.2% |
| Tangible fixed assets | 22/27 | €113,179 | €197,649 | +€84,470 | +74.6% |
| Plant, machinery and equipment | 23 | €813 | €489 | -€324 | -39.9% |
| Furniture and vehicles | 24 | €112,366 | €197,160 | +€84,794 | +75.5% |
| Financial fixed assets | 28 | €710 | €710 | = | 0.0% |
| Current assets | 29/58 | €392,124 | €469,978 | +€77,854 | +19.9% |
| Amounts receivable within one year | 40/41 | €370,872 | €441,557 | +€70,685 | +19.1% |
| Trade receivables | 40 | €30,903 | €35,695 | +€4,792 | +15.5% |
| Other amounts receivable | 41 | €339,970 | €405,862 | +€65,893 | +19.4% |
| Cash at bank and in hand | 54/58 | €15,834 | €21,216 | +€5,383 | +34.0% |
| Deferred charges and accrued income | 490/1 | €5,418 | €7,204 | +€1,786 | +33.0% |
| Total equity and liabilities | 10/49 | €506,013 | €668,337 | +€162,323 | +32.1% |
| Equity | 10/15 | €216,677 | €228,230 | +€11,552 | +5.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €4 | €4 | = | 0.0% |
| Tax-exempt reserves | 132 | €4 | €4 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,326 | -€71,774 | +€11,552 | +13.9% |
| Amounts payable | 17/49 | €289,336 | €440,107 | +€150,771 | +52.1% |
| Amounts payable after more than one year | 17 | €173,222 | €309,260 | +€136,038 | +78.5% |
| Financial debts | 170/4 | €173,222 | €309,260 | +€136,038 | +78.5% |
| Amounts payable within one year | 42/48 | €43,814 | €49,816 | +€6,002 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €26,547 | €26,975 | +€428 | +1.6% |
| Trade debts | 44 | €5,952 | €16,505 | +€10,553 | +177% |
| Suppliers | 440/4 | €5,952 | €16,505 | +€10,553 | +177% |
| Taxes, remuneration and social security | 45 | €10,358 | €5,378 | -€4,979 | -48.1% |
| Taxes | 450/3 | €10,358 | €5,378 | -€4,979 | -48.1% |
| Other amounts payable | 47/48 | €957 | €957 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €72,300 | €81,031 | +€8,731 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,275 | €40,251 | +€10,976 | +37.5% |
| Other operating charges | 640/8 | €626 | €1,817 | +€1,190 | +190% |
| Non-recurring operating charges | 66A | €14,557 | €0 | -€14,557 | -100% |
| Gross operating margin | 9900 | €106,639 | €64,543 | -€42,097 | -39.5% |
| Operating profit (loss) | 9901 | €62,181 | €22,475 | -€39,707 | -63.9% |
| Financial charges | 65/66B | €8,296 | €11,355 | +€3,059 | +36.9% |
| Recurring financial charges | 65 | €8,296 | €11,355 | +€3,059 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €53,885 | €11,119 | -€42,766 | -79.4% |
| Income taxes | 67/77 | €570 | -€433 | -€1,003 | |
| Profit (loss) for the period | 9904 | €53,316 | €11,552 | -€41,763 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,316 | €11,552 | -€41,763 | -78.3% |
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 18 October 2026 via checked.be.