B.O.C.: 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.O.C.
Largest movements
- Current investments -€27,114
down €27,114 (-20.1%), from €134,806 to €107,692
- Cash +€25,041
up €25,041 (+36.3%), from €68,979 to €94,020
mainly Net result for the year (+€38,493) and Current investments (+€27,114)
- Receivables within one year +€18,145
up €18,145 (+83.4%), from €21,758 to €39,903
of which Trade receivables: +€17,894
- Tangible fixed assets -€10,058
down €10,058 (-20.2%), from €49,704 to €39,645
of which Land and buildings: -€9,418
- Reserves +€21,254
up €21,254 (+11.7%), from €181,948 to €203,201
- Debts after one year -€11,077
down €11,077 (-22.0%), from €50,240 to €39,163
- Other operating charges -€8,394
down €8,394 (-70.9%), from €11,840 to €3,445
- Financial charges +€6,025
up €6,025 (+465%), from €1,297 to €7,323
- Depreciation -€2,948
down €2,948 (-22.7%), from €13,007 to €10,058
- Financial income -€2,617
down €2,617 (-22.7%), from €11,506 to €8,889
- Gross operating margin -€1,974
down €1,974 (-2.9%), from €67,907 to €65,933
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 | €279,011 | €285,074 | +€6,064 | +2.2% |
| Fixed assets | 21/28 | €49,704 | €39,645 | -€10,058 | -20.2% |
| Tangible fixed assets | 22/27 | €49,704 | €39,645 | -€10,058 | -20.2% |
| Land and buildings | 22 | €48,504 | €39,085 | -€9,418 | -19.4% |
| Plant, machinery and equipment | 23 | €343 | €0 | -€343 | -100% |
| Furniture and vehicles | 24 | €858 | €560 | -€298 | -34.7% |
| Current assets | 29/58 | €229,307 | €245,429 | +€16,122 | +7.0% |
| Amounts receivable within one year | 40/41 | €21,758 | €39,903 | +€18,145 | +83.4% |
| Trade receivables | 40 | €21,758 | €39,652 | +€17,894 | +82.2% |
| Other amounts receivable | 41 | €0 | €251 | +€251 | |
| Current investments | 50/53 | €134,806 | €107,692 | -€27,114 | -20.1% |
| Cash at bank and in hand | 54/58 | €68,979 | €94,020 | +€25,041 | +36.3% |
| Deferred charges and accrued income | 490/1 | €3,764 | €3,814 | +€50 | +1.3% |
| Total equity and liabilities | 10/49 | €279,011 | €285,074 | +€6,064 | +2.2% |
| Equity | 10/15 | €191,148 | €212,401 | +€21,254 | +11.1% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €181,948 | €203,201 | +€21,254 | +11.7% |
| Distributable reserves | 133 | €181,948 | €203,201 | +€21,254 | +11.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,863 | €72,673 | -€15,190 | -17.3% |
| Amounts payable after more than one year | 17 | €50,240 | €39,163 | -€11,077 | -22.0% |
| Financial debts | 170/4 | €50,240 | €39,163 | -€11,077 | -22.0% |
| Amounts payable within one year | 42/48 | €37,623 | €33,424 | -€4,199 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €8,095 | €8,412 | +€317 | +3.9% |
| Trade debts | 44 | €8,699 | €5,887 | -€2,812 | -32.3% |
| Suppliers | 440/4 | €8,699 | €5,887 | -€2,812 | -32.3% |
| Taxes, remuneration and social security | 45 | €20,829 | €19,125 | -€1,705 | -8.2% |
| Taxes | 450/3 | €19,049 | €17,345 | -€1,705 | -8.9% |
| Remuneration and social security | 454/9 | €1,780 | €1,780 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €86 | +€86 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,007 | €10,058 | -€2,948 | -22.7% |
| Other operating charges | 640/8 | €11,840 | €3,445 | -€8,394 | -70.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €67,907 | €65,933 | -€1,974 | -2.9% |
| Operating profit (loss) | 9901 | €43,061 | €52,429 | +€9,369 | +21.8% |
| Financial income | 75/76B | €11,506 | €8,889 | -€2,617 | -22.7% |
| Recurring financial income | 75 | €11,506 | €8,889 | -€2,617 | -22.7% |
| Financial charges | 65/66B | €1,297 | €7,323 | +€6,025 | +465% |
| Recurring financial charges | 65 | €1,297 | €7,323 | +€6,025 | +465% |
| Profit (loss) for the period before taxes | 9903 | €53,269 | €53,995 | +€726 | +1.4% |
| Income taxes | 67/77 | €16,929 | €15,503 | -€1,426 | -8.4% |
| Profit (loss) for the period | 9904 | €36,340 | €38,493 | +€2,152 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,340 | €38,493 | +€2,152 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.