B.O. HOUSE: 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. HOUSE
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+160%), from €967,887 to €2.5m
of which Land and buildings: +€1.5m
- Receivables within one year +€121,580
up €121,580 (+50.2%), from €242,062 to €363,641
of which Other amounts receivable: +€158,729
- Deferred charges and accrued income +€63,699
new in 2025: €63,699
- Receivables after one year +€61,312
new in 2025: €61,312
- Cash -€41,887
down €41,887 (-92.5%), from €45,289 to €3,402
mainly Investment in fixed assets (net) (-€1.6m) and Receivables within one year (-€121,580)
- Revaluation surpluses +€1.2m
new in 2025: €1.2m
- Profit (loss) carried forward +€160,520
up €160,520 (+205%), from €78,226 to €238,746
- Other debts +€153,673
up €153,673 (+1,717%), from €8,950 to €162,622
- Reserves +€148,360
up €148,360 (+89.4%), from €166,025 to €314,385
of which Distributable reserves: +€109,000
- Debts after one year +€111,380
up €111,380 (+10.0%), from €1.1m to €1.2m
of which Financial debts: +€149,530
- Gross operating margin -€57,970
down €57,970 (-45.1%), from €128,625 to €70,655
- Depreciation -€40,837
down €40,837 (-62.1%), from €65,740 to €24,903
- Financial charges -€7,895
down €7,895 (-31.3%), from €25,210 to €17,316
- Other operating charges +€7,359
new in 2025: €7,359
- Financial income +€3,369
up €3,369 (+7,977%), from €42 to €3,411
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 | €1,609,077 | €3,368,247 | +€1.8m | +109% |
| Fixed assets | 21/28 | €1,318,197 | €2,872,662 | +€1.6m | +118% |
| Tangible fixed assets | 22/27 | €967,887 | €2,518,852 | +€1.6m | +160% |
| Land and buildings | 22 | €945,823 | €2,495,119 | +€1.5m | +164% |
| Plant, machinery and equipment | 23 | €3,855 | €2,704 | -€1,151 | -29.9% |
| Furniture and vehicles | 24 | €5,339 | €9,917 | +€4,578 | +85.7% |
| Leasing and similar rights | 25 | €12,869 | - | -€12,869 | |
| Other tangible fixed assets | 26 | - | €11,112 | +€11,112 | |
| Financial fixed assets | 28 | €350,310 | €353,810 | +€3,500 | +1.0% |
| Current assets | 29/58 | €290,880 | €495,585 | +€204,704 | +70.4% |
| Amounts receivable after more than one year | 29 | - | €61,312 | +€61,312 | |
| Other amounts receivable | 291 | - | €61,312 | +€61,312 | |
| Stocks and contracts in progress | 3 | €3,530 | €3,530 | = | 0.0% |
| Stocks | 30/36 | €3,530 | €3,530 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €242,062 | €363,641 | +€121,580 | +50.2% |
| Trade receivables | 40 | €195,871 | €158,722 | -€37,149 | -19.0% |
| Other amounts receivable | 41 | €46,191 | €204,919 | +€158,729 | +344% |
| Cash at bank and in hand | 54/58 | €45,289 | €3,402 | -€41,887 | -92.5% |
| Deferred charges and accrued income | 490/1 | - | €63,699 | +€63,699 | |
| Total equity and liabilities | 10/49 | €1,609,077 | €3,368,247 | +€1.8m | +109% |
| Equity | 10/15 | €262,843 | €1,769,573 | +€1.5m | +573% |
| Contributions | 10/11 | €18,592 | €37,192 | +€18,600 | +100% |
| Revaluation surpluses | 12 | - | €1,179,250 | +€1.2m | |
| Reserves | 13 | €166,025 | €314,385 | +€148,360 | +89.4% |
| Non-distributable reserves | 130/1 | €1,859 | €3,719 | +€1,860 | +100% |
| Reserves not available under the articles | 1311 | €1,859 | €3,719 | +€1,860 | +100% |
| Tax-exempt reserves | 132 | €160,266 | €197,766 | +€37,500 | +23.4% |
| Distributable reserves | 133 | €3,900 | €112,900 | +€109,000 | +2,795% |
| Profit (loss) carried forward | 14 | €78,226 | €238,746 | +€160,520 | +205% |
| Provisions and deferred taxes | 16 | €82,524 | €82,524 | = | 0.0% |
| Deferred taxes | 168 | €82,524 | €82,524 | = | 0.0% |
| Amounts payable | 17/49 | €1,263,710 | €1,516,150 | +€252,439 | +20.0% |
| Amounts payable after more than one year | 17 | €1,112,174 | €1,223,554 | +€111,380 | +10.0% |
| Financial debts | 170/4 | €528,162 | €677,691 | +€149,530 | +28.3% |
| Other amounts payable | 178/9 | €584,013 | €545,863 | -€38,150 | -6.5% |
| Amounts payable within one year | 42/48 | €151,536 | €292,596 | +€141,060 | +93.1% |
| Current portion of amounts payable after more than one year | 42 | €84,471 | €66,095 | -€18,376 | -21.8% |
| Financial debts | 43 | - | €3,842 | +€3,842 | |
| Credit institutions | 430/8 | - | €3,842 | +€3,842 | |
| Trade debts | 44 | €12,183 | €13,298 | +€1,115 | +9.2% |
| Suppliers | 440/4 | €12,183 | €13,298 | +€1,115 | +9.2% |
| Taxes, remuneration and social security | 45 | €45,933 | €46,739 | +€806 | +1.8% |
| Taxes | 450/3 | €34,136 | €34,942 | +€806 | +2.4% |
| Remuneration and social security | 454/9 | €11,797 | €11,797 | = | 0.0% |
| Other amounts payable | 47/48 | €8,950 | €162,622 | +€153,673 | +1,717% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,740 | €24,903 | -€40,837 | -62.1% |
| Other operating charges | 640/8 | - | €7,359 | +€7,359 | |
| Non-recurring operating charges | 66A | €34,465 | €11,021 | -€23,444 | -68.0% |
| Gross operating margin | 9900 | €128,625 | €70,655 | -€57,970 | -45.1% |
| Operating profit (loss) | 9901 | €28,420 | €27,372 | -€1,048 | -3.7% |
| Financial income | 75/76B | €42 | €3,411 | +€3,369 | +7,977% |
| Recurring financial income | 75 | €42 | €3,411 | +€3,369 | +7,977% |
| Financial charges | 65/66B | €25,210 | €17,316 | -€7,895 | -31.3% |
| Recurring financial charges | 65 | €25,210 | €17,316 | -€7,895 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €3,252 | €13,467 | +€10,215 | +314% |
| Profit (loss) for the period | 9904 | €3,252 | €13,467 | +€10,215 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €3,252 | €13,467 | +€10,215 | +314% |
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 21 October 2026 via checked.be.