B.O.Y.: 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.Y.
Largest movements
- Receivables within one year +€69,576
up €69,576 (+19.9%), from €349,117 to €418,693
of which Other amounts receivable: +€42,213
- Cash -€45,200
down €45,200 (-27.8%), from €162,788 to €117,588
mainly Net result for the year (-€140,909) and Receivables within one year (-€69,576)
- Trade debts +€165,767
up €165,767 (+21.2%), from €780,906 to €946,673
- Profit (loss) carried forward -€140,909
down €140,909 (-50.8%), from -€277,128 to -€418,037
- Gross operating margin -€46,480
down €46,480 (-65.4%), from -€71,065 to -€117,545
- Financial income -€9,742
down €9,742 (-90.8%), from €10,733 to €991
- Staff costs -€5,328
down €5,328 (-41.9%), from €12,706 to €7,379
- Financial charges -€1,863
down €1,863 (-17.9%), from €10,390 to €8,527
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.
Cash bridge derived
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 | €517,784 | €540,223 | +€22,438 | +4.3% |
| Fixed assets | 21/28 | €5,880 | €3,942 | -€1,938 | -33.0% |
| Tangible fixed assets | 22/27 | €5,334 | €3,396 | -€1,938 | -36.3% |
| Plant, machinery and equipment | 23 | €3,128 | €2,268 | -€859 | -27.5% |
| Furniture and vehicles | 24 | €2,207 | €1,128 | -€1,079 | -48.9% |
| Financial fixed assets | 28 | €546 | €546 | = | 0.0% |
| Current assets | 29/58 | €511,905 | €536,281 | +€24,376 | +4.8% |
| Amounts receivable within one year | 40/41 | €349,117 | €418,693 | +€69,576 | +19.9% |
| Trade receivables | 40 | €156,038 | €183,402 | +€27,363 | +17.5% |
| Other amounts receivable | 41 | €193,078 | €235,291 | +€42,213 | +21.9% |
| Cash at bank and in hand | 54/58 | €162,788 | €117,588 | -€45,200 | -27.8% |
| Total equity and liabilities | 10/49 | €517,784 | €540,223 | +€22,438 | +4.3% |
| Equity | 10/15 | -€269,111 | -€410,020 | -€140,909 | -52.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,817 | €1,817 | = | 0.0% |
| Distributable reserves | 133 | €1,817 | €1,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€277,128 | -€418,037 | -€140,909 | -50.8% |
| Amounts payable | 17/49 | €786,895 | €950,243 | +€163,348 | +20.8% |
| Amounts payable within one year | 42/48 | €786,895 | €950,243 | +€163,348 | +20.8% |
| Financial debts | 43 | €754 | €0 | -€754 | -100.0% |
| Credit institutions | 430/8 | €754 | €0 | -€754 | -100.0% |
| Trade debts | 44 | €780,906 | €946,673 | +€165,767 | +21.2% |
| Suppliers | 440/4 | €780,906 | €946,673 | +€165,767 | +21.2% |
| Taxes, remuneration and social security | 45 | €5,235 | €3,570 | -€1,665 | -31.8% |
| Taxes | 450/3 | €3,552 | €3,570 | +€18 | +0.5% |
| Remuneration and social security | 454/9 | €1,683 | €0 | -€1,683 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €12,706 | €7,379 | -€5,328 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,530 | €1,938 | -€593 | -23.4% |
| Other operating charges | 640/8 | €5,271 | €5,471 | +€201 | +3.8% |
| Gross operating margin | 9900 | -€71,065 | -€117,545 | -€46,480 | -65.4% |
| Operating profit (loss) | 9901 | -€91,572 | -€132,333 | -€40,760 | -44.5% |
| Financial income | 75/76B | €10,733 | €991 | -€9,742 | -90.8% |
| Recurring financial income | 75 | €10,733 | €991 | -€9,742 | -90.8% |
| Financial charges | 65/66B | €10,390 | €8,527 | -€1,863 | -17.9% |
| Recurring financial charges | 65 | €10,390 | €8,527 | -€1,863 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€91,229 | -€139,868 | -€48,639 | -53.3% |
| Income taxes | 67/77 | €1,054 | €1,041 | -€13 | -1.3% |
| Profit (loss) for the period | 9904 | -€92,283 | -€140,909 | -€48,626 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,283 | -€140,909 | -€48,626 | -52.7% |
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 10 October 2026 via checked.be.