BO & CO: what changed
Two fiscal 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.
BO & CO
Largest movements
- Stocks and contracts -€5,058
down €5,058 (-4.4%), from €114,915 to €109,857
- Receivables within one year +€1,698
up €1,698 (+122.0%), from €1,391 to €3,089
of which Trade receivables: +€1,698
- Tangible fixed assets -€1,675
down €1,675 (-23.4%), from €7,148 to €5,472
- Reserves -€12,253
down €12,253 (-21.7%), from €56,449 to €44,196
- Tax, wage and social debts +€6,524
up €6,524 (+79.1%), from €8,251 to €14,776
of which Remuneration and social security: +€6,407
- Other debts +€1,750
up €1,750 (+2.3%), from €77,207 to €78,957
- Gross operating margin -€3,976
down €3,976 (-79.2%), from -€5,023 to -€8,999
- Financial income -€652
down €652 (-59.9%), from €1,088 to €436
of which Non-recurring financial income: -€620
- Financial charges -€394
down €394 (-20.1%), from €1,964 to €1,570
- Other operating charges -€341
down €341 (-61.1%), from €558 to €217
- Depreciation -€175
down €175 (-9.5%), from €1,850 to €1,675
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 | €150,796 | €147,847 | -€2,949 | -2.0% |
| Fixed assets | 21/28 | €7,422 | €5,747 | -€1,675 | -22.6% |
| Tangible fixed assets | 22/27 | €7,148 | €5,472 | -€1,675 | -23.4% |
| Land and buildings | 22 | €4,775 | €4,071 | -€705 | -14.8% |
| Plant, machinery and equipment | 23 | €899 | €195 | -€705 | -78.3% |
| Furniture and vehicles | 24 | €1,473 | €1,207 | -€266 | -18.1% |
| Financial fixed assets | 28 | €274 | €274 | = | 0.0% |
| Current assets | 29/58 | €143,375 | €142,101 | -€1,274 | -0.9% |
| Stocks and contracts in progress | 3 | €114,915 | €109,857 | -€5,058 | -4.4% |
| Stocks | 30/36 | €114,915 | €109,857 | -€5,058 | -4.4% |
| Amounts receivable within one year | 40/41 | €1,391 | €3,089 | +€1,698 | +122.0% |
| Trade receivables | 40 | €1,272 | €2,970 | +€1,698 | +133.4% |
| Other amounts receivable | 41 | €119 | €119 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,229 | €26,693 | +€1,465 | +5.8% |
| Deferred charges and accrued income | 490/1 | €1,839 | €2,462 | +€622 | +33.8% |
| Total equity and liabilities | 10/49 | €150,796 | €147,847 | -€2,949 | -2.0% |
| Equity | 10/15 | €65,133 | €52,880 | -€12,253 | -18.8% |
| Contributions | 10/11 | €8,684 | €8,684 | = | 0.0% |
| Reserves | 13 | €56,449 | €44,196 | -€12,253 | -21.7% |
| Distributable reserves | 133 | €56,449 | €44,196 | -€12,253 | -21.7% |
| Amounts payable | 17/49 | €85,663 | €94,968 | +€9,304 | +10.9% |
| Amounts payable within one year | 42/48 | €85,663 | €94,968 | +€9,304 | +10.9% |
| Trade debts | 44 | €205 | €1,235 | +€1,030 | +502.7% |
| Suppliers | 440/4 | €205 | €1,235 | +€1,030 | +502.7% |
| Taxes, remuneration and social security | 45 | €8,251 | €14,776 | +€6,524 | +79.1% |
| Taxes | 450/3 | €4,635 | €4,753 | +€117 | +2.5% |
| Remuneration and social security | 454/9 | €3,616 | €10,023 | +€6,407 | +177.2% |
| Other amounts payable | 47/48 | €77,207 | €78,957 | +€1,750 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,850 | €1,675 | -€175 | -9.5% |
| Other operating charges | 640/8 | €558 | €217 | -€341 | -61.1% |
| Gross operating margin | 9900 | -€5,023 | -€8,999 | -€3,976 | -79.2% |
| Operating profit (loss) | 9901 | -€7,432 | -€10,891 | -€3,460 | -46.6% |
| Financial income | 75/76B | €1,088 | €436 | -€652 | -59.9% |
| Recurring financial income | 75 | €468 | €436 | -€32 | -6.8% |
| Non-recurring financial income | 76B | €620 | - | -€620 | |
| Financial charges | 65/66B | €1,964 | €1,570 | -€394 | -20.1% |
| Recurring financial charges | 65 | €1,964 | €1,570 | -€394 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,308 | -€12,025 | -€3,717 | -44.7% |
| Income taxes | 67/77 | €240 | €228 | -€12 | -5.0% |
| Profit (loss) for the period | 9904 | -€8,548 | -€12,253 | -€3,705 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,548 | -€12,253 | -€3,705 | -43.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.