BO Concepts: 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.
BO Concepts
Largest movements
- Receivables within one year -€37,460
down €37,460 (-48.1%), from €77,810 to €40,350
of which Trade receivables: -€33,245
- Deferred charges and accrued income -€15,781
down €15,781 (-70.3%), from €22,445 to €6,664
- Tangible fixed assets -€8,284
down €8,284 (-9.8%), from €84,889 to €76,604
of which Land and buildings: -€6,841
- Profit (loss) carried forward -€48,535
down €48,535 (-347%), from -€13,971 to -€62,506
- Debts after one year -€8,631
down €8,631 (-15.9%), from €54,368 to €45,736
- Other debts +€6,837
up €6,837 (+75.5%), from €9,053 to €15,890
- Tax, wage and social debts -€5,776
down €5,776 (-74.7%), from €7,727 to €1,951
- Trade debts -€2,987
down €2,987 (-4.2%), from €70,802 to €67,815
- Gross operating margin -€52,603
down €52,603, from €22,983 to -€29,620
- Financial income +€14,319
up €14,319 (+5,024%), from €285 to €14,604
of which Non-recurring financial income: +€14,305
- Financial charges +€9,835
up €9,835 (+341%), from €2,882 to €12,718
of which Non-recurring financial charges: +€8,659
- Write-downs +€4,495
up €4,495 (+88.1%), from €5,103 to €9,598
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 | €185,239 | €123,714 | -€61,525 | -33.2% |
| Fixed assets | 21/28 | €84,984 | €76,700 | -€8,284 | -9.7% |
| Tangible fixed assets | 22/27 | €84,889 | €76,604 | -€8,284 | -9.8% |
| Land and buildings | 22 | €78,555 | €71,714 | -€6,841 | -8.7% |
| Plant, machinery and equipment | 23 | €1,875 | €2,840 | +€965 | +51.5% |
| Furniture and vehicles | 24 | €3,324 | €1,881 | -€1,442 | -43.4% |
| Other tangible fixed assets | 26 | €1,135 | €169 | -€966 | -85.1% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €100,255 | €47,014 | -€53,241 | -53.1% |
| Amounts receivable within one year | 40/41 | €77,810 | €40,350 | -€37,460 | -48.1% |
| Trade receivables | 40 | €73,595 | €40,350 | -€33,245 | -45.2% |
| Other amounts receivable | 41 | €4,215 | €0 | -€4,215 | -100% |
| Cash at bank and in hand | 54/58 | - | €0 | +€0 | |
| Deferred charges and accrued income | 490/1 | €22,445 | €6,664 | -€15,781 | -70.3% |
| Total equity and liabilities | 10/49 | €185,239 | €123,714 | -€61,525 | -33.2% |
| Equity | 10/15 | €19,292 | -€29,516 | -€48,808 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,018 | €24,018 | = | 0.0% |
| Distributable reserves | 133 | €24,018 | €24,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,971 | -€62,506 | -€48,535 | -347% |
| Investment grants | 15 | €3,045 | €2,771 | -€274 | -9.0% |
| Amounts payable | 17/49 | €165,947 | €153,230 | -€12,717 | -7.7% |
| Amounts payable after more than one year | 17 | €54,368 | €45,736 | -€8,631 | -15.9% |
| Financial debts | 170/4 | €54,368 | €45,736 | -€8,631 | -15.9% |
| Amounts payable within one year | 42/48 | €111,579 | €107,494 | -€4,086 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €8,467 | €8,631 | +€165 | +1.9% |
| Financial debts | 43 | €15,531 | €13,206 | -€2,324 | -15.0% |
| Credit institutions | 430/8 | €15,531 | €13,206 | -€2,324 | -15.0% |
| Trade debts | 44 | €70,802 | €67,815 | -€2,987 | -4.2% |
| Suppliers | 440/4 | €70,802 | €67,815 | -€2,987 | -4.2% |
| Taxes, remuneration and social security | 45 | €7,727 | €1,951 | -€5,776 | -74.7% |
| Taxes | 450/3 | €7,727 | €1,951 | -€5,776 | -74.7% |
| Other amounts payable | 47/48 | €9,053 | €15,890 | +€6,837 | +75.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,849 | €8,996 | +€147 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,103 | €9,598 | +€4,495 | +88.1% |
| Other operating charges | 640/8 | €2,261 | €2,086 | -€175 | -7.7% |
| Gross operating margin | 9900 | €22,983 | -€29,620 | -€52,603 | |
| Operating profit (loss) | 9901 | €6,771 | -€50,300 | -€57,070 | |
| Financial income | 75/76B | €285 | €14,604 | +€14,319 | +5,024% |
| Recurring financial income | 75 | €285 | €299 | +€14 | +5.0% |
| Non-recurring financial income | 76B | - | €14,305 | +€14,305 | |
| Financial charges | 65/66B | €2,882 | €12,718 | +€9,835 | +341% |
| Recurring financial charges | 65 | €2,882 | €4,059 | +€1,177 | +40.8% |
| Non-recurring financial charges | 66B | - | €8,659 | +€8,659 | |
| Profit (loss) for the period before taxes | 9903 | €4,173 | -€48,413 | -€52,587 | |
| Income taxes | 67/77 | €106 | €122 | +€16 | +15.1% |
| Profit (loss) for the period | 9904 | €4,068 | -€48,535 | -€52,603 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,068 | -€48,535 | -€52,603 |
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 19 October 2026 via checked.be.