BO CONSTRUCT: 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 CONSTRUCT
Largest movements
- Cash +€27,071
up €27,071 (+92.6%), from €29,229 to €56,300
mainly Net result for the year (+€13,121) and Depreciation (+€5,968)
- Tangible fixed assets -€5,968
down €5,968 (-86.8%), from €6,876 to €908
of which Furniture and vehicles: -€5,474
- Deferred charges and accrued income -€1,537
down €1,537 (-58.4%), from €2,629 to €1,093
- Receivables within one year -€1,018
down €1,018 (-31.3%), from €3,249 to €2,231
of which Other amounts receivable: -€1,749
- Profit (loss) carried forward +€13,121
up €13,121 (+73.8%), from €17,774 to €30,894
- Tax, wage and social debts +€4,521
up €4,521 (+1019.7%), from €443 to €4,964
- Trade debts +€1,414
up €1,414 (+36.4%), from €3,885 to €5,300
- Gross operating margin -€4,504
down €4,504 (-16.0%), from €28,202 to €23,698
- Taxes +€3,176
up €3,176 (+393.4%), from €807 to €3,984
- Depreciation -€1,211
down €1,211 (-16.9%), from €7,179 to €5,968
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 | €41,984 | €60,532 | +€18,548 | +44.2% |
| Fixed assets | 21/28 | €6,876 | €908 | -€5,968 | -86.8% |
| Tangible fixed assets | 22/27 | €6,876 | €908 | -€5,968 | -86.8% |
| Plant, machinery and equipment | 23 | €1,269 | €774 | -€494 | -39.0% |
| Furniture and vehicles | 24 | €5,607 | €133 | -€5,474 | -97.6% |
| Current assets | 29/58 | €35,108 | €59,624 | +€24,516 | +69.8% |
| Amounts receivable within one year | 40/41 | €3,249 | €2,231 | -€1,018 | -31.3% |
| Trade receivables | 40 | €1,500 | €2,231 | +€731 | +48.8% |
| Other amounts receivable | 41 | €1,749 | - | -€1,749 | |
| Cash at bank and in hand | 54/58 | €29,229 | €56,300 | +€27,071 | +92.6% |
| Deferred charges and accrued income | 490/1 | €2,629 | €1,093 | -€1,537 | -58.4% |
| Total equity and liabilities | 10/49 | €41,984 | €60,532 | +€18,548 | +44.2% |
| Equity | 10/15 | €34,144 | €47,264 | +€13,121 | +38.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €3,870 | €3,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,870 | €1,870 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,870 | €1,870 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,774 | €30,894 | +€13,121 | +73.8% |
| Amounts payable | 17/49 | €7,840 | €13,267 | +€5,427 | +69.2% |
| Amounts payable within one year | 42/48 | €7,840 | €13,267 | +€5,427 | +69.2% |
| Trade debts | 44 | €3,885 | €5,300 | +€1,414 | +36.4% |
| Suppliers | 440/4 | €3,885 | €5,300 | +€1,414 | +36.4% |
| Taxes, remuneration and social security | 45 | €443 | €4,964 | +€4,521 | +1019.7% |
| Taxes | 450/3 | €443 | €4,964 | +€4,521 | +1019.7% |
| Other amounts payable | 47/48 | €3,511 | €3,003 | -€508 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,179 | €5,968 | -€1,211 | -16.9% |
| Other operating charges | 640/8 | €448 | €461 | +€14 | +3.0% |
| Gross operating margin | 9900 | €28,202 | €23,698 | -€4,504 | -16.0% |
| Operating profit (loss) | 9901 | €20,575 | €17,268 | -€3,306 | -16.1% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.6% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.6% |
| Financial charges | 65/66B | €190 | €164 | -€26 | -13.7% |
| Recurring financial charges | 65 | €190 | €164 | -€26 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €20,390 | €17,104 | -€3,285 | -16.1% |
| Income taxes | 67/77 | €807 | €3,984 | +€3,176 | +393.4% |
| Profit (loss) for the period | 9904 | €19,582 | €13,121 | -€6,462 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,582 | €13,121 | -€6,462 | -33.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.