Bo DIV': 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 DIV'
Largest movements
- Financial fixed assets +€700,000
up €700,000 (+70000.0%), from €1,000 to €701,000
- Cash -€58,717
down €58,717 (-81.9%), from €71,730 to €13,013
mainly Investment in fixed assets (net) (-€706,214) and Tax, wage and social debts (-€10,262)
- Tangible fixed assets -€12,631
down €12,631 (-18.8%), from €67,289 to €54,658
of which Furniture and vehicles: -€11,676
- Debts after one year +€442,250
up €442,250 (+1215.1%), from €36,396 to €478,646
- Other debts +€99,732
up €99,732 (+6252.8%), from €1,595 to €101,327
- Current portion of long-term debt +€77,444
up €77,444 (+503.6%), from €15,379 to €92,823
- Profit (loss) carried forward +€11,358
up €11,358 (+11.8%), from €96,206 to €107,564
- Tax, wage and social debts -€10,262
down €10,262 (-54.1%), from €18,967 to €8,705
- Gross operating margin +€18,677
up €18,677 (+63.6%), from €29,361 to €48,038
- Other operating charges -€10,107
down €10,107 (-95.9%), from €10,540 to €433
- Financial charges +€8,998
up €8,998 (+559.6%), from €1,608 to €10,606
- Taxes +€4,892
up €4,892 (+256.7%), from €1,906 to €6,798
- Depreciation +€3,495
up €3,495 (+22.8%), from €15,350 to €18,845
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 | €175,377 | €805,499 | +€630,122 | +359.3% |
| Fixed assets | 21/28 | €68,289 | €755,658 | +€687,369 | +1006.6% |
| Tangible fixed assets | 22/27 | €67,289 | €54,658 | -€12,631 | -18.8% |
| Plant, machinery and equipment | 23 | €2,491 | €1,536 | -€955 | -38.3% |
| Furniture and vehicles | 24 | €64,798 | €53,122 | -€11,676 | -18.0% |
| Financial fixed assets | 28 | €1,000 | €701,000 | +€700,000 | +70000.0% |
| Current assets | 29/58 | €107,088 | €49,841 | -€57,247 | -53.5% |
| Amounts receivable within one year | 40/41 | €34,509 | €36,068 | +€1,559 | +4.5% |
| Trade receivables | 40 | €34,509 | €30,279 | -€4,230 | -12.3% |
| Other amounts receivable | 41 | - | €5,789 | +€5,789 | |
| Cash at bank and in hand | 54/58 | €71,730 | €13,013 | -€58,717 | -81.9% |
| Deferred charges and accrued income | 490/1 | €849 | €760 | -€89 | -10.5% |
| Total equity and liabilities | 10/49 | €175,377 | €805,499 | +€630,122 | +359.3% |
| Equity | 10/15 | €97,706 | €109,064 | +€11,358 | +11.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,206 | €107,564 | +€11,358 | +11.8% |
| Amounts payable | 17/49 | €77,671 | €696,435 | +€618,764 | +796.6% |
| Amounts payable after more than one year | 17 | €36,396 | €478,646 | +€442,250 | +1215.1% |
| Financial debts | 170/4 | €36,396 | €478,646 | +€442,250 | +1215.1% |
| Amounts payable within one year | 42/48 | €41,275 | €212,159 | +€170,884 | +414.0% |
| Current portion of amounts payable after more than one year | 42 | €15,379 | €92,823 | +€77,444 | +503.6% |
| Trade debts | 44 | €5,334 | €9,304 | +€3,970 | +74.4% |
| Suppliers | 440/4 | €5,334 | €9,304 | +€3,970 | +74.4% |
| Taxes, remuneration and social security | 45 | €18,967 | €8,705 | -€10,262 | -54.1% |
| Taxes | 450/3 | €18,967 | €8,705 | -€10,262 | -54.1% |
| Other amounts payable | 47/48 | €1,595 | €101,327 | +€99,732 | +6252.8% |
| Accrued charges and deferred income | 492/3 | - | €5,630 | +€5,630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,350 | €18,845 | +€3,495 | +22.8% |
| Other operating charges | 640/8 | €10,540 | €433 | -€10,107 | -95.9% |
| Gross operating margin | 9900 | €29,361 | €48,038 | +€18,677 | +63.6% |
| Operating profit (loss) | 9901 | €3,471 | €28,760 | +€25,289 | +728.6% |
| Financial income | 75/76B | €5 | €2 | -€3 | -60.0% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -60.0% |
| Financial charges | 65/66B | €1,608 | €10,606 | +€8,998 | +559.6% |
| Recurring financial charges | 65 | €1,608 | €10,606 | +€8,998 | +559.6% |
| Profit (loss) for the period before taxes | 9903 | €1,868 | €18,156 | +€16,288 | +871.9% |
| Income taxes | 67/77 | €1,906 | €6,798 | +€4,892 | +256.7% |
| Profit (loss) for the period | 9904 | -€38 | €11,358 | +€11,396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38 | €11,358 | +€11,396 |
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 4 October 2026 via checked.be.