BO EN CO: 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 EN CO
Largest movements
- Tangible fixed assets -€56,098
down €56,098 (-5.7%), from €981,385 to €925,287
- Cash +€22,377
up €22,377 (+57.0%), from €39,228 to €61,606
mainly Depreciation (+€56,098) and Net result for the year (+€50,561)
- Receivables within one year -€20,206
down €20,206 (-98.3%), from €20,551 to €346
of which Trade receivables: -€20,206
- Debts after one year -€91,922
down €91,922 (-19.8%), from €463,971 to €372,048
- Profit (loss) carried forward +€78,994
up €78,994 (+67.1%), from -€117,693 to -€38,698
- Reserves -€28,434
down €28,434 (-7.4%), from €386,383 to €357,949
- Provisions -€12,198
down €12,198 (-7.5%), from €161,770 to €149,571
- Gross operating margin -€7,390
down €7,390 (-5.9%), from €125,858 to €118,469
- Depreciation +€1,985
up €1,985 (+3.7%), from €54,113 to €56,098
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,052,808 | €998,882 | -€53,927 | -5.1% |
| Fixed assets | 21/28 | €993,029 | €936,930 | -€56,098 | -5.6% |
| Intangible fixed assets | 21 | €11,644 | €11,644 | = | 0.0% |
| Tangible fixed assets | 22/27 | €981,385 | €925,287 | -€56,098 | -5.7% |
| Land and buildings | 22 | €981,385 | €925,287 | -€56,098 | -5.7% |
| Current assets | 29/58 | €59,780 | €61,951 | +€2,172 | +3.6% |
| Amounts receivable within one year | 40/41 | €20,551 | €346 | -€20,206 | -98.3% |
| Trade receivables | 40 | €20,551 | €346 | -€20,206 | -98.3% |
| Other amounts receivable | 41 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €39,228 | €61,606 | +€22,377 | +57.0% |
| Total equity and liabilities | 10/49 | €1,052,808 | €998,882 | -€53,927 | -5.1% |
| Equity | 10/15 | €293,479 | €344,040 | +€50,561 | +17.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €386,383 | €357,949 | -€28,434 | -7.4% |
| Tax-exempt reserves | 132 | €386,383 | €357,949 | -€28,434 | -7.4% |
| Profit (loss) carried forward | 14 | -€117,693 | -€38,698 | +€78,994 | +67.1% |
| Provisions and deferred taxes | 16 | €161,770 | €149,571 | -€12,198 | -7.5% |
| Deferred taxes | 168 | €161,770 | €149,571 | -€12,198 | -7.5% |
| Amounts payable | 17/49 | €597,559 | €505,270 | -€92,289 | -15.4% |
| Amounts payable after more than one year | 17 | €463,971 | €372,048 | -€91,922 | -19.8% |
| Financial debts | 170/4 | €463,971 | €372,048 | -€91,922 | -19.8% |
| Amounts payable within one year | 42/48 | €133,589 | €133,222 | -€367 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €82,945 | €82,945 | = | 0.0% |
| Trade debts | 44 | €25 | - | -€25 | |
| Suppliers | 440/4 | €25 | - | -€25 | |
| Taxes, remuneration and social security | 45 | €181 | €600 | +€419 | +231% |
| Taxes | 450/3 | €181 | €600 | +€419 | +231% |
| Other amounts payable | 47/48 | €50,438 | €49,677 | -€760 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,113 | €56,098 | +€1,985 | +3.7% |
| Other operating charges | 640/8 | €10,855 | €11,199 | +€344 | +3.2% |
| Gross operating margin | 9900 | €125,858 | €118,469 | -€7,390 | -5.9% |
| Operating profit (loss) | 9901 | €60,890 | €51,171 | -€9,719 | -16.0% |
| Financial income | 75/76B | €55 | - | -€55 | |
| Recurring financial income | 75 | €55 | - | -€55 | |
| Financial charges | 65/66B | €13,747 | €12,808 | -€939 | -6.8% |
| Recurring financial charges | 65 | €13,747 | €12,808 | -€939 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €47,197 | €38,363 | -€8,835 | -18.7% |
| Transfer from deferred taxes | 780 | €12,198 | €12,198 | = | 0.0% |
| Profit (loss) for the period | 9904 | €59,395 | €50,561 | -€8,835 | -14.9% |
| Transfer from tax-exempt reserves | 789 | €28,434 | €28,434 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,829 | €78,994 | -€8,835 | -10.1% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.