BO-FORT: 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-FORT
Largest movements
- Cash -€15,268
down €15,268 (-36.1%), from €42,331 to €27,063
mainly Receivables within one year (-€11,173) and Net result for the year (-€7,921)
- Receivables within one year +€11,173
up €11,173, from €0 to €11,173
of which Other amounts receivable: +€9,536
- Tangible fixed assets -€6,126
down €6,126 (-19.7%), from €31,043 to €24,917
of which Other tangible fixed assets: -€4,340
- Profit (loss) carried forward -€7,921
down €7,921 (-81.7%), from €9,692 to €1,771
- Trade debts -€1,392
down €1,392 (-27.5%), from €5,058 to €3,666
- Other debts -€888
down €888 (-25.8%), from €3,438 to €2,550
- Gross operating margin -€29,811
down €29,811, from €29,431 to -€380
- Taxes -€1,426
down €1,426 (-100%), from €1,426 to €0
- Depreciation -€841
down €841 (-12.1%), from €6,967 to €6,126
- Other operating charges +€295
up €295 (+51.9%), from €569 to €864
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 | €73,734 | €64,035 | -€9,698 | -13.2% |
| Fixed assets | 21/28 | €31,043 | €24,917 | -€6,126 | -19.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €31,043 | €24,917 | -€6,126 | -19.7% |
| Land and buildings | 22 | €11,017 | €9,231 | -€1,786 | -16.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €20,026 | €15,686 | -€4,340 | -21.7% |
| Current assets | 29/58 | €42,691 | €39,119 | -€3,572 | -8.4% |
| Amounts receivable within one year | 40/41 | €0 | €11,173 | +€11,173 | |
| Trade receivables | 40 | - | €1,637 | +€1,637 | |
| Other amounts receivable | 41 | €0 | €9,536 | +€9,536 | |
| Cash at bank and in hand | 54/58 | €42,331 | €27,063 | -€15,268 | -36.1% |
| Deferred charges and accrued income | 490/1 | €360 | €883 | +€523 | +145% |
| Total equity and liabilities | 10/49 | €73,734 | €64,035 | -€9,698 | -13.2% |
| Equity | 10/15 | €58,292 | €50,371 | -€7,921 | -13.6% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,692 | €1,771 | -€7,921 | -81.7% |
| Amounts payable | 17/49 | €15,442 | €13,665 | -€1,777 | -11.5% |
| Amounts payable within one year | 42/48 | €15,442 | €13,665 | -€1,777 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,058 | €3,666 | -€1,392 | -27.5% |
| Suppliers | 440/4 | €5,058 | €3,666 | -€1,392 | -27.5% |
| Taxes, remuneration and social security | 45 | €6,946 | €7,449 | +€503 | +7.2% |
| Taxes | 450/3 | €6,946 | €7,449 | +€503 | +7.2% |
| Other amounts payable | 47/48 | €3,438 | €2,550 | -€888 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,967 | €6,126 | -€841 | -12.1% |
| Other operating charges | 640/8 | €569 | €864 | +€295 | +51.9% |
| Gross operating margin | 9900 | €29,431 | -€380 | -€29,811 | |
| Operating profit (loss) | 9901 | €21,895 | -€7,370 | -€29,265 | |
| Financial income | 75/76B | €0 | €232 | +€232 | |
| Recurring financial income | 75 | €0 | €232 | +€232 | |
| Financial charges | 65/66B | €988 | €782 | -€206 | -20.8% |
| Recurring financial charges | 65 | €988 | €782 | -€206 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €20,906 | -€7,921 | -€28,827 | |
| Income taxes | 67/77 | €1,426 | €0 | -€1,426 | -100% |
| Profit (loss) for the period | 9904 | €19,480 | -€7,921 | -€27,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,480 | -€7,921 | -€27,401 |
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 30 October 2026 via checked.be.