BO Management: 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 Management
Largest movements
- Current investments -€87,940
down €87,940 (-68.3%), from €128,683 to €40,744
- Receivables within one year -€12,195
down €12,195 (-87.1%), from €14,002 to €1,807
- Tangible fixed assets +€6,398
up €6,398 (+59.1%), from €10,820 to €17,218
- Other debts -€89,889
down €89,889 (-46.1%), from €194,939 to €105,050
- Trade debts -€3,797
down €3,797 (-92.7%), from €4,096 to €299
- Gross operating margin -€154,966
down €154,966 (-51.9%), from €298,392 to €143,425
- Financial income +€46,137
up €46,137 (+9,075%), from €508 to €46,645
- Taxes -€39,588
down €39,588 (-65.8%), from €60,168 to €20,580
- Depreciation +€3,564
up €3,564 (+65.2%), from €5,464 to €9,028
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 | €217,771 | €123,949 | -€93,822 | -43.1% |
| Fixed assets | 21/28 | €15,470 | €21,868 | +€6,398 | +41.4% |
| Tangible fixed assets | 22/27 | €10,820 | €17,218 | +€6,398 | +59.1% |
| Furniture and vehicles | 24 | €10,820 | €17,218 | +€6,398 | +59.1% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €202,301 | €102,081 | -€100,220 | -49.5% |
| Amounts receivable within one year | 40/41 | €14,002 | €1,807 | -€12,195 | -87.1% |
| Other amounts receivable | 41 | €14,002 | €1,807 | -€12,195 | -87.1% |
| Current investments | 50/53 | €128,683 | €40,744 | -€87,940 | -68.3% |
| Cash at bank and in hand | 54/58 | €59,616 | €59,531 | -€85 | -0.1% |
| Total equity and liabilities | 10/49 | €217,771 | €123,949 | -€93,822 | -43.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €199,171 | €105,349 | -€93,822 | -47.1% |
| Amounts payable within one year | 42/48 | €199,171 | €105,349 | -€93,822 | -47.1% |
| Trade debts | 44 | €4,096 | €299 | -€3,797 | -92.7% |
| Suppliers | 440/4 | €4,096 | €299 | -€3,797 | -92.7% |
| Taxes, remuneration and social security | 45 | €136 | - | -€136 | |
| Remuneration and social security | 454/9 | €136 | - | -€136 | |
| Other amounts payable | 47/48 | €194,939 | €105,050 | -€89,889 | -46.1% |
| Remuneration, social security and pensions | 62 | €39,316 | €40,570 | +€1,254 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,464 | €9,028 | +€3,564 | +65.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €298,392 | €143,425 | -€154,966 | -51.9% |
| Operating profit (loss) | 9901 | €253,224 | €93,427 | -€159,797 | -63.1% |
| Financial income | 75/76B | €508 | €46,645 | +€46,137 | +9,075% |
| Recurring financial income | 75 | €508 | €46,645 | +€46,137 | +9,075% |
| Financial charges | 65/66B | €496 | €1,114 | +€618 | +124% |
| Recurring financial charges | 65 | €496 | €1,114 | +€618 | +124% |
| Profit (loss) for the period before taxes | 9903 | €253,236 | €138,959 | -€114,278 | -45.1% |
| Income taxes | 67/77 | €60,168 | €20,580 | -€39,588 | -65.8% |
| Profit (loss) for the period | 9904 | €193,069 | €118,379 | -€74,690 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €193,069 | €118,379 | -€74,690 | -38.7% |
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 15 October 2026 via checked.be.