BO(U)FFÉ: 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(U)FFÉ
Largest movements
- Tangible fixed assets +€183,475
up €183,475 (+50.5%), from €363,261 to €546,736
of which Other tangible fixed assets: +€220,657
- Receivables within one year -€100,788
down €100,788 (-56.8%), from €177,300 to €76,511
of which Other amounts receivable: -€66,943
- Cash +€19,222
up €19,222 (+7.7%), from €251,113 to €270,335
mainly Net result for the year (+€175,404) and Depreciation (+€125,274)
- Intangible fixed assets -€19,000
down €19,000 (-35.4%), from €53,721 to €34,721
- Stocks and contracts +€14,770
up €14,770 (+74.3%), from €19,876 to €34,646
- Debts after one year +€95,900
up €95,900 (+52.1%), from €183,981 to €279,881
- Other debts -€40,487
down €40,487 (-20.2%), from €200,487 to €160,000
- Tax, wage and social debts -€35,018
down €35,018 (-43.7%), from €80,174 to €45,156
of which Remuneration and social security: -€19,745
- Trade debts +€30,538
up €30,538 (+16.2%), from €188,177 to €218,716
- Profit (loss) carried forward +€15,404
up €15,404 (+9.1%), from €168,510 to €183,914
- Gross operating margin -€50,084
down €50,084 (-5.9%), from €849,570 to €799,486
- Depreciation +€14,918
up €14,918 (+13.5%), from €110,355 to €125,274
- Staff costs -€14,847
down €14,847 (-3.0%), from €493,077 to €478,230
- Taxes -€12,634
down €12,634 (-94.4%), from €13,382 to €748
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 | €882,580 | €969,466 | +€86,885 | +9.8% |
| Fixed assets | 21/28 | €417,540 | €582,015 | +€164,475 | +39.4% |
| Intangible fixed assets | 21 | €53,721 | €34,721 | -€19,000 | -35.4% |
| Tangible fixed assets | 22/27 | €363,261 | €546,736 | +€183,475 | +50.5% |
| Plant, machinery and equipment | 23 | €238,650 | €189,487 | -€49,163 | -20.6% |
| Furniture and vehicles | 24 | €31,799 | €43,780 | +€11,981 | +37.7% |
| Other tangible fixed assets | 26 | €92,812 | €313,470 | +€220,657 | +238% |
| Financial fixed assets | 28 | €558 | €558 | = | 0.0% |
| Current assets | 29/58 | €465,040 | €387,451 | -€77,589 | -16.7% |
| Amounts receivable after more than one year | 29 | €6,600 | €0 | -€6,600 | -100% |
| Other amounts receivable | 291 | €6,600 | €0 | -€6,600 | -100% |
| Stocks and contracts in progress | 3 | €19,876 | €34,646 | +€14,770 | +74.3% |
| Stocks | 30/36 | €19,876 | €34,646 | +€14,770 | +74.3% |
| Amounts receivable within one year | 40/41 | €177,300 | €76,511 | -€100,788 | -56.8% |
| Trade receivables | 40 | €34,715 | €870 | -€33,845 | -97.5% |
| Other amounts receivable | 41 | €142,584 | €75,641 | -€66,943 | -47.0% |
| Cash at bank and in hand | 54/58 | €251,113 | €270,335 | +€19,222 | +7.7% |
| Deferred charges and accrued income | 490/1 | €10,152 | €5,959 | -€4,193 | -41.3% |
| Total equity and liabilities | 10/49 | €882,580 | €969,466 | +€86,885 | +9.8% |
| Equity | 10/15 | €187,592 | €202,996 | +€15,404 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €482 | €482 | = | 0.0% |
| Distributable reserves | 133 | €482 | €482 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,510 | €183,914 | +€15,404 | +9.1% |
| Amounts payable | 17/49 | €694,989 | €766,470 | +€71,481 | +10.3% |
| Amounts payable after more than one year | 17 | €183,981 | €279,881 | +€95,900 | +52.1% |
| Financial debts | 170/4 | €183,981 | €279,881 | +€95,900 | +52.1% |
| Amounts payable within one year | 42/48 | €509,560 | €486,589 | -€22,971 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €31,028 | €38,278 | +€7,250 | +23.4% |
| Financial debts | 43 | €5,130 | €7,838 | +€2,708 | +52.8% |
| Credit institutions | 430/8 | €5,130 | €7,838 | +€2,708 | +52.8% |
| Trade debts | 44 | €188,177 | €218,716 | +€30,538 | +16.2% |
| Suppliers | 440/4 | €188,177 | €218,716 | +€30,538 | +16.2% |
| Advances received on contracts in progress | 46 | €4,564 | €16,601 | +€12,037 | +264% |
| Taxes, remuneration and social security | 45 | €80,174 | €45,156 | -€35,018 | -43.7% |
| Taxes | 450/3 | €18,704 | €3,431 | -€15,273 | -81.7% |
| Remuneration and social security | 454/9 | €61,470 | €41,725 | -€19,745 | -32.1% |
| Other amounts payable | 47/48 | €200,487 | €160,000 | -€40,487 | -20.2% |
| Accrued charges and deferred income | 492/3 | €1,448 | €0 | -€1,448 | -100% |
| Non-recurring operating income | 76A | - | €178 | +€178 | |
| Remuneration, social security and pensions | 62 | €493,077 | €478,230 | -€14,847 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,355 | €125,274 | +€14,918 | +13.5% |
| Other operating charges | 640/8 | €3,095 | €5,453 | +€2,358 | +76.2% |
| Non-recurring operating charges | 66A | €1,010 | €0 | -€1,010 | -100% |
| Gross operating margin | 9900 | €849,570 | €799,486 | -€50,084 | -5.9% |
| Operating profit (loss) | 9901 | €242,034 | €190,529 | -€51,504 | -21.3% |
| Financial income | 75/76B | €1,996 | €5,760 | +€3,764 | +189% |
| Recurring financial income | 75 | €1,996 | €5,760 | +€3,764 | +189% |
| Financial charges | 65/66B | €15,948 | €20,137 | +€4,189 | +26.3% |
| Recurring financial charges | 65 | €15,948 | €20,137 | +€4,189 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €228,082 | €176,152 | -€51,930 | -22.8% |
| Income taxes | 67/77 | €13,382 | €748 | -€12,634 | -94.4% |
| Profit (loss) for the period | 9904 | €214,700 | €175,404 | -€39,297 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €214,700 | €175,404 | -€39,297 | -18.3% |
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 18 October 2026 via checked.be.