BOA: 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.
BOA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Investment grants +€406,663
new in 2024: €406,663
- Other debts -€334,928
down €334,928 (-96.8%), from €346,090 to €11,162
- Debts after one year -€71,402
no longer reported in 2024 (was €71,402)
- Trade debts -€24,764
no longer reported in 2024 (was €24,764)
- Profit (loss) carried forward +€23,207
up €23,207 (+6.0%), from -€384,037 to -€360,830
- Depreciation -€18,495
no longer reported in 2024 (was €18,495)
- Gross operating margin +€5,811
up €5,811 (+33.4%), from €17,395 to €23,206
- Turnover +€4,000
up €4,000 (+20.0%), from €20,000 to €24,000
- Purchases and services -€1,811
down €1,811 (-69.5%), from €2,605 to €794
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €430,211 | €428,987 | -€1,224 | -0.3% |
| Fixed assets | 21/28 | €427,886 | €427,886 | = | 0.0% |
| Tangible fixed assets | 22/27 | €272,886 | €272,886 | = | 0.0% |
| Land and buildings | 22 | €198,905 | €198,905 | = | 0.0% |
| Plant, machinery and equipment | 23 | €52,388 | €52,388 | = | 0.0% |
| Furniture and vehicles | 24 | €21,593 | €21,593 | = | 0.0% |
| Financial fixed assets | 28 | €155,000 | €155,000 | = | 0.0% |
| Current assets | 29/58 | €2,325 | €1,101 | -€1,224 | -52.6% |
| Cash at bank and in hand | 54/58 | €2,325 | €1,101 | -€1,224 | -52.6% |
| Total equity and liabilities | 10/49 | €430,211 | €428,987 | -€1,224 | -0.3% |
| Equity | 10/15 | -€62,272 | €367,598 | +€429,870 | |
| Contributions | 10/11 | €24,790 | €24,790 | = | 0.0% |
| Capital | 10 | €24,790 | €24,790 | = | 0.0% |
| Issued capital | 100 | €24,790 | €24,790 | = | 0.0% |
| Reserves | 13 | €296,975 | €296,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,956 | €19,956 | = | 0.0% |
| Legal reserve | 130 | €19,956 | €19,956 | = | 0.0% |
| Tax-exempt reserves | 132 | €277,019 | €277,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€384,037 | -€360,830 | +€23,207 | +6.0% |
| Investment grants | 15 | - | €406,663 | +€406,663 | |
| Provisions and deferred taxes | 16 | €50,227 | €50,227 | = | 0.0% |
| Deferred taxes | 168 | €50,227 | €50,227 | = | 0.0% |
| Amounts payable | 17/49 | €442,256 | €11,162 | -€431,094 | -97.5% |
| Amounts payable after more than one year | 17 | €71,402 | - | -€71,402 | |
| Financial debts | 170/4 | €71,402 | - | -€71,402 | |
| Amounts payable within one year | 42/48 | €370,854 | €11,162 | -€359,692 | -97.0% |
| Trade debts | 44 | €24,764 | - | -€24,764 | |
| Suppliers | 440/4 | €24,764 | - | -€24,764 | |
| Other amounts payable | 47/48 | €346,090 | €11,162 | -€334,928 | -96.8% |
| Turnover | 70 | €20,000 | €24,000 | +€4,000 | +20.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,605 | €794 | -€1,811 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,495 | - | -€18,495 | |
| Other operating charges | 640/8 | €102 | - | -€102 | |
| Gross operating margin | 9900 | €17,395 | €23,206 | +€5,811 | +33.4% |
| Operating profit (loss) | 9901 | -€1,202 | €23,206 | +€24,408 | |
| Profit (loss) for the period before taxes | 9903 | -€1,202 | €23,206 | +€24,408 | |
| Profit (loss) for the period | 9904 | -€1,202 | €23,206 | +€24,408 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,202 | €23,206 | +€24,408 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.