BOA CONSTRUCTOR: 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 CONSTRUCTOR
Largest movements
- Current investments +€147,340
up €147,340 (+243.4%), from €60,540 to €207,879
- Stocks and contracts -€69,960
down €69,960 (-45.8%), from €152,795 to €82,835
- Cash -€45,779
down €45,779 (-48.8%), from €93,868 to €48,089
mainly Current investments (-€147,340) and Debts after one year (-€34,856)
- Receivables within one year +€25,418
up €25,418 (+9.4%), from €271,342 to €296,761
of which Trade receivables: +€81,980
- Tangible fixed assets -€21,396
down €21,396 (-5.1%), from €419,845 to €398,449
of which Land and buildings: -€30,940
- Debts after one year -€34,856
down €34,856 (-8.4%), from €414,067 to €379,210
- Advances received +€25,289
new in 2025: €25,289
- Trade debts +€19,672
up €19,672 (+11.7%), from €167,766 to €187,437
- Tax, wage and social debts +€16,126
up €16,126 (+27.9%), from €57,888 to €74,014
of which Taxes: +€24,168
- Gross operating margin -€85,885
down €85,885 (-41.6%), from €206,235 to €120,349
- Taxes -€18,098
down €18,098 (-89.7%), from €20,166 to €2,067
- Staff costs -€18,022
down €18,022 (-20.9%), from €86,425 to €68,403
- Write-downs -€5,113
no longer reported in 2025 (was €5,113)
- Depreciation +€4,884
up €4,884 (+15.2%), from €32,059 to €36,943
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.
Cash bridge derived
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 | €1,000,145 | €1,034,138 | +€33,993 | +3.4% |
| Fixed assets | 21/28 | €419,970 | €398,574 | -€21,396 | -5.1% |
| Tangible fixed assets | 22/27 | €419,845 | €398,449 | -€21,396 | -5.1% |
| Land and buildings | 22 | €398,064 | €367,124 | -€30,940 | -7.8% |
| Plant, machinery and equipment | 23 | €19,670 | €29,724 | +€10,054 | +51.1% |
| Furniture and vehicles | 24 | €2,110 | €1,601 | -€509 | -24.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €580,175 | €635,564 | +€55,389 | +9.5% |
| Stocks and contracts in progress | 3 | €152,795 | €82,835 | -€69,960 | -45.8% |
| Stocks | 30/36 | €152,795 | €82,835 | -€69,960 | -45.8% |
| Amounts receivable within one year | 40/41 | €271,342 | €296,761 | +€25,418 | +9.4% |
| Trade receivables | 40 | €191,471 | €273,451 | +€81,980 | +42.8% |
| Other amounts receivable | 41 | €79,871 | €23,310 | -€56,561 | -70.8% |
| Current investments | 50/53 | €60,540 | €207,879 | +€147,340 | +243.4% |
| Cash at bank and in hand | 54/58 | €93,868 | €48,089 | -€45,779 | -48.8% |
| Deferred charges and accrued income | 490/1 | €1,630 | - | -€1,630 | |
| Total equity and liabilities | 10/49 | €1,000,145 | €1,034,138 | +€33,993 | +3.4% |
| Equity | 10/15 | €326,253 | €324,228 | -€2,024 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,072 | €49,072 | = | 0.0% |
| Distributable reserves | 133 | €49,072 | €49,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,580 | €256,556 | -€2,024 | -0.8% |
| Amounts payable | 17/49 | €673,892 | €709,910 | +€36,018 | +5.3% |
| Amounts payable after more than one year | 17 | €414,067 | €379,210 | -€34,856 | -8.4% |
| Financial debts | 170/4 | €414,067 | €379,210 | -€34,856 | -8.4% |
| Amounts payable within one year | 42/48 | €259,826 | €330,700 | +€70,874 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €34,172 | €41,523 | +€7,351 | +21.5% |
| Trade debts | 44 | €167,766 | €187,437 | +€19,672 | +11.7% |
| Suppliers | 440/4 | €167,766 | €187,437 | +€19,672 | +11.7% |
| Advances received on contracts in progress | 46 | - | €25,289 | +€25,289 | |
| Taxes, remuneration and social security | 45 | €57,888 | €74,014 | +€16,126 | +27.9% |
| Taxes | 450/3 | €43,470 | €67,638 | +€24,168 | +55.6% |
| Remuneration and social security | 454/9 | €14,418 | €6,376 | -€8,042 | -55.8% |
| Other amounts payable | 47/48 | - | €2,437 | +€2,437 | |
| Remuneration, social security and pensions | 62 | €86,425 | €68,403 | -€18,022 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,059 | €36,943 | +€4,884 | +15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,113 | - | -€5,113 | |
| Other operating charges | 640/8 | €3,829 | €4,180 | +€351 | +9.2% |
| Gross operating margin | 9900 | €206,235 | €120,349 | -€85,885 | -41.6% |
| Operating profit (loss) | 9901 | €78,808 | €10,823 | -€67,985 | -86.3% |
| Financial income | 75/76B | €846 | €894 | +€48 | +5.7% |
| Recurring financial income | 75 | €846 | €894 | +€48 | +5.7% |
| Financial charges | 65/66B | €12,277 | €11,674 | -€602 | -4.9% |
| Recurring financial charges | 65 | €12,277 | €11,674 | -€602 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €67,378 | €43 | -€67,335 | -99.9% |
| Income taxes | 67/77 | €20,166 | €2,067 | -€18,098 | -89.7% |
| Profit (loss) for the period | 9904 | €47,212 | -€2,024 | -€49,237 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,212 | -€2,024 | -€49,237 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.