BOA WORKFORCE: 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.
BOA WORKFORCE
Largest movements
- Current investments +€12,423
new in 2025: €12,423
- Receivables within one year +€11,333
up €11,333 (+231%), from €4,913 to €16,246
of which Trade receivables: +€11,401
- Tangible fixed assets -€10,677
down €10,677 (-5.7%), from €188,032 to €177,356
- Cash -€10,563
down €10,563 (-45.0%), from €23,496 to €12,933
mainly Current investments (-€12,423) and Receivables within one year (-€11,333)
- Debts after one year -€9,387
down €9,387 (-7.2%), from €130,618 to €121,231
- Reserves +€5,902
up €5,902 (+47.5%), from €12,423 to €18,324
- Trade debts +€3,327
up €3,327 (+23.4%), from €14,191 to €17,518
- Tax, wage and social debts +€2,392
up €2,392 (+54.7%), from €4,374 to €6,766
- Gross operating margin -€8,090
down €8,090 (-27.6%), from €29,301 to €21,211
- Depreciation +€3,559
up €3,559 (+50.0%), from €7,118 to €10,677
- Financial income +€2,368
up €2,368 (+4,736,040%), from €0 to €2,368
- Taxes -€2,121
down €2,121 (-48.5%), from €4,374 to €2,253
- Other operating charges -€380
down €380 (-48.8%), from €780 to €400
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 | €216,442 | €218,958 | +€2,516 | +1.2% |
| Fixed assets | 21/28 | €188,032 | €177,356 | -€10,677 | -5.7% |
| Tangible fixed assets | 22/27 | €188,032 | €177,356 | -€10,677 | -5.7% |
| Land and buildings | 22 | €188,032 | €177,356 | -€10,677 | -5.7% |
| Current assets | 29/58 | €28,410 | €41,602 | +€13,193 | +46.4% |
| Amounts receivable within one year | 40/41 | €4,913 | €16,246 | +€11,333 | +231% |
| Trade receivables | 40 | €4,845 | €16,246 | +€11,401 | +235% |
| Other amounts receivable | 41 | €68 | - | -€68 | |
| Current investments | 50/53 | - | €12,423 | +€12,423 | |
| Cash at bank and in hand | 54/58 | €23,496 | €12,933 | -€10,563 | -45.0% |
| Total equity and liabilities | 10/49 | €216,442 | €218,958 | +€2,516 | +1.2% |
| Equity | 10/15 | €58,154 | €64,056 | +€5,902 | +10.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €12,423 | €18,324 | +€5,902 | +47.5% |
| Distributable reserves | 133 | €12,423 | €18,324 | +€5,902 | +47.5% |
| Profit (loss) carried forward | 14 | -€4,269 | -€4,269 | = | 0.0% |
| Amounts payable | 17/49 | €158,288 | €154,902 | -€3,386 | -2.1% |
| Amounts payable after more than one year | 17 | €130,618 | €121,231 | -€9,387 | -7.2% |
| Financial debts | 170/4 | €130,618 | €121,231 | -€9,387 | -7.2% |
| Amounts payable within one year | 42/48 | €27,670 | €33,671 | +€6,001 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €9,105 | €9,387 | +€282 | +3.1% |
| Trade debts | 44 | €14,191 | €17,518 | +€3,327 | +23.4% |
| Suppliers | 440/4 | €14,191 | €17,518 | +€3,327 | +23.4% |
| Taxes, remuneration and social security | 45 | €4,374 | €6,766 | +€2,392 | +54.7% |
| Taxes | 450/3 | €4,374 | €6,766 | +€2,392 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,118 | €10,677 | +€3,559 | +50.0% |
| Other operating charges | 640/8 | €780 | €400 | -€380 | -48.8% |
| Gross operating margin | 9900 | €29,301 | €21,211 | -€8,090 | -27.6% |
| Operating profit (loss) | 9901 | €21,403 | €10,134 | -€11,268 | -52.7% |
| Financial income | 75/76B | €0 | €2,368 | +€2,368 | +4,736,040% |
| Recurring financial income | 75 | €0 | €2,368 | +€2,368 | +4,736,040% |
| Financial charges | 65/66B | €4,606 | €4,347 | -€258 | -5.6% |
| Recurring financial charges | 65 | €4,606 | €4,347 | -€258 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €16,797 | €8,155 | -€8,642 | -51.5% |
| Income taxes | 67/77 | €4,374 | €2,253 | -€2,121 | -48.5% |
| Profit (loss) for the period | 9904 | €12,423 | €5,902 | -€6,521 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,423 | €5,902 | -€6,521 | -52.5% |
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 14 October 2026 via checked.be.