BOAB: 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.
What changed
BOAB
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€78,864
2024 · -€83,785+€162,649
Equity
€1.0m
2024 · €924,489+€78,864
Cash
€1,169
2024 · €17,947-€16,777
Balance sheet total
€2.3m
2024 · €1.4m+€876,494
Largest movements
Assets
- Tangible fixed assets +€917,775
up €917,775 (+69.0%), from €1.3m to €2.2m
of which Land and buildings: +€925,087
- Receivables within one year -€41,988
down €41,988 (-56.0%), from €74,962 to €32,974
of which Trade receivables: -€74,168
Equity and liabilities
- Debts after one year +€852,579
up €852,579 (+253.2%), from €336,759 to €1.2m
- Other debts -€126,890
down €126,890 (-90.1%), from €140,772 to €13,882
- Profit (loss) carried forward +€88,864
up €88,864 (+73.6%), from -€120,818 to -€31,953
- Current portion of long-term debt +€71,106
up €71,106 (+537.0%), from €13,241 to €84,347
Income statement
- Gross operating margin +€244,066
up €244,066, from -€32,434 to €211,632
- Depreciation +€74,113
up €74,113 (+247.3%), from €29,967 to €104,080
- Financial charges +€18,812
up €18,812 (+214.5%), from €8,769 to €27,581
- Other operating charges -€9,932
down €9,932 (-79.7%), from €12,464 to €2,532
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.
Result 2024
-€83,785
Gross operating margin
+€244,066
Depreciation
-€74,113
Other operating charges
+€9,932
Financial income
+€1,567
Financial charges
-€18,812
Taxes
+€9
Result 2025
€78,864
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.
From operations
+€81,393
Investment
-€1.0m
Financing
+€923,685
Cash 2024
€17,947
From operations (derived)
+€81,393
Net result for the year
+€78,864
Depreciation
+€104,080
Receivables within one year
+€41,988
Deferred charges and accrued income
-€17,485
Smaller working-capital items
+€835
Other debts
-€126,890
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
+€923,685
Debts after one year
+€852,579
Current portion of long-term debt
+€71,106
Cash 2025
€1,169
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,431,857 | €2,308,351 | +€876,494 | +61.2% |
| Fixed assets | 21/28 | €1,329,197 | €2,246,972 | +€917,775 | +69.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,329,197 | €2,246,972 | +€917,775 | +69.0% |
| Land and buildings | 22 | €1,270,392 | €2,195,478 | +€925,087 | +72.8% |
| Plant, machinery and equipment | 23 | €51,689 | €45,946 | -€5,743 | -11.1% |
| Furniture and vehicles | 24 | €7,117 | €5,548 | -€1,569 | -22.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €102,660 | €61,379 | -€41,281 | -40.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €74,962 | €32,974 | -€41,988 | -56.0% |
| Trade receivables | 40 | €74,168 | €0 | -€74,168 | -100.0% |
| Other amounts receivable | 41 | €795 | €32,974 | +€32,179 | +4049.0% |
| Cash at bank and in hand | 54/58 | €17,947 | €1,169 | -€16,777 | -93.5% |
| Deferred charges and accrued income | 490/1 | €9,751 | €27,236 | +€17,485 | +179.3% |
| Total equity and liabilities | 10/49 | €1,431,857 | €2,308,351 | +€876,494 | +61.2% |
| Equity | 10/15 | €924,489 | €1,003,354 | +€78,864 | +8.5% |
| Contributions | 10/11 | €78,109 | €78,109 | = | 0.0% |
| Capital | 10 | €78,109 | €78,109 | = | 0.0% |
| Issued capital | 100 | €78,109 | €78,109 | = | 0.0% |
| Revaluation surpluses | 12 | €920,000 | €910,000 | -€10,000 | -1.1% |
| Reserves | 13 | €47,198 | €47,198 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,811 | €7,811 | = | 0.0% |
| Legal reserve | 130 | €7,811 | €7,811 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,387 | €39,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,818 | -€31,953 | +€88,864 | +73.6% |
| Amounts payable | 17/49 | €507,368 | €1,304,997 | +€797,629 | +157.2% |
| Amounts payable after more than one year | 17 | €336,759 | €1,189,337 | +€852,579 | +253.2% |
| Financial debts | 170/4 | €336,759 | €1,189,337 | +€852,579 | +253.2% |
| Amounts payable within one year | 42/48 | €168,482 | €112,645 | -€55,837 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €13,241 | €84,347 | +€71,106 | +537.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €9,119 | €8,845 | -€274 | -3.0% |
| Suppliers | 440/4 | €9,119 | €8,845 | -€274 | -3.0% |
| Taxes, remuneration and social security | 45 | €5,350 | €5,571 | +€221 | +4.1% |
| Taxes | 450/3 | €1,788 | €1,929 | +€141 | +7.9% |
| Remuneration and social security | 454/9 | €3,562 | €3,642 | +€80 | +2.2% |
| Other amounts payable | 47/48 | €140,772 | €13,882 | -€126,890 | -90.1% |
| Accrued charges and deferred income | 492/3 | €2,127 | €3,015 | +€887 | +41.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,967 | €104,080 | +€74,113 | +247.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,464 | €2,532 | -€9,932 | -79.7% |
| Gross operating margin | 9900 | -€32,434 | €211,632 | +€244,066 | |
| Operating profit (loss) | 9901 | -€74,866 | €105,019 | +€179,885 | |
| Financial income | 75/76B | €0 | €1,567 | +€1,567 | +15672000.0% |
| Recurring financial income | 75 | €0 | €1,567 | +€1,567 | +15672000.0% |
| Financial charges | 65/66B | €8,769 | €27,581 | +€18,812 | +214.5% |
| Recurring financial charges | 65 | €8,769 | €27,581 | +€18,812 | +214.5% |
| Profit (loss) for the period before taxes | 9903 | -€83,635 | €79,005 | +€162,641 | |
| Income taxes | 67/77 | €150 | €141 | -€9 | -5.8% |
| Profit (loss) for the period | 9904 | -€83,785 | €78,864 | +€162,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,785 | €78,864 | +€162,649 |
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 3 October 2026 via checked.be.