BOABELL: 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.
BOABELL
Largest movements
- Tangible fixed assets +€50,868
up €50,868 (+1207.7%), from €4,212 to €55,080
- Cash +€34,932
up €34,932 (+2515.8%), from €1,388 to €36,321
mainly Debts after one year (+€35,175) and Depreciation (+€34,508)
- Intangible fixed assets -€28,000
down €28,000 (-20.8%), from €134,574 to €106,574
- Receivables within one year -€7,362
down €7,362 (-43.7%), from €16,850 to €9,488
of which Other amounts receivable: -€7,118
- Financial fixed assets -€3,300
down €3,300 (-49.1%), from €6,720 to €3,420
- Debts after one year +€35,175
up €35,175 (+121.4%), from €28,971 to €64,146
- Reserves +€27,342
up €27,342 (+110.4%), from €24,775 to €52,117
- Current portion of long-term debt -€19,882
down €19,882 (-37.3%), from €53,315 to €33,433
- Tax, wage and social debts +€10,846
up €10,846 (+87.3%), from €12,426 to €23,273
of which Remuneration and social security: +€6,835
- Trade debts -€6,710
down €6,710 (-96.7%), from €6,943 to €232
- Gross operating margin +€14,331
up €14,331 (+8.8%), from €162,201 to €176,532
- Staff costs -€12,755
down €12,755 (-11.6%), from €110,240 to €97,484
- Taxes +€6,644
up €6,644 (+118.5%), from €5,607 to €12,252
- Depreciation +€5,000
up €5,000 (+16.9%), from €29,508 to €34,508
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 | €165,823 | €213,122 | +€47,299 | +28.5% |
| Fixed assets | 21/28 | €145,506 | €165,074 | +€19,568 | +13.4% |
| Intangible fixed assets | 21 | €134,574 | €106,574 | -€28,000 | -20.8% |
| Tangible fixed assets | 22/27 | €4,212 | €55,080 | +€50,868 | +1207.7% |
| Plant, machinery and equipment | 23 | €1,164 | €18,196 | +€17,032 | +1463.1% |
| Furniture and vehicles | 24 | €2,208 | €18,722 | +€16,514 | +747.8% |
| Other tangible fixed assets | 26 | €840 | €18,162 | +€17,322 | +2062.4% |
| Financial fixed assets | 28 | €6,720 | €3,420 | -€3,300 | -49.1% |
| Current assets | 29/58 | €20,317 | €48,048 | +€27,731 | +136.5% |
| Stocks and contracts in progress | 3 | €1,780 | €1,780 | = | 0.0% |
| Stocks | 30/36 | €1,780 | €1,780 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,850 | €9,488 | -€7,362 | -43.7% |
| Trade receivables | 40 | €310 | €65 | -€244 | -78.9% |
| Other amounts receivable | 41 | €16,540 | €9,423 | -€7,118 | -43.0% |
| Cash at bank and in hand | 54/58 | €1,388 | €36,321 | +€34,932 | +2515.8% |
| Deferred charges and accrued income | 490/1 | €299 | €459 | +€161 | +53.9% |
| Total equity and liabilities | 10/49 | €165,823 | €213,122 | +€47,299 | +28.5% |
| Equity | 10/15 | €44,775 | €72,117 | +€27,342 | +61.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €24,775 | €52,117 | +€27,342 | +110.4% |
| Distributable reserves | 133 | €24,775 | €52,117 | +€27,342 | +110.4% |
| Amounts payable | 17/49 | €121,049 | €141,005 | +€19,956 | +16.5% |
| Amounts payable after more than one year | 17 | €28,971 | €64,146 | +€35,175 | +121.4% |
| Financial debts | 170/4 | €28,971 | €64,146 | +€35,175 | +121.4% |
| Amounts payable within one year | 42/48 | €89,177 | €72,973 | -€16,204 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €53,315 | €33,433 | -€19,882 | -37.3% |
| Financial debts | 43 | €6,555 | €11,818 | +€5,264 | +80.3% |
| Credit institutions | 430/8 | €6,555 | €11,818 | +€5,264 | +80.3% |
| Trade debts | 44 | €6,943 | €232 | -€6,710 | -96.7% |
| Suppliers | 440/4 | €6,943 | €232 | -€6,710 | -96.7% |
| Taxes, remuneration and social security | 45 | €12,426 | €23,273 | +€10,846 | +87.3% |
| Taxes | 450/3 | €5,472 | €9,483 | +€4,011 | +73.3% |
| Remuneration and social security | 454/9 | €6,954 | €13,789 | +€6,835 | +98.3% |
| Other amounts payable | 47/48 | €9,939 | €4,217 | -€5,722 | -57.6% |
| Accrued charges and deferred income | 492/3 | €2,901 | €3,886 | +€985 | +34.0% |
| Remuneration, social security and pensions | 62 | €110,240 | €97,484 | -€12,755 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,508 | €34,508 | +€5,000 | +16.9% |
| Other operating charges | 640/8 | €619 | €571 | -€48 | -7.8% |
| Gross operating margin | 9900 | €162,201 | €176,532 | +€14,331 | +8.8% |
| Operating profit (loss) | 9901 | €21,834 | €43,969 | +€22,135 | +101.4% |
| Financial income | 75/76B | €435 | €448 | +€14 | +3.1% |
| Recurring financial income | 75 | €435 | €448 | +€14 | +3.1% |
| Financial charges | 65/66B | €4,231 | €4,823 | +€592 | +14.0% |
| Recurring financial charges | 65 | €4,231 | €4,823 | +€592 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €18,038 | €39,594 | +€21,556 | +119.5% |
| Income taxes | 67/77 | €5,607 | €12,252 | +€6,644 | +118.5% |
| Profit (loss) for the period | 9904 | €12,431 | €27,342 | +€14,912 | +120.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,431 | €27,342 | +€14,912 | +120.0% |
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 6 October 2026 via checked.be.