BOAP: 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.
BOAP
Largest movements
- Receivables within one year -€77,681
down €77,681 (-62.2%), from €124,973 to €47,292
of which Other amounts receivable: -€78,378
- Receivables after one year -€40,000
down €40,000 (-16.3%), from €245,000 to €205,000
- Cash +€12,826
up €12,826 (+39.5%), from €32,431 to €45,256
mainly Receivables within one year (+€77,681) and Receivables after one year (+€40,000)
- Other debts -€118,595
down €118,595 (-89.4%), from €132,675 to €14,080
- Tax, wage and social debts +€7,858
up €7,858 (+205.9%), from €3,816 to €11,673
of which Taxes: +€4,190
- Gross operating margin +€83,029
up €83,029, from -€33,700 to €49,329
- Staff costs +€3,326
up €3,326 (+13.5%), from €24,643 to €27,969
- Depreciation +€3,214
up €3,214 (+21.0%), from €15,308 to €18,522
- Financial income -€2,916
down €2,916 (-32.7%), from €8,924 to €6,008
- Financial charges -€661
down €661 (-9.0%), from €7,303 to €6,643
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 | €750,597 | €640,734 | -€109,863 | -14.6% |
| Fixed assets | 21/28 | €114,831 | €113,109 | -€1,723 | -1.5% |
| Tangible fixed assets | 22/27 | €114,831 | €113,109 | -€1,723 | -1.5% |
| Land and buildings | 22 | €112,000 | €98,000 | -€14,000 | -12.5% |
| Plant, machinery and equipment | 23 | €283 | €44 | -€239 | -84.5% |
| Furniture and vehicles | 24 | €2,548 | €15,065 | +€12,517 | +491.1% |
| Current assets | 29/58 | €635,766 | €527,625 | -€108,141 | -17.0% |
| Amounts receivable after more than one year | 29 | €245,000 | €205,000 | -€40,000 | -16.3% |
| Other amounts receivable | 291 | €245,000 | €205,000 | -€40,000 | -16.3% |
| Stocks and contracts in progress | 3 | €210,406 | €210,406 | = | 0.0% |
| Stocks | 30/36 | €210,406 | €210,406 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €124,973 | €47,292 | -€77,681 | -62.2% |
| Trade receivables | 40 | €46,595 | €47,292 | +€697 | +1.5% |
| Other amounts receivable | 41 | €78,378 | €0 | -€78,378 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,431 | €45,256 | +€12,826 | +39.5% |
| Deferred charges and accrued income | 490/1 | €22,957 | €19,671 | -€3,286 | -14.3% |
| Total equity and liabilities | 10/49 | €750,597 | €640,734 | -€109,863 | -14.6% |
| Equity | 10/15 | €455,330 | €455,795 | +€465 | +0.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €93,959 | €93,959 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €93,959 | €93,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | €331,371 | €331,836 | +€465 | +0.1% |
| Amounts payable | 17/49 | €295,267 | €184,939 | -€110,329 | -37.4% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €138,988 | €30,285 | -€108,703 | -78.2% |
| Trade debts | 44 | €2,497 | €4,531 | +€2,034 | +81.5% |
| Suppliers | 440/4 | €2,497 | €4,531 | +€2,034 | +81.5% |
| Taxes, remuneration and social security | 45 | €3,816 | €11,673 | +€7,858 | +205.9% |
| Taxes | 450/3 | €655 | €4,846 | +€4,190 | +639.7% |
| Remuneration and social security | 454/9 | €3,161 | €6,828 | +€3,667 | +116.0% |
| Other amounts payable | 47/48 | €132,675 | €14,080 | -€118,595 | -89.4% |
| Accrued charges and deferred income | 492/3 | €6,279 | €4,654 | -€1,625 | -25.9% |
| Remuneration, social security and pensions | 62 | €24,643 | €27,969 | +€3,326 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,308 | €18,522 | +€3,214 | +21.0% |
| Other operating charges | 640/8 | €1,460 | €1,641 | +€182 | +12.4% |
| Gross operating margin | 9900 | -€33,700 | €49,329 | +€83,029 | |
| Operating profit (loss) | 9901 | -€75,111 | €1,197 | +€76,308 | |
| Financial income | 75/76B | €8,924 | €6,008 | -€2,916 | -32.7% |
| Recurring financial income | 75 | €8,924 | €6,008 | -€2,916 | -32.7% |
| Financial charges | 65/66B | €7,303 | €6,643 | -€661 | -9.0% |
| Recurring financial charges | 65 | €7,303 | €6,643 | -€661 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€73,491 | €562 | +€74,053 | |
| Income taxes | 67/77 | €257 | €97 | -€160 | -62.4% |
| Profit (loss) for the period | 9904 | -€73,748 | €465 | +€74,213 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,748 | €465 | +€74,213 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.