Boar: 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.
Boar
Largest movements
- Cash +€112,246
up €112,246 (+71.0%), from €158,115 to €270,360
mainly Net result for the year (+€96,176) and Current investments (+€20,000)
- Current investments -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Receivables within one year +€4,004
up €4,004 (+19.1%), from €20,939 to €24,943
- Profit (loss) carried forward +€96,176
up €96,176 (+52.5%), from €183,241 to €279,417
- Tax, wage and social debts +€6,649
up €6,649 (+68.2%), from €9,754 to €16,403
- Other debts -€3,331
down €3,331 (-99.3%), from €3,355 to €24
- Gross operating margin +€44,716
up €44,716 (+49.1%), from €91,029 to €135,746
- Taxes +€10,768
up €10,768 (+57.9%), from €18,595 to €29,363
- Financial charges +€8,662
up €8,662 (+224397.2%), from €4 to €8,666
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 | €202,134 | €299,337 | +€97,203 | +48.1% |
| Fixed assets | 21/28 | €1,812 | €2,551 | +€739 | +40.8% |
| Tangible fixed assets | 22/27 | €1,812 | €2,551 | +€739 | +40.8% |
| Plant, machinery and equipment | 23 | €1,812 | €2,551 | +€739 | +40.8% |
| Current assets | 29/58 | €200,322 | €296,786 | +€96,464 | +48.2% |
| Amounts receivable within one year | 40/41 | €20,939 | €24,943 | +€4,004 | +19.1% |
| Trade receivables | 40 | €20,939 | €24,943 | +€4,004 | +19.1% |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €158,115 | €270,360 | +€112,246 | +71.0% |
| Deferred charges and accrued income | 490/1 | €1,268 | €1,483 | +€214 | +16.9% |
| Total equity and liabilities | 10/49 | €202,134 | €299,337 | +€97,203 | +48.1% |
| Equity | 10/15 | €185,741 | €281,917 | +€96,176 | +51.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,241 | €279,417 | +€96,176 | +52.5% |
| Amounts payable | 17/49 | €16,393 | €17,420 | +€1,027 | +6.3% |
| Amounts payable within one year | 42/48 | €16,393 | €17,420 | +€1,027 | +6.3% |
| Trade debts | 44 | €3,241 | €993 | -€2,248 | -69.4% |
| Suppliers | 440/4 | €3,241 | €993 | -€2,248 | -69.4% |
| Advances received on contracts in progress | 46 | €43 | €0 | -€43 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,754 | €16,403 | +€6,649 | +68.2% |
| Taxes | 450/3 | €9,754 | €16,403 | +€6,649 | +68.2% |
| Other amounts payable | 47/48 | €3,355 | €24 | -€3,331 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,055 | €1,706 | +€651 | +61.7% |
| Other operating charges | 640/8 | €449 | €515 | +€65 | +14.6% |
| Gross operating margin | 9900 | €91,029 | €135,746 | +€44,716 | +49.1% |
| Operating profit (loss) | 9901 | €89,525 | €133,525 | +€44,000 | +49.1% |
| Financial income | 75/76B | €414 | €679 | +€265 | +63.9% |
| Recurring financial income | 75 | €414 | €679 | +€265 | +63.9% |
| Financial charges | 65/66B | €4 | €8,666 | +€8,662 | +224397.2% |
| Recurring financial charges | 65 | €4 | €8,666 | +€8,662 | +224397.2% |
| Profit (loss) for the period before taxes | 9903 | €89,935 | €125,539 | +€35,603 | +39.6% |
| Income taxes | 67/77 | €18,595 | €29,363 | +€10,768 | +57.9% |
| Profit (loss) for the period | 9904 | €71,340 | €96,176 | +€24,836 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,340 | €96,176 | +€24,836 | +34.8% |
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 9 October 2026 via checked.be.