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Boardplus: 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

Boardplus

BE 0791.280.468
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€108,328
2024 · €109,909-€1,581
Equity
€309,860
2024 · €201,532+€108,328
Cash
€296,613
2024 · €80,994+€215,619
Balance sheet total
€418,845
2024 · €332,409+€86,436

Largest movements

2024 to 2025
Assets
  • Cash +€215,619

    up €215,619 (+266.2%), from €80,994 to €296,613

    mainly Current investments (+€125,000) and Net result for the year (+€108,328)

  • Current investments -€125,000

    no longer reported in 2025 (was €125,000)

  • Tangible fixed assets -€28,432

    down €28,432 (-27.9%), from €101,864 to €73,433

    of which Furniture and vehicles: -€45,932

  • Intangible fixed assets +€22,500

    new in 2025: €22,500

Equity and liabilities
  • Profit (loss) carried forward +€108,328

    up €108,328 (+59.7%), from €181,532 to €289,860

  • Debts after one year -€21,297

    no longer reported in 2025 (was €21,297)

  • Tax, wage and social debts +€7,374

    up €7,374 (+16.3%), from €45,242 to €52,616

  • Current portion of long-term debt -€5,722

    down €5,722 (-21.2%), from €27,019 to €21,297

Income statement
  • Purchases and services -€242,283

    no longer reported in 2025 (was €242,283)

  • Gross operating margin +€16,339

    up €16,339 (+9.9%), from €165,217 to €181,555

  • Other operating charges +€13,832

    up €13,832 (+1185.0%), from €1,167 to €14,999

  • Depreciation +€4,334

    up €4,334 (+21.0%), from €20,613 to €24,947

  • Taxes +€3,130

    up €3,130 (+10.6%), from €29,551 to €32,681

From the 2024 result to the 2025 result

effect on the 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 €109,909
Gross operating margin +€16,339
Depreciation -€4,334
Other operating charges -€13,832
Financial income +€2,280
Financial charges +€1,095
Taxes -€3,130
Result 2025 €108,328

Cash bridge derived

cash 2024 to 2025

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 +€136,653
Investment +€105,985
Financing -€27,019
Cash 2024 €80,994
Net result for the year +€108,328
Depreciation +€24,947
Receivables within one year -€1,268
Deferred charges and accrued income -€481
Trade debts -€2,247
Tax, wage and social debts +€7,374
Investment in fixed assets (net) -€19,015
Current investments +€125,000
Debts after one year -€21,297
Current portion of long-term debt -€5,722
Cash 2025 €296,613
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €332,409 €418,845 +€86,436 +26.0%
Fixed assets 21/28 €101,864 €95,933 -€5,932 -5.8%
Intangible fixed assets 21 - €22,500 +€22,500
Tangible fixed assets 22/27 €101,864 €73,433 -€28,432 -27.9%
Furniture and vehicles 24 €101,864 €55,933 -€45,932 -45.1%
Other tangible fixed assets 26 - €17,500 +€17,500
Current assets 29/58 €230,545 €322,912 +€92,367 +40.1%
Amounts receivable within one year 40/41 €24,551 €25,818 +€1,268 +5.2%
Trade receivables 40 €24,073 €18,570 -€5,503 -22.9%
Other amounts receivable 41 €478 €7,248 +€6,771 +1416.7%
Current investments 50/53 €125,000 - -€125,000
Cash at bank and in hand 54/58 €80,994 €296,613 +€215,619 +266.2%
Deferred charges and accrued income 490/1 - €481 +€481
Total equity and liabilities 10/49 €332,409 €418,845 +€86,436 +26.0%
Equity 10/15 €201,532 €309,860 +€108,328 +53.8%
Contributions 10/11 €20,000 €20,000 = 0.0%
Profit (loss) carried forward 14 €181,532 €289,860 +€108,328 +59.7%
Amounts payable 17/49 €130,877 €108,985 -€21,892 -16.7%
Amounts payable after more than one year 17 €21,297 - -€21,297
Other amounts payable 178/9 €21,297 - -€21,297
Amounts payable within one year 42/48 €109,580 €108,985 -€595 -0.5%
Current portion of amounts payable after more than one year 42 €27,019 €21,297 -€5,722 -21.2%
Trade debts 44 €37,319 €35,071 -€2,247 -6.0%
Suppliers 440/4 €37,319 €35,071 -€2,247 -6.0%
Taxes, remuneration and social security 45 €45,242 €52,616 +€7,374 +16.3%
Taxes 450/3 €45,242 €52,616 +€7,374 +16.3%
Goods, raw materials, services and sundry goods 60/61 €242,283 - -€242,283
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €20,613 €24,947 +€4,334 +21.0%
Other operating charges 640/8 €1,167 €14,999 +€13,832 +1185.0%
Gross operating margin 9900 €165,217 €181,555 +€16,339 +9.9%
Operating profit (loss) 9901 €143,437 €141,610 -€1,827 -1.3%
Financial income 75/76B €35 €2,316 +€2,280 +6487.8%
Recurring financial income 75 €35 €2,316 +€2,280 +6487.8%
Financial charges 65/66B €4,012 €2,916 -€1,095 -27.3%
Recurring financial charges 65 €4,012 €2,916 -€1,095 -27.3%
Profit (loss) for the period before taxes 9903 €139,460 €141,009 +€1,549 +1.1%
Income taxes 67/77 €29,551 €32,681 +€3,130 +10.6%
Profit (loss) for the period 9904 €109,909 €108,328 -€1,581 -1.4%
Profit (loss) for the period to be appropriated 9905 €109,909 €108,328 -€1,581 -1.4%

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 29 September 2026 via checked.be.