Boaz: 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.
Boaz
Largest movements
- Receivables within one year +€93,669
up €93,669 (+3,237%), from €2,893 to €96,562
of which Other amounts receivable: +€94,987
- Cash +€26,960
up €26,960 (+254%), from €10,604 to €37,565
mainly Net result for the year (+€121,420) and Tax, wage and social debts (+€6,425)
- Current investments +€10,000
new in 2025: €10,000
- Tangible fixed assets -€2,555
down €2,555 (-21.9%), from €11,661 to €9,106
- Reserves +€97,676
new in 2025: €97,676
- Profit (loss) carried forward +€22,911
up €22,911, from -€22,911 to €0
- Tax, wage and social debts +€6,425
up €6,425 (+180%), from €3,573 to €9,998
- Trade debts +€5,484
up €5,484 (+231%), from €2,371 to €7,855
- Other debts -€5,417
down €5,417 (-13.2%), from €41,000 to €35,583
- Financial income +€115,045
new in 2025: €115,045
- Gross operating margin +€28,859
up €28,859, from -€14,763 to €14,095
- Financial charges -€1,701
down €1,701 (-33.7%), from €5,043 to €3,342
- Depreciation +€1,442
up €1,442 (+130%), from €1,113 to €2,555
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.
Derived cash bridge
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 | €26,533 | €153,611 | +€127,079 | +479% |
| Fixed assets | 21/28 | €11,662 | €9,107 | -€2,555 | -21.9% |
| Tangible fixed assets | 22/27 | €11,661 | €9,106 | -€2,555 | -21.9% |
| Plant, machinery and equipment | 23 | €11,661 | €9,106 | -€2,555 | -21.9% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €14,871 | €144,504 | +€129,633 | +872% |
| Amounts receivable within one year | 40/41 | €2,893 | €96,562 | +€93,669 | +3,237% |
| Trade receivables | 40 | €2,262 | €945 | -€1,318 | -58.2% |
| Other amounts receivable | 41 | €631 | €95,617 | +€94,987 | +15,057% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €10,604 | €37,565 | +€26,960 | +254% |
| Deferred charges and accrued income | 490/1 | €1,373 | €378 | -€996 | -72.5% |
| Total equity and liabilities | 10/49 | €26,533 | €153,611 | +€127,079 | +479% |
| Equity | 10/15 | -€20,411 | €100,176 | +€120,587 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €97,676 | +€97,676 | |
| Distributable reserves | 133 | - | €97,676 | +€97,676 | |
| Profit (loss) carried forward | 14 | -€22,911 | €0 | +€22,911 | |
| Amounts payable | 17/49 | €46,944 | €53,435 | +€6,491 | +13.8% |
| Amounts payable within one year | 42/48 | €46,944 | €53,435 | +€6,491 | +13.8% |
| Trade debts | 44 | €2,371 | €7,855 | +€5,484 | +231% |
| Suppliers | 440/4 | €2,371 | €7,855 | +€5,484 | +231% |
| Taxes, remuneration and social security | 45 | €3,573 | €9,998 | +€6,425 | +180% |
| Taxes | 450/3 | €3,573 | €9,998 | +€6,425 | +180% |
| Other amounts payable | 47/48 | €41,000 | €35,583 | -€5,417 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,113 | €2,555 | +€1,442 | +130% |
| Other operating charges | 640/8 | €1,742 | €1,609 | -€134 | -7.7% |
| Gross operating margin | 9900 | -€14,763 | €14,095 | +€28,859 | |
| Operating profit (loss) | 9901 | -€17,618 | €9,932 | +€27,550 | |
| Financial income | 75/76B | - | €115,045 | +€115,045 | |
| Recurring financial income | 75 | - | €115,045 | +€115,045 | |
| Financial charges | 65/66B | €5,043 | €3,342 | -€1,701 | -33.7% |
| Recurring financial charges | 65 | €5,043 | €3,342 | -€1,701 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,661 | €121,635 | +€144,296 | |
| Income taxes | 67/77 | €250 | €215 | -€35 | -14.1% |
| Profit (loss) for the period | 9904 | -€22,911 | €121,420 | +€144,332 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,911 | €121,420 | +€144,332 |
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 15 October 2026 via checked.be.