BoBat: 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.
BoBat
Largest movements
- Cash +€95,436
up €95,436 (+1139.8%), from €8,373 to €103,809
mainly Stocks and contracts (+€89,787) and Net result for the year (+€84,265)
- Stocks and contracts -€89,787
down €89,787 (-44.4%), from €202,049 to €112,262
- Tangible fixed assets +€33,721
up €33,721 (+24.9%), from €135,586 to €169,307
of which Other tangible fixed assets: +€34,495
- Receivables within one year -€19,042
down €19,042 (-38.7%), from €49,157 to €30,114
of which Trade receivables: -€24,781
- Deferred charges and accrued income +€9,612
up €9,612 (+2311.1%), from €416 to €10,027
- Reserves +€84,265
up €84,265 (+64.4%), from €130,809 to €215,074
- Accrued charges and deferred income -€61,540
down €61,540 (-89.0%), from €69,173 to €7,633
- Advances received -€26,132
down €26,132 (-100.0%), from €26,132 to €0
- Short-term financial debts +€24,889
up €24,889 (+177.8%), from €14,000 to €38,889
- Tax, wage and social debts +€22,038
up €22,038 (+100.3%), from €21,978 to €44,016
- Gross operating margin -€70,744
down €70,744 (-30.8%), from €229,543 to €158,798
- Taxes -€25,176
down €25,176 (-42.5%), from €59,174 to €33,998
- Depreciation +€6,252
up €6,252 (+23.7%), from €26,433 to €32,684
- Other operating charges -€3,912
down €3,912 (-54.6%), from €7,162 to €3,250
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 | €395,581 | €425,520 | +€29,940 | +7.6% |
| Fixed assets | 21/28 | €135,586 | €169,307 | +€33,721 | +24.9% |
| Tangible fixed assets | 22/27 | €135,586 | €169,307 | +€33,721 | +24.9% |
| Land and buildings | 22 | €5,776 | €8,816 | +€3,040 | +52.6% |
| Plant, machinery and equipment | 23 | €19,999 | €20,361 | +€362 | +1.8% |
| Furniture and vehicles | 24 | €38,919 | €34,743 | -€4,176 | -10.7% |
| Other tangible fixed assets | 26 | €70,892 | €105,387 | +€34,495 | +48.7% |
| Current assets | 29/58 | €259,995 | €256,213 | -€3,782 | -1.5% |
| Stocks and contracts in progress | 3 | €202,049 | €112,262 | -€89,787 | -44.4% |
| Stocks | 30/36 | €202,049 | €112,262 | -€89,787 | -44.4% |
| Amounts receivable within one year | 40/41 | €49,157 | €30,114 | -€19,042 | -38.7% |
| Trade receivables | 40 | €48,782 | €24,001 | -€24,781 | -50.8% |
| Other amounts receivable | 41 | €374 | €6,113 | +€5,739 | +1532.6% |
| Cash at bank and in hand | 54/58 | €8,373 | €103,809 | +€95,436 | +1139.8% |
| Deferred charges and accrued income | 490/1 | €416 | €10,027 | +€9,612 | +2311.1% |
| Total equity and liabilities | 10/49 | €395,581 | €425,520 | +€29,940 | +7.6% |
| Equity | 10/15 | €135,809 | €220,074 | +€84,265 | +62.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €130,809 | €215,074 | +€84,265 | +64.4% |
| Distributable reserves | 133 | €130,809 | €215,074 | +€84,265 | +64.4% |
| Amounts payable | 17/49 | €259,772 | €205,446 | -€54,326 | -20.9% |
| Amounts payable after more than one year | 17 | €53,311 | €35,740 | -€17,572 | -33.0% |
| Financial debts | 170/4 | €53,311 | €35,740 | -€17,572 | -33.0% |
| Amounts payable within one year | 42/48 | €137,288 | €162,074 | +€24,786 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €16,736 | €17,572 | +€836 | +5.0% |
| Financial debts | 43 | €14,000 | €38,889 | +€24,889 | +177.8% |
| Other loans | 439 | €14,000 | €38,889 | +€24,889 | +177.8% |
| Trade debts | 44 | €41,429 | €30,252 | -€11,176 | -27.0% |
| Suppliers | 440/4 | €41,429 | €30,252 | -€11,176 | -27.0% |
| Advances received on contracts in progress | 46 | €26,132 | €0 | -€26,132 | -100.0% |
| Taxes, remuneration and social security | 45 | €21,978 | €44,016 | +€22,038 | +100.3% |
| Taxes | 450/3 | €21,978 | €44,016 | +€22,038 | +100.3% |
| Other amounts payable | 47/48 | €17,014 | €31,345 | +€14,331 | +84.2% |
| Accrued charges and deferred income | 492/3 | €69,173 | €7,633 | -€61,540 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,433 | €32,684 | +€6,252 | +23.7% |
| Other operating charges | 640/8 | €7,162 | €3,250 | -€3,912 | -54.6% |
| Gross operating margin | 9900 | €229,543 | €158,798 | -€70,744 | -30.8% |
| Operating profit (loss) | 9901 | €195,948 | €122,864 | -€73,084 | -37.3% |
| Financial income | 75/76B | €568 | €354 | -€214 | -37.6% |
| Recurring financial income | 75 | €568 | €354 | -€214 | -37.6% |
| Financial charges | 65/66B | €6,533 | €4,955 | -€1,578 | -24.2% |
| Recurring financial charges | 65 | €6,533 | €4,955 | -€1,578 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €189,983 | €118,264 | -€71,719 | -37.8% |
| Income taxes | 67/77 | €59,174 | €33,998 | -€25,176 | -42.5% |
| Profit (loss) for the period | 9904 | €130,809 | €84,265 | -€46,543 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €130,809 | €84,265 | -€46,543 | -35.6% |
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 2 October 2026 via checked.be.