Bobbaerts: 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.
Bobbaerts
Largest movements
- Receivables within one year -€169,662
down €169,662 (-57.9%), from €293,252 to €123,590
of which Trade receivables: -€138,527
- Stocks and contracts +€57,653
up €57,653 (+62.2%), from €92,763 to €150,416
- Cash +€45,054
up €45,054 (+100%), from €44,844 to €89,898
mainly Receivables within one year (+€169,662) and Depreciation (+€1,442)
- Tangible fixed assets +€9,359
up €9,359 (+297%), from €3,148 to €12,507
- Tax, wage and social debts -€26,078
no longer reported in 2025 (was €26,078)
- Trade debts -€10,927
down €10,927 (-12.9%), from €84,722 to €73,795
- Profit (loss) carried forward -€10,591
down €10,591 (-35.4%), from €29,876 to €19,285
- Debts after one year -€10,000
down €10,000 (-20.0%), from €50,000 to €40,000
- Gross operating margin -€368,584
down €368,584, from €356,312 to -€12,272
- Taxes -€79,055
down €79,055, from €79,051 to -€4
- Write-downs -€50,000
no longer reported in 2025 (was €50,000)
- Financial charges -€5,817
down €5,817 (-95.6%), from €6,082 to €265
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 | €564,007 | €506,411 | -€57,596 | -10.2% |
| Fixed assets | 21/28 | €3,148 | €12,507 | +€9,359 | +297% |
| Tangible fixed assets | 22/27 | €3,148 | €12,507 | +€9,359 | +297% |
| Furniture and vehicles | 24 | €3,148 | €12,507 | +€9,359 | +297% |
| Current assets | 29/58 | €560,859 | €493,904 | -€66,955 | -11.9% |
| Amounts receivable after more than one year | 29 | €130,000 | €130,000 | = | 0.0% |
| Other amounts receivable | 291 | €130,000 | €130,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €92,763 | €150,416 | +€57,653 | +62.2% |
| Stocks | 30/36 | €92,763 | €150,416 | +€57,653 | +62.2% |
| Amounts receivable within one year | 40/41 | €293,252 | €123,590 | -€169,662 | -57.9% |
| Trade receivables | 40 | €229,522 | €90,995 | -€138,527 | -60.4% |
| Other amounts receivable | 41 | €63,730 | €32,595 | -€31,135 | -48.9% |
| Cash at bank and in hand | 54/58 | €44,844 | €89,898 | +€45,054 | +100% |
| Total equity and liabilities | 10/49 | €564,007 | €506,411 | -€57,596 | -10.2% |
| Equity | 10/15 | €393,207 | €382,616 | -€10,591 | -2.7% |
| Contributions | 10/11 | €66,700 | €66,700 | = | 0.0% |
| Capital | 10 | €66,700 | €66,700 | = | 0.0% |
| Issued capital | 100 | €66,700 | €66,700 | = | 0.0% |
| Reserves | 13 | €296,631 | €296,631 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,197 | €11,197 | = | 0.0% |
| Legal reserve | 130 | €11,197 | €11,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €74 | €74 | = | 0.0% |
| Distributable reserves | 133 | €285,360 | €285,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,876 | €19,285 | -€10,591 | -35.4% |
| Amounts payable | 17/49 | €170,800 | €123,795 | -€47,005 | -27.5% |
| Amounts payable after more than one year | 17 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Financial debts | 170/4 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Amounts payable within one year | 42/48 | €120,800 | €83,795 | -€37,005 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €84,722 | €73,795 | -€10,927 | -12.9% |
| Suppliers | 440/4 | €84,722 | €73,795 | -€10,927 | -12.9% |
| Taxes, remuneration and social security | 45 | €26,078 | - | -€26,078 | |
| Taxes | 450/3 | €26,078 | - | -€26,078 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849 | €1,442 | +€593 | +69.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,000 | - | -€50,000 | |
| Other operating charges | 640/8 | €89 | €1,332 | +€1,243 | +1,397% |
| Gross operating margin | 9900 | €356,312 | -€12,272 | -€368,584 | |
| Operating profit (loss) | 9901 | €305,374 | -€15,046 | -€320,420 | |
| Financial income | 75/76B | €4,524 | €4,716 | +€192 | +4.2% |
| Recurring financial income | 75 | €4,524 | €4,716 | +€192 | +4.2% |
| Non-recurring financial income | 76B | €4,524 | - | -€4,524 | |
| Financial charges | 65/66B | €6,082 | €265 | -€5,817 | -95.6% |
| Recurring financial charges | 65 | €6,082 | €265 | -€5,817 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | €303,816 | -€10,595 | -€314,411 | |
| Income taxes | 67/77 | €79,051 | -€4 | -€79,055 | |
| Profit (loss) for the period | 9904 | €224,765 | -€10,591 | -€235,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €224,765 | -€10,591 | -€235,356 |
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 13 October 2026 via checked.be.