BOBRUSH: 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.
BOBRUSH
Largest movements
- Stocks and contracts -€291,098
down €291,098 (-9.9%), from €2.9m to €2.6m
- Receivables within one year -€208,406
down €208,406 (-23.1%), from €901,474 to €693,068
of which Trade receivables: -€134,886
- Cash +€71,409
up €71,409 (+291.3%), from €24,512 to €95,920
mainly Debts after one year (+€325,504) and Stocks and contracts (+€291,098)
- Tangible fixed assets -€48,435
down €48,435 (-25.8%), from €187,392 to €138,957
of which Plant, machinery and equipment: -€41,988
- Other debts -€523,882
down €523,882 (-95.6%), from €547,751 to €23,870
- Debts after one year +€325,504
up €325,504 (+109.0%), from €298,674 to €624,178
- Profit (loss) carried forward -€201,373
down €201,373 (-48.3%), from €417,075 to €215,703
- Trade debts -€71,809
down €71,809 (-9.2%), from €783,615 to €711,805
- Gross operating margin -€585,568
down €585,568 (-39.6%), from €1.5m to €891,325
- Staff costs -€331,706
down €331,706 (-28.8%), from €1.2m to €820,194
- Financial charges -€82,417
down €82,417 (-34.5%), from €239,174 to €156,757
- Depreciation -€63,867
down €63,867 (-40.8%), from €156,429 to €92,562
- Taxes +€44,316
up €44,316, from -€44,053 to €263
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,100,298 | €3,626,123 | -€474,176 | -11.6% |
| Formation expenses | 20 | €12,237 | €5,716 | -€6,522 | -53.3% |
| Fixed assets | 21/28 | €230,025 | €185,788 | -€44,237 | -19.2% |
| Intangible fixed assets | 21 | €40,832 | €46,831 | +€5,999 | +14.7% |
| Tangible fixed assets | 22/27 | €187,392 | €138,957 | -€48,435 | -25.8% |
| Plant, machinery and equipment | 23 | €159,400 | €117,413 | -€41,988 | -26.3% |
| Furniture and vehicles | 24 | €15,139 | €12,992 | -€2,148 | -14.2% |
| Leasing and similar rights | 25 | €12,853 | €8,553 | -€4,300 | -33.5% |
| Financial fixed assets | 28 | €1,800 | €0 | -€1,800 | -100.0% |
| Current assets | 29/58 | €3,858,036 | €3,434,619 | -€423,417 | -11.0% |
| Stocks and contracts in progress | 3 | €2,932,050 | €2,640,952 | -€291,098 | -9.9% |
| Stocks | 30/36 | €2,932,050 | €2,640,952 | -€291,098 | -9.9% |
| Amounts receivable within one year | 40/41 | €901,474 | €693,068 | -€208,406 | -23.1% |
| Trade receivables | 40 | €786,844 | €651,958 | -€134,886 | -17.1% |
| Other amounts receivable | 41 | €114,630 | €41,110 | -€73,520 | -64.1% |
| Cash at bank and in hand | 54/58 | €24,512 | €95,920 | +€71,409 | +291.3% |
| Deferred charges and accrued income | 490/1 | - | €4,679 | +€4,679 | |
| Total equity and liabilities | 10/49 | €4,100,298 | €3,626,123 | -€474,176 | -11.6% |
| Equity | 10/15 | €829,733 | €628,360 | -€201,373 | -24.3% |
| Contributions | 10/11 | €260,234 | €260,234 | = | 0.0% |
| Reserves | 13 | €152,423 | €152,423 | = | 0.0% |
| Tax-exempt reserves | 132 | €120,795 | €120,795 | = | 0.0% |
| Distributable reserves | 133 | €31,628 | €31,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | €417,075 | €215,703 | -€201,373 | -48.3% |
| Amounts payable | 17/49 | €3,270,565 | €2,997,762 | -€272,803 | -8.3% |
| Amounts payable after more than one year | 17 | €298,674 | €624,178 | +€325,504 | +109.0% |
| Financial debts | 170/4 | €298,674 | €624,178 | +€325,504 | +109.0% |
| Amounts payable within one year | 42/48 | €2,971,891 | €2,373,584 | -€598,307 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €92,356 | €74,496 | -€17,861 | -19.3% |
| Financial debts | 43 | €1,424,390 | €1,428,140 | +€3,750 | +0.3% |
| Credit institutions | 430/8 | €1,424,390 | €1,428,140 | +€3,750 | +0.3% |
| Trade debts | 44 | €783,615 | €711,805 | -€71,809 | -9.2% |
| Suppliers | 440/4 | €783,615 | €711,805 | -€71,809 | -9.2% |
| Taxes, remuneration and social security | 45 | €123,779 | €135,273 | +€11,494 | +9.3% |
| Taxes | 450/3 | €57,005 | €88,836 | +€31,831 | +55.8% |
| Remuneration and social security | 454/9 | €66,774 | €46,437 | -€20,336 | -30.5% |
| Other amounts payable | 47/48 | €547,751 | €23,870 | -€523,882 | -95.6% |
| Remuneration, social security and pensions | 62 | €1,151,900 | €820,194 | -€331,706 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,429 | €92,562 | -€63,867 | -40.8% |
| Other operating charges | 640/8 | €12,657 | €4,568 | -€8,089 | -63.9% |
| Non-recurring operating charges | 66A | €5,390 | €24,278 | +€18,888 | +350.4% |
| Gross operating margin | 9900 | €1,476,892 | €891,325 | -€585,568 | -39.6% |
| Operating profit (loss) | 9901 | €150,516 | -€50,277 | -€200,793 | |
| Financial income | 75/76B | €25,973 | €5,925 | -€20,048 | -77.2% |
| Recurring financial income | 75 | €25,973 | €5,925 | -€20,048 | -77.2% |
| Financial charges | 65/66B | €239,174 | €156,757 | -€82,417 | -34.5% |
| Recurring financial charges | 65 | €239,174 | €156,757 | -€82,417 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | -€62,685 | -€201,109 | -€138,424 | -220.8% |
| Income taxes | 67/77 | -€44,053 | €263 | +€44,316 | |
| Profit (loss) for the period | 9904 | -€18,632 | -€201,373 | -€182,741 | -980.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,632 | -€201,373 | -€182,741 | -980.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.