Boca: 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.
Boca
Largest movements
- Cash -€139,803
down €139,803 (-82.3%), from €169,867 to €30,064
mainly Investment in fixed assets (net) (-€87,987) and Net result for the year (-€40,863)
- Tangible fixed assets +€49,008
up €49,008 (+42.8%), from €114,491 to €163,499
of which Plant, machinery and equipment: +€64,135
- Receivables within one year -€22,654
down €22,654 (-54.5%), from €41,599 to €18,945
of which Trade receivables: -€14,545
- Deferred charges and accrued income +€4,122
up €4,122, from €0 to €4,122
- Stocks and contracts +€3,910
up €3,910 (+315.3%), from €1,240 to €5,150
- Profit (loss) carried forward -€40,863
down €40,863 (-24.2%), from €168,637 to €127,774
- Tax, wage and social debts -€32,468
down €32,468 (-53.0%), from €61,307 to €28,839
of which Taxes: -€34,275
- Trade debts -€17,691
down €17,691 (-56.9%), from €31,100 to €13,409
- Debts after one year -€13,617
down €13,617 (-44.6%), from €30,529 to €16,912
- Gross operating margin -€110,128
down €110,128 (-79.9%), from €137,879 to €27,751
- Taxes -€30,155
down €30,155, from €24,203 to -€5,952
- Staff costs +€26,677
up €26,677, from €0 to €26,677
- Other operating charges -€9,018
down €9,018 (-60.8%), from €14,838 to €5,820
- Depreciation +€6,571
up €6,571 (+20.3%), from €32,408 to €38,979
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 | €327,197 | €221,780 | -€105,417 | -32.2% |
| Fixed assets | 21/28 | €114,491 | €163,499 | +€49,008 | +42.8% |
| Tangible fixed assets | 22/27 | €114,491 | €163,499 | +€49,008 | +42.8% |
| Plant, machinery and equipment | 23 | €46,230 | €110,365 | +€64,135 | +138.7% |
| Furniture and vehicles | 24 | €68,261 | €53,134 | -€15,127 | -22.2% |
| Current assets | 29/58 | €212,706 | €58,281 | -€154,425 | -72.6% |
| Stocks and contracts in progress | 3 | €1,240 | €5,150 | +€3,910 | +315.3% |
| Stocks | 30/36 | €1,240 | €5,150 | +€3,910 | +315.3% |
| Amounts receivable within one year | 40/41 | €41,599 | €18,945 | -€22,654 | -54.5% |
| Trade receivables | 40 | €33,490 | €18,945 | -€14,545 | -43.4% |
| Other amounts receivable | 41 | €8,110 | €0 | -€8,110 | -100.0% |
| Cash at bank and in hand | 54/58 | €169,867 | €30,064 | -€139,803 | -82.3% |
| Deferred charges and accrued income | 490/1 | €0 | €4,122 | +€4,122 | |
| Total equity and liabilities | 10/49 | €327,197 | €221,780 | -€105,417 | -32.2% |
| Equity | 10/15 | €171,137 | €130,274 | -€40,863 | -23.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,637 | €127,774 | -€40,863 | -24.2% |
| Amounts payable | 17/49 | €156,060 | €91,506 | -€64,554 | -41.4% |
| Amounts payable after more than one year | 17 | €30,529 | €16,912 | -€13,617 | -44.6% |
| Financial debts | 170/4 | €30,529 | €16,912 | -€13,617 | -44.6% |
| Amounts payable within one year | 42/48 | €125,514 | €74,577 | -€50,937 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €12,836 | €13,617 | +€781 | +6.1% |
| Trade debts | 44 | €31,100 | €13,409 | -€17,691 | -56.9% |
| Suppliers | 440/4 | €31,100 | €13,409 | -€17,691 | -56.9% |
| Taxes, remuneration and social security | 45 | €61,307 | €28,839 | -€32,468 | -53.0% |
| Taxes | 450/3 | €59,307 | €25,032 | -€34,275 | -57.8% |
| Remuneration and social security | 454/9 | €2,000 | €3,807 | +€1,807 | +90.4% |
| Other amounts payable | 47/48 | €20,272 | €18,712 | -€1,560 | -7.7% |
| Accrued charges and deferred income | 492/3 | €17 | €17 | +€0 | +1.0% |
| Remuneration, social security and pensions | 62 | €0 | €26,677 | +€26,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,408 | €38,979 | +€6,571 | +20.3% |
| Other operating charges | 640/8 | €14,838 | €5,820 | -€9,018 | -60.8% |
| Gross operating margin | 9900 | €137,879 | €27,751 | -€110,128 | -79.9% |
| Operating profit (loss) | 9901 | €90,633 | -€43,725 | -€134,358 | |
| Financial income | 75/76B | €25 | €46 | +€21 | +81.7% |
| Recurring financial income | 75 | €25 | €46 | +€21 | +81.7% |
| Financial charges | 65/66B | €3,504 | €3,136 | -€368 | -10.5% |
| Recurring financial charges | 65 | €3,504 | €3,136 | -€368 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €87,155 | -€46,815 | -€133,970 | |
| Income taxes | 67/77 | €24,203 | -€5,952 | -€30,155 | |
| Profit (loss) for the period | 9904 | €62,952 | -€40,863 | -€103,815 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,952 | -€40,863 | -€103,815 |
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 7 October 2026 via checked.be.