BOCA-BERNAERTS: 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.
BOCA-BERNAERTS
Largest movements
- Cash +€24,430
up €24,430 (+437%), from €5,587 to €30,018
mainly Depreciation (+€60,546) and Receivables within one year (+€17,211)
- Receivables within one year -€17,211
down €17,211 (-27.7%), from €62,040 to €44,829
of which Trade receivables: -€21,109
- Tangible fixed assets -€16,500
down €16,500 (-1.6%), from €1.0m to €996,905
of which Land and buildings: -€20,159
- Debts after one year -€64,507
down €64,507 (-7.5%), from €859,135 to €794,629
- Trade debts +€14,824
up €14,824 (+2,399%), from €618 to €15,442
- Current portion of long-term debt +€11,623
up €11,623 (+18.4%), from €63,334 to €74,958
- Advances received +€10,900
up €10,900 (+29.1%), from €37,500 to €48,400
- Gross operating margin +€51,845
up €51,845 (+96.5%), from €53,710 to €105,555
- Depreciation +€19,210
up €19,210 (+46.5%), from €41,336 to €60,546
- Purchases and services -€6,636
no longer reported in 2025 (was €6,636)
- Financial charges +€6,398
up €6,398 (+26.0%), from €24,630 to €31,027
- Other operating charges +€3,310
up €3,310 (+4,612%), from €72 to €3,382
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 | €1,081,257 | €1,071,972 | -€9,285 | -0.9% |
| Fixed assets | 21/28 | €1,013,405 | €996,905 | -€16,500 | -1.6% |
| Tangible fixed assets | 22/27 | €1,013,405 | €996,905 | -€16,500 | -1.6% |
| Land and buildings | 22 | €1,013,405 | €993,246 | -€20,159 | -2.0% |
| Furniture and vehicles | 24 | - | €3,659 | +€3,659 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €67,852 | €75,067 | +€7,215 | +10.6% |
| Amounts receivable within one year | 40/41 | €62,040 | €44,829 | -€17,211 | -27.7% |
| Trade receivables | 40 | €60,000 | €38,891 | -€21,109 | -35.2% |
| Other amounts receivable | 41 | €2,040 | €5,938 | +€3,898 | +191% |
| Cash at bank and in hand | 54/58 | €5,587 | €30,018 | +€24,430 | +437% |
| Deferred charges and accrued income | 490/1 | €224 | €220 | -€4 | -2.0% |
| Total equity and liabilities | 10/49 | €1,081,257 | €1,071,972 | -€9,285 | -0.9% |
| Equity | 10/15 | -€9,222 | €1,541 | +€10,763 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,222 | -€48,459 | +€10,763 | +18.2% |
| Amounts payable | 17/49 | €1,090,478 | €1,070,431 | -€20,048 | -1.8% |
| Amounts payable after more than one year | 17 | €859,135 | €794,629 | -€64,507 | -7.5% |
| Financial debts | 170/4 | €859,135 | €794,629 | -€64,507 | -7.5% |
| Amounts payable within one year | 42/48 | €231,343 | €275,802 | +€44,459 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €63,334 | €74,958 | +€11,623 | +18.4% |
| Trade debts | 44 | €618 | €15,442 | +€14,824 | +2,399% |
| Suppliers | 440/4 | €618 | €15,442 | +€14,824 | +2,399% |
| Advances received on contracts in progress | 46 | €37,500 | €48,400 | +€10,900 | +29.1% |
| Taxes, remuneration and social security | 45 | €3,521 | €5,383 | +€1,862 | +52.9% |
| Taxes | 450/3 | €3,521 | €5,383 | +€1,862 | +52.9% |
| Other amounts payable | 47/48 | €126,370 | €131,619 | +€5,249 | +4.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,636 | - | -€6,636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,336 | €60,546 | +€19,210 | +46.5% |
| Other operating charges | 640/8 | €72 | €3,382 | +€3,310 | +4,612% |
| Gross operating margin | 9900 | €53,710 | €105,555 | +€51,845 | +96.5% |
| Operating profit (loss) | 9901 | €12,303 | €41,628 | +€29,325 | +238% |
| Financial income | 75/76B | - | €163 | +€163 | |
| Recurring financial income | 75 | - | €163 | +€163 | |
| Financial charges | 65/66B | €24,630 | €31,027 | +€6,398 | +26.0% |
| Recurring financial charges | 65 | €24,630 | €31,027 | +€6,398 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,327 | €10,763 | +€23,090 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€12,327 | €10,763 | +€23,090 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,327 | €10,763 | +€23,090 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.