BOCA GROUPAGES & SERVICES: what changed
What changed
BOCA GROUPAGES & SERVICES
NACE 50.100, Water transport
filed annual accounts (NBB)
Net result for the year
-€212,377
2024 · -€105,084-€107,292
Equity
€15,632
2024 · €232,327-€216,695
Cash
€431
2024 · €10,466-€10,035
Balance sheet total
€491,735
2024 · €357,315+€134,419
Largest movements
Assets
- Receivables within one year +€147,526
up €147,526 (+47.0%), from €313,935 to €461,461
of which Trade receivables: +€136,686
- Cash -€10,035
down €10,035 (-95.9%), from €10,466 to €431
mainly Net result for the year (-€212,377) and Receivables within one year (-€147,526)
- Tangible fixed assets -€7,398
down €7,398 (-62.5%), from €11,841 to €4,443
of which Furniture and vehicles: -€7,906
Equity and liabilities
- Trade debts +€338,520
new in 2025: €338,520
- Profit (loss) carried forward -€212,377
down €212,377 (-95.7%), from €221,809 to €9,432
- Advances received +€23,229
new in 2025: €23,229
- Current portion of long-term debt -€17,472
down €17,472 (-83.5%), from €20,937 to €3,465
- Tax, wage and social debts +€5,679
up €5,679 (+5.6%), from €100,587 to €106,266
of which Remuneration and social security: +€11,617
Income statement
- Turnover -€820,276
no longer reported in 2025 (was €820,276)
- Purchases and services -€772,474
no longer reported in 2025 (was €772,474)
- Gross operating margin -€91,027
down €91,027, from €47,803 to -€43,225
- Staff costs +€50,830
up €50,830 (+82.0%), from €61,969 to €112,799
- Taxes -€47,989
down €47,989 (-64.1%), from €74,850 to €26,861
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€105,084
Gross operating margin
-€91,027
Staff costs
-€50,830
Depreciation
+€6,664
Other operating charges
-€11,603
Financial income
+€1,211
Financial charges
-€9,697
Taxes
+€47,989
Result 2025
-€212,377
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€19,200
Investment
-€4,111
Financing
-€25,124
Cash 2024
€10,466
From operations (derived)
+€19,200
Net result for the year
-€212,377
Depreciation
+€11,509
Receivables within one year
-€147,526
Deferred charges and accrued income
-€4,327
Trade debts
+€338,520
Tax, wage and social debts
+€5,679
Advances received
+€23,229
Accrued charges and deferred income
+€4,492
Investment (derived)
-€4,111
Investment in fixed assets (net)
-€4,111
Financing
-€25,124
Debts after one year
-€3,465
Current portion of long-term debt
-€17,472
Short-term financial debts
+€131
Contributions, distributions and other
-€4,318
Cash 2025
€431
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,315 | €491,735 | +€134,419 | +37.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €32,841 | €25,443 | -€7,398 | -22.5% |
| Tangible fixed assets | 22/27 | €11,841 | €4,443 | -€7,398 | -62.5% |
| Plant, machinery and equipment | 23 | - | €744 | +€744 | |
| Furniture and vehicles | 24 | €11,131 | €3,225 | -€7,906 | -71.0% |
| Other tangible fixed assets | 26 | €710 | €473 | -€237 | -33.3% |
| Financial fixed assets | 28 | €21,000 | €21,000 | = | 0.0% |
| Current assets | 29/58 | €324,474 | €466,292 | +€141,818 | +43.7% |
| Amounts receivable within one year | 40/41 | €313,935 | €461,461 | +€147,526 | +47.0% |
| Trade receivables | 40 | €196,790 | €333,476 | +€136,686 | +69.5% |
| Other amounts receivable | 41 | €117,146 | €127,985 | +€10,840 | +9.3% |
| Cash at bank and in hand | 54/58 | €10,466 | €431 | -€10,035 | -95.9% |
| Deferred charges and accrued income | 490/1 | €73 | €4,400 | +€4,327 | +5,938% |
| Total equity and liabilities | 10/49 | €357,315 | €491,735 | +€134,419 | +37.6% |
| Equity | 10/15 | €232,327 | €15,632 | -€216,695 | -93.3% |
| Contributions | 10/11 | €10,518 | €6,200 | -€4,318 | -41.1% |
| Contributions outside capital | 11 | €10,518 | - | -€10,518 | |
| Share premium | 1100/10 | €10,518 | - | -€10,518 | |
| Profit (loss) carried forward | 14 | €221,809 | €9,432 | -€212,377 | -95.7% |
| Amounts payable | 17/49 | €124,988 | €476,102 | +€351,114 | +281% |
| Amounts payable after more than one year | 17 | €3,465 | - | -€3,465 | |
| Financial debts | 170/4 | €3,465 | - | -€3,465 | |
| Amounts payable within one year | 42/48 | €121,523 | €471,610 | +€350,087 | +288% |
| Current portion of amounts payable after more than one year | 42 | €20,937 | €3,465 | -€17,472 | -83.5% |
| Financial debts | 43 | - | €131 | +€131 | |
| Credit institutions | 430/8 | - | €131 | +€131 | |
| Trade debts | 44 | - | €338,520 | +€338,520 | |
| Suppliers | 440/4 | - | €338,520 | +€338,520 | |
| Advances received on contracts in progress | 46 | - | €23,229 | +€23,229 | |
| Taxes, remuneration and social security | 45 | €100,587 | €106,266 | +€5,679 | +5.6% |
| Taxes | 450/3 | €100,587 | €94,648 | -€5,938 | -5.9% |
| Remuneration and social security | 454/9 | - | €11,617 | +€11,617 | |
| Accrued charges and deferred income | 492/3 | - | €4,492 | +€4,492 | |
| Turnover | 70 | €820,276 | - | -€820,276 | |
| Non-recurring operating income | 76A | - | €43,439 | +€43,439 | |
| Goods, raw materials, services and sundry goods | 60/61 | €772,474 | - | -€772,474 | |
| Remuneration, social security and pensions | 62 | €61,969 | €112,799 | +€50,830 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,173 | €11,509 | -€6,664 | -36.7% |
| Other operating charges | 640/8 | €313 | €11,915 | +€11,603 | +3,712% |
| Gross operating margin | 9900 | €47,803 | -€43,225 | -€91,027 | |
| Operating profit (loss) | 9901 | -€32,652 | -€179,448 | -€146,796 | -450% |
| Financial income | 75/76B | €3,996 | €5,207 | +€1,211 | +30.3% |
| Recurring financial income | 75 | €3,996 | €5,207 | +€1,211 | +30.3% |
| Financial charges | 65/66B | €1,578 | €11,275 | +€9,697 | +614% |
| Recurring financial charges | 65 | €2,578 | €11,275 | +€8,696 | +337% |
| Non-recurring financial charges | 66B | -€1,000 | - | +€1,000 | |
| Profit (loss) for the period before taxes | 9903 | -€30,234 | -€185,516 | -€155,282 | -514% |
| Income taxes | 67/77 | €74,850 | €26,861 | -€47,989 | -64.1% |
| Profit (loss) for the period | 9904 | -€105,084 | -€212,377 | -€107,292 | -102% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,084 | -€212,377 | -€107,292 | -102% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.