Boca Management: 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 Management
Largest movements
- Current investments +€39,357
up €39,357 (+23.2%), from €170,000 to €209,357
- Tangible fixed assets -€15,893
down €15,893 (-23.0%), from €68,981 to €53,087
- Cash +€13,868
up €13,868 (+69.5%), from €19,943 to €33,811
mainly Other debts (+€90,439) and Net result for the year (+€66,722)
- Receivables within one year -€10,684
down €10,684 (-24.8%), from €43,135 to €32,451
of which Other amounts receivable: -€10,000
- Other debts +€90,439
up €90,439 (+833%), from €10,857 to €101,296
- Reserves -€33,278
down €33,278 (-17.1%), from €194,102 to €160,824
- Debts after one year -€15,352
down €15,352 (-33.4%), from €46,006 to €30,654
- Tax, wage and social debts -€15,140
down €15,140 (-55.8%), from €27,108 to €11,968
- Gross operating margin -€5,065
down €5,065 (-4.5%), from €113,192 to €108,127
- Financial income -€3,140
down €3,140 (-50.8%), from €6,183 to €3,043
- Taxes +€2,875
up €2,875 (+14.2%), from €20,195 to €23,070
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 | €305,477 | €332,208 | +€26,731 | +8.8% |
| Fixed assets | 21/28 | €68,981 | €53,087 | -€15,893 | -23.0% |
| Tangible fixed assets | 22/27 | €68,981 | €53,087 | -€15,893 | -23.0% |
| Furniture and vehicles | 24 | €68,981 | €53,087 | -€15,893 | -23.0% |
| Current assets | 29/58 | €236,497 | €279,121 | +€42,624 | +18.0% |
| Amounts receivable within one year | 40/41 | €43,135 | €32,451 | -€10,684 | -24.8% |
| Trade receivables | 40 | €33,135 | €32,451 | -€684 | -2.1% |
| Other amounts receivable | 41 | €10,000 | €0 | -€10,000 | -100% |
| Current investments | 50/53 | €170,000 | €209,357 | +€39,357 | +23.2% |
| Cash at bank and in hand | 54/58 | €19,943 | €33,811 | +€13,868 | +69.5% |
| Deferred charges and accrued income | 490/1 | €3,418 | €3,501 | +€83 | +2.4% |
| Total equity and liabilities | 10/49 | €305,477 | €332,208 | +€26,731 | +8.8% |
| Equity | 10/15 | €204,102 | €170,824 | -€33,278 | -16.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €194,102 | €160,824 | -€33,278 | -17.1% |
| Distributable reserves | 133 | €194,102 | €160,824 | -€33,278 | -17.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,375 | €161,384 | +€60,009 | +59.2% |
| Amounts payable after more than one year | 17 | €46,006 | €30,654 | -€15,352 | -33.4% |
| Financial debts | 170/4 | €46,006 | €30,654 | -€15,352 | -33.4% |
| Amounts payable within one year | 42/48 | €55,369 | €130,730 | +€75,361 | +136% |
| Current portion of amounts payable after more than one year | 42 | €14,928 | €15,352 | +€424 | +2.8% |
| Trade debts | 44 | €2,476 | €2,115 | -€362 | -14.6% |
| Suppliers | 440/4 | €2,476 | €2,115 | -€362 | -14.6% |
| Taxes, remuneration and social security | 45 | €27,108 | €11,968 | -€15,140 | -55.8% |
| Taxes | 450/3 | €27,108 | €11,968 | -€15,140 | -55.8% |
| Other amounts payable | 47/48 | €10,857 | €101,296 | +€90,439 | +833% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,907 | €17,936 | +€29 | +0.2% |
| Other operating charges | 640/8 | €1,085 | €1,120 | +€35 | +3.2% |
| Gross operating margin | 9900 | €113,192 | €108,127 | -€5,065 | -4.5% |
| Operating profit (loss) | 9901 | €94,200 | €89,071 | -€5,129 | -5.4% |
| Financial income | 75/76B | €6,183 | €3,043 | -€3,140 | -50.8% |
| Recurring financial income | 75 | €6,183 | €3,043 | -€3,140 | -50.8% |
| Financial charges | 65/66B | €2,143 | €2,322 | +€179 | +8.4% |
| Recurring financial charges | 65 | €2,143 | €2,322 | +€179 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €98,240 | €89,792 | -€8,448 | -8.6% |
| Income taxes | 67/77 | €20,195 | €23,070 | +€2,875 | +14.2% |
| Profit (loss) for the period | 9904 | €78,044 | €66,722 | -€11,323 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,044 | €66,722 | -€11,323 | -14.5% |
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 24 October 2026 via checked.be.