BOCA PARTNERS: 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 PARTNERS
Largest movements
- Receivables within one year -€672,246
down €672,246 (-94.9%), from €708,353 to €36,107
of which Other amounts receivable: -€646,352
- Current investments +€499,396
up €499,396 (+236.3%), from €211,365 to €710,760
- Cash +€280,894
up €280,894 (+191.9%), from €146,385 to €427,279
mainly Receivables within one year (+€672,246) and Net result for the year (+€157,336)
- Reserves +€107,336
up €107,336 (+8.3%), from €1.3m to €1.4m
- Trade debts -€58,027
down €58,027 (-49.6%), from €117,070 to €59,043
- Other debts +€50,000
new in 2025: €50,000
- Financial income +€28,866
up €28,866 (+1458.9%), from €1,979 to €30,844
- Financial charges -€8,435
down €8,435 (-10.7%), from €78,911 to €70,476
- Depreciation -€7,463
down €7,463 (-11.8%), from €63,344 to €55,882
- Taxes +€4,886
up €4,886 (+16.2%), from €30,247 to €35,133
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 | €3,929,017 | €4,020,678 | +€91,661 | +2.3% |
| Fixed assets | 21/28 | €2,862,914 | €2,846,532 | -€16,382 | -0.6% |
| Tangible fixed assets | 22/27 | €1,533,347 | €1,516,964 | -€16,382 | -1.1% |
| Land and buildings | 22 | €1,304,310 | €1,273,570 | -€30,740 | -2.4% |
| Plant, machinery and equipment | 23 | €225,394 | €219,022 | -€6,372 | -2.8% |
| Furniture and vehicles | 24 | €3,643 | €24,373 | +€20,730 | +569.1% |
| Financial fixed assets | 28 | €1,329,568 | €1,329,568 | = | 0.0% |
| Current assets | 29/58 | €1,066,103 | €1,174,146 | +€108,043 | +10.1% |
| Amounts receivable within one year | 40/41 | €708,353 | €36,107 | -€672,246 | -94.9% |
| Trade receivables | 40 | €48,400 | €22,506 | -€25,894 | -53.5% |
| Other amounts receivable | 41 | €659,953 | €13,601 | -€646,352 | -97.9% |
| Current investments | 50/53 | €211,365 | €710,760 | +€499,396 | +236.3% |
| Cash at bank and in hand | 54/58 | €146,385 | €427,279 | +€280,894 | +191.9% |
| Total equity and liabilities | 10/49 | €3,929,017 | €4,020,678 | +€91,661 | +2.3% |
| Equity | 10/15 | €2,806,806 | €2,914,142 | +€107,336 | +3.8% |
| Contributions | 10/11 | €1,545,375 | €1,545,375 | = | 0.0% |
| Reserves | 13 | €1,291,796 | €1,399,132 | +€107,336 | +8.3% |
| Distributable reserves | 133 | €1,291,796 | €1,399,132 | +€107,336 | +8.3% |
| Profit (loss) carried forward | 14 | -€30,365 | -€30,365 | = | 0.0% |
| Amounts payable | 17/49 | €1,122,212 | €1,106,536 | -€15,676 | -1.4% |
| Amounts payable after more than one year | 17 | €975,159 | €975,159 | = | 0.0% |
| Financial debts | 170/4 | €975,159 | - | -€975,159 | |
| Other amounts payable | 178/9 | - | €975,159 | +€975,159 | |
| Amounts payable within one year | 42/48 | €147,053 | €131,378 | -€15,676 | -10.7% |
| Trade debts | 44 | €117,070 | €59,043 | -€58,027 | -49.6% |
| Suppliers | 440/4 | €117,070 | €59,043 | -€58,027 | -49.6% |
| Taxes, remuneration and social security | 45 | €29,983 | €22,334 | -€7,649 | -25.5% |
| Taxes | 450/3 | €29,983 | €22,334 | -€7,649 | -25.5% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,344 | €55,882 | -€7,463 | -11.8% |
| Gross operating margin | 9900 | €290,119 | €287,982 | -€2,137 | -0.7% |
| Operating profit (loss) | 9901 | €226,774 | €232,100 | +€5,326 | +2.3% |
| Financial income | 75/76B | €1,979 | €30,844 | +€28,866 | +1458.9% |
| Recurring financial income | 75 | €1,979 | €30,844 | +€28,866 | +1458.9% |
| Financial charges | 65/66B | €78,911 | €70,476 | -€8,435 | -10.7% |
| Recurring financial charges | 65 | €78,911 | €70,476 | -€8,435 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €149,842 | €192,469 | +€42,627 | +28.4% |
| Income taxes | 67/77 | €30,247 | €35,133 | +€4,886 | +16.2% |
| Profit (loss) for the period | 9904 | €119,595 | €157,336 | +€37,741 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,595 | €157,336 | +€37,741 | +31.6% |
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 6 October 2026 via checked.be.