BOCAGRO: what changed
BOCAGRO
Largest movements
- Tangible fixed assets -€121,327
down €121,327 (-31.5%), from €385,150 to €263,823
of which Furniture and vehicles: -€102,607
- Cash +€10,314
up €10,314 (+26.0%), from €39,599 to €49,912
mainly Depreciation (+€127,281) and Trade debts (+€12,090)
- Deferred charges and accrued income -€8,557
down €8,557 (-27.4%), from €31,203 to €22,646
- Stocks and contracts -€8,444
down €8,444 (-40.5%), from €20,836 to €12,392
- Debts after one year -€78,408
down €78,408 (-34.9%), from €224,819 to €146,411
- Other debts -€41,798
down €41,798 (-50.2%), from €83,221 to €41,423
- Trade debts +€12,090
up €12,090 (+53.0%), from €22,822 to €34,912
- Current portion of long-term debt -€8,588
down €8,588 (-9.5%), from €90,478 to €81,890
- Profit (loss) carried forward -€7,224
down €7,224 (-25.6%), from -€28,233 to -€35,457
- Depreciation +€17,962
up €17,962 (+16.4%), from €109,319 to €127,281
- Staff costs -€7,291
down €7,291 (-7.2%), from €100,882 to €93,591
- Gross operating margin +€5,841
up €5,841 (+2.8%), from €211,366 to €217,207
- Other operating charges -€3,679
down €3,679 (-62.6%), from €5,880 to €2,202
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €532,233 | €404,659 | -€127,574 | -24.0% |
| Fixed assets | 21/28 | €385,150 | €263,823 | -€121,327 | -31.5% |
| Tangible fixed assets | 22/27 | €385,150 | €263,823 | -€121,327 | -31.5% |
| Plant, machinery and equipment | 23 | €29,261 | €10,541 | -€18,720 | -64.0% |
| Furniture and vehicles | 24 | €355,889 | €253,282 | -€102,607 | -28.8% |
| Current assets | 29/58 | €147,083 | €140,837 | -€6,247 | -4.2% |
| Stocks and contracts in progress | 3 | €20,836 | €12,392 | -€8,444 | -40.5% |
| Stocks | 30/36 | €20,836 | €12,392 | -€8,444 | -40.5% |
| Amounts receivable within one year | 40/41 | €55,446 | €55,886 | +€441 | +0.8% |
| Trade receivables | 40 | €55,446 | €53,034 | -€2,412 | -4.3% |
| Other amounts receivable | 41 | - | €2,853 | +€2,853 | |
| Cash at bank and in hand | 54/58 | €39,599 | €49,912 | +€10,314 | +26.0% |
| Deferred charges and accrued income | 490/1 | €31,203 | €22,646 | -€8,557 | -27.4% |
| Total equity and liabilities | 10/49 | €532,233 | €404,659 | -€127,574 | -24.0% |
| Equity | 10/15 | €92,632 | €79,943 | -€12,690 | -13.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €108,465 | €103,000 | -€5,465 | -5.0% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100% |
| Distributable reserves | 133 | €106,610 | €103,000 | -€3,610 | -3.4% |
| Profit (loss) carried forward | 14 | -€28,233 | -€35,457 | -€7,224 | -25.6% |
| Amounts payable | 17/49 | €439,601 | €324,717 | -€114,884 | -26.1% |
| Amounts payable after more than one year | 17 | €224,819 | €146,411 | -€78,408 | -34.9% |
| Financial debts | 170/4 | €224,819 | €146,411 | -€78,408 | -34.9% |
| Amounts payable within one year | 42/48 | €214,782 | €178,305 | -€36,477 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €90,478 | €81,890 | -€8,588 | -9.5% |
| Trade debts | 44 | €22,822 | €34,912 | +€12,090 | +53.0% |
| Suppliers | 440/4 | €22,822 | €34,912 | +€12,090 | +53.0% |
| Taxes, remuneration and social security | 45 | €18,262 | €20,081 | +€1,819 | +10.0% |
| Taxes | 450/3 | €16,921 | €13,991 | -€2,930 | -17.3% |
| Remuneration and social security | 454/9 | €1,341 | €6,090 | +€4,749 | +354% |
| Other amounts payable | 47/48 | €83,221 | €41,423 | -€41,798 | -50.2% |
| Remuneration, social security and pensions | 62 | €100,882 | €93,591 | -€7,291 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,319 | €127,281 | +€17,962 | +16.4% |
| Other operating charges | 640/8 | €5,880 | €2,202 | -€3,679 | -62.6% |
| Gross operating margin | 9900 | €211,366 | €217,207 | +€5,841 | +2.8% |
| Operating profit (loss) | 9901 | -€4,715 | -€5,867 | -€1,151 | -24.4% |
| Financial income | 75/76B | €57 | €54 | -€3 | -5.8% |
| Recurring financial income | 75 | €57 | €54 | -€3 | -5.8% |
| Financial charges | 65/66B | €8,198 | €6,625 | -€1,573 | -19.2% |
| Recurring financial charges | 65 | €8,198 | €6,625 | -€1,573 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,856 | -€12,438 | +€418 | +3.3% |
| Income taxes | 67/77 | - | €252 | +€252 | |
| Profit (loss) for the period | 9904 | -€12,856 | -€12,690 | +€166 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,856 | -€12,690 | +€166 | +1.3% |
Next steps
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.