bocal: 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.
bocal
Largest movements
- Tangible fixed assets -€11,808
down €11,808 (-30.3%), from €38,926 to €27,118
of which Plant, machinery and equipment: -€9,550
- Stocks and contracts +€7,804
up €7,804 (+29.8%), from €26,161 to €33,964
- Cash +€2,358
up €2,358 (+8.9%), from €26,453 to €28,811
mainly Net result for the year (+€17,162) and Current portion of long-term debt (+€13,979)
- Deferred charges and accrued income +€2,053
up €2,053, from €0 to €2,053
- Debts after one year -€28,067
down €28,067 (-38.0%), from €73,903 to €45,836
- Profit (loss) carried forward +€17,162
up €17,162 (+34.1%), from -€50,293 to -€33,131
- Current portion of long-term debt +€13,979
up €13,979 (+97.7%), from €14,313 to €28,292
- Tax, wage and social debts +€3,322
up €3,322 (+64.6%), from €5,141 to €8,463
of which Remuneration and social security: +€4,013
- Other debts -€3,000
down €3,000 (-19.3%), from €15,554 to €12,554
- Staff costs +€13,685
up €13,685 (+124.0%), from €11,040 to €24,726
- Financial income +€2,334
up €2,334 (+1174.6%), from €199 to €2,533
- Other operating charges -€2,127
down €2,127 (-65.3%), from €3,257 to €1,130
- Gross operating margin -€773
down €773 (-1.4%), from €57,253 to €56,480
- Depreciation +€658
up €658 (+5.2%), from €12,768 to €13,426
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 | €101,236 | €101,954 | +€718 | +0.7% |
| Fixed assets | 21/28 | €40,372 | €28,563 | -€11,808 | -29.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €38,926 | €27,118 | -€11,808 | -30.3% |
| Plant, machinery and equipment | 23 | €18,910 | €9,360 | -€9,550 | -50.5% |
| Furniture and vehicles | 24 | €759 | €589 | -€170 | -22.4% |
| Other tangible fixed assets | 26 | €19,257 | €17,168 | -€2,089 | -10.8% |
| Financial fixed assets | 28 | €1,446 | €1,446 | = | 0.0% |
| Current assets | 29/58 | €60,865 | €73,391 | +€12,526 | +20.6% |
| Stocks and contracts in progress | 3 | €26,161 | €33,964 | +€7,804 | +29.8% |
| Stocks | 30/36 | €26,161 | €33,964 | +€7,804 | +29.8% |
| Amounts receivable within one year | 40/41 | €8,252 | €8,563 | +€311 | +3.8% |
| Trade receivables | 40 | €2,373 | €4,292 | +€1,919 | +80.9% |
| Other amounts receivable | 41 | €5,878 | €4,270 | -€1,608 | -27.4% |
| Cash at bank and in hand | 54/58 | €26,453 | €28,811 | +€2,358 | +8.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,053 | +€2,053 | |
| Total equity and liabilities | 10/49 | €101,236 | €101,954 | +€718 | +0.7% |
| Equity | 10/15 | -€45,593 | -€26,731 | +€18,862 | +41.4% |
| Contributions | 10/11 | €4,700 | €6,400 | +€1,700 | +36.2% |
| Profit (loss) carried forward | 14 | -€50,293 | -€33,131 | +€17,162 | +34.1% |
| Amounts payable | 17/49 | €146,829 | €128,685 | -€18,144 | -12.4% |
| Amounts payable after more than one year | 17 | €73,903 | €45,836 | -€28,067 | -38.0% |
| Financial debts | 170/4 | €73,903 | €45,836 | -€28,067 | -38.0% |
| Amounts payable within one year | 42/48 | €67,848 | €78,655 | +€10,806 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €14,313 | €28,292 | +€13,979 | +97.7% |
| Financial debts | 43 | €2,000 | €0 | -€2,000 | -100.0% |
| Credit institutions | 430/8 | €2,000 | €0 | -€2,000 | -100.0% |
| Trade debts | 44 | €30,841 | €29,346 | -€1,495 | -4.8% |
| Suppliers | 440/4 | €30,841 | €29,346 | -€1,495 | -4.8% |
| Taxes, remuneration and social security | 45 | €5,141 | €8,463 | +€3,322 | +64.6% |
| Taxes | 450/3 | €2,778 | €2,088 | -€690 | -24.8% |
| Remuneration and social security | 454/9 | €2,362 | €6,375 | +€4,013 | +169.8% |
| Other amounts payable | 47/48 | €15,554 | €12,554 | -€3,000 | -19.3% |
| Accrued charges and deferred income | 492/3 | €5,078 | €4,195 | -€883 | -17.4% |
| Remuneration, social security and pensions | 62 | €11,040 | €24,726 | +€13,685 | +124.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,768 | €13,426 | +€658 | +5.2% |
| Other operating charges | 640/8 | €3,257 | €1,130 | -€2,127 | -65.3% |
| Gross operating margin | 9900 | €57,253 | €56,480 | -€773 | -1.4% |
| Operating profit (loss) | 9901 | €30,187 | €17,198 | -€12,989 | -43.0% |
| Financial income | 75/76B | €199 | €2,533 | +€2,334 | +1174.6% |
| Recurring financial income | 75 | €199 | €2,533 | +€2,334 | +1174.6% |
| Financial charges | 65/66B | €2,929 | €2,569 | -€360 | -12.3% |
| Recurring financial charges | 65 | €2,929 | €2,569 | -€360 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €27,457 | €17,162 | -€10,294 | -37.5% |
| Profit (loss) for the period | 9904 | €27,457 | €17,162 | -€10,294 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,457 | €17,162 | -€10,294 | -37.5% |
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 3 October 2026 via checked.be.