Bocaro: 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.
Bocaro
Largest movements
- Cash +€68,537
up €68,537 (+129.1%), from €53,103 to €121,640
mainly Net result for the year (+€88,013) and Depreciation (+€19,474)
- Receivables within one year +€25,787
up €25,787 (+24.7%), from €104,516 to €130,303
of which Trade receivables: +€42,277
- Tangible fixed assets -€16,867
down €16,867 (-42.6%), from €39,623 to €22,756
of which Furniture and vehicles: -€13,813
- Reserves +€86,347
up €86,347 (+104.3%), from €82,826 to €169,173
of which Distributable reserves: +€86,347
- Debts after one year -€10,054
down €10,054 (-70.6%), from €14,243 to €4,189
- Tax, wage and social debts +€4,029
up €4,029 (+16.0%), from €25,190 to €29,219
- Gross operating margin +€60,034
up €60,034 (+71.4%), from €84,104 to €144,138
- Taxes +€18,025
up €18,025 (+98.7%), from €18,266 to €36,290
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 | €199,129 | €276,932 | +€77,803 | +39.1% |
| Fixed assets | 21/28 | €39,628 | €22,761 | -€16,867 | -42.6% |
| Tangible fixed assets | 22/27 | €39,623 | €22,756 | -€16,867 | -42.6% |
| Plant, machinery and equipment | 23 | €6,610 | €3,556 | -€3,054 | -46.2% |
| Furniture and vehicles | 24 | €33,013 | €19,200 | -€13,813 | -41.8% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €159,500 | €254,171 | +€94,670 | +59.4% |
| Amounts receivable within one year | 40/41 | €104,516 | €130,303 | +€25,787 | +24.7% |
| Trade receivables | 40 | €23,901 | €66,178 | +€42,277 | +176.9% |
| Other amounts receivable | 41 | €80,615 | €64,124 | -€16,491 | -20.5% |
| Cash at bank and in hand | 54/58 | €53,103 | €121,640 | +€68,537 | +129.1% |
| Deferred charges and accrued income | 490/1 | €1,882 | €2,229 | +€347 | +18.4% |
| Total equity and liabilities | 10/49 | €199,129 | €276,932 | +€77,803 | +39.1% |
| Equity | 10/15 | €144,826 | €231,173 | +€86,347 | +59.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €82,826 | €169,173 | +€86,347 | +104.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €76,626 | €162,973 | +€86,347 | +112.7% |
| Amounts payable | 17/49 | €54,303 | €45,759 | -€8,544 | -15.7% |
| Amounts payable after more than one year | 17 | €14,243 | €4,189 | -€10,054 | -70.6% |
| Financial debts | 170/4 | €14,243 | €4,189 | -€10,054 | -70.6% |
| Amounts payable within one year | 42/48 | €40,060 | €41,570 | +€1,510 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €10,054 | €10,054 | = | 0.0% |
| Trade debts | 44 | €2,669 | €201 | -€2,467 | -92.5% |
| Suppliers | 440/4 | €2,669 | €201 | -€2,467 | -92.5% |
| Taxes, remuneration and social security | 45 | €25,190 | €29,219 | +€4,029 | +16.0% |
| Taxes | 450/3 | €25,190 | €29,219 | +€4,029 | +16.0% |
| Other amounts payable | 47/48 | €2,148 | €2,096 | -€52 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,303 | €19,474 | +€1,171 | +6.4% |
| Other operating charges | 640/8 | €690 | €530 | -€160 | -23.1% |
| Gross operating margin | 9900 | €84,104 | €144,138 | +€60,034 | +71.4% |
| Operating profit (loss) | 9901 | €65,112 | €124,135 | +€59,023 | +90.6% |
| Financial income | 75/76B | €64 | €240 | +€176 | +274.1% |
| Recurring financial income | 75 | €64 | €240 | +€176 | +274.1% |
| Financial charges | 65/66B | €69 | €70 | +€1 | +2.0% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €65,107 | €124,304 | +€59,197 | +90.9% |
| Income taxes | 67/77 | €18,266 | €36,290 | +€18,025 | +98.7% |
| Profit (loss) for the period | 9904 | €46,841 | €88,013 | +€41,172 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,841 | €88,013 | +€41,172 | +87.9% |
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 12 October 2026 via checked.be.