BOCARO: 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.
BOCARO
Largest movements
- Cash -€14,025
down €14,025 (-29.8%), from €47,109 to €33,084
mainly Net result for the year (-€18,858) and Stocks and contracts (-€181)
- Receivables within one year -€5,208
down €5,208 (-63.7%), from €8,173 to €2,965
of which Other amounts receivable: -€5,538
- Profit (loss) carried forward -€18,858
down €18,858 (-53.9%), from €34,990 to €16,132
- Gross operating margin -€6,644
down €6,644 (-56.9%), from -€11,672 to -€18,316
- Other operating charges -€382
down €382 (-48.9%), from €782 to €400
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 | €55,782 | €36,730 | -€19,052 | -34.2% |
| Current assets | 29/58 | €55,782 | €36,730 | -€19,052 | -34.2% |
| Stocks and contracts in progress | 3 | €500 | €681 | +€181 | +36.1% |
| Stocks | 30/36 | €500 | €681 | +€181 | +36.1% |
| Amounts receivable within one year | 40/41 | €8,173 | €2,965 | -€5,208 | -63.7% |
| Trade receivables | 40 | €176 | €506 | +€330 | +187.3% |
| Other amounts receivable | 41 | €7,996 | €2,459 | -€5,538 | -69.3% |
| Cash at bank and in hand | 54/58 | €47,109 | €33,084 | -€14,025 | -29.8% |
| Total equity and liabilities | 10/49 | €55,782 | €36,730 | -€19,052 | -34.2% |
| Equity | 10/15 | €55,441 | €36,583 | -€18,858 | -34.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,990 | €16,132 | -€18,858 | -53.9% |
| Amounts payable | 17/49 | €340 | €147 | -€194 | -56.9% |
| Amounts payable within one year | 42/48 | €340 | €147 | -€194 | -56.9% |
| Trade debts | 44 | €69 | €6 | -€63 | -91.5% |
| Suppliers | 440/4 | €69 | €6 | -€63 | -91.5% |
| Taxes, remuneration and social security | 45 | €271 | €141 | -€130 | -48.0% |
| Taxes | 450/3 | €271 | €141 | -€130 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106 | - | -€106 | |
| Other operating charges | 640/8 | €782 | €400 | -€382 | -48.9% |
| Gross operating margin | 9900 | -€11,672 | -€18,316 | -€6,644 | -56.9% |
| Operating profit (loss) | 9901 | -€12,560 | -€18,716 | -€6,156 | -49.0% |
| Financial income | 75/76B | €76 | €44 | -€32 | -42.5% |
| Recurring financial income | 75 | €76 | €44 | -€32 | -42.5% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,527 | -€18,717 | -€6,190 | -49.4% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€12,667 | -€18,858 | -€6,191 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,667 | -€18,858 | -€6,191 | -48.9% |
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 8 October 2026 via checked.be.