BOCH: 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.
BOCH
Largest movements
- Financial fixed assets +€2.8m
up €2.8m (+41.7%), from €6.8m to €9.6m
- Cash -€1.3m
down €1.3m (-77.0%), from €1.7m to €393,306
mainly Investment in fixed assets (net) (-€4.1m) and Current investments (-€506,670)
- Tangible fixed assets +€1.2m
up €1.2m (+38922.9%), from €2,999 to €1.2m
of which Land and buildings: +€1.2m
- Current investments +€506,670
up €506,670 (+12.7%), from €4.0m to €4.5m
- Other debts +€2.8m
up €2.8m (+47203.7%), from €5,988 to €2.8m
- Profit (loss) carried forward +€450,263
up €450,263 (+7.3%), from €6.1m to €6.6m
- Financial income +€231,822
up €231,822 (+56.8%), from €408,263 to €640,084
- Depreciation +€153,136
up €153,136 (+20036.3%), from €764 to €153,900
- Gross operating margin -€27,375
down €27,375, from €16,990 to -€10,385
- Financial charges -€1,276
down €1,276 (-5.3%), from €24,049 to €22,773
- Other operating charges +€1,180
up €1,180 (+83.2%), from €1,418 to €2,598
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 | €12,524,884 | €15,801,321 | +€3.3m | +26.2% |
| Fixed assets | 21/28 | €6,774,450 | €10,768,066 | +€4.0m | +59.0% |
| Tangible fixed assets | 22/27 | €2,999 | €1,170,250 | +€1.2m | +38922.9% |
| Land and buildings | 22 | - | €1,163,444 | +€1.2m | |
| Furniture and vehicles | 24 | €2,999 | €6,806 | +€3,807 | +127.0% |
| Financial fixed assets | 28 | €6,771,451 | €9,597,816 | +€2.8m | +41.7% |
| Current assets | 29/58 | €5,750,434 | €5,033,255 | -€717,179 | -12.5% |
| Amounts receivable within one year | 40/41 | €41,555 | €132,280 | +€90,725 | +218.3% |
| Trade receivables | 40 | €9,983 | €48,678 | +€38,696 | +387.6% |
| Other amounts receivable | 41 | €31,572 | €83,602 | +€52,029 | +164.8% |
| Current investments | 50/53 | €3,999,963 | €4,506,633 | +€506,670 | +12.7% |
| Cash at bank and in hand | 54/58 | €1,707,906 | €393,306 | -€1.3m | -77.0% |
| Deferred charges and accrued income | 490/1 | €1,010 | €1,036 | +€26 | +2.6% |
| Total equity and liabilities | 10/49 | €12,524,884 | €15,801,321 | +€3.3m | +26.2% |
| Equity | 10/15 | €12,509,549 | €12,959,813 | +€450,263 | +3.6% |
| Contributions | 10/11 | €5,285,656 | €5,285,656 | = | 0.0% |
| Reserves | 13 | €1,073,920 | €1,073,920 | = | 0.0% |
| Distributable reserves | 133 | €1,073,920 | €1,073,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,149,974 | €6,600,237 | +€450,263 | +7.3% |
| Amounts payable | 17/49 | €15,334 | €2,841,508 | +€2.8m | +18430.6% |
| Amounts payable within one year | 42/48 | €15,334 | €2,841,508 | +€2.8m | +18430.6% |
| Financial debts | 43 | - | €850 | +€850 | |
| Credit institutions | 430/8 | - | €850 | +€850 | |
| Trade debts | 44 | €5,460 | €5,214 | -€246 | -4.5% |
| Suppliers | 440/4 | €5,460 | €5,214 | -€246 | -4.5% |
| Taxes, remuneration and social security | 45 | €3,886 | €3,043 | -€844 | -21.7% |
| Taxes | 450/3 | €3,886 | €3,043 | -€844 | -21.7% |
| Other amounts payable | 47/48 | €5,988 | €2,832,402 | +€2.8m | +47203.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €764 | €153,900 | +€153,136 | +20036.3% |
| Other operating charges | 640/8 | €1,418 | €2,598 | +€1,180 | +83.2% |
| Gross operating margin | 9900 | €16,990 | -€10,385 | -€27,375 | |
| Operating profit (loss) | 9901 | €14,808 | -€166,883 | -€181,691 | |
| Financial income | 75/76B | €408,263 | €640,084 | +€231,822 | +56.8% |
| Recurring financial income | 75 | €408,263 | €640,084 | +€231,822 | +56.8% |
| Financial charges | 65/66B | €24,049 | €22,773 | -€1,276 | -5.3% |
| Recurring financial charges | 65 | €24,049 | €22,773 | -€1,276 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €399,022 | €450,428 | +€51,407 | +12.9% |
| Income taxes | 67/77 | €160 | €165 | +€5 | +3.1% |
| Profit (loss) for the period | 9904 | €398,862 | €450,263 | +€51,402 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €398,862 | €450,263 | +€51,402 | +12.9% |
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 10 October 2026 via checked.be.