BOCKSTAELE: 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.
BOCKSTAELE
Largest movements
- Stocks and contracts -€199,470
down €199,470 (-84.4%), from €236,411 to €36,941
- Cash +€119,029
up €119,029 (+67.1%), from €177,353 to €296,382
mainly Stocks and contracts (+€199,470) and Depreciation (+€31,468)
- Tangible fixed assets +€15,616
up €15,616 (+14.0%), from €111,304 to €126,920
of which Furniture and vehicles: +€20,193
- Debts after one year -€65,090
down €65,090 (-64.9%), from €100,281 to €35,191
- Reserves +€23,300
up €23,300 (+8.5%), from €275,024 to €298,324
of which Distributable reserves: +€47,867
- Trade debts -€22,871
down €22,871 (-62.9%), from €36,382 to €13,510
- Other debts +€16,845
up €16,845 (+8.0%), from €211,660 to €228,505
- Current portion of long-term debt -€12,991
down €12,991 (-52.7%), from €24,658 to €11,667
- Gross operating margin -€103,727
down €103,727 (-50.5%), from €205,279 to €101,552
- Staff costs -€52,064
down €52,064 (-90.1%), from €57,781 to €5,717
- Depreciation +€19,133
up €19,133 (+155%), from €12,336 to €31,468
- Taxes -€8,216
down €8,216 (-30.2%), from €27,211 to €18,995
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.
Derived cash bridge
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 | €681,997 | €621,745 | -€60,252 | -8.8% |
| Fixed assets | 21/28 | €111,304 | €126,920 | +€15,616 | +14.0% |
| Tangible fixed assets | 22/27 | €111,304 | €126,920 | +€15,616 | +14.0% |
| Land and buildings | 22 | €4,510 | €3,259 | -€1,251 | -27.7% |
| Plant, machinery and equipment | 23 | €14,227 | €10,901 | -€3,327 | -23.4% |
| Furniture and vehicles | 24 | €92,567 | €112,760 | +€20,193 | +21.8% |
| Current assets | 29/58 | €570,693 | €494,825 | -€75,867 | -13.3% |
| Amounts receivable after more than one year | 29 | €125,159 | €125,159 | = | 0.0% |
| Other amounts receivable | 291 | €125,159 | €125,159 | = | 0.0% |
| Stocks and contracts in progress | 3 | €236,411 | €36,941 | -€199,470 | -84.4% |
| Stocks | 30/36 | €236,411 | €36,941 | -€199,470 | -84.4% |
| Amounts receivable within one year | 40/41 | €30,451 | €34,983 | +€4,532 | +14.9% |
| Trade receivables | 40 | €12,505 | €20,504 | +€7,998 | +64.0% |
| Other amounts receivable | 41 | €17,946 | €14,479 | -€3,466 | -19.3% |
| Cash at bank and in hand | 54/58 | €177,353 | €296,382 | +€119,029 | +67.1% |
| Deferred charges and accrued income | 490/1 | €1,319 | €1,361 | +€42 | +3.2% |
| Total equity and liabilities | 10/49 | €681,997 | €621,745 | -€60,252 | -8.8% |
| Equity | 10/15 | €293,624 | €316,924 | +€23,300 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €275,024 | €298,324 | +€23,300 | +8.5% |
| Tax-exempt reserves | 132 | €34,167 | €9,600 | -€24,567 | -71.9% |
| Distributable reserves | 133 | €240,856 | €288,724 | +€47,867 | +19.9% |
| Provisions and deferred taxes | 16 | €3,000 | €2,400 | -€600 | -20.0% |
| Provisions for liabilities and charges | 160/5 | €3,000 | €2,400 | -€600 | -20.0% |
| Taxes | 161 | €3,000 | €2,400 | -€600 | -20.0% |
| Amounts payable | 17/49 | €385,373 | €302,422 | -€82,952 | -21.5% |
| Amounts payable after more than one year | 17 | €100,281 | €35,191 | -€65,090 | -64.9% |
| Financial debts | 170/4 | €100,281 | €35,191 | -€65,090 | -64.9% |
| Amounts payable within one year | 42/48 | €285,093 | €267,231 | -€17,862 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €24,658 | €11,667 | -€12,991 | -52.7% |
| Trade debts | 44 | €36,382 | €13,510 | -€22,871 | -62.9% |
| Suppliers | 440/4 | €36,382 | €13,510 | -€22,871 | -62.9% |
| Taxes, remuneration and social security | 45 | €12,393 | €13,548 | +€1,155 | +9.3% |
| Taxes | 450/3 | €12,393 | €13,548 | +€1,155 | +9.3% |
| Other amounts payable | 47/48 | €211,660 | €228,505 | +€16,845 | +8.0% |
| Non-recurring operating income | 76A | €14,627 | - | -€14,627 | |
| Remuneration, social security and pensions | 62 | €57,781 | €5,717 | -€52,064 | -90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,336 | €31,468 | +€19,133 | +155% |
| Other operating charges | 640/8 | €2,019 | €1,598 | -€421 | -20.8% |
| Gross operating margin | 9900 | €205,279 | €101,552 | -€103,727 | -50.5% |
| Operating profit (loss) | 9901 | €133,143 | €62,769 | -€70,375 | -52.9% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €19,498 | €20,220 | +€722 | +3.7% |
| Recurring financial charges | 65 | €19,498 | €20,220 | +€722 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €113,660 | €42,549 | -€71,111 | -62.6% |
| Transfer from deferred taxes | 780 | - | €600 | +€600 | |
| Transfer to deferred taxes | 680 | €3,000 | - | -€3,000 | |
| Income taxes | 67/77 | €27,211 | €18,995 | -€8,216 | -30.2% |
| Profit (loss) for the period | 9904 | €83,449 | €24,154 | -€59,295 | -71.1% |
| Transfer from tax-exempt reserves | 789 | - | €24,567 | +€24,567 | |
| Transfer to tax-exempt reserves | 689 | €12,000 | - | -€12,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,449 | €48,721 | -€22,728 | -31.8% |
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 17 October 2026 via checked.be.