BOCKSTAELE-RAES: 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-RAES
Largest movements
- Cash +€14,138
up €14,138 (+29.5%), from €47,945 to €62,082
mainly Depreciation (+€15,560) and Net result for the year (+€11,693)
- Tangible fixed assets -€9,984
down €9,984 (-15.5%), from €64,350 to €54,366
of which Furniture and vehicles: -€6,928
- Stocks and contracts +€3,613
up €3,613 (+51.6%), from €7,002 to €10,615
- Deferred charges and accrued income -€2,301
down €2,301 (-85.0%), from €2,707 to €406
- Reserves +€16,150
up €16,150 (+27.5%), from €58,700 to €74,850
- Profit (loss) carried forward -€6,117
down €6,117 (-61.8%), from €9,896 to €3,779
- Debts after one year -€6,005
down €6,005 (-87.2%), from €6,891 to €885
- Tax, wage and social debts +€3,280
up €3,280 (+37.7%), from €8,697 to €11,976
of which Taxes: +€3,266
- Current portion of long-term debt -€3,233
down €3,233 (-35.0%), from €9,239 to €6,005
- Gross operating margin -€7,594
down €7,594 (-18.2%), from €41,817 to €34,224
- Taxes -€2,580
down €2,580 (-31.5%), from €8,197 to €5,617
- Depreciation +€1,931
up €1,931 (+14.2%), from €13,628 to €15,560
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 | €123,999 | €129,654 | +€5,656 | +4.6% |
| Fixed assets | 21/28 | €64,700 | €54,716 | -€9,984 | -15.4% |
| Tangible fixed assets | 22/27 | €64,350 | €54,366 | -€9,984 | -15.5% |
| Land and buildings | 22 | €32,357 | €29,610 | -€2,747 | -8.5% |
| Plant, machinery and equipment | 23 | €15,666 | €15,357 | -€309 | -2.0% |
| Furniture and vehicles | 24 | €16,327 | €9,399 | -€6,928 | -42.4% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €59,299 | €74,938 | +€15,639 | +26.4% |
| Stocks and contracts in progress | 3 | €7,002 | €10,615 | +€3,613 | +51.6% |
| Stocks | 30/36 | €7,002 | €10,615 | +€3,613 | +51.6% |
| Amounts receivable within one year | 40/41 | €1,645 | €1,835 | +€190 | +11.6% |
| Trade receivables | 40 | €1,175 | €1,835 | +€661 | +56.2% |
| Other amounts receivable | 41 | €471 | - | -€471 | |
| Cash at bank and in hand | 54/58 | €47,945 | €62,082 | +€14,138 | +29.5% |
| Deferred charges and accrued income | 490/1 | €2,707 | €406 | -€2,301 | -85.0% |
| Total equity and liabilities | 10/49 | €123,999 | €129,654 | +€5,656 | +4.6% |
| Equity | 10/15 | €74,796 | €84,829 | +€10,033 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,700 | €74,850 | +€16,150 | +27.5% |
| Distributable reserves | 133 | €58,700 | €74,850 | +€16,150 | +27.5% |
| Profit (loss) carried forward | 14 | €9,896 | €3,779 | -€6,117 | -61.8% |
| Amounts payable | 17/49 | €49,202 | €44,825 | -€4,377 | -8.9% |
| Amounts payable after more than one year | 17 | €6,891 | €885 | -€6,005 | -87.2% |
| Financial debts | 170/4 | €6,891 | €885 | -€6,005 | -87.2% |
| Amounts payable within one year | 42/48 | €42,285 | €43,912 | +€1,627 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €9,239 | €6,005 | -€3,233 | -35.0% |
| Trade debts | 44 | €266 | €132 | -€134 | -50.4% |
| Suppliers | 440/4 | €266 | €132 | -€134 | -50.4% |
| Taxes, remuneration and social security | 45 | €8,697 | €11,976 | +€3,280 | +37.7% |
| Taxes | 450/3 | €6,197 | €9,463 | +€3,266 | +52.7% |
| Remuneration and social security | 454/9 | €2,500 | €2,514 | +€14 | +0.6% |
| Other amounts payable | 47/48 | €24,083 | €25,798 | +€1,716 | +7.1% |
| Accrued charges and deferred income | 492/3 | €27 | €28 | +€1 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,628 | €15,560 | +€1,931 | +14.2% |
| Other operating charges | 640/8 | €954 | €749 | -€205 | -21.5% |
| Gross operating margin | 9900 | €41,817 | €34,224 | -€7,594 | -18.2% |
| Operating profit (loss) | 9901 | €27,235 | €17,915 | -€9,320 | -34.2% |
| Financial income | 75/76B | €13 | €9 | -€4 | -31.2% |
| Recurring financial income | 75 | €13 | €9 | -€4 | -31.2% |
| Financial charges | 65/66B | €809 | €614 | -€195 | -24.1% |
| Recurring financial charges | 65 | €809 | €614 | -€195 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €26,438 | €17,310 | -€9,128 | -34.5% |
| Income taxes | 67/77 | €8,197 | €5,617 | -€2,580 | -31.5% |
| Profit (loss) for the period | 9904 | €18,241 | €11,693 | -€6,549 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,241 | €11,693 | -€6,549 | -35.9% |
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 23 October 2026 via checked.be.