BOCO: 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.
What changed
BOCO
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€325,079
2024 · -€113,080+€438,159
Equity
€1.1m
2024 · €787,336+€325,079
Cash
€57,843
2024 · €278,532-€220,689
Balance sheet total
€7.2m
2024 · €6.9m+€289,925
Largest movements
Assets
- Receivables within one year +€384,780
up €384,780 (+85.7%), from €449,229 to €834,009
of which Trade receivables: +€385,231
- Cash -€220,689
down €220,689 (-79.2%), from €278,532 to €57,843
mainly Receivables within one year (-€384,780) and Investment in fixed assets (net) (-€218,559)
- Tangible fixed assets +€116,726
up €116,726 (+40.0%), from €291,813 to €408,538
of which Other tangible fixed assets: +€61,158
Equity and liabilities
- Profit (loss) carried forward +€325,079
up €325,079 (+94.6%), from €343,540 to €668,619
- Trade debts -€113,396
down €113,396 (-9.0%), from €1.3m to €1.1m
Income statement
- Turnover +€8.4m
new in 2025: €8.4m
- Goods and materials +€5.6m
new in 2025: €5.6m
of which Purchases: +€5.6m
- Services and other goods +€1.1m
new in 2025: €1.1m
- Gross operating margin -€859,032
no longer reported in 2025 (was €859,032)
- Staff costs +€523,853
up €523,853 (+64.0%), from €817,945 to €1.3m
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.
Result 2024
-€113,080
Turnover
+€8.4m
Other operating income
+€1,913
Goods and materials
-€5.6m
Services and other goods
-€1.1m
Staff costs
-€523,853
Depreciation
-€35,085
Other operating charges
-€41,124
Other operating items
-€593,837
Financial income
+€16,665
Financial charges
-€94,790
Result 2025
€325,079
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.
From operations
-€2,130
Investment
-€218,559
Financing
€0
Cash 2024
€278,532
From operations (derived)
-€2,130
Net result for the year
+€325,079
Depreciation
+€102,274
Stocks and contracts
-€9,742
Receivables within one year
-€384,780
Deferred charges and accrued income
+€194
Trade debts
-€113,396
Tax, wage and social debts
+€47,398
Advances received
-€1,489
Other debts
+€32,333
Investment (derived)
-€218,559
Investment in fixed assets (net)
-€218,559
Cash 2025
€57,843
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,941,063 | €7,230,988 | +€289,925 | +4.2% |
| Fixed assets | 21/28 | €3,615,870 | €3,732,155 | +€116,286 | +3.2% |
| Intangible fixed assets | 21 | €3,323,617 | €3,323,617 | = | 0.0% |
| Tangible fixed assets | 22/27 | €291,813 | €408,538 | +€116,726 | +40.0% |
| Plant, machinery and equipment | 23 | €77,457 | €138,566 | +€61,109 | +78.9% |
| Furniture and vehicles | 24 | €61,284 | €73,566 | +€12,282 | +20.0% |
| Other tangible fixed assets | 26 | €132,888 | €194,046 | +€61,158 | +46.0% |
| Assets under construction and advance payments | 27 | €20,184 | €2,361 | -€17,823 | -88.3% |
| Financial fixed assets | 28 | €440 | - | -€440 | |
| Current assets | 29/58 | €3,325,193 | €3,498,833 | +€173,640 | +5.2% |
| Stocks and contracts in progress | 3 | €2,595,731 | €2,605,474 | +€9,742 | +0.4% |
| Stocks | 30/36 | €2,595,731 | €2,605,474 | +€9,742 | +0.4% |
| Goods purchased for resale | 34 | - | €2,605,474 | +€2.6m | |
| Amounts receivable within one year | 40/41 | €449,229 | €834,009 | +€384,780 | +85.7% |
| Trade receivables | 40 | €217,861 | €603,092 | +€385,231 | +176.8% |
| Other amounts receivable | 41 | €231,368 | €230,918 | -€451 | -0.2% |
| Cash at bank and in hand | 54/58 | €278,532 | €57,843 | -€220,689 | -79.2% |
| Deferred charges and accrued income | 490/1 | €1,701 | €1,507 | -€194 | -11.4% |
| Total equity and liabilities | 10/49 | €6,941,063 | €7,230,988 | +€289,925 | +4.2% |
| Equity | 10/15 | €787,336 | €1,112,415 | +€325,079 | +41.3% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Capital | 10 | €95,000 | €95,000 | = | 0.0% |
| Issued capital | 100 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €348,796 | €348,796 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,500 | €9,500 | = | 0.0% |
| Legal reserve | 130 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €339,296 | €339,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | €343,540 | €668,619 | +€325,079 | +94.6% |
| Amounts payable | 17/49 | €6,153,727 | €6,118,573 | -€35,154 | -0.6% |
| Amounts payable within one year | 42/48 | €6,153,727 | €6,118,573 | -€35,154 | -0.6% |
| Trade debts | 44 | €1,255,541 | €1,142,145 | -€113,396 | -9.0% |
| Suppliers | 440/4 | €1,255,541 | €1,142,145 | -€113,396 | -9.0% |
| Advances received on contracts in progress | 46 | €3,825 | €2,336 | -€1,489 | -38.9% |
| Taxes, remuneration and social security | 45 | €143,873 | €191,271 | +€47,398 | +32.9% |
| Taxes | 450/3 | €60,943 | €44,870 | -€16,074 | -26.4% |
| Remuneration and social security | 454/9 | €82,930 | €146,402 | +€63,472 | +76.5% |
| Other amounts payable | 47/48 | €4,750,487 | €4,782,820 | +€32,333 | +0.7% |
| Operating income | 70/76A | - | €8,700,070 | +€8.7m | |
| Turnover | 70 | - | €8,441,500 | +€8.4m | |
| Other operating income | 74 | - | €1,913 | +€1,913 | |
| Non-recurring operating income | 76A | €39,930 | €256,657 | +€216,727 | +542.8% |
| Operating charges | 60/66A | - | €8,281,721 | +€8.3m | |
| Goods for resale, raw materials and consumables | 60 | - | €5,615,443 | +€5.6m | |
| Purchases | 600/8 | - | €5,625,185 | +€5.6m | |
| Change in stocks: decrease (increase) | 609 | - | -€9,742 | -€9,742 | |
| Services and other goods | 61 | - | €1,117,786 | +€1.1m | |
| Remuneration, social security and pensions | 62 | €817,945 | €1,341,798 | +€523,853 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,189 | €102,274 | +€35,085 | +52.2% |
| Other operating charges | 640/8 | €63,296 | €104,420 | +€41,124 | +65.0% |
| Non-recurring operating charges | 66A | €8,538 | - | -€8,538 | |
| Gross operating margin | 9900 | €859,032 | - | -€859,032 | |
| Operating profit (loss) | 9901 | -€97,936 | €418,349 | +€516,285 | |
| Financial income | 75/76B | €39,153 | €55,818 | +€16,665 | +42.6% |
| Recurring financial income | 75 | €39,153 | €55,818 | +€16,665 | +42.6% |
| Other financial income | 752/9 | - | €55,818 | +€55,818 | |
| Financial charges | 65/66B | €54,298 | €149,088 | +€94,790 | +174.6% |
| Recurring financial charges | 65 | €54,298 | €149,088 | +€94,790 | +174.6% |
| Debt charges | 650 | - | €149,004 | +€149,004 | |
| Other financial charges | 652/9 | - | €84 | +€84 | |
| Profit (loss) for the period before taxes | 9903 | -€113,080 | €325,079 | +€438,159 | |
| Profit (loss) for the period | 9904 | -€113,080 | €325,079 | +€438,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€113,080 | €325,079 | +€438,159 |
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 30 September 2026 via checked.be.