BOCO EUROPE: 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.
BOCO EUROPE
Largest movements
- Cash +€20,623
up €20,623 (+51.6%), from €39,949 to €60,572
mainly Net result for the year (+€32,041) and Depreciation (+€8,731)
- Receivables within one year +€10,275
up €10,275 (+47.5%), from €21,625 to €31,900
of which Other amounts receivable: +€9,664
- Deferred charges and accrued income +€1,161
up €1,161, from €0 to €1,161
- Reserves +€32,041
up €32,041 (+73.1%), from €43,812 to €75,853
of which Distributable reserves: +€33,901
- Current portion of long-term debt -€5,771
down €5,771 (-100%), from €5,771 to €0
- Trade debts +€4,185
up €4,185 (+516%), from €810 to €4,995
- Tax, wage and social debts +€1,785
up €1,785 (+14.7%), from €12,160 to €13,945
of which Taxes: +€1,785
- Gross operating margin -€13,618
down €13,618 (-18.4%), from €73,974 to €60,356
- Taxes -€3,958
down €3,958 (-20.6%), from €19,252 to €15,294
- Financial charges +€1,331
up €1,331 (+112%), from €1,193 to €2,524
- Depreciation +€798
up €798 (+10.1%), from €7,933 to €8,731
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 | €68,962 | €100,993 | +€32,031 | +46.4% |
| Fixed assets | 21/28 | €7,387 | €7,359 | -€29 | -0.4% |
| Tangible fixed assets | 22/27 | €7,387 | €7,359 | -€29 | -0.4% |
| Plant, machinery and equipment | 23 | - | €5,225 | +€5,225 | |
| Furniture and vehicles | 24 | €7,387 | €2,134 | -€5,254 | -71.1% |
| Current assets | 29/58 | €61,575 | €93,634 | +€32,059 | +52.1% |
| Amounts receivable within one year | 40/41 | €21,625 | €31,900 | +€10,275 | +47.5% |
| Trade receivables | 40 | €21,599 | €22,210 | +€611 | +2.8% |
| Other amounts receivable | 41 | €27 | €9,691 | +€9,664 | +35,897% |
| Cash at bank and in hand | 54/58 | €39,949 | €60,572 | +€20,623 | +51.6% |
| Deferred charges and accrued income | 490/1 | €0 | €1,161 | +€1,161 | |
| Total equity and liabilities | 10/49 | €68,962 | €100,993 | +€32,031 | +46.4% |
| Equity | 10/15 | €50,012 | €82,053 | +€32,041 | +64.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,812 | €75,853 | +€32,041 | +73.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €41,952 | €75,853 | +€33,901 | +80.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €18,951 | €18,940 | -€11 | -0.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,951 | €18,940 | -€11 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,771 | €0 | -€5,771 | -100% |
| Trade debts | 44 | €810 | €4,995 | +€4,185 | +516% |
| Suppliers | 440/4 | €810 | €4,995 | +€4,185 | +516% |
| Taxes, remuneration and social security | 45 | €12,160 | €13,945 | +€1,785 | +14.7% |
| Taxes | 450/3 | €12,160 | €13,945 | +€1,785 | +14.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €210 | €0 | -€210 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,933 | €8,731 | +€798 | +10.1% |
| Other operating charges | 640/8 | €1,641 | €1,767 | +€126 | +7.7% |
| Gross operating margin | 9900 | €73,974 | €60,356 | -€13,618 | -18.4% |
| Operating profit (loss) | 9901 | €64,400 | €49,858 | -€14,542 | -22.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,967% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,967% |
| Financial charges | 65/66B | €1,193 | €2,524 | +€1,331 | +112% |
| Recurring financial charges | 65 | €1,193 | €2,524 | +€1,331 | +112% |
| Profit (loss) for the period before taxes | 9903 | €63,207 | €47,335 | -€15,872 | -25.1% |
| Income taxes | 67/77 | €19,252 | €15,294 | -€3,958 | -20.6% |
| Profit (loss) for the period | 9904 | €43,955 | €32,041 | -€11,914 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,955 | €32,041 | -€11,914 | -27.1% |
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 29 October 2026 via checked.be.