BOCOFIN: 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.
BOCOFIN
Largest movements
- Financial fixed assets -€242,277
down €242,277 (-57.5%), from €421,250 to €178,973
- Cash +€174,552
up €174,552 (+22484.6%), from €776 to €175,329
- Receivables within one year +€141,950
up €141,950 (+2346.3%), from €6,050 to €148,000
of which Other amounts receivable: +€148,000
- Tangible fixed assets -€73,668
down €73,668 (-100.0%), from €73,668 to €0
- Other debts -€178,429
down €178,429 (-100.0%), from €178,444 to €15
- Tax, wage and social debts +€132,116
up €132,116 (+2869.8%), from €4,604 to €136,720
- Reserves +€96,994
up €96,994 (+48.0%), from €202,134 to €299,127
of which Distributable reserves: +€96,994
- Current portion of long-term debt -€41,596
down €41,596 (-100.0%), from €41,596 to €0
- Investment grants -€5,201
down €5,201 (-100.0%), from €5,201 to €0
- Gross operating margin +€804,842
up €804,842 (+1244.8%), from €64,659 to €869,501
- Other operating charges +€372,746
up €372,746 (+2067.9%), from €18,025 to €390,772
- Taxes +€128,528
up €128,528 (+1569.1%), from €8,191 to €136,720
- Depreciation -€23,707
down €23,707 (-100.0%), from €23,707 to €0
From the 2024 result to the 2026 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €501,744 | €502,302 | +€558 | +0.1% |
| Fixed assets | 21/28 | €494,918 | €178,973 | -€315,944 | -63.8% |
| Tangible fixed assets | 22/27 | €73,668 | €0 | -€73,668 | -100.0% |
| Land and buildings | 22 | €73,668 | €0 | -€73,668 | -100.0% |
| Financial fixed assets | 28 | €421,250 | €178,973 | -€242,277 | -57.5% |
| Current assets | 29/58 | €6,826 | €323,329 | +€316,502 | +4636.5% |
| Amounts receivable within one year | 40/41 | €6,050 | €148,000 | +€141,950 | +2346.3% |
| Trade receivables | 40 | €6,050 | €0 | -€6,050 | -100.0% |
| Other amounts receivable | 41 | €0 | €148,000 | +€148,000 | |
| Cash at bank and in hand | 54/58 | €776 | €175,329 | +€174,552 | +22484.6% |
| Total equity and liabilities | 10/49 | €501,744 | €502,302 | +€558 | +0.1% |
| Equity | 10/15 | €269,335 | €361,127 | +€91,792 | +34.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €202,134 | €299,127 | +€96,994 | +48.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €607 | €607 | = | 0.0% |
| Distributable reserves | 133 | €195,326 | €292,320 | +€96,994 | +49.7% |
| Investment grants | 15 | €5,201 | €0 | -€5,201 | -100.0% |
| Provisions and deferred taxes | 16 | €3,325 | €0 | -€3,325 | -100.0% |
| Deferred taxes | 168 | €3,325 | €0 | -€3,325 | -100.0% |
| Amounts payable | 17/49 | €229,083 | €141,174 | -€87,909 | -38.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €224,643 | €136,734 | -€87,909 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €41,596 | €0 | -€41,596 | -100.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,604 | €136,720 | +€132,116 | +2869.8% |
| Taxes | 450/3 | €4,604 | €136,720 | +€132,116 | +2869.8% |
| Other amounts payable | 47/48 | €178,444 | €15 | -€178,429 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,440 | €4,440 | = | 0.0% |
| Non-recurring operating income | 76A | - | €856,332 | +€856,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,707 | €0 | -€23,707 | -100.0% |
| Other operating charges | 640/8 | €18,025 | €390,772 | +€372,746 | +2067.9% |
| Non-recurring operating charges | 66A | - | €242,277 | +€242,277 | |
| Gross operating margin | 9900 | €64,659 | €869,501 | +€804,842 | +1244.8% |
| Operating profit (loss) | 9901 | €22,926 | €236,452 | +€213,526 | +931.4% |
| Financial income | 75/76B | €1,590 | €5,201 | +€3,611 | +227.1% |
| Recurring financial income | 75 | €1,590 | €5,201 | +€3,611 | +227.1% |
| Financial charges | 65/66B | €12,786 | €11,266 | -€1,521 | -11.9% |
| Recurring financial charges | 65 | €12,786 | €11,266 | -€1,521 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €11,730 | €230,388 | +€218,658 | +1864.1% |
| Income taxes | 67/77 | €8,191 | €136,720 | +€128,528 | +1569.1% |
| Profit (loss) for the period | 9904 | €3,538 | €93,668 | +€90,130 | +2547.3% |
| Transfer from tax-exempt reserves | 789 | €1,017 | €3,325 | +€2,309 | +227.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,555 | €96,994 | +€92,439 | +2029.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 30 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.