Bocomex: 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.
Bocomex
Largest movements
- Cash -€39,420
down €39,420 (-74.4%), from €52,967 to €13,547
mainly Stocks and contracts (-€18,844) and Net result for the year (-€18,648)
- Receivables within one year -€21,299
down €21,299 (-17.7%), from €120,196 to €98,897
of which Trade receivables: -€22,678
- Stocks and contracts +€18,844
up €18,844 (+5.4%), from €351,239 to €370,082
- Tangible fixed assets -€7,768
down €7,768 (-3.7%), from €211,025 to €203,257
of which Land and buildings: -€9,838
- Profit (loss) carried forward -€18,648
down €18,648 (-61.4%), from -€30,359 to -€49,006
- Current portion of long-term debt -€12,145
down €12,145 (-77.2%), from €15,735 to €3,590
- Trade debts -€11,927
down €11,927 (-12.5%), from €95,402 to €83,475
- Gross operating margin -€79,946
down €79,946 (-42.2%), from €189,248 to €109,302
- Taxes -€5,338
no longer reported in 2025 (was €5,338)
- Staff costs +€4,939
up €4,939 (+4.8%), from €103,527 to €108,465
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €750,743 | €698,589 | -€52,154 | -6.9% |
| Fixed assets | 21/28 | €220,018 | €208,775 | -€11,243 | -5.1% |
| Intangible fixed assets | 21 | €8,993 | €5,518 | -€3,475 | -38.6% |
| Tangible fixed assets | 22/27 | €211,025 | €203,257 | -€7,768 | -3.7% |
| Land and buildings | 22 | €208,478 | €198,641 | -€9,838 | -4.7% |
| Plant, machinery and equipment | 23 | €1,396 | €838 | -€557 | -39.9% |
| Furniture and vehicles | 24 | €1,151 | €3,778 | +€2,627 | +228.3% |
| Current assets | 29/58 | €530,725 | €489,815 | -€40,911 | -7.7% |
| Stocks and contracts in progress | 3 | €351,239 | €370,082 | +€18,844 | +5.4% |
| Stocks | 30/36 | €351,239 | €370,082 | +€18,844 | +5.4% |
| Amounts receivable within one year | 40/41 | €120,196 | €98,897 | -€21,299 | -17.7% |
| Trade receivables | 40 | €115,691 | €93,013 | -€22,678 | -19.6% |
| Other amounts receivable | 41 | €4,505 | €5,884 | +€1,379 | +30.6% |
| Cash at bank and in hand | 54/58 | €52,967 | €13,547 | -€39,420 | -74.4% |
| Deferred charges and accrued income | 490/1 | €6,324 | €7,289 | +€965 | +15.3% |
| Total equity and liabilities | 10/49 | €750,743 | €698,589 | -€52,154 | -6.9% |
| Equity | 10/15 | €611,840 | €593,192 | -€18,648 | -3.0% |
| Contributions | 10/11 | €396,678 | €396,678 | = | 0.0% |
| Capital | 10 | €396,678 | €396,678 | = | 0.0% |
| Issued capital | 100 | €396,678 | €396,678 | = | 0.0% |
| Revaluation surpluses | 12 | €207,314 | €207,314 | = | 0.0% |
| Reserves | 13 | €38,206 | €38,206 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,027 | €28,027 | = | 0.0% |
| Legal reserve | 130 | €28,027 | €28,027 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,179 | €10,179 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,359 | -€49,006 | -€18,648 | -61.4% |
| Amounts payable | 17/49 | €138,903 | €105,397 | -€33,506 | -24.1% |
| Amounts payable after more than one year | 17 | €3,590 | - | -€3,590 | |
| Financial debts | 170/4 | €3,590 | - | -€3,590 | |
| Amounts payable within one year | 42/48 | €135,313 | €105,397 | -€29,916 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €15,735 | €3,590 | -€12,145 | -77.2% |
| Trade debts | 44 | €95,402 | €83,475 | -€11,927 | -12.5% |
| Suppliers | 440/4 | €95,402 | €83,475 | -€11,927 | -12.5% |
| Taxes, remuneration and social security | 45 | €24,176 | €18,332 | -€5,844 | -24.2% |
| Taxes | 450/3 | €12,194 | €5,922 | -€6,272 | -51.4% |
| Remuneration and social security | 454/9 | €11,982 | €12,410 | +€428 | +3.6% |
| Non-recurring operating income | 76A | €26,721 | - | -€26,721 | |
| Remuneration, social security and pensions | 62 | €103,527 | €108,465 | +€4,939 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,233 | €16,444 | +€211 | +1.3% |
| Other operating charges | 640/8 | €968 | €400 | -€568 | -58.7% |
| Non-recurring operating charges | 66A | €2,320 | - | -€2,320 | |
| Gross operating margin | 9900 | €189,248 | €109,302 | -€79,946 | -42.2% |
| Operating profit (loss) | 9901 | €66,202 | -€16,007 | -€82,208 | |
| Financial income | 75/76B | €1,814 | €2,045 | +€231 | +12.7% |
| Recurring financial income | 75 | €1,814 | €2,045 | +€231 | +12.7% |
| Financial charges | 65/66B | €4,355 | €4,686 | +€331 | +7.6% |
| Recurring financial charges | 65 | €4,355 | €4,686 | +€331 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €63,661 | -€18,648 | -€82,308 | |
| Income taxes | 67/77 | €5,338 | - | -€5,338 | |
| Profit (loss) for the period | 9904 | €58,323 | -€18,648 | -€76,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,323 | -€18,648 | -€76,971 |
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 11 October 2026 via checked.be.