BOCON: 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.
BOCON
Largest movements
- Tangible fixed assets +€343,438
up €343,438 (+33892.0%), from €1,013 to €344,451
of which Land and buildings: +€280,476
- Financial fixed assets -€337,678
down €337,678 (-100.0%), from €337,728 to €50
- Receivables within one year -€280,932
down €280,932 (-87.8%), from €319,852 to €38,920
of which Trade receivables: -€309,334
- Intangible fixed assets +€208,974
new in 2025: €208,974
- Cash +€84,089
up €84,089 (+434.5%), from €19,354 to €103,442
mainly Receivables within one year (+€280,932) and Net result for the year (+€80,242)
- Reserves -€60,935
down €60,935 (-9.2%), from €659,106 to €598,172
- Other debts +€40,045
new in 2025: €40,045
- Current portion of long-term debt +€21,987
new in 2025: €21,987
- Debts after one year +€10,499
new in 2025: €10,499
- Gross operating margin -€51,291
down €51,291 (-24.7%), from €207,338 to €156,047
- Depreciation +€24,313
up €24,313 (+5350.7%), from €454 to €24,767
- Taxes -€18,339
down €18,339 (-38.6%), from €47,497 to €29,158
- Staff costs +€16,613
up €16,613 (+943.9%), from €1,760 to €18,373
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 | €677,947 | €695,838 | +€17,891 | +2.6% |
| Fixed assets | 21/28 | €338,741 | €553,475 | +€214,734 | +63.4% |
| Intangible fixed assets | 21 | - | €208,974 | +€208,974 | |
| Tangible fixed assets | 22/27 | €1,013 | €344,451 | +€343,438 | +33892.0% |
| Land and buildings | 22 | - | €280,476 | +€280,476 | |
| Plant, machinery and equipment | 23 | - | €63,416 | +€63,416 | |
| Furniture and vehicles | 24 | €1,013 | €559 | -€454 | -44.8% |
| Financial fixed assets | 28 | €337,728 | €50 | -€337,678 | -100.0% |
| Current assets | 29/58 | €339,205 | €142,362 | -€196,843 | -58.0% |
| Amounts receivable within one year | 40/41 | €319,852 | €38,920 | -€280,932 | -87.8% |
| Trade receivables | 40 | €319,852 | €10,517 | -€309,334 | -96.7% |
| Other amounts receivable | 41 | - | €28,402 | +€28,402 | |
| Cash at bank and in hand | 54/58 | €19,354 | €103,442 | +€84,089 | +434.5% |
| Total equity and liabilities | 10/49 | €677,947 | €695,838 | +€17,891 | +2.6% |
| Equity | 10/15 | €660,606 | €599,672 | -€60,935 | -9.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €659,106 | €598,172 | -€60,935 | -9.2% |
| Distributable reserves | 133 | €659,106 | €598,172 | -€60,935 | -9.2% |
| Amounts payable | 17/49 | €17,340 | €96,166 | +€78,825 | +454.6% |
| Amounts payable after more than one year | 17 | - | €10,499 | +€10,499 | |
| Financial debts | 170/4 | - | €10,499 | +€10,499 | |
| Amounts payable within one year | 42/48 | €17,340 | €85,667 | +€68,326 | +394.0% |
| Current portion of amounts payable after more than one year | 42 | - | €21,987 | +€21,987 | |
| Trade debts | 44 | €85 | €6,915 | +€6,831 | +8064.5% |
| Suppliers | 440/4 | €85 | €6,915 | +€6,831 | +8064.5% |
| Taxes, remuneration and social security | 45 | €17,255 | €16,719 | -€536 | -3.1% |
| Taxes | 450/3 | €17,255 | €16,719 | -€536 | -3.1% |
| Other amounts payable | 47/48 | - | €40,045 | +€40,045 | |
| Remuneration, social security and pensions | 62 | €1,760 | €18,373 | +€16,613 | +943.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €454 | €24,767 | +€24,313 | +5350.7% |
| Other operating charges | 640/8 | €118 | €2,111 | +€1,993 | +1689.1% |
| Gross operating margin | 9900 | €207,338 | €156,047 | -€51,291 | -24.7% |
| Operating profit (loss) | 9901 | €205,006 | €110,796 | -€94,210 | -46.0% |
| Financial charges | 65/66B | €39 | €1,397 | +€1,358 | +3477.2% |
| Recurring financial charges | 65 | €39 | €1,397 | +€1,358 | +3477.2% |
| Profit (loss) for the period before taxes | 9903 | €204,967 | €109,400 | -€95,567 | -46.6% |
| Income taxes | 67/77 | €47,497 | €29,158 | -€18,339 | -38.6% |
| Profit (loss) for the period | 9904 | €157,470 | €80,242 | -€77,228 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €157,470 | €80,242 | -€77,228 | -49.0% |
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 9 October 2026 via checked.be.