BOCOTRANS: 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.
BOCOTRANS
Largest movements
- Tangible fixed assets -€123,336
down €123,336 (-28.7%), from €430,383 to €307,047
of which Plant, machinery and equipment: -€84,196
- Receivables within one year +€41,582
up €41,582 (+65.1%), from €63,905 to €105,487
of which Trade receivables: +€52,646
- Cash +€6,936
up €6,936 (+328.6%), from €2,110 to €9,046
mainly Depreciation (+€123,336) and Net result for the year (+€31,412)
- Trade debts -€53,238
down €53,238 (-62.9%), from €84,598 to €31,359
- Debts after one year -€45,655
down €45,655 (-19.1%), from €238,952 to €193,297
of which Financial debts: -€45,655
- Profit (loss) carried forward +€31,412
up €31,412 (+19.5%), from -€160,876 to -€129,464
- Other debts +€25,278
up €25,278 (+455.3%), from €5,552 to €30,831
- Current portion of long-term debt -€24,402
down €24,402 (-34.8%), from €70,058 to €45,655
- Gross operating margin +€28,984
up €28,984 (+13.5%), from €214,006 to €242,990
- Depreciation -€11,359
down €11,359 (-8.4%), from €134,695 to €123,336
- Financial charges +€4,700
up €4,700 (+21.2%), from €22,170 to €26,870
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 | €503,968 | €429,476 | -€74,492 | -14.8% |
| Fixed assets | 21/28 | €437,953 | €314,617 | -€123,336 | -28.2% |
| Tangible fixed assets | 22/27 | €430,383 | €307,047 | -€123,336 | -28.7% |
| Land and buildings | 22 | €5,188 | €4,447 | -€741 | -14.3% |
| Plant, machinery and equipment | 23 | €151,098 | €66,902 | -€84,196 | -55.7% |
| Furniture and vehicles | 24 | €8,219 | €2,321 | -€5,898 | -71.8% |
| Leasing and similar rights | 25 | €265,877 | €233,377 | -€32,500 | -12.2% |
| Financial fixed assets | 28 | €7,570 | €7,570 | = | 0.0% |
| Current assets | 29/58 | €66,016 | €114,859 | +€48,843 | +74.0% |
| Amounts receivable within one year | 40/41 | €63,905 | €105,487 | +€41,582 | +65.1% |
| Trade receivables | 40 | €52,841 | €105,487 | +€52,646 | +99.6% |
| Other amounts receivable | 41 | €11,064 | - | -€11,064 | |
| Cash at bank and in hand | 54/58 | €2,110 | €9,046 | +€6,936 | +328.6% |
| Deferred charges and accrued income | 490/1 | - | €326 | +€326 | |
| Total equity and liabilities | 10/49 | €503,968 | €429,476 | -€74,492 | -14.8% |
| Equity | 10/15 | €1,287 | €32,700 | +€31,412 | +2439.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €142,164 | €142,164 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €119,789 | €119,789 | = | 0.0% |
| Distributable reserves | 133 | €20,375 | €20,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,876 | -€129,464 | +€31,412 | +19.5% |
| Provisions and deferred taxes | 16 | €27,500 | €27,500 | = | 0.0% |
| Deferred taxes | 168 | €27,500 | €27,500 | = | 0.0% |
| Amounts payable | 17/49 | €475,181 | €369,276 | -€105,905 | -22.3% |
| Amounts payable after more than one year | 17 | €238,952 | €193,297 | -€45,655 | -19.1% |
| Financial debts | 170/4 | €164,952 | €119,297 | -€45,655 | -27.7% |
| Other amounts payable | 178/9 | €74,000 | €74,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €235,573 | €175,979 | -€59,594 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €70,058 | €45,655 | -€24,402 | -34.8% |
| Financial debts | 43 | €2,631 | €4,291 | +€1,660 | +63.1% |
| Credit institutions | 430/8 | €2,631 | €4,291 | +€1,660 | +63.1% |
| Trade debts | 44 | €84,598 | €31,359 | -€53,238 | -62.9% |
| Suppliers | 440/4 | €84,598 | €31,359 | -€53,238 | -62.9% |
| Taxes, remuneration and social security | 45 | €72,734 | €63,843 | -€8,891 | -12.2% |
| Taxes | 450/3 | €700 | €3,271 | +€2,572 | +367.7% |
| Remuneration and social security | 454/9 | €72,035 | €60,572 | -€11,463 | -15.9% |
| Other amounts payable | 47/48 | €5,552 | €30,831 | +€25,278 | +455.3% |
| Accrued charges and deferred income | 492/3 | €655 | - | -€655 | |
| Non-recurring operating income | 76A | €16,736 | - | -€16,736 | |
| Remuneration, social security and pensions | 62 | €58,613 | €60,366 | +€1,753 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,695 | €123,336 | -€11,359 | -8.4% |
| Other operating charges | 640/8 | €241 | €916 | +€675 | +279.9% |
| Non-recurring operating charges | 66A | €528 | €207 | -€321 | -60.8% |
| Gross operating margin | 9900 | €214,006 | €242,990 | +€28,984 | +13.5% |
| Operating profit (loss) | 9901 | €19,929 | €58,165 | +€38,236 | +191.9% |
| Financial income | 75/76B | €23 | €230 | +€208 | +909.5% |
| Recurring financial income | 75 | €23 | €230 | +€208 | +909.5% |
| Financial charges | 65/66B | €22,170 | €26,870 | +€4,700 | +21.2% |
| Recurring financial charges | 65 | €22,170 | €26,870 | +€4,700 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,218 | €31,526 | +€33,744 | |
| Income taxes | 67/77 | €566 | €114 | -€452 | -79.9% |
| Profit (loss) for the period | 9904 | -€2,784 | €31,412 | +€34,196 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,784 | €31,412 | +€34,196 |
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 10 October 2026 via checked.be.