BOCQFIN: 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.
BOCQFIN
Largest movements
- Tangible fixed assets +€5.3m
up €5.3m (+42.2%), from €12.6m to €17.9m
of which Land and buildings: +€5.3m
- Cash +€4.3m
up €4.3m (+652%), from €661,252 to €5.0m
mainly Other debts (+€8.9m) and Net result for the year (+€1.3m)
- Other debts +€8.9m
up €8.9m (+44.2%), from €20.1m to €28.9m
- Profit (loss) carried forward +€1.3m
up €1.3m (+49.5%), from €2.7m to €4.0m
- Depreciation +€536,625
up €536,625 (+334%), from €160,641 to €697,267
- Financial income +€259,717
up €259,717 (+13.5%), from €1.9m to €2.2m
- Other operating charges -€17,441
down €17,441 (-20.6%), from €84,661 to €67,220
- Gross operating margin -€14,439
down €14,439 (-28.5%), from -€50,680 to -€65,119
- Financial charges -€9,723
down €9,723 (-21.1%), from €45,994 to €36,271
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 | €111,717,118 | €121,187,919 | +€9.5m | +8.5% |
| Fixed assets | 21/28 | €110,134,477 | €115,778,178 | +€5.6m | +5.1% |
| Tangible fixed assets | 22/27 | €12,577,766 | €17,881,819 | +€5.3m | +42.2% |
| Land and buildings | 22 | €12,554,255 | €17,841,955 | +€5.3m | +42.1% |
| Plant, machinery and equipment | 23 | €11,041 | €7,638 | -€3,403 | -30.8% |
| Furniture and vehicles | 24 | €12,470 | €32,226 | +€19,756 | +158% |
| Financial fixed assets | 28 | €97,556,711 | €97,896,359 | +€339,648 | +0.3% |
| Current assets | 29/58 | €1,582,641 | €5,409,741 | +€3.8m | +242% |
| Amounts receivable within one year | 40/41 | €919,146 | €423,030 | -€496,116 | -54.0% |
| Trade receivables | 40 | €350,481 | €68,709 | -€281,773 | -80.4% |
| Other amounts receivable | 41 | €568,664 | €354,321 | -€214,343 | -37.7% |
| Cash at bank and in hand | 54/58 | €661,252 | €4,974,428 | +€4.3m | +652% |
| Deferred charges and accrued income | 490/1 | €2,243 | €12,282 | +€10,039 | +448% |
| Total equity and liabilities | 10/49 | €111,717,118 | €121,187,919 | +€9.5m | +8.5% |
| Equity | 10/15 | €2,758,710 | €4,075,401 | +€1.3m | +47.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,658,710 | €3,975,401 | +€1.3m | +49.5% |
| Amounts payable | 17/49 | €108,958,408 | €117,112,518 | +€8.2m | +7.5% |
| Amounts payable after more than one year | 17 | €87,988,433 | €87,538,433 | -€450,000 | -0.5% |
| Financial debts | 170/4 | €87,988,433 | €87,538,433 | -€450,000 | -0.5% |
| Amounts payable within one year | 42/48 | €20,969,976 | €29,574,085 | +€8.6m | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €541,823 | €496,175 | -€45,649 | -8.4% |
| Trade debts | 44 | €360,509 | €147,272 | -€213,237 | -59.1% |
| Suppliers | 440/4 | €360,509 | €147,272 | -€213,237 | -59.1% |
| Taxes, remuneration and social security | 45 | €7,909 | €8,256 | +€347 | +4.4% |
| Taxes | 450/3 | €7,909 | €8,256 | +€347 | +4.4% |
| Other amounts payable | 47/48 | €20,059,734 | €28,922,383 | +€8.9m | +44.2% |
| Remuneration, social security and pensions | 62 | - | €6,603 | +€6,603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,641 | €697,267 | +€536,625 | +334% |
| Other operating charges | 640/8 | €84,661 | €67,220 | -€17,441 | -20.6% |
| Gross operating margin | 9900 | -€50,680 | -€65,119 | -€14,439 | -28.5% |
| Operating profit (loss) | 9901 | -€295,982 | -€836,208 | -€540,227 | -183% |
| Financial income | 75/76B | €1,929,452 | €2,189,169 | +€259,717 | +13.5% |
| Recurring financial income | 75 | €1,929,452 | €2,189,169 | +€259,717 | +13.5% |
| Financial charges | 65/66B | €45,994 | €36,271 | -€9,723 | -21.1% |
| Recurring financial charges | 65 | €45,994 | €36,271 | -€9,723 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €1,587,476 | €1,316,691 | -€270,786 | -17.1% |
| Profit (loss) for the period | 9904 | €1,587,476 | €1,316,691 | -€270,786 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,587,476 | €1,316,691 | -€270,786 | -17.1% |
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 26 October 2026 via checked.be.