BOEIENAST: what changed
Two fiscal 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.
BOEIENAST
Largest movements
- Cash +€32,435
up €32,435 (+36.6%), from €88,514 to €120,949
mainly Net result for the year (+€31,328) and Other debts (+€4,263)
- Receivables within one year +€7,061
up €7,061 (+15.4%), from €45,779 to €52,840
of which Other amounts receivable: +€7,061
- Reserves +€16,953
up €16,953 (+19.2%), from €88,225 to €105,178
of which Distributable reserves: +€16,953
- Profit (loss) carried forward +€14,375
up €14,375, from -€14,375 to €0
- Gross operating margin +€27,479
up €27,479 (+148.5%), from €18,507 to €45,986
- Financial income -€3,825
down €3,825 (-57.0%), from €6,707 to €2,882
- Taxes +€3,160
up €3,160, from €0 to €3,160
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 | €492,314 | €527,828 | +€35,513 | +7.2% |
| Fixed assets | 21/28 | €358,022 | €354,039 | -€3,983 | -1.1% |
| Tangible fixed assets | 22/27 | €358,022 | €354,039 | -€3,983 | -1.1% |
| Land and buildings | 22 | €358,022 | €354,039 | -€3,983 | -1.1% |
| Current assets | 29/58 | €134,293 | €173,789 | +€39,496 | +29.4% |
| Amounts receivable within one year | 40/41 | €45,779 | €52,840 | +€7,061 | +15.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €45,779 | €52,840 | +€7,061 | +15.4% |
| Cash at bank and in hand | 54/58 | €88,514 | €120,949 | +€32,435 | +36.6% |
| Total equity and liabilities | 10/49 | €492,314 | €527,828 | +€35,513 | +7.2% |
| Equity | 10/15 | €98,650 | €129,978 | +€31,328 | +31.8% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €88,225 | €105,178 | +€16,953 | +19.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €86,365 | €103,318 | +€16,953 | +19.6% |
| Profit (loss) carried forward | 14 | -€14,375 | €0 | +€14,375 | |
| Amounts payable | 17/49 | €393,664 | €397,850 | +€4,186 | +1.1% |
| Amounts payable within one year | 42/48 | €393,664 | €397,850 | +€4,186 | +1.1% |
| Trade debts | 44 | €2,673 | €1,122 | -€1,552 | -58.0% |
| Suppliers | 440/4 | €2,673 | €1,122 | -€1,552 | -58.0% |
| Taxes, remuneration and social security | 45 | €57 | €1,532 | +€1,475 | +2600.8% |
| Taxes | 450/3 | €57 | €1,532 | +€1,475 | +2600.8% |
| Other amounts payable | 47/48 | €390,934 | €395,197 | +€4,263 | +1.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,983 | €3,983 | = | 0.0% |
| Other operating charges | 640/8 | €9,953 | €10,136 | +€183 | +1.8% |
| Gross operating margin | 9900 | €18,507 | €45,986 | +€27,479 | +148.5% |
| Operating profit (loss) | 9901 | €4,571 | €31,867 | +€27,296 | +597.1% |
| Financial income | 75/76B | €6,707 | €2,882 | -€3,825 | -57.0% |
| Recurring financial income | 75 | €6,707 | €2,882 | -€3,825 | -57.0% |
| Financial charges | 65/66B | €243 | €261 | +€18 | +7.2% |
| Recurring financial charges | 65 | €243 | €261 | +€18 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €11,035 | €34,488 | +€23,453 | +212.5% |
| Income taxes | 67/77 | €0 | €3,160 | +€3,160 | |
| Profit (loss) for the period | 9904 | €11,035 | €31,328 | +€20,293 | +183.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,035 | €31,328 | +€20,293 | +183.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.