BOEKEJAN: 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.
BOEKEJAN
Largest movements
- Tangible fixed assets +€134,080
up €134,080 (+14.0%), from €957,832 to €1.1m
of which Land and buildings: +€71,092
- Cash -€104,420
down €104,420 (-77.4%), from €134,895 to €30,476
mainly Investment in fixed assets (net) (-€204,012) and Other debts (-€16,024)
- Profit (loss) carried forward +€55,993
up €55,993, from -€55,993 to €0
- Other debts -€16,024
down €16,024 (-23.1%), from €69,450 to €53,426
- Reserves -€13,800
down €13,800 (-4.1%), from €339,140 to €325,339
of which Tax-exempt reserves: -€42,100
- Gross operating margin +€108,337
up €108,337 (+204%), from €53,207 to €161,543
- Depreciation +€24,791
up €24,791 (+54.9%), from €45,141 to €69,932
- Taxes -€15,584
down €15,584 (-36.4%), from €42,781 to €27,197
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 | €1,110,351 | €1,146,075 | +€35,724 | +3.2% |
| Fixed assets | 21/28 | €957,832 | €1,091,912 | +€134,080 | +14.0% |
| Tangible fixed assets | 22/27 | €957,832 | €1,091,912 | +€134,080 | +14.0% |
| Land and buildings | 22 | €875,911 | €947,003 | +€71,092 | +8.1% |
| Plant, machinery and equipment | 23 | €36,186 | €31,396 | -€4,790 | -13.2% |
| Furniture and vehicles | 24 | €45,736 | €113,514 | +€67,778 | +148% |
| Current assets | 29/58 | €152,519 | €54,163 | -€98,356 | -64.5% |
| Amounts receivable within one year | 40/41 | €16,170 | €22,053 | +€5,883 | +36.4% |
| Trade receivables | 40 | €6,115 | €16,909 | +€10,793 | +176% |
| Other amounts receivable | 41 | €10,055 | €5,145 | -€4,910 | -48.8% |
| Cash at bank and in hand | 54/58 | €134,895 | €30,476 | -€104,420 | -77.4% |
| Deferred charges and accrued income | 490/1 | €1,453 | €1,633 | +€180 | +12.4% |
| Total equity and liabilities | 10/49 | €1,110,351 | €1,146,075 | +€35,724 | +3.2% |
| Equity | 10/15 | €289,347 | €331,539 | +€42,192 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €339,140 | €325,339 | -€13,800 | -4.1% |
| Tax-exempt reserves | 132 | €111,565 | €69,465 | -€42,100 | -37.7% |
| Distributable reserves | 133 | €227,575 | €255,874 | +€28,300 | +12.4% |
| Profit (loss) carried forward | 14 | -€55,993 | €0 | +€55,993 | |
| Amounts payable | 17/49 | €821,004 | €814,535 | -€6,469 | -0.8% |
| Amounts payable after more than one year | 17 | €670,845 | €682,095 | +€11,250 | +1.7% |
| Financial debts | 170/4 | €670,845 | €682,095 | +€11,250 | +1.7% |
| Amounts payable within one year | 42/48 | €150,159 | €132,440 | -€17,718 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €62,569 | €60,481 | -€2,088 | -3.3% |
| Trade debts | 44 | €6,935 | €5,050 | -€1,885 | -27.2% |
| Suppliers | 440/4 | €6,935 | €5,050 | -€1,885 | -27.2% |
| Taxes, remuneration and social security | 45 | €11,205 | €13,484 | +€2,279 | +20.3% |
| Taxes | 450/3 | €11,205 | €13,484 | +€2,279 | +20.3% |
| Other amounts payable | 47/48 | €69,450 | €53,426 | -€16,024 | -23.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,141 | €69,932 | +€24,791 | +54.9% |
| Other operating charges | 640/8 | €3,367 | €4,659 | +€1,291 | +38.4% |
| Non-recurring operating charges | 66A | €0 | €656 | +€656 | |
| Gross operating margin | 9900 | €53,207 | €161,543 | +€108,337 | +204% |
| Operating profit (loss) | 9901 | €4,698 | €86,297 | +€81,599 | +1,737% |
| Financial income | 75/76B | €923 | €1,008 | +€86 | +9.3% |
| Recurring financial income | 75 | €923 | €1,008 | +€86 | +9.3% |
| Financial charges | 65/66B | €19,205 | €17,916 | -€1,289 | -6.7% |
| Recurring financial charges | 65 | €19,205 | €17,916 | -€1,289 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,584 | €69,389 | +€82,973 | |
| Income taxes | 67/77 | €42,781 | €27,197 | -€15,584 | -36.4% |
| Profit (loss) for the period | 9904 | -€56,365 | €42,192 | +€98,558 | |
| Transfer from tax-exempt reserves | 789 | €21,050 | €42,100 | +€21,050 | +100% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,315 | €84,292 | +€119,608 |
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 14 October 2026 via checked.be.