BOEL DRUKKERIJ: what changed
BOEL DRUKKERIJ
Largest movements
- Receivables within one year -€33,658
down €33,658 (-51.8%), from €64,983 to €31,326
of which Trade receivables: -€34,398
- Tangible fixed assets -€23,003
down €23,003 (-19.5%), from €117,999 to €94,997
of which Leasing and similar rights: -€33,833
- Cash -€22,645
down €22,645 (-50.1%), from €45,180 to €22,535
mainly Trade debts (-€39,177) and Investment in fixed assets (net) (-€20,229)
- Trade debts -€39,177
down €39,177 (-72.3%), from €54,216 to €15,039
- Debts after one year -€19,179
down €19,179 (-24.4%), from €78,741 to €59,561
- Tax, wage and social debts -€17,712
down €17,712 (-65.8%), from €26,936 to €9,224
of which Taxes: -€12,347
- Other debts -€4,199
down €4,199 (-77.7%), from €5,405 to €1,206
- Gross operating margin -€36,013
down €36,013 (-20.9%), from €172,272 to €136,260
- Depreciation +€27,077
up €27,077 (+168%), from €16,155 to €43,232
- Taxes -€14,019
down €14,019 (-92.6%), from €15,141 to €1,123
- Staff costs -€13,574
down €13,574 (-13.9%), from €97,356 to €83,782
- Financial charges -€2,119
down €2,119 (-22.8%), from €9,285 to €7,167
of which Non-recurring financial charges: -€1,372
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,657 | €188,874 | -€77,783 | -29.2% |
| Fixed assets | 21/28 | €118,018 | €95,015 | -€23,003 | -19.5% |
| Tangible fixed assets | 22/27 | €117,999 | €94,997 | -€23,003 | -19.5% |
| Land and buildings | 22 | €1,149 | €234 | -€915 | -79.7% |
| Plant, machinery and equipment | 23 | €20,907 | €33,554 | +€12,647 | +60.5% |
| Furniture and vehicles | 24 | €2,541 | €1,639 | -€901 | -35.5% |
| Leasing and similar rights | 25 | €93,403 | €59,569 | -€33,833 | -36.2% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €148,639 | €93,859 | -€54,780 | -36.9% |
| Stocks and contracts in progress | 3 | €30,051 | €30,611 | +€560 | +1.9% |
| Stocks | 30/36 | €30,051 | €30,611 | +€560 | +1.9% |
| Amounts receivable within one year | 40/41 | €64,983 | €31,326 | -€33,658 | -51.8% |
| Trade receivables | 40 | €54,504 | €20,105 | -€34,398 | -63.1% |
| Other amounts receivable | 41 | €10,480 | €11,220 | +€741 | +7.1% |
| Cash at bank and in hand | 54/58 | €45,180 | €22,535 | -€22,645 | -50.1% |
| Deferred charges and accrued income | 490/1 | €8,424 | €9,387 | +€963 | +11.4% |
| Total equity and liabilities | 10/49 | €266,657 | €188,874 | -€77,783 | -29.2% |
| Equity | 10/15 | €80,540 | €82,164 | +€1,624 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,089 | €41,714 | +€1,624 | +4.1% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €36,589 | €38,214 | +€1,624 | +4.4% |
| Profit (loss) carried forward | 14 | €21,850 | €21,850 | = | 0.0% |
| Amounts payable | 17/49 | €186,117 | €106,710 | -€79,407 | -42.7% |
| Amounts payable after more than one year | 17 | €78,741 | €59,561 | -€19,179 | -24.4% |
| Financial debts | 170/4 | €78,741 | €59,561 | -€19,179 | -24.4% |
| Amounts payable within one year | 42/48 | €107,376 | €47,149 | -€60,227 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €18,319 | €19,179 | +€861 | +4.7% |
| Financial debts | 43 | €2,500 | €2,500 | = | 0.0% |
| Credit institutions | 430/8 | €2,500 | €2,500 | = | 0.0% |
| Trade debts | 44 | €54,216 | €15,039 | -€39,177 | -72.3% |
| Suppliers | 440/4 | €54,216 | €15,039 | -€39,177 | -72.3% |
| Taxes, remuneration and social security | 45 | €26,936 | €9,224 | -€17,712 | -65.8% |
| Taxes | 450/3 | €15,826 | €3,479 | -€12,347 | -78.0% |
| Remuneration and social security | 454/9 | €11,111 | €5,746 | -€5,365 | -48.3% |
| Other amounts payable | 47/48 | €5,405 | €1,206 | -€4,199 | -77.7% |
| Remuneration, social security and pensions | 62 | €97,356 | €83,782 | -€13,574 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,155 | €43,232 | +€27,077 | +168% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €898 | - | -€898 | |
| Other operating charges | 640/8 | €1,511 | €888 | -€623 | -41.2% |
| Gross operating margin | 9900 | €172,272 | €136,260 | -€36,013 | -20.9% |
| Operating profit (loss) | 9901 | €56,352 | €8,358 | -€47,994 | -85.2% |
| Financial income | 75/76B | €2,804 | €1,555 | -€1,249 | -44.5% |
| Recurring financial income | 75 | €677 | €1,555 | +€878 | +130% |
| Non-recurring financial income | 76B | €2,127 | - | -€2,127 | |
| Financial charges | 65/66B | €9,285 | €7,167 | -€2,119 | -22.8% |
| Recurring financial charges | 65 | €7,913 | €7,167 | -€747 | -9.4% |
| Non-recurring financial charges | 66B | €1,372 | - | -€1,372 | |
| Profit (loss) for the period before taxes | 9903 | €49,871 | €2,747 | -€47,124 | -94.5% |
| Income taxes | 67/77 | €15,141 | €1,123 | -€14,019 | -92.6% |
| Profit (loss) for the period | 9904 | €34,729 | €1,624 | -€33,105 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,729 | €1,624 | -€33,105 | -95.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.