Boeleke: 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.
Boeleke
Largest movements
- Tangible fixed assets +€129,683
up €129,683 (+71.1%), from €182,370 to €312,052
of which Land and buildings: +€117,350
- Receivables within one year +€43,922
up €43,922 (+85.1%), from €51,638 to €95,561
of which Trade receivables: +€26,890
- Other debts +€73,831
up €73,831 (+234.1%), from €31,543 to €105,374
- Debts after one year +€69,869
up €69,869 (+53.9%), from €129,522 to €199,391
- Reserves +€30,948
up €30,948 (+75.0%), from €41,271 to €72,219
- Current portion of long-term debt +€13,321
up €13,321 (+205.3%), from €6,489 to €19,810
- Advances received -€12,000
no longer reported in 2025 (was €12,000)
- Gross operating margin +€26,950
up €26,950 (+58.3%), from €46,215 to €73,165
- Other operating charges +€13,253
up €13,253 (+1729.1%), from €766 to €14,019
- Financial charges +€3,774
up €3,774 (+80.8%), from €4,674 to €8,448
- Depreciation +€1,966
up €1,966 (+20.1%), from €9,795 to €11,761
- Taxes +€1,656
up €1,656 (+26.2%), from €6,333 to €7,989
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 | €242,997 | €420,803 | +€177,806 | +73.2% |
| Fixed assets | 21/28 | €182,370 | €312,052 | +€129,683 | +71.1% |
| Tangible fixed assets | 22/27 | €182,370 | €312,052 | +€129,683 | +71.1% |
| Land and buildings | 22 | €174,752 | €292,102 | +€117,350 | +67.2% |
| Plant, machinery and equipment | 23 | €2,098 | €9,391 | +€7,293 | +347.5% |
| Furniture and vehicles | 24 | €5,519 | €10,559 | +€5,040 | +91.3% |
| Current assets | 29/58 | €60,627 | €108,750 | +€48,123 | +79.4% |
| Amounts receivable within one year | 40/41 | €51,638 | €95,561 | +€43,922 | +85.1% |
| Trade receivables | 40 | €35,500 | €62,390 | +€26,890 | +75.7% |
| Other amounts receivable | 41 | €16,138 | €33,171 | +€17,032 | +105.5% |
| Cash at bank and in hand | 54/58 | €8,829 | €13,005 | +€4,176 | +47.3% |
| Deferred charges and accrued income | 490/1 | €159 | €185 | +€26 | +16.0% |
| Total equity and liabilities | 10/49 | €242,997 | €420,803 | +€177,806 | +73.2% |
| Equity | 10/15 | €46,271 | €77,219 | +€30,948 | +66.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,271 | €72,219 | +€30,948 | +75.0% |
| Distributable reserves | 133 | €41,271 | €72,219 | +€30,948 | +75.0% |
| Amounts payable | 17/49 | €196,726 | €343,584 | +€146,858 | +74.7% |
| Amounts payable after more than one year | 17 | €129,522 | €199,391 | +€69,869 | +53.9% |
| Financial debts | 170/4 | €129,522 | €199,391 | +€69,869 | +53.9% |
| Amounts payable within one year | 42/48 | €67,204 | €144,193 | +€76,989 | +114.6% |
| Current portion of amounts payable after more than one year | 42 | €6,489 | €19,810 | +€13,321 | +205.3% |
| Trade debts | 44 | €778 | €1,108 | +€330 | +42.4% |
| Suppliers | 440/4 | €778 | €1,108 | +€330 | +42.4% |
| Advances received on contracts in progress | 46 | €12,000 | - | -€12,000 | |
| Taxes, remuneration and social security | 45 | €16,394 | €17,901 | +€1,507 | +9.2% |
| Taxes | 450/3 | €14,644 | €17,901 | +€3,257 | +22.2% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €31,543 | €105,374 | +€73,831 | +234.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,795 | €11,761 | +€1,966 | +20.1% |
| Other operating charges | 640/8 | €766 | €14,019 | +€13,253 | +1729.1% |
| Gross operating margin | 9900 | €46,215 | €73,165 | +€26,950 | +58.3% |
| Operating profit (loss) | 9901 | €35,654 | €47,385 | +€11,731 | +32.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,674 | €8,448 | +€3,774 | +80.8% |
| Recurring financial charges | 65 | €4,674 | €8,448 | +€3,774 | +80.8% |
| Profit (loss) for the period before taxes | 9903 | €30,981 | €38,937 | +€7,956 | +25.7% |
| Income taxes | 67/77 | €6,333 | €7,989 | +€1,656 | +26.2% |
| Profit (loss) for the period | 9904 | €24,648 | €30,948 | +€6,300 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,648 | €30,948 | +€6,300 | +25.6% |
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 4 October 2026 via checked.be.