BOEMERANG: 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.
BOEMERANG
Largest movements
- Tangible fixed assets +€73,257
up €73,257 (+2,094%), from €3,499 to €76,756
of which Other tangible fixed assets: +€74,737
- Receivables within one year +€14,510
up €14,510 (+12.0%), from €121,390 to €135,899
of which Other amounts receivable: +€34,974
- Cash +€4,757
up €4,757 (+55.8%), from €8,530 to €13,286
- Deferred charges and accrued income -€2,397
down €2,397 (-83.3%), from €2,879 to €482
- Profit (loss) carried forward -€82,206
down €82,206 (-100%), from €82,206 to €0
- Reserves +€66,527
up €66,527 (+5,719%), from €1,163 to €67,690
of which Distributable reserves: +€67,690
- Debts after one year +€52,177
new in 2025: €52,177
- Trade debts +€38,888
up €38,888 (+226%), from €17,219 to €56,107
- Current portion of long-term debt +€11,276
new in 2025: €11,276
- Staff costs +€51,678
up €51,678 (+2,251%), from €2,296 to €53,974
- Gross operating margin +€37,728
up €37,728 (+76.7%), from €49,215 to €86,943
- Financial charges +€22,957
up €22,957 (+554%), from €4,147 to €27,104
- Taxes -€9,752
down €9,752 (-52.8%), from €18,454 to €8,702
- Other operating charges +€4,399
up €4,399 (+95.8%), from €4,594 to €8,993
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,189 | €239,123 | +€90,934 | +61.4% |
| Fixed assets | 21/28 | €3,499 | €76,756 | +€73,257 | +2,094% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,499 | €76,756 | +€73,257 | +2,094% |
| Plant, machinery and equipment | 23 | €3,499 | €2,019 | -€1,479 | -42.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | €74,737 | +€74,737 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €144,690 | €162,367 | +€17,677 | +12.2% |
| Stocks and contracts in progress | 3 | €11,892 | €12,699 | +€807 | +6.8% |
| Stocks | 30/36 | €11,892 | €12,699 | +€807 | +6.8% |
| Amounts receivable within one year | 40/41 | €121,390 | €135,899 | +€14,510 | +12.0% |
| Trade receivables | 40 | €55,672 | €35,209 | -€20,464 | -36.8% |
| Other amounts receivable | 41 | €65,717 | €100,691 | +€34,974 | +53.2% |
| Cash at bank and in hand | 54/58 | €8,530 | €13,286 | +€4,757 | +55.8% |
| Deferred charges and accrued income | 490/1 | €2,879 | €482 | -€2,397 | -83.3% |
| Total equity and liabilities | 10/49 | €148,189 | €239,123 | +€90,934 | +61.4% |
| Equity | 10/15 | €89,569 | €73,890 | -€15,679 | -17.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,163 | €67,690 | +€66,527 | +5,719% |
| Non-distributable reserves | 130/1 | €1,163 | €0 | -€1,163 | -100% |
| Reserves not available under the articles | 1311 | €1,163 | €0 | -€1,163 | -100% |
| Distributable reserves | 133 | - | €67,690 | +€67,690 | |
| Profit (loss) carried forward | 14 | €82,206 | €0 | -€82,206 | -100% |
| Amounts payable | 17/49 | €58,620 | €165,233 | +€106,613 | +182% |
| Amounts payable after more than one year | 17 | - | €52,177 | +€52,177 | |
| Financial debts | 170/4 | - | €52,177 | +€52,177 | |
| Amounts payable within one year | 42/48 | €58,620 | €113,056 | +€54,436 | +92.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,276 | +€11,276 | |
| Trade debts | 44 | €17,219 | €56,107 | +€38,888 | +226% |
| Suppliers | 440/4 | €17,219 | €56,107 | +€38,888 | +226% |
| Taxes, remuneration and social security | 45 | €35,322 | €45,673 | +€10,351 | +29.3% |
| Taxes | 450/3 | €35,322 | €38,025 | +€2,704 | +7.7% |
| Remuneration and social security | 454/9 | - | €7,647 | +€7,647 | |
| Other amounts payable | 47/48 | €6,079 | €0 | -€6,079 | -100% |
| Remuneration, social security and pensions | 62 | €2,296 | €53,974 | +€51,678 | +2,251% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,077 | €5,806 | +€2,729 | +88.7% |
| Other operating charges | 640/8 | €4,594 | €8,993 | +€4,399 | +95.8% |
| Gross operating margin | 9900 | €49,215 | €86,943 | +€37,728 | +76.7% |
| Operating profit (loss) | 9901 | €39,248 | €18,170 | -€21,078 | -53.7% |
| Financial income | 75/76B | €3,172 | €1,958 | -€1,214 | -38.3% |
| Recurring financial income | 75 | €3,172 | €1,958 | -€1,214 | -38.3% |
| Financial charges | 65/66B | €4,147 | €27,104 | +€22,957 | +554% |
| Recurring financial charges | 65 | €4,147 | €27,104 | +€22,957 | +554% |
| Profit (loss) for the period before taxes | 9903 | €38,273 | -€6,977 | -€45,250 | |
| Income taxes | 67/77 | €18,454 | €8,702 | -€9,752 | -52.8% |
| Profit (loss) for the period | 9904 | €19,819 | -€15,679 | -€35,498 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,819 | -€15,679 | -€35,498 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.