BOEN ELECTRICITE: 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.
BOEN ELECTRICITE
Largest movements
- Receivables within one year -€24,928
down €24,928 (-32.7%), from €76,172 to €51,245
of which Other amounts receivable: -€30,030
- Cash -€11,278
down €11,278 (-80.8%), from €13,961 to €2,683
mainly Contributions, distributions and other (-€28,571) and Trade debts (-€20,909)
- Tangible fixed assets -€10,334
down €10,334 (-36.0%), from €28,717 to €18,383
of which Land and buildings: -€6,107
- Trade debts -€20,909
down €20,909 (-54.3%), from €38,482 to €17,573
- Profit (loss) carried forward -€20,470
down €20,470 (-50.1%), from €40,823 to €20,354
- Other debts -€13,000
no longer reported in 2025 (was €13,000)
- Debts after one year +€9,195
new in 2025: €9,195
- Current portion of long-term debt -€8,000
no longer reported in 2025 (was €8,000)
- Staff costs +€19,161
up €19,161 (+36.0%), from €53,275 to €72,436
- Gross operating margin +€10,045
up €10,045 (+12.7%), from €79,213 to €89,257
- Depreciation -€5,206
down €5,206 (-50.8%), from €10,246 to €5,040
- Other operating charges -€2,353
down €2,353 (-72.4%), from €3,251 to €898
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 | €123,326 | €76,535 | -€46,791 | -37.9% |
| Fixed assets | 21/28 | €28,798 | €18,464 | -€10,334 | -35.9% |
| Tangible fixed assets | 22/27 | €28,717 | €18,383 | -€10,334 | -36.0% |
| Land and buildings | 22 | €6,107 | - | -€6,107 | |
| Furniture and vehicles | 24 | €22,610 | €18,383 | -€4,227 | -18.7% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €94,527 | €58,071 | -€36,457 | -38.6% |
| Amounts receivable within one year | 40/41 | €76,172 | €51,245 | -€24,928 | -32.7% |
| Trade receivables | 40 | €16,888 | €21,990 | +€5,102 | +30.2% |
| Other amounts receivable | 41 | €59,285 | €29,255 | -€30,030 | -50.7% |
| Cash at bank and in hand | 54/58 | €13,961 | €2,683 | -€11,278 | -80.8% |
| Deferred charges and accrued income | 490/1 | €4,394 | €4,143 | -€251 | -5.7% |
| Total equity and liabilities | 10/49 | €123,326 | €76,535 | -€46,791 | -37.9% |
| Equity | 10/15 | €48,889 | €28,419 | -€20,470 | -41.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,823 | €20,354 | -€20,470 | -50.1% |
| Amounts payable | 17/49 | €74,437 | €48,116 | -€26,321 | -35.4% |
| Amounts payable after more than one year | 17 | - | €9,195 | +€9,195 | |
| Financial debts | 170/4 | - | €9,195 | +€9,195 | |
| Amounts payable within one year | 42/48 | €74,437 | €38,921 | -€35,516 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | - | -€8,000 | |
| Financial debts | 43 | - | €2,271 | +€2,271 | |
| Credit institutions | 430/8 | - | €2,271 | +€2,271 | |
| Trade debts | 44 | €38,482 | €17,573 | -€20,909 | -54.3% |
| Suppliers | 440/4 | €38,482 | €17,573 | -€20,909 | -54.3% |
| Advances received on contracts in progress | 46 | €926 | €800 | -€125 | -13.5% |
| Taxes, remuneration and social security | 45 | €14,029 | €18,276 | +€4,247 | +30.3% |
| Taxes | 450/3 | €8,203 | €11,017 | +€2,813 | +34.3% |
| Remuneration and social security | 454/9 | €5,826 | €7,259 | +€1,433 | +24.6% |
| Other amounts payable | 47/48 | €13,000 | - | -€13,000 | |
| Remuneration, social security and pensions | 62 | €53,275 | €72,436 | +€19,161 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,246 | €5,040 | -€5,206 | -50.8% |
| Other operating charges | 640/8 | €3,251 | €898 | -€2,353 | -72.4% |
| Gross operating margin | 9900 | €79,213 | €89,257 | +€10,045 | +12.7% |
| Operating profit (loss) | 9901 | €12,441 | €10,883 | -€1,558 | -12.5% |
| Financial income | 75/76B | €3,040 | €2,941 | -€99 | -3.2% |
| Recurring financial income | 75 | €3,040 | €2,941 | -€99 | -3.2% |
| Financial charges | 65/66B | €1,228 | €1,653 | +€425 | +34.6% |
| Recurring financial charges | 65 | €1,228 | €1,653 | +€425 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €14,253 | €12,172 | -€2,082 | -14.6% |
| Income taxes | 67/77 | €4,481 | €4,070 | -€412 | -9.2% |
| Profit (loss) for the period | 9904 | €9,772 | €8,102 | -€1,670 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,772 | €8,102 | -€1,670 | -17.1% |
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 30 October 2026 via checked.be.