BOENDAEL: 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.
BOENDAEL
Largest movements
- Cash -€15,461
down €15,461 (-20.5%), from €75,294 to €59,832
mainly Other debts (-€9,584) and Net result for the year (-€7,313)
- Other debts -€9,584
down €9,584 (-95.8%), from €10,000 to €416
- Profit (loss) carried forward -€7,313
down €7,313 (-29.3%), from €24,964 to €17,651
- Gross operating margin -€15,774
down €15,774 (-89.5%), from €17,630 to €1,856
- Taxes -€5,026
down €5,026 (-99.8%), from €5,033 to €8
- Financial income -€2,905
down €2,905 (-54.3%), from €5,352 to €2,448
- Depreciation +€853
up €853 (+19.8%), from €4,317 to €5,169
- Other operating charges +€480
up €480 (+18.7%), from €2,561 to €3,041
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 | €536,706 | €518,701 | -€18,005 | -3.4% |
| Fixed assets | 21/28 | €23,351 | €21,098 | -€2,254 | -9.7% |
| Tangible fixed assets | 22/27 | €20,476 | €21,098 | +€622 | +3.0% |
| Land and buildings | 22 | €20,476 | €21,098 | +€622 | +3.0% |
| Financial fixed assets | 28 | €2,876 | €0 | -€2,876 | -100.0% |
| Current assets | 29/58 | €513,355 | €497,604 | -€15,751 | -3.1% |
| Stocks and contracts in progress | 3 | €120,539 | €120,539 | = | 0.0% |
| Stocks | 30/36 | €120,539 | €120,539 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,522 | €15,000 | -€2,522 | -14.4% |
| Trade receivables | 40 | €2,410 | €0 | -€2,410 | -100.0% |
| Other amounts receivable | 41 | €15,112 | €15,000 | -€112 | -0.7% |
| Current investments | 50/53 | €300,000 | €302,232 | +€2,232 | +0.7% |
| Cash at bank and in hand | 54/58 | €75,294 | €59,832 | -€15,461 | -20.5% |
| Total equity and liabilities | 10/49 | €536,706 | €518,701 | -€18,005 | -3.4% |
| Equity | 10/15 | €525,598 | €518,285 | -€7,313 | -1.4% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €401,476 | €401,476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €391,561 | €391,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,964 | €17,651 | -€7,313 | -29.3% |
| Amounts payable | 17/49 | €11,108 | €416 | -€10,692 | -96.3% |
| Amounts payable within one year | 42/48 | €11,108 | €416 | -€10,692 | -96.3% |
| Trade debts | 44 | €30 | €0 | -€30 | -100.0% |
| Suppliers | 440/4 | €30 | €0 | -€30 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,079 | €0 | -€1,079 | -100.0% |
| Taxes | 450/3 | €1,079 | €0 | -€1,079 | -100.0% |
| Other amounts payable | 47/48 | €10,000 | €416 | -€9,584 | -95.8% |
| Non-recurring operating income | 76A | - | €16 | +€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,317 | €5,169 | +€853 | +19.8% |
| Other operating charges | 640/8 | €2,561 | €3,041 | +€480 | +18.7% |
| Non-recurring operating charges | 66A | - | €2,876 | +€2,876 | |
| Gross operating margin | 9900 | €17,630 | €1,856 | -€15,774 | -89.5% |
| Operating profit (loss) | 9901 | €10,752 | -€9,229 | -€19,982 | |
| Financial income | 75/76B | €5,352 | €2,448 | -€2,905 | -54.3% |
| Recurring financial income | 75 | €5,352 | €2,448 | -€2,905 | -54.3% |
| Financial charges | 65/66B | €286 | €523 | +€238 | +83.2% |
| Recurring financial charges | 65 | €286 | €310 | +€24 | +8.6% |
| Non-recurring financial charges | 66B | €0 | €213 | +€213 | +710600.0% |
| Profit (loss) for the period before taxes | 9903 | €15,819 | -€7,305 | -€23,124 | |
| Income taxes | 67/77 | €5,033 | €8 | -€5,026 | -99.8% |
| Profit (loss) for the period | 9904 | €10,786 | -€7,313 | -€18,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,786 | -€7,313 | -€18,099 |
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 30 September 2026 via checked.be.