BOENDERS: 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.
BOENDERS
Largest movements
- Cash +€147,683
up €147,683 (+62.4%), from €236,814 to €384,498
mainly Receivables within one year (+€138,496) and Other debts (+€132,000)
- Receivables within one year -€138,496
down €138,496 (-56.4%), from €245,441 to €106,945
of which Trade receivables: -€80,026
- Other debts +€132,000
up €132,000 (+38,823,606%), from €0 to €132,001
- Reserves -€67,400
down €67,400 (-16.2%), from €416,141 to €348,741
- Trade debts -€55,024
down €55,024 (-84.7%), from €64,932 to €9,908
- Staff costs +€14,257
new in 2025: €14,257
- Depreciation -€9,736
down €9,736 (-43.0%), from €22,639 to €12,903
- Taxes -€4,014
down €4,014 (-10.1%), from €39,707 to €35,693
- Financial income -€2,977
down €2,977 (-100%), from €2,977 to €0
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 | €544,767 | €557,031 | +€12,264 | +2.3% |
| Fixed assets | 21/28 | €55,348 | €57,189 | +€1,841 | +3.3% |
| Tangible fixed assets | 22/27 | €55,348 | €57,189 | +€1,841 | +3.3% |
| Plant, machinery and equipment | 23 | €4,616 | €11,405 | +€6,788 | +147% |
| Furniture and vehicles | 24 | €50,732 | €45,784 | -€4,947 | -9.8% |
| Current assets | 29/58 | €489,419 | €499,842 | +€10,423 | +2.1% |
| Amounts receivable within one year | 40/41 | €245,441 | €106,945 | -€138,496 | -56.4% |
| Trade receivables | 40 | €145,172 | €65,146 | -€80,026 | -55.1% |
| Other amounts receivable | 41 | €100,269 | €41,799 | -€58,470 | -58.3% |
| Cash at bank and in hand | 54/58 | €236,814 | €384,498 | +€147,683 | +62.4% |
| Deferred charges and accrued income | 490/1 | €7,164 | €8,399 | +€1,236 | +17.2% |
| Total equity and liabilities | 10/49 | €544,767 | €557,031 | +€12,264 | +2.3% |
| Equity | 10/15 | €446,052 | €378,653 | -€67,400 | -15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €416,141 | €348,741 | -€67,400 | -16.2% |
| Distributable reserves | 133 | €416,141 | €348,741 | -€67,400 | -16.2% |
| Profit (loss) carried forward | 14 | €17,512 | €17,512 | = | 0.0% |
| Amounts payable | 17/49 | €98,715 | €178,378 | +€79,664 | +80.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €98,215 | €177,878 | +€79,664 | +81.1% |
| Current portion of amounts payable after more than one year | 42 | €9,436 | €8,073 | -€1,364 | -14.4% |
| Trade debts | 44 | €64,932 | €9,908 | -€55,024 | -84.7% |
| Suppliers | 440/4 | €64,932 | €9,908 | -€55,024 | -84.7% |
| Taxes, remuneration and social security | 45 | €23,845 | €27,897 | +€4,051 | +17.0% |
| Taxes | 450/3 | €21,402 | €23,374 | +€1,972 | +9.2% |
| Remuneration and social security | 454/9 | €2,443 | €4,523 | +€2,079 | +85.1% |
| Other amounts payable | 47/48 | €0 | €132,001 | +€132,000 | +38,823,606% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €2,303 | +€2,303 | |
| Remuneration, social security and pensions | 62 | - | €14,257 | +€14,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,639 | €12,903 | -€9,736 | -43.0% |
| Other operating charges | 640/8 | €5,174 | €3,796 | -€1,378 | -26.6% |
| Non-recurring operating charges | 66A | €2,001 | €8,573 | +€6,572 | +328% |
| Gross operating margin | 9900 | €157,502 | €158,835 | +€1,332 | +0.8% |
| Operating profit (loss) | 9901 | €127,688 | €119,305 | -€8,382 | -6.6% |
| Financial income | 75/76B | €2,977 | €0 | -€2,977 | -100% |
| Recurring financial income | 75 | €2,977 | €0 | -€2,977 | -100% |
| Financial charges | 65/66B | €516 | €1,012 | +€496 | +96.0% |
| Recurring financial charges | 65 | €516 | €1,012 | +€496 | +96.0% |
| Profit (loss) for the period before taxes | 9903 | €130,148 | €118,293 | -€11,855 | -9.1% |
| Income taxes | 67/77 | €39,707 | €35,693 | -€4,014 | -10.1% |
| Profit (loss) for the period | 9904 | €90,441 | €82,600 | -€7,841 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,441 | €82,600 | -€7,841 | -8.7% |
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 26 October 2026 via checked.be.