BOES en CO: what changed
BOES en CO
Largest movements
- Receivables within one year -€96,044
down €96,044 (-27.3%), from €351,636 to €255,592
of which Trade receivables: -€95,367
- Cash +€80,302
up €80,302 (+17.8%), from €452,184 to €532,486
mainly Receivables within one year (+€96,044) and Net result for the year (+€52,447)
- Trade debts -€85,472
down €85,472 (-23.1%), from €369,296 to €283,824
- Reserves +€52,448
up €52,448 (+16.6%), from €315,604 to €368,052
of which Distributable reserves: +€52,448
- Tax, wage and social debts +€30,079
up €30,079 (+55.5%), from €54,202 to €84,281
of which Taxes: +€32,697
- Other debts -€17,718
down €17,718 (-71.3%), from €24,848 to €7,130
- Gross operating margin -€150,828
down €150,828 (-63.8%), from €236,339 to €85,511
- Staff costs -€40,542
down €40,542 (-86.0%), from €47,137 to €6,595
- Taxes -€36,558
down €36,558 (-63.5%), from €57,613 to €21,055
- Write-downs +€8,598
no longer reported in 2025 (was -€8,598)
- Other operating charges -€2,536
down €2,536 (-46.0%), from €5,514 to €2,978
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €843,077 | €822,414 | -€20,663 | -2.5% |
| Current assets | 29/58 | €843,077 | €822,414 | -€20,663 | -2.5% |
| Stocks and contracts in progress | 3 | €39,257 | €34,337 | -€4,920 | -12.5% |
| Stocks | 30/36 | €39,257 | €34,337 | -€4,920 | -12.5% |
| Amounts receivable within one year | 40/41 | €351,636 | €255,592 | -€96,044 | -27.3% |
| Trade receivables | 40 | €350,959 | €255,592 | -€95,367 | -27.2% |
| Other amounts receivable | 41 | €677 | - | -€677 | |
| Cash at bank and in hand | 54/58 | €452,184 | €532,486 | +€80,302 | +17.8% |
| Total equity and liabilities | 10/49 | €843,077 | €822,414 | -€20,663 | -2.5% |
| Equity | 10/15 | €394,731 | €447,179 | +€52,448 | +13.3% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €315,604 | €368,052 | +€52,448 | +16.6% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €311,884 | €364,332 | +€52,448 | +16.8% |
| Profit (loss) carried forward | 14 | €41,927 | €41,927 | = | 0.0% |
| Amounts payable | 17/49 | €448,346 | €375,236 | -€73,110 | -16.3% |
| Amounts payable within one year | 42/48 | €448,346 | €375,236 | -€73,110 | -16.3% |
| Trade debts | 44 | €369,296 | €283,824 | -€85,472 | -23.1% |
| Suppliers | 440/4 | €369,296 | €283,824 | -€85,472 | -23.1% |
| Taxes, remuneration and social security | 45 | €54,202 | €84,281 | +€30,079 | +55.5% |
| Taxes | 450/3 | €51,523 | €84,220 | +€32,697 | +63.5% |
| Remuneration and social security | 454/9 | €2,679 | €62 | -€2,617 | -97.7% |
| Other amounts payable | 47/48 | €24,848 | €7,130 | -€17,718 | -71.3% |
| Remuneration, social security and pensions | 62 | €47,137 | €6,595 | -€40,542 | -86.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,598 | - | +€8,598 | |
| Other operating charges | 640/8 | €5,514 | €2,978 | -€2,536 | -46.0% |
| Non-recurring operating charges | 66A | €8,037 | - | -€8,037 | |
| Gross operating margin | 9900 | €236,339 | €85,511 | -€150,828 | -63.8% |
| Operating profit (loss) | 9901 | €184,249 | €75,937 | -€108,312 | -58.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,071 | €2,436 | +€365 | +17.6% |
| Recurring financial charges | 65 | €2,071 | €2,436 | +€365 | +17.6% |
| Non-recurring financial charges | 66B | €2,071 | - | -€2,071 | |
| Profit (loss) for the period before taxes | 9903 | €182,178 | €73,502 | -€108,676 | -59.7% |
| Income taxes | 67/77 | €57,613 | €21,055 | -€36,558 | -63.5% |
| Profit (loss) for the period | 9904 | €124,565 | €52,447 | -€72,118 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,565 | €52,447 | -€72,118 | -57.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.