Boes & Leroy: what changed
Boes & Leroy
Largest movements
- Receivables within one year -€723,031
down €723,031 (-79.3%), from €911,556 to €188,525
of which Trade receivables: -€671,117
- Cash +€335,419
up €335,419 (+137%), from €244,480 to €579,899
mainly Receivables within one year (+€723,031) and Net result for the year (+€95,109)
- Deferred charges and accrued income -€13,971
down €13,971 (-51.7%), from €27,011 to €13,041
- Tax, wage and social debts -€580,083
down €580,083 (-84.0%), from €690,800 to €110,717
of which Remuneration and social security: -€612,420
- Reserves +€95,109
up €95,109 (+20.6%), from €462,567 to €557,676
of which Distributable reserves: +€95,109
- Trade debts +€82,252
up €82,252 (+134%), from €61,432 to €143,685
- Gross operating margin +€58,672
up €58,672 (+11.0%), from €531,293 to €589,965
- Other operating charges +€30,185
up €30,185 (+67.7%), from €44,571 to €74,756
- Staff costs -€27,632
down €27,632 (-6.7%), from €414,231 to €386,598
- Financial income -€12,054
down €12,054 (-37.4%), from €32,245 to €20,192
- Taxes +€10,454
up €10,454 (+43.9%), from €23,813 to €34,267
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 | €1,246,841 | €842,247 | -€404,594 | -32.4% |
| Fixed assets | 21/28 | €63,794 | €60,782 | -€3,012 | -4.7% |
| Tangible fixed assets | 22/27 | €63,794 | €60,782 | -€3,012 | -4.7% |
| Plant, machinery and equipment | 23 | €42,875 | €43,791 | +€915 | +2.1% |
| Furniture and vehicles | 24 | €20,919 | €16,992 | -€3,927 | -18.8% |
| Current assets | 29/58 | €1,183,047 | €781,465 | -€401,582 | -33.9% |
| Amounts receivable within one year | 40/41 | €911,556 | €188,525 | -€723,031 | -79.3% |
| Trade receivables | 40 | €820,000 | €148,883 | -€671,117 | -81.8% |
| Other amounts receivable | 41 | €91,556 | €39,642 | -€51,914 | -56.7% |
| Cash at bank and in hand | 54/58 | €244,480 | €579,899 | +€335,419 | +137% |
| Deferred charges and accrued income | 490/1 | €27,011 | €13,041 | -€13,971 | -51.7% |
| Total equity and liabilities | 10/49 | €1,246,841 | €842,247 | -€404,594 | -32.4% |
| Equity | 10/15 | €482,567 | €577,676 | +€95,109 | +19.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €462,567 | €557,676 | +€95,109 | +20.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,927 | €6,927 | = | 0.0% |
| Distributable reserves | 133 | €453,640 | €548,749 | +€95,109 | +21.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €764,274 | €264,571 | -€499,703 | -65.4% |
| Amounts payable within one year | 42/48 | €752,232 | €254,402 | -€497,830 | -66.2% |
| Trade debts | 44 | €61,432 | €143,685 | +€82,252 | +134% |
| Suppliers | 440/4 | €61,432 | €143,685 | +€82,252 | +134% |
| Taxes, remuneration and social security | 45 | €690,800 | €110,717 | -€580,083 | -84.0% |
| Taxes | 450/3 | €14,018 | €46,356 | +€32,338 | +231% |
| Remuneration and social security | 454/9 | €676,782 | €64,361 | -€612,420 | -90.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €12,042 | €10,169 | -€1,872 | -15.5% |
| Remuneration, social security and pensions | 62 | €414,231 | €386,598 | -€27,632 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,521 | €18,298 | +€2,777 | +17.9% |
| Other operating charges | 640/8 | €44,571 | €74,756 | +€30,185 | +67.7% |
| Gross operating margin | 9900 | €531,293 | €589,965 | +€58,672 | +11.0% |
| Operating profit (loss) | 9901 | €56,970 | €110,313 | +€53,343 | +93.6% |
| Financial income | 75/76B | €32,245 | €20,192 | -€12,054 | -37.4% |
| Recurring financial income | 75 | €32,245 | €20,192 | -€12,054 | -37.4% |
| Financial charges | 65/66B | €2,339 | €1,129 | -€1,210 | -51.7% |
| Recurring financial charges | 65 | €2,339 | €1,129 | -€1,210 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €86,876 | €129,376 | +€42,500 | +48.9% |
| Income taxes | 67/77 | €23,813 | €34,267 | +€10,454 | +43.9% |
| Profit (loss) for the period | 9904 | €63,063 | €95,109 | +€32,046 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,063 | €95,109 | +€32,046 | +50.8% |
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 7 November 2026 via checked.be.