BOESC@FÉ: 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.
BOESC@FÉ
Largest movements
- Cash +€23,012
up €23,012 (+250%), from €9,218 to €32,230
mainly Trade debts (+€26,530) and Depreciation (+€21,619)
- Trade debts +€26,530
up €26,530 (+112%), from €23,618 to €50,148
- Debts after one year -€20,517
down €20,517 (-6.3%), from €326,733 to €306,216
- Reserves +€12,711
up €12,711 (+6.1%), from €206,701 to €219,411
- Accrued charges and deferred income +€7,703
up €7,703 (+262%), from €2,937 to €10,640
- Current portion of long-term debt -€7,176
down €7,176 (-25.9%), from €27,693 to €20,517
- Gross operating margin +€40,890
up €40,890 (+13.5%), from €303,508 to €344,398
- Financial income -€16,616
down €16,616 (-67.3%), from €24,683 to €8,067
of which Financial income: -€18,750
- Financial charges +€4,886
up €4,886 (+24.3%), from €20,096 to €24,982
of which Non-recurring financial charges: +€6,001
- Taxes +€3,999
up €3,999 (+180%), from €2,216 to €6,215
- Depreciation +€3,736
up €3,736 (+20.9%), from €17,882 to €21,619
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €637,223 | €666,047 | +€28,823 | +4.5% |
| Fixed assets | 21/28 | €458,622 | €464,572 | +€5,950 | +1.3% |
| Intangible fixed assets | 21 | €1,135 | €725 | -€410 | -36.1% |
| Tangible fixed assets | 22/27 | €457,488 | €463,848 | +€6,360 | +1.4% |
| Land and buildings | 22 | €440,892 | €433,984 | -€6,908 | -1.6% |
| Plant, machinery and equipment | 23 | €12,730 | €11,044 | -€1,686 | -13.2% |
| Furniture and vehicles | 24 | €3,865 | €18,819 | +€14,954 | +387% |
| Current assets | 29/58 | €178,601 | €201,474 | +€22,873 | +12.8% |
| Stocks and contracts in progress | 3 | €21,853 | €15,550 | -€6,302 | -28.8% |
| Stocks | 30/36 | €21,853 | €15,550 | -€6,302 | -28.8% |
| Amounts receivable within one year | 40/41 | €143,536 | €145,418 | +€1,882 | +1.3% |
| Trade receivables | 40 | €11,345 | €15,827 | +€4,482 | +39.5% |
| Other amounts receivable | 41 | €132,191 | €129,591 | -€2,601 | -2.0% |
| Cash at bank and in hand | 54/58 | €9,218 | €32,230 | +€23,012 | +250% |
| Deferred charges and accrued income | 490/1 | €3,994 | €8,276 | +€4,282 | +107% |
| Total equity and liabilities | 10/49 | €637,223 | €666,047 | +€28,823 | +4.5% |
| Equity | 10/15 | €213,001 | €225,711 | +€12,711 | +6.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €206,701 | €219,411 | +€12,711 | +6.1% |
| Distributable reserves | 133 | €206,701 | €219,411 | +€12,711 | +6.1% |
| Amounts payable | 17/49 | €424,223 | €440,336 | +€16,113 | +3.8% |
| Amounts payable after more than one year | 17 | €326,733 | €306,216 | -€20,517 | -6.3% |
| Financial debts | 170/4 | €326,733 | €306,216 | -€20,517 | -6.3% |
| Amounts payable within one year | 42/48 | €94,553 | €123,479 | +€28,926 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €27,693 | €20,517 | -€7,176 | -25.9% |
| Trade debts | 44 | €23,618 | €50,148 | +€26,530 | +112% |
| Suppliers | 440/4 | €23,618 | €50,148 | +€26,530 | +112% |
| Taxes, remuneration and social security | 45 | €43,241 | €46,261 | +€3,020 | +7.0% |
| Taxes | 450/3 | €18,112 | €28,881 | +€10,769 | +59.5% |
| Remuneration and social security | 454/9 | €25,129 | €17,380 | -€7,749 | -30.8% |
| Other amounts payable | 47/48 | - | €6,552 | +€6,552 | |
| Accrued charges and deferred income | 492/3 | €2,937 | €10,640 | +€7,703 | +262% |
| Non-recurring operating income | 76A | €60 | - | -€60 | |
| Remuneration, social security and pensions | 62 | €280,652 | €278,996 | -€1,656 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,882 | €21,619 | +€3,736 | +20.9% |
| Other operating charges | 640/8 | €5,821 | €7,942 | +€2,121 | +36.4% |
| Gross operating margin | 9900 | €303,508 | €344,398 | +€40,890 | +13.5% |
| Operating profit (loss) | 9901 | -€848 | €35,841 | +€36,688 | |
| Financial income | 75/76B | €24,683 | €8,067 | -€16,616 | -67.3% |
| Recurring financial income | 75 | €24,683 | €5,933 | -€18,750 | -76.0% |
| Non-recurring financial income | 76B | - | €2,135 | +€2,135 | |
| Financial charges | 65/66B | €20,096 | €24,982 | +€4,886 | +24.3% |
| Recurring financial charges | 65 | €20,096 | €18,981 | -€1,115 | -5.5% |
| Non-recurring financial charges | 66B | - | €6,001 | +€6,001 | |
| Profit (loss) for the period before taxes | 9903 | €3,740 | €18,926 | +€15,186 | +406% |
| Income taxes | 67/77 | €2,216 | €6,215 | +€3,999 | +180% |
| Profit (loss) for the period | 9904 | €1,524 | €12,711 | +€11,187 | +734% |
| Profit (loss) for the period to be appropriated | 9905 | €1,524 | €12,711 | +€11,187 | +734% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.