BOESKA: 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.
What changed
BOESKA
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,737
2024 · €19,114-€24,851
Equity
€161,264
2024 · €167,001-€5,737
Cash
€14,131
2024 · €21,131-€7,000
Balance sheet total
€1.1m
2024 · €1.2m-€59,992
Largest movements
Assets
- Tangible fixed assets -€51,422
down €51,422 (-4.6%), from €1.1m to €1.1m
of which Land and buildings: -€47,400
Equity and liabilities
- Debts after one year -€51,444
down €51,444 (-6.2%), from €834,766 to €783,322
Income statement
- Depreciation +€30,004
up €30,004 (+131%), from €22,893 to €52,897
- Staff costs +€14,532
up €14,532 (+287%), from €5,069 to €19,600
- Taxes -€10,127
no longer reported in 2025 (was €10,127)
- Gross operating margin +€9,074
up €9,074 (+11.8%), from €76,721 to €85,796
- Financial charges -€916
down €916 (-5.2%), from €17,743 to €16,827
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.
Result 2024
€19,114
Gross operating margin
+€9,074
Staff costs
-€14,532
Depreciation
-€30,004
Other operating charges
-€469
Financial income
+€36
Financial charges
+€916
Taxes
+€10,127
Result 2025
-€5,737
raises the resultlowers the result
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.
From operations
+€44,935
Investment
-€1,475
Financing
-€50,460
Cash 2024
€21,131
From operations (derived)
+€44,935
Net result for the year
-€5,737
Depreciation
+€52,897
Receivables within one year
+€1,441
Deferred charges and accrued income
+€128
Trade debts
-€803
Tax, wage and social debts
-€2,991
Investment (derived)
-€1,475
Investment in fixed assets (net)
-€1,475
Financing
-€50,460
Debts after one year
-€51,444
Current portion of long-term debt
+€983
Cash 2025
€14,131
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,160,623 | €1,100,631 | -€59,992 | -5.2% |
| Fixed assets | 21/28 | €1,121,804 | €1,070,382 | -€51,422 | -4.6% |
| Tangible fixed assets | 22/27 | €1,121,804 | €1,070,382 | -€51,422 | -4.6% |
| Land and buildings | 22 | €1,112,059 | €1,064,659 | -€47,400 | -4.3% |
| Plant, machinery and equipment | 23 | €7,303 | €4,318 | -€2,984 | -40.9% |
| Furniture and vehicles | 24 | €2,442 | €1,405 | -€1,038 | -42.5% |
| Current assets | 29/58 | €38,819 | €30,249 | -€8,570 | -22.1% |
| Amounts receivable within one year | 40/41 | €17,096 | €15,655 | -€1,441 | -8.4% |
| Trade receivables | 40 | €15,191 | €14,997 | -€193 | -1.3% |
| Other amounts receivable | 41 | €1,905 | €658 | -€1,248 | -65.5% |
| Cash at bank and in hand | 54/58 | €21,131 | €14,131 | -€7,000 | -33.1% |
| Deferred charges and accrued income | 490/1 | €592 | €464 | -€128 | -21.7% |
| Total equity and liabilities | 10/49 | €1,160,623 | €1,100,631 | -€59,992 | -5.2% |
| Equity | 10/15 | €167,001 | €161,264 | -€5,737 | -3.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Uncalled capital | 101 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €67,001 | €67,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €27,001 | €27,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,737 | -€5,737 | |
| Amounts payable | 17/49 | €993,622 | €939,368 | -€54,254 | -5.5% |
| Amounts payable after more than one year | 17 | €834,766 | €783,322 | -€51,444 | -6.2% |
| Financial debts | 170/4 | €834,766 | €783,322 | -€51,444 | -6.2% |
| Amounts payable within one year | 42/48 | €158,857 | €156,046 | -€2,811 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €50,460 | €51,444 | +€983 | +1.9% |
| Trade debts | 44 | €4,275 | €3,472 | -€803 | -18.8% |
| Suppliers | 440/4 | €4,275 | €3,472 | -€803 | -18.8% |
| Taxes, remuneration and social security | 45 | €16,161 | €13,170 | -€2,991 | -18.5% |
| Taxes | 450/3 | €15,153 | €10,127 | -€5,026 | -33.2% |
| Remuneration and social security | 454/9 | €1,008 | €3,043 | +€2,035 | +202% |
| Other amounts payable | 47/48 | €87,960 | €87,960 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €5,069 | €19,600 | +€14,532 | +287% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,893 | €52,897 | +€30,004 | +131% |
| Other operating charges | 640/8 | €1,788 | €2,258 | +€469 | +26.2% |
| Gross operating margin | 9900 | €76,721 | €85,796 | +€9,074 | +11.8% |
| Operating profit (loss) | 9901 | €46,971 | €11,041 | -€35,931 | -76.5% |
| Financial income | 75/76B | €12 | €49 | +€36 | +291% |
| Recurring financial income | 75 | €12 | €49 | +€36 | +291% |
| Financial charges | 65/66B | €17,743 | €16,827 | -€916 | -5.2% |
| Recurring financial charges | 65 | €17,743 | €16,827 | -€916 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €29,241 | -€5,737 | -€34,978 | |
| Income taxes | 67/77 | €10,127 | - | -€10,127 | |
| Profit (loss) for the period | 9904 | €19,114 | -€5,737 | -€24,851 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,114 | -€5,737 | -€24,851 |
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 20 October 2026 via checked.be.