BOESMANS: 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.
BOESMANS
Largest movements
- Tangible fixed assets -€12,460
down €12,460 (-16.8%), from €74,150 to €61,689
of which Plant, machinery and equipment: -€7,994
- Receivables within one year +€12,078
up €12,078 (+45.9%), from €26,290 to €38,368
of which Trade receivables: +€10,496
- Stocks and contracts -€11,060
down €11,060 (-67.8%), from €16,308 to €5,248
- Cash +€6,797
up €6,797 (+255.9%), from €2,656 to €9,452
mainly Depreciation (+€13,771) and Other debts (+€11,180)
- Profit (loss) carried forward -€17,000
down €17,000, from €7,600 to -€9,399
- Other debts +€11,180
up €11,180 (+20.4%), from €54,830 to €66,010
- Trade debts +€10,463
up €10,463 (+3123.0%), from €335 to €10,798
- Current portion of long-term debt -€4,140
down €4,140 (-100.0%), from €4,140 to €0
- Advances received -€3,318
down €3,318 (-100.0%), from €3,318 to €0
- Gross operating margin -€27,547
down €27,547, from €25,874 to -€1,672
- Depreciation -€6,673
down €6,673 (-32.6%), from €20,444 to €13,771
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.
Cash bridge derived
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 | €120,041 | €115,096 | -€4,944 | -4.1% |
| Fixed assets | 21/28 | €74,150 | €61,689 | -€12,460 | -16.8% |
| Tangible fixed assets | 22/27 | €74,150 | €61,689 | -€12,460 | -16.8% |
| Land and buildings | 22 | €13,390 | €13,110 | -€280 | -2.1% |
| Plant, machinery and equipment | 23 | €52,465 | €44,471 | -€7,994 | -15.2% |
| Furniture and vehicles | 24 | €8,294 | €4,108 | -€4,186 | -50.5% |
| Current assets | 29/58 | €45,891 | €53,407 | +€7,516 | +16.4% |
| Stocks and contracts in progress | 3 | €16,308 | €5,248 | -€11,060 | -67.8% |
| Stocks | 30/36 | €16,308 | €5,248 | -€11,060 | -67.8% |
| Amounts receivable within one year | 40/41 | €26,290 | €38,368 | +€12,078 | +45.9% |
| Trade receivables | 40 | €23,645 | €34,141 | +€10,496 | +44.4% |
| Other amounts receivable | 41 | €2,645 | €4,227 | +€1,582 | +59.8% |
| Cash at bank and in hand | 54/58 | €2,656 | €9,452 | +€6,797 | +255.9% |
| Deferred charges and accrued income | 490/1 | €638 | €339 | -€298 | -46.8% |
| Total equity and liabilities | 10/49 | €120,041 | €115,096 | -€4,944 | -4.1% |
| Equity | 10/15 | €38,288 | €21,288 | -€17,000 | -44.4% |
| Contributions | 10/11 | €30,687 | €30,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,600 | -€9,399 | -€17,000 | |
| Amounts payable | 17/49 | €81,753 | €93,808 | +€12,055 | +14.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €78,623 | €93,808 | +€15,185 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €4,140 | €0 | -€4,140 | -100.0% |
| Financial debts | 43 | €16,000 | €17,000 | +€1,000 | +6.3% |
| Credit institutions | 430/8 | €16,000 | €17,000 | +€1,000 | +6.3% |
| Trade debts | 44 | €335 | €10,798 | +€10,463 | +3123.0% |
| Suppliers | 440/4 | €335 | €10,798 | +€10,463 | +3123.0% |
| Advances received on contracts in progress | 46 | €3,318 | €0 | -€3,318 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €54,830 | €66,010 | +€11,180 | +20.4% |
| Accrued charges and deferred income | 492/3 | €3,130 | €0 | -€3,130 | -100.0% |
| Non-recurring operating income | 76A | - | €4,877 | +€4,877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,444 | €13,771 | -€6,673 | -32.6% |
| Other operating charges | 640/8 | €438 | €194 | -€244 | -55.7% |
| Gross operating margin | 9900 | €25,874 | -€1,672 | -€27,547 | |
| Operating profit (loss) | 9901 | €4,992 | -€15,638 | -€20,630 | |
| Financial income | 75/76B | €147 | €314 | +€167 | +113.8% |
| Recurring financial income | 75 | €147 | €314 | +€167 | +113.8% |
| Financial charges | 65/66B | €1,663 | €1,676 | +€13 | +0.8% |
| Recurring financial charges | 65 | €1,663 | €1,676 | +€13 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €3,476 | -€17,000 | -€20,475 | |
| Profit (loss) for the period | 9904 | €3,476 | -€17,000 | -€20,475 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,476 | -€17,000 | -€20,475 |
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 10 October 2026 via checked.be.