Boets TM: 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.
Boets TM
Largest movements
- Receivables within one year -€9,966
down €9,966 (-88.3%), from €11,289 to €1,324
of which Trade receivables: -€9,833
- Cash -€9,952
down €9,952 (-53.7%), from €18,526 to €8,574
mainly Other debts (-€8,860) and Trade debts (-€7,388)
- Tangible fixed assets -€4,989
down €4,989 (-24.7%), from €20,195 to €15,206
of which Furniture and vehicles: -€2,814
- Stocks and contracts -€750
down €750 (-83.3%), from €900 to €150
- Other debts -€8,860
down €8,860 (-21.7%), from €40,781 to €31,920
- Trade debts -€7,388
down €7,388 (-86.1%), from €8,582 to €1,194
- Profit (loss) carried forward -€4,986
down €4,986 (-76.9%), from -€6,485 to -€11,471
- Advances received -€4,649
down €4,649 (-100.0%), from €4,649 to €0
- Staff costs -€47,859
down €47,859 (-100.0%), from €47,859 to €0
- Gross operating margin -€36,736
down €36,736 (-90.5%), from €40,596 to €3,860
- Depreciation -€773
down €773 (-12.9%), from €5,989 to €5,216
- Financial charges -€489
down €489 (-45.6%), from €1,072 to €583
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 | €52,140 | €26,316 | -€25,824 | -49.5% |
| Fixed assets | 21/28 | €20,195 | €15,206 | -€4,989 | -24.7% |
| Tangible fixed assets | 22/27 | €20,195 | €15,206 | -€4,989 | -24.7% |
| Plant, machinery and equipment | 23 | €2,175 | €0 | -€2,175 | -100.0% |
| Furniture and vehicles | 24 | €18,020 | €15,206 | -€2,814 | -15.6% |
| Current assets | 29/58 | €31,944 | €11,110 | -€20,835 | -65.2% |
| Stocks and contracts in progress | 3 | €900 | €150 | -€750 | -83.3% |
| Stocks | 30/36 | €900 | €150 | -€750 | -83.3% |
| Amounts receivable within one year | 40/41 | €11,289 | €1,324 | -€9,966 | -88.3% |
| Trade receivables | 40 | €10,060 | €227 | -€9,833 | -97.7% |
| Other amounts receivable | 41 | €1,229 | €1,097 | -€133 | -10.8% |
| Cash at bank and in hand | 54/58 | €18,526 | €8,574 | -€9,952 | -53.7% |
| Deferred charges and accrued income | 490/1 | €1,229 | €1,062 | -€167 | -13.6% |
| Total equity and liabilities | 10/49 | €52,140 | €26,316 | -€25,824 | -49.5% |
| Equity | 10/15 | -€3,485 | -€8,471 | -€4,986 | -143.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€6,485 | -€11,471 | -€4,986 | -76.9% |
| Amounts payable | 17/49 | €55,625 | €34,786 | -€20,839 | -37.5% |
| Amounts payable within one year | 42/48 | €55,625 | €34,786 | -€20,839 | -37.5% |
| Trade debts | 44 | €8,582 | €1,194 | -€7,388 | -86.1% |
| Suppliers | 440/4 | €8,582 | €1,194 | -€7,388 | -86.1% |
| Advances received on contracts in progress | 46 | €4,649 | €0 | -€4,649 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,614 | €1,672 | +€58 | +3.6% |
| Taxes | 450/3 | €0 | €58 | +€58 | |
| Remuneration and social security | 454/9 | €1,614 | €1,614 | = | 0.0% |
| Other amounts payable | 47/48 | €40,781 | €31,920 | -€8,860 | -21.7% |
| Remuneration, social security and pensions | 62 | €47,859 | €0 | -€47,859 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,989 | €5,216 | -€773 | -12.9% |
| Other operating charges | 640/8 | €843 | €815 | -€28 | -3.4% |
| Non-recurring operating charges | 66A | - | €2,234 | +€2,234 | |
| Gross operating margin | 9900 | €40,596 | €3,860 | -€36,736 | -90.5% |
| Operating profit (loss) | 9901 | -€14,095 | -€4,405 | +€9,691 | +68.7% |
| Financial income | 75/76B | €227 | €2 | -€225 | -99.1% |
| Recurring financial income | 75 | €227 | €2 | -€225 | -99.1% |
| Financial charges | 65/66B | €1,072 | €583 | -€489 | -45.6% |
| Recurring financial charges | 65 | €1,072 | €583 | -€489 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,940 | -€4,986 | +€9,954 | +66.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€14,940 | -€4,986 | +€9,954 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,940 | -€4,986 | +€9,954 | +66.6% |
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 11 October 2026 via checked.be.