BOEYCKENS: what changed
BOEYCKENS
Largest movements
- Receivables within one year +€141,041
up €141,041 (+253%), from €55,727 to €196,768
of which Trade receivables: +€116,584
- Deferred charges and accrued income -€140,924
down €140,924 (-96.9%), from €145,375 to €4,451
- Cash -€29,484
down €29,484 (-59.3%), from €49,718 to €20,234
mainly Receivables within one year (-€141,041) and Net result for the year (-€75,644)
- Intangible fixed assets -€15,000
down €15,000 (-18.7%), from €80,410 to €65,410
- Tangible fixed assets -€14,866
down €14,866 (-12.3%), from €120,551 to €105,685
of which Plant, machinery and equipment: -€23,659
- Profit (loss) carried forward -€75,644
down €75,644, from €5,655 to -€69,989
- Debts after one year +€25,447
up €25,447 (+213%), from €11,950 to €37,397
- Accrued charges and deferred income -€13,518
down €13,518 (-100%), from €13,518 to €0
- Current portion of long-term debt +€11,781
up €11,781 (+73.7%), from €15,990 to €27,771
- Other debts -€8,440
down €8,440 (-16.0%), from €52,773 to €44,333
- Staff costs +€141,309
up €141,309 (+75.8%), from €186,450 to €327,758
- Gross operating margin -€78,781
down €78,781 (-19.6%), from €402,846 to €324,065
- Taxes -€49,540
down €49,540 (-98.9%), from €50,083 to €543
- Other operating charges -€25,269
down €25,269 (-95.9%), from €26,356 to €1,087
- Financial charges +€19,212
up €19,212 (+182%), from €10,541 to €29,753
of which Non-recurring financial charges: +€27,965
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 | €770,246 | €713,576 | -€56,670 | -7.4% |
| Fixed assets | 21/28 | €200,961 | €171,095 | -€29,866 | -14.9% |
| Intangible fixed assets | 21 | €80,410 | €65,410 | -€15,000 | -18.7% |
| Tangible fixed assets | 22/27 | €120,551 | €105,685 | -€14,866 | -12.3% |
| Land and buildings | 22 | €9,249 | €17,989 | +€8,740 | +94.5% |
| Plant, machinery and equipment | 23 | €108,411 | €84,751 | -€23,659 | -21.8% |
| Furniture and vehicles | 24 | €2,891 | €2,945 | +€54 | +1.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €569,285 | €542,481 | -€26,804 | -4.7% |
| Stocks and contracts in progress | 3 | €318,465 | €321,028 | +€2,563 | +0.8% |
| Stocks | 30/36 | €318,465 | €321,028 | +€2,563 | +0.8% |
| Amounts receivable within one year | 40/41 | €55,727 | €196,768 | +€141,041 | +253% |
| Trade receivables | 40 | €43,082 | €159,666 | +€116,584 | +271% |
| Other amounts receivable | 41 | €12,644 | €37,102 | +€24,457 | +193% |
| Cash at bank and in hand | 54/58 | €49,718 | €20,234 | -€29,484 | -59.3% |
| Deferred charges and accrued income | 490/1 | €145,375 | €4,451 | -€140,924 | -96.9% |
| Total equity and liabilities | 10/49 | €770,246 | €713,576 | -€56,670 | -7.4% |
| Equity | 10/15 | €410,210 | €334,566 | -€75,644 | -18.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €344,555 | €344,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,904 | €13,904 | = | 0.0% |
| Distributable reserves | 133 | €323,151 | €323,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,655 | -€69,989 | -€75,644 | |
| Amounts payable | 17/49 | €360,035 | €379,010 | +€18,974 | +5.3% |
| Amounts payable after more than one year | 17 | €11,950 | €37,397 | +€25,447 | +213% |
| Financial debts | 170/4 | €11,950 | €37,397 | +€25,447 | +213% |
| Amounts payable within one year | 42/48 | €334,567 | €341,612 | +€7,045 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €15,990 | €27,771 | +€11,781 | +73.7% |
| Trade debts | 44 | €187,917 | €195,363 | +€7,446 | +4.0% |
| Suppliers | 440/4 | €187,917 | €195,363 | +€7,446 | +4.0% |
| Taxes, remuneration and social security | 45 | €77,887 | €74,145 | -€3,742 | -4.8% |
| Taxes | 450/3 | €36,783 | €28,529 | -€8,254 | -22.4% |
| Remuneration and social security | 454/9 | €41,104 | €45,616 | +€4,512 | +11.0% |
| Other amounts payable | 47/48 | €52,773 | €44,333 | -€8,440 | -16.0% |
| Accrued charges and deferred income | 492/3 | €13,518 | €0 | -€13,518 | -100% |
| Remuneration, social security and pensions | 62 | €186,450 | €327,758 | +€141,309 | +75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,791 | €41,293 | -€498 | -1.2% |
| Other operating charges | 640/8 | €26,356 | €1,087 | -€25,269 | -95.9% |
| Gross operating margin | 9900 | €402,846 | €324,065 | -€78,781 | -19.6% |
| Operating profit (loss) | 9901 | €148,250 | -€46,073 | -€194,324 | |
| Financial income | 75/76B | €1,715 | €725 | -€990 | -57.7% |
| Recurring financial income | 75 | €1,715 | €725 | -€990 | -57.7% |
| Financial charges | 65/66B | €10,541 | €29,753 | +€19,212 | +182% |
| Recurring financial charges | 65 | €10,541 | €1,788 | -€8,753 | -83.0% |
| Non-recurring financial charges | 66B | - | €27,965 | +€27,965 | |
| Profit (loss) for the period before taxes | 9903 | €139,424 | -€75,101 | -€214,526 | |
| Income taxes | 67/77 | €50,083 | €543 | -€49,540 | -98.9% |
| Profit (loss) for the period | 9904 | €89,342 | -€75,644 | -€164,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,342 | -€75,644 | -€164,986 |
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 3 November 2026 via checked.be.