BOEYEN: what changed
Two fiscal 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.
BOEYEN
Largest movements
- Tangible fixed assets -€10,591
down €10,591 (-27.6%), from €38,309 to €27,718
of which Plant, machinery and equipment: -€5,682
- Cash -€2,173
down €2,173 (-16.2%), from €13,377 to €11,204
mainly Contributions, distributions and other (-€34,362) and Debts after one year (-€7,153)
- Receivables within one year +€2,125
up €2,125 (+20.0%), from €10,618 to €12,743
- Profit (loss) carried forward -€22,595
no longer reported in 2025 (was €22,595)
- Other debts +€13,490
up €13,490 (+168.3%), from €8,014 to €21,504
- Debts after one year -€7,153
down €7,153 (-44.1%), from €16,224 to €9,071
- Tax, wage and social debts +€5,266
up €5,266 (+69.2%), from €7,615 to €12,881
of which Taxes: +€6,266
- Trade debts -€806
down €806 (-66.0%), from €1,222 to €416
- Gross operating margin +€10,597
up €10,597 (+43.8%), from €24,170 to €34,767
- Depreciation +€2,110
up €2,110 (+14.0%), from €15,045 to €17,155
- Taxes +€1,689
up €1,689 (+138.0%), from €1,224 to €2,913
- Financial charges -€451
down €451 (-19.1%), from €2,366 to €1,915
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 | €62,794 | €51,665 | -€11,129 | -17.7% |
| Fixed assets | 21/28 | €38,309 | €27,718 | -€10,591 | -27.6% |
| Tangible fixed assets | 22/27 | €38,309 | €27,718 | -€10,591 | -27.6% |
| Land and buildings | 22 | €2,795 | €2,505 | -€290 | -10.4% |
| Plant, machinery and equipment | 23 | €13,447 | €7,765 | -€5,682 | -42.3% |
| Furniture and vehicles | 24 | €22,067 | €17,448 | -€4,619 | -20.9% |
| Current assets | 29/58 | €24,485 | €23,947 | -€538 | -2.2% |
| Amounts receivable within one year | 40/41 | €10,618 | €12,743 | +€2,125 | +20.0% |
| Trade receivables | 40 | €10,618 | €12,743 | +€2,125 | +20.0% |
| Cash at bank and in hand | 54/58 | €13,377 | €11,204 | -€2,173 | -16.2% |
| Deferred charges and accrued income | 490/1 | €490 | - | -€490 | |
| Total equity and liabilities | 10/49 | €62,794 | €51,665 | -€11,129 | -17.7% |
| Equity | 10/15 | €23,095 | €500 | -€22,595 | -97.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,595 | - | -€22,595 | |
| Amounts payable | 17/49 | €39,699 | €51,165 | +€11,466 | +28.9% |
| Amounts payable after more than one year | 17 | €16,224 | €9,071 | -€7,153 | -44.1% |
| Financial debts | 170/4 | €16,224 | €9,071 | -€7,153 | -44.1% |
| Amounts payable within one year | 42/48 | €23,475 | €41,954 | +€18,479 | +78.7% |
| Current portion of amounts payable after more than one year | 42 | €6,624 | €7,153 | +€529 | +8.0% |
| Trade debts | 44 | €1,222 | €416 | -€806 | -66.0% |
| Suppliers | 440/4 | €1,222 | €416 | -€806 | -66.0% |
| Taxes, remuneration and social security | 45 | €7,615 | €12,881 | +€5,266 | +69.2% |
| Taxes | 450/3 | €5,115 | €11,381 | +€6,266 | +122.5% |
| Remuneration and social security | 454/9 | €2,500 | €1,500 | -€1,000 | -40.0% |
| Other amounts payable | 47/48 | €8,014 | €21,504 | +€13,490 | +168.3% |
| Accrued charges and deferred income | 492/3 | - | €140 | +€140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,045 | €17,155 | +€2,110 | +14.0% |
| Other operating charges | 640/8 | €901 | €1,037 | +€136 | +15.1% |
| Gross operating margin | 9900 | €24,170 | €34,767 | +€10,597 | +43.8% |
| Operating profit (loss) | 9901 | €8,224 | €16,575 | +€8,351 | +101.5% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €2,366 | €1,915 | -€451 | -19.1% |
| Recurring financial charges | 65 | €2,366 | €1,915 | -€451 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €5,858 | €14,680 | +€8,822 | +150.6% |
| Income taxes | 67/77 | €1,224 | €2,913 | +€1,689 | +138.0% |
| Profit (loss) for the period | 9904 | €4,634 | €11,767 | +€7,133 | +153.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,634 | €11,767 | +€7,133 | +153.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.