BOEYNAEMS: 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.
BOEYNAEMS
Largest movements
- Receivables within one year -€89,846
down €89,846 (-63.7%), from €141,046 to €51,200
of which Trade receivables: -€95,164
- Cash -€13,362
down €13,362 (-34.9%), from €38,266 to €24,904
mainly Net result for the year (-€101,781) and Trade debts (-€22,227)
- Tangible fixed assets -€13,007
down €13,007 (-9.3%), from €140,411 to €127,404
of which Other tangible fixed assets: -€11,574
- Financial fixed assets +€9,000
up €9,000 (+450%), from €2,000 to €11,000
- Current investments +€7,502
new in 2025: €7,502
- Profit (loss) carried forward -€101,781
down €101,781 (-284%), from -€35,862 to -€137,643
- Other debts +€44,654
up €44,654 (+61.5%), from €72,600 to €117,254
- Trade debts -€22,227
down €22,227 (-25.8%), from €86,238 to €64,011
- Tax, wage and social debts -€18,040
down €18,040 (-78.2%), from €23,061 to €5,021
of which Remuneration and social security: -€15,933
- Gross operating margin -€119,356
down €119,356 (-54.4%), from €219,360 to €100,005
- Staff costs -€31,173
down €31,173 (-15.0%), from €208,104 to €176,930
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,638 | €232,543 | -€96,095 | -29.2% |
| Fixed assets | 21/28 | €142,411 | €138,404 | -€4,007 | -2.8% |
| Tangible fixed assets | 22/27 | €140,411 | €127,404 | -€13,007 | -9.3% |
| Furniture and vehicles | 24 | €3,483 | €2,049 | -€1,434 | -41.2% |
| Other tangible fixed assets | 26 | €136,928 | €125,355 | -€11,574 | -8.5% |
| Financial fixed assets | 28 | €2,000 | €11,000 | +€9,000 | +450% |
| Current assets | 29/58 | €186,227 | €94,139 | -€92,087 | -49.4% |
| Stocks and contracts in progress | 3 | €4,860 | €6,700 | +€1,840 | +37.9% |
| Stocks | 30/36 | €4,860 | €6,700 | +€1,840 | +37.9% |
| Amounts receivable within one year | 40/41 | €141,046 | €51,200 | -€89,846 | -63.7% |
| Trade receivables | 40 | €127,899 | €32,735 | -€95,164 | -74.4% |
| Other amounts receivable | 41 | €13,147 | €18,465 | +€5,318 | +40.4% |
| Current investments | 50/53 | - | €7,502 | +€7,502 | |
| Cash at bank and in hand | 54/58 | €38,266 | €24,904 | -€13,362 | -34.9% |
| Deferred charges and accrued income | 490/1 | €2,055 | €3,834 | +€1,780 | +86.6% |
| Total equity and liabilities | 10/49 | €328,638 | €232,543 | -€96,095 | -29.2% |
| Equity | 10/15 | €14,138 | -€87,643 | -€101,781 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,862 | -€137,643 | -€101,781 | -284% |
| Amounts payable | 17/49 | €314,500 | €320,186 | +€5,687 | +1.8% |
| Amounts payable after more than one year | 17 | €130,000 | €130,000 | = | 0.0% |
| Financial debts | 170/4 | €130,000 | €130,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €181,900 | €186,286 | +€4,387 | +2.4% |
| Trade debts | 44 | €86,238 | €64,011 | -€22,227 | -25.8% |
| Suppliers | 440/4 | €86,238 | €64,011 | -€22,227 | -25.8% |
| Taxes, remuneration and social security | 45 | €23,061 | €5,021 | -€18,040 | -78.2% |
| Taxes | 450/3 | €2,107 | - | -€2,107 | |
| Remuneration and social security | 454/9 | €20,954 | €5,021 | -€15,933 | -76.0% |
| Other amounts payable | 47/48 | €72,600 | €117,254 | +€44,654 | +61.5% |
| Accrued charges and deferred income | 492/3 | €2,600 | €3,900 | +€1,300 | +50.0% |
| Remuneration, social security and pensions | 62 | €208,104 | €176,930 | -€31,173 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,890 | €21,564 | +€675 | +3.2% |
| Other operating charges | 640/8 | €1,511 | €1,573 | +€62 | +4.1% |
| Gross operating margin | 9900 | €219,360 | €100,005 | -€119,356 | -54.4% |
| Operating profit (loss) | 9901 | -€11,143 | -€100,063 | -€88,919 | -798% |
| Financial income | 75/76B | €659 | €352 | -€308 | -46.7% |
| Recurring financial income | 75 | €659 | €352 | -€308 | -46.7% |
| Financial charges | 65/66B | €2,135 | €2,070 | -€65 | -3.0% |
| Recurring financial charges | 65 | €2,135 | €2,070 | -€65 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,619 | -€101,781 | -€89,162 | -707% |
| Profit (loss) for the period | 9904 | -€12,619 | -€101,781 | -€89,162 | -707% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,619 | -€101,781 | -€89,162 | -707% |
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 18 October 2026 via checked.be.