BOFA: 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.
BOFA
Largest movements
- Receivables within one year -€2.2m
down €2.2m (-97.2%), from €2.3m to €64,017
of which Other amounts receivable: -€2.2m
- Deferred charges and accrued income -€31,990
no longer reported in 2025 (was €31,990)
- Other debts -€1.8m
down €1.8m (-98.5%), from €1.8m to €27,954
- Contributions -€395,500
down €395,500 (-86.5%), from €457,000 to €61,500
- Profit (loss) carried forward +€305,375
new in 2025: €305,375
- Tax, wage and social debts -€173,642
down €173,642 (-92.5%), from €187,638 to €13,996
- Trade debts -€121,406
down €121,406 (-92.9%), from €130,711 to €9,305
- Gross operating margin -€37,248
down €37,248 (-9.2%), from €404,791 to €367,542
- Financial income -€16,648
down €16,648 (-52.8%), from €31,520 to €14,872
From the 31-12-2024 result to the 31-12-2025 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,785,235 | €501,330 | -€2.3m | -82.0% |
| Fixed assets | 21/28 | €450,973 | €437,314 | -€13,659 | -3.0% |
| Tangible fixed assets | 22/27 | €450,617 | €436,858 | -€13,759 | -3.1% |
| Land and buildings | 22 | €450,617 | €436,858 | -€13,759 | -3.1% |
| Financial fixed assets | 28 | €356 | €456 | +€100 | +28.1% |
| Current assets | 29/58 | €2,334,262 | €64,017 | -€2.3m | -97.3% |
| Amounts receivable within one year | 40/41 | €2,302,272 | €64,017 | -€2.2m | -97.2% |
| Trade receivables | 40 | €101,776 | €64,017 | -€37,760 | -37.1% |
| Other amounts receivable | 41 | €2,200,495 | - | -€2.2m | |
| Deferred charges and accrued income | 490/1 | €31,990 | - | -€31,990 | |
| Total equity and liabilities | 10/49 | €2,785,235 | €501,330 | -€2.3m | -82.0% |
| Equity | 10/15 | €624,400 | €450,075 | -€174,325 | -27.9% |
| Contributions | 10/11 | €457,000 | €61,500 | -€395,500 | -86.5% |
| Capital | 10 | €457,000 | €61,500 | -€395,500 | -86.5% |
| Issued capital | 100 | €457,000 | €61,500 | -€395,500 | -86.5% |
| Reserves | 13 | €167,400 | €83,200 | -€84,200 | -50.3% |
| Non-distributable reserves | 130/1 | €45,700 | €45,700 | = | 0.0% |
| Legal reserve | 130 | €45,700 | €45,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,700 | €37,500 | -€84,200 | -69.2% |
| Profit (loss) carried forward | 14 | - | €305,375 | +€305,375 | |
| Amounts payable | 17/49 | €2,160,835 | €51,255 | -€2.1m | -97.6% |
| Amounts payable within one year | 42/48 | €2,160,835 | €51,255 | -€2.1m | -97.6% |
| Trade debts | 44 | €130,711 | €9,305 | -€121,406 | -92.9% |
| Suppliers | 440/4 | €130,711 | €9,305 | -€121,406 | -92.9% |
| Taxes, remuneration and social security | 45 | €187,638 | €13,996 | -€173,642 | -92.5% |
| Taxes | 450/3 | €187,638 | €13,996 | -€173,642 | -92.5% |
| Other amounts payable | 47/48 | €1,842,486 | €27,954 | -€1.8m | -98.5% |
| Non-recurring operating income | 76A | €0 | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | -€301 | -€1,608 | -€1,307 | -434.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,016 | €13,759 | -€1,257 | -8.4% |
| Other operating charges | 640/8 | €46,020 | €44,675 | -€1,346 | -2.9% |
| Gross operating margin | 9900 | €404,791 | €367,542 | -€37,248 | -9.2% |
| Operating profit (loss) | 9901 | €344,055 | €310,716 | -€33,339 | -9.7% |
| Financial income | 75/76B | €31,520 | €14,872 | -€16,648 | -52.8% |
| Recurring financial income | 75 | €31,520 | €14,872 | -€16,648 | -52.8% |
| Financial charges | 65/66B | €650 | €25 | -€625 | -96.2% |
| Recurring financial charges | 65 | €650 | €25 | -€625 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €374,925 | €325,563 | -€49,362 | -13.2% |
| Income taxes | 67/77 | €102,167 | €104,388 | +€2,221 | +2.2% |
| Profit (loss) for the period | 9904 | €272,758 | €221,175 | -€51,583 | -18.9% |
| Transfer from tax-exempt reserves | 789 | €75,780 | €84,200 | +€8,420 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €348,538 | €305,375 | -€43,163 | -12.4% |
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 3 October 2026 via checked.be.