BOFAM: 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.
BOFAM
Largest movements
- Tangible fixed assets -€75,924
down €75,924 (-5.9%), from €1.3m to €1.2m
of which Land and buildings: -€62,578
- Cash -€19,110
down €19,110 (-38.6%), from €49,564 to €30,454
mainly Debts after one year (-€105,684) and Other debts (-€62,129)
- Debts after one year -€105,684
no longer reported in 2024 (was €105,684)
- Profit (loss) carried forward +€88,816
up €88,816 (+44.3%), from €200,668 to €289,484
- Other debts -€62,129
down €62,129 (-48.1%), from €129,169 to €67,040
- Gross operating margin +€112,589
up €112,589 (+134.5%), from €83,740 to €196,328
- Other operating charges +€30,862
up €30,862 (+238.8%), from €12,923 to €43,785
- Taxes -€6,008
no longer reported in 2024 (was €6,008)
- Financial charges +€5,386
up €5,386 (+49.0%), from €10,993 to €16,379
- Depreciation -€5,005
down €5,005 (-8.1%), from €61,911 to €56,906
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,376,178 | €1,287,355 | -€88,823 | -6.5% |
| Fixed assets | 21/28 | €1,287,896 | €1,211,972 | -€75,924 | -5.9% |
| Tangible fixed assets | 22/27 | €1,287,896 | €1,211,972 | -€75,924 | -5.9% |
| Land and buildings | 22 | €1,202,352 | €1,139,774 | -€62,578 | -5.2% |
| Other tangible fixed assets | 26 | €85,544 | €72,198 | -€13,347 | -15.6% |
| Current assets | 29/58 | €88,282 | €75,383 | -€12,899 | -14.6% |
| Amounts receivable after more than one year | 29 | €27,108 | €28,465 | +€1,358 | +5.0% |
| Other amounts receivable | 291 | €27,108 | €28,465 | +€1,358 | +5.0% |
| Amounts receivable within one year | 40/41 | €11,610 | €16,018 | +€4,408 | +38.0% |
| Trade receivables | 40 | €10,610 | €11,018 | +€408 | +3.8% |
| Other amounts receivable | 41 | €1,000 | €5,000 | +€4,000 | +400.1% |
| Cash at bank and in hand | 54/58 | €49,564 | €30,454 | -€19,110 | -38.6% |
| Deferred charges and accrued income | 490/1 | - | €446 | +€446 | |
| Total equity and liabilities | 10/49 | €1,376,178 | €1,287,355 | -€88,823 | -6.5% |
| Equity | 10/15 | €859,006 | €941,854 | +€82,848 | +9.6% |
| Contributions | 10/11 | €514,178 | €514,178 | = | 0.0% |
| Reserves | 13 | €144,159 | €138,192 | -€5,967 | -4.1% |
| Non-distributable reserves | 130/1 | €15,058 | €15,058 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,058 | €15,058 | = | 0.0% |
| Tax-exempt reserves | 132 | €125,122 | €119,155 | -€5,967 | -4.8% |
| Distributable reserves | 133 | €3,979 | €3,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,668 | €289,484 | +€88,816 | +44.3% |
| Provisions and deferred taxes | 16 | €41,707 | €39,718 | -€1,989 | -4.8% |
| Deferred taxes | 168 | €41,707 | €39,718 | -€1,989 | -4.8% |
| Amounts payable | 17/49 | €475,465 | €305,783 | -€169,682 | -35.7% |
| Amounts payable after more than one year | 17 | €105,684 | - | -€105,684 | |
| Other amounts payable | 178/9 | €105,684 | - | -€105,684 | |
| Amounts payable within one year | 42/48 | €369,781 | €305,783 | -€63,998 | -17.3% |
| Financial debts | 43 | €225,000 | €225,000 | = | 0.0% |
| Credit institutions | 430/8 | €225,000 | €225,000 | = | 0.0% |
| Trade debts | 44 | €790 | - | -€790 | |
| Suppliers | 440/4 | €790 | - | -€790 | |
| Taxes, remuneration and social security | 45 | €14,822 | €13,743 | -€1,079 | -7.3% |
| Taxes | 450/3 | €14,822 | €13,743 | -€1,079 | -7.3% |
| Other amounts payable | 47/48 | €129,169 | €67,040 | -€62,129 | -48.1% |
| Non-recurring operating income | 76A | - | €128,482 | +€128,482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,911 | €56,906 | -€5,005 | -8.1% |
| Other operating charges | 640/8 | €12,923 | €43,785 | +€30,862 | +238.8% |
| Gross operating margin | 9900 | €83,740 | €196,328 | +€112,589 | +134.5% |
| Operating profit (loss) | 9901 | €8,906 | €95,637 | +€86,731 | +973.9% |
| Financial income | 75/76B | €1,437 | €1,601 | +€164 | +11.4% |
| Recurring financial income | 75 | €1,437 | €1,601 | +€164 | +11.4% |
| Financial charges | 65/66B | €10,993 | €16,379 | +€5,386 | +49.0% |
| Recurring financial charges | 65 | €10,993 | €16,379 | +€5,386 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€650 | €80,859 | +€81,509 | |
| Transfer from deferred taxes | 780 | €5,564 | €1,989 | -€3,575 | -64.3% |
| Income taxes | 67/77 | €6,008 | - | -€6,008 | |
| Profit (loss) for the period | 9904 | -€1,094 | €82,848 | +€83,942 | |
| Transfer from tax-exempt reserves | 789 | €16,692 | €5,967 | -€10,725 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,598 | €88,816 | +€73,218 | +469.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.