BOFANLE: 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.
BOFANLE
Largest movements
- Cash +€27,589
up €27,589 (+14.9%), from €185,504 to €213,093
mainly Other debts (+€104,203) and Net result for the year (+€65,125)
- Deferred charges and accrued income -€8,404
down €8,404 (-39.9%), from €21,050 to €12,646
- Tangible fixed assets +€3,102
up €3,102 (+32.9%), from €9,442 to €12,545
of which Plant, machinery and equipment: +€6,108
- Other debts +€104,203
up €104,203 (+238%), from €43,707 to €147,910
- Reserves -€84,875
down €84,875 (-98.9%), from €85,835 to €961
- Tax, wage and social debts +€20,811
up €20,811 (+43.1%), from €48,260 to €69,071
of which Remuneration and social security: +€11,487
- Trade debts -€12,157
down €12,157 (-41.4%), from €29,338 to €17,181
- Current portion of long-term debt -€3,498
no longer reported in 2025 (was €3,498)
- Taxes +€10,147
up €10,147 (+68.0%), from €14,927 to €25,074
- Gross operating margin +€6,775
up €6,775 (+6.3%), from €108,347 to €115,122
- Staff costs +€6,048
up €6,048 (+58.1%), from €10,405 to €16,453
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 | €238,023 | €262,507 | +€24,484 | +10.3% |
| Fixed assets | 21/28 | €10,242 | €13,345 | +€3,102 | +30.3% |
| Tangible fixed assets | 22/27 | €9,442 | €12,545 | +€3,102 | +32.9% |
| Plant, machinery and equipment | 23 | €631 | €6,739 | +€6,108 | +968% |
| Furniture and vehicles | 24 | €8,811 | €5,805 | -€3,006 | -34.1% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €227,780 | €249,162 | +€21,382 | +9.4% |
| Stocks and contracts in progress | 3 | €25 | €118 | +€93 | +380% |
| Stocks | 30/36 | €25 | €118 | +€93 | +380% |
| Amounts receivable within one year | 40/41 | €21,203 | €23,306 | +€2,103 | +9.9% |
| Trade receivables | 40 | - | €540 | +€540 | |
| Other amounts receivable | 41 | €21,203 | €22,766 | +€1,563 | +7.4% |
| Cash at bank and in hand | 54/58 | €185,504 | €213,093 | +€27,589 | +14.9% |
| Deferred charges and accrued income | 490/1 | €21,050 | €12,646 | -€8,404 | -39.9% |
| Total equity and liabilities | 10/49 | €238,023 | €262,507 | +€24,484 | +10.3% |
| Equity | 10/15 | €104,435 | €19,561 | -€84,875 | -81.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,835 | €961 | -€84,875 | -98.9% |
| Distributable reserves | 133 | €85,835 | €961 | -€84,875 | -98.9% |
| Amounts payable | 17/49 | €133,587 | €242,946 | +€109,359 | +81.9% |
| Amounts payable after more than one year | 17 | €6,769 | €6,769 | = | 0.0% |
| Financial debts | 170/4 | €6,769 | €6,769 | = | 0.0% |
| Amounts payable within one year | 42/48 | €124,803 | €234,162 | +€109,359 | +87.6% |
| Current portion of amounts payable after more than one year | 42 | €3,498 | - | -€3,498 | |
| Trade debts | 44 | €29,338 | €17,181 | -€12,157 | -41.4% |
| Suppliers | 440/4 | €29,338 | €17,181 | -€12,157 | -41.4% |
| Taxes, remuneration and social security | 45 | €48,260 | €69,071 | +€20,811 | +43.1% |
| Taxes | 450/3 | €30,218 | €39,542 | +€9,324 | +30.9% |
| Remuneration and social security | 454/9 | €18,042 | €29,529 | +€11,487 | +63.7% |
| Other amounts payable | 47/48 | €43,707 | €147,910 | +€104,203 | +238% |
| Accrued charges and deferred income | 492/3 | €2,015 | €2,015 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €10,405 | €16,453 | +€6,048 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,237 | €3,644 | +€407 | +12.6% |
| Other operating charges | 640/8 | €4,448 | €3,594 | -€853 | -19.2% |
| Gross operating margin | 9900 | €108,347 | €115,122 | +€6,775 | +6.3% |
| Operating profit (loss) | 9901 | €90,257 | €91,430 | +€1,173 | +1.3% |
| Financial income | 75/76B | €64 | €409 | +€345 | +536% |
| Recurring financial income | 75 | €64 | €409 | +€345 | +536% |
| Financial charges | 65/66B | €1,772 | €1,640 | -€132 | -7.4% |
| Recurring financial charges | 65 | €1,772 | €1,640 | -€132 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €88,549 | €90,199 | +€1,650 | +1.9% |
| Income taxes | 67/77 | €14,927 | €25,074 | +€10,147 | +68.0% |
| Profit (loss) for the period | 9904 | €73,623 | €65,125 | -€8,497 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,623 | €65,125 | -€8,497 | -11.5% |
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 15 October 2026 via checked.be.