BOFAPI CHAUFFAGE: what changed
What changed
BOFAPI CHAUFFAGE
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€12,433
2024 · €14,824-€2,391
Equity
€136,714
2024 · €175,433-€38,719
Cash
€31,455
2024 · €32,724-€1,269
Balance sheet total
€421,526
2024 · €501,144-€79,618
Largest movements
Assets
- Receivables within one year -€119,116
down €119,116 (-37.3%), from €319,132 to €200,016
of which Trade receivables: -€131,347
- Stocks and contracts +€38,487
up €38,487 (+428%), from €9,000 to €47,487
of which Contracts in progress: +€30,000
- Deferred charges and accrued income +€10,016
up €10,016 (+567%), from €1,766 to €11,782
- Tangible fixed assets -€7,737
down €7,737 (-5.6%), from €138,253 to €130,517
of which Land and buildings: -€4,725
Equity and liabilities
- Tax, wage and social debts -€64,395
down €64,395 (-56.4%), from €114,165 to €49,771
of which Remuneration and social security: -€48,803
- Other debts +€48,501
up €48,501 (+769%), from €6,303 to €54,804
- Reserves -€38,719
down €38,719 (-24.7%), from €156,833 to €118,114
of which Distributable reserves: -€36,859
- Debts after one year -€9,329
down €9,329 (-18.3%), from €50,841 to €41,512
- Provisions -€6,670
no longer reported in 2025 (was €6,670)
Income statement
- Other operating charges +€7,734
up €7,734 (+133%), from €5,815 to €13,549
- Provisions -€6,670
new in 2025: -€6,670
- Staff costs +€6,047
up €6,047 (+4.3%), from €139,172 to €145,219
- Depreciation -€4,877
down €4,877 (-27.0%), from €18,036 to €13,158
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€14,824
Gross operating margin
+€517
Staff costs
-€6,047
Depreciation
+€4,877
Provisions
+€6,670
Other operating charges
-€7,734
Financial income
+€888
Financial charges
-€21
Taxes
-€1,542
Result 2025
€12,433
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€64,472
Investment
-€5,421
Financing
-€60,320
Cash 2024
€32,724
From operations (derived)
+€64,472
Net result for the year
+€12,433
Depreciation
+€13,158
Stocks and contracts
-€38,487
Receivables within one year
+€119,116
Deferred charges and accrued income
-€10,016
Provisions
-€6,670
Trade debts
-€4,166
Tax, wage and social debts
-€64,395
Other debts
+€48,501
Accrued charges and deferred income
-€5,000
Investment (derived)
-€5,421
Investment in fixed assets (net)
-€5,421
Financing
-€60,320
Debts after one year
-€9,329
Current portion of long-term debt
+€161
Contributions, distributions and other
-€51,152
Cash 2025
€31,455
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €501,144 | €421,526 | -€79,618 | -15.9% |
| Fixed assets | 21/28 | €138,523 | €130,787 | -€7,737 | -5.6% |
| Tangible fixed assets | 22/27 | €138,253 | €130,517 | -€7,737 | -5.6% |
| Land and buildings | 22 | €89,963 | €85,238 | -€4,725 | -5.3% |
| Plant, machinery and equipment | 23 | €47,057 | €44,274 | -€2,783 | -5.9% |
| Furniture and vehicles | 24 | €1,234 | €1,005 | -€229 | -18.5% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €362,621 | €290,740 | -€71,882 | -19.8% |
| Stocks and contracts in progress | 3 | €9,000 | €47,487 | +€38,487 | +428% |
| Stocks | 30/36 | €9,000 | €17,487 | +€8,487 | +94.3% |
| Contracts in progress | 37 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €319,132 | €200,016 | -€119,116 | -37.3% |
| Trade receivables | 40 | €231,737 | €100,391 | -€131,347 | -56.7% |
| Other amounts receivable | 41 | €87,394 | €99,625 | +€12,231 | +14.0% |
| Cash at bank and in hand | 54/58 | €32,724 | €31,455 | -€1,269 | -3.9% |
| Deferred charges and accrued income | 490/1 | €1,766 | €11,782 | +€10,016 | +567% |
| Total equity and liabilities | 10/49 | €501,144 | €421,526 | -€79,618 | -15.9% |
| Equity | 10/15 | €175,433 | €136,714 | -€38,719 | -22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €156,833 | €118,114 | -€38,719 | -24.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €154,973 | €118,114 | -€36,859 | -23.8% |
| Provisions and deferred taxes | 16 | €6,670 | - | -€6,670 | |
| Provisions for liabilities and charges | 160/5 | €6,670 | - | -€6,670 | |
| Other liabilities and charges | 164/5 | €6,670 | - | -€6,670 | |
| Amounts payable | 17/49 | €319,040 | €284,812 | -€34,229 | -10.7% |
| Amounts payable after more than one year | 17 | €50,841 | €41,512 | -€9,329 | -18.3% |
| Financial debts | 170/4 | €50,841 | €41,512 | -€9,329 | -18.3% |
| Amounts payable within one year | 42/48 | €263,199 | €243,300 | -€19,900 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €9,168 | €9,329 | +€161 | +1.8% |
| Financial debts | 43 | €59,999 | €59,999 | = | 0.0% |
| Credit institutions | 430/8 | €59,999 | €59,999 | = | 0.0% |
| Trade debts | 44 | €73,564 | €69,397 | -€4,166 | -5.7% |
| Suppliers | 440/4 | €73,564 | €69,397 | -€4,166 | -5.7% |
| Taxes, remuneration and social security | 45 | €114,165 | €49,771 | -€64,395 | -56.4% |
| Taxes | 450/3 | €36,412 | €20,821 | -€15,591 | -42.8% |
| Remuneration and social security | 454/9 | €77,753 | €28,950 | -€48,803 | -62.8% |
| Other amounts payable | 47/48 | €6,303 | €54,804 | +€48,501 | +769% |
| Accrued charges and deferred income | 492/3 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €139,172 | €145,219 | +€6,047 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,036 | €13,158 | -€4,877 | -27.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€6,670 | -€6,670 | |
| Other operating charges | 640/8 | €5,815 | €13,549 | +€7,734 | +133% |
| Gross operating margin | 9900 | €190,564 | €191,081 | +€517 | +0.3% |
| Operating profit (loss) | 9901 | €27,541 | €25,825 | -€1,716 | -6.2% |
| Financial income | 75/76B | €5,996 | €6,884 | +€888 | +14.8% |
| Recurring financial income | 75 | €5,996 | €6,884 | +€888 | +14.8% |
| Financial charges | 65/66B | €11,848 | €11,869 | +€21 | +0.2% |
| Recurring financial charges | 65 | €6,598 | €9,648 | +€3,050 | +46.2% |
| Non-recurring financial charges | 66B | €5,250 | €2,221 | -€3,028 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €21,689 | €20,840 | -€849 | -3.9% |
| Income taxes | 67/77 | €6,866 | €8,407 | +€1,542 | +22.5% |
| Profit (loss) for the period | 9904 | €14,824 | €12,433 | -€2,391 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,824 | €12,433 | -€2,391 | -16.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.