BOFARMA: 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.
BOFARMA
Largest movements
- Tangible fixed assets -€40,089
down €40,089 (-3.3%), from €1.2m to €1.2m
of which Land and buildings: -€48,127
- Debts after one year -€121,410
down €121,410 (-12.1%), from €1.0m to €885,457
of which Financial debts: -€121,410
- Reserves +€70,860
up €70,860 (+46.2%), from €153,369 to €224,229
- Gross operating margin -€4,196
down €4,196 (-2.0%), from €208,468 to €204,272
- Depreciation +€3,543
up €3,543 (+5.9%), from €60,071 to €63,614
- Financial charges -€3,202
down €3,202 (-9.9%), from €32,402 to €29,200
- Taxes -€2,930
down €2,930 (-7.9%), from €36,915 to €33,985
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.
Cash bridge derived
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 | €1,826,112 | €1,782,264 | -€43,848 | -2.4% |
| Fixed assets | 21/28 | €1,675,650 | €1,635,561 | -€40,089 | -2.4% |
| Tangible fixed assets | 22/27 | €1,206,224 | €1,166,135 | -€40,089 | -3.3% |
| Land and buildings | 22 | €1,203,119 | €1,154,992 | -€48,127 | -4.0% |
| Plant, machinery and equipment | 23 | €21 | €410 | +€389 | +1865.1% |
| Furniture and vehicles | 24 | €3,085 | €10,733 | +€7,649 | +248.0% |
| Financial fixed assets | 28 | €469,426 | €469,426 | = | 0.0% |
| Current assets | 29/58 | €150,462 | €146,703 | -€3,759 | -2.5% |
| Amounts receivable within one year | 40/41 | €23,892 | €22,939 | -€953 | -4.0% |
| Trade receivables | 40 | €23,882 | €22,939 | -€943 | -3.9% |
| Other amounts receivable | 41 | €10 | €0 | -€10 | -100.0% |
| Cash at bank and in hand | 54/58 | €122,821 | €119,897 | -€2,924 | -2.4% |
| Deferred charges and accrued income | 490/1 | €3,749 | €3,867 | +€118 | +3.1% |
| Total equity and liabilities | 10/49 | €1,826,112 | €1,782,264 | -€43,848 | -2.4% |
| Equity | 10/15 | €403,369 | €474,229 | +€70,860 | +17.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €153,369 | €224,229 | +€70,860 | +46.2% |
| Distributable reserves | 133 | €153,369 | €224,229 | +€70,860 | +46.2% |
| Amounts payable | 17/49 | €1,422,743 | €1,308,035 | -€114,708 | -8.1% |
| Amounts payable after more than one year | 17 | €1,006,867 | €885,457 | -€121,410 | -12.1% |
| Financial debts | 170/4 | €866,867 | €745,457 | -€121,410 | -14.0% |
| Other amounts payable | 178/9 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €415,875 | €422,578 | +€6,702 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €117,968 | €129,820 | +€11,852 | +10.0% |
| Trade debts | 44 | €1,093 | €2,535 | +€1,442 | +132.0% |
| Suppliers | 440/4 | €1,093 | €2,535 | +€1,442 | +132.0% |
| Taxes, remuneration and social security | 45 | €27,928 | €28,765 | +€837 | +3.0% |
| Taxes | 450/3 | €27,928 | €28,765 | +€837 | +3.0% |
| Other amounts payable | 47/48 | €268,887 | €261,458 | -€7,429 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,071 | €63,614 | +€3,543 | +5.9% |
| Other operating charges | 640/8 | €5,949 | €6,623 | +€673 | +11.3% |
| Gross operating margin | 9900 | €208,468 | €204,272 | -€4,196 | -2.0% |
| Operating profit (loss) | 9901 | €142,447 | €134,035 | -€8,413 | -5.9% |
| Financial income | 75/76B | €0 | €10 | +€10 | +19920.0% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +19920.0% |
| Financial charges | 65/66B | €32,402 | €29,200 | -€3,202 | -9.9% |
| Recurring financial charges | 65 | €32,402 | €29,200 | -€3,202 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €110,045 | €104,845 | -€5,200 | -4.7% |
| Income taxes | 67/77 | €36,915 | €33,985 | -€2,930 | -7.9% |
| Profit (loss) for the period | 9904 | €73,130 | €70,860 | -€2,270 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,130 | €70,860 | -€2,270 | -3.1% |
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 29 September 2026 via checked.be.