BOFIAC: 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.
BOFIAC
Largest movements
- Financial fixed assets -€365,870
down €365,870 (-100.0%), from €365,870 to €0
- Cash +€191,303
up €191,303 (+188.7%), from €101,390 to €292,694
mainly Investment in fixed assets (net) (+€363,055) and Net result for the year (+€178,076)
- Current investments +€60,000
up €60,000 (+150.0%), from €40,000 to €100,000
- Deferred charges and accrued income +€15,798
up €15,798 (+1961.1%), from €806 to €16,603
- Receivables within one year +€10,328
up €10,328 (+1017.0%), from €1,016 to €11,344
of which Trade receivables: +€11,344
- Debts after one year -€55,066
down €55,066 (-68.1%), from €80,914 to €25,848
- Current portion of long-term debt -€54,736
down €54,736 (-91.5%), from €59,802 to €5,066
- Other debts +€13,173
up €13,173 (+13.0%), from €101,672 to €114,845
- Financial income +€107,117
up €107,117 (+594.9%), from €18,006 to €125,124
of which Non-recurring financial income: +€122,849
- Gross operating margin -€25,473
down €25,473 (-18.4%), from €138,251 to €112,778
- Financial charges -€2,351
down €2,351 (-25.5%), from €9,205 to €6,854
- Taxes -€1,896
down €1,896 (-4.8%), from €39,821 to €37,924
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 | €668,097 | €569,371 | -€98,725 | -14.8% |
| Fixed assets | 21/28 | €524,885 | €148,731 | -€376,154 | -71.7% |
| Tangible fixed assets | 22/27 | €159,015 | €148,731 | -€10,285 | -6.5% |
| Land and buildings | 22 | €122,870 | €119,349 | -€3,521 | -2.9% |
| Plant, machinery and equipment | 23 | €21,413 | €21,752 | +€338 | +1.6% |
| Furniture and vehicles | 24 | €14,732 | €7,630 | -€7,102 | -48.2% |
| Financial fixed assets | 28 | €365,870 | €0 | -€365,870 | -100.0% |
| Current assets | 29/58 | €143,212 | €420,641 | +€277,429 | +193.7% |
| Amounts receivable within one year | 40/41 | €1,016 | €11,344 | +€10,328 | +1017.0% |
| Trade receivables | 40 | - | €11,344 | +€11,344 | |
| Other amounts receivable | 41 | €1,016 | €0 | -€1,016 | -100.0% |
| Current investments | 50/53 | €40,000 | €100,000 | +€60,000 | +150.0% |
| Cash at bank and in hand | 54/58 | €101,390 | €292,694 | +€191,303 | +188.7% |
| Deferred charges and accrued income | 490/1 | €806 | €16,603 | +€15,798 | +1961.1% |
| Total equity and liabilities | 10/49 | €668,097 | €569,371 | -€98,725 | -14.8% |
| Equity | 10/15 | €413,699 | €413,481 | -€218 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €395,099 | €394,881 | -€218 | -0.1% |
| Distributable reserves | 133 | €395,099 | €394,881 | -€218 | -0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €254,398 | €155,891 | -€98,507 | -38.7% |
| Amounts payable after more than one year | 17 | €80,914 | €25,848 | -€55,066 | -68.1% |
| Financial debts | 170/4 | €80,914 | €25,848 | -€55,066 | -68.1% |
| Amounts payable within one year | 42/48 | €171,687 | €129,466 | -€42,221 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €59,802 | €5,066 | -€54,736 | -91.5% |
| Trade debts | 44 | €1,033 | €2,251 | +€1,217 | +117.8% |
| Suppliers | 440/4 | €1,033 | €2,251 | +€1,217 | +117.8% |
| Taxes, remuneration and social security | 45 | €9,179 | €7,303 | -€1,876 | -20.4% |
| Taxes | 450/3 | €9,179 | €7,303 | -€1,876 | -20.4% |
| Other amounts payable | 47/48 | €101,672 | €114,845 | +€13,173 | +13.0% |
| Accrued charges and deferred income | 492/3 | €1,797 | €577 | -€1,220 | -67.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,676 | €13,099 | +€423 | +3.3% |
| Other operating charges | 640/8 | €1,223 | €1,948 | +€724 | +59.2% |
| Gross operating margin | 9900 | €138,251 | €112,778 | -€25,473 | -18.4% |
| Operating profit (loss) | 9901 | €124,352 | €97,731 | -€26,620 | -21.4% |
| Financial income | 75/76B | €18,006 | €125,124 | +€107,117 | +594.9% |
| Recurring financial income | 75 | €18,006 | €2,274 | -€15,732 | -87.4% |
| Non-recurring financial income | 76B | - | €122,849 | +€122,849 | |
| Financial charges | 65/66B | €9,205 | €6,854 | -€2,351 | -25.5% |
| Recurring financial charges | 65 | €9,205 | €6,854 | -€2,351 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €133,153 | €216,000 | +€82,848 | +62.2% |
| Income taxes | 67/77 | €39,821 | €37,924 | -€1,896 | -4.8% |
| Profit (loss) for the period | 9904 | €93,332 | €178,076 | +€84,744 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,332 | €178,076 | +€84,744 | +90.8% |
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 10 October 2026 via checked.be.