BoFiAd: 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.
BoFiAd
Largest movements
- Receivables within one year -€250,166
down €250,166 (-72.2%), from €346,635 to €96,469
of which Trade receivables: -€244,903
- Cash -€25,613
down €25,613 (-21.7%), from €118,220 to €92,608
mainly Trade debts (-€299,045) and Other debts (-€17,551)
- Trade debts -€299,045
down €299,045 (-99.5%), from €300,448 to €1,403
- Reserves +€34,850
up €34,850 (+19.3%), from €180,810 to €215,660
- Other debts -€17,551
down €17,551 (-28.3%), from €62,046 to €44,495
- Gross operating margin +€49,545
up €49,545 (+169%), from €29,255 to €78,800
- Other operating charges +€19,754
up €19,754 (+2,684%), from €736 to €20,490
- Taxes +€8,655
up €8,655 (+104%), from €8,303 to €16,958
- Depreciation -€5,590
down €5,590 (-60.6%), from €9,224 to €3,634
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 | €570,739 | €291,327 | -€279,412 | -49.0% |
| Fixed assets | 21/28 | €5,884 | €2,250 | -€3,634 | -61.8% |
| Tangible fixed assets | 22/27 | €4,384 | €750 | -€3,634 | -82.9% |
| Plant, machinery and equipment | 23 | €1,000 | €750 | -€250 | -25.0% |
| Furniture and vehicles | 24 | €3,384 | €0 | -€3,384 | -100% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €564,855 | €289,077 | -€275,778 | -48.8% |
| Amounts receivable within one year | 40/41 | €346,635 | €96,469 | -€250,166 | -72.2% |
| Trade receivables | 40 | €340,974 | €96,071 | -€244,903 | -71.8% |
| Other amounts receivable | 41 | €5,661 | €398 | -€5,263 | -93.0% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,220 | €92,608 | -€25,613 | -21.7% |
| Total equity and liabilities | 10/49 | €570,739 | €291,327 | -€279,412 | -49.0% |
| Equity | 10/15 | €199,668 | €234,537 | +€34,869 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,810 | €215,660 | +€34,850 | +19.3% |
| Distributable reserves | 133 | €180,810 | €215,660 | +€34,850 | +19.3% |
| Profit (loss) carried forward | 14 | €258 | €277 | +€19 | +7.5% |
| Amounts payable | 17/49 | €371,071 | €56,789 | -€314,281 | -84.7% |
| Amounts payable within one year | 42/48 | €369,031 | €54,099 | -€314,932 | -85.3% |
| Trade debts | 44 | €300,448 | €1,403 | -€299,045 | -99.5% |
| Suppliers | 440/4 | €300,448 | €1,403 | -€299,045 | -99.5% |
| Taxes, remuneration and social security | 45 | €6,538 | €8,201 | +€1,664 | +25.4% |
| Taxes | 450/3 | €6,538 | €8,201 | +€1,664 | +25.4% |
| Other amounts payable | 47/48 | €62,046 | €44,495 | -€17,551 | -28.3% |
| Accrued charges and deferred income | 492/3 | €2,039 | €2,690 | +€651 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,224 | €3,634 | -€5,590 | -60.6% |
| Other operating charges | 640/8 | €736 | €20,490 | +€19,754 | +2,684% |
| Gross operating margin | 9900 | €29,255 | €78,800 | +€49,545 | +169% |
| Operating profit (loss) | 9901 | €19,295 | €54,676 | +€35,381 | +183% |
| Financial income | 75/76B | €431 | €536 | +€104 | +24.2% |
| Recurring financial income | 75 | €431 | €536 | +€104 | +24.2% |
| Financial charges | 65/66B | €2,773 | €3,385 | +€613 | +22.1% |
| Recurring financial charges | 65 | €2,773 | €3,385 | +€613 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €16,954 | €51,827 | +€34,873 | +206% |
| Income taxes | 67/77 | €8,303 | €16,958 | +€8,655 | +104% |
| Profit (loss) for the period | 9904 | €8,651 | €34,869 | +€26,219 | +303% |
| Profit (loss) for the period to be appropriated | 9905 | €8,651 | €34,869 | +€26,219 | +303% |
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 14 October 2026 via checked.be.