BOFIBAT: 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.
BOFIBAT
Largest movements
- Current assets -€120,323
down €120,323 (-85.8%), from €140,298 to €19,975
of which Receivables within one year: -€98,728
- Tangible fixed assets +€13,036
up €13,036 (+64.4%), from €20,236 to €33,272
- Debts -€295,542
down €295,542 (-25.6%), from €1.2m to €859,714
- Profit (loss) carried forward +€188,706
up €188,706 (+15.8%), from -€1.2m to -€1.0m
- Gross operating margin +€113,900
up €113,900 (+84.0%), from €135,558 to €249,458
- Taxes +€19,778
up €19,778 (+128%), from €15,506 to €35,283
- Depreciation +€3,032
up €3,032 (+61.4%), from €4,934 to €7,966
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,934 | €54,097 | -€106,837 | -66.4% |
| Fixed assets | 21/28 | €20,636 | €34,122 | +€13,486 | +65.3% |
| Tangible fixed assets | 22/27 | €20,236 | €33,272 | +€13,036 | +64.4% |
| Financial fixed assets | 28 | €400 | €850 | +€450 | +113% |
| Current assets | 29/58 | €140,298 | €19,975 | -€120,323 | -85.8% |
| Amounts receivable within one year | 40/41 | €113,404 | €14,677 | -€98,728 | -87.1% |
| Current investments | 50/53 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €15,750 | €4,155 | -€11,596 | -73.6% |
| Total equity and liabilities | 10/49 | €160,934 | €54,097 | -€106,837 | -66.4% |
| Equity | 10/15 | -€994,322 | -€805,617 | +€188,705 | +19.0% |
| Contributions | 10/11 | €56,250 | €56,250 | +€0 | 0.0% |
| Reserves | 13 | €142,706 | €142,705 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,193,278 | -€1,004,572 | +€188,706 | +15.8% |
| Amounts payable | 17/49 | €1,155,256 | €859,714 | -€295,542 | -25.6% |
| Amounts payable within one year | 42/48 | €1,155,256 | €47,393 | -€1.1m | -95.9% |
| Trade debts | 44 | €4 | €1,936 | +€1,932 | +47,582% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,934 | €7,966 | +€3,032 | +61.4% |
| Gross operating margin | 9900 | €135,558 | €249,458 | +€113,900 | +84.0% |
| Operating profit (loss) | 9901 | €37,460 | €239,780 | +€202,320 | +540% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +69.2% |
| Recurring financial charges | 65 | €8,895 | €549 | -€8,345 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | €28,565 | €223,988 | +€195,423 | +684% |
| Income taxes | 67/77 | €15,506 | €35,283 | +€19,778 | +128% |
| Profit (loss) for the period | 9904 | €13,060 | €188,705 | +€175,645 | +1,345% |
| Profit (loss) for the period to be appropriated | 9905 | €13,060 | €188,705 | +€175,645 | +1,345% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.