BOFICO: 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.
BOFICO
Largest movements
- Cash -€4,822
down €4,822 (-29.0%), from €16,655 to €11,833
mainly Net result for the year (-€2,044) and Investment in fixed assets (net) (-€1,563)
- Formation expenses +€1,250
new in 2025: €1,250
- Profit (loss) carried forward -€2,044
down €2,044 (-23.9%), from €8,564 to €6,520
- Trade debts -€1,481
no longer reported in 2025 (was €1,481)
- Gross operating margin -€1,844
down €1,844 (-53.8%), from €3,429 to €1,585
- Depreciation +€313
new in 2025: €313
- Other operating charges +€70
up €70 (+2.3%), from €3,059 to €3,129
- Taxes -€42
down €42 (-90.8%), from €46 to €4
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 | €42,185 | €38,614 | -€3,571 | -8.5% |
| Formation expenses | 20 | - | €1,250 | +€1,250 | |
| Fixed assets | 21/28 | €25,530 | €25,530 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,530 | €25,530 | = | 0.0% |
| Land and buildings | 22 | €25,530 | €25,530 | = | 0.0% |
| Current assets | 29/58 | €16,655 | €11,833 | -€4,822 | -29.0% |
| Cash at bank and in hand | 54/58 | €16,655 | €11,833 | -€4,822 | -29.0% |
| Total equity and liabilities | 10/49 | €42,185 | €38,614 | -€3,571 | -8.5% |
| Equity | 10/15 | €40,493 | €38,449 | -€2,044 | -5.0% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €929 | €929 | = | 0.0% |
| Non-distributable reserves | 130/1 | €929 | €929 | = | 0.0% |
| Reserves not available under the articles | 1311 | €929 | €929 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,564 | €6,520 | -€2,044 | -23.9% |
| Amounts payable | 17/49 | €1,692 | €165 | -€1,527 | -90.3% |
| Amounts payable within one year | 42/48 | €1,692 | €165 | -€1,527 | -90.3% |
| Trade debts | 44 | €1,481 | - | -€1,481 | |
| Suppliers | 440/4 | €1,481 | - | -€1,481 | |
| Taxes, remuneration and social security | 45 | €46 | - | -€46 | |
| Taxes | 450/3 | €46 | - | -€46 | |
| Other amounts payable | 47/48 | €165 | €165 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €313 | +€313 | |
| Other operating charges | 640/8 | €3,059 | €3,129 | +€70 | +2.3% |
| Gross operating margin | 9900 | €3,429 | €1,585 | -€1,844 | -53.8% |
| Operating profit (loss) | 9901 | €370 | -€1,856 | -€2,226 | |
| Financial charges | 65/66B | €187 | €184 | -€3 | -1.8% |
| Recurring financial charges | 65 | €187 | €184 | -€3 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €183 | -€2,040 | -€2,223 | |
| Income taxes | 67/77 | €46 | €4 | -€42 | -90.8% |
| Profit (loss) for the period | 9904 | €137 | -€2,044 | -€2,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €137 | -€2,044 | -€2,181 |
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.