BOFIMAC: 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.
BOFIMAC
Largest movements
- Financial fixed assets +€100,000
up €100,000 (+43.5%), from €230,000 to €330,000
- Deferred charges and accrued income +€40,506
up €40,506 (+185.5%), from €21,838 to €62,344
- Receivables after one year -€16,840
down €16,840 (-42.1%), from €39,959 to €23,118
of which Trade receivables: -€39,959
- Current portion of long-term debt +€58,272
up €58,272 (+45.8%), from €127,132 to €185,404
- Reserves +€55,667
up €55,667 (+16.1%), from €346,007 to €401,674
of which Distributable reserves: +€53,807
- Trade debts +€53,072
up €53,072 (+170.1%), from €31,205 to €84,277
- Tax, wage and social debts -€41,263
down €41,263 (-38.5%), from €107,282 to €66,019
of which Taxes: -€33,232
- Other debts +€25,579
up €25,579 (+578.6%), from €4,421 to €30,000
- Financial charges -€30,596
down €30,596 (-47.5%), from €64,442 to €33,845
- Staff costs +€25,560
up €25,560 (+10.8%), from €237,385 to €262,945
- Taxes +€8,472
up €8,472 (+24.3%), from €34,880 to €43,352
- Gross operating margin +€7,270
up €7,270 (+1.6%), from €467,427 to €474,697
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 | €1,362,432 | €1,504,426 | +€141,994 | +10.4% |
| Fixed assets | 21/28 | €1,180,588 | €1,280,953 | +€100,365 | +8.5% |
| Intangible fixed assets | 21 | €807 | €802 | -€5 | -0.6% |
| Tangible fixed assets | 22/27 | €949,781 | €950,151 | +€370 | 0.0% |
| Land and buildings | 22 | €943,040 | €939,309 | -€3,730 | -0.4% |
| Furniture and vehicles | 24 | €6,741 | €10,841 | +€4,100 | +60.8% |
| Financial fixed assets | 28 | €230,000 | €330,000 | +€100,000 | +43.5% |
| Current assets | 29/58 | €181,843 | €223,473 | +€41,629 | +22.9% |
| Amounts receivable after more than one year | 29 | €39,959 | €23,118 | -€16,840 | -42.1% |
| Trade receivables | 290 | €39,959 | - | -€39,959 | |
| Other amounts receivable | 291 | - | €23,118 | +€23,118 | |
| Amounts receivable within one year | 40/41 | €98,063 | €102,451 | +€4,388 | +4.5% |
| Trade receivables | 40 | €24,764 | €39,661 | +€14,896 | +60.2% |
| Other amounts receivable | 41 | €73,299 | €62,790 | -€10,509 | -14.3% |
| Cash at bank and in hand | 54/58 | €21,984 | €35,560 | +€13,576 | +61.8% |
| Deferred charges and accrued income | 490/1 | €21,838 | €62,344 | +€40,506 | +185.5% |
| Total equity and liabilities | 10/49 | €1,362,432 | €1,504,426 | +€141,994 | +10.4% |
| Equity | 10/15 | €364,607 | €420,274 | +€55,667 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €346,007 | €401,674 | +€55,667 | +16.1% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €346,007 | €399,814 | +€53,807 | +15.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €997,825 | €1,084,152 | +€86,327 | +8.7% |
| Amounts payable after more than one year | 17 | €718,452 | €717,799 | -€653 | -0.1% |
| Financial debts | 170/4 | €718,452 | €655,299 | -€63,153 | -8.8% |
| Other amounts payable | 178/9 | - | €62,500 | +€62,500 | |
| Amounts payable within one year | 42/48 | €270,039 | €365,700 | +€95,661 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €127,132 | €185,404 | +€58,272 | +45.8% |
| Trade debts | 44 | €31,205 | €84,277 | +€53,072 | +170.1% |
| Suppliers | 440/4 | €31,205 | €84,277 | +€53,072 | +170.1% |
| Taxes, remuneration and social security | 45 | €107,282 | €66,019 | -€41,263 | -38.5% |
| Taxes | 450/3 | €69,768 | €36,536 | -€33,232 | -47.6% |
| Remuneration and social security | 454/9 | €37,514 | €29,483 | -€8,031 | -21.4% |
| Other amounts payable | 47/48 | €4,421 | €30,000 | +€25,579 | +578.6% |
| Accrued charges and deferred income | 492/3 | €9,334 | €653 | -€8,680 | -93.0% |
| Remuneration, social security and pensions | 62 | €237,385 | €262,945 | +€25,560 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,666 | €39,341 | -€1,325 | -3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,088 | €2,620 | -€1,468 | -35.9% |
| Other operating charges | 640/8 | €10,119 | €9,864 | -€254 | -2.5% |
| Non-recurring operating charges | 66A | €2,364 | €1,023 | -€1,340 | -56.7% |
| Gross operating margin | 9900 | €467,427 | €474,697 | +€7,270 | +1.6% |
| Operating profit (loss) | 9901 | €172,806 | €158,903 | -€13,903 | -8.0% |
| Financial income | 75/76B | €1,306 | €3,962 | +€2,655 | +203.3% |
| Recurring financial income | 75 | €1,306 | €3,962 | +€2,655 | +203.3% |
| Financial charges | 65/66B | €64,442 | €33,845 | -€30,596 | -47.5% |
| Recurring financial charges | 65 | €64,442 | €33,845 | -€30,596 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €109,670 | €129,019 | +€19,349 | +17.6% |
| Income taxes | 67/77 | €34,880 | €43,352 | +€8,472 | +24.3% |
| Profit (loss) for the period | 9904 | €74,790 | €85,667 | +€10,876 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,790 | €85,667 | +€10,876 | +14.5% |
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 4 October 2026 via checked.be.