BOFIMAC STRATEGY: 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.
BOFIMAC STRATEGY
Largest movements
- Cash +€4,269
up €4,269 (+458%), from €932 to €5,200
mainly Receivables within one year (+€3,197) and Tax, wage and social debts (+€2,603)
- Receivables within one year -€3,197
down €3,197 (-14.2%), from €22,553 to €19,356
of which Other amounts receivable: -€9,637
- Deferred charges and accrued income +€933
up €933 (+191%), from €490 to €1,423
- Tangible fixed assets -€656
down €656 (-31.8%), from €2,062 to €1,406
- Tax, wage and social debts +€2,603
up €2,603 (+41.7%), from €6,241 to €8,844
- Trade debts -€1,389
down €1,389 (-35.2%), from €3,949 to €2,560
- Gross operating margin -€6,153
down €6,153 (-69.1%), from €8,909 to €2,756
- Financial charges -€2,586
down €2,586 (-79.9%), from €3,235 to €649
- Staff costs -€1,163
down €1,163 (-100%), from €1,163 to €0
- Other operating charges -€908
down €908 (-63.4%), from €1,433 to €524
- Depreciation +€297
up €297 (+74.2%), from €400 to €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.
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 | €26,036 | €27,385 | +€1,349 | +5.2% |
| Fixed assets | 21/28 | €2,062 | €1,406 | -€656 | -31.8% |
| Tangible fixed assets | 22/27 | €2,062 | €1,406 | -€656 | -31.8% |
| Plant, machinery and equipment | 23 | €2,062 | €1,406 | -€656 | -31.8% |
| Current assets | 29/58 | €23,974 | €25,979 | +€2,005 | +8.4% |
| Amounts receivable within one year | 40/41 | €22,553 | €19,356 | -€3,197 | -14.2% |
| Trade receivables | 40 | €12,661 | €19,100 | +€6,440 | +50.9% |
| Other amounts receivable | 41 | €9,892 | €256 | -€9,637 | -97.4% |
| Cash at bank and in hand | 54/58 | €932 | €5,200 | +€4,269 | +458% |
| Deferred charges and accrued income | 490/1 | €490 | €1,423 | +€933 | +191% |
| Total equity and liabilities | 10/49 | €26,036 | €27,385 | +€1,349 | +5.2% |
| Equity | 10/15 | €6,098 | €6,116 | +€18 | +0.3% |
| Profit (loss) carried forward | 14 | €6,098 | €6,116 | +€18 | +0.3% |
| Amounts payable | 17/49 | €19,938 | €21,268 | +€1,331 | +6.7% |
| Amounts payable within one year | 42/48 | €19,938 | €21,268 | +€1,331 | +6.7% |
| Trade debts | 44 | €3,949 | €2,560 | -€1,389 | -35.2% |
| Suppliers | 440/4 | €3,949 | €2,560 | -€1,389 | -35.2% |
| Taxes, remuneration and social security | 45 | €6,241 | €8,844 | +€2,603 | +41.7% |
| Taxes | 450/3 | €6,241 | €8,844 | +€2,603 | +41.7% |
| Other amounts payable | 47/48 | €9,748 | €9,864 | +€116 | +1.2% |
| Remuneration, social security and pensions | 62 | €1,163 | €0 | -€1,163 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €697 | +€297 | +74.2% |
| Other operating charges | 640/8 | €1,433 | €524 | -€908 | -63.4% |
| Gross operating margin | 9900 | €8,909 | €2,756 | -€6,153 | -69.1% |
| Operating profit (loss) | 9901 | €5,913 | €1,534 | -€4,378 | -74.0% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100% |
| Financial charges | 65/66B | €3,235 | €649 | -€2,586 | -79.9% |
| Recurring financial charges | 65 | €3,235 | €649 | -€2,586 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €2,682 | €885 | -€1,797 | -67.0% |
| Income taxes | 67/77 | €1,077 | €867 | -€210 | -19.5% |
| Profit (loss) for the period | 9904 | €1,605 | €18 | -€1,587 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,605 | €18 | -€1,587 | -98.9% |
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 13 October 2026 via checked.be.