BOFINA: 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.
BOFINA
Largest movements
- Cash -€7,912
down €7,912 (-10.5%), from €75,051 to €67,139
mainly Contributions, distributions and other (-€30,000) and Tax, wage and social debts (-€6,928)
- Receivables within one year -€7,175
down €7,175 (-31.0%), from €23,176 to €16,002
of which Trade receivables: -€7,171
- Deferred charges and accrued income +€1,350
up €1,350 (+13.3%), from €10,154 to €11,504
- Tax, wage and social debts -€6,928
down €6,928 (-28.9%), from €23,933 to €17,006
of which Remuneration and social security: -€16,654
- Other debts -€6,400
down €6,400 (-17.6%), from €36,400 to €30,000
- Gross operating margin -€3,976
down €3,976 (-1.7%), from €240,348 to €236,371
- Staff costs +€3,319
up €3,319 (+1.7%), from €200,541 to €203,861
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 | €111,218 | €98,209 | -€13,010 | -11.7% |
| Fixed assets | 21/28 | €2,838 | €3,565 | +€727 | +25.6% |
| Tangible fixed assets | 22/27 | €2,838 | €3,565 | +€727 | +25.6% |
| Plant, machinery and equipment | 23 | €555 | €0 | -€555 | -100% |
| Furniture and vehicles | 24 | €2,283 | €3,565 | +€1,282 | +56.2% |
| Current assets | 29/58 | €108,381 | €94,644 | -€13,737 | -12.7% |
| Amounts receivable within one year | 40/41 | €23,176 | €16,002 | -€7,175 | -31.0% |
| Trade receivables | 40 | €23,158 | €15,987 | -€7,171 | -31.0% |
| Other amounts receivable | 41 | €19 | €15 | -€4 | -18.8% |
| Cash at bank and in hand | 54/58 | €75,051 | €67,139 | -€7,912 | -10.5% |
| Deferred charges and accrued income | 490/1 | €10,154 | €11,504 | +€1,350 | +13.3% |
| Total equity and liabilities | 10/49 | €111,218 | €98,209 | -€13,010 | -11.7% |
| Equity | 10/15 | €42,356 | €42,392 | +€36 | +0.1% |
| Contributions | 10/11 | €19,900 | €19,900 | = | 0.0% |
| Reserves | 13 | €2,422 | €2,422 | = | 0.0% |
| Distributable reserves | 133 | €2,422 | €2,422 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,033 | €20,070 | +€36 | +0.2% |
| Amounts payable | 17/49 | €68,863 | €55,817 | -€13,046 | -18.9% |
| Amounts payable within one year | 42/48 | €68,440 | €55,817 | -€12,623 | -18.4% |
| Trade debts | 44 | €8,107 | €8,811 | +€705 | +8.7% |
| Suppliers | 440/4 | €8,107 | €8,811 | +€705 | +8.7% |
| Taxes, remuneration and social security | 45 | €23,933 | €17,006 | -€6,928 | -28.9% |
| Taxes | 450/3 | €7,279 | €17,006 | +€9,726 | +134% |
| Remuneration and social security | 454/9 | €16,654 | €0 | -€16,654 | -100% |
| Other amounts payable | 47/48 | €36,400 | €30,000 | -€6,400 | -17.6% |
| Accrued charges and deferred income | 492/3 | €423 | €0 | -€423 | -100% |
| Remuneration, social security and pensions | 62 | €200,541 | €203,861 | +€3,319 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,388 | €1,184 | -€205 | -14.7% |
| Other operating charges | 640/8 | €442 | €455 | +€12 | +2.8% |
| Gross operating margin | 9900 | €240,348 | €236,371 | -€3,976 | -1.7% |
| Operating profit (loss) | 9901 | €37,976 | €30,872 | -€7,103 | -18.7% |
| Financial income | 75/76B | €68 | €1 | -€67 | -98.6% |
| Recurring financial income | 75 | €68 | €1 | -€67 | -98.6% |
| Financial charges | 65/66B | €423 | €328 | -€95 | -22.4% |
| Recurring financial charges | 65 | €423 | €328 | -€95 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €37,620 | €30,545 | -€7,075 | -18.8% |
| Income taxes | 67/77 | €1,155 | €508 | -€647 | -56.0% |
| Profit (loss) for the period | 9904 | €36,465 | €30,036 | -€6,428 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,465 | €30,036 | -€6,428 | -17.6% |
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 18 October 2026 via checked.be.