BOFINOP: 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.
BOFINOP
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash +€53,775
up €53,775 (+28.1%), from €191,189 to €244,964
mainly Net result for the year (+€179,432) and Other debts (+€150,054)
- Receivables within one year +€47,721
up €47,721 (+53023.2%), from €90 to €47,811
of which Trade receivables: +€47,605
- Tangible fixed assets -€10,075
down €10,075 (-22.9%), from €43,918 to €33,843
- Other debts +€150,054
up €150,054 (+16150.8%), from €929 to €150,983
- Reserves +€29,432
up €29,432 (+21.0%), from €140,333 to €169,765
- Tax, wage and social debts +€29,223
up €29,223 (+68.8%), from €42,493 to €71,716
of which Taxes: +€28,897
- Debts after one year -€12,922
down €12,922 (-48.9%), from €26,406 to €13,484
- Trade debts -€5,367
down €5,367 (-99.2%), from €5,409 to €43
- Gross operating margin +€69,345
up €69,345 (+38.3%), from €180,976 to €250,320
- Taxes +€18,039
up €18,039 (+48.8%), from €36,977 to €55,016
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 | €238,019 | €428,913 | +€190,894 | +80.2% |
| Fixed assets | 21/28 | €43,918 | €33,843 | -€10,075 | -22.9% |
| Tangible fixed assets | 22/27 | €43,918 | €33,843 | -€10,075 | -22.9% |
| Furniture and vehicles | 24 | €43,918 | €33,843 | -€10,075 | -22.9% |
| Current assets | 29/58 | €194,101 | €395,070 | +€200,969 | +103.5% |
| Amounts receivable within one year | 40/41 | €90 | €47,811 | +€47,721 | +53023.2% |
| Trade receivables | 40 | €90 | €47,695 | +€47,605 | +52894.7% |
| Other amounts receivable | 41 | - | €116 | +€116 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €191,189 | €244,964 | +€53,775 | +28.1% |
| Deferred charges and accrued income | 490/1 | €2,822 | €2,296 | -€527 | -18.7% |
| Total equity and liabilities | 10/49 | €238,019 | €428,913 | +€190,894 | +80.2% |
| Equity | 10/15 | €150,333 | €179,765 | +€29,432 | +19.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €140,333 | €169,765 | +€29,432 | +21.0% |
| Distributable reserves | 133 | €140,333 | €169,765 | +€29,432 | +21.0% |
| Amounts payable | 17/49 | €87,687 | €249,148 | +€161,461 | +184.1% |
| Amounts payable after more than one year | 17 | €26,406 | €13,484 | -€12,922 | -48.9% |
| Financial debts | 170/4 | €26,406 | €13,484 | -€12,922 | -48.9% |
| Amounts payable within one year | 42/48 | €61,215 | €235,664 | +€174,449 | +285.0% |
| Current portion of amounts payable after more than one year | 42 | €12,384 | €12,922 | +€538 | +4.3% |
| Trade debts | 44 | €5,409 | €43 | -€5,367 | -99.2% |
| Suppliers | 440/4 | €5,409 | €43 | -€5,367 | -99.2% |
| Taxes, remuneration and social security | 45 | €42,493 | €71,716 | +€29,223 | +68.8% |
| Taxes | 450/3 | €38,964 | €67,861 | +€28,897 | +74.2% |
| Remuneration and social security | 454/9 | €3,529 | €3,855 | +€326 | +9.2% |
| Other amounts payable | 47/48 | €929 | €150,983 | +€150,054 | +16150.8% |
| Accrued charges and deferred income | 492/3 | €65 | - | -€65 | |
| Remuneration, social security and pensions | 62 | - | €2,145 | +€2,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,194 | €11,256 | +€62 | +0.6% |
| Other operating charges | 640/8 | €3,112 | €889 | -€2,223 | -71.4% |
| Gross operating margin | 9900 | €180,976 | €250,320 | +€69,345 | +38.3% |
| Operating profit (loss) | 9901 | €166,669 | €236,029 | +€69,360 | +41.6% |
| Financial charges | 65/66B | €2,304 | €1,582 | -€723 | -31.4% |
| Recurring financial charges | 65 | €2,304 | €1,582 | -€723 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €164,365 | €234,448 | +€70,083 | +42.6% |
| Income taxes | 67/77 | €36,977 | €55,016 | +€18,039 | +48.8% |
| Profit (loss) for the period | 9904 | €127,388 | €179,432 | +€52,044 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €127,388 | €179,432 | +€52,044 | +40.9% |
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 7 October 2026 via checked.be.