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BOFIT: 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.

What changed

BOFIT

BE 0435.427.258
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€13,030
2024 · -€15,148+€2,117
Equity
€1.7m
2024 · €11,707+€1.7m
Cash
€8,828
2024 · €4,900+€3,928
Balance sheet total
€2.1m
2024 · €337,862+€1.8m

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€1.8m

    up €1.8m (+545.4%), from €323,030 to €2.1m

    of which Land and buildings: +€1.8m

Equity and liabilities
  • Revaluation surpluses +€1.8m

    new in 2025: €1.8m

  • Other debts +€30,031

    up €30,031 (+9.2%), from €325,202 to €355,232

Income statement
  • Turnover +€10,773

    up €10,773 (+30.8%), from €34,953 to €45,726

  • Gross operating margin +€7,676

    up €7,676 (+36.8%), from €20,863 to €28,538

  • Depreciation +€5,647

    up €5,647 (+19.8%), from €28,548 to €34,195

  • Purchases and services +€1,808

    up €1,808 (+11.8%), from €15,379 to €17,187

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€15,148
Gross operating margin +€7,676
Staff costs -€12
Depreciation -€5,647
Other operating charges +€64
Financial income +€7
Financial charges +€30
Result 2025 -€13,030

Cash bridge derived

cash 2024 to 2025

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.

From operations +€50,085
Investment -€1.8m
Financing +€1.8m
Cash 2024 €4,900
Net result for the year -€13,030
Depreciation +€34,195
Smaller working-capital items -€1,110
Other debts +€30,031
Investment in fixed assets (net) -€1.8m
Contributions, distributions and other +€1.8m
Cash 2025 €8,828
Every line side by side 35 lines
Line Code 2024 2025 Change %
Total assets 20/58 €337,862 €2,103,909 +€1.8m +522.7%
Fixed assets 21/28 €323,030 €2,084,993 +€1.8m +545.4%
Tangible fixed assets 22/27 €323,030 €2,084,993 +€1.8m +545.4%
Land and buildings 22 €253,353 €2,020,457 +€1.8m +697.5%
Plant, machinery and equipment 23 €69,677 €64,535 -€5,142 -7.4%
Current assets 29/58 €14,832 €18,917 +€4,084 +27.5%
Amounts receivable within one year 40/41 €9,250 €9,407 +€156 +1.7%
Trade receivables 40 €9,250 €9,407 +€156 +1.7%
Cash at bank and in hand 54/58 €4,900 €8,828 +€3,928 +80.2%
Deferred charges and accrued income 490/1 €682 €682 = 0.0%
Total equity and liabilities 10/49 €337,862 €2,103,909 +€1.8m +522.7%
Equity 10/15 €11,707 €1,748,677 +€1.7m +14836.5%
Contributions 10/11 €210,710 €210,710 = 0.0%
Revaluation surpluses 12 - €1,750,000 +€1.8m
Profit (loss) carried forward 14 -€199,002 -€212,032 -€13,030 -6.5%
Amounts payable 17/49 €326,155 €355,232 +€29,077 +8.9%
Amounts payable within one year 42/48 €326,155 €355,232 +€29,077 +8.9%
Trade debts 44 €953 - -€953
Suppliers 440/4 €953 - -€953
Other amounts payable 47/48 €325,202 €355,232 +€30,031 +9.2%
Turnover 70 €34,953 €45,726 +€10,773 +30.8%
Goods, raw materials, services and sundry goods 60/61 €15,379 €17,187 +€1,808 +11.8%
Remuneration, social security and pensions 62 €387 €400 +€12 +3.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €28,548 €34,195 +€5,647 +19.8%
Other operating charges 640/8 €6,905 €6,841 -€64 -0.9%
Gross operating margin 9900 €20,863 €28,538 +€7,676 +36.8%
Operating profit (loss) 9901 -€14,978 -€12,897 +€2,080 +13.9%
Financial income 75/76B - €7 +€7
Recurring financial income 75 - €7 +€7
Non-recurring financial income 76B - €7 +€7
Financial charges 65/66B €170 €140 -€30 -17.6%
Recurring financial charges 65 €170 €140 -€30 -17.6%
Profit (loss) for the period before taxes 9903 -€15,148 -€13,030 +€2,117 +14.0%
Profit (loss) for the period 9904 -€15,148 -€13,030 +€2,117 +14.0%
Profit (loss) for the period to be appropriated 9905 -€15,148 -€13,030 +€2,117 +14.0%

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 28 September 2026 via checked.be.