BOFLEX: 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
BOFLEX
NACE 43.320, Joinery installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€192,071
2024 · -€137,795-€54,276
Equity
€1.7m
2024 · €1.9m-€192,071
Cash
€675,771
2024 · €513,577+€162,194
Balance sheet total
€2.2m
2024 · €2.4m-€196,709
Largest movements
Assets
- Receivables within one year -€228,363
down €228,363 (-51.2%), from €445,751 to €217,388
of which Trade receivables: -€178,210
- Cash +€162,194
up €162,194 (+31.6%), from €513,577 to €675,771
mainly Receivables within one year (+€228,363) and Depreciation (+€79,395)
- Tangible fixed assets -€90,365
down €90,365 (-17.0%), from €530,486 to €440,121
- Deferred charges and accrued income -€23,761
down €23,761 (-44.7%), from €53,143 to €29,382
Equity and liabilities
- Profit (loss) carried forward -€192,071
down €192,071 (-20.9%), from €920,687 to €728,616
- Advances received -€61,234
down €61,234 (-29.4%), from €208,059 to €146,825
- Trade debts +€42,668
up €42,668 (+46.0%), from €92,837 to €135,504
Income statement
- Turnover -€278,028
down €278,028 (-5.3%), from €5.2m to €5.0m
- Goods and materials -€227,055
down €227,055 (-6.7%), from €3.4m to €3.1m
of which Purchases: -€237,423
- Write-downs -€142,463
down €142,463, from €71,629 to -€70,834
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.
Result 2024
-€137,795
Turnover
-€278,028
Other operating income
+€796
Goods and materials
+€227,055
Services and other goods
-€17,159
Staff costs
-€42,033
Depreciation
+€5,352
Write-downs
+€142,463
Provisions
+€4,666
Other operating charges
-€31,714
Other operating items
-€59,692
Financial income
-€4,371
Financial charges
-€1,354
Taxes
-€258
Result 2025
-€192,071
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.
From operations
+€151,224
Investment
+€10,970
Financing
€0
Cash 2024
€513,577
From operations (derived)
+€151,224
Net result for the year
-€192,071
Depreciation
+€79,395
Stocks and contracts
+€16,413
Receivables within one year
+€228,363
Deferred charges and accrued income
+€23,761
Provisions
+€3,092
Trade debts
+€42,668
Tax, wage and social debts
+€10,542
Advances received
-€61,234
Accrued charges and deferred income
+€294
Investment (derived)
+€10,970
Investment in fixed assets (net)
+€10,970
Cash 2025
€675,771
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,350,610 | €2,153,901 | -€196,709 | -8.4% |
| Fixed assets | 21/28 | €531,209 | €440,843 | -€90,365 | -17.0% |
| Tangible fixed assets | 22/27 | €530,486 | €440,121 | -€90,365 | -17.0% |
| Land and buildings | 22 | €342,535 | €323,603 | -€18,932 | -5.5% |
| Plant, machinery and equipment | 23 | €27,272 | €22,273 | -€4,999 | -18.3% |
| Furniture and vehicles | 24 | €85,652 | €52,131 | -€33,521 | -39.1% |
| Other tangible fixed assets | 26 | €75,028 | €42,114 | -€32,914 | -43.9% |
| Financial fixed assets | 28 | €722 | €722 | = | 0.0% |
| Other financial fixed assets | 284/8 | €722 | €722 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €722 | €722 | = | 0.0% |
| Current assets | 29/58 | €1,819,401 | €1,713,058 | -€106,344 | -5.8% |
| Stocks and contracts in progress | 3 | €156,930 | €140,517 | -€16,413 | -10.5% |
| Stocks | 30/36 | €156,930 | €140,517 | -€16,413 | -10.5% |
| Raw materials and consumables | 30/31 | €87,386 | €90,116 | +€2,730 | +3.1% |
| Finished goods | 33 | €69,544 | €50,401 | -€19,143 | -27.5% |
| Amounts receivable within one year | 40/41 | €445,751 | €217,388 | -€228,363 | -51.2% |
| Trade receivables | 40 | €394,925 | €216,715 | -€178,210 | -45.1% |
| Other amounts receivable | 41 | €50,826 | €674 | -€50,153 | -98.7% |
| Current investments | 50/53 | €650,000 | €650,000 | = | 0.0% |
| Other investments | 51/53 | €650,000 | €650,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €513,577 | €675,771 | +€162,194 | +31.6% |
| Deferred charges and accrued income | 490/1 | €53,143 | €29,382 | -€23,761 | -44.7% |
| Total equity and liabilities | 10/49 | €2,350,610 | €2,153,901 | -€196,709 | -8.4% |
| Equity | 10/15 | €1,859,415 | €1,667,344 | -€192,071 | -10.3% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Capital | 10 | €743,681 | €743,681 | = | 0.0% |
| Issued capital | 100 | €743,681 | €743,681 | = | 0.0% |
| Reserves | 13 | €195,047 | €195,047 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,368 | €74,368 | = | 0.0% |
| Legal reserve | 130 | €74,368 | €74,368 | = | 0.0% |
| Distributable reserves | 133 | €120,679 | €120,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | €920,687 | €728,616 | -€192,071 | -20.9% |
| Provisions and deferred taxes | 16 | €43,842 | €46,934 | +€3,092 | +7.1% |
| Provisions for liabilities and charges | 160/5 | €43,842 | €46,934 | +€3,092 | +7.1% |
| Pensions and similar obligations | 160 | €15,608 | €17,455 | +€1,847 | +11.8% |
| Other liabilities and charges | 164/5 | €28,234 | €29,479 | +€1,245 | +4.4% |
| Amounts payable | 17/49 | €447,354 | €439,624 | -€7,730 | -1.7% |
| Amounts payable after more than one year | 17 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 178/9 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €436,671 | €428,647 | -€8,024 | -1.8% |
| Trade debts | 44 | €92,837 | €135,504 | +€42,668 | +46.0% |
| Suppliers | 440/4 | €92,837 | €135,504 | +€42,668 | +46.0% |
| Advances received on contracts in progress | 46 | €208,059 | €146,825 | -€61,234 | -29.4% |
| Taxes, remuneration and social security | 45 | €135,775 | €146,317 | +€10,542 | +7.8% |
| Taxes | 450/3 | €20,855 | €37,258 | +€16,403 | +78.7% |
| Remuneration and social security | 454/9 | €114,920 | €109,059 | -€5,861 | -5.1% |
| Accrued charges and deferred income | 492/3 | €8,183 | €8,477 | +€294 | +3.6% |
| Operating income | 70/76A | €5,351,016 | €5,015,669 | -€335,347 | -6.3% |
| Turnover | 70 | €5,240,882 | €4,962,854 | -€278,028 | -5.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €34,498 | -€19,143 | -€53,641 | |
| Other operating income | 74 | €64,162 | €64,958 | +€796 | +1.2% |
| Non-recurring operating income | 76A | €11,475 | €7,000 | -€4,475 | -39.0% |
| Operating charges | 60/66A | €5,532,349 | €5,245,295 | -€287,054 | -5.2% |
| Goods for resale, raw materials and consumables | 60 | €3,375,272 | €3,148,217 | -€227,055 | -6.7% |
| Purchases | 600/8 | €3,389,702 | €3,152,279 | -€237,423 | -7.0% |
| Change in stocks: decrease (increase) | 609 | -€14,430 | -€4,062 | +€10,368 | +71.8% |
| Services and other goods | 61 | €755,305 | €772,463 | +€17,159 | +2.3% |
| Remuneration, social security and pensions | 62 | €1,204,722 | €1,246,756 | +€42,033 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,748 | €79,395 | -€5,352 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €71,629 | -€70,834 | -€142,463 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,758 | €3,092 | -€4,666 | -60.1% |
| Other operating charges | 640/8 | €32,915 | €64,629 | +€31,714 | +96.3% |
| Non-recurring operating charges | 66A | €0 | €1,576 | +€1,576 | |
| Operating profit (loss) | 9901 | -€181,333 | -€229,626 | -€48,293 | -26.6% |
| Financial income | 75/76B | €64,140 | €59,769 | -€4,371 | -6.8% |
| Recurring financial income | 75 | €64,140 | €59,769 | -€4,371 | -6.8% |
| Income from current assets | 751 | €15,512 | €14,361 | -€1,152 | -7.4% |
| Other financial income | 752/9 | €48,628 | €45,408 | -€3,219 | -6.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €18,844 | €20,198 | +€1,354 | +7.2% |
| Recurring financial charges | 65 | €18,844 | €20,198 | +€1,354 | +7.2% |
| Debt charges | 650 | €11,850 | €13,671 | +€1,820 | +15.4% |
| Other financial charges | 652/9 | €6,994 | €6,527 | -€467 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€136,037 | -€190,055 | -€54,018 | -39.7% |
| Income taxes | 67/77 | €1,758 | €2,016 | +€258 | +14.7% |
| Taxes | 670/3 | €1,758 | €2,021 | +€263 | +15.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5 | +€5 | |
| Profit (loss) for the period | 9904 | -€137,795 | -€192,071 | -€54,276 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,795 | -€192,071 | -€54,276 | -39.4% |
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.