BOFO: 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.
BOFO
Largest movements
- Cash +€55,628
up €55,628 (+108.7%), from €51,161 to €106,789
mainly Net result for the year (+€70,550) and Depreciation (+€56,921)
- Tangible fixed assets +€21,266
up €21,266 (+8.1%), from €261,521 to €282,787
of which Furniture and vehicles: +€38,479
- Intangible fixed assets +€8,986
new in 2025: €8,986
- Stocks and contracts +€7,711
up €7,711 (+205.1%), from €3,760 to €11,471
- Profit (loss) carried forward +€70,550
up €70,550 (+81.5%), from -€86,529 to -€15,980
- Tax, wage and social debts +€37,481
up €37,481 (+162.9%), from €23,013 to €60,494
of which Remuneration and social security: +€27,077
- Debts after one year -€12,788
down €12,788 (-7.7%), from €165,952 to €153,164
- Gross operating margin +€166,472
up €166,472 (+74.0%), from €224,891 to €391,363
- Staff costs +€87,112
up €87,112 (+58.5%), from €148,854 to €235,966
- Depreciation -€9,815
down €9,815 (-14.7%), from €66,736 to €56,921
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 | €322,033 | €419,043 | +€97,010 | +30.1% |
| Fixed assets | 21/28 | €261,521 | €291,773 | +€30,252 | +11.6% |
| Intangible fixed assets | 21 | - | €8,986 | +€8,986 | |
| Tangible fixed assets | 22/27 | €261,521 | €282,787 | +€21,266 | +8.1% |
| Land and buildings | 22 | €233,950 | €207,414 | -€26,536 | -11.3% |
| Plant, machinery and equipment | 23 | €23,605 | €32,927 | +€9,323 | +39.5% |
| Furniture and vehicles | 24 | €3,966 | €42,445 | +€38,479 | +970.3% |
| Current assets | 29/58 | €60,513 | €127,270 | +€66,757 | +110.3% |
| Stocks and contracts in progress | 3 | €3,760 | €11,471 | +€7,711 | +205.1% |
| Stocks | 30/36 | €3,760 | €11,471 | +€7,711 | +205.1% |
| Amounts receivable within one year | 40/41 | €775 | €2,972 | +€2,197 | +283.6% |
| Trade receivables | 40 | €775 | €2,972 | +€2,197 | +283.6% |
| Cash at bank and in hand | 54/58 | €51,161 | €106,789 | +€55,628 | +108.7% |
| Deferred charges and accrued income | 490/1 | €4,817 | €6,038 | +€1,221 | +25.3% |
| Total equity and liabilities | 10/49 | €322,033 | €419,043 | +€97,010 | +30.1% |
| Equity | 10/15 | €13,471 | €84,020 | +€70,550 | +523.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,529 | -€15,980 | +€70,550 | +81.5% |
| Provisions and deferred taxes | 16 | - | €2,500 | +€2,500 | |
| Provisions for liabilities and charges | 160/5 | - | €2,500 | +€2,500 | |
| Other liabilities and charges | 164/5 | - | €2,500 | +€2,500 | |
| Amounts payable | 17/49 | €308,563 | €332,523 | +€23,960 | +7.8% |
| Amounts payable after more than one year | 17 | €165,952 | €153,164 | -€12,788 | -7.7% |
| Financial debts | 170/4 | €165,952 | €153,164 | -€12,788 | -7.7% |
| Amounts payable within one year | 42/48 | €142,219 | €178,966 | +€36,748 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €40,979 | €39,860 | -€1,120 | -2.7% |
| Trade debts | 44 | €58,226 | €58,613 | +€386 | +0.7% |
| Suppliers | 440/4 | €58,226 | €58,613 | +€386 | +0.7% |
| Taxes, remuneration and social security | 45 | €23,013 | €60,494 | +€37,481 | +162.9% |
| Taxes | 450/3 | €3,628 | €14,032 | +€10,404 | +286.8% |
| Remuneration and social security | 454/9 | €19,385 | €46,462 | +€27,077 | +139.7% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €393 | €393 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €148,854 | €235,966 | +€87,112 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,736 | €56,921 | -€9,815 | -14.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,500 | +€2,500 | |
| Other operating charges | 640/8 | €9,679 | €11,852 | +€2,172 | +22.4% |
| Gross operating margin | 9900 | €224,891 | €391,363 | +€166,472 | +74.0% |
| Operating profit (loss) | 9901 | -€378 | €84,125 | +€84,502 | |
| Financial income | 75/76B | €3 | €31 | +€27 | +803.3% |
| Recurring financial income | 75 | €3 | €31 | +€27 | +803.3% |
| Financial charges | 65/66B | €14,019 | €12,242 | -€1,777 | -12.7% |
| Recurring financial charges | 65 | €14,019 | €12,242 | -€1,777 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,393 | €71,913 | +€86,306 | |
| Income taxes | 67/77 | - | €1,364 | +€1,364 | |
| Profit (loss) for the period | 9904 | -€14,393 | €70,550 | +€84,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,393 | €70,550 | +€84,943 |
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.