BOFREY: 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.
BOFREY
Largest movements
- Cash +€12,613
up €12,613 (+17.7%), from €71,086 to €83,700
mainly Net result for the year (+€27,988) and Receivables within one year (+€7,928)
- Receivables within one year -€7,928
down €7,928 (-29.3%), from €27,068 to €19,140
of which Other amounts receivable: -€9,271
- Reserves +€27,988
up €27,988 (+47.7%), from €58,634 to €86,622
- Other debts -€19,006
down €19,006 (-95.0%), from €20,000 to €994
- Tax, wage and social debts -€4,184
down €4,184 (-28.3%), from €14,761 to €10,576
- Trade debts -€1,050
down €1,050 (-80.7%), from €1,301 to €251
- Depreciation -€4,848
down €4,848 (-88.9%), from €5,451 to €603
- Gross operating margin +€1,737
up €1,737 (+4.7%), from €36,756 to €38,493
- Taxes +€872
up €872 (+11.7%), from €7,429 to €8,301
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 | €99,695 | €103,443 | +€3,747 | +3.8% |
| Fixed assets | 21/28 | €1,206 | €603 | -€603 | -50.0% |
| Tangible fixed assets | 22/27 | €1,206 | €603 | -€603 | -50.0% |
| Plant, machinery and equipment | 23 | €859 | €429 | -€429 | -50.0% |
| Furniture and vehicles | 24 | €347 | €174 | -€174 | -50.0% |
| Current assets | 29/58 | €98,489 | €102,840 | +€4,350 | +4.4% |
| Amounts receivable within one year | 40/41 | €27,068 | €19,140 | -€7,928 | -29.3% |
| Trade receivables | 40 | €17,798 | €19,140 | +€1,342 | +7.5% |
| Other amounts receivable | 41 | €9,271 | - | -€9,271 | |
| Cash at bank and in hand | 54/58 | €71,086 | €83,700 | +€12,613 | +17.7% |
| Deferred charges and accrued income | 490/1 | €335 | - | -€335 | |
| Total equity and liabilities | 10/49 | €99,695 | €103,443 | +€3,747 | +3.8% |
| Equity | 10/15 | €63,634 | €91,622 | +€27,988 | +44.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,634 | €86,622 | +€27,988 | +47.7% |
| Distributable reserves | 133 | €58,634 | €86,622 | +€27,988 | +47.7% |
| Amounts payable | 17/49 | €36,062 | €11,821 | -€24,241 | -67.2% |
| Amounts payable within one year | 42/48 | €36,062 | €11,821 | -€24,241 | -67.2% |
| Trade debts | 44 | €1,301 | €251 | -€1,050 | -80.7% |
| Suppliers | 440/4 | €1,301 | €251 | -€1,050 | -80.7% |
| Taxes, remuneration and social security | 45 | €14,761 | €10,576 | -€4,184 | -28.3% |
| Taxes | 450/3 | €14,761 | €10,576 | -€4,184 | -28.3% |
| Other amounts payable | 47/48 | €20,000 | €994 | -€19,006 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,451 | €603 | -€4,848 | -88.9% |
| Other operating charges | 640/8 | €999 | €1,082 | +€83 | +8.3% |
| Gross operating margin | 9900 | €36,756 | €38,493 | +€1,737 | +4.7% |
| Operating profit (loss) | 9901 | €30,306 | €36,808 | +€6,502 | +21.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €568 | €518 | -€50 | -8.8% |
| Recurring financial charges | 65 | €568 | €518 | -€50 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €29,738 | €36,289 | +€6,552 | +22.0% |
| Income taxes | 67/77 | €7,429 | €8,301 | +€872 | +11.7% |
| Profit (loss) for the period | 9904 | €22,309 | €27,988 | +€5,679 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,309 | €27,988 | +€5,679 | +25.5% |
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 16 October 2026 via checked.be.