BOGA PARTNERS: 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.
BOGA PARTNERS
Largest movements
- Cash -€13,927
down €13,927 (-98.3%), from €14,166 to €239
mainly Receivables within one year (-€7,544) and Net result for the year (-€3,588)
- Receivables within one year +€7,544
new in 2025: €7,544
of which Trade receivables: +€7,129
- Profit (loss) carried forward -€3,588
down €3,588 (-49.6%), from -€7,228 to -€10,817
- Other debts -€3,318
down €3,318 (-30.4%), from €10,905 to €7,587
- Trade debts +€523
new in 2025: €523
- Gross operating margin -€7,473
down €7,473, from €5,072 to -€2,401
- Other operating charges +€201
up €201 (+23.3%), from €863 to €1,064
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 | €14,166 | €7,782 | -€6,383 | -45.1% |
| Current assets | 29/58 | €14,166 | €7,782 | -€6,383 | -45.1% |
| Amounts receivable within one year | 40/41 | - | €7,544 | +€7,544 | |
| Trade receivables | 40 | - | €7,129 | +€7,129 | |
| Other amounts receivable | 41 | - | €414 | +€414 | |
| Cash at bank and in hand | 54/58 | €14,166 | €239 | -€13,927 | -98.3% |
| Total equity and liabilities | 10/49 | €14,166 | €7,782 | -€6,383 | -45.1% |
| Equity | 10/15 | €3,261 | -€328 | -€3,588 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,289 | €4,289 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €1,289 | €1,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,228 | -€10,817 | -€3,588 | -49.6% |
| Amounts payable | 17/49 | €10,905 | €8,110 | -€2,795 | -25.6% |
| Amounts payable within one year | 42/48 | €10,905 | €8,110 | -€2,795 | -25.6% |
| Trade debts | 44 | - | €523 | +€523 | |
| Suppliers | 440/4 | - | €523 | +€523 | |
| Other amounts payable | 47/48 | €10,905 | €7,587 | -€3,318 | -30.4% |
| Other operating charges | 640/8 | €863 | €1,064 | +€201 | +23.3% |
| Gross operating margin | 9900 | €5,072 | -€2,401 | -€7,473 | |
| Operating profit (loss) | 9901 | €4,208 | -€3,466 | -€7,674 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €127 | €125 | -€2 | -1.9% |
| Recurring financial charges | 65 | €127 | €125 | -€2 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €4,081 | -€3,588 | -€7,669 | |
| Profit (loss) for the period | 9904 | €4,081 | -€3,588 | -€7,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,081 | -€3,588 | -€7,669 |
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.