BOGACTWA: 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.
BOGACTWA
Largest movements
- Receivables within one year +€43,717
up €43,717 (+59.1%), from €73,916 to €117,633
of which Other amounts receivable: +€22,158
- Deferred charges and accrued income +€8,467
up €8,467 (+20088.3%), from €42 to €8,509
- Cash -€2,381
down €2,381 (-37.6%), from €6,337 to €3,956
mainly Receivables within one year (-€43,717) and Deferred charges and accrued income (-€8,467)
- Profit (loss) carried forward +€40,086
up €40,086 (+64737.8%), from €62 to €40,148
- Tax, wage and social debts +€12,895
up €12,895 (+78.7%), from €16,376 to €29,272
of which Remuneration and social security: +€14,349
- Other debts -€2,502
no longer reported in 2025 (was €2,502)
- Staff costs -€20,935
down €20,935 (-99.9%), from €20,950 to €14
- Gross operating margin -€12,901
down €12,901 (-24.1%), from €53,523 to €40,623
- Other operating charges -€8,672
down €8,672 (-99.8%), from €8,686 to €14
- Taxes -€6,968
no longer reported in 2025 (was €6,968)
- Depreciation -€1,417
no longer reported in 2025 (was €1,417)
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 | €83,797 | €133,600 | +€49,803 | +59.4% |
| Fixed assets | 21/28 | €3,501 | €3,501 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,388 | €2,388 | = | 0.0% |
| Furniture and vehicles | 24 | €2,388 | €2,388 | = | 0.0% |
| Financial fixed assets | 28 | €1,114 | €1,114 | = | 0.0% |
| Current assets | 29/58 | €80,295 | €130,098 | +€49,803 | +62.0% |
| Amounts receivable within one year | 40/41 | €73,916 | €117,633 | +€43,717 | +59.1% |
| Trade receivables | 40 | - | €21,559 | +€21,559 | |
| Other amounts receivable | 41 | €73,916 | €96,074 | +€22,158 | +30.0% |
| Cash at bank and in hand | 54/58 | €6,337 | €3,956 | -€2,381 | -37.6% |
| Deferred charges and accrued income | 490/1 | €42 | €8,509 | +€8,467 | +20088.3% |
| Total equity and liabilities | 10/49 | €83,797 | €133,600 | +€49,803 | +59.4% |
| Equity | 10/15 | €58,962 | €99,048 | +€40,086 | +68.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €57,400 | €57,400 | = | 0.0% |
| Distributable reserves | 133 | €57,400 | €57,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62 | €40,148 | +€40,086 | +64737.8% |
| Amounts payable | 17/49 | €24,835 | €34,552 | +€9,718 | +39.1% |
| Amounts payable within one year | 42/48 | €24,835 | €34,552 | +€9,718 | +39.1% |
| Trade debts | 44 | €5,956 | €5,281 | -€675 | -11.3% |
| Suppliers | 440/4 | €5,956 | €5,281 | -€675 | -11.3% |
| Taxes, remuneration and social security | 45 | €16,376 | €29,272 | +€12,895 | +78.7% |
| Taxes | 450/3 | €8,272 | €6,819 | -€1,453 | -17.6% |
| Remuneration and social security | 454/9 | €8,104 | €22,453 | +€14,349 | +177.1% |
| Other amounts payable | 47/48 | €2,502 | - | -€2,502 | |
| Remuneration, social security and pensions | 62 | €20,950 | €14 | -€20,935 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | - | -€1,417 | |
| Other operating charges | 640/8 | €8,686 | €14 | -€8,672 | -99.8% |
| Gross operating margin | 9900 | €53,523 | €40,623 | -€12,901 | -24.1% |
| Operating profit (loss) | 9901 | €22,471 | €40,595 | +€18,124 | +80.7% |
| Financial charges | 65/66B | €812 | €509 | -€303 | -37.4% |
| Recurring financial charges | 65 | €812 | €509 | -€303 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €21,658 | €40,086 | +€18,427 | +85.1% |
| Income taxes | 67/77 | €6,968 | - | -€6,968 | |
| Profit (loss) for the period | 9904 | €14,690 | €40,086 | +€25,396 | +172.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,690 | €40,086 | +€25,396 | +172.9% |
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 11 October 2026 via checked.be.