BOGAERT & C°: 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.
BOGAERT & C°
Largest movements
- Receivables within one year -€60,315
down €60,315 (-84.1%), from €71,711 to €11,396
of which Trade receivables: -€60,098
- Cash +€18,785
up €18,785 (+13.9%), from €135,480 to €154,266
mainly Receivables within one year (+€60,315) and Net result for the year (+€15,917)
- Tangible fixed assets -€12,132
down €12,132 (-24.4%), from €49,770 to €37,638
of which Furniture and vehicles: -€10,579
- Other debts -€56,010
down €56,010 (-83.4%), from €67,189 to €11,178
- Reserves +€15,917
up €15,917 (+16.9%), from €94,200 to €110,117
of which Distributable reserves: +€17,917
- Trade debts -€11,945
down €11,945 (-49.3%), from €24,227 to €12,281
- Gross operating margin -€5,758
down €5,758 (-12.4%), from €46,548 to €40,790
- Taxes -€901
down €901 (-10.5%), from €8,623 to €7,721
- Financial charges +€811
up €811 (+139.9%), from €580 to €1,391
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 | €258,532 | €206,114 | -€52,419 | -20.3% |
| Fixed assets | 21/28 | €49,820 | €37,688 | -€12,132 | -24.4% |
| Tangible fixed assets | 22/27 | €49,770 | €37,638 | -€12,132 | -24.4% |
| Plant, machinery and equipment | 23 | €7,110 | €6,673 | -€437 | -6.1% |
| Furniture and vehicles | 24 | €41,117 | €30,538 | -€10,579 | -25.7% |
| Leasing and similar rights | 25 | €204 | €204 | = | 0.0% |
| Other tangible fixed assets | 26 | €1,339 | €223 | -€1,116 | -83.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €208,713 | €168,426 | -€40,287 | -19.3% |
| Amounts receivable within one year | 40/41 | €71,711 | €11,396 | -€60,315 | -84.1% |
| Trade receivables | 40 | €67,098 | €7,000 | -€60,098 | -89.6% |
| Other amounts receivable | 41 | €4,613 | €4,396 | -€216 | -4.7% |
| Cash at bank and in hand | 54/58 | €135,480 | €154,266 | +€18,785 | +13.9% |
| Deferred charges and accrued income | 490/1 | €1,521 | €2,764 | +€1,243 | +81.7% |
| Total equity and liabilities | 10/49 | €258,532 | €206,114 | -€52,419 | -20.3% |
| Equity | 10/15 | €114,200 | €130,117 | +€15,917 | +13.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €94,200 | €110,117 | +€15,917 | +16.9% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Distributable reserves | 133 | €92,200 | €110,117 | +€17,917 | +19.4% |
| Amounts payable | 17/49 | €144,332 | €75,997 | -€68,336 | -47.3% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,332 | €25,997 | -€68,336 | -72.4% |
| Trade debts | 44 | €24,227 | €12,281 | -€11,945 | -49.3% |
| Suppliers | 440/4 | €24,227 | €12,281 | -€11,945 | -49.3% |
| Taxes, remuneration and social security | 45 | €2,917 | €2,537 | -€380 | -13.0% |
| Taxes | 450/3 | €458 | €2,537 | +€2,079 | +454.1% |
| Remuneration and social security | 454/9 | €2,459 | €0 | -€2,459 | -100.0% |
| Other amounts payable | 47/48 | €67,189 | €11,178 | -€56,010 | -83.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,857 | €14,831 | -€26 | -0.2% |
| Other operating charges | 640/8 | €1,809 | €1,869 | +€59 | +3.3% |
| Gross operating margin | 9900 | €46,548 | €40,790 | -€5,758 | -12.4% |
| Operating profit (loss) | 9901 | €29,882 | €24,090 | -€5,792 | -19.4% |
| Financial income | 75/76B | €1,034 | €939 | -€94 | -9.1% |
| Recurring financial income | 75 | €1,034 | €939 | -€94 | -9.1% |
| Financial charges | 65/66B | €580 | €1,391 | +€811 | +139.9% |
| Recurring financial charges | 65 | €580 | €1,391 | +€811 | +139.9% |
| Profit (loss) for the period before taxes | 9903 | €30,335 | €23,638 | -€6,697 | -22.1% |
| Income taxes | 67/77 | €8,623 | €7,721 | -€901 | -10.5% |
| Profit (loss) for the period | 9904 | €21,713 | €15,917 | -€5,796 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,713 | €15,917 | -€5,796 | -26.7% |
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 10 October 2026 via checked.be.