Bogaert & Cie: 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 & Cie
Largest movements
- Receivables within one year -€11,215
down €11,215 (-34.9%), from €32,164 to €20,949
of which Trade receivables: -€10,148
- Tangible fixed assets -€8,325
down €8,325 (-7.8%), from €106,558 to €98,233
of which Furniture and vehicles: -€6,168
- Cash +€8,061
up €8,061 (+80.9%), from €9,970 to €18,031
mainly Receivables within one year (+€11,215) and Depreciation (+€8,325)
- Reserves -€5,733
down €5,733 (-4.8%), from €118,398 to €112,665
- Tax, wage and social debts -€4,526
down €4,526 (-93.5%), from €4,843 to €317
of which Remuneration and social security: -€2,950
- Gross operating margin +€19,902
up €19,902, from -€6,753 to €13,149
- Write-downs +€10,566
new in 2025: €10,566
- Depreciation -€1,982
down €1,982 (-19.2%), from €10,308 to €8,325
- Financial income +€848
up €848 (+69.4%), from €1,221 to €2,070
- Financial charges +€355
up €355 (+422%), from €84 to €439
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 | €152,126 | €140,646 | -€11,480 | -7.5% |
| Fixed assets | 21/28 | €106,558 | €98,233 | -€8,325 | -7.8% |
| Tangible fixed assets | 22/27 | €106,558 | €98,233 | -€8,325 | -7.8% |
| Land and buildings | 22 | €97,119 | €95,406 | -€1,713 | -1.8% |
| Plant, machinery and equipment | 23 | €444 | €0 | -€444 | -100% |
| Furniture and vehicles | 24 | €8,995 | €2,827 | -€6,168 | -68.6% |
| Current assets | 29/58 | €45,568 | €42,414 | -€3,154 | -6.9% |
| Stocks and contracts in progress | 3 | €3,434 | €3,434 | = | 0.0% |
| Stocks | 30/36 | €3,434 | €3,434 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,164 | €20,949 | -€11,215 | -34.9% |
| Trade receivables | 40 | €31,065 | €20,916 | -€10,148 | -32.7% |
| Other amounts receivable | 41 | €1,100 | €33 | -€1,067 | -97.0% |
| Cash at bank and in hand | 54/58 | €9,970 | €18,031 | +€8,061 | +80.9% |
| Total equity and liabilities | 10/49 | €152,126 | €140,646 | -€11,480 | -7.5% |
| Equity | 10/15 | €136,998 | €131,265 | -€5,733 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,398 | €112,665 | -€5,733 | -4.8% |
| Distributable reserves | 133 | €118,398 | €112,665 | -€5,733 | -4.8% |
| Amounts payable | 17/49 | €15,128 | €9,381 | -€5,746 | -38.0% |
| Amounts payable within one year | 42/48 | €15,128 | €9,381 | -€5,746 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,135 | €5,013 | -€1,122 | -18.3% |
| Suppliers | 440/4 | €6,135 | €5,013 | -€1,122 | -18.3% |
| Taxes, remuneration and social security | 45 | €4,843 | €317 | -€4,526 | -93.5% |
| Taxes | 450/3 | €1,893 | €317 | -€1,576 | -83.3% |
| Remuneration and social security | 454/9 | €2,950 | €0 | -€2,950 | -100% |
| Other amounts payable | 47/48 | €4,150 | €4,052 | -€98 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,308 | €8,325 | -€1,982 | -19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,566 | +€10,566 | |
| Other operating charges | 640/8 | €1,574 | €1,481 | -€93 | -5.9% |
| Gross operating margin | 9900 | -€6,753 | €13,149 | +€19,902 | |
| Operating profit (loss) | 9901 | -€18,634 | -€7,223 | +€11,411 | +61.2% |
| Financial income | 75/76B | €1,221 | €2,070 | +€848 | +69.4% |
| Recurring financial income | 75 | €1,221 | €2,070 | +€848 | +69.4% |
| Financial charges | 65/66B | €84 | €439 | +€355 | +422% |
| Recurring financial charges | 65 | €84 | €439 | +€355 | +422% |
| Profit (loss) for the period before taxes | 9903 | -€17,497 | -€5,592 | +€11,905 | +68.0% |
| Income taxes | 67/77 | €139 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€17,636 | -€5,733 | +€11,903 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,636 | -€5,733 | +€11,903 | +67.5% |
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 1 November 2026 via checked.be.