Bogaert Consult: 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 Consult
Largest movements
- Receivables within one year +€313,512
up €313,512 (+25.7%), from €1.2m to €1.5m
- Current investments -€140,748
down €140,748 (-87.7%), from €160,464 to €19,716
- Cash -€123,956
down €123,956 (-32.1%), from €386,202 to €262,247
mainly Contributions, distributions and other (-€738,711) and Receivables within one year (-€313,512)
- Tangible fixed assets -€28,681
down €28,681 (-28.6%), from €100,196 to €71,516
of which Furniture and vehicles: -€28,382
- Reserves -€209,884
down €209,884 (-15.0%), from €1.4m to €1.2m
of which Tax-exempt reserves: -€131,410
- Other debts +€177,185
up €177,185 (+46.1%), from €384,016 to €561,201
- Tax, wage and social debts +€55,499
up €55,499 (+69.2%), from €80,229 to €135,728
- Gross operating margin +€173,604
up €173,604 (+36.7%), from €472,413 to €646,017
- Taxes +€49,496
up €49,496 (+38.4%), from €128,787 to €178,284
- Financial income +€22,448
up €22,448 (+28.6%), from €78,495 to €100,943
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 | €1,890,104 | €1,916,717 | +€26,613 | +1.4% |
| Fixed assets | 21/28 | €100,196 | €71,516 | -€28,681 | -28.6% |
| Tangible fixed assets | 22/27 | €100,196 | €71,516 | -€28,681 | -28.6% |
| Plant, machinery and equipment | 23 | €230 | €123 | -€107 | -46.6% |
| Furniture and vehicles | 24 | €99,759 | €71,377 | -€28,382 | -28.5% |
| Other tangible fixed assets | 26 | €207 | €16 | -€191 | -92.2% |
| Current assets | 29/58 | €1,789,908 | €1,845,202 | +€55,293 | +3.1% |
| Amounts receivable within one year | 40/41 | €1,218,869 | €1,532,381 | +€313,512 | +25.7% |
| Other amounts receivable | 41 | €1,218,869 | €1,532,381 | +€313,512 | +25.7% |
| Current investments | 50/53 | €160,464 | €19,716 | -€140,748 | -87.7% |
| Cash at bank and in hand | 54/58 | €386,202 | €262,247 | -€123,956 | -32.1% |
| Deferred charges and accrued income | 490/1 | €24,372 | €30,858 | +€6,485 | +26.6% |
| Total equity and liabilities | 10/49 | €1,890,104 | €1,916,717 | +€26,613 | +1.4% |
| Equity | 10/15 | €1,416,078 | €1,206,194 | -€209,884 | -14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,397,478 | €1,187,594 | -€209,884 | -15.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €521,049 | €389,640 | -€131,410 | -25.2% |
| Distributable reserves | 133 | €874,569 | €797,954 | -€76,614 | -8.8% |
| Amounts payable | 17/49 | €474,026 | €710,523 | +€236,497 | +49.9% |
| Amounts payable within one year | 42/48 | €474,026 | €710,523 | +€236,497 | +49.9% |
| Trade debts | 44 | €9,782 | €13,594 | +€3,812 | +39.0% |
| Suppliers | 440/4 | €9,782 | €13,594 | +€3,812 | +39.0% |
| Taxes, remuneration and social security | 45 | €80,229 | €135,728 | +€55,499 | +69.2% |
| Taxes | 450/3 | €80,229 | €135,728 | +€55,499 | +69.2% |
| Other amounts payable | 47/48 | €384,016 | €561,201 | +€177,185 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,462 | €28,681 | +€218 | +0.8% |
| Other operating charges | 640/8 | €4,956 | €3,511 | -€1,445 | -29.1% |
| Gross operating margin | 9900 | €472,413 | €646,017 | +€173,604 | +36.7% |
| Operating profit (loss) | 9901 | €438,995 | €613,825 | +€174,830 | +39.8% |
| Financial income | 75/76B | €78,495 | €100,943 | +€22,448 | +28.6% |
| Recurring financial income | 75 | €78,495 | €100,943 | +€22,448 | +28.6% |
| Financial charges | 65/66B | €3,184 | €7,658 | +€4,474 | +141% |
| Recurring financial charges | 65 | €3,184 | €7,658 | +€4,474 | +141% |
| Profit (loss) for the period before taxes | 9903 | €514,306 | €707,110 | +€192,804 | +37.5% |
| Income taxes | 67/77 | €128,787 | €178,284 | +€49,496 | +38.4% |
| Profit (loss) for the period | 9904 | €385,519 | €528,827 | +€143,308 | +37.2% |
| Transfer from tax-exempt reserves | 789 | €64,141 | €131,410 | +€67,269 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €449,659 | €660,236 | +€210,577 | +46.8% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.