BOGAERT CONSULTANCY: 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 CONSULTANCY
Largest movements
- Cash +€270,957
up €270,957 (+96.3%), from €281,274 to €552,231
mainly Net result for the year (+€320,504) and Depreciation (+€2,165)
- Reserves +€320,504
up €320,504 (+97.4%), from €329,199 to €649,704
- Financial income +€302,033
up €302,033 (+131,622%), from €229 to €302,262
- Taxes +€26,607
up €26,607 (+116%), from €23,001 to €49,608
- Gross operating margin -€17,594
down €17,594 (-19.5%), from €90,136 to €72,542
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 | €2,664,510 | €2,950,795 | +€286,285 | +10.7% |
| Formation expenses | 20 | €6,867 | €4,703 | -€2,165 | -31.5% |
| Fixed assets | 21/28 | €2,294,712 | €2,294,712 | = | 0.0% |
| Financial fixed assets | 28 | €2,294,712 | €2,294,712 | = | 0.0% |
| Current assets | 29/58 | €362,932 | €651,381 | +€288,450 | +79.5% |
| Amounts receivable within one year | 40/41 | €81,258 | €96,682 | +€15,424 | +19.0% |
| Trade receivables | 40 | €564 | €0 | -€564 | -100% |
| Other amounts receivable | 41 | €80,694 | €96,682 | +€15,988 | +19.8% |
| Cash at bank and in hand | 54/58 | €281,274 | €552,231 | +€270,957 | +96.3% |
| Deferred charges and accrued income | 490/1 | €399 | €2,468 | +€2,069 | +518% |
| Total equity and liabilities | 10/49 | €2,664,510 | €2,950,795 | +€286,285 | +10.7% |
| Equity | 10/15 | €2,568,911 | €2,889,415 | +€320,504 | +12.5% |
| Contributions | 10/11 | €2,239,712 | €2,239,712 | = | 0.0% |
| Reserves | 13 | €329,199 | €649,704 | +€320,504 | +97.4% |
| Distributable reserves | 133 | €329,199 | €649,704 | +€320,504 | +97.4% |
| Amounts payable | 17/49 | €95,600 | €61,380 | -€34,220 | -35.8% |
| Amounts payable within one year | 42/48 | €95,587 | €61,343 | -€34,244 | -35.8% |
| Trade debts | 44 | €37,843 | €27,880 | -€9,963 | -26.3% |
| Suppliers | 440/4 | €37,843 | €27,880 | -€9,963 | -26.3% |
| Taxes, remuneration and social security | 45 | €51,806 | €32,725 | -€19,081 | -36.8% |
| Taxes | 450/3 | €45,206 | €25,615 | -€19,591 | -43.3% |
| Remuneration and social security | 454/9 | €6,600 | €7,110 | +€510 | +7.7% |
| Other amounts payable | 47/48 | €5,938 | €737 | -€5,201 | -87.6% |
| Accrued charges and deferred income | 492/3 | €13 | €37 | +€24 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,291 | €2,165 | -€127 | -5.5% |
| Other operating charges | 640/8 | €1,947 | €2,340 | +€392 | +20.2% |
| Gross operating margin | 9900 | €90,136 | €72,542 | -€17,594 | -19.5% |
| Operating profit (loss) | 9901 | €85,897 | €68,038 | -€17,860 | -20.8% |
| Financial income | 75/76B | €229 | €302,262 | +€302,033 | +131,622% |
| Recurring financial income | 75 | €229 | €302,262 | +€302,033 | +131,622% |
| Financial charges | 65/66B | €119 | €187 | +€68 | +57.3% |
| Recurring financial charges | 65 | €119 | €187 | +€68 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €86,008 | €370,113 | +€284,105 | +330% |
| Income taxes | 67/77 | €23,001 | €49,608 | +€26,607 | +116% |
| Profit (loss) for the period | 9904 | €63,007 | €320,504 | +€257,498 | +409% |
| Profit (loss) for the period to be appropriated | 9905 | €63,007 | €320,504 | +€257,498 | +409% |
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 25 October 2026 via checked.be.