BOGAERT GEERT: 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 GEERT
Largest movements
- Cash +€130,714
up €130,714 (+19.1%), from €685,330 to €816,043
mainly Net result for the year (+€270,633) and Depreciation (+€110,493)
- Tangible fixed assets -€85,849
down €85,849 (-25.3%), from €338,929 to €253,080
of which Plant, machinery and equipment: -€53,408
- Stocks and contracts +€69,968
up €69,968 (+25.4%), from €275,556 to €345,524
- Receivables within one year +€20,359
up €20,359 (+36.9%), from €55,191 to €75,550
of which Trade receivables: +€16,055
- Reserves +€270,633
up €270,633 (+46.7%), from €579,562 to €850,195
- Other debts -€116,882
down €116,882 (-35.0%), from €334,294 to €217,412
- Trade debts +€59,669
up €59,669 (+33.5%), from €178,116 to €237,785
- Tax, wage and social debts -€43,309
down €43,309 (-48.8%), from €88,803 to €45,494
of which Taxes: -€42,910
- Debts after one year -€23,666
down €23,666 (-75.9%), from €31,166 to €7,500
- Gross operating margin -€22,758
down €22,758 (-2.9%), from €790,720 to €767,962
- Depreciation -€13,407
down €13,407 (-10.8%), from €123,900 to €110,493
- Taxes +€8,701
up €8,701 (+7.5%), from €115,763 to €124,463
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 | €1,358,104 | €1,502,458 | +€144,354 | +10.6% |
| Fixed assets | 21/28 | €339,064 | €253,215 | -€85,849 | -25.3% |
| Tangible fixed assets | 22/27 | €338,929 | €253,080 | -€85,849 | -25.3% |
| Land and buildings | 22 | €86,708 | €71,225 | -€15,483 | -17.9% |
| Plant, machinery and equipment | 23 | €209,551 | €156,143 | -€53,408 | -25.5% |
| Furniture and vehicles | 24 | €42,669 | €25,712 | -€16,957 | -39.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,019,041 | €1,249,243 | +€230,202 | +22.6% |
| Stocks and contracts in progress | 3 | €275,556 | €345,524 | +€69,968 | +25.4% |
| Stocks | 30/36 | €275,556 | €345,524 | +€69,968 | +25.4% |
| Amounts receivable within one year | 40/41 | €55,191 | €75,550 | +€20,359 | +36.9% |
| Trade receivables | 40 | €49,039 | €65,094 | +€16,055 | +32.7% |
| Other amounts receivable | 41 | €6,151 | €10,456 | +€4,304 | +70.0% |
| Cash at bank and in hand | 54/58 | €685,330 | €816,043 | +€130,714 | +19.1% |
| Deferred charges and accrued income | 490/1 | €2,964 | €12,125 | +€9,161 | +309% |
| Total equity and liabilities | 10/49 | €1,358,104 | €1,502,458 | +€144,354 | +10.6% |
| Equity | 10/15 | €599,967 | €870,600 | +€270,633 | +45.1% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €579,562 | €850,195 | +€270,633 | +46.7% |
| Distributable reserves | 133 | €579,562 | €850,195 | +€270,633 | +46.7% |
| Amounts payable | 17/49 | €758,138 | €631,858 | -€126,280 | -16.7% |
| Amounts payable after more than one year | 17 | €31,166 | €7,500 | -€23,666 | -75.9% |
| Financial debts | 170/4 | €31,166 | €7,500 | -€23,666 | -75.9% |
| Amounts payable within one year | 42/48 | €726,971 | €624,358 | -€102,613 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €125,759 | €123,666 | -€2,092 | -1.7% |
| Trade debts | 44 | €178,116 | €237,785 | +€59,669 | +33.5% |
| Suppliers | 440/4 | €178,116 | €237,785 | +€59,669 | +33.5% |
| Taxes, remuneration and social security | 45 | €88,803 | €45,494 | -€43,309 | -48.8% |
| Taxes | 450/3 | €66,660 | €23,750 | -€42,910 | -64.4% |
| Remuneration and social security | 454/9 | €22,143 | €21,744 | -€398 | -1.8% |
| Other amounts payable | 47/48 | €334,294 | €217,412 | -€116,882 | -35.0% |
| Remuneration, social security and pensions | 62 | €249,876 | €255,257 | +€5,381 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,900 | €110,493 | -€13,407 | -10.8% |
| Other operating charges | 640/8 | €5,163 | €5,193 | +€30 | +0.6% |
| Gross operating margin | 9900 | €790,720 | €767,962 | -€22,758 | -2.9% |
| Operating profit (loss) | 9901 | €411,780 | €397,019 | -€14,761 | -3.6% |
| Financial income | 75/76B | €5,436 | €8,144 | +€2,708 | +49.8% |
| Recurring financial income | 75 | €5,436 | €8,144 | +€2,708 | +49.8% |
| Financial charges | 65/66B | €6,700 | €10,067 | +€3,367 | +50.3% |
| Recurring financial charges | 65 | €6,700 | €10,067 | +€3,367 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €410,517 | €395,097 | -€15,420 | -3.8% |
| Income taxes | 67/77 | €115,763 | €124,463 | +€8,701 | +7.5% |
| Profit (loss) for the period | 9904 | €294,754 | €270,633 | -€24,121 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €294,754 | €270,633 | -€24,121 | -8.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.