Bogaert Software: what changed
Two fiscal 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 Software
Largest movements
- Cash +€40,319
up €40,319 (+93.1%), from €43,326 to €83,645
mainly Net result for the year (+€30,663) and Receivables within one year (+€16,173)
- Receivables within one year -€16,173
down €16,173 (-36.8%), from €43,917 to €27,745
of which Trade receivables: -€18,887
- Reserves +€30,663
up €30,663 (+46.9%), from €65,372 to €96,035
- Tax, wage and social debts -€7,114
down €7,114 (-30.2%), from €23,560 to €16,447
of which Taxes: -€7,114
- Gross operating margin -€7,440
down €7,440 (-14.6%), from €50,899 to €43,459
- Taxes -€1,512
down €1,512 (-14.9%), from €10,134 to €8,622
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 | €93,839 | €117,253 | +€23,414 | +25.0% |
| Fixed assets | 21/28 | €4,473 | €3,653 | -€820 | -18.3% |
| Tangible fixed assets | 22/27 | €4,473 | €3,653 | -€820 | -18.3% |
| Plant, machinery and equipment | 23 | €4,473 | €3,375 | -€1,098 | -24.5% |
| Furniture and vehicles | 24 | - | €278 | +€278 | |
| Current assets | 29/58 | €89,366 | €113,600 | +€24,234 | +27.1% |
| Amounts receivable within one year | 40/41 | €43,917 | €27,745 | -€16,173 | -36.8% |
| Trade receivables | 40 | €39,930 | €21,043 | -€18,887 | -47.3% |
| Other amounts receivable | 41 | €3,987 | €6,702 | +€2,714 | +68.1% |
| Cash at bank and in hand | 54/58 | €43,326 | €83,645 | +€40,319 | +93.1% |
| Deferred charges and accrued income | 490/1 | €2,123 | €2,211 | +€88 | +4.2% |
| Total equity and liabilities | 10/49 | €93,839 | €117,253 | +€23,414 | +25.0% |
| Equity | 10/15 | €68,372 | €99,035 | +€30,663 | +44.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €65,372 | €96,035 | +€30,663 | +46.9% |
| Distributable reserves | 133 | €65,372 | €96,035 | +€30,663 | +46.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €25,467 | €18,218 | -€7,249 | -28.5% |
| Amounts payable within one year | 42/48 | €25,467 | €18,218 | -€7,249 | -28.5% |
| Trade debts | 44 | €1,907 | €1,771 | -€135 | -7.1% |
| Suppliers | 440/4 | €1,907 | €1,771 | -€135 | -7.1% |
| Taxes, remuneration and social security | 45 | €23,560 | €16,447 | -€7,114 | -30.2% |
| Taxes | 450/3 | €21,375 | €14,262 | -€7,114 | -33.3% |
| Remuneration and social security | 454/9 | €2,185 | €2,185 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,174 | €2,465 | +€291 | +13.4% |
| Other operating charges | 640/8 | €527 | €688 | +€160 | +30.4% |
| Gross operating margin | 9900 | €50,899 | €43,459 | -€7,440 | -14.6% |
| Operating profit (loss) | 9901 | €48,198 | €40,306 | -€7,892 | -16.4% |
| Financial income | 75/76B | €118 | €290 | +€172 | +145.5% |
| Recurring financial income | 75 | €118 | €290 | +€172 | +145.5% |
| Financial charges | 65/66B | €1,180 | €1,311 | +€131 | +11.1% |
| Recurring financial charges | 65 | €1,180 | €1,311 | +€131 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €47,136 | €39,285 | -€7,851 | -16.7% |
| Income taxes | 67/77 | €10,134 | €8,622 | -€1,512 | -14.9% |
| Profit (loss) for the period | 9904 | €37,002 | €30,663 | -€6,339 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,002 | €30,663 | -€6,339 | -17.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.