BOGAERTS & Co: 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.
BOGAERTS & Co
Largest movements
- Tangible fixed assets -€18,645
down €18,645 (-7.3%), from €256,517 to €237,872
of which Land and buildings: -€18,645
- Cash -€4,593
down €4,593 (-23.4%), from €19,643 to €15,050
mainly Net result for the year (-€19,159) and Provisions (-€3,411)
- Profit (loss) carried forward -€12,254
down €12,254 (-43.9%), from -€27,905 to -€40,159
- Reserves -€6,904
down €6,904 (-3.3%), from €207,186 to €200,282
of which Tax-exempt reserves: -€6,904
- Provisions -€3,411
down €3,411 (-33.3%), from €10,254 to €6,842
- Gross operating margin -€2,287
down €2,287, from €1,594 to -€693
- Other operating charges +€196
up €196 (+6.9%), from €2,826 to €3,021
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 | €276,910 | €253,672 | -€23,238 | -8.4% |
| Fixed assets | 21/28 | €257,267 | €238,622 | -€18,645 | -7.2% |
| Tangible fixed assets | 22/27 | €256,517 | €237,872 | -€18,645 | -7.3% |
| Land and buildings | 22 | €253,237 | €234,592 | -€18,645 | -7.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €3,280 | €3,280 | = | 0.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €19,643 | €15,050 | -€4,593 | -23.4% |
| Cash at bank and in hand | 54/58 | €19,643 | €15,050 | -€4,593 | -23.4% |
| Total equity and liabilities | 10/49 | €276,910 | €253,672 | -€23,238 | -8.4% |
| Equity | 10/15 | €241,255 | €222,096 | -€19,159 | -7.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €207,186 | €200,282 | -€6,904 | -3.3% |
| Tax-exempt reserves | 132 | €38,384 | €31,479 | -€6,904 | -18.0% |
| Distributable reserves | 133 | €168,803 | €168,803 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,905 | -€40,159 | -€12,254 | -43.9% |
| Provisions and deferred taxes | 16 | €10,254 | €6,842 | -€3,411 | -33.3% |
| Deferred taxes | 168 | €10,254 | €6,842 | -€3,411 | -33.3% |
| Amounts payable | 17/49 | €25,401 | €24,733 | -€668 | -2.6% |
| Amounts payable within one year | 42/48 | €25,401 | €24,733 | -€668 | -2.6% |
| Trade debts | 44 | €1,217 | €1,862 | +€645 | +53.0% |
| Suppliers | 440/4 | €1,217 | €1,862 | +€645 | +53.0% |
| Other amounts payable | 47/48 | €24,184 | €22,871 | -€1,313 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,645 | €18,645 | = | 0.0% |
| Other operating charges | 640/8 | €2,826 | €3,021 | +€196 | +6.9% |
| Gross operating margin | 9900 | €1,594 | -€693 | -€2,287 | |
| Operating profit (loss) | 9901 | -€19,877 | -€22,359 | -€2,483 | -12.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €213 | €213 | -€0 | -0.2% |
| Recurring financial charges | 65 | €213 | €213 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,090 | -€22,570 | -€2,480 | -12.3% |
| Transfer from deferred taxes | 780 | €3,411 | €3,411 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€16,678 | -€19,159 | -€2,480 | -14.9% |
| Transfer from tax-exempt reserves | 789 | €6,904 | €6,904 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,774 | -€12,254 | -€2,480 | -25.4% |
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 20 October 2026 via checked.be.