BOGAERTS CONSULTING: 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 CONSULTING
Largest movements
- Cash -€108,419
down €108,419 (-31.4%), from €345,647 to €237,229
mainly Net result for the year (-€58,811) and Contributions, distributions and other (-€42,852)
- Tangible fixed assets -€21,553
down €21,553 (-6.0%), from €361,218 to €339,665
of which Other tangible fixed assets: -€55,253
- Reserves -€101,663
down €101,663 (-20.5%), from €495,246 to €393,582
- Debts after one year -€15,256
down €15,256 (-17.2%), from €88,480 to €73,223
- Tax, wage and social debts -€7,430
down €7,430 (-14.1%), from €52,690 to €45,260
- Gross operating margin -€236,164
down €236,164, from €204,429 to -€31,736
- Taxes -€56,600
down €56,600 (-98.9%), from €57,232 to €632
- Depreciation -€8,956
down €8,956 (-29.4%), from €30,509 to €21,553
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 | €716,865 | €588,284 | -€128,581 | -17.9% |
| Fixed assets | 21/28 | €361,218 | €339,665 | -€21,553 | -6.0% |
| Tangible fixed assets | 22/27 | €361,218 | €339,665 | -€21,553 | -6.0% |
| Land and buildings | 22 | €294,669 | €336,204 | +€41,535 | +14.1% |
| Plant, machinery and equipment | 23 | €1,520 | €0 | -€1,520 | -100% |
| Furniture and vehicles | 24 | €6,975 | €659 | -€6,316 | -90.6% |
| Other tangible fixed assets | 26 | €58,054 | €2,802 | -€55,253 | -95.2% |
| Current assets | 29/58 | €355,648 | €248,620 | -€107,028 | -30.1% |
| Amounts receivable within one year | 40/41 | €0 | €1,391 | +€1,391 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €1,391 | +€1,391 | |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €345,647 | €237,229 | -€108,419 | -31.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €716,865 | €588,284 | -€128,581 | -17.9% |
| Equity | 10/15 | €507,646 | €405,982 | -€101,663 | -20.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €495,246 | €393,582 | -€101,663 | -20.5% |
| Distributable reserves | 133 | €495,246 | €393,582 | -€101,663 | -20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €209,220 | €182,302 | -€26,918 | -12.9% |
| Amounts payable after more than one year | 17 | €88,480 | €73,223 | -€15,256 | -17.2% |
| Financial debts | 170/4 | €88,480 | €73,223 | -€15,256 | -17.2% |
| Amounts payable within one year | 42/48 | €120,740 | €109,079 | -€11,661 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €21,144 | €16,514 | -€4,630 | -21.9% |
| Trade debts | 44 | €450 | €1,353 | +€903 | +201% |
| Suppliers | 440/4 | €450 | €1,353 | +€903 | +201% |
| Taxes, remuneration and social security | 45 | €52,690 | €45,260 | -€7,430 | -14.1% |
| Taxes | 450/3 | €52,690 | €45,260 | -€7,430 | -14.1% |
| Other amounts payable | 47/48 | €46,457 | €45,952 | -€505 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,509 | €21,553 | -€8,956 | -29.4% |
| Other operating charges | 640/8 | €3,323 | €3,186 | -€137 | -4.1% |
| Gross operating margin | 9900 | €204,429 | -€31,736 | -€236,164 | |
| Operating profit (loss) | 9901 | €170,597 | -€56,475 | -€227,071 | |
| Financial income | 75/76B | €1,601 | €2,803 | +€1,202 | +75.1% |
| Recurring financial income | 75 | €1,601 | €2,803 | +€1,202 | +75.1% |
| Financial charges | 65/66B | €4,250 | €4,507 | +€257 | +6.1% |
| Recurring financial charges | 65 | €4,250 | €4,507 | +€257 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €167,948 | -€58,179 | -€226,127 | |
| Income taxes | 67/77 | €57,232 | €632 | -€56,600 | -98.9% |
| Profit (loss) for the period | 9904 | €110,716 | -€58,811 | -€169,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,716 | -€58,811 | -€169,527 |
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 27 October 2026 via checked.be.