Bogaerts Engineering: 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.
What changed
Bogaerts Engineering
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€762
2024 · €38,289-€39,051
Equity
€197,015
2024 · €197,777-€762
Cash
€11,941
2024 · €109,288-€97,347
Balance sheet total
€1.5m
2024 · €1.6m-€133,228
Largest movements
Assets
- Cash -€97,347
down €97,347 (-89.1%), from €109,288 to €11,941
mainly Trade debts (-€119,200) and Investment in fixed assets (net) (-€62,772)
- Receivables within one year -€51,060
down €51,060 (-3.8%), from €1.3m to €1.3m
of which Other amounts receivable: -€149,849
- Current investments +€18,720
up €18,720 (+38.8%), from €48,218 to €66,938
Equity and liabilities
- Trade debts -€119,200
down €119,200 (-26.0%), from €458,453 to €339,253
Income statement
- Gross operating margin -€132,097
down €132,097 (-3.8%), from €3.5m to €3.3m
- Staff costs -€49,257
down €49,257 (-1.6%), from €3.1m to €3.1m
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.
Result 2024
€38,289
Gross operating margin
-€132,097
Staff costs
+€49,257
Depreciation
-€1,392
Other operating charges
+€19,824
Financial income
+€264
Financial charges
+€6,678
Taxes
+€18,415
Result 2025
-€762
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.
From operations
-€11,028
Investment
-€81,492
Financing
-€4,827
Cash 2024
€109,288
From operations (derived)
-€11,028
Net result for the year
-€762
Depreciation
+€66,313
Receivables within one year
+€51,060
Trade debts
-€119,200
Tax, wage and social debts
-€11,286
Other debts
+€2,847
Investment (derived)
-€81,492
Investment in fixed assets (net)
-€62,772
Current investments
-€18,720
Financing
-€4,827
Debts after one year
-€5,642
Current portion of long-term debt
+€815
Cash 2025
€11,941
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,637,691 | €1,504,463 | -€133,228 | -8.1% |
| Fixed assets | 21/28 | €140,503 | €136,962 | -€3,541 | -2.5% |
| Intangible fixed assets | 21 | €77,092 | €64,288 | -€12,804 | -16.6% |
| Tangible fixed assets | 22/27 | €63,411 | €64,282 | +€871 | +1.4% |
| Plant, machinery and equipment | 23 | €28,856 | €29,291 | +€435 | +1.5% |
| Furniture and vehicles | 24 | €27,506 | €30,382 | +€2,876 | +10.5% |
| Other tangible fixed assets | 26 | €7,049 | €4,609 | -€2,440 | -34.6% |
| Financial fixed assets | 28 | - | €8,393 | +€8,393 | |
| Current assets | 29/58 | €1,497,188 | €1,367,501 | -€129,687 | -8.7% |
| Stocks and contracts in progress | 3 | €750 | €750 | = | 0.0% |
| Stocks | 30/36 | €750 | €750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,338,933 | €1,287,872 | -€51,060 | -3.8% |
| Trade receivables | 40 | €1,174,366 | €1,273,154 | +€98,788 | +8.4% |
| Other amounts receivable | 41 | €164,567 | €14,718 | -€149,849 | -91.1% |
| Current investments | 50/53 | €48,218 | €66,938 | +€18,720 | +38.8% |
| Cash at bank and in hand | 54/58 | €109,288 | €11,941 | -€97,347 | -89.1% |
| Total equity and liabilities | 10/49 | €1,637,691 | €1,504,463 | -€133,228 | -8.1% |
| Equity | 10/15 | €197,777 | €197,015 | -€762 | -0.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €191,277 | €191,277 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,254 | €12,254 | = | 0.0% |
| Distributable reserves | 133 | €177,123 | €177,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€762 | -€762 | |
| Amounts payable | 17/49 | €1,439,915 | €1,307,449 | -€132,466 | -9.2% |
| Amounts payable after more than one year | 17 | €5,642 | - | -€5,642 | |
| Financial debts | 170/4 | €5,642 | - | -€5,642 | |
| Amounts payable within one year | 42/48 | €1,434,272 | €1,307,449 | -€126,824 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €458,742 | €459,557 | +€815 | +0.2% |
| Trade debts | 44 | €458,453 | €339,253 | -€119,200 | -26.0% |
| Suppliers | 440/4 | €458,453 | €339,253 | -€119,200 | -26.0% |
| Taxes, remuneration and social security | 45 | €517,078 | €505,792 | -€11,286 | -2.2% |
| Taxes | 450/3 | €201,026 | €200,001 | -€1,025 | -0.5% |
| Remuneration and social security | 454/9 | €316,051 | €305,791 | -€10,261 | -3.2% |
| Other amounts payable | 47/48 | - | €2,847 | +€2,847 | |
| Remuneration, social security and pensions | 62 | €3,106,410 | €3,057,153 | -€49,257 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,921 | €66,313 | +€1,392 | +2.1% |
| Other operating charges | 640/8 | €37,006 | €17,182 | -€19,824 | -53.6% |
| Gross operating margin | 9900 | €3,450,429 | €3,318,332 | -€132,097 | -3.8% |
| Operating profit (loss) | 9901 | €242,092 | €177,684 | -€64,408 | -26.6% |
| Financial income | 75/76B | €67 | €330 | +€264 | +395.2% |
| Recurring financial income | 75 | €67 | €330 | +€264 | +395.2% |
| Financial charges | 65/66B | €102,582 | €95,904 | -€6,678 | -6.5% |
| Recurring financial charges | 65 | €102,582 | €95,904 | -€6,678 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €139,576 | €82,110 | -€57,466 | -41.2% |
| Income taxes | 67/77 | €101,288 | €82,872 | -€18,415 | -18.2% |
| Profit (loss) for the period | 9904 | €38,289 | -€762 | -€39,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,289 | -€762 | -€39,051 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.