Bogaerts - Van Brempt: 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 - Van Brempt
Largest movements
- Intangible fixed assets -€77,500
down €77,500 (-14.5%), from €535,918 to €458,418
- Cash -€22,444
down €22,444 (-21.0%), from €106,713 to €84,269
mainly Debts after one year (-€775,000) and Net result for the year (-€110,280)
- Receivables within one year -€11,774
down €11,774 (-18.3%), from €64,264 to €52,491
of which Other amounts receivable: -€9,066
- Debts after one year -€775,000
no longer reported in 2025 (was €775,000)
- Contributions +€628,319
up €628,319 (+3,378%), from €18,600 to €646,919
- Profit (loss) carried forward +€36,402
up €36,402 (+24.8%), from -€146,681 to -€110,280
- Tax, wage and social debts +€28,220
up €28,220 (+80.2%), from €35,200 to €63,421
of which Remuneration and social security: +€16,471
- Trade debts -€26,052
down €26,052 (-85.1%), from €30,628 to €4,575
- Staff costs +€41,466
up €41,466 (+13.1%), from €316,617 to €358,084
- Depreciation -€9,846
down €9,846 (-11.0%), from €89,813 to €79,968
- Gross operating margin +€4,476
up €4,476 (+1.4%), from €327,403 to €331,879
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 | €714,113 | €606,104 | -€108,009 | -15.1% |
| Formation expenses | 20 | - | €6,063 | +€6,063 | |
| Fixed assets | 21/28 | €539,467 | €459,757 | -€79,711 | -14.8% |
| Intangible fixed assets | 21 | €535,918 | €458,418 | -€77,500 | -14.5% |
| Tangible fixed assets | 22/27 | €3,550 | €1,339 | -€2,211 | -62.3% |
| Land and buildings | 22 | €1,173 | €586 | -€586 | -50.0% |
| Furniture and vehicles | 24 | €2,377 | €752 | -€1,625 | -68.3% |
| Current assets | 29/58 | €174,645 | €140,284 | -€34,361 | -19.7% |
| Amounts receivable within one year | 40/41 | €64,264 | €52,491 | -€11,774 | -18.3% |
| Trade receivables | 40 | €13,846 | €11,138 | -€2,708 | -19.6% |
| Other amounts receivable | 41 | €50,419 | €41,353 | -€9,066 | -18.0% |
| Cash at bank and in hand | 54/58 | €106,713 | €84,269 | -€22,444 | -21.0% |
| Deferred charges and accrued income | 490/1 | €3,667 | €3,525 | -€143 | -3.9% |
| Total equity and liabilities | 10/49 | €714,113 | €606,104 | -€108,009 | -15.1% |
| Equity | 10/15 | -€128,081 | €536,639 | +€664,720 | |
| Contributions | 10/11 | €18,600 | €646,919 | +€628,319 | +3,378% |
| Profit (loss) carried forward | 14 | -€146,681 | -€110,280 | +€36,402 | +24.8% |
| Amounts payable | 17/49 | €842,194 | €69,465 | -€772,729 | -91.8% |
| Amounts payable after more than one year | 17 | €775,000 | - | -€775,000 | |
| Financial debts | 170/4 | €775,000 | - | -€775,000 | |
| Amounts payable within one year | 42/48 | €66,627 | €69,465 | +€2,838 | +4.3% |
| Trade debts | 44 | €30,628 | €4,575 | -€26,052 | -85.1% |
| Suppliers | 440/4 | €30,628 | €4,575 | -€26,052 | -85.1% |
| Taxes, remuneration and social security | 45 | €35,200 | €63,421 | +€28,220 | +80.2% |
| Taxes | 450/3 | €877 | €12,626 | +€11,749 | +1,339% |
| Remuneration and social security | 454/9 | €34,323 | €50,794 | +€16,471 | +48.0% |
| Other amounts payable | 47/48 | €799 | €1,469 | +€669 | +83.8% |
| Accrued charges and deferred income | 492/3 | €567 | - | -€567 | |
| Remuneration, social security and pensions | 62 | €316,617 | €358,084 | +€41,466 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,813 | €79,968 | -€9,846 | -11.0% |
| Other operating charges | 640/8 | €759 | €520 | -€240 | -31.6% |
| Non-recurring operating charges | 66A | €2,068 | - | -€2,068 | |
| Gross operating margin | 9900 | €327,403 | €331,879 | +€4,476 | +1.4% |
| Operating profit (loss) | 9901 | -€81,855 | -€106,692 | -€24,837 | -30.3% |
| Financial income | 75/76B | €345 | €9 | -€336 | -97.5% |
| Recurring financial income | 75 | €345 | €9 | -€336 | -97.5% |
| Financial charges | 65/66B | €2,789 | €3,022 | +€233 | +8.4% |
| Recurring financial charges | 65 | €2,789 | €3,022 | +€233 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€84,299 | -€109,705 | -€25,406 | -30.1% |
| Income taxes | 67/77 | €633 | €574 | -€58 | -9.2% |
| Profit (loss) for the period | 9904 | -€84,932 | -€110,280 | -€25,347 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,932 | -€110,280 | -€25,347 | -29.8% |
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 28 October 2026 via checked.be.