BOGAZICI: 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.
BOGAZICI
Largest movements
- Tangible fixed assets -€7,388
down €7,388 (-62.3%), from €11,855 to €4,467
of which Furniture and vehicles: -€6,195
- Cash -€3,450
down €3,450 (-19.9%), from €17,309 to €13,859
mainly Net result for the year (-€5,319) and Debts after one year (-€3,889)
- Deferred charges and accrued income +€2,825
new in 2025: €2,825
- Profit (loss) carried forward -€5,319
down €5,319, from €379 to -€4,940
- Trade debts +€5,137
up €5,137 (+92.9%), from €5,532 to €10,669
- Debts after one year -€3,889
no longer reported in 2025 (was €3,889)
- Other debts -€2,150
down €2,150 (-67.2%), from €3,202 to €1,052
- Tax, wage and social debts -€2,100
down €2,100 (-21.2%), from €9,912 to €7,813
of which Remuneration and social security: -€1,091
- Staff costs -€6,484
down €6,484 (-32.0%), from €20,260 to €13,776
- Gross operating margin -€6,396
down €6,396 (-20.2%), from €31,721 to €25,325
- Other operating charges +€4,376
up €4,376 (+140%), from €3,116 to €7,491
- Financial charges +€3,676
up €3,676 (+183%), from €2,014 to €5,690
- Depreciation -€2,546
down €2,546 (-43.5%), from €5,848 to €3,301
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 | €29,164 | €21,151 | -€8,013 | -27.5% |
| Fixed assets | 21/28 | €11,855 | €4,467 | -€7,388 | -62.3% |
| Tangible fixed assets | 22/27 | €11,855 | €4,467 | -€7,388 | -62.3% |
| Plant, machinery and equipment | 23 | €2,080 | €1,323 | -€758 | -36.4% |
| Furniture and vehicles | 24 | €8,180 | €1,985 | -€6,195 | -75.7% |
| Other tangible fixed assets | 26 | €1,595 | €1,159 | -€436 | -27.3% |
| Current assets | 29/58 | €17,309 | €16,684 | -€625 | -3.6% |
| Cash at bank and in hand | 54/58 | €17,309 | €13,859 | -€3,450 | -19.9% |
| Deferred charges and accrued income | 490/1 | - | €2,825 | +€2,825 | |
| Total equity and liabilities | 10/49 | €29,164 | €21,151 | -€8,013 | -27.5% |
| Equity | 10/15 | €6,629 | €1,310 | -€5,319 | -80.2% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €379 | -€4,940 | -€5,319 | |
| Amounts payable | 17/49 | €22,536 | €19,841 | -€2,694 | -12.0% |
| Amounts payable after more than one year | 17 | €3,889 | - | -€3,889 | |
| Financial debts | 170/4 | €3,889 | - | -€3,889 | |
| Amounts payable within one year | 42/48 | €18,646 | €19,841 | +€1,195 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | - | €308 | +€308 | |
| Trade debts | 44 | €5,532 | €10,669 | +€5,137 | +92.9% |
| Suppliers | 440/4 | €5,532 | €10,669 | +€5,137 | +92.9% |
| Taxes, remuneration and social security | 45 | €9,912 | €7,813 | -€2,100 | -21.2% |
| Taxes | 450/3 | €1,054 | €45 | -€1,009 | -95.7% |
| Remuneration and social security | 454/9 | €8,858 | €7,767 | -€1,091 | -12.3% |
| Other amounts payable | 47/48 | €3,202 | €1,052 | -€2,150 | -67.2% |
| Remuneration, social security and pensions | 62 | €20,260 | €13,776 | -€6,484 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,848 | €3,301 | -€2,546 | -43.5% |
| Other operating charges | 640/8 | €3,116 | €7,491 | +€4,376 | +140% |
| Gross operating margin | 9900 | €31,721 | €25,325 | -€6,396 | -20.2% |
| Operating profit (loss) | 9901 | €2,498 | €757 | -€1,741 | -69.7% |
| Financial income | 75/76B | €0 | €34 | +€33 | +8,083% |
| Recurring financial income | 75 | €0 | €34 | +€33 | +8,083% |
| Financial charges | 65/66B | €2,014 | €5,690 | +€3,676 | +183% |
| Recurring financial charges | 65 | €2,014 | €5,690 | +€3,676 | +183% |
| Profit (loss) for the period before taxes | 9903 | €485 | -€4,899 | -€5,384 | |
| Income taxes | 67/77 | €106 | €420 | +€313 | +295% |
| Profit (loss) for the period | 9904 | €379 | -€5,319 | -€5,698 | |
| Profit (loss) for the period to be appropriated | 9905 | €379 | -€5,319 | -€5,698 |
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.