BOGECO: 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.
BOGECO
Largest movements
- Cash +€60,811
up €60,811 (+41.2%), from €147,712 to €208,523
mainly Net result for the year (+€42,124) and Receivables within one year (+€20,032)
- Receivables within one year -€20,032
down €20,032 (-71.6%), from €27,959 to €7,927
of which Trade receivables: -€21,344
- Profit (loss) carried forward +€42,124
up €42,124 (+36.4%), from €115,646 to €157,769
- Tax, wage and social debts -€4,026
down €4,026 (-88.1%), from €4,570 to €544
- Other debts +€2,855
up €2,855 (+71.8%), from €3,977 to €6,833
- Gross operating margin -€13,740
down €13,740 (-19.8%), from €69,567 to €55,827
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 | €175,671 | €216,449 | +€40,778 | +23.2% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €175,671 | €216,449 | +€40,778 | +23.2% |
| Amounts receivable within one year | 40/41 | €27,959 | €7,927 | -€20,032 | -71.6% |
| Trade receivables | 40 | €25,918 | €4,574 | -€21,344 | -82.4% |
| Other amounts receivable | 41 | €2,041 | €3,353 | +€1,312 | +64.3% |
| Cash at bank and in hand | 54/58 | €147,712 | €208,523 | +€60,811 | +41.2% |
| Total equity and liabilities | 10/49 | €175,671 | €216,449 | +€40,778 | +23.2% |
| Equity | 10/15 | €166,430 | €208,553 | +€42,124 | +25.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €42,784 | €42,784 | = | 0.0% |
| Distributable reserves | 133 | €42,784 | €42,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,646 | €157,769 | +€42,124 | +36.4% |
| Amounts payable | 17/49 | €9,241 | €7,896 | -€1,345 | -14.6% |
| Amounts payable within one year | 42/48 | €9,241 | €7,896 | -€1,345 | -14.6% |
| Trade debts | 44 | €694 | €520 | -€174 | -25.1% |
| Suppliers | 440/4 | €694 | €520 | -€174 | -25.1% |
| Taxes, remuneration and social security | 45 | €4,570 | €544 | -€4,026 | -88.1% |
| Taxes | 450/3 | €4,570 | €544 | -€4,026 | -88.1% |
| Other amounts payable | 47/48 | €3,977 | €6,833 | +€2,855 | +71.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €69,567 | €55,827 | -€13,740 | -19.8% |
| Operating profit (loss) | 9901 | €69,062 | €55,308 | -€13,754 | -19.9% |
| Financial income | 75/76B | €582 | €1,162 | +€580 | +99.5% |
| Recurring financial income | 75 | €582 | €1,162 | +€580 | +99.5% |
| Financial charges | 65/66B | €138 | €150 | +€12 | +8.7% |
| Recurring financial charges | 65 | €138 | €150 | +€12 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €69,506 | €56,319 | -€13,187 | -19.0% |
| Income taxes | 67/77 | €13,974 | €14,196 | +€222 | +1.6% |
| Profit (loss) for the period | 9904 | €55,532 | €42,124 | -€13,408 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,532 | €42,124 | -€13,408 | -24.1% |
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 23 October 2026 via checked.be.