Bogemans Steve: 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.
Bogemans Steve
Largest movements
- Receivables within one year -€24,847
down €24,847 (-90.1%), from €27,569 to €2,722
of which Other amounts receivable: -€26,531
- Tangible fixed assets -€12,453
down €12,453 (-27.2%), from €45,824 to €33,371
of which Furniture and vehicles: -€16,072
- Cash -€5,432
down €5,432 (-60.4%), from €8,997 to €3,565
mainly Net result for the year (-€26,623) and Tax, wage and social debts (-€17,315)
- Reserves -€21,883
down €21,883 (-100%), from €21,883 to €0
- Tax, wage and social debts -€17,315
down €17,315 (-96.3%), from €17,975 to €659
- Debts after one year -€11,220
down €11,220 (-43.3%), from €25,887 to €14,667
- Other debts +€6,705
new in 2025: €6,705
- Trade debts +€5,284
up €5,284 (+612%), from €863 to €6,147
- Other operating charges +€2,217
up €2,217 (+171%), from €1,300 to €3,516
- Financial charges -€1,402
down €1,402 (-45.1%), from €3,111 to €1,709
- Financial income -€1,318
no longer reported in 2025 (was €1,318)
- Gross operating margin +€1,211
up €1,211 (+12.1%), from -€10,023 to -€8,813
- Taxes -€109
down €109 (-45.2%), from €241 to €132
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 | €82,390 | €39,659 | -€42,732 | -51.9% |
| Fixed assets | 21/28 | €45,824 | €33,371 | -€12,453 | -27.2% |
| Tangible fixed assets | 22/27 | €45,824 | €33,371 | -€12,453 | -27.2% |
| Plant, machinery and equipment | 23 | €1,954 | €5,573 | +€3,619 | +185% |
| Furniture and vehicles | 24 | €43,870 | €27,798 | -€16,072 | -36.6% |
| Current assets | 29/58 | €36,566 | €6,288 | -€30,278 | -82.8% |
| Amounts receivable within one year | 40/41 | €27,569 | €2,722 | -€24,847 | -90.1% |
| Trade receivables | 40 | €30 | €1,715 | +€1,684 | +5,542% |
| Other amounts receivable | 41 | €27,539 | €1,008 | -€26,531 | -96.3% |
| Cash at bank and in hand | 54/58 | €8,997 | €3,565 | -€5,432 | -60.4% |
| Total equity and liabilities | 10/49 | €82,390 | €39,659 | -€42,732 | -51.9% |
| Equity | 10/15 | €26,883 | €260 | -€26,623 | -99.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,883 | €0 | -€21,883 | -100% |
| Distributable reserves | 133 | €21,883 | €0 | -€21,883 | -100% |
| Profit (loss) carried forward | 14 | - | -€4,740 | -€4,740 | |
| Amounts payable | 17/49 | €55,507 | €39,399 | -€16,108 | -29.0% |
| Amounts payable after more than one year | 17 | €25,887 | €14,667 | -€11,220 | -43.3% |
| Financial debts | 170/4 | €25,887 | €14,667 | -€11,220 | -43.3% |
| Amounts payable within one year | 42/48 | €29,620 | €24,731 | -€4,888 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €10,782 | €11,220 | +€438 | +4.1% |
| Trade debts | 44 | €863 | €6,147 | +€5,284 | +612% |
| Suppliers | 440/4 | €863 | €6,147 | +€5,284 | +612% |
| Taxes, remuneration and social security | 45 | €17,975 | €659 | -€17,315 | -96.3% |
| Taxes | 450/3 | €17,975 | €659 | -€17,315 | -96.3% |
| Other amounts payable | 47/48 | - | €6,705 | +€6,705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,426 | €12,453 | +€27 | +0.2% |
| Other operating charges | 640/8 | €1,300 | €3,516 | +€2,217 | +171% |
| Non-recurring operating charges | 66A | €14,624 | - | -€14,624 | |
| Gross operating margin | 9900 | -€10,023 | -€8,813 | +€1,211 | +12.1% |
| Operating profit (loss) | 9901 | -€38,373 | -€24,782 | +€13,591 | +35.4% |
| Financial income | 75/76B | €1,318 | - | -€1,318 | |
| Recurring financial income | 75 | €1,318 | - | -€1,318 | |
| Financial charges | 65/66B | €3,111 | €1,709 | -€1,402 | -45.1% |
| Recurring financial charges | 65 | €3,111 | €1,709 | -€1,402 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,166 | -€26,491 | +€13,675 | +34.0% |
| Income taxes | 67/77 | €241 | €132 | -€109 | -45.2% |
| Profit (loss) for the period | 9904 | -€40,407 | -€26,623 | +€13,783 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,407 | -€26,623 | +€13,783 | +34.1% |
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 20 October 2026 via checked.be.