BOGHE CONSTRUCT: 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.
BOGHE CONSTRUCT
Largest movements
- Tangible fixed assets -€5,354
down €5,354 (-29.8%), from €17,975 to €12,621
of which Furniture and vehicles: -€4,544
- Cash -€1,192
down €1,192 (-100.0%), from €1,192 to €0
mainly Short-term financial debts (-€8,605) and Debts after one year (-€5,000)
- Stocks and contracts -€925
down €925 (-30.6%), from €3,025 to €2,100
- Other debts +€10,876
up €10,876 (+41.9%), from €25,935 to €36,811
- Short-term financial debts -€8,605
down €8,605 (-89.7%), from €9,592 to €987
- Debts after one year -€5,000
down €5,000 (-72.8%), from €6,865 to €1,865
- Tax, wage and social debts -€3,826
down €3,826 (-65.0%), from €5,884 to €2,059
of which Remuneration and social security: -€4,200
- Gross operating margin -€10,154
down €10,154 (-56.0%), from €18,128 to €7,974
- Financial charges -€7,040
down €7,040 (-79.7%), from €8,833 to €1,792
- Staff costs -€4,954
down €4,954 (-99.5%), from €4,979 to €25
- Depreciation +€827
up €827 (+18.3%), from €4,527 to €5,354
- Other operating charges -€675
down €675 (-34.8%), from €1,941 to €1,266
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,949 | €79,107 | -€7,842 | -9.0% |
| Fixed assets | 21/28 | €17,975 | €12,621 | -€5,354 | -29.8% |
| Tangible fixed assets | 22/27 | €17,975 | €12,621 | -€5,354 | -29.8% |
| Plant, machinery and equipment | 23 | €1,010 | €200 | -€810 | -80.2% |
| Furniture and vehicles | 24 | €16,965 | €12,421 | -€4,544 | -26.8% |
| Current assets | 29/58 | €68,974 | €66,486 | -€2,488 | -3.6% |
| Stocks and contracts in progress | 3 | €3,025 | €2,100 | -€925 | -30.6% |
| Stocks | 30/36 | €3,025 | €2,100 | -€925 | -30.6% |
| Amounts receivable within one year | 40/41 | €63,854 | €63,361 | -€493 | -0.8% |
| Trade receivables | 40 | €62,447 | €62,743 | +€296 | +0.5% |
| Other amounts receivable | 41 | €1,407 | €618 | -€789 | -56.1% |
| Cash at bank and in hand | 54/58 | €1,192 | €0 | -€1,192 | -100.0% |
| Deferred charges and accrued income | 490/1 | €904 | €1,025 | +€121 | +13.4% |
| Total equity and liabilities | 10/49 | €86,949 | €79,107 | -€7,842 | -9.0% |
| Equity | 10/15 | €27,737 | €27,218 | -€519 | -1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,960 | €7,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €375 | €375 | = | 0.0% |
| Reserves not available under the articles | 1311 | €375 | €375 | = | 0.0% |
| Distributable reserves | 133 | €7,585 | €7,585 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,576 | €13,058 | -€519 | -3.8% |
| Amounts payable | 17/49 | €59,213 | €51,889 | -€7,323 | -12.4% |
| Amounts payable after more than one year | 17 | €6,865 | €1,865 | -€5,000 | -72.8% |
| Financial debts | 170/4 | €6,865 | €1,865 | -€5,000 | -72.8% |
| Amounts payable within one year | 42/48 | €52,347 | €50,024 | -€2,323 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 43 | €9,592 | €987 | -€8,605 | -89.7% |
| Credit institutions | 430/8 | €9,592 | €987 | -€8,605 | -89.7% |
| Trade debts | 44 | €5,935 | €5,167 | -€768 | -12.9% |
| Suppliers | 440/4 | €5,935 | €5,167 | -€768 | -12.9% |
| Taxes, remuneration and social security | 45 | €5,884 | €2,059 | -€3,826 | -65.0% |
| Taxes | 450/3 | €1,684 | €2,059 | +€374 | +22.2% |
| Remuneration and social security | 454/9 | €4,200 | - | -€4,200 | |
| Other amounts payable | 47/48 | €25,935 | €36,811 | +€10,876 | +41.9% |
| Non-recurring operating income | 76A | €2,340 | €60 | -€2,280 | -97.4% |
| Remuneration, social security and pensions | 62 | €4,979 | €25 | -€4,954 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,527 | €5,354 | +€827 | +18.3% |
| Other operating charges | 640/8 | €1,941 | €1,266 | -€675 | -34.8% |
| Non-recurring operating charges | 66A | €852 | - | -€852 | |
| Gross operating margin | 9900 | €18,128 | €7,974 | -€10,154 | -56.0% |
| Operating profit (loss) | 9901 | €5,828 | €1,329 | -€4,500 | -77.2% |
| Financial income | 75/76B | €42 | - | -€42 | |
| Recurring financial income | 75 | €42 | - | -€42 | |
| Financial charges | 65/66B | €8,833 | €1,792 | -€7,040 | -79.7% |
| Recurring financial charges | 65 | €8,833 | €1,792 | -€7,040 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,962 | -€464 | +€2,498 | +84.3% |
| Income taxes | 67/77 | - | €55 | +€55 | |
| Profit (loss) for the period | 9904 | -€2,962 | -€519 | +€2,443 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,962 | -€519 | +€2,443 | +82.5% |
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 12 October 2026 via checked.be.