Boghossian Foundation: 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.
Boghossian Foundation
Largest movements
- Tangible fixed assets -€225,869
down €225,869 (-9.0%), from €2.5m to €2.3m
of which Land and buildings: -€187,909
- Cash +€85,741
up €85,741 (+25.9%), from €331,241 to €416,982
mainly Debts after one year (+€5.7m) and Contributions, distributions and other (+€5.6m)
- Deferred charges and accrued income -€42,478
no longer reported in 2024 (was €42,478)
- Debts within one year -€10.9m
down €10.9m (-73.3%), from €14.8m to €4.0m
- Debts after one year +€5.7m
up €5.7m (+955%), from €600,000 to €6.3m
- Contributions +€5.6m
new in 2024: €5.6m
- Profit (loss) carried forward -€422,232
down €422,232 (-3.4%), from -€12.5m to -€12.9m
- Accrued charges and deferred income -€190,476
no longer reported in 2024 (was €190,476)
- Gross operating margin +€756,539
up €756,539 (+648%), from €116,830 to €873,369
- Staff costs -€94,815
down €94,815 (-13.2%), from €717,025 to €622,211
- Other operating charges +€14,868
up €14,868 (+90.2%), from €16,479 to €31,348
- Financial charges +€12,645
up €12,645 (+40.3%), from €31,341 to €43,987
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,132,869 | €2,982,177 | -€150,692 | -4.8% |
| Fixed assets | 21/28 | €2,538,135 | €2,315,908 | -€222,226 | -8.8% |
| Tangible fixed assets | 22/27 | €2,518,453 | €2,292,584 | -€225,869 | -9.0% |
| Land and buildings | 22 | €1,130,158 | €942,249 | -€187,909 | -16.6% |
| Plant, machinery and equipment | 23 | €1,379,127 | €1,312,431 | -€66,697 | -4.8% |
| Furniture and vehicles | 24 | €9,168 | €37,904 | +€28,736 | +313% |
| Financial fixed assets | 28 | €19,682 | €23,324 | +€3,642 | +18.5% |
| Current assets | 29/58 | €594,734 | €666,269 | +€71,535 | +12.0% |
| Stocks and contracts in progress | 3 | €79,928 | €86,473 | +€6,545 | +8.2% |
| Stocks | 30/36 | €79,928 | €86,473 | +€6,545 | +8.2% |
| Amounts receivable within one year | 40/41 | €141,087 | €155,813 | +€14,726 | +10.4% |
| Trade receivables | 40 | €141,087 | €155,813 | +€14,726 | +10.4% |
| Current investments | 50/53 | - | €7,000 | +€7,000 | |
| Cash at bank and in hand | 54/58 | €331,241 | €416,982 | +€85,741 | +25.9% |
| Deferred charges and accrued income | 490/1 | €42,478 | - | -€42,478 | |
| Total equity and liabilities | 10/49 | €3,132,869 | €2,982,177 | -€150,692 | -4.8% |
| Equity | 10/15 | -€12,491,826 | -€7,310,999 | +€5.2m | +41.5% |
| Contributions | 10/11 | - | €5,603,060 | +€5.6m | |
| Capital | 10 | - | €5,603,060 | +€5.6m | |
| Profit (loss) carried forward | 14 | -€12,491,826 | -€12,914,058 | -€422,232 | -3.4% |
| Amounts payable | 17/49 | €15,624,695 | €10,293,176 | -€5.3m | -34.1% |
| Amounts payable after more than one year | 17 | €600,000 | €6,329,000 | +€5.7m | +955% |
| Financial debts | 170/4 | €600,000 | €6,329,000 | +€5.7m | +955% |
| Amounts payable within one year | 42/48 | €14,834,219 | €3,964,176 | -€10.9m | -73.3% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €69,569 | €157,949 | +€88,380 | +127% |
| Suppliers | 440/4 | €69,569 | €157,949 | +€88,380 | +127% |
| Taxes, remuneration and social security | 45 | €71,816 | €80,453 | +€8,636 | +12.0% |
| Taxes | 450/3 | €11,323 | €25,660 | +€14,337 | +127% |
| Remuneration and social security | 454/9 | €60,493 | €54,793 | -€5,701 | -9.4% |
| Accrued charges and deferred income | 492/3 | €190,476 | - | -€190,476 | |
| Remuneration, social security and pensions | 62 | €717,025 | €622,211 | -€94,815 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350,626 | €344,020 | -€6,607 | -1.9% |
| Other operating charges | 640/8 | €16,479 | €31,348 | +€14,868 | +90.2% |
| Non-recurring operating charges | 66A | €142,434 | €259,743 | +€117,309 | +82.4% |
| Gross operating margin | 9900 | €116,830 | €873,369 | +€756,539 | +648% |
| Operating profit (loss) | 9901 | -€1,109,735 | -€383,952 | +€725,783 | +65.4% |
| Financial income | 75/76B | €388 | €5,706 | +€5,319 | +1,371% |
| Recurring financial income | 75 | €388 | €5,706 | +€5,319 | +1,371% |
| Financial charges | 65/66B | €31,341 | €43,987 | +€12,645 | +40.3% |
| Recurring financial charges | 65 | €31,341 | €43,987 | +€12,645 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,140,689 | -€422,232 | +€718,457 | +63.0% |
| Profit (loss) for the period | 9904 | -€1,140,689 | -€422,232 | +€718,457 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,140,689 | -€422,232 | +€718,457 | +63.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.