BOGMORE: 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.
BOGMORE
Largest movements
- Cash +€3.0m
up €3.0m (+8,823%), from €34,412 to €3.1m
mainly Net result for the year (+€2.7m) and Other debts (+€476,614)
- Reserves +€2.3m
up €2.3m (+51.7%), from €4.4m to €6.6m
- Other debts +€476,614
up €476,614 (+25.7%), from €1.9m to €2.3m
- Tax, wage and social debts +€304,061
up €304,061 (+1,470%), from €20,681 to €324,742
- Financial income +€3.0m
up €3.0m (+174,803%), from €1,717 to €3.0m
- Taxes +€272,970
up €272,970 (+3,671%), from €7,435 to €280,406
- Financial charges +€64,817
up €64,817 (+103%), from €62,982 to €127,799
- Other operating charges -€3,039
down €3,039 (-54.0%), from €5,629 to €2,590
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 | €8,373,153 | €11,339,370 | +€3.0m | +35.4% |
| Fixed assets | 21/28 | €8,157,703 | €8,146,809 | -€10,895 | -0.1% |
| Tangible fixed assets | 22/27 | €20,867 | €7,371 | -€13,496 | -64.7% |
| Furniture and vehicles | 24 | €20,867 | €7,371 | -€13,496 | -64.7% |
| Financial fixed assets | 28 | €8,136,836 | €8,139,438 | +€2,602 | 0.0% |
| Current assets | 29/58 | €215,450 | €3,192,561 | +€3.0m | +1,382% |
| Amounts receivable within one year | 40/41 | €80,373 | €40,205 | -€40,168 | -50.0% |
| Trade receivables | 40 | €26,326 | €26,873 | +€547 | +2.1% |
| Other amounts receivable | 41 | €54,048 | €13,333 | -€40,715 | -75.3% |
| Current investments | 50/53 | €100,000 | €81,021 | -€18,979 | -19.0% |
| Cash at bank and in hand | 54/58 | €34,412 | €3,070,640 | +€3.0m | +8,823% |
| Deferred charges and accrued income | 490/1 | €665 | €695 | +€31 | +4.6% |
| Total equity and liabilities | 10/49 | €8,373,153 | €11,339,370 | +€3.0m | +35.4% |
| Equity | 10/15 | €6,167,532 | €8,431,750 | +€2.3m | +36.7% |
| Contributions | 10/11 | €1,787,500 | €1,787,500 | = | 0.0% |
| Reserves | 13 | €4,380,032 | €6,644,250 | +€2.3m | +51.7% |
| Distributable reserves | 133 | €4,380,032 | €6,644,250 | +€2.3m | +51.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,205,620 | €2,907,619 | +€701,999 | +31.8% |
| Amounts payable after more than one year | 17 | €237,198 | €143,005 | -€94,193 | -39.7% |
| Financial debts | 170/4 | €237,198 | €143,005 | -€94,193 | -39.7% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,968,422 | €2,764,614 | +€796,192 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €93,289 | €94,193 | +€904 | +1.0% |
| Trade debts | 44 | €2,152 | €16,765 | +€14,613 | +679% |
| Suppliers | 440/4 | €2,152 | €16,765 | +€14,613 | +679% |
| Taxes, remuneration and social security | 45 | €20,681 | €324,742 | +€304,061 | +1,470% |
| Taxes | 450/3 | €20,681 | €324,742 | +€304,061 | +1,470% |
| Other amounts payable | 47/48 | €1,852,300 | €2,328,914 | +€476,614 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,107 | €13,496 | -€611 | -4.3% |
| Other operating charges | 640/8 | €5,629 | €2,590 | -€3,039 | -54.0% |
| Non-recurring operating charges | 66A | €1,129 | €0 | -€1,129 | -100% |
| Gross operating margin | 9900 | €159,240 | €158,337 | -€903 | -0.6% |
| Operating profit (loss) | 9901 | €138,375 | €142,251 | +€3,876 | +2.8% |
| Financial income | 75/76B | €1,717 | €3,003,338 | +€3.0m | +174,803% |
| Recurring financial income | 75 | €1,717 | €3,003,338 | +€3.0m | +174,803% |
| Financial charges | 65/66B | €62,982 | €127,799 | +€64,817 | +103% |
| Recurring financial charges | 65 | €62,982 | €127,799 | +€64,817 | +103% |
| Profit (loss) for the period before taxes | 9903 | €77,110 | €3,017,789 | +€2.9m | +3,814% |
| Income taxes | 67/77 | €7,435 | €280,406 | +€272,970 | +3,671% |
| Profit (loss) for the period | 9904 | €69,674 | €2,737,383 | +€2.7m | +3,829% |
| Profit (loss) for the period to be appropriated | 9905 | €69,674 | €2,737,383 | +€2.7m | +3,829% |
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 30 October 2026 via checked.be.