BOGOBEN: 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.
BOGOBEN
Largest movements
- Receivables within one year +€73,046
up €73,046 (+126%), from €57,944 to €130,990
of which Trade receivables: +€122,367
- Cash -€21,609
down €21,609 (-82.4%), from €26,227 to €4,619
- Trade debts +€79,080
up €79,080 (+579%), from €13,657 to €92,737
- Profit (loss) carried forward -€29,114
down €29,114 (-74.2%), from €39,260 to €10,146
- Gross operating margin -€55,956
no longer reported in 2025 (was €55,956)
- Depreciation -€26,901
no longer reported in 2025 (was €26,901)
- Other operating charges -€8,309
no longer reported in 2025 (was €8,309)
From the 2023 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,349 | €454,314 | +€49,965 | +12.4% |
| Fixed assets | 21/28 | €320,177 | €318,705 | -€1,472 | -0.5% |
| Tangible fixed assets | 22/27 | €320,177 | €318,705 | -€1,472 | -0.5% |
| Land and buildings | 22 | €320,177 | €318,705 | -€1,472 | -0.5% |
| Current assets | 29/58 | €84,172 | €135,609 | +€51,437 | +61.1% |
| Amounts receivable within one year | 40/41 | €57,944 | €130,990 | +€73,046 | +126% |
| Trade receivables | 40 | €7,120 | €129,487 | +€122,367 | +1,719% |
| Other amounts receivable | 41 | €50,824 | €1,503 | -€49,321 | -97.0% |
| Cash at bank and in hand | 54/58 | €26,227 | €4,619 | -€21,609 | -82.4% |
| Total equity and liabilities | 10/49 | €404,349 | €454,314 | +€49,965 | +12.4% |
| Equity | 10/15 | €298,342 | €269,228 | -€29,114 | -9.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €199,082 | €199,082 | = | 0.0% |
| Tax-exempt reserves | 132 | €193,082 | €193,082 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,260 | €10,146 | -€29,114 | -74.2% |
| Amounts payable | 17/49 | €106,007 | €185,086 | +€79,080 | +74.6% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,007 | €160,086 | +€79,080 | +97.6% |
| Trade debts | 44 | €13,657 | €92,737 | +€79,080 | +579% |
| Suppliers | 440/4 | €13,657 | €92,737 | +€79,080 | +579% |
| Other amounts payable | 47/48 | €67,350 | €67,350 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,901 | - | -€26,901 | |
| Other operating charges | 640/8 | €8,309 | - | -€8,309 | |
| Gross operating margin | 9900 | €55,956 | - | -€55,956 | |
| Operating profit (loss) | 9901 | €20,746 | - | -€20,746 | |
| Financial income | 75/76B | €463 | - | -€463 | |
| Recurring financial income | 75 | €463 | - | -€463 | |
| Non-recurring financial income | 76B | €463 | - | -€463 | |
| Financial charges | 65/66B | €86 | - | -€86 | |
| Recurring financial charges | 65 | €18 | - | -€18 | |
| Non-recurring financial charges | 66B | €68 | - | -€68 | |
| Profit (loss) for the period before taxes | 9903 | €21,124 | - | -€21,124 | |
| Profit (loss) for the period | 9904 | €21,124 | - | -€21,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,124 | - | -€21,124 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.