BOHEZ: 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.
BOHEZ
Largest movements
- Receivables after one year -€130,500
down €130,500 (-91.3%), from €142,947 to €12,447
- Receivables within one year +€13,690
up €13,690 (+235.3%), from €5,819 to €19,509
of which Trade receivables: +€9,313
- Current investments +€8,725
up €8,725 (+1.9%), from €464,837 to €473,562
- Contributions -€130,500
down €130,500 (-68.0%), from €192,000 to €61,500
- Reserves +€31,075
up €31,075 (+7.6%), from €407,610 to €438,685
of which Distributable reserves: +€31,075
- Tax, wage and social debts -€15,906
down €15,906 (-84.1%), from €18,916 to €3,011
- Gross operating margin -€28,711
down €28,711 (-38.0%), from €75,466 to €46,755
- Taxes -€11,551
down €11,551 (-43.2%), from €26,712 to €15,161
- Financial income -€11,495
down €11,495 (-90.6%), from €12,687 to €1,192
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 | €624,620 | €510,689 | -€113,931 | -18.2% |
| Fixed assets | 21/28 | €2,317 | €1,658 | -€659 | -28.4% |
| Tangible fixed assets | 22/27 | €2,317 | €1,658 | -€659 | -28.4% |
| Furniture and vehicles | 24 | €2,317 | €1,658 | -€659 | -28.4% |
| Current assets | 29/58 | €622,303 | €509,031 | -€113,272 | -18.2% |
| Amounts receivable after more than one year | 29 | €142,947 | €12,447 | -€130,500 | -91.3% |
| Other amounts receivable | 291 | €142,947 | €12,447 | -€130,500 | -91.3% |
| Amounts receivable within one year | 40/41 | €5,819 | €19,509 | +€13,690 | +235.3% |
| Trade receivables | 40 | - | €9,313 | +€9,313 | |
| Other amounts receivable | 41 | €5,819 | €10,197 | +€4,378 | +75.2% |
| Current investments | 50/53 | €464,837 | €473,562 | +€8,725 | +1.9% |
| Cash at bank and in hand | 54/58 | €169 | €76 | -€93 | -55.0% |
| Deferred charges and accrued income | 490/1 | €8,531 | €3,437 | -€5,094 | -59.7% |
| Total equity and liabilities | 10/49 | €624,620 | €510,689 | -€113,931 | -18.2% |
| Equity | 10/15 | €599,871 | €500,185 | -€99,687 | -16.6% |
| Contributions | 10/11 | €192,000 | €61,500 | -€130,500 | -68.0% |
| Capital | 10 | €192,000 | €61,500 | -€130,500 | -68.0% |
| Issued capital | 100 | €192,000 | €61,500 | -€130,500 | -68.0% |
| Reserves | 13 | €407,610 | €438,685 | +€31,075 | +7.6% |
| Non-distributable reserves | 130/1 | €19,200 | €19,200 | = | 0.0% |
| Legal reserve | 130 | €19,200 | €19,200 | = | 0.0% |
| Distributable reserves | 133 | €388,410 | €419,485 | +€31,075 | +8.0% |
| Profit (loss) carried forward | 14 | €261 | €0 | -€261 | -100.0% |
| Amounts payable | 17/49 | €24,749 | €10,505 | -€14,245 | -57.6% |
| Amounts payable within one year | 42/48 | €24,749 | €10,505 | -€14,245 | -57.6% |
| Trade debts | 44 | - | €505 | +€505 | |
| Suppliers | 440/4 | - | €505 | +€505 | |
| Taxes, remuneration and social security | 45 | €18,916 | €3,011 | -€15,906 | -84.1% |
| Taxes | 450/3 | €18,916 | €3,011 | -€15,906 | -84.1% |
| Other amounts payable | 47/48 | €5,833 | €6,989 | +€1,156 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659 | €659 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €951 | +€423 | +80.1% |
| Gross operating margin | 9900 | €75,466 | €46,755 | -€28,711 | -38.0% |
| Operating profit (loss) | 9901 | €74,279 | €45,145 | -€29,133 | -39.2% |
| Financial income | 75/76B | €12,687 | €1,192 | -€11,495 | -90.6% |
| Recurring financial income | 75 | €12,687 | €1,192 | -€11,495 | -90.6% |
| Financial charges | 65/66B | - | €363 | +€363 | |
| Recurring financial charges | 65 | - | €363 | +€363 | |
| Profit (loss) for the period before taxes | 9903 | €86,966 | €45,974 | -€40,991 | -47.1% |
| Income taxes | 67/77 | €26,712 | €15,161 | -€11,551 | -43.2% |
| Profit (loss) for the period | 9904 | €60,254 | €30,813 | -€29,440 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,254 | €30,813 | -€29,440 | -48.9% |
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.