BOIDEL: 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.
BOIDEL
Largest movements
- Tangible fixed assets -€51,421
down €51,421 (-6.6%), from €782,227 to €730,807
- Debts after one year -€46,482
down €46,482 (-8.6%), from €543,031 to €496,548
of which Financial debts: -€46,482
- Profit (loss) carried forward -€33,648
down €33,648 (-42.4%), from -€79,358 to -€113,006
- Short-term financial debts +€22,215
up €22,215 (+516%), from €4,304 to €26,519
- Gross operating margin -€13,232
down €13,232 (-25.3%), from €52,257 to €39,025
- Other operating charges -€8,137
down €8,137 (-44.4%), from €18,336 to €10,199
- Financial charges +€980
up €980 (+9.7%), from €10,128 to €11,108
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 | €785,607 | €731,930 | -€53,677 | -6.8% |
| Fixed assets | 21/28 | €782,227 | €730,807 | -€51,421 | -6.6% |
| Tangible fixed assets | 22/27 | €782,227 | €730,807 | -€51,421 | -6.6% |
| Land and buildings | 22 | €782,227 | €730,807 | -€51,421 | -6.6% |
| Current assets | 29/58 | €3,380 | €1,123 | -€2,256 | -66.8% |
| Amounts receivable within one year | 40/41 | €929 | €1,105 | +€175 | +18.8% |
| Other amounts receivable | 41 | €929 | €1,105 | +€175 | +18.8% |
| Cash at bank and in hand | 54/58 | €19 | €19 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,432 | - | -€2,432 | |
| Total equity and liabilities | 10/49 | €785,607 | €731,930 | -€53,677 | -6.8% |
| Equity | 10/15 | €122,742 | €89,094 | -€33,648 | -27.4% |
| Contributions | 10/11 | €202,100 | €202,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,358 | -€113,006 | -€33,648 | -42.4% |
| Amounts payable | 17/49 | €662,865 | €642,836 | -€20,030 | -3.0% |
| Amounts payable after more than one year | 17 | €543,031 | €496,548 | -€46,482 | -8.6% |
| Financial debts | 170/4 | €427,789 | €381,306 | -€46,482 | -10.9% |
| Other amounts payable | 178/9 | €115,242 | €115,242 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,714 | €138,926 | +€19,212 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €45,534 | €46,482 | +€949 | +2.1% |
| Financial debts | 43 | €4,304 | €26,519 | +€22,215 | +516% |
| Credit institutions | 430/8 | €4,304 | €26,519 | +€22,215 | +516% |
| Trade debts | 44 | €9,401 | €5,450 | -€3,951 | -42.0% |
| Suppliers | 440/4 | €9,401 | €5,450 | -€3,951 | -42.0% |
| Other amounts payable | 47/48 | €60,475 | €60,475 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €121 | €7,361 | +€7,241 | +6,004% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,421 | €51,421 | = | 0.0% |
| Other operating charges | 640/8 | €18,336 | €10,199 | -€8,137 | -44.4% |
| Gross operating margin | 9900 | €52,257 | €39,025 | -€13,232 | -25.3% |
| Operating profit (loss) | 9901 | -€17,500 | -€22,594 | -€5,095 | -29.1% |
| Financial income | 75/76B | €55 | €55 | +€0 | +0.8% |
| Recurring financial income | 75 | €55 | €55 | +€0 | +0.8% |
| Financial charges | 65/66B | €10,128 | €11,108 | +€980 | +9.7% |
| Recurring financial charges | 65 | €10,128 | €11,108 | +€980 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,573 | -€33,648 | -€6,075 | -22.0% |
| Profit (loss) for the period | 9904 | -€27,573 | -€33,648 | -€6,075 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,573 | -€33,648 | -€6,075 | -22.0% |
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 20 October 2026 via checked.be.