BOILER: 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.
BOILER
Largest movements
- Current investments -€233,359
down €233,359 (-7.9%), from €2.9m to €2.7m
- Reserves -€252,094
down €252,094 (-15.3%), from €1.6m to €1.4m
- Financial income +€28,313
up €28,313 (+52.9%), from €53,511 to €81,824
- Gross operating margin +€24,380
up €24,380, from -€22,703 to €1,677
- Taxes +€7,373
new in 2025: €7,373
- Other operating charges +€3,309
up €3,309 (+67.3%), from €4,916 to €8,225
- Financial charges +€454
up €454 (+147%), from €309 to €763
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 | €7,290,682 | €7,030,359 | -€260,323 | -3.6% |
| Fixed assets | 21/28 | €4,334,817 | €4,289,497 | -€45,320 | -1.0% |
| Tangible fixed assets | 22/27 | €4,334,817 | €4,289,497 | -€45,320 | -1.0% |
| Land and buildings | 22 | €4,332,641 | €4,289,497 | -€43,144 | -1.0% |
| Furniture and vehicles | 24 | €2,176 | €0 | -€2,176 | -100% |
| Current assets | 29/58 | €2,955,865 | €2,740,862 | -€215,003 | -7.3% |
| Amounts receivable within one year | 40/41 | €4,511 | €3,566 | -€945 | -20.9% |
| Other amounts receivable | 41 | €4,511 | €3,566 | -€945 | -20.9% |
| Current investments | 50/53 | €2,941,885 | €2,708,526 | -€233,359 | -7.9% |
| Cash at bank and in hand | 54/58 | €9,470 | €28,770 | +€19,300 | +204% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €7,290,682 | €7,030,359 | -€260,323 | -3.6% |
| Equity | 10/15 | €7,241,916 | €6,999,635 | -€242,281 | -3.3% |
| Contributions | 10/11 | €5,602,641 | €5,602,641 | = | 0.0% |
| Reserves | 13 | €1,649,088 | €1,396,994 | -€252,094 | -15.3% |
| Distributable reserves | 133 | €1,649,088 | €1,396,994 | -€252,094 | -15.3% |
| Profit (loss) carried forward | 14 | -€9,813 | €0 | +€9,813 | |
| Amounts payable | 17/49 | €48,766 | €30,724 | -€18,042 | -37.0% |
| Amounts payable within one year | 42/48 | €48,766 | €30,724 | -€18,042 | -37.0% |
| Trade debts | 44 | €181 | €0 | -€181 | -100% |
| Suppliers | 440/4 | €181 | €0 | -€181 | -100% |
| Taxes, remuneration and social security | 45 | - | €1,669 | +€1,669 | |
| Taxes | 450/3 | - | €1,669 | +€1,669 | |
| Other amounts payable | 47/48 | €48,584 | €29,055 | -€19,530 | -40.2% |
| Non-recurring operating income | 76A | - | €23,010 | +€23,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,594 | €2,176 | -€418 | -16.1% |
| Other operating charges | 640/8 | €4,916 | €8,225 | +€3,309 | +67.3% |
| Gross operating margin | 9900 | -€22,703 | €1,677 | +€24,380 | |
| Operating profit (loss) | 9901 | -€30,213 | -€8,724 | +€21,489 | +71.1% |
| Financial income | 75/76B | €53,511 | €81,824 | +€28,313 | +52.9% |
| Recurring financial income | 75 | €53,511 | €81,824 | +€28,313 | +52.9% |
| Financial charges | 65/66B | €309 | €763 | +€454 | +147% |
| Recurring financial charges | 65 | €309 | €763 | +€454 | +147% |
| Profit (loss) for the period before taxes | 9903 | €22,988 | €72,336 | +€49,348 | +215% |
| Income taxes | 67/77 | - | €7,373 | +€7,373 | |
| Profit (loss) for the period | 9904 | €22,988 | €64,963 | +€41,975 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €22,988 | €64,963 | +€41,975 | +183% |
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 29 October 2026 via checked.be.