Boisblanc: 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.
Boisblanc
Largest movements
- Financial fixed assets +€4.9m
up €4.9m (+413%), from €1.2m to €6.1m
- Tangible fixed assets +€2.6m
up €2.6m (+78.2%), from €3.3m to €5.9m
of which Land and buildings: +€2.5m
- Cash -€2.4m
down €2.4m (-68.3%), from €3.6m to €1.1m
mainly Investment in fixed assets (net) (-€7.9m) and Current investments (-€1.8m)
- Current investments +€1.8m
up €1.8m (+373%), from €494,034 to €2.3m
- Receivables within one year +€848,670
up €848,670 (+101%), from €841,422 to €1.7m
of which Other amounts receivable: +€727,027
- Profit (loss) carried forward +€6.3m
up €6.3m (+116%), from €5.5m to €11.8m
- Debts after one year +€1.2m
up €1.2m (+38.1%), from €3.2m to €4.5m
- Financial income +€2.4m
up €2.4m (+1,509%), from €158,303 to €2.5m
- Gross operating margin -€410,128
down €410,128 (-8.2%), from €5.0m to €4.6m
- Taxes -€90,367
down €90,367 (-52.2%), from €173,259 to €82,892
- Depreciation +€56,613
up €56,613 (+17.2%), from €328,227 to €384,840
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 | €9,463,041 | €17,125,612 | +€7.7m | +81.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,479,170 | €11,962,239 | +€7.5m | +167% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,290,476 | €5,863,723 | +€2.6m | +78.2% |
| Land and buildings | 22 | €3,228,468 | €5,755,080 | +€2.5m | +78.3% |
| Furniture and vehicles | 24 | €62,008 | €108,643 | +€46,635 | +75.2% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,188,694 | €6,098,516 | +€4.9m | +413% |
| Current assets | 29/58 | €4,983,870 | €5,163,373 | +€179,503 | +3.6% |
| Amounts receivable within one year | 40/41 | €841,422 | €1,690,091 | +€848,670 | +101% |
| Trade receivables | 40 | €437,198 | €558,841 | +€121,643 | +27.8% |
| Other amounts receivable | 41 | €404,223 | €1,131,250 | +€727,027 | +180% |
| Current investments | 50/53 | €494,034 | €2,335,460 | +€1.8m | +373% |
| Cash at bank and in hand | 54/58 | €3,571,375 | €1,131,176 | -€2.4m | -68.3% |
| Deferred charges and accrued income | 490/1 | €77,040 | €6,646 | -€70,394 | -91.4% |
| Total equity and liabilities | 10/49 | €9,463,041 | €17,125,612 | +€7.7m | +81.0% |
| Equity | 10/15 | €5,474,852 | €11,799,632 | +€6.3m | +116% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €1,890 | €1,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,454,062 | €11,778,842 | +€6.3m | +116% |
| Amounts payable | 17/49 | €3,988,189 | €5,325,980 | +€1.3m | +33.5% |
| Amounts payable after more than one year | 17 | €3,229,453 | €4,459,296 | +€1.2m | +38.1% |
| Financial debts | 170/4 | €3,229,453 | €4,459,296 | +€1.2m | +38.1% |
| Amounts payable within one year | 42/48 | €758,736 | €866,684 | +€107,948 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €378,340 | €426,198 | +€47,857 | +12.6% |
| Credit institutions | 430/8 | €378,340 | €426,198 | +€47,857 | +12.6% |
| Trade debts | 44 | €92,720 | €134,398 | +€41,679 | +45.0% |
| Suppliers | 440/4 | €92,720 | €134,398 | +€41,679 | +45.0% |
| Taxes, remuneration and social security | 45 | €287,676 | €306,088 | +€18,412 | +6.4% |
| Taxes | 450/3 | €287,676 | €306,088 | +€18,412 | +6.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,098,800 | €4,098,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328,227 | €384,840 | +€56,613 | +17.2% |
| Other operating charges | 640/8 | €51,495 | €39,469 | -€12,026 | -23.4% |
| Non-recurring operating charges | 66A | - | €115,617 | +€115,617 | |
| Gross operating margin | 9900 | €4,977,028 | €4,566,900 | -€410,128 | -8.2% |
| Operating profit (loss) | 9901 | €4,597,305 | €4,026,973 | -€570,332 | -12.4% |
| Financial income | 75/76B | €158,303 | €2,547,624 | +€2.4m | +1,509% |
| Recurring financial income | 75 | €158,303 | €2,547,624 | +€2.4m | +1,509% |
| Financial charges | 65/66B | €180,011 | €166,926 | -€13,085 | -7.3% |
| Recurring financial charges | 65 | €180,011 | €166,926 | -€13,085 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €4,575,597 | €6,407,672 | +€1.8m | +40.0% |
| Income taxes | 67/77 | €173,259 | €82,892 | -€90,367 | -52.2% |
| Profit (loss) for the period | 9904 | €4,402,339 | €6,324,780 | +€1.9m | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,402,339 | €6,324,780 | +€1.9m | +43.7% |
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.