BOISELEC: 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.
BOISELEC
Largest movements
- Current investments +€280,000
new in 2025: €280,000
- Receivables within one year -€96,121
down €96,121 (-56.8%), from €169,295 to €73,174
of which Other amounts receivable: -€88,506
- Tangible fixed assets -€20,635
down €20,635 (-28.9%), from €71,491 to €50,857
of which Furniture and vehicles: -€15,923
- Cash +€18,795
up €18,795 (+95.2%), from €19,733 to €38,528
mainly Other debts (+€195,246) and Receivables within one year (+€96,121)
- Profit (loss) carried forward -€287,821
down €287,821, from €282,774 to -€5,047
- Reserves +€280,000
up €280,000 (+4,107%), from €6,818 to €286,818
of which Non-distributable reserves: +€280,000
- Other debts +€195,246
new in 2025: €195,246
- Debts after one year -€6,380
down €6,380 (-26.1%), from €24,456 to €18,077
of which Financial debts: -€6,380
- Tax, wage and social debts +€5,773
up €5,773 (+17.3%), from €33,383 to €39,156
- Depreciation -€11,424
down €11,424 (-35.6%), from €32,058 to €20,635
- Other operating charges +€8,098
up €8,098 (+732%), from €1,107 to €9,204
- Financial income -€3,972
down €3,972 (-100.0%), from €3,972 to €0
- Staff costs +€3,332
up €3,332 (+7.8%), from €42,563 to €45,896
- Gross operating margin +€2,572
up €2,572 (+3.7%), from €69,518 to €72,090
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 | €376,580 | €561,320 | +€184,740 | +49.1% |
| Fixed assets | 21/28 | €153,052 | €132,418 | -€20,635 | -13.5% |
| Intangible fixed assets | 21 | €81,511 | €81,511 | = | 0.0% |
| Tangible fixed assets | 22/27 | €71,491 | €50,857 | -€20,635 | -28.9% |
| Land and buildings | 22 | €51,046 | €46,334 | -€4,712 | -9.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €20,445 | €4,523 | -€15,923 | -77.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €223,527 | €428,902 | +€205,374 | +91.9% |
| Stocks and contracts in progress | 3 | €34,500 | €37,200 | +€2,700 | +7.8% |
| Stocks | 30/36 | €34,500 | €37,200 | +€2,700 | +7.8% |
| Amounts receivable within one year | 40/41 | €169,295 | €73,174 | -€96,121 | -56.8% |
| Trade receivables | 40 | €33,803 | €26,188 | -€7,615 | -22.5% |
| Other amounts receivable | 41 | €135,491 | €46,985 | -€88,506 | -65.3% |
| Current investments | 50/53 | - | €280,000 | +€280,000 | |
| Cash at bank and in hand | 54/58 | €19,733 | €38,528 | +€18,795 | +95.2% |
| Total equity and liabilities | 10/49 | €376,580 | €561,320 | +€184,740 | +49.1% |
| Equity | 10/15 | €308,191 | €300,371 | -€7,821 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €6,818 | €286,818 | +€280,000 | +4,107% |
| Non-distributable reserves | 130/1 | €1,860 | €281,860 | +€280,000 | +15,054% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | - | €280,000 | +€280,000 | |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,774 | -€5,047 | -€287,821 | |
| Amounts payable | 17/49 | €68,388 | €260,949 | +€192,561 | +282% |
| Amounts payable after more than one year | 17 | €24,456 | €18,077 | -€6,380 | -26.1% |
| Financial debts | 170/4 | €19,731 | €13,352 | -€6,380 | -32.3% |
| Other amounts payable | 178/9 | €4,725 | €4,725 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,932 | €242,872 | +€198,940 | +453% |
| Current portion of amounts payable after more than one year | 42 | €7,797 | €7,856 | +€60 | +0.8% |
| Trade debts | 44 | €2,753 | €614 | -€2,138 | -77.7% |
| Suppliers | 440/4 | €2,753 | €614 | -€2,138 | -77.7% |
| Taxes, remuneration and social security | 45 | €33,383 | €39,156 | +€5,773 | +17.3% |
| Taxes | 450/3 | €33,383 | €39,156 | +€5,773 | +17.3% |
| Other amounts payable | 47/48 | - | €195,246 | +€195,246 | |
| Remuneration, social security and pensions | 62 | €42,563 | €45,896 | +€3,332 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,058 | €20,635 | -€11,424 | -35.6% |
| Other operating charges | 640/8 | €1,107 | €9,204 | +€8,098 | +732% |
| Gross operating margin | 9900 | €69,518 | €72,090 | +€2,572 | +3.7% |
| Operating profit (loss) | 9901 | -€6,210 | -€3,644 | +€2,565 | +41.3% |
| Financial income | 75/76B | €3,972 | €0 | -€3,972 | -100.0% |
| Recurring financial income | 75 | €3,972 | €0 | -€3,972 | -100.0% |
| Financial charges | 65/66B | €4,412 | €4,016 | -€395 | -9.0% |
| Recurring financial charges | 65 | €4,412 | €4,016 | -€395 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,650 | -€7,661 | -€1,011 | -15.2% |
| Income taxes | 67/77 | €154 | €160 | +€6 | +3.9% |
| Profit (loss) for the period | 9904 | -€6,804 | -€7,821 | -€1,017 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,804 | -€7,821 | -€1,017 | -14.9% |
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 20 October 2026 via checked.be.