BOITAGAND: 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.
BOITAGAND
Largest movements
- Tangible fixed assets -€17,113
down €17,113 (-5.1%), from €332,483 to €315,370
- Cash -€11,663
down €11,663 (-60.6%), from €19,254 to €7,591
mainly Debts after one year (-€24,574) and Deferred charges and accrued income (-€5,309)
- Deferred charges and accrued income +€5,309
up €5,309 (+163%), from €3,247 to €8,557
- Debts after one year -€24,574
down €24,574 (-59.3%), from €41,431 to €16,857
- Reserves +€3,800
up €3,800 (+17.9%), from €21,200 to €25,000
- Gross operating margin -€13,278
down €13,278 (-31.4%), from €42,347 to €29,069
- Taxes -€3,909
down €3,909 (-68.5%), from €5,704 to €1,795
- Financial charges -€799
down €799 (-29.3%), from €2,728 to €1,928
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 | €354,984 | €333,723 | -€21,261 | -6.0% |
| Fixed assets | 21/28 | €332,483 | €315,370 | -€17,113 | -5.1% |
| Tangible fixed assets | 22/27 | €332,483 | €315,370 | -€17,113 | -5.1% |
| Land and buildings | 22 | €332,483 | €315,370 | -€17,113 | -5.1% |
| Current assets | 29/58 | €22,501 | €18,353 | -€4,148 | -18.4% |
| Amounts receivable within one year | 40/41 | - | €2,205 | +€2,205 | |
| Other amounts receivable | 41 | - | €2,205 | +€2,205 | |
| Cash at bank and in hand | 54/58 | €19,254 | €7,591 | -€11,663 | -60.6% |
| Deferred charges and accrued income | 490/1 | €3,247 | €8,557 | +€5,309 | +163% |
| Total equity and liabilities | 10/49 | €354,984 | €333,723 | -€21,261 | -6.0% |
| Equity | 10/15 | €91,868 | €95,732 | +€3,864 | +4.2% |
| Contributions | 10/11 | €23,100 | €23,100 | = | 0.0% |
| Reserves | 13 | €21,200 | €25,000 | +€3,800 | +17.9% |
| Distributable reserves | 133 | €21,200 | €25,000 | +€3,800 | +17.9% |
| Profit (loss) carried forward | 14 | €47,568 | €47,632 | +€64 | +0.1% |
| Amounts payable | 17/49 | €263,117 | €237,991 | -€25,125 | -9.5% |
| Amounts payable after more than one year | 17 | €41,431 | €16,857 | -€24,574 | -59.3% |
| Financial debts | 170/4 | €41,431 | €16,857 | -€24,574 | -59.3% |
| Amounts payable within one year | 42/48 | €221,644 | €221,093 | -€551 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €23,747 | €24,574 | +€827 | +3.5% |
| Trade debts | 44 | - | €931 | +€931 | |
| Suppliers | 440/4 | - | €931 | +€931 | |
| Taxes, remuneration and social security | 45 | €2,204 | - | -€2,204 | |
| Taxes | 450/3 | €2,204 | - | -€2,204 | |
| Other amounts payable | 47/48 | €195,693 | €195,588 | -€105 | -0.1% |
| Accrued charges and deferred income | 492/3 | €42 | €42 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,447 | €17,113 | -€334 | -1.9% |
| Other operating charges | 640/8 | €4,236 | €4,368 | +€133 | +3.1% |
| Gross operating margin | 9900 | €42,347 | €29,069 | -€13,278 | -31.4% |
| Operating profit (loss) | 9901 | €20,664 | €7,587 | -€13,077 | -63.3% |
| Financial charges | 65/66B | €2,728 | €1,928 | -€799 | -29.3% |
| Recurring financial charges | 65 | €2,728 | €1,928 | -€799 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €17,937 | €5,659 | -€12,278 | -68.4% |
| Income taxes | 67/77 | €5,704 | €1,795 | -€3,909 | -68.5% |
| Profit (loss) for the period | 9904 | €12,232 | €3,864 | -€8,368 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,232 | €3,864 | -€8,368 | -68.4% |
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 15 October 2026 via checked.be.