Boitenspel: 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.
Boitenspel
Largest movements
- Cash +€27,259
up €27,259 (+35.1%), from €77,588 to €104,848
mainly Receivables within one year (+€19,569) and Net result for the year (+€4,435)
- Receivables within one year -€19,569
down €19,569 (-77.4%), from €25,268 to €5,699
of which Other amounts receivable: -€11,706
- Reserves +€4,435
up €4,435 (+6.5%), from €67,791 to €72,226
- Trade debts +€2,588
up €2,588 (+85.6%), from €3,024 to €5,612
- Accrued charges and deferred income -€1,200
down €1,200 (-46.2%), from €2,600 to €1,400
- Depreciation -€758
down €758 (-100%), from €758 to €0
- Gross operating margin +€737
up €737 (+8.7%), from €8,455 to €9,193
- Taxes +€404
up €404 (+20.0%), from €2,018 to €2,422
- Financial income -€353
down €353 (-100%), from €353 to €0
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 | €106,826 | €113,821 | +€6,994 | +6.5% |
| Fixed assets | 21/28 | €2,700 | €2,700 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €104,126 | €111,121 | +€6,994 | +6.7% |
| Amounts receivable within one year | 40/41 | €25,268 | €5,699 | -€19,569 | -77.4% |
| Trade receivables | 40 | €9,775 | €1,912 | -€7,863 | -80.4% |
| Other amounts receivable | 41 | €15,493 | €3,787 | -€11,706 | -75.6% |
| Cash at bank and in hand | 54/58 | €77,588 | €104,848 | +€27,259 | +35.1% |
| Deferred charges and accrued income | 490/1 | €1,270 | €574 | -€696 | -54.8% |
| Total equity and liabilities | 10/49 | €106,826 | €113,821 | +€6,994 | +6.5% |
| Equity | 10/15 | €97,791 | €102,226 | +€4,435 | +4.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €67,791 | €72,226 | +€4,435 | +6.5% |
| Distributable reserves | 133 | €67,791 | €72,226 | +€4,435 | +6.5% |
| Amounts payable | 17/49 | €9,035 | €11,594 | +€2,559 | +28.3% |
| Amounts payable within one year | 42/48 | €6,435 | €10,194 | +€3,759 | +58.4% |
| Trade debts | 44 | €3,024 | €5,612 | +€2,588 | +85.6% |
| Suppliers | 440/4 | €3,024 | €5,612 | +€2,588 | +85.6% |
| Advances received on contracts in progress | 46 | €3,318 | €3,542 | +€224 | +6.8% |
| Taxes, remuneration and social security | 45 | €0 | €922 | +€922 | |
| Taxes | 450/3 | €0 | €922 | +€922 | |
| Other amounts payable | 47/48 | €94 | €118 | +€25 | +26.1% |
| Accrued charges and deferred income | 492/3 | €2,600 | €1,400 | -€1,200 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €758 | €0 | -€758 | -100% |
| Other operating charges | 640/8 | €2,085 | €2,098 | +€13 | +0.6% |
| Gross operating margin | 9900 | €8,455 | €9,193 | +€737 | +8.7% |
| Operating profit (loss) | 9901 | €5,612 | €7,095 | +€1,482 | +26.4% |
| Financial income | 75/76B | €353 | €0 | -€353 | -100% |
| Recurring financial income | 75 | €353 | €0 | -€353 | -100% |
| Financial charges | 65/66B | €266 | €237 | -€29 | -10.8% |
| Recurring financial charges | 65 | €266 | €237 | -€29 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €5,700 | €6,858 | +€1,158 | +20.3% |
| Income taxes | 67/77 | €2,018 | €2,422 | +€404 | +20.0% |
| Profit (loss) for the period | 9904 | €3,682 | €4,435 | +€754 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,682 | €4,435 | +€754 | +20.5% |
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 27 October 2026 via checked.be.