BOJADOR: 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.
BOJADOR
Largest movements
- Deferred charges and accrued income -€88,028
down €88,028 (-63.8%), from €138,073 to €50,045
- Cash +€9,490
up €9,490 (+11.3%), from €83,808 to €93,298
mainly Net result for the year (+€185,056) and Deferred charges and accrued income (+€88,028)
- Tangible fixed assets -€3,846
down €3,846 (-11.3%), from €33,901 to €30,055
of which Other tangible fixed assets: -€4,209
- Reserves -€70,018
down €70,018 (-27.5%), from €255,074 to €185,056
- Other debts -€10,588
no longer reported in 2025 (was €10,588)
- Gross operating margin -€20,185
down €20,185 (-7.5%), from €269,101 to €248,916
- Taxes -€4,741
down €4,741 (-7.7%), from €61,288 to €56,547
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 | €273,373 | €190,583 | -€82,790 | -30.3% |
| Fixed assets | 21/28 | €33,901 | €30,055 | -€3,846 | -11.3% |
| Tangible fixed assets | 22/27 | €33,901 | €30,055 | -€3,846 | -11.3% |
| Plant, machinery and equipment | 23 | €2,073 | €2,574 | +€501 | +24.2% |
| Furniture and vehicles | 24 | €515 | €378 | -€138 | -26.7% |
| Other tangible fixed assets | 26 | €31,313 | €27,104 | -€4,209 | -13.4% |
| Current assets | 29/58 | €239,472 | €160,528 | -€78,944 | -33.0% |
| Amounts receivable within one year | 40/41 | €17,590 | €17,184 | -€406 | -2.3% |
| Trade receivables | 40 | €1,748 | - | -€1,748 | |
| Other amounts receivable | 41 | €15,842 | €17,184 | +€1,342 | +8.5% |
| Cash at bank and in hand | 54/58 | €83,808 | €93,298 | +€9,490 | +11.3% |
| Deferred charges and accrued income | 490/1 | €138,073 | €50,045 | -€88,028 | -63.8% |
| Total equity and liabilities | 10/49 | €273,373 | €190,583 | -€82,790 | -30.3% |
| Equity | 10/15 | €255,174 | €185,156 | -€70,018 | -27.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €255,074 | €185,056 | -€70,018 | -27.5% |
| Distributable reserves | 133 | €255,074 | €185,056 | -€70,018 | -27.5% |
| Amounts payable | 17/49 | €18,199 | €5,428 | -€12,772 | -70.2% |
| Amounts payable within one year | 42/48 | €18,199 | €4,935 | -€13,265 | -72.9% |
| Trade debts | 44 | €4,111 | €3,768 | -€343 | -8.3% |
| Suppliers | 440/4 | €4,111 | €3,768 | -€343 | -8.3% |
| Taxes, remuneration and social security | 45 | €3,500 | €1,167 | -€2,333 | -66.7% |
| Taxes | 450/3 | €3,500 | €1,167 | -€2,333 | -66.7% |
| Other amounts payable | 47/48 | €10,588 | - | -€10,588 | |
| Accrued charges and deferred income | 492/3 | - | €493 | +€493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,196 | €5,894 | +€697 | +13.4% |
| Other operating charges | 640/8 | €1,074 | €1,155 | +€81 | +7.5% |
| Non-recurring operating charges | 66A | €1,815 | - | -€1,815 | |
| Gross operating margin | 9900 | €269,101 | €248,916 | -€20,185 | -7.5% |
| Operating profit (loss) | 9901 | €261,015 | €241,867 | -€19,148 | -7.3% |
| Financial income | 75/76B | €434 | €230 | -€204 | -47.0% |
| Recurring financial income | 75 | €434 | €230 | -€204 | -47.0% |
| Financial charges | 65/66B | €560 | €494 | -€66 | -11.8% |
| Recurring financial charges | 65 | €560 | €494 | -€66 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €260,889 | €241,603 | -€19,287 | -7.4% |
| Income taxes | 67/77 | €61,288 | €56,547 | -€4,741 | -7.7% |
| Profit (loss) for the period | 9904 | €199,601 | €185,056 | -€14,545 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €199,601 | €185,056 | -€14,545 | -7.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.