BOKS: 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.
What changed
BOKS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,878
2024 · €59,096-€20,218
Equity
€1.0m
2024 · €962,038+€38,878
Cash
€91,651
2024 · €108,664-€17,013
Balance sheet total
€2.9m
2024 · €2.9m-€54,513
Largest movements
Assets
- Tangible fixed assets -€53,889
down €53,889 (-2.1%), from €2.6m to €2.5m
Equity and liabilities
- Debts after one year -€89,842
down €89,842 (-8.1%), from €1.1m to €1.0m
- Reserves +€38,878
up €38,878 (+4.3%), from €900,038 to €938,916
of which Distributable reserves: +€71,852
Income statement
- Taxes +€21,017
up €21,017 (+716.5%), from €2,933 to €23,951
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.
Result 2024
€59,096
Gross operating margin
+€353
Depreciation
-€0
Other operating charges
-€358
Financial income
-€0
Financial charges
+€805
Taxes
-€21,017
Result 2025
€38,878
Cash bridge derived
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.
From operations
+€71,734
Investment
€0
Financing
-€88,747
Cash 2024
€108,664
From operations (derived)
+€71,734
Net result for the year
+€38,878
Depreciation
+€53,889
Receivables within one year
-€16,049
Deferred charges and accrued income
-€340
Provisions
-€10,991
Trade debts
-€641
Tax, wage and social debts
-€2,933
Other debts
+€9,922
Financing
-€88,747
Debts after one year
-€89,842
Current portion of long-term debt
+€1,095
Cash 2025
€91,651
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,946,260 | €2,891,748 | -€54,513 | -1.9% |
| Fixed assets | 21/28 | €2,826,763 | €2,772,873 | -€53,889 | -1.9% |
| Tangible fixed assets | 22/27 | €2,551,763 | €2,497,873 | -€53,889 | -2.1% |
| Land and buildings | 22 | €2,551,763 | €2,497,873 | -€53,889 | -2.1% |
| Financial fixed assets | 28 | €275,000 | €275,000 | = | 0.0% |
| Current assets | 29/58 | €119,498 | €118,874 | -€624 | -0.5% |
| Amounts receivable within one year | 40/41 | - | €16,049 | +€16,049 | |
| Other amounts receivable | 41 | - | €16,049 | +€16,049 | |
| Cash at bank and in hand | 54/58 | €108,664 | €91,651 | -€17,013 | -15.7% |
| Deferred charges and accrued income | 490/1 | €10,834 | €11,174 | +€340 | +3.1% |
| Total equity and liabilities | 10/49 | €2,946,260 | €2,891,748 | -€54,513 | -1.9% |
| Equity | 10/15 | €962,038 | €1,000,916 | +€38,878 | +4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €900,038 | €938,916 | +€38,878 | +4.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €846,931 | €813,957 | -€32,974 | -3.9% |
| Distributable reserves | 133 | €46,906 | €118,759 | +€71,852 | +153.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €282,310 | €271,319 | -€10,991 | -3.9% |
| Deferred taxes | 168 | €282,310 | €271,319 | -€10,991 | -3.9% |
| Amounts payable | 17/49 | €1,701,912 | €1,619,513 | -€82,400 | -4.8% |
| Amounts payable after more than one year | 17 | €1,113,487 | €1,023,645 | -€89,842 | -8.1% |
| Financial debts | 170/4 | €1,113,487 | €1,023,645 | -€89,842 | -8.1% |
| Amounts payable within one year | 42/48 | €588,425 | €595,867 | +€7,442 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €88,747 | €89,842 | +€1,095 | +1.2% |
| Trade debts | 44 | €641 | €0 | -€641 | -100.0% |
| Suppliers | 440/4 | €641 | €0 | -€641 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,933 | €0 | -€2,933 | -100.0% |
| Taxes | 450/3 | €2,933 | €0 | -€2,933 | -100.0% |
| Other amounts payable | 47/48 | €496,103 | €506,025 | +€9,922 | +2.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,889 | €53,889 | +€0 | 0.0% |
| Other operating charges | 640/8 | €11,909 | €12,268 | +€358 | +3.0% |
| Gross operating margin | 9900 | €141,373 | €141,727 | +€353 | +0.2% |
| Operating profit (loss) | 9901 | €75,575 | €75,570 | -€5 | 0.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €24,537 | €23,732 | -€805 | -3.3% |
| Recurring financial charges | 65 | €24,537 | €23,732 | -€805 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €51,038 | €51,838 | +€799 | +1.6% |
| Transfer from deferred taxes | 780 | €10,991 | €10,991 | = | 0.0% |
| Income taxes | 67/77 | €2,933 | €23,951 | +€21,017 | +716.5% |
| Profit (loss) for the period | 9904 | €59,096 | €38,878 | -€20,218 | -34.2% |
| Transfer from tax-exempt reserves | 789 | €32,974 | €32,974 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,071 | €71,852 | -€20,218 | -22.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.