BOKSLAAR: what changed
Two fiscal 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.
BOKSLAAR
Largest movements
- Tangible fixed assets -€75,299
down €75,299 (-16.6%), from €453,171 to €377,872
of which Land and buildings: -€72,685
- Debts after one year -€87,626
down €87,626 (-18.7%), from €469,178 to €381,552
- Reserves +€11,967
up €11,967 (+9.2%), from €130,430 to €142,397
of which Distributable reserves: +€11,967
- Accrued charges and deferred income +€9,790
up €9,790 (+41.6%), from €23,525 to €33,315
- Financial charges -€9,041
down €9,041 (-23.5%), from €38,516 to €29,475
- Gross operating margin +€5,242
up €5,242 (+4.5%), from €117,196 to €122,437
- Other operating charges -€4,927
down €4,927 (-33.2%), from €14,836 to €9,909
- Taxes +€1,664
up €1,664, from €0 to €1,664
- Depreciation -€1,518
down €1,518 (-2.1%), from €71,940 to €70,422
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €968,675 | €899,130 | -€69,545 | -7.2% |
| Fixed assets | 21/28 | €939,995 | €864,696 | -€75,299 | -8.0% |
| Tangible fixed assets | 22/27 | €453,171 | €377,872 | -€75,299 | -16.6% |
| Land and buildings | 22 | €442,389 | €369,705 | -€72,685 | -16.4% |
| Plant, machinery and equipment | 23 | €2,097 | €0 | -€2,097 | -100.0% |
| Other tangible fixed assets | 26 | €8,684 | €8,168 | -€517 | -5.9% |
| Financial fixed assets | 28 | €486,824 | €486,824 | = | 0.0% |
| Current assets | 29/58 | €28,680 | €34,434 | +€5,753 | +20.1% |
| Amounts receivable within one year | 40/41 | €16,515 | €10,755 | -€5,760 | -34.9% |
| Trade receivables | 40 | - | €755 | +€755 | |
| Other amounts receivable | 41 | €16,515 | €10,000 | -€6,515 | -39.4% |
| Cash at bank and in hand | 54/58 | €12,165 | €21,449 | +€9,284 | +76.3% |
| Deferred charges and accrued income | 490/1 | €0 | €2,230 | +€2,230 | |
| Total equity and liabilities | 10/49 | €968,675 | €899,130 | -€69,545 | -7.2% |
| Equity | 10/15 | €136,630 | €148,597 | +€11,967 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,430 | €142,397 | +€11,967 | +9.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €128,570 | €140,537 | +€11,967 | +9.3% |
| Amounts payable | 17/49 | €832,044 | €750,532 | -€81,512 | -9.8% |
| Amounts payable after more than one year | 17 | €469,178 | €381,552 | -€87,626 | -18.7% |
| Financial debts | 170/4 | €469,178 | €381,552 | -€87,626 | -18.7% |
| Amounts payable within one year | 42/48 | €339,342 | €335,665 | -€3,676 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €84,476 | €87,626 | +€3,150 | +3.7% |
| Trade debts | 44 | €10,000 | €1,510 | -€8,490 | -84.9% |
| Suppliers | 440/4 | €10,000 | €1,510 | -€8,490 | -84.9% |
| Taxes, remuneration and social security | 45 | - | €1,664 | +€1,664 | |
| Taxes | 450/3 | - | €1,664 | +€1,664 | |
| Other amounts payable | 47/48 | €244,866 | €244,866 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €23,525 | €33,315 | +€9,790 | +41.6% |
| Non-recurring operating income | 76A | - | €4,123 | +€4,123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,940 | €70,422 | -€1,518 | -2.1% |
| Other operating charges | 640/8 | €14,836 | €9,909 | -€4,927 | -33.2% |
| Non-recurring operating charges | 66A | - | -€1,000 | -€1,000 | |
| Gross operating margin | 9900 | €117,196 | €122,437 | +€5,242 | +4.5% |
| Operating profit (loss) | 9901 | €30,420 | €43,106 | +€12,686 | +41.7% |
| Financial charges | 65/66B | €38,516 | €29,475 | -€9,041 | -23.5% |
| Recurring financial charges | 65 | €38,516 | €29,475 | -€9,041 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,096 | €13,631 | +€21,727 | |
| Income taxes | 67/77 | €0 | €1,664 | +€1,664 | |
| Profit (loss) for the period | 9904 | -€8,096 | €11,967 | +€20,063 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,096 | €11,967 | +€20,063 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.