BOMAX: 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.
BOMAX
Largest movements
- Current investments -€289,956
no longer reported in 2025 (was €289,956)
- Cash +€220,419
up €220,419 (+26.8%), from €822,419 to €1.0m
mainly Current investments (+€289,956) and Net result for the year (+€115,559)
- Receivables after one year +€190,628
up €190,628 (+740.7%), from €25,735 to €216,363
- Reserves +€115,559
up €115,559 (+7.2%), from €1.6m to €1.7m
- Debts after one year -€39,979
down €39,979 (-15.8%), from €252,851 to €212,871
- Tax, wage and social debts +€36,869
up €36,869 (+487.2%), from €7,567 to €44,437
- Financial income -€332,527
down €332,527 (-72.7%), from €457,282 to €124,755
of which Non-recurring financial income: -€438,675
- Taxes +€38,641
up €38,641 (+116.3%), from €33,228 to €71,869
- Gross operating margin +€22,422
up €22,422 (+15.9%), from €140,796 to €163,218
- Depreciation +€9,722
up €9,722 (+11.6%), from €83,460 to €93,182
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 | €2,662,568 | €2,770,330 | +€107,762 | +4.0% |
| Fixed assets | 21/28 | €1,261,707 | €1,251,203 | -€10,504 | -0.8% |
| Tangible fixed assets | 22/27 | €1,261,414 | €1,250,910 | -€10,504 | -0.8% |
| Land and buildings | 22 | €1,187,608 | €1,204,361 | +€16,753 | +1.4% |
| Furniture and vehicles | 24 | €73,806 | €46,549 | -€27,257 | -36.9% |
| Financial fixed assets | 28 | €293 | €293 | = | 0.0% |
| Current assets | 29/58 | €1,400,861 | €1,519,128 | +€118,266 | +8.4% |
| Amounts receivable after more than one year | 29 | €25,735 | €216,363 | +€190,628 | +740.7% |
| Other amounts receivable | 291 | €25,735 | €216,363 | +€190,628 | +740.7% |
| Stocks and contracts in progress | 3 | €254,594 | €254,594 | = | 0.0% |
| Stocks | 30/36 | €254,594 | €254,594 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,760 | €1,760 | = | 0.0% |
| Other amounts receivable | 41 | €1,760 | €1,760 | = | 0.0% |
| Current investments | 50/53 | €289,956 | - | -€289,956 | |
| Cash at bank and in hand | 54/58 | €822,419 | €1,042,838 | +€220,419 | +26.8% |
| Deferred charges and accrued income | 490/1 | €6,397 | €3,573 | -€2,824 | -44.1% |
| Total equity and liabilities | 10/49 | €2,662,568 | €2,770,330 | +€107,762 | +4.0% |
| Equity | 10/15 | €1,948,341 | €2,063,900 | +€115,559 | +5.9% |
| Reserves | 13 | €1,610,155 | €1,725,714 | +€115,559 | +7.2% |
| Tax-exempt reserves | 132 | €1,610,155 | €1,725,714 | +€115,559 | +7.2% |
| Profit (loss) carried forward | 14 | €338,186 | €338,186 | = | 0.0% |
| Provisions and deferred taxes | 16 | €377,694 | €366,280 | -€11,413 | -3.0% |
| Deferred taxes | 168 | €377,694 | €366,280 | -€11,413 | -3.0% |
| Amounts payable | 17/49 | €336,533 | €340,150 | +€3,617 | +1.1% |
| Amounts payable after more than one year | 17 | €252,851 | €212,871 | -€39,979 | -15.8% |
| Financial debts | 170/4 | €252,851 | €212,871 | -€39,979 | -15.8% |
| Amounts payable within one year | 42/48 | €83,682 | €125,493 | +€41,810 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €39,345 | €40,012 | +€667 | +1.7% |
| Trade debts | 44 | €24,200 | €26,974 | +€2,774 | +11.5% |
| Suppliers | 440/4 | €24,200 | €26,974 | +€2,774 | +11.5% |
| Advances received on contracts in progress | 46 | €12,570 | €14,070 | +€1,500 | +11.9% |
| Taxes, remuneration and social security | 45 | €7,567 | €44,437 | +€36,869 | +487.2% |
| Taxes | 450/3 | €7,567 | €44,437 | +€36,869 | +487.2% |
| Accrued charges and deferred income | 492/3 | - | €1,786 | +€1,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,460 | €93,182 | +€9,722 | +11.6% |
| Other operating charges | 640/8 | €11,299 | €12,631 | +€1,332 | +11.8% |
| Gross operating margin | 9900 | €140,796 | €163,218 | +€22,422 | +15.9% |
| Operating profit (loss) | 9901 | €46,037 | €57,405 | +€11,368 | +24.7% |
| Financial income | 75/76B | €457,282 | €124,755 | -€332,527 | -72.7% |
| Recurring financial income | 75 | €18,607 | €124,755 | +€106,148 | +570.5% |
| Non-recurring financial income | 76B | €438,675 | - | -€438,675 | |
| Financial charges | 65/66B | €7,166 | €6,144 | -€1,021 | -14.3% |
| Recurring financial charges | 65 | €7,166 | €6,144 | -€1,021 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €496,153 | €176,015 | -€320,138 | -64.5% |
| Transfer from deferred taxes | 780 | €13,411 | €11,413 | -€1,998 | -14.9% |
| Transfer to deferred taxes | 680 | €109,669 | - | -€109,669 | |
| Income taxes | 67/77 | €33,228 | €71,869 | +€38,641 | +116.3% |
| Profit (loss) for the period | 9904 | €366,667 | €115,559 | -€251,108 | -68.5% |
| Transfer from tax-exempt reserves | 789 | €32,242 | €34,240 | +€1,998 | +6.2% |
| Transfer to tax-exempt reserves | 689 | €329,006 | - | -€329,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,903 | €149,799 | +€79,896 | +114.3% |
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 2 October 2026 via checked.be.