BOOGAERTS: 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
BOOGAERTS
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€40,089
2024 · -€42,739+€2,650
Equity
€680,630
2024 · €720,720-€40,089
Cash
€44,467
2024 · €48,167-€3,701
Balance sheet total
€784,610
2024 · €818,214-€33,604
Largest movements
Assets
- Stocks and contracts -€25,121
down €25,121 (-5.9%), from €424,332 to €399,211
- Intangible fixed assets -€12,951
down €12,951 (-15.0%), from €86,431 to €73,480
- Receivables within one year +€12,200
up €12,200 (+26.4%), from €46,126 to €58,327
Equity and liabilities
- Reserves -€40,089
down €40,089 (-8.5%), from €470,720 to €430,630
of which Distributable reserves: -€40,089
Income statement
- Gross operating margin +€28,651
up €28,651 (+11.2%), from €256,031 to €284,682
- Staff costs +€19,629
up €19,629 (+9.0%), from €217,363 to €236,992
- Other operating charges +€8,672
up €8,672 (+27.8%), from €31,139 to €39,811
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
-€42,739
Gross operating margin
+€28,651
Staff costs
-€19,629
Depreciation
-€220
Other operating charges
-€8,672
Financial income
+€720
Financial charges
+€1,794
Taxes
+€5
Result 2025
-€40,089
raises the resultlowers the result
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.
From operations
+€26,254
Investment
-€29,955
Financing
€0
Cash 2024
€48,167
From operations (derived)
+€26,254
Net result for the year
-€40,089
Depreciation
+€47,975
Stocks and contracts
+€25,121
Receivables within one year
-€12,200
Deferred charges and accrued income
-€1,038
Trade debts
+€1,468
Tax, wage and social debts
+€272
Advances received
+€4,059
Other debts
+€2,260
Accrued charges and deferred income
-€1,574
Investment (derived)
-€29,955
Investment in fixed assets (net)
-€29,955
Cash 2025
€44,467
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €818,214 | €784,610 | -€33,604 | -4.1% |
| Fixed assets | 21/28 | €299,588 | €281,568 | -€18,020 | -6.0% |
| Intangible fixed assets | 21 | €86,431 | €73,480 | -€12,951 | -15.0% |
| Tangible fixed assets | 22/27 | €213,157 | €208,088 | -€5,069 | -2.4% |
| Land and buildings | 22 | €212,735 | €178,776 | -€33,959 | -16.0% |
| Plant, machinery and equipment | 23 | €422 | €5,962 | +€5,540 | +1,313% |
| Furniture and vehicles | 24 | - | €23,350 | +€23,350 | |
| Current assets | 29/58 | €518,626 | €503,042 | -€15,584 | -3.0% |
| Stocks and contracts in progress | 3 | €424,332 | €399,211 | -€25,121 | -5.9% |
| Stocks | 30/36 | €424,332 | €399,211 | -€25,121 | -5.9% |
| Amounts receivable within one year | 40/41 | €46,126 | €58,327 | +€12,200 | +26.4% |
| Trade receivables | 40 | €46,126 | €58,327 | +€12,200 | +26.4% |
| Cash at bank and in hand | 54/58 | €48,167 | €44,467 | -€3,701 | -7.7% |
| Deferred charges and accrued income | 490/1 | - | €1,038 | +€1,038 | |
| Total equity and liabilities | 10/49 | €818,214 | €784,610 | -€33,604 | -4.1% |
| Equity | 10/15 | €720,720 | €680,630 | -€40,089 | -5.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €470,720 | €430,630 | -€40,089 | -8.5% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,950 | €22,950 | = | 0.0% |
| Distributable reserves | 133 | €422,770 | €382,680 | -€40,089 | -9.5% |
| Amounts payable | 17/49 | €97,495 | €103,980 | +€6,485 | +6.7% |
| Amounts payable within one year | 42/48 | €93,997 | €102,056 | +€8,059 | +8.6% |
| Trade debts | 44 | €6,441 | €7,909 | +€1,468 | +22.8% |
| Suppliers | 440/4 | €6,441 | €7,909 | +€1,468 | +22.8% |
| Advances received on contracts in progress | 46 | €4,350 | €8,409 | +€4,059 | +93.3% |
| Taxes, remuneration and social security | 45 | €53,438 | €53,709 | +€272 | +0.5% |
| Taxes | 450/3 | €15,868 | €15,227 | -€641 | -4.0% |
| Remuneration and social security | 454/9 | €37,570 | €38,483 | +€913 | +2.4% |
| Other amounts payable | 47/48 | €29,768 | €32,028 | +€2,260 | +7.6% |
| Accrued charges and deferred income | 492/3 | €3,497 | €1,924 | -€1,574 | -45.0% |
| Remuneration, social security and pensions | 62 | €217,363 | €236,992 | +€19,629 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,755 | €47,975 | +€220 | +0.5% |
| Other operating charges | 640/8 | €31,139 | €39,811 | +€8,672 | +27.8% |
| Gross operating margin | 9900 | €256,031 | €284,682 | +€28,651 | +11.2% |
| Operating profit (loss) | 9901 | -€40,226 | -€40,096 | +€131 | +0.3% |
| Financial income | 75/76B | €1,892 | €2,612 | +€720 | +38.1% |
| Recurring financial income | 75 | €1,892 | €2,612 | +€720 | +38.1% |
| Financial charges | 65/66B | €4,237 | €2,443 | -€1,794 | -42.3% |
| Recurring financial charges | 65 | €4,237 | €2,443 | -€1,794 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | -€42,571 | -€39,926 | +€2,645 | +6.2% |
| Income taxes | 67/77 | €168 | €163 | -€5 | -3.1% |
| Profit (loss) for the period | 9904 | -€42,739 | -€40,089 | +€2,650 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,739 | -€40,089 | +€2,650 | +6.2% |
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 23 October 2026 via checked.be.