BOOGAERTS: 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.
BOOGAERTS
Largest movements
- Receivables within one year +€83,169
up €83,169 (+44.3%), from €187,944 to €271,113
of which Trade receivables: +€80,870
- Tangible fixed assets +€41,167
up €41,167 (+74.9%), from €54,949 to €96,116
of which Leasing and similar rights: +€57,000
- Deferred charges and accrued income -€18,726
down €18,726 (-53.6%), from €34,966 to €16,240
- Trade debts +€146,088
up €146,088 (+151.8%), from €96,237 to €242,325
- Profit (loss) carried forward -€53,941
down €53,941 (-27.3%), from -€197,233 to -€251,174
- Current portion of long-term debt +€24,138
up €24,138 (+109.0%), from €22,148 to €46,286
- Debts after one year -€17,565
down €17,565 (-16.9%), from €103,927 to €86,362
of which Financial debts: -€59,169
- Other debts -€11,402
down €11,402 (-85.6%), from €13,321 to €1,919
- Gross operating margin +€23,875
up €23,875 (+6.8%), from €349,493 to €373,368
- Staff costs -€16,530
down €16,530 (-4.6%), from €360,147 to €343,617
- Financial charges +€6,328
up €6,328 (+28.0%), from €22,579 to €28,907
- Depreciation +€5,886
up €5,886 (+20.6%), from €28,521 to €34,408
- Taxes -€4,208
down €4,208, from €2,787 to -€1,421
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 | €463,306 | €565,982 | +€102,675 | +22.2% |
| Fixed assets | 21/28 | €67,805 | €107,398 | +€39,593 | +58.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €54,949 | €96,116 | +€41,167 | +74.9% |
| Plant, machinery and equipment | 23 | €43,444 | €29,934 | -€13,509 | -31.1% |
| Furniture and vehicles | 24 | €11,505 | €9,182 | -€2,323 | -20.2% |
| Leasing and similar rights | 25 | - | €57,000 | +€57,000 | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €12,856 | €11,281 | -€1,575 | -12.2% |
| Current assets | 29/58 | €395,502 | €458,584 | +€63,083 | +16.0% |
| Stocks and contracts in progress | 3 | €168,815 | €168,815 | = | 0.0% |
| Stocks | 30/36 | €168,815 | €168,815 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €187,944 | €271,113 | +€83,169 | +44.3% |
| Trade receivables | 40 | €180,798 | €261,668 | +€80,870 | +44.7% |
| Other amounts receivable | 41 | €7,145 | €9,445 | +€2,300 | +32.2% |
| Cash at bank and in hand | 54/58 | €3,777 | €2,416 | -€1,361 | -36.0% |
| Deferred charges and accrued income | 490/1 | €34,966 | €16,240 | -€18,726 | -53.6% |
| Total equity and liabilities | 10/49 | €463,306 | €565,982 | +€102,675 | +22.2% |
| Equity | 10/15 | -€40,102 | -€94,043 | -€53,941 | -134.5% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €129,863 | €129,863 | = | 0.0% |
| Distributable reserves | 133 | €129,863 | €129,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,233 | -€251,174 | -€53,941 | -27.3% |
| Amounts payable | 17/49 | €503,409 | €660,025 | +€156,616 | +31.1% |
| Amounts payable after more than one year | 17 | €103,927 | €86,362 | -€17,565 | -16.9% |
| Financial debts | 170/4 | €103,927 | €44,758 | -€59,169 | -56.9% |
| Other amounts payable | 178/9 | - | €41,604 | +€41,604 | |
| Amounts payable within one year | 42/48 | €399,482 | €569,742 | +€170,260 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €22,148 | €46,286 | +€24,138 | +109.0% |
| Financial debts | 43 | €228,993 | €240,245 | +€11,252 | +4.9% |
| Credit institutions | 430/8 | €228,993 | €240,245 | +€11,252 | +4.9% |
| Trade debts | 44 | €96,237 | €242,325 | +€146,088 | +151.8% |
| Suppliers | 440/4 | €96,237 | €242,325 | +€146,088 | +151.8% |
| Taxes, remuneration and social security | 45 | €38,781 | €38,966 | +€185 | +0.5% |
| Taxes | 450/3 | €15,803 | €9,960 | -€5,844 | -37.0% |
| Remuneration and social security | 454/9 | €22,978 | €29,006 | +€6,028 | +26.2% |
| Other amounts payable | 47/48 | €13,321 | €1,919 | -€11,402 | -85.6% |
| Accrued charges and deferred income | 492/3 | - | €3,921 | +€3,921 | |
| Remuneration, social security and pensions | 62 | €360,147 | €343,617 | -€16,530 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,521 | €34,408 | +€5,886 | +20.6% |
| Other operating charges | 640/8 | €634 | €2,637 | +€2,003 | +315.9% |
| Non-recurring operating charges | 66A | €22,169 | €20,261 | -€1,908 | -8.6% |
| Gross operating margin | 9900 | €349,493 | €373,368 | +€23,875 | +6.8% |
| Operating profit (loss) | 9901 | -€61,979 | -€27,556 | +€34,423 | +55.5% |
| Financial income | 75/76B | €385 | €1,101 | +€716 | +186.0% |
| Recurring financial income | 75 | €385 | €1,101 | +€716 | +186.0% |
| Financial charges | 65/66B | €22,579 | €28,907 | +€6,328 | +28.0% |
| Recurring financial charges | 65 | €22,579 | €28,907 | +€6,328 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | -€84,173 | -€55,361 | +€28,811 | +34.2% |
| Income taxes | 67/77 | €2,787 | -€1,421 | -€4,208 | |
| Profit (loss) for the period | 9904 | -€86,960 | -€53,941 | +€33,019 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,960 | -€53,941 | +€33,019 | +38.0% |
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 9 October 2026 via checked.be.