BOON ART GALLERY: 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.
BOON ART GALLERY
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+41.3%), from €4.1m to €5.8m
of which Land and buildings: +€1.7m
- Cash -€158,098
down €158,098 (-57.1%), from €276,945 to €118,847
mainly Investment in fixed assets (net) (-€2.0m) and Stocks and contracts (-€97,697)
- Stocks and contracts +€97,697
up €97,697 (+54.1%), from €180,729 to €278,425
- Debts after one year +€1.3m
up €1.3m (+37.9%), from €3.3m to €4.6m
- Short-term financial debts +€200,000
new in 2025: €200,000
- Profit (loss) carried forward +€123,200
up €123,200 (+13.0%), from €945,553 to €1.1m
- Depreciation -€33,088
down €33,088 (-8.8%), from €374,752 to €341,664
- Financial charges +€17,841
up €17,841 (+16.6%), from €107,502 to €125,344
- Gross operating margin -€10,151
down €10,151 (-1.5%), from €662,869 to €652,718
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,539,991 | €6,163,786 | +€1.6m | +35.8% |
| Fixed assets | 21/28 | €4,073,272 | €5,755,336 | +€1.7m | +41.3% |
| Tangible fixed assets | 22/27 | €4,073,272 | €5,755,336 | +€1.7m | +41.3% |
| Land and buildings | 22 | €4,037,253 | €5,737,840 | +€1.7m | +42.1% |
| Plant, machinery and equipment | 23 | €6,015 | €5,150 | -€865 | -14.4% |
| Furniture and vehicles | 24 | €30,003 | €12,346 | -€17,658 | -58.9% |
| Current assets | 29/58 | €466,719 | €408,451 | -€58,269 | -12.5% |
| Stocks and contracts in progress | 3 | €180,729 | €278,425 | +€97,697 | +54.1% |
| Stocks | 30/36 | €180,729 | €278,425 | +€97,697 | +54.1% |
| Amounts receivable within one year | 40/41 | €2,371 | €3,164 | +€793 | +33.5% |
| Other amounts receivable | 41 | €2,371 | €3,164 | +€793 | +33.5% |
| Cash at bank and in hand | 54/58 | €276,945 | €118,847 | -€158,098 | -57.1% |
| Deferred charges and accrued income | 490/1 | €6,675 | €8,014 | +€1,339 | +20.1% |
| Total equity and liabilities | 10/49 | €4,539,991 | €6,163,786 | +€1.6m | +35.8% |
| Equity | 10/15 | €966,013 | €1,089,213 | +€123,200 | +12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €945,553 | €1,068,753 | +€123,200 | +13.0% |
| Amounts payable | 17/49 | €3,573,978 | €5,074,573 | +€1.5m | +42.0% |
| Amounts payable after more than one year | 17 | €3,323,556 | €4,584,470 | +€1.3m | +37.9% |
| Financial debts | 170/4 | €3,323,556 | €4,584,470 | +€1.3m | +37.9% |
| Amounts payable within one year | 42/48 | €250,422 | €490,103 | +€239,681 | +95.7% |
| Current portion of amounts payable after more than one year | 42 | €181,258 | €239,086 | +€57,828 | +31.9% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €5,575 | €8,212 | +€2,637 | +47.3% |
| Suppliers | 440/4 | €5,575 | €8,212 | +€2,637 | +47.3% |
| Taxes, remuneration and social security | 45 | €63,589 | €42,805 | -€20,784 | -32.7% |
| Taxes | 450/3 | €63,589 | €42,805 | -€20,784 | -32.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374,752 | €341,664 | -€33,088 | -8.8% |
| Other operating charges | 640/8 | €19,108 | €21,686 | +€2,578 | +13.5% |
| Gross operating margin | 9900 | €662,869 | €652,718 | -€10,151 | -1.5% |
| Operating profit (loss) | 9901 | €269,010 | €289,368 | +€20,359 | +7.6% |
| Financial income | 75/76B | €2,803 | €155 | -€2,648 | -94.5% |
| Recurring financial income | 75 | €2,803 | €155 | -€2,648 | -94.5% |
| Financial charges | 65/66B | €107,502 | €125,344 | +€17,841 | +16.6% |
| Recurring financial charges | 65 | €107,502 | €125,344 | +€17,841 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €164,311 | €164,180 | -€131 | -0.1% |
| Income taxes | 67/77 | €41,418 | €40,980 | -€438 | -1.1% |
| Profit (loss) for the period | 9904 | €122,892 | €123,200 | +€308 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €122,892 | €123,200 | +€308 | +0.3% |
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 20 October 2026 via checked.be.