BOON - WEETS: 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
BOON - WEETS
NACE 17.210, Manufacture of paper and paper products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€281,760
2024 · €133,583+€148,177
Equity
€2.9m
2024 · €2.8m+€138,902
Cash
€136,278
2024 · €466,012-€329,734
Balance sheet total
€8.5m
2024 · €7.5m+€988,990
Largest movements
Assets
- Stocks and contracts +€1.8m
up €1.8m (+63.3%), from €2.9m to €4.7m
- Receivables within one year -€444,346
down €444,346 (-21.8%), from €2.0m to €1.6m
of which Trade receivables: -€437,338
- Cash -€329,734
down €329,734 (-70.8%), from €466,012 to €136,278
mainly Stocks and contracts (-€1.8m) and Trade debts (-€393,264)
Equity and liabilities
- Short-term financial debts +€1.3m
up €1.3m (+53.1%), from €2.5m to €3.8m
- Trade debts -€393,264
down €393,264 (-31.7%), from €1.2m to €849,138
- Debts after one year -€211,591
down €211,591 (-40.4%), from €523,765 to €312,174
- Reserves +€138,902
up €138,902 (+5.3%), from €2.6m to €2.8m
of which Distributable reserves: +€156,045
- Other debts +€98,520
up €98,520 (+780%), from €12,632 to €111,151
Income statement
- Goods and materials +€1.1m
up €1.1m (+11.8%), from €9.2m to €10.3m
of which Purchases: +€3.6m
- Turnover +€366,198
up €366,198 (+2.7%), from €13.5m to €13.8m
- Services and other goods +€142,974
up €142,974 (+10.1%), from €1.4m to €1.6m
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
€133,583
Turnover
+€366,198
Other operating income
+€9,265
Goods and materials
-€1.1m
Services and other goods
-€142,974
Staff costs
-€81,172
Depreciation
-€15,166
Other operating charges
-€4,498
Other operating items
+€1.1m
Financial income
+€8,545
Financial charges
+€72,440
Taxes
-€53,859
Result 2025
€281,760
raises the resultlowers the resultnot broken down further in the accounts
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
-€874,150
Investment
-€382,156
Financing
+€926,571
Cash 2024
€466,012
From operations (derived)
-€874,150
Net result for the year
+€281,760
Depreciation
+€373,388
Receivables after one year
+€82,000
Stocks and contracts
-€1.8m
Receivables within one year
+€444,346
Deferred charges and accrued income
-€6,262
Provisions
-€5,714
Trade debts
-€393,264
Tax, wage and social debts
+€75,536
Other debts
+€98,520
Accrued charges and deferred income
+€5,582
Investment (derived)
-€382,156
Investment in fixed assets (net)
-€382,155
Current investments
-€0
Financing
+€926,571
Debts after one year
-€211,591
Current portion of long-term debt
-€18,981
Short-term financial debts
+€1.3m
Contributions, distributions and other
-€142,857
Cash 2025
€136,278
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,461,665 | €8,450,655 | +€988,990 | +13.3% |
| Fixed assets | 21/28 | €1,883,057 | €1,891,824 | +€8,767 | +0.5% |
| Tangible fixed assets | 22/27 | €1,883,057 | €1,891,824 | +€8,767 | +0.5% |
| Land and buildings | 22 | €972,486 | €878,047 | -€94,439 | -9.7% |
| Plant, machinery and equipment | 23 | €900,821 | €997,330 | +€96,508 | +10.7% |
| Furniture and vehicles | 24 | €9,750 | €16,448 | +€6,698 | +68.7% |
| Current assets | 29/58 | €5,578,608 | €6,558,831 | +€980,222 | +17.6% |
| Amounts receivable after more than one year | 29 | €164,000 | €82,000 | -€82,000 | -50.0% |
| Trade receivables | 290 | €64,000 | €32,000 | -€32,000 | -50.0% |
| Other amounts receivable | 291 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Stocks and contracts in progress | 3 | €2,890,457 | €4,720,497 | +€1.8m | +63.3% |
| Stocks | 30/36 | €2,890,457 | €4,720,497 | +€1.8m | +63.3% |
| Raw materials and consumables | 30/31 | €2,028,963 | €3,642,174 | +€1.6m | +79.5% |
| Finished goods | 33 | €845,593 | €1,062,626 | +€217,033 | +25.7% |
| Goods purchased for resale | 34 | €15,901 | €15,697 | -€205 | -1.3% |
| Amounts receivable within one year | 40/41 | €2,035,911 | €1,591,565 | -€444,346 | -21.8% |
| Trade receivables | 40 | €1,933,899 | €1,496,560 | -€437,338 | -22.6% |
| Other amounts receivable | 41 | €102,012 | €95,005 | -€7,008 | -6.9% |
| Current investments | 50/53 | €60 | €60 | +€0 | +0.5% |
| Other investments | 51/53 | €60 | €60 | +€0 | +0.5% |
| Cash at bank and in hand | 54/58 | €466,012 | €136,278 | -€329,734 | -70.8% |
| Deferred charges and accrued income | 490/1 | €22,168 | €28,430 | +€6,262 | +28.2% |
| Total equity and liabilities | 10/49 | €7,461,665 | €8,450,655 | +€988,990 | +13.3% |
| Equity | 10/15 | €2,750,503 | €2,889,405 | +€138,902 | +5.1% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €2,626,556 | €2,765,458 | +€138,902 | +5.3% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,692 | €71,549 | -€17,143 | -19.3% |
| Distributable reserves | 133 | €2,525,469 | €2,681,514 | +€156,045 | +6.2% |
| Provisions and deferred taxes | 16 | €29,564 | €23,850 | -€5,714 | -19.3% |
| Deferred taxes | 168 | €29,564 | €23,850 | -€5,714 | -19.3% |
| Amounts payable | 17/49 | €4,681,598 | €5,537,400 | +€855,802 | +18.3% |
| Amounts payable after more than one year | 17 | €523,765 | €312,174 | -€211,591 | -40.4% |
| Financial debts | 170/4 | €523,765 | €312,174 | -€211,591 | -40.4% |
| Credit institutions | 173 | €298,765 | €87,174 | -€211,591 | -70.8% |
| Other loans | 174 | €225,000 | €225,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,147,770 | €5,209,580 | +€1.1m | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €230,572 | €211,591 | -€18,981 | -8.2% |
| Financial debts | 43 | €2,450,000 | €3,750,000 | +€1.3m | +53.1% |
| Credit institutions | 430/8 | €2,450,000 | €3,750,000 | +€1.3m | +53.1% |
| Trade debts | 44 | €1,242,402 | €849,138 | -€393,264 | -31.7% |
| Suppliers | 440/4 | €1,242,402 | €849,138 | -€393,264 | -31.7% |
| Taxes, remuneration and social security | 45 | €212,165 | €287,701 | +€75,536 | +35.6% |
| Taxes | 450/3 | €86,485 | €158,955 | +€72,470 | +83.8% |
| Remuneration and social security | 454/9 | €125,680 | €128,745 | +€3,066 | +2.4% |
| Other amounts payable | 47/48 | €12,632 | €111,151 | +€98,520 | +780% |
| Accrued charges and deferred income | 492/3 | €10,064 | €15,646 | +€5,582 | +55.5% |
| Operating income | 70/76A | €12,649,754 | €14,133,886 | +€1.5m | +11.7% |
| Turnover | 70 | €13,469,241 | €13,835,438 | +€366,198 | +2.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€891,636 | €217,033 | +€1.1m | |
| Other operating income | 74 | €72,149 | €81,415 | +€9,265 | +12.8% |
| Operating charges | 60/66A | €12,163,764 | €13,526,845 | +€1.4m | +11.2% |
| Goods for resale, raw materials and consumables | 60 | €9,194,691 | €10,276,780 | +€1.1m | +11.8% |
| Purchases | 600/8 | €8,269,965 | €11,889,786 | +€3.6m | +43.8% |
| Change in stocks: decrease (increase) | 609 | €924,727 | -€1,613,007 | -€2.5m | |
| Services and other goods | 61 | €1,415,594 | €1,558,568 | +€142,974 | +10.1% |
| Remuneration, social security and pensions | 62 | €1,161,179 | €1,242,351 | +€81,172 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358,222 | €373,388 | +€15,166 | +4.2% |
| Other operating charges | 640/8 | €34,078 | €38,576 | +€4,498 | +13.2% |
| Non-recurring operating charges | 66A | - | €37,182 | +€37,182 | |
| Operating profit (loss) | 9901 | €485,991 | €607,042 | +€121,051 | +24.9% |
| Financial income | 75/76B | €15,971 | €24,516 | +€8,545 | +53.5% |
| Recurring financial income | 75 | €15,971 | €24,516 | +€8,545 | +53.5% |
| Income from current assets | 751 | €4,236 | €2,515 | -€1,721 | -40.6% |
| Other financial income | 752/9 | €11,735 | €22,002 | +€10,266 | +87.5% |
| Financial charges | 65/66B | €314,027 | €241,588 | -€72,440 | -23.1% |
| Recurring financial charges | 65 | €314,027 | €241,588 | -€72,440 | -23.1% |
| Debt charges | 650 | €228,427 | €153,504 | -€74,924 | -32.8% |
| Other financial charges | 652/9 | €85,600 | €88,084 | +€2,484 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €187,935 | €389,971 | +€202,036 | +108% |
| Transfer from deferred taxes | 780 | €5,714 | €5,714 | = | 0.0% |
| Income taxes | 67/77 | €60,066 | €113,925 | +€53,859 | +89.7% |
| Taxes | 670/3 | €60,066 | €113,925 | +€53,859 | +89.7% |
| Profit (loss) for the period | 9904 | €133,583 | €281,760 | +€148,177 | +111% |
| Transfer from tax-exempt reserves | 789 | €17,143 | €17,143 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €150,726 | €298,902 | +€148,177 | +98.3% |
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 14 October 2026 via checked.be.