BOONE DRIES: 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.
BOONE DRIES
Largest movements
- Receivables within one year -€181,973
down €181,973 (-36.1%), from €503,986 to €322,013
of which Trade receivables: -€189,244
- Cash +€55,971
up €55,971 (+63.0%), from €88,887 to €144,858
mainly Net result for the year (+€209,974) and Receivables within one year (+€181,973)
- Other debts -€250,319
down €250,319 (-58.0%), from €431,680 to €181,362
- Reserves +€209,974
up €209,974 (+21.3%), from €987,844 to €1.2m
of which Distributable reserves: +€209,974
- Trade debts -€67,027
down €67,027 (-94.8%), from €70,730 to €3,703
- Tax, wage and social debts -€25,335
down €25,335 (-90.2%), from €28,080 to €2,745
- Gross operating margin -€65,450
down €65,450 (-16.1%), from €407,069 to €341,619
- Depreciation -€43,621
down €43,621 (-55.0%), from €79,344 to €35,723
- Taxes -€11,796
down €11,796 (-11.4%), from €103,150 to €91,354
- Financial income -€11,056
down €11,056 (-44.8%), from €24,693 to €13,637
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 | €1,539,020 | €1,406,313 | -€132,707 | -8.6% |
| Fixed assets | 21/28 | €431,328 | €418,492 | -€12,836 | -3.0% |
| Tangible fixed assets | 22/27 | €431,328 | €418,492 | -€12,836 | -3.0% |
| Land and buildings | 22 | €401,710 | €379,072 | -€22,638 | -5.6% |
| Plant, machinery and equipment | 23 | €8,207 | €12,019 | +€3,812 | +46.5% |
| Furniture and vehicles | 24 | €8,773 | €2,922 | -€5,851 | -66.7% |
| Other tangible fixed assets | 26 | €12,639 | €24,480 | +€11,841 | +93.7% |
| Current assets | 29/58 | €1,107,692 | €987,821 | -€119,870 | -10.8% |
| Stocks and contracts in progress | 3 | €104,013 | €112,780 | +€8,767 | +8.4% |
| Stocks | 30/36 | €98,070 | €112,780 | +€14,710 | +15.0% |
| Contracts in progress | 37 | €5,943 | €0 | -€5,943 | -100.0% |
| Amounts receivable within one year | 40/41 | €503,986 | €322,013 | -€181,973 | -36.1% |
| Trade receivables | 40 | €503,810 | €314,566 | -€189,244 | -37.6% |
| Other amounts receivable | 41 | €176 | €7,446 | +€7,271 | +4140.5% |
| Current investments | 50/53 | €408,712 | €408,045 | -€667 | -0.2% |
| Cash at bank and in hand | 54/58 | €88,887 | €144,858 | +€55,971 | +63.0% |
| Deferred charges and accrued income | 490/1 | €2,094 | €126 | -€1,968 | -94.0% |
| Total equity and liabilities | 10/49 | €1,539,020 | €1,406,313 | -€132,707 | -8.6% |
| Equity | 10/15 | €1,006,453 | €1,216,427 | +€209,974 | +20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €987,844 | €1,197,818 | +€209,974 | +21.3% |
| Tax-exempt reserves | 132 | €14,256 | €14,256 | = | 0.0% |
| Distributable reserves | 133 | €973,588 | €1,183,562 | +€209,974 | +21.6% |
| Profit (loss) carried forward | 14 | €9 | €9 | = | 0.0% |
| Amounts payable | 17/49 | €532,567 | €189,887 | -€342,681 | -64.3% |
| Amounts payable within one year | 42/48 | €532,567 | €189,887 | -€342,681 | -64.3% |
| Trade debts | 44 | €70,730 | €3,703 | -€67,027 | -94.8% |
| Suppliers | 440/4 | €70,730 | €3,703 | -€67,027 | -94.8% |
| Advances received on contracts in progress | 46 | €2,077 | €2,077 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €28,080 | €2,745 | -€25,335 | -90.2% |
| Taxes | 450/3 | €28,080 | €2,745 | -€25,335 | -90.2% |
| Other amounts payable | 47/48 | €431,680 | €181,362 | -€250,319 | -58.0% |
| Remuneration, social security and pensions | 62 | €131 | €1,981 | +€1,849 | +1409.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,344 | €35,723 | -€43,621 | -55.0% |
| Other operating charges | 640/8 | €5,294 | €6,360 | +€1,065 | +20.1% |
| Non-recurring operating charges | 66A | €1,225 | €0 | -€1,225 | -100.0% |
| Gross operating margin | 9900 | €407,069 | €341,619 | -€65,450 | -16.1% |
| Operating profit (loss) | 9901 | €321,075 | €297,556 | -€23,519 | -7.3% |
| Financial income | 75/76B | €24,693 | €13,637 | -€11,056 | -44.8% |
| Recurring financial income | 75 | €24,693 | €13,637 | -€11,056 | -44.8% |
| Financial charges | 65/66B | €8,226 | €9,865 | +€1,638 | +19.9% |
| Recurring financial charges | 65 | €8,226 | €9,865 | +€1,638 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €337,541 | €301,328 | -€36,213 | -10.7% |
| Income taxes | 67/77 | €103,150 | €91,354 | -€11,796 | -11.4% |
| Profit (loss) for the period | 9904 | €234,391 | €209,974 | -€24,417 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €234,391 | €209,974 | -€24,417 | -10.4% |
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 6 October 2026 via checked.be.