BOONEN Chris: 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.
BOONEN Chris
Largest movements
- Receivables within one year +€53,623
up €53,623 (+23.6%), from €226,908 to €280,531
of which Other amounts receivable: +€29,072
- Cash -€20,734
no longer reported in 2025 (was €20,734)
mainly Investment in fixed assets (net) (-€136,642) and Receivables within one year (-€53,623)
- Tangible fixed assets +€6,616
up €6,616 (+2.0%), from €326,137 to €332,753
of which Furniture and vehicles: +€46,145
- Trade debts +€56,628
up €56,628 (+592%), from €9,559 to €66,187
- Short-term financial debts -€32,690
down €32,690 (-63.4%), from €51,556 to €18,866
- Current portion of long-term debt +€23,119
up €23,119 (+27.7%), from €83,610 to €106,729
- Debts after one year -€8,594
down €8,594 (-4.0%), from €213,378 to €204,784
- Reserves +€7,750
up €7,750 (+4.1%), from €187,931 to €195,681
of which Distributable reserves: +€18,100
- Depreciation +€9,662
up €9,662 (+8.0%), from €120,364 to €130,027
- Gross operating margin -€7,163
down €7,163 (-4.2%), from €168,729 to €161,566
- Taxes -€3,344
down €3,344 (-26.7%), from €12,514 to €9,170
- Staff costs +€3,301
up €3,301 (+205%), from €1,610 to €4,910
- Other operating charges -€2,851
down €2,851 (-66.0%), from €4,318 to €1,466
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 | €587,016 | €623,948 | +€36,931 | +6.3% |
| Fixed assets | 21/28 | €326,637 | €333,253 | +€6,616 | +2.0% |
| Tangible fixed assets | 22/27 | €326,137 | €332,753 | +€6,616 | +2.0% |
| Land and buildings | 22 | €42,075 | €37,400 | -€4,675 | -11.1% |
| Plant, machinery and equipment | 23 | €47,863 | €53,329 | +€5,466 | +11.4% |
| Furniture and vehicles | 24 | €54,590 | €100,735 | +€46,145 | +84.5% |
| Leasing and similar rights | 25 | €178,596 | €140,840 | -€37,757 | -21.1% |
| Other tangible fixed assets | 26 | €3,012 | €449 | -€2,563 | -85.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €260,379 | €290,695 | +€30,316 | +11.6% |
| Stocks and contracts in progress | 3 | €1,264 | €1,264 | = | 0.0% |
| Stocks | 30/36 | €1,264 | €1,264 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €226,908 | €280,531 | +€53,623 | +23.6% |
| Trade receivables | 40 | €74,877 | €99,428 | +€24,551 | +32.8% |
| Other amounts receivable | 41 | €152,031 | €181,103 | +€29,072 | +19.1% |
| Cash at bank and in hand | 54/58 | €20,734 | - | -€20,734 | |
| Deferred charges and accrued income | 490/1 | €11,473 | €8,900 | -€2,573 | -22.4% |
| Total equity and liabilities | 10/49 | €587,016 | €623,948 | +€36,931 | +6.3% |
| Equity | 10/15 | €209,230 | €217,018 | +€7,788 | +3.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €187,931 | €195,681 | +€7,750 | +4.1% |
| Tax-exempt reserves | 132 | €28,810 | €18,460 | -€10,350 | -35.9% |
| Distributable reserves | 133 | €159,121 | €177,221 | +€18,100 | +11.4% |
| Profit (loss) carried forward | 14 | €839 | €877 | +€38 | +4.5% |
| Provisions and deferred taxes | 16 | €9,603 | €6,153 | -€3,450 | -35.9% |
| Deferred taxes | 168 | €9,603 | €6,153 | -€3,450 | -35.9% |
| Amounts payable | 17/49 | €368,183 | €400,776 | +€32,593 | +8.9% |
| Amounts payable after more than one year | 17 | €213,378 | €204,784 | -€8,594 | -4.0% |
| Financial debts | 170/4 | €213,378 | €204,784 | -€8,594 | -4.0% |
| Amounts payable within one year | 42/48 | €154,805 | €195,992 | +€41,187 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €83,610 | €106,729 | +€23,119 | +27.7% |
| Financial debts | 43 | €51,556 | €18,866 | -€32,690 | -63.4% |
| Credit institutions | 430/8 | €51,556 | €18,866 | -€32,690 | -63.4% |
| Trade debts | 44 | €9,559 | €66,187 | +€56,628 | +592% |
| Suppliers | 440/4 | €9,559 | €66,187 | +€56,628 | +592% |
| Taxes, remuneration and social security | 45 | €10,080 | €4,210 | -€5,870 | -58.2% |
| Taxes | 450/3 | €10,080 | €4,210 | -€5,870 | -58.2% |
| Non-recurring operating income | 76A | - | €15,099 | +€15,099 | |
| Remuneration, social security and pensions | 62 | €1,610 | €4,910 | +€3,301 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,364 | €130,027 | +€9,662 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,030 | +€1,030 | |
| Other operating charges | 640/8 | €4,318 | €1,466 | -€2,851 | -66.0% |
| Non-recurring operating charges | 66A | €1,030 | - | -€1,030 | |
| Gross operating margin | 9900 | €168,729 | €161,566 | -€7,163 | -4.2% |
| Operating profit (loss) | 9901 | €41,407 | €24,133 | -€17,274 | -41.7% |
| Financial income | 75/76B | €8,338 | €9,411 | +€1,074 | +12.9% |
| Recurring financial income | 75 | €8,338 | €9,411 | +€1,074 | +12.9% |
| Financial charges | 65/66B | €18,214 | €20,036 | +€1,822 | +10.0% |
| Recurring financial charges | 65 | €18,214 | €20,036 | +€1,822 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €31,531 | €13,508 | -€18,023 | -57.2% |
| Transfer from deferred taxes | 780 | €3,450 | €3,450 | = | 0.0% |
| Income taxes | 67/77 | €12,514 | €9,170 | -€3,344 | -26.7% |
| Profit (loss) for the period | 9904 | €22,466 | €7,788 | -€14,678 | -65.3% |
| Transfer from tax-exempt reserves | 789 | €10,350 | €10,350 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,816 | €18,138 | -€14,678 | -44.7% |
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 28 October 2026 via checked.be.