BOONS: 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.
BOONS
Largest movements
- Receivables within one year +€2.2m
up €2.2m (+92.7%), from €2.4m to €4.6m
of which Other amounts receivable: +€2.0m
- Tangible fixed assets +€431,644
up €431,644 (+62.1%), from €695,146 to €1.1m
of which Plant, machinery and equipment: +€253,082
- Trade debts +€1.4m
up €1.4m (+203.5%), from €695,926 to €2.1m
- Reserves +€743,136
up €743,136 (+23.4%), from €3.2m to €3.9m
of which Distributable reserves: +€471,341
- Debts after one year +€319,210
new in 2025: €319,210
- Short-term financial debts +€175,000
up €175,000, from €0 to €175,000
- Current portion of long-term debt +€124,442
up €124,442, from €0 to €124,442
- Gross operating margin +€2.0m
up €2.0m (+64.9%), from €3.1m to €5.1m
- Staff costs +€1.7m
up €1.7m (+94.4%), from €1.8m to €3.5m
- Depreciation +€70,922
up €70,922 (+15.7%), from €451,164 to €522,086
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,114,163 | €6,818,142 | +€2.7m | +65.7% |
| Fixed assets | 21/28 | €704,944 | €1,142,763 | +€437,819 | +62.1% |
| Intangible fixed assets | 21 | - | €6,863 | +€6,863 | |
| Tangible fixed assets | 22/27 | €695,146 | €1,126,790 | +€431,644 | +62.1% |
| Plant, machinery and equipment | 23 | €572,871 | €825,954 | +€253,082 | +44.2% |
| Furniture and vehicles | 24 | €122,275 | €90,638 | -€31,637 | -25.9% |
| Leasing and similar rights | 25 | - | €210,198 | +€210,198 | |
| Financial fixed assets | 28 | €9,798 | €9,110 | -€688 | -7.0% |
| Current assets | 29/58 | €3,409,219 | €5,675,379 | +€2.3m | +66.5% |
| Stocks and contracts in progress | 3 | €186,561 | €186,561 | = | 0.0% |
| Stocks | 30/36 | €186,561 | €186,561 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,405,084 | €4,635,153 | +€2.2m | +92.7% |
| Trade receivables | 40 | €2,282,355 | €2,515,134 | +€232,779 | +10.2% |
| Other amounts receivable | 41 | €122,730 | €2,120,019 | +€2.0m | +1627.4% |
| Cash at bank and in hand | 54/58 | €798,415 | €844,587 | +€46,173 | +5.8% |
| Deferred charges and accrued income | 490/1 | €19,159 | €9,078 | -€10,081 | -52.6% |
| Total equity and liabilities | 10/49 | €4,114,163 | €6,818,142 | +€2.7m | +65.7% |
| Equity | 10/15 | €3,193,047 | €3,936,183 | +€743,136 | +23.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,174,497 | €3,917,633 | +€743,136 | +23.4% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Tax-exempt reserves | 132 | - | €273,650 | +€273,650 | |
| Distributable reserves | 133 | €3,172,642 | €3,643,983 | +€471,341 | +14.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €921,117 | €2,881,959 | +€2.0m | +212.9% |
| Amounts payable after more than one year | 17 | - | €319,210 | +€319,210 | |
| Financial debts | 170/4 | - | €319,210 | +€319,210 | |
| Amounts payable within one year | 42/48 | €921,117 | €2,562,750 | +€1.6m | +178.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €124,442 | +€124,442 | |
| Financial debts | 43 | €0 | €175,000 | +€175,000 | |
| Credit institutions | 430/8 | €0 | €175,000 | +€175,000 | |
| Trade debts | 44 | €695,926 | €2,111,825 | +€1.4m | +203.5% |
| Suppliers | 440/4 | €695,926 | €2,111,825 | +€1.4m | +203.5% |
| Taxes, remuneration and social security | 45 | €225,191 | €151,482 | -€73,709 | -32.7% |
| Taxes | 450/3 | €115,000 | €40,909 | -€74,091 | -64.4% |
| Remuneration and social security | 454/9 | €110,191 | €110,573 | +€382 | +0.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €46,167 | €284,229 | +€238,062 | +515.7% |
| Remuneration, social security and pensions | 62 | €1,806,343 | €3,510,748 | +€1.7m | +94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451,164 | €522,086 | +€70,922 | +15.7% |
| Other operating charges | 640/8 | €53,785 | €34,924 | -€18,861 | -35.1% |
| Non-recurring operating charges | 66A | - | €16,597 | +€16,597 | |
| Gross operating margin | 9900 | €3,082,887 | €5,082,924 | +€2.0m | +64.9% |
| Operating profit (loss) | 9901 | €771,595 | €998,569 | +€226,974 | +29.4% |
| Financial income | 75/76B | €24,415 | €63,850 | +€39,434 | +161.5% |
| Recurring financial income | 75 | €24,415 | €63,850 | +€39,434 | +161.5% |
| Financial charges | 65/66B | €13,072 | €51,128 | +€38,056 | +291.1% |
| Recurring financial charges | 65 | €13,072 | €51,128 | +€38,056 | +291.1% |
| Profit (loss) for the period before taxes | 9903 | €782,938 | €1,011,290 | +€228,352 | +29.2% |
| Income taxes | 67/77 | €224,677 | €268,154 | +€43,477 | +19.4% |
| Profit (loss) for the period | 9904 | €558,261 | €743,136 | +€184,875 | +33.1% |
| Transfer to tax-exempt reserves | 689 | - | €273,650 | +€273,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €558,261 | €469,486 | -€88,775 | -15.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.