BOONS THEO: what changed
What changed
BOONS THEO
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€869,515
2024 · €3.1m-€2.2m
Equity
€8.1m
2024 · €7.2m+€869,515
Cash
€2.1m
2024 · €1.7m+€343,032
Balance sheet total
€26.5m
2024 · €25.0m+€1.5m
Largest movements
Assets
- Receivables within one year +€497,095
up €497,095 (+2.7%), from €18.3m to €18.8m
of which Trade receivables: +€1.5m
- Tangible fixed assets +€390,995
up €390,995 (+23.5%), from €1.7m to €2.1m
of which Leasing and similar rights: +€523,998
- Cash +€343,032
up €343,032 (+20.0%), from €1.7m to €2.1m
mainly Advances received (+€3.3m) and Net result for the year (+€869,515)
- Deferred charges and accrued income +€330,718
up €330,718 (+231%), from €142,914 to €473,631
Equity and liabilities
- Advances received +€3.3m
new in 2025: €3.3m
- Trade debts -€1.5m
down €1.5m (-16.6%), from €9.3m to €7.8m
- Other debts -€1.0m
down €1.0m (-96.2%), from €1.0m to €40,136
- Reserves +€869,515
up €869,515 (+12.4%), from €7.0m to €7.9m
of which Distributable reserves: +€713,815
- Short-term financial debts -€631,583
down €631,583 (-12.4%), from €5.1m to €4.4m
Income statement
- Turnover -€4.7m
down €4.7m (-7.9%), from €59.6m to €54.9m
- Goods and materials -€4.4m
down €4.4m (-10.1%), from €43.6m to €39.2m
of which Purchases: -€5.3m
- Staff costs +€1.6m
up €1.6m (+25.0%), from €6.5m to €8.2m
- Services and other goods +€783,025
up €783,025 (+15.3%), from €5.1m to €5.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3.1m
Turnover
-€4.7m
Other operating income
-€31,321
Goods and materials
+€4.4m
Services and other goods
-€783,025
Staff costs
-€1.6m
Depreciation
-€115,408
Write-downs
+€20,546
Other operating charges
-€19,432
Other operating items
+€219,255
Financial income
-€9,482
Financial charges
-€1,456
Taxes
+€477,275
Result 2025
€869,515
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.0m
Investment
-€1.1m
Financing
-€571,784
Cash 2024
€1.7m
From operations (derived)
+€2.0m
Net result for the year
+€869,515
Depreciation
+€774,715
Receivables after one year
-€97,219
Stocks and contracts
+€120,973
Receivables within one year
-€497,095
Deferred charges and accrued income
-€330,718
Trade debts
-€1.5m
Tax, wage and social debts
+€460,894
Advances received
+€3.3m
Other debts
-€1.0m
Accrued charges and deferred income
+€1,050
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€571,784
Debts after one year
-€12,683
Current portion of long-term debt
+€72,482
Short-term financial debts
-€631,583
Cash 2025
€2.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,033,007 | €26,501,493 | +€1.5m | +5.9% |
| Fixed assets | 21/28 | €2,011,830 | €2,333,225 | +€321,395 | +16.0% |
| Intangible fixed assets | 21 | €150,148 | €80,548 | -€69,600 | -46.4% |
| Tangible fixed assets | 22/27 | €1,661,317 | €2,052,312 | +€390,995 | +23.5% |
| Land and buildings | 22 | €99,324 | €92,795 | -€6,529 | -6.6% |
| Plant, machinery and equipment | 23 | €390,556 | €268,864 | -€121,691 | -31.2% |
| Furniture and vehicles | 24 | €455,919 | €459,455 | +€3,536 | +0.8% |
| Leasing and similar rights | 25 | €416,540 | €940,538 | +€523,998 | +126% |
| Other tangible fixed assets | 26 | €298,978 | €248,257 | -€50,722 | -17.0% |
| Assets under construction and advance payments | 27 | - | €42,403 | +€42,403 | |
| Financial fixed assets | 28 | €200,365 | €200,365 | = | 0.0% |
| Affiliated companies | 280/1 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable | 281 | €200,000 | €200,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €365 | €365 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €365 | €365 | = | 0.0% |
| Current assets | 29/58 | €23,021,177 | €24,168,268 | +€1.1m | +5.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €157,219 | +€97,219 | +162% |
| Other amounts receivable | 291 | €60,000 | €157,219 | +€97,219 | +162% |
| Stocks and contracts in progress | 3 | €2,793,959 | €2,672,986 | -€120,973 | -4.3% |
| Stocks | 30/36 | €2,737,609 | €2,358,555 | -€379,054 | -13.8% |
| Goods purchased for resale | 34 | €2,737,609 | €2,358,555 | -€379,054 | -13.8% |
| Contracts in progress | 37 | €56,350 | €314,431 | +€258,081 | +458% |
| Amounts receivable within one year | 40/41 | €18,308,727 | €18,805,823 | +€497,095 | +2.7% |
| Trade receivables | 40 | €14,022,407 | €15,479,833 | +€1.5m | +10.4% |
| Other amounts receivable | 41 | €4,286,320 | €3,325,989 | -€960,331 | -22.4% |
| Cash at bank and in hand | 54/58 | €1,715,577 | €2,058,609 | +€343,032 | +20.0% |
| Deferred charges and accrued income | 490/1 | €142,914 | €473,631 | +€330,718 | +231% |
| Total equity and liabilities | 10/49 | €25,033,007 | €26,501,493 | +€1.5m | +5.9% |
| Equity | 10/15 | €7,189,360 | €8,058,875 | +€869,515 | +12.1% |
| Contributions | 10/11 | €180,400 | €180,400 | = | 0.0% |
| Reserves | 13 | €7,008,960 | €7,878,475 | +€869,515 | +12.4% |
| Tax-exempt reserves | 132 | €874,919 | €1,030,619 | +€155,700 | +17.8% |
| Distributable reserves | 133 | €6,134,040 | €6,847,855 | +€713,815 | +11.6% |
| Amounts payable | 17/49 | €17,843,647 | €18,442,619 | +€598,971 | +3.4% |
| Amounts payable after more than one year | 17 | €1,369,415 | €1,356,732 | -€12,683 | -0.9% |
| Financial debts | 170/4 | €1,369,415 | €1,356,732 | -€12,683 | -0.9% |
| Leasing and similar obligations | 172 | €262,332 | €679,363 | +€417,031 | +159% |
| Credit institutions | 173 | €1,107,082 | €677,369 | -€429,713 | -38.8% |
| Amounts payable within one year | 42/48 | €16,474,232 | €17,084,836 | +€610,604 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €594,601 | €667,082 | +€72,482 | +12.2% |
| Financial debts | 43 | €5,075,819 | €4,444,236 | -€631,583 | -12.4% |
| Credit institutions | 430/8 | €5,075,819 | €4,444,236 | -€631,583 | -12.4% |
| Trade debts | 44 | €9,302,058 | €7,760,226 | -€1.5m | -16.6% |
| Suppliers | 440/4 | €9,302,058 | €7,760,226 | -€1.5m | -16.6% |
| Advances received on contracts in progress | 46 | - | €3,255,052 | +€3.3m | |
| Taxes, remuneration and social security | 45 | €457,210 | €918,104 | +€460,894 | +101% |
| Taxes | 450/3 | €71,616 | €271,511 | +€199,896 | +279% |
| Remuneration and social security | 454/9 | €385,594 | €646,593 | +€260,999 | +67.7% |
| Other amounts payable | 47/48 | €1,044,544 | €40,136 | -€1.0m | -96.2% |
| Accrued charges and deferred income | 492/3 | - | €1,050 | +€1,050 | |
| Operating income | 70/76A | €60,207,024 | €55,685,048 | -€4.5m | -7.5% |
| Turnover | 70 | €59,576,944 | €54,868,607 | -€4.7m | -7.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €34,490 | €258,081 | +€223,591 | +648% |
| Other operating income | 74 | €580,230 | €548,909 | -€31,321 | -5.4% |
| Non-recurring operating income | 76A | €15,359 | €9,452 | -€5,908 | -38.5% |
| Operating charges | 60/66A | €56,080,344 | €54,206,901 | -€1.9m | -3.3% |
| Goods for resale, raw materials and consumables | 60 | €43,638,836 | €39,233,854 | -€4.4m | -10.1% |
| Purchases | 600/8 | €44,110,422 | €38,854,800 | -€5.3m | -11.9% |
| Change in stocks: decrease (increase) | 609 | -€471,586 | €379,054 | +€850,640 | |
| Services and other goods | 61 | €5,119,473 | €5,902,499 | +€783,025 | +15.3% |
| Remuneration, social security and pensions | 62 | €6,530,549 | €8,166,342 | +€1.6m | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659,306 | €774,715 | +€115,408 | +17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,546 | - | -€20,546 | |
| Other operating charges | 640/8 | €71,337 | €90,768 | +€19,432 | +27.2% |
| Non-recurring operating charges | 66A | €40,295 | €38,723 | -€1,572 | -3.9% |
| Operating profit (loss) | 9901 | €4,126,679 | €1,478,148 | -€2.6m | -64.2% |
| Financial income | 75/76B | €129,087 | €119,605 | -€9,482 | -7.3% |
| Recurring financial income | 75 | €129,087 | €119,605 | -€9,482 | -7.3% |
| Income from financial fixed assets | 750 | €7,639 | €5,984 | -€1,655 | -21.7% |
| Income from current assets | 751 | €110,884 | €87,887 | -€22,996 | -20.7% |
| Other financial income | 752/9 | €10,564 | €25,734 | +€15,170 | +144% |
| Financial charges | 65/66B | €308,817 | €310,273 | +€1,456 | +0.5% |
| Recurring financial charges | 65 | €308,817 | €310,273 | +€1,456 | +0.5% |
| Debt charges | 650 | €231,327 | €218,719 | -€12,608 | -5.5% |
| Other financial charges | 652/9 | €77,491 | €91,554 | +€14,063 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €3,946,949 | €1,287,480 | -€2.7m | -67.4% |
| Income taxes | 67/77 | €895,240 | €417,965 | -€477,275 | -53.3% |
| Taxes | 670/3 | €895,810 | €417,965 | -€477,845 | -53.3% |
| Tax adjustments and reversals of tax provisions | 77 | €570 | - | -€570 | |
| Profit (loss) for the period | 9904 | €3,051,709 | €869,515 | -€2.2m | -71.5% |
| Transfer from tax-exempt reserves | 789 | - | €842,000 | +€842,000 | |
| Transfer to tax-exempt reserves | 689 | - | €997,700 | +€997,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,051,709 | €713,815 | -€2.3m | -76.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.