BOOT: 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.
BOOT
Largest movements
- Tangible fixed assets -€14,519
down €14,519 (-9.6%), from €151,877 to €137,358
- Receivables within one year -€4,420
down €4,420 (-35.3%), from €12,538 to €8,117
of which Trade receivables: -€6,763
- Cash -€3,338
down €3,338 (-56.9%), from €5,863 to €2,526
mainly Debts after one year (-€17,279) and Contributions, distributions and other (-€12,300)
- Debts after one year -€17,279
down €17,279 (-19.2%), from €90,091 to €72,812
- Profit (loss) carried forward -€5,908
down €5,908 (-100.0%), from €5,911 to €3
- Other debts +€5,693
up €5,693 (+103.5%), from €5,500 to €11,193
- Accrued charges and deferred income -€4,265
down €4,265 (-53.9%), from €7,915 to €3,650
- Trade debts -€1,742
down €1,742 (-48.1%), from €3,624 to €1,882
- Gross operating margin +€2,525
up €2,525 (+9.2%), from €27,310 to €29,835
- Taxes +€2,022
up €2,022 (+1338.2%), from €151 to €2,173
- Depreciation -€1,451
down €1,451 (-8.1%), from €17,970 to €16,519
- Other operating charges -€701
down €701 (-29.6%), from €2,371 to €1,670
- Financial charges -€492
down €492 (-13.8%), from €3,572 to €3,080
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 | €170,278 | €148,376 | -€21,902 | -12.9% |
| Fixed assets | 21/28 | €151,877 | €137,733 | -€14,144 | -9.3% |
| Tangible fixed assets | 22/27 | €151,877 | €137,358 | -€14,519 | -9.6% |
| Land and buildings | 22 | €151,877 | €137,358 | -€14,519 | -9.6% |
| Financial fixed assets | 28 | - | €375 | +€375 | |
| Current assets | 29/58 | €18,401 | €10,643 | -€7,758 | -42.2% |
| Amounts receivable within one year | 40/41 | €12,538 | €8,117 | -€4,420 | -35.3% |
| Trade receivables | 40 | €12,538 | €5,774 | -€6,763 | -53.9% |
| Other amounts receivable | 41 | - | €2,343 | +€2,343 | |
| Cash at bank and in hand | 54/58 | €5,863 | €2,526 | -€3,338 | -56.9% |
| Total equity and liabilities | 10/49 | €170,278 | €148,376 | -€21,902 | -12.9% |
| Equity | 10/15 | €46,211 | €40,303 | -€5,908 | -12.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,911 | €3 | -€5,908 | -100.0% |
| Amounts payable | 17/49 | €124,068 | €108,074 | -€15,994 | -12.9% |
| Amounts payable after more than one year | 17 | €90,091 | €72,812 | -€17,279 | -19.2% |
| Financial debts | 170/4 | €90,091 | €72,812 | -€17,279 | -19.2% |
| Amounts payable within one year | 42/48 | €26,061 | €31,612 | +€5,551 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €16,776 | €17,279 | +€503 | +3.0% |
| Trade debts | 44 | €3,624 | €1,882 | -€1,742 | -48.1% |
| Suppliers | 440/4 | €3,624 | €1,882 | -€1,742 | -48.1% |
| Taxes, remuneration and social security | 45 | €162 | €1,258 | +€1,097 | +678.7% |
| Taxes | 450/3 | €162 | €1,258 | +€1,097 | +678.7% |
| Other amounts payable | 47/48 | €5,500 | €11,193 | +€5,693 | +103.5% |
| Accrued charges and deferred income | 492/3 | €7,915 | €3,650 | -€4,265 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,970 | €16,519 | -€1,451 | -8.1% |
| Other operating charges | 640/8 | €2,371 | €1,670 | -€701 | -29.6% |
| Gross operating margin | 9900 | €27,310 | €29,835 | +€2,525 | +9.2% |
| Operating profit (loss) | 9901 | €6,968 | €11,645 | +€4,677 | +67.1% |
| Financial charges | 65/66B | €3,572 | €3,080 | -€492 | -13.8% |
| Recurring financial charges | 65 | €3,572 | €3,080 | -€492 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €3,397 | €8,565 | +€5,169 | +152.2% |
| Income taxes | 67/77 | €151 | €2,173 | +€2,022 | +1338.2% |
| Profit (loss) for the period | 9904 | €3,246 | €6,392 | +€3,146 | +96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,246 | €6,392 | +€3,146 | +96.9% |
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 12 October 2026 via checked.be.