BOOTSMAN: 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.
BOOTSMAN
Largest movements
- Tangible fixed assets +€116,793
up €116,793 (+266%), from €43,904 to €160,697
of which Land and buildings: +€137,392
- Current investments -€11,916
down €11,916 (-24.5%), from €48,587 to €36,672
- Debts after one year +€133,119
new in 2025: €133,119
- Other debts -€38,650
no longer reported in 2025 (was €38,650)
- Current portion of long-term debt +€5,188
new in 2025: €5,188
- Tax, wage and social debts +€4,240
up €4,240 (+58.7%), from €7,218 to €11,459
of which Remuneration and social security: +€2,656
- Profit (loss) carried forward +€3,242
up €3,242 (+7.1%), from €45,692 to €48,934
- Gross operating margin +€45,596
up €45,596 (+72.6%), from €62,832 to €108,428
- Staff costs +€30,954
up €30,954 (+86.3%), from €35,865 to €66,818
- Taxes +€10,714
new in 2025: €10,714
- Depreciation +€3,308
up €3,308 (+16.6%), from €19,900 to €23,207
- Financial charges +€1,921
up €1,921 (+601%), from €320 to €2,241
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,997 | €218,821 | +€105,823 | +93.7% |
| Fixed assets | 21/28 | €44,154 | €160,947 | +€116,793 | +265% |
| Tangible fixed assets | 22/27 | €43,904 | €160,697 | +€116,793 | +266% |
| Land and buildings | 22 | - | €137,392 | +€137,392 | |
| Plant, machinery and equipment | 23 | €15,919 | €9,134 | -€6,785 | -42.6% |
| Furniture and vehicles | 24 | €27,985 | €14,171 | -€13,815 | -49.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €68,843 | €57,874 | -€10,969 | -15.9% |
| Amounts receivable within one year | 40/41 | €20,256 | €21,202 | +€946 | +4.7% |
| Trade receivables | 40 | €20,050 | €21,202 | +€1,153 | +5.7% |
| Other amounts receivable | 41 | €206 | - | -€206 | |
| Current investments | 50/53 | €48,587 | €36,672 | -€11,916 | -24.5% |
| Total equity and liabilities | 10/49 | €112,997 | €218,821 | +€105,823 | +93.7% |
| Equity | 10/15 | €65,814 | €69,056 | +€3,242 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,522 | €1,522 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,522 | €1,522 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,522 | €1,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,692 | €48,934 | +€3,242 | +7.1% |
| Amounts payable | 17/49 | €47,183 | €149,765 | +€102,581 | +217% |
| Amounts payable after more than one year | 17 | - | €133,119 | +€133,119 | |
| Financial debts | 170/4 | - | €133,119 | +€133,119 | |
| Amounts payable within one year | 42/48 | €47,183 | €16,646 | -€30,537 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,188 | +€5,188 | |
| Trade debts | 44 | €1,315 | - | -€1,315 | |
| Suppliers | 440/4 | €1,315 | - | -€1,315 | |
| Taxes, remuneration and social security | 45 | €7,218 | €11,459 | +€4,240 | +58.7% |
| Taxes | 450/3 | - | €1,584 | +€1,584 | |
| Remuneration and social security | 454/9 | €7,218 | €9,874 | +€2,656 | +36.8% |
| Other amounts payable | 47/48 | €38,650 | - | -€38,650 | |
| Remuneration, social security and pensions | 62 | €35,865 | €66,818 | +€30,954 | +86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,900 | €23,207 | +€3,308 | +16.6% |
| Other operating charges | 640/8 | €1,629 | €2,206 | +€577 | +35.4% |
| Gross operating margin | 9900 | €62,832 | €108,428 | +€45,596 | +72.6% |
| Operating profit (loss) | 9901 | €5,439 | €16,196 | +€10,758 | +198% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €320 | €2,241 | +€1,921 | +601% |
| Recurring financial charges | 65 | €320 | €2,241 | +€1,921 | +601% |
| Profit (loss) for the period before taxes | 9903 | €5,119 | €13,956 | +€8,837 | +173% |
| Income taxes | 67/77 | - | €10,714 | +€10,714 | |
| Profit (loss) for the period | 9904 | €5,119 | €3,242 | -€1,877 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,119 | €3,242 | -€1,877 | -36.7% |
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 23 October 2026 via checked.be.