Bootsmannen: 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.
Bootsmannen
Largest movements
- Receivables within one year +€244,031
up €244,031 (+53.7%), from €454,738 to €698,769
of which Trade receivables: +€239,793
- Tangible fixed assets +€202,485
up €202,485 (+110.7%), from €182,933 to €385,418
of which Assets under construction and advance payments: +€184,490
- Cash +€110,799
up €110,799 (+9.8%), from €1.1m to €1.2m
mainly Net result for the year (+€1.7m) and Other debts (+€384,960)
- Other debts +€384,960
up €384,960 (+29.1%), from €1.3m to €1.7m
- Debts after one year +€340,006
new in 2025: €340,006
- Trade debts -€290,706
no longer reported in 2025 (was €290,706)
- Tax, wage and social debts +€87,672
up €87,672 (+470.9%), from €18,619 to €106,290
of which Taxes: +€47,008
- Current portion of long-term debt +€39,996
new in 2025: €39,996
- Gross operating margin +€428,307
up €428,307 (+26.5%), from €1.6m to €2.0m
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 | €1,769,919 | €2,330,578 | +€560,660 | +31.7% |
| Fixed assets | 21/28 | €182,933 | €385,418 | +€202,485 | +110.7% |
| Tangible fixed assets | 22/27 | €182,933 | €385,418 | +€202,485 | +110.7% |
| Land and buildings | 22 | €65,777 | €56,890 | -€8,888 | -13.5% |
| Plant, machinery and equipment | 23 | €73,103 | €53,503 | -€19,600 | -26.8% |
| Furniture and vehicles | 24 | €44,053 | €90,535 | +€46,483 | +105.5% |
| Assets under construction and advance payments | 27 | - | €184,490 | +€184,490 | |
| Current assets | 29/58 | €1,586,986 | €1,945,160 | +€358,175 | +22.6% |
| Amounts receivable within one year | 40/41 | €454,738 | €698,769 | +€244,031 | +53.7% |
| Trade receivables | 40 | €451,920 | €691,713 | +€239,793 | +53.1% |
| Other amounts receivable | 41 | €2,818 | €7,056 | +€4,239 | +150.4% |
| Cash at bank and in hand | 54/58 | €1,130,428 | €1,241,227 | +€110,799 | +9.8% |
| Deferred charges and accrued income | 490/1 | €1,820 | €5,165 | +€3,345 | +183.8% |
| Total equity and liabilities | 10/49 | €1,769,919 | €2,330,578 | +€560,660 | +31.7% |
| Equity | 10/15 | €117,390 | €117,476 | +€86 | +0.1% |
| Contributions | 10/11 | €68,077 | €68,077 | = | 0.0% |
| Reserves | 13 | €49,314 | €49,399 | +€86 | +0.2% |
| Non-distributable reserves | 130/1 | €3,860 | €3,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,860 | €3,860 | = | 0.0% |
| Distributable reserves | 133 | €45,454 | €45,539 | +€86 | +0.2% |
| Amounts payable | 17/49 | €1,652,529 | €2,213,103 | +€560,574 | +33.9% |
| Amounts payable after more than one year | 17 | - | €340,006 | +€340,006 | |
| Financial debts | 170/4 | - | €340,006 | +€340,006 | |
| Amounts payable within one year | 42/48 | €1,631,136 | €1,853,058 | +€221,922 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | - | €39,996 | +€39,996 | |
| Trade debts | 44 | €290,706 | - | -€290,706 | |
| Suppliers | 440/4 | €290,706 | - | -€290,706 | |
| Taxes, remuneration and social security | 45 | €18,619 | €106,290 | +€87,672 | +470.9% |
| Taxes | 450/3 | €2,424 | €49,432 | +€47,008 | +1938.9% |
| Remuneration and social security | 454/9 | €16,194 | €56,858 | +€40,664 | +251.1% |
| Other amounts payable | 47/48 | €1,321,812 | €1,706,772 | +€384,960 | +29.1% |
| Accrued charges and deferred income | 492/3 | €21,393 | €20,039 | -€1,354 | -6.3% |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Remuneration, social security and pensions | 62 | - | €1,215 | +€1,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,740 | €64,861 | +€17,120 | +35.9% |
| Other operating charges | 640/8 | €2,681 | €2,929 | +€248 | +9.3% |
| Gross operating margin | 9900 | €1,614,350 | €2,042,656 | +€428,307 | +26.5% |
| Operating profit (loss) | 9901 | €1,563,929 | €1,973,651 | +€409,723 | +26.2% |
| Financial income | 75/76B | €41 | €24 | -€17 | -41.1% |
| Recurring financial income | 75 | €41 | €24 | -€17 | -41.1% |
| Financial charges | 65/66B | €1,662 | €7,722 | +€6,060 | +364.5% |
| Recurring financial charges | 65 | €1,662 | €7,722 | +€6,060 | +364.5% |
| Profit (loss) for the period before taxes | 9903 | €1,562,308 | €1,965,953 | +€403,646 | +25.8% |
| Income taxes | 67/77 | €246,499 | €265,358 | +€18,859 | +7.7% |
| Profit (loss) for the period | 9904 | €1,315,809 | €1,700,596 | +€384,787 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,315,809 | €1,700,596 | +€384,787 | +29.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.