Bos 51: 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.
Bos 51
Largest movements
- Cash +€33,851
up €33,851 (+139%), from €24,285 to €58,137
mainly Depreciation (+€39,284) and Net result for the year (+€32,727)
- Tangible fixed assets -€17,172
down €17,172 (-7.6%), from €224,616 to €207,444
of which Plant, machinery and equipment: -€22,996
- Receivables within one year +€7,325
up €7,325 (+184%), from €3,984 to €11,309
of which Other amounts receivable: +€6,817
- Reserves +€29,748
new in 2025: €29,748
- Debts after one year -€20,452
down €20,452 (-9.6%), from €213,331 to €192,880
- Trade debts +€9,412
up €9,412 (+451%), from €2,086 to €11,497
- Current portion of long-term debt +€3,183
up €3,183 (+12.1%), from €26,282 to €29,465
- Gross operating margin +€22,163
up €22,163 (+31.7%), from €69,830 to €91,992
- Taxes +€5,814
up €5,814 (+3,770%), from €154 to €5,968
- Staff costs +€4,898
up €4,898 (+395%), from €1,241 to €6,138
- Depreciation +€2,290
up €2,290 (+6.2%), from €36,994 to €39,284
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
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 | €258,968 | €283,134 | +€24,165 | +9.3% |
| Fixed assets | 21/28 | €225,266 | €208,094 | -€17,172 | -7.6% |
| Tangible fixed assets | 22/27 | €224,616 | €207,444 | -€17,172 | -7.6% |
| Plant, machinery and equipment | 23 | €184,849 | €161,852 | -€22,996 | -12.4% |
| Furniture and vehicles | 24 | €39,767 | €45,592 | +€5,825 | +14.6% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €33,702 | €75,039 | +€41,337 | +123% |
| Stocks and contracts in progress | 3 | €3,533 | €2,838 | -€695 | -19.7% |
| Stocks | 30/36 | €3,533 | €2,838 | -€695 | -19.7% |
| Amounts receivable within one year | 40/41 | €3,984 | €11,309 | +€7,325 | +184% |
| Trade receivables | 40 | €3,984 | €4,492 | +€508 | +12.8% |
| Other amounts receivable | 41 | - | €6,817 | +€6,817 | |
| Cash at bank and in hand | 54/58 | €24,285 | €58,137 | +€33,851 | +139% |
| Deferred charges and accrued income | 490/1 | €1,900 | €2,756 | +€856 | +45.1% |
| Total equity and liabilities | 10/49 | €258,968 | €283,134 | +€24,165 | +9.3% |
| Equity | 10/15 | €8,739 | €39,748 | +€31,009 | +355% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €29,748 | +€29,748 | |
| Distributable reserves | 133 | - | €29,748 | +€29,748 | |
| Profit (loss) carried forward | 14 | -€1,261 | €0 | +€1,261 | |
| Amounts payable | 17/49 | €250,229 | €243,386 | -€6,843 | -2.7% |
| Amounts payable after more than one year | 17 | €213,331 | €192,880 | -€20,452 | -9.6% |
| Financial debts | 170/4 | €213,331 | €192,880 | -€20,452 | -9.6% |
| Amounts payable within one year | 42/48 | €36,898 | €50,506 | +€13,608 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €26,282 | €29,465 | +€3,183 | +12.1% |
| Trade debts | 44 | €2,086 | €11,497 | +€9,412 | +451% |
| Suppliers | 440/4 | €2,086 | €11,497 | +€9,412 | +451% |
| Taxes, remuneration and social security | 45 | €6,023 | €5,834 | -€189 | -3.1% |
| Taxes | 450/3 | €5,585 | €4,864 | -€721 | -12.9% |
| Remuneration and social security | 454/9 | €438 | €970 | +€532 | +121% |
| Other amounts payable | 47/48 | €2,508 | €3,710 | +€1,203 | +48.0% |
| Remuneration, social security and pensions | 62 | €1,241 | €6,138 | +€4,898 | +395% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,994 | €39,284 | +€2,290 | +6.2% |
| Other operating charges | 640/8 | €1,831 | €1,897 | +€66 | +3.6% |
| Gross operating margin | 9900 | €69,830 | €91,992 | +€22,163 | +31.7% |
| Operating profit (loss) | 9901 | €29,764 | €44,672 | +€14,909 | +50.1% |
| Financial income | 75/76B | €82 | €26 | -€56 | -68.7% |
| Recurring financial income | 75 | €82 | €26 | -€56 | -68.7% |
| Financial charges | 65/66B | €6,571 | €6,003 | -€568 | -8.6% |
| Recurring financial charges | 65 | €6,571 | €6,003 | -€568 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €23,275 | €38,695 | +€15,420 | +66.3% |
| Income taxes | 67/77 | €154 | €5,968 | +€5,814 | +3,770% |
| Profit (loss) for the period | 9904 | €23,121 | €32,727 | +€9,606 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,121 | €32,727 | +€9,606 | +41.5% |
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 20 October 2026 via checked.be.