Bosal Energy: 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.
What changed
Bosal Energy
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€394,022
2024 · -€1.1m+€1.5m
Equity
€7.0m
2024 · €6.6m+€394,022
Cash
-
not filed
Balance sheet total
€8.2m
2024 · €8.6m-€464,829
Largest movements
Assets
- Tangible fixed assets -€348,375
down €348,375 (-20.7%), from €1.7m to €1.3m
of which Leasing and similar rights: -€221,474
- Stocks and contracts -€200,524
down €200,524 (-17.6%), from €1.1m to €936,258
Equity and liabilities
- Trade debts -€458,841
down €458,841 (-64.3%), from €713,609 to €254,768
- Profit (loss) carried forward +€394,022
up €394,022 (+21.1%), from -€1.9m to -€1.5m
- Debts after one year -€285,002
down €285,002 (-60.1%), from €474,385 to €189,383
Income statement
- Goods and materials -€1.8m
down €1.8m (-73.3%), from €2.4m to €647,837
of which Purchases: -€1.8m
- Turnover -€657,665
down €657,665 (-20.7%), from €3.2m to €2.5m
- Financial charges -€558,989
down €558,989 (-88.3%), from €633,069 to €74,080
- Services and other goods +€226,465
up €226,465 (+37.4%), from €605,684 to €832,149
- Depreciation -€177,978
down €177,978 (-32.8%), from €542,718 to €364,740
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.
Result 2024
-€1.1m
Turnover
-€657,665
Other operating income
+€5,057
Goods and materials
+€1.8m
Services and other goods
-€226,465
Staff costs
-€15,784
Depreciation
+€177,978
Write-downs
-€133,251
Other operating charges
-€1,193
Other operating items
+€56,052
Financial income
-€63,243
Financial charges
+€558,989
Result 2025
€394,022
raises the resultlowers the resultnot broken down further in the accounts
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 | €8,615,823 | €8,150,994 | -€464,829 | -5.4% |
| Fixed assets | 21/28 | €1,679,425 | €1,331,050 | -€348,375 | -20.7% |
| Tangible fixed assets | 22/27 | €1,679,425 | €1,331,050 | -€348,375 | -20.7% |
| Plant, machinery and equipment | 23 | €489,695 | €362,794 | -€126,901 | -25.9% |
| Leasing and similar rights | 25 | €1,189,730 | €968,256 | -€221,474 | -18.6% |
| Current assets | 29/58 | €6,936,398 | €6,819,944 | -€116,454 | -1.7% |
| Amounts receivable after more than one year | 29 | €387,819 | €387,819 | = | 0.0% |
| Trade receivables | 290 | €387,819 | €387,819 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,136,782 | €936,258 | -€200,524 | -17.6% |
| Stocks | 30/36 | €1,136,782 | €936,258 | -€200,524 | -17.6% |
| Raw materials and consumables | 30/31 | €709,841 | €690,713 | -€19,128 | -2.7% |
| Work in progress | 32 | €314,576 | €199,023 | -€115,553 | -36.7% |
| Finished goods | 33 | €112,365 | €46,522 | -€65,843 | -58.6% |
| Amounts receivable within one year | 40/41 | €5,394,279 | €5,455,048 | +€60,769 | +1.1% |
| Trade receivables | 40 | €892,985 | €803,803 | -€89,182 | -10.0% |
| Other amounts receivable | 41 | €4,501,294 | €4,651,245 | +€149,951 | +3.3% |
| Deferred charges and accrued income | 490/1 | €17,518 | €40,819 | +€23,301 | +133% |
| Total equity and liabilities | 10/49 | €8,615,823 | €8,150,994 | -€464,829 | -5.4% |
| Equity | 10/15 | €6,623,718 | €7,017,740 | +€394,022 | +5.9% |
| Contributions | 10/11 | €8,487,000 | €8,487,000 | = | 0.0% |
| Capital | 10 | €8,487,000 | €8,487,000 | = | 0.0% |
| Issued capital | 100 | €8,487,000 | €8,487,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,863,282 | -€1,469,260 | +€394,022 | +21.1% |
| Amounts payable | 17/49 | €1,992,105 | €1,133,254 | -€858,851 | -43.1% |
| Amounts payable after more than one year | 17 | €474,385 | €189,383 | -€285,002 | -60.1% |
| Financial debts | 170/4 | €474,385 | €189,383 | -€285,002 | -60.1% |
| Leasing and similar obligations | 172 | €474,385 | €189,383 | -€285,002 | -60.1% |
| Amounts payable within one year | 42/48 | €1,517,720 | €943,871 | -€573,849 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €359,098 | €282,440 | -€76,658 | -21.3% |
| Trade debts | 44 | €713,609 | €254,768 | -€458,841 | -64.3% |
| Suppliers | 440/4 | €713,609 | €254,768 | -€458,841 | -64.3% |
| Advances received on contracts in progress | 46 | €84,339 | €89,340 | +€5,001 | +5.9% |
| Taxes, remuneration and social security | 45 | €75,678 | €71,605 | -€4,073 | -5.4% |
| Taxes | 450/3 | €9,415 | €12,204 | +€2,789 | +29.6% |
| Remuneration and social security | 454/9 | €66,263 | €59,401 | -€6,862 | -10.4% |
| Other amounts payable | 47/48 | €284,996 | €245,718 | -€39,278 | -13.8% |
| Operating income | 70/76A | €3,230,735 | €2,634,405 | -€596,330 | -18.5% |
| Turnover | 70 | €3,174,686 | €2,517,021 | -€657,665 | -20.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €56,031 | -€181,396 | -€237,427 | |
| Other operating income | 74 | €18 | €5,075 | +€5,057 | +28,094% |
| Non-recurring operating income | 76A | - | €293,705 | +€293,705 | |
| Operating charges | 60/66A | €3,993,826 | €2,413,844 | -€1.6m | -39.6% |
| Goods for resale, raw materials and consumables | 60 | €2,426,760 | €647,837 | -€1.8m | -73.3% |
| Purchases | 600/8 | €2,587,782 | €742,558 | -€1.8m | -71.3% |
| Change in stocks: decrease (increase) | 609 | -€161,022 | -€94,721 | +€66,301 | +41.2% |
| Services and other goods | 61 | €605,684 | €832,149 | +€226,465 | +37.4% |
| Remuneration, social security and pensions | 62 | €436,631 | €452,415 | +€15,784 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542,718 | €364,740 | -€177,978 | -32.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,401 | €113,850 | +€133,251 | |
| Other operating charges | 640/8 | €1,434 | €2,627 | +€1,193 | +83.2% |
| Non-recurring operating charges | 66A | - | €226 | +€226 | |
| Operating profit (loss) | 9901 | -€763,091 | €220,561 | +€983,652 | |
| Financial income | 75/76B | €310,784 | €247,541 | -€63,243 | -20.3% |
| Recurring financial income | 75 | €310,784 | €247,541 | -€63,243 | -20.3% |
| Income from current assets | 751 | €310,784 | €245,668 | -€65,116 | -21.0% |
| Other financial income | 752/9 | - | €1,873 | +€1,873 | |
| Financial charges | 65/66B | €633,069 | €74,080 | -€558,989 | -88.3% |
| Recurring financial charges | 65 | €633,069 | €74,080 | -€558,989 | -88.3% |
| Debt charges | 650 | €627,309 | €73,199 | -€554,110 | -88.3% |
| Other financial charges | 652/9 | €5,760 | €881 | -€4,879 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,085,376 | €394,022 | +€1.5m | |
| Profit (loss) for the period | 9904 | -€1,085,376 | €394,022 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,085,376 | €394,022 | +€1.5m |
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 29 October 2026 via checked.be.