BOSCHHOEVE: 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.
BOSCHHOEVE
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Receivables within one year -€409,134
down €409,134 (-81.0%), from €505,324 to €96,190
of which Trade receivables: -€409,901
- Tangible fixed assets +€399,143
up €399,143 (+75.7%), from €527,563 to €926,705
of which Land and buildings: +€272,224
- Stocks and contracts +€166,610
up €166,610 (+77.0%), from €216,340 to €382,950
- Cash +€121,472
up €121,472 (+45.5%), from €267,157 to €388,630
mainly Receivables within one year (+€409,134) and Contributions, distributions and other (+€266,438)
- Other debts +€253,861
up €253,861 (+828%), from €30,667 to €284,528
- Debts after one year +€233,334
up €233,334, from €0 to €233,334
- Reserves +€198,564
up €198,564 (+21.5%), from €923,589 to €1.1m
of which Distributable reserves: +€276,984
- Contributions +€129,987
up €129,987 (+53.2%), from €244,500 to €374,487
- Accrued charges and deferred income -€30,802
down €30,802 (-100%), from €30,802 to €0
- Depreciation +€154,297
up €154,297 (+194%), from €79,357 to €233,654
- Taxes -€45,682
down €45,682 (-51.5%), from €88,730 to €43,048
- Gross operating margin -€18,130
down €18,130 (-4.9%), from €372,865 to €354,735
- Financial charges +€7,291
up €7,291 (+239%), from €3,045 to €10,336
- Other operating charges +€7,062
up €7,062 (+104%), from €6,765 to €13,828
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 | €1,521,123 | €2,301,063 | +€779,940 | +51.3% |
| Fixed assets | 21/28 | €527,823 | €927,225 | +€399,403 | +75.7% |
| Tangible fixed assets | 22/27 | €527,563 | €926,705 | +€399,143 | +75.7% |
| Land and buildings | 22 | €320,555 | €592,779 | +€272,224 | +84.9% |
| Plant, machinery and equipment | 23 | €66,049 | €221,968 | +€155,918 | +236% |
| Furniture and vehicles | 24 | €140,959 | €111,959 | -€29,000 | -20.6% |
| Financial fixed assets | 28 | €260 | €520 | +€260 | +100% |
| Current assets | 29/58 | €993,301 | €1,373,838 | +€380,537 | +38.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €216,340 | €382,950 | +€166,610 | +77.0% |
| Stocks | 30/36 | €216,340 | €382,950 | +€166,610 | +77.0% |
| Amounts receivable within one year | 40/41 | €505,324 | €96,190 | -€409,134 | -81.0% |
| Trade receivables | 40 | €458,681 | €48,780 | -€409,901 | -89.4% |
| Other amounts receivable | 41 | €46,643 | €47,410 | +€767 | +1.6% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €267,157 | €388,630 | +€121,472 | +45.5% |
| Deferred charges and accrued income | 490/1 | €4,479 | €6,068 | +€1,589 | +35.5% |
| Total equity and liabilities | 10/49 | €1,521,123 | €2,301,063 | +€779,940 | +51.3% |
| Equity | 10/15 | €1,175,371 | €1,502,924 | +€327,553 | +27.9% |
| Contributions | 10/11 | €244,500 | €374,487 | +€129,987 | +53.2% |
| Reserves | 13 | €923,589 | €1,122,154 | +€198,564 | +21.5% |
| Tax-exempt reserves | 132 | €101,040 | €22,621 | -€78,419 | -77.6% |
| Distributable reserves | 133 | €822,549 | €1,099,533 | +€276,984 | +33.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €7,282 | €6,284 | -€998 | -13.7% |
| Amounts payable | 17/49 | €345,753 | €798,140 | +€452,387 | +131% |
| Amounts payable after more than one year | 17 | €0 | €233,334 | +€233,334 | |
| Financial debts | 170/4 | €0 | €233,334 | +€233,334 | |
| Amounts payable within one year | 42/48 | €314,951 | €564,806 | +€249,855 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €42,500 | €66,667 | +€24,167 | +56.9% |
| Trade debts | 44 | €227,865 | €209,151 | -€18,714 | -8.2% |
| Suppliers | 440/4 | €227,865 | €209,151 | -€18,714 | -8.2% |
| Taxes, remuneration and social security | 45 | €13,919 | €4,461 | -€9,458 | -68.0% |
| Taxes | 450/3 | €13,919 | €4,461 | -€9,458 | -68.0% |
| Other amounts payable | 47/48 | €30,667 | €284,528 | +€253,861 | +828% |
| Accrued charges and deferred income | 492/3 | €30,802 | €0 | -€30,802 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,357 | €233,654 | +€154,297 | +194% |
| Other operating charges | 640/8 | €6,765 | €13,828 | +€7,062 | +104% |
| Gross operating margin | 9900 | €372,865 | €354,735 | -€18,130 | -4.9% |
| Operating profit (loss) | 9901 | €286,742 | €107,253 | -€179,490 | -62.6% |
| Financial income | 75/76B | €3,479 | €7,246 | +€3,767 | +108% |
| Recurring financial income | 75 | €3,479 | €7,246 | +€3,767 | +108% |
| Financial charges | 65/66B | €3,045 | €10,336 | +€7,291 | +239% |
| Recurring financial charges | 65 | €3,045 | €10,336 | +€7,291 | +239% |
| Profit (loss) for the period before taxes | 9903 | €287,176 | €104,163 | -€183,013 | -63.7% |
| Income taxes | 67/77 | €88,730 | €43,048 | -€45,682 | -51.5% |
| Profit (loss) for the period | 9904 | €198,446 | €61,115 | -€137,331 | -69.2% |
| Transfer from tax-exempt reserves | 789 | - | €78,419 | +€78,419 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €198,446 | €139,534 | -€58,912 | -29.7% |
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 17 October 2026 via checked.be.