BOSEMO: 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.
What changed
BOSEMO
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€419
2024 · €33,942-€34,362
Equity
€272,525
2024 · €272,944-€419
Cash
€0
2024 · -
Balance sheet total
€1.3m
2024 · €1.4m-€42,972
Largest movements
Assets
- Receivables within one year -€29,973
down €29,973 (-97.8%), from €30,649 to €675
of which Trade receivables: -€29,952
Equity and liabilities
- Debts after one year -€55,663
down €55,663 (-7.1%), from €782,515 to €726,853
of which Financial debts: -€91,863
Income statement
- Gross operating margin -€51,254
down €51,254 (-40.9%), from €125,400 to €74,146
- Taxes -€17,277
down €17,277 (-81.9%), from €21,096 to €3,819
- Financial charges +€1,288
up €1,288 (+3.1%), from €41,414 to €42,703
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
€33,942
Gross operating margin
-€51,254
Staff costs
+€162
Depreciation
+€190
Other operating charges
+€225
Financial income
+€327
Financial charges
-€1,288
Taxes
+€17,277
Result 2025
-€419
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.
From operations
+€51,306
Investment
-€12,508
Financing
-€38,798
Cash 2024
€0
From operations (derived)
+€51,306
Net result for the year
-€419
Depreciation
+€23,937
Stocks and contracts
+€1,200
Receivables within one year
+€29,973
Deferred charges and accrued income
+€370
Trade debts
+€10,292
Tax, wage and social debts
+€1,439
Other debts
-€12,536
Accrued charges and deferred income
-€2,950
Investment (derived)
-€12,508
Investment in fixed assets (net)
-€12,508
Financing
-€38,798
Debts after one year
-€55,663
Current portion of long-term debt
+€8,950
Short-term financial debts
+€7,915
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,376,972 | €1,334,000 | -€42,972 | -3.1% |
| Fixed assets | 21/28 | €1,343,329 | €1,331,900 | -€11,429 | -0.9% |
| Tangible fixed assets | 22/27 | €1,334,029 | €1,322,600 | -€11,429 | -0.9% |
| Land and buildings | 22 | €1,299,232 | €1,279,859 | -€19,373 | -1.5% |
| Plant, machinery and equipment | 23 | €13,468 | €24,456 | +€10,988 | +81.6% |
| Furniture and vehicles | 24 | €21,329 | €18,284 | -€3,044 | -14.3% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €33,643 | €2,101 | -€31,543 | -93.8% |
| Stocks and contracts in progress | 3 | €1,200 | - | -€1,200 | |
| Stocks | 30/36 | €1,200 | - | -€1,200 | |
| Amounts receivable within one year | 40/41 | €30,649 | €675 | -€29,973 | -97.8% |
| Trade receivables | 40 | €30,447 | €495 | -€29,952 | -98.4% |
| Other amounts receivable | 41 | €201 | €180 | -€21 | -10.6% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €1,795 | €1,425 | -€370 | -20.6% |
| Total equity and liabilities | 10/49 | €1,376,972 | €1,334,000 | -€42,972 | -3.1% |
| Equity | 10/15 | €272,944 | €272,525 | -€419 | -0.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €141,801 | €138,220 | -€3,581 | -2.5% |
| Reserves | 13 | €61,007 | €64,588 | +€3,581 | +5.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €59,148 | €62,728 | +€3,581 | +6.1% |
| Profit (loss) carried forward | 14 | €137 | -€283 | -€419 | |
| Amounts payable | 17/49 | €1,104,028 | €1,061,475 | -€42,553 | -3.9% |
| Amounts payable after more than one year | 17 | €782,515 | €726,853 | -€55,663 | -7.1% |
| Financial debts | 170/4 | €638,715 | €546,853 | -€91,863 | -14.4% |
| Other amounts payable | 178/9 | €143,800 | €180,000 | +€36,200 | +25.2% |
| Amounts payable within one year | 42/48 | €309,770 | €325,830 | +€16,060 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €94,122 | €103,072 | +€8,950 | +9.5% |
| Financial debts | 43 | €24,512 | €32,426 | +€7,915 | +32.3% |
| Credit institutions | 430/8 | €24,512 | €32,426 | +€7,915 | +32.3% |
| Trade debts | 44 | €33,137 | €43,429 | +€10,292 | +31.1% |
| Suppliers | 440/4 | €33,137 | €43,429 | +€10,292 | +31.1% |
| Taxes, remuneration and social security | 45 | €33,962 | €35,401 | +€1,439 | +4.2% |
| Taxes | 450/3 | €33,962 | €35,401 | +€1,439 | +4.2% |
| Other amounts payable | 47/48 | €124,038 | €111,502 | -€12,536 | -10.1% |
| Accrued charges and deferred income | 492/3 | €11,742 | €8,792 | -€2,950 | -25.1% |
| Remuneration, social security and pensions | 62 | €316 | €154 | -€162 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,128 | €23,937 | -€190 | -0.8% |
| Other operating charges | 640/8 | €4,504 | €4,279 | -€225 | -5.0% |
| Gross operating margin | 9900 | €125,400 | €74,146 | -€51,254 | -40.9% |
| Operating profit (loss) | 9901 | €96,453 | €45,776 | -€50,677 | -52.5% |
| Financial income | 75/76B | €0 | €327 | +€327 | +3266900.0% |
| Recurring financial income | 75 | €0 | €327 | +€327 | +3266900.0% |
| Financial charges | 65/66B | €41,414 | €42,703 | +€1,288 | +3.1% |
| Recurring financial charges | 65 | €41,414 | €42,703 | +€1,288 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €55,039 | €3,400 | -€51,639 | -93.8% |
| Income taxes | 67/77 | €21,096 | €3,819 | -€17,277 | -81.9% |
| Profit (loss) for the period | 9904 | €33,942 | -€419 | -€34,362 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,942 | -€419 | -€34,362 |
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 7 October 2026 via checked.be.