BOSFIN: 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.
BOSFIN
Largest movements
- Financial fixed assets -€20.1m
down €20.1m (-42.2%), from €47.6m to €27.5m
- Current investments -€11.2m
down €11.2m (-17.3%), from €65.0m to €53.8m
- Profit (loss) carried forward -€30.2m
down €30.2m (-43.0%), from €70.2m to €40.0m
- Financial charges +€28.9m
up €28.9m (+1279.4%), from €2.3m to €31.2m
of which Non-recurring financial charges: +€29.9m
- Financial income +€133,963
up €133,963 (+12.2%), from €1.1m to €1.2m
- Gross operating margin -€31,162
down €31,162 (-118.0%), from -€26,399 to -€57,562
- Taxes -€5,817
down €5,817 (-5.1%), from €113,965 to €108,148
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 | €117,937,965 | €87,709,689 | -€30.2m | -25.6% |
| Fixed assets | 21/28 | €47,602,504 | €27,530,014 | -€20.1m | -42.2% |
| Financial fixed assets | 28 | €47,602,504 | €27,530,014 | -€20.1m | -42.2% |
| Current assets | 29/58 | €70,335,461 | €60,179,675 | -€10.2m | -14.4% |
| Amounts receivable within one year | 40/41 | €2,457,168 | €2,510,627 | +€53,459 | +2.2% |
| Other amounts receivable | 41 | €2,457,168 | €2,510,627 | +€53,459 | +2.2% |
| Current investments | 50/53 | €64,970,521 | €53,762,534 | -€11.2m | -17.3% |
| Cash at bank and in hand | 54/58 | €2,907,772 | €3,905,237 | +€997,464 | +34.3% |
| Deferred charges and accrued income | 490/1 | - | €1,278 | +€1,278 | |
| Total equity and liabilities | 10/49 | €117,937,965 | €87,709,689 | -€30.2m | -25.6% |
| Equity | 10/15 | €116,910,888 | €86,714,865 | -€30.2m | -25.8% |
| Contributions | 10/11 | €1,568,500 | €1,568,500 | = | 0.0% |
| Capital | 10 | €1,568,500 | €1,568,500 | = | 0.0% |
| Issued capital | 100 | €1,568,500 | €1,568,500 | = | 0.0% |
| Reserves | 13 | €45,152,350 | €45,152,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €156,850 | €156,850 | = | 0.0% |
| Legal reserve | 130 | €156,850 | €156,850 | = | 0.0% |
| Distributable reserves | 133 | €44,995,500 | €44,995,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,190,038 | €39,994,015 | -€30.2m | -43.0% |
| Amounts payable | 17/49 | €1,027,077 | €994,824 | -€32,252 | -3.1% |
| Amounts payable within one year | 42/48 | €1,027,077 | €994,824 | -€32,252 | -3.1% |
| Other amounts payable | 47/48 | €1,027,077 | €994,824 | -€32,252 | -3.1% |
| Other operating charges | 640/8 | €68,905 | €69,440 | +€535 | +0.8% |
| Gross operating margin | 9900 | -€26,399 | -€57,562 | -€31,162 | -118.0% |
| Operating profit (loss) | 9901 | -€95,304 | -€127,002 | -€31,697 | -33.3% |
| Financial income | 75/76B | €1,098,545 | €1,232,508 | +€133,963 | +12.2% |
| Recurring financial income | 75 | €1,098,545 | €1,232,508 | +€133,963 | +12.2% |
| Financial charges | 65/66B | €2,261,308 | €31,193,382 | +€28.9m | +1279.4% |
| Recurring financial charges | 65 | €2,261,308 | €1,290,017 | -€971,291 | -43.0% |
| Non-recurring financial charges | 66B | - | €29,903,365 | +€29.9m | |
| Profit (loss) for the period before taxes | 9903 | -€1,258,067 | -€30,087,875 | -€28.8m | -2291.6% |
| Income taxes | 67/77 | €113,965 | €108,148 | -€5,817 | -5.1% |
| Profit (loss) for the period | 9904 | -€1,372,032 | -€30,196,023 | -€28.8m | -2100.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,372,032 | -€30,196,023 | -€28.8m | -2100.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.