Boshca: 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.
Boshca
Largest movements
- Intangible fixed assets -€124,148
down €124,148 (-21.8%), from €568,728 to €444,580
- Cash -€21,158
down €21,158 (-40.3%), from €52,564 to €31,406
mainly Debts after one year (-€87,847) and Current portion of long-term debt (-€72,142)
- Deferred charges and accrued income +€8,738
up €8,738 (+728%), from €1,201 to €9,939
- Receivables within one year -€6,876
down €6,876 (-100%), from €6,876 to €0
- Debts after one year -€87,847
down €87,847 (-39.0%), from €225,322 to €137,475
- Current portion of long-term debt -€72,142
down €72,142 (-45.1%), from €159,989 to €87,847
- Trade debts -€35,311
down €35,311 (-36.7%), from €96,212 to €60,900
- Profit (loss) carried forward +€31,907
up €31,907 (+18.3%), from -€173,914 to -€142,007
- Accrued charges and deferred income +€22,460
up €22,460 (+299%), from €7,500 to €29,960
- Staff costs +€91,233
up €91,233 (+33.6%), from €271,263 to €362,496
- Gross operating margin -€8,219
down €8,219 (-1.5%), from €544,319 to €536,099
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 | €658,194 | €517,838 | -€140,356 | -21.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €585,795 | €461,960 | -€123,835 | -21.1% |
| Intangible fixed assets | 21 | €568,728 | €444,580 | -€124,148 | -21.8% |
| Tangible fixed assets | 22/27 | €4,566 | €4,879 | +€313 | +6.8% |
| Plant, machinery and equipment | 23 | €4,566 | €4,879 | +€313 | +6.8% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €72,400 | €55,878 | -€16,521 | -22.8% |
| Stocks and contracts in progress | 3 | €11,758 | €14,533 | +€2,775 | +23.6% |
| Stocks | 30/36 | €11,758 | €14,533 | +€2,775 | +23.6% |
| Amounts receivable within one year | 40/41 | €6,876 | €0 | -€6,876 | -100% |
| Trade receivables | 40 | €6,876 | €0 | -€6,876 | -100% |
| Cash at bank and in hand | 54/58 | €52,564 | €31,406 | -€21,158 | -40.3% |
| Deferred charges and accrued income | 490/1 | €1,201 | €9,939 | +€8,738 | +728% |
| Total equity and liabilities | 10/49 | €658,194 | €517,838 | -€140,356 | -21.3% |
| Equity | 10/15 | -€167,714 | -€135,807 | +€31,907 | +19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,914 | -€142,007 | +€31,907 | +18.3% |
| Amounts payable | 17/49 | €825,909 | €653,645 | -€172,264 | -20.9% |
| Amounts payable after more than one year | 17 | €225,322 | €137,475 | -€87,847 | -39.0% |
| Financial debts | 170/4 | €225,322 | €137,475 | -€87,847 | -39.0% |
| Amounts payable within one year | 42/48 | €593,086 | €486,209 | -€106,877 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €159,989 | €87,847 | -€72,142 | -45.1% |
| Trade debts | 44 | €96,212 | €60,900 | -€35,311 | -36.7% |
| Suppliers | 440/4 | €96,212 | €60,900 | -€35,311 | -36.7% |
| Taxes, remuneration and social security | 45 | €22,878 | €43,007 | +€20,129 | +88.0% |
| Taxes | 450/3 | €6,144 | €5,791 | -€353 | -5.7% |
| Remuneration and social security | 454/9 | €16,734 | €37,216 | +€20,482 | +122% |
| Other amounts payable | 47/48 | €314,007 | €294,455 | -€19,552 | -6.2% |
| Accrued charges and deferred income | 492/3 | €7,500 | €29,960 | +€22,460 | +299% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €271,263 | €362,496 | +€91,233 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,805 | €125,655 | -€4,150 | -3.2% |
| Other operating charges | 640/8 | €8,490 | €4,995 | -€3,495 | -41.2% |
| Gross operating margin | 9900 | €544,319 | €536,099 | -€8,219 | -1.5% |
| Operating profit (loss) | 9901 | €134,761 | €42,953 | -€91,808 | -68.1% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €8,600 | €11,091 | +€2,491 | +29.0% |
| Recurring financial charges | 65 | €8,600 | €11,091 | +€2,491 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €126,162 | €31,907 | -€94,254 | -74.7% |
| Profit (loss) for the period | 9904 | €126,162 | €31,907 | -€94,254 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €126,162 | €31,907 | -€94,254 | -74.7% |
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 16 October 2026 via checked.be.