BOSHRA: 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.
BOSHRA
Largest movements
- Receivables within one year +€14,678
up €14,678 (+284.8%), from €5,153 to €19,831
of which Trade receivables: +€15,774
- Stocks and contracts +€12,397
up €12,397 (+25.9%), from €47,785 to €60,182
- Cash -€10,859
down €10,859 (-48.7%), from €22,300 to €11,440
mainly Receivables within one year (-€14,678) and Stocks and contracts (-€12,397)
- Intangible fixed assets -€2,332
down €2,332 (-25.0%), from €9,327 to €6,994
- Tangible fixed assets -€2,241
down €2,241 (-42.0%), from €5,331 to €3,090
- Profit (loss) carried forward +€8,380
up €8,380 (+257.0%), from €3,261 to €11,641
- Trade debts +€2,933
up €2,933 (+9.6%), from €30,610 to €33,543
- Gross operating margin +€4,069
up €4,069 (+31.7%), from €12,840 to €16,909
- Taxes +€2,021
up €2,021 (+2151.5%), from €94 to €2,115
- Other operating charges +€402
up €402 (+108.3%), from €371 to €773
- Depreciation +€224
up €224 (+4.8%), from €4,699 to €4,923
- Financial charges +€202
up €202 (+39.2%), from €517 to €719
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 | €91,228 | €102,202 | +€10,974 | +12.0% |
| Formation expenses | 20 | €1,013 | €663 | -€350 | -34.5% |
| Fixed assets | 21/28 | €14,658 | €10,084 | -€4,574 | -31.2% |
| Intangible fixed assets | 21 | €9,327 | €6,994 | -€2,332 | -25.0% |
| Tangible fixed assets | 22/27 | €5,331 | €3,090 | -€2,241 | -42.0% |
| Plant, machinery and equipment | 23 | €5,331 | €3,090 | -€2,241 | -42.0% |
| Current assets | 29/58 | €75,557 | €91,454 | +€15,898 | +21.0% |
| Stocks and contracts in progress | 3 | €47,785 | €60,182 | +€12,397 | +25.9% |
| Stocks | 30/36 | €47,785 | €60,182 | +€12,397 | +25.9% |
| Amounts receivable within one year | 40/41 | €5,153 | €19,831 | +€14,678 | +284.8% |
| Trade receivables | 40 | €3,705 | €19,479 | +€15,774 | +425.8% |
| Other amounts receivable | 41 | €1,448 | €352 | -€1,096 | -75.7% |
| Cash at bank and in hand | 54/58 | €22,300 | €11,440 | -€10,859 | -48.7% |
| Deferred charges and accrued income | 490/1 | €318 | €0 | -€318 | -100.0% |
| Total equity and liabilities | 10/49 | €91,228 | €102,202 | +€10,974 | +12.0% |
| Equity | 10/15 | €6,761 | €15,141 | +€8,380 | +123.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,261 | €11,641 | +€8,380 | +257.0% |
| Amounts payable | 17/49 | €84,466 | €87,061 | +€2,594 | +3.1% |
| Amounts payable within one year | 42/48 | €84,186 | €86,582 | +€2,396 | +2.8% |
| Trade debts | 44 | €30,610 | €33,543 | +€2,933 | +9.6% |
| Suppliers | 440/4 | €30,610 | €33,543 | +€2,933 | +9.6% |
| Taxes, remuneration and social security | 45 | €4,262 | €3,716 | -€546 | -12.8% |
| Taxes | 450/3 | €4,262 | €3,716 | -€546 | -12.8% |
| Other amounts payable | 47/48 | €49,314 | €49,323 | +€9 | 0.0% |
| Accrued charges and deferred income | 492/3 | €281 | €479 | +€198 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,699 | €4,923 | +€224 | +4.8% |
| Other operating charges | 640/8 | €371 | €773 | +€402 | +108.3% |
| Gross operating margin | 9900 | €12,840 | €16,909 | +€4,069 | +31.7% |
| Operating profit (loss) | 9901 | €7,769 | €11,213 | +€3,443 | +44.3% |
| Financial income | 75/76B | €148 | €1 | -€147 | -99.3% |
| Recurring financial income | 75 | €148 | €1 | -€147 | -99.3% |
| Financial charges | 65/66B | €517 | €719 | +€202 | +39.2% |
| Recurring financial charges | 65 | €517 | €719 | +€202 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €7,401 | €10,495 | +€3,094 | +41.8% |
| Income taxes | 67/77 | €94 | €2,115 | +€2,021 | +2151.5% |
| Profit (loss) for the period | 9904 | €7,307 | €8,380 | +€1,073 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,307 | €8,380 | +€1,073 | +14.7% |
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 3 October 2026 via checked.be.