Bosman-Dhont: 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.
Bosman-Dhont
Largest movements
- Cash -€17,342
down €17,342 (-44.9%), from €38,660 to €21,318
mainly Debts after one year (-€34,002) and Investment in fixed assets (net) (-€17,764)
- Receivables within one year +€16,772
up €16,772 (+62.5%), from €26,820 to €43,592
of which Trade receivables: +€15,812
- Tangible fixed assets -€6,604
down €6,604 (-2.1%), from €316,376 to €309,773
of which Land and buildings: -€15,650
- Reserves +€40,060
up €40,060 (+263%), from €15,235 to €55,295
- Debts after one year -€34,002
no longer reported in 2025 (was €34,002)
- Tax, wage and social debts +€19,800
up €19,800 (+240%), from €8,251 to €28,051
- Other debts -€15,986
down €15,986 (-70.3%), from €22,741 to €6,754
- Current portion of long-term debt -€11,179
down €11,179 (-51.7%), from €21,622 to €10,443
- Gross operating margin +€35,742
up €35,742 (+69.7%), from €51,259 to €87,001
- Taxes +€14,459
up €14,459 (+168%), from €8,596 to €23,055
- Financial charges -€1,346
down €1,346 (-40.7%), from €3,306 to €1,959
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 | €563,673 | €556,340 | -€7,333 | -1.3% |
| Fixed assets | 21/28 | €316,544 | €309,941 | -€6,604 | -2.1% |
| Tangible fixed assets | 22/27 | €316,376 | €309,773 | -€6,604 | -2.1% |
| Land and buildings | 22 | €305,877 | €290,227 | -€15,650 | -5.1% |
| Plant, machinery and equipment | 23 | €2,528 | €1,948 | -€580 | -23.0% |
| Furniture and vehicles | 24 | €7,971 | €17,598 | +€9,627 | +121% |
| Financial fixed assets | 28 | €168 | €168 | = | 0.0% |
| Current assets | 29/58 | €247,129 | €246,399 | -€729 | -0.3% |
| Amounts receivable after more than one year | 29 | €173,426 | €173,426 | = | 0.0% |
| Other amounts receivable | 291 | €173,426 | €173,426 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,820 | €43,592 | +€16,772 | +62.5% |
| Trade receivables | 40 | €25,489 | €41,301 | +€15,812 | +62.0% |
| Other amounts receivable | 41 | €1,331 | €2,291 | +€960 | +72.1% |
| Cash at bank and in hand | 54/58 | €38,660 | €21,318 | -€17,342 | -44.9% |
| Deferred charges and accrued income | 490/1 | €8,223 | €8,063 | -€159 | -1.9% |
| Total equity and liabilities | 10/49 | €563,673 | €556,340 | -€7,333 | -1.3% |
| Equity | 10/15 | €466,361 | €506,422 | +€40,060 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,235 | €55,295 | +€40,060 | +263% |
| Distributable reserves | 133 | €15,235 | €55,295 | +€40,060 | +263% |
| Profit (loss) carried forward | 14 | €432,526 | €432,526 | = | 0.0% |
| Amounts payable | 17/49 | €97,312 | €49,918 | -€47,393 | -48.7% |
| Amounts payable after more than one year | 17 | €34,002 | - | -€34,002 | |
| Financial debts | 170/4 | €34,002 | - | -€34,002 | |
| Amounts payable within one year | 42/48 | €60,799 | €49,918 | -€10,881 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €21,622 | €10,443 | -€11,179 | -51.7% |
| Trade debts | 44 | €8,186 | €4,670 | -€3,517 | -43.0% |
| Suppliers | 440/4 | €8,186 | €4,670 | -€3,517 | -43.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,251 | €28,051 | +€19,800 | +240% |
| Taxes | 450/3 | €8,251 | €28,051 | +€19,800 | +240% |
| Other amounts payable | 47/48 | €22,741 | €6,754 | -€15,986 | -70.3% |
| Accrued charges and deferred income | 492/3 | €2,511 | - | -€2,511 | |
| Remuneration, social security and pensions | 62 | €388 | - | -€388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,917 | €24,368 | +€451 | +1.9% |
| Other operating charges | 640/8 | €3,527 | €3,344 | -€184 | -5.2% |
| Non-recurring operating charges | 66A | - | €2,107 | +€2,107 | |
| Gross operating margin | 9900 | €51,259 | €87,001 | +€35,742 | +69.7% |
| Operating profit (loss) | 9901 | €23,427 | €57,182 | +€33,755 | +144% |
| Financial income | 75/76B | €7,809 | €7,893 | +€84 | +1.1% |
| Recurring financial income | 75 | €7,809 | €7,893 | +€84 | +1.1% |
| Financial charges | 65/66B | €3,306 | €1,959 | -€1,346 | -40.7% |
| Recurring financial charges | 65 | €3,306 | €1,959 | -€1,346 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €27,931 | €63,116 | +€35,185 | +126% |
| Income taxes | 67/77 | €8,596 | €23,055 | +€14,459 | +168% |
| Profit (loss) for the period | 9904 | €19,335 | €40,060 | +€20,726 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €19,335 | €40,060 | +€20,726 | +107% |
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 27 October 2026 via checked.be.