BOSPHORUS BRIDGE: 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.
BOSPHORUS BRIDGE
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€8,814
down €8,814 (-8.2%), from €107,187 to €98,373
mainly Current investments (-€50,000) and Other debts (-€9,594)
- Receivables within one year -€2,520
down €2,520 (-3.8%), from €65,838 to €63,318
of which Trade receivables: -€8,206
- Profit (loss) carried forward +€53,181
up €53,181 (+31.0%), from €171,383 to €224,564
- Other debts -€9,594
down €9,594 (-80.7%), from €11,892 to €2,298
- Tax, wage and social debts -€9,100
down €9,100 (-52.4%), from €17,350 to €8,250
- Gross operating margin -€16,641
down €16,641 (-18.8%), from €88,386 to €71,746
- Taxes -€2,988
down €2,988 (-17.3%), from €17,302 to €14,314
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 | €207,113 | €241,972 | +€34,859 | +16.8% |
| Fixed assets | 21/28 | €30,220 | €28,133 | -€2,087 | -6.9% |
| Tangible fixed assets | 22/27 | €6,711 | €4,624 | -€2,087 | -31.1% |
| Furniture and vehicles | 24 | €6,711 | €4,624 | -€2,087 | -31.1% |
| Financial fixed assets | 28 | €23,508 | €23,508 | = | 0.0% |
| Current assets | 29/58 | €176,894 | €213,840 | +€36,946 | +20.9% |
| Amounts receivable within one year | 40/41 | €65,838 | €63,318 | -€2,520 | -3.8% |
| Trade receivables | 40 | €53,140 | €44,934 | -€8,206 | -15.4% |
| Other amounts receivable | 41 | €12,698 | €18,384 | +€5,686 | +44.8% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €107,187 | €98,373 | -€8,814 | -8.2% |
| Deferred charges and accrued income | 490/1 | €3,868 | €2,149 | -€1,719 | -44.4% |
| Total equity and liabilities | 10/49 | €207,113 | €241,972 | +€34,859 | +16.8% |
| Equity | 10/15 | €175,383 | €228,564 | +€53,181 | +30.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,383 | €224,564 | +€53,181 | +31.0% |
| Amounts payable | 17/49 | €31,731 | €13,408 | -€18,322 | -57.7% |
| Amounts payable within one year | 42/48 | €30,481 | €12,158 | -€18,322 | -60.1% |
| Trade debts | 44 | €1,238 | €1,610 | +€372 | +30.0% |
| Suppliers | 440/4 | €1,238 | €1,610 | +€372 | +30.0% |
| Taxes, remuneration and social security | 45 | €17,350 | €8,250 | -€9,100 | -52.4% |
| Taxes | 450/3 | €17,350 | €8,250 | -€9,100 | -52.4% |
| Other amounts payable | 47/48 | €11,892 | €2,298 | -€9,594 | -80.7% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,910 | €2,087 | +€177 | +9.3% |
| Other operating charges | 640/8 | €527 | €483 | -€44 | -8.4% |
| Gross operating margin | 9900 | €88,386 | €71,746 | -€16,641 | -18.8% |
| Operating profit (loss) | 9901 | €85,950 | €69,176 | -€16,774 | -19.5% |
| Financial charges | 65/66B | €2,355 | €1,680 | -€675 | -28.7% |
| Recurring financial charges | 65 | €2,355 | €1,680 | -€675 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €83,594 | €67,496 | -€16,099 | -19.3% |
| Income taxes | 67/77 | €17,302 | €14,314 | -€2,988 | -17.3% |
| Profit (loss) for the period | 9904 | €66,292 | €53,181 | -€13,111 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,292 | €53,181 | -€13,111 | -19.8% |
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 5 October 2026 via checked.be.