BOSS: 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.
BOSS
Largest movements
- Financial fixed assets +€74,713
up €74,713 (+13.2%), from €565,023 to €639,736
- Receivables within one year -€67,214
down €67,214 (-63.7%), from €105,494 to €38,280
of which Trade receivables: -€67,210
- Stocks and contracts -€38,339
down €38,339 (-23.9%), from €160,211 to €121,872
- Cash -€10,661
down €10,661 (-57.5%), from €18,554 to €7,893
mainly Investment in fixed assets (net) (-€84,051) and Trade debts (-€32,585)
- Trade debts -€32,585
down €32,585 (-89.8%), from €36,296 to €3,711
- Other debts -€24,010
down €24,010 (-2.7%), from €879,406 to €855,396
- Gross operating margin +€59,830
up €59,830 (+341.0%), from €17,544 to €77,374
- Write-downs +€36,550
new in 2025: €36,550
- Depreciation +€10,322
up €10,322 (+214.5%), from €4,811 to €15,133
- Financial charges +€10,213
up €10,213 (+153.6%), from €6,649 to €16,862
of which Non-recurring financial charges: +€12,500
- Other operating charges -€1,762
down €1,762 (-30.8%), from €5,715 to €3,953
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 | €963,466 | €916,441 | -€47,025 | -4.9% |
| Fixed assets | 21/28 | €678,078 | €746,996 | +€68,918 | +10.2% |
| Tangible fixed assets | 22/27 | €113,055 | €107,260 | -€5,795 | -5.1% |
| Plant, machinery and equipment | 23 | €7,093 | €5,410 | -€1,683 | -23.7% |
| Furniture and vehicles | 24 | €103,462 | €99,350 | -€4,112 | -4.0% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Financial fixed assets | 28 | €565,023 | €639,736 | +€74,713 | +13.2% |
| Current assets | 29/58 | €285,389 | €169,445 | -€115,944 | -40.6% |
| Stocks and contracts in progress | 3 | €160,211 | €121,872 | -€38,339 | -23.9% |
| Stocks | 30/36 | €160,211 | €121,872 | -€38,339 | -23.9% |
| Amounts receivable within one year | 40/41 | €105,494 | €38,280 | -€67,214 | -63.7% |
| Trade receivables | 40 | €105,490 | €38,280 | -€67,210 | -63.7% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,554 | €7,893 | -€10,661 | -57.5% |
| Deferred charges and accrued income | 490/1 | €1,130 | €1,400 | +€270 | +23.9% |
| Total equity and liabilities | 10/49 | €963,466 | €916,441 | -€47,025 | -4.9% |
| Equity | 10/15 | €28,979 | €31,364 | +€2,385 | +8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,979 | €11,364 | +€2,385 | +26.6% |
| Distributable reserves | 133 | €8,979 | €11,364 | +€2,385 | +26.6% |
| Amounts payable | 17/49 | €934,487 | €885,077 | -€49,411 | -5.3% |
| Amounts payable within one year | 42/48 | €934,487 | €885,077 | -€49,411 | -5.3% |
| Trade debts | 44 | €36,296 | €3,711 | -€32,585 | -89.8% |
| Suppliers | 440/4 | €36,296 | €3,711 | -€32,585 | -89.8% |
| Advances received on contracts in progress | 46 | €10,000 | €10,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,786 | €15,969 | +€7,184 | +81.8% |
| Taxes | 450/3 | €8,786 | €15,969 | +€7,184 | +81.8% |
| Other amounts payable | 47/48 | €879,406 | €855,396 | -€24,010 | -2.7% |
| Non-recurring operating income | 76A | €27,682 | €0 | -€27,682 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,811 | €15,133 | +€10,322 | +214.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,550 | +€36,550 | |
| Other operating charges | 640/8 | €5,715 | €3,953 | -€1,762 | -30.8% |
| Gross operating margin | 9900 | €17,544 | €77,374 | +€59,830 | +341.0% |
| Operating profit (loss) | 9901 | €7,018 | €21,739 | +€14,721 | +209.8% |
| Financial income | 75/76B | €2,078 | €341 | -€1,737 | -83.6% |
| Recurring financial income | 75 | €2,078 | €341 | -€1,737 | -83.6% |
| Financial charges | 65/66B | €6,649 | €16,862 | +€10,213 | +153.6% |
| Recurring financial charges | 65 | €6,649 | €4,362 | -€2,287 | -34.4% |
| Non-recurring financial charges | 66B | - | €12,500 | +€12,500 | |
| Profit (loss) for the period before taxes | 9903 | €2,446 | €5,217 | +€2,771 | +113.3% |
| Income taxes | 67/77 | €1,244 | €2,832 | +€1,588 | +127.7% |
| Profit (loss) for the period | 9904 | €1,202 | €2,385 | +€1,183 | +98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,202 | €2,385 | +€1,183 | +98.4% |
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 11 October 2026 via checked.be.