BOST: 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.
BOST
Largest movements
- Receivables within one year +€53,044
up €53,044 (+48.5%), from €109,273 to €162,318
- Cash -€37,194
down €37,194 (-80.9%), from €45,967 to €8,773
mainly Investment in fixed assets (net) (-€79,280) and Receivables within one year (-€53,044)
- Tangible fixed assets +€33,557
up €33,557 (+3.7%), from €912,752 to €946,309
of which Assets under construction and advance payments: +€79,280
- Reserves +€18,248
up €18,248 (+5.3%), from €342,572 to €360,820
of which Distributable reserves: +€18,248
- Trade debts +€17,689
up €17,689 (+219.6%), from €8,054 to €25,743
- Gross operating margin +€16,066
up €16,066 (+24.2%), from €66,372 to €82,438
- Other operating charges +€6,938
up €6,938 (+83.6%), from €8,296 to €15,233
- Taxes +€3,706
up €3,706 (+68.3%), from €5,426 to €9,132
- Financial income +€1,532
up €1,532 (+29.5%), from €5,193 to €6,724
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 | €1,067,992 | €1,118,263 | +€50,271 | +4.7% |
| Fixed assets | 21/28 | €912,752 | €946,309 | +€33,557 | +3.7% |
| Tangible fixed assets | 22/27 | €912,752 | €946,309 | +€33,557 | +3.7% |
| Land and buildings | 22 | €794,746 | €749,023 | -€45,723 | -5.8% |
| Assets under construction and advance payments | 27 | €118,006 | €197,286 | +€79,280 | +67.2% |
| Current assets | 29/58 | €155,240 | €171,954 | +€16,714 | +10.8% |
| Amounts receivable within one year | 40/41 | €109,273 | €162,318 | +€53,044 | +48.5% |
| Other amounts receivable | 41 | €109,273 | €162,318 | +€53,044 | +48.5% |
| Cash at bank and in hand | 54/58 | €45,967 | €8,773 | -€37,194 | -80.9% |
| Deferred charges and accrued income | 490/1 | - | €864 | +€864 | |
| Total equity and liabilities | 10/49 | €1,067,992 | €1,118,263 | +€50,271 | +4.7% |
| Equity | 10/15 | €1,028,386 | €1,046,634 | +€18,248 | +1.8% |
| Contributions | 10/11 | €685,814 | €685,814 | = | 0.0% |
| Reserves | 13 | €342,572 | €360,820 | +€18,248 | +5.3% |
| Non-distributable reserves | 130/1 | €6,971 | €6,971 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,971 | €6,971 | = | 0.0% |
| Distributable reserves | 133 | €335,601 | €353,849 | +€18,248 | +5.4% |
| Amounts payable | 17/49 | €39,606 | €71,629 | +€32,023 | +80.9% |
| Amounts payable within one year | 42/48 | €37,315 | €69,256 | +€31,941 | +85.6% |
| Trade debts | 44 | €8,054 | €25,743 | +€17,689 | +219.6% |
| Suppliers | 440/4 | €8,054 | €25,743 | +€17,689 | +219.6% |
| Taxes, remuneration and social security | 45 | €1,426 | €10,558 | +€9,132 | +640.3% |
| Taxes | 450/3 | €1,426 | €10,558 | +€9,132 | +640.3% |
| Other amounts payable | 47/48 | €27,835 | €32,956 | +€5,120 | +18.4% |
| Accrued charges and deferred income | 492/3 | €2,291 | €2,372 | +€82 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,723 | €45,723 | +€0 | 0.0% |
| Other operating charges | 640/8 | €8,296 | €15,233 | +€6,938 | +83.6% |
| Gross operating margin | 9900 | €66,372 | €82,438 | +€16,066 | +24.2% |
| Operating profit (loss) | 9901 | €12,353 | €21,481 | +€9,128 | +73.9% |
| Financial income | 75/76B | €5,193 | €6,724 | +€1,532 | +29.5% |
| Recurring financial income | 75 | €5,193 | €6,724 | +€1,532 | +29.5% |
| Financial charges | 65/66B | €529 | €826 | +€297 | +56.1% |
| Recurring financial charges | 65 | €529 | €826 | +€297 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €17,017 | €27,380 | +€10,363 | +60.9% |
| Income taxes | 67/77 | €5,426 | €9,132 | +€3,706 | +68.3% |
| Profit (loss) for the period | 9904 | €11,591 | €18,248 | +€6,657 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,591 | €18,248 | +€6,657 | +57.4% |
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 7 October 2026 via checked.be.