BOST-PIGEONS: 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.
BOST-PIGEONS
Largest movements
- Tangible fixed assets +€49,411
new in 2025: €49,411
- Receivables within one year +€10,615
up €10,615, from €0 to €10,615
- Cash -€6,233
down €6,233 (-36.6%), from €17,033 to €10,800
mainly Investment in fixed assets (net) (-€57,500) and Receivables within one year (-€10,615)
- Other debts +€27,219
up €27,219 (+1,070%), from €2,545 to €29,763
- Reserves +€13,458
up €13,458 (+871%), from €1,545 to €15,003
- Tax, wage and social debts +€10,646
up €10,646 (+10,735%), from €99 to €10,746
of which Remuneration and social security: +€6,000
- Short-term financial debts +€3,000
new in 2025: €3,000
- Gross operating margin +€23,793
up €23,793 (+740%), from €3,216 to €27,009
- Depreciation +€8,089
new in 2025: €8,089
- Taxes +€3,348
up €3,348 (+903%), from €371 to €3,719
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.
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 | €24,251 | €78,633 | +€54,382 | +224% |
| Fixed assets | 21/28 | - | €49,411 | +€49,411 | |
| Tangible fixed assets | 22/27 | - | €49,411 | +€49,411 | |
| Furniture and vehicles | 24 | - | €49,411 | +€49,411 | |
| Current assets | 29/58 | €24,251 | €29,222 | +€4,971 | +20.5% |
| Stocks and contracts in progress | 3 | €7,075 | €7,075 | = | 0.0% |
| Stocks | 30/36 | €7,075 | €7,075 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €10,615 | +€10,615 | |
| Other amounts receivable | 41 | €0 | €10,615 | +€10,615 | |
| Cash at bank and in hand | 54/58 | €17,033 | €10,800 | -€6,233 | -36.6% |
| Deferred charges and accrued income | 490/1 | €143 | €731 | +€589 | +413% |
| Total equity and liabilities | 10/49 | €24,251 | €78,633 | +€54,382 | +224% |
| Equity | 10/15 | €21,545 | €35,003 | +€13,458 | +62.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,545 | €15,003 | +€13,458 | +871% |
| Distributable reserves | 133 | €1,545 | €15,003 | +€13,458 | +871% |
| Amounts payable | 17/49 | €2,706 | €43,630 | +€40,924 | +1,512% |
| Amounts payable within one year | 42/48 | €2,706 | €43,630 | +€40,924 | +1,512% |
| Financial debts | 43 | - | €3,000 | +€3,000 | |
| Other loans | 439 | - | €3,000 | +€3,000 | |
| Trade debts | 44 | €62 | €121 | +€59 | +95.0% |
| Suppliers | 440/4 | €62 | €121 | +€59 | +95.0% |
| Taxes, remuneration and social security | 45 | €99 | €10,746 | +€10,646 | +10,735% |
| Taxes | 450/3 | €99 | €4,746 | +€4,646 | +4,685% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €2,545 | €29,763 | +€27,219 | +1,070% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,089 | +€8,089 | |
| Other operating charges | 640/8 | €1,535 | €1,449 | -€87 | -5.7% |
| Gross operating margin | 9900 | €3,216 | €27,009 | +€23,793 | +740% |
| Operating profit (loss) | 9901 | €1,681 | €17,472 | +€15,791 | +940% |
| Financial charges | 65/66B | €77 | €295 | +€218 | +283% |
| Recurring financial charges | 65 | €77 | €295 | +€218 | +283% |
| Profit (loss) for the period before taxes | 9903 | €1,604 | €17,177 | +€15,573 | +971% |
| Income taxes | 67/77 | €371 | €3,719 | +€3,348 | +903% |
| Profit (loss) for the period | 9904 | €1,233 | €13,458 | +€12,225 | +991% |
| Profit (loss) for the period to be appropriated | 9905 | €1,233 | €13,458 | +€12,225 | +991% |
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 20 October 2026 via checked.be.