BOSTEELS: 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.
BOSTEELS
Largest movements
- Cash +€10,748
up €10,748 (+26.1%), from €41,250 to €51,998
mainly Net result for the year (+€45,504) and Depreciation (+€7,551)
- Tangible fixed assets +€10,380
up €10,380 (+5.8%), from €178,843 to €189,223
of which Land and buildings: +€15,148
- Stocks and contracts -€5,310
down €5,310 (-100.0%), from €5,310 to €0
- Receivables within one year +€4,116
up €4,116 (+77.6%), from €5,304 to €9,420
of which Trade receivables: +€2,160
- Reserves +€45,504
up €45,504 (+63.0%), from €72,214 to €117,718
- Debts after one year -€20,319
down €20,319 (-31.4%), from €64,802 to €44,482
- Tax, wage and social debts -€7,393
down €7,393 (-100.0%), from €7,393 to €0
of which Remuneration and social security: -€6,347
- Gross operating margin +€20,931
up €20,931 (+25.4%), from €82,517 to €103,448
- Staff costs -€15,448
down €15,448 (-50.4%), from €30,633 to €15,185
- Taxes +€8,211
up €8,211 (+80.7%), from €10,177 to €18,388
- Other operating charges -€4,378
down €4,378 (-40.6%), from €10,774 to €6,397
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 | €231,733 | €250,641 | +€18,908 | +8.2% |
| Fixed assets | 21/28 | €178,893 | €189,223 | +€10,330 | +5.8% |
| Tangible fixed assets | 22/27 | €178,843 | €189,223 | +€10,380 | +5.8% |
| Land and buildings | 22 | €174,075 | €189,223 | +€15,148 | +8.7% |
| Plant, machinery and equipment | 23 | €3,507 | €0 | -€3,507 | -100.0% |
| Furniture and vehicles | 24 | €1,261 | €0 | -€1,261 | -100.0% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €52,839 | €61,418 | +€8,579 | +16.2% |
| Stocks and contracts in progress | 3 | €5,310 | €0 | -€5,310 | -100.0% |
| Stocks | 30/36 | €5,310 | €0 | -€5,310 | -100.0% |
| Amounts receivable within one year | 40/41 | €5,304 | €9,420 | +€4,116 | +77.6% |
| Trade receivables | 40 | - | €2,160 | +€2,160 | |
| Other amounts receivable | 41 | €5,304 | €7,260 | +€1,956 | +36.9% |
| Cash at bank and in hand | 54/58 | €41,250 | €51,998 | +€10,748 | +26.1% |
| Deferred charges and accrued income | 490/1 | €975 | €0 | -€975 | -100.0% |
| Total equity and liabilities | 10/49 | €231,733 | €250,641 | +€18,908 | +8.2% |
| Equity | 10/15 | €90,814 | €136,318 | +€45,504 | +50.1% |
| Contributions | 10/11 | €18,600 | €18,600 | -€0 | 0.0% |
| Reserves | 13 | €72,214 | €117,718 | +€45,504 | +63.0% |
| Distributable reserves | 133 | €72,214 | €117,718 | +€45,504 | +63.0% |
| Amounts payable | 17/49 | €140,918 | €114,323 | -€26,596 | -18.9% |
| Amounts payable after more than one year | 17 | €64,802 | €44,482 | -€20,319 | -31.4% |
| Financial debts | 170/4 | €64,802 | €44,482 | -€20,319 | -31.4% |
| Amounts payable within one year | 42/48 | €74,056 | €66,636 | -€7,420 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €19,137 | €20,319 | +€1,182 | +6.2% |
| Trade debts | 44 | €4,678 | €4,879 | +€201 | +4.3% |
| Suppliers | 440/4 | €4,678 | €4,879 | +€201 | +4.3% |
| Taxes, remuneration and social security | 45 | €7,393 | €0 | -€7,393 | -100.0% |
| Taxes | 450/3 | €1,046 | €0 | -€1,046 | -100.0% |
| Remuneration and social security | 454/9 | €6,347 | €0 | -€6,347 | -100.0% |
| Other amounts payable | 47/48 | €42,847 | €41,437 | -€1,411 | -3.3% |
| Accrued charges and deferred income | 492/3 | €2,061 | €3,205 | +€1,144 | +55.5% |
| Non-recurring operating income | 76A | - | €91,493 | +€91,493 | |
| Remuneration, social security and pensions | 62 | €30,633 | €15,185 | -€15,448 | -50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,068 | €7,551 | -€516 | -6.4% |
| Other operating charges | 640/8 | €10,774 | €6,397 | -€4,378 | -40.6% |
| Gross operating margin | 9900 | €82,517 | €103,448 | +€20,931 | +25.4% |
| Operating profit (loss) | 9901 | €33,042 | €74,315 | +€41,273 | +124.9% |
| Financial income | 75/76B | €195 | €306 | +€111 | +56.9% |
| Recurring financial income | 75 | €195 | €306 | +€111 | +56.9% |
| Financial charges | 65/66B | €9,756 | €10,729 | +€972 | +10.0% |
| Recurring financial charges | 65 | €9,756 | €10,729 | +€972 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €23,481 | €63,892 | +€40,411 | +172.1% |
| Income taxes | 67/77 | €10,177 | €18,388 | +€8,211 | +80.7% |
| Profit (loss) for the period | 9904 | €13,304 | €45,504 | +€32,201 | +242.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,304 | €45,504 | +€32,201 | +242.0% |
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 30 September 2026 via checked.be.