Bostoen Group: 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.
What changed
Bostoen Group
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2.8m
2024 · -€2.9m+€136,023
Equity
€20.8m
2024 · €23.6m-€2.8m
Cash
€822
2024 · €2.0m-€2.0m
Balance sheet total
€86.3m
2024 · €87.8m-€1.4m
Largest movements
Assets
- Receivables within one year +€3.5m
up €3.5m (+421%), from €833,691 to €4.3m
of which Other amounts receivable: +€4.2m
- Financial fixed assets -€2.9m
down €2.9m (-3.8%), from €76.7m to €73.8m
of which Affiliated companies: -€2.9m
- Cash -€2.0m
down €2.0m (-100.0%), from €2.0m to €822
mainly Receivables within one year (-€3.5m) and Net result for the year (-€2.8m)
Equity and liabilities
- Short-term financial debts +€4.0m
new in 2025: €4.0m
of which Credit institutions: +€4.0m
- Profit (loss) carried forward -€2.8m
down €2.8m (-576%), from -€484,184 to -€3.3m
- Other debts -€2.3m
down €2.3m (-89.1%), from €2.6m to €283,241
Income statement
- Financial charges -€1.5m
down €1.5m (-28.1%), from €5.4m to €3.9m
of which Non-recurring financial charges: -€1.7m
- Financial income -€1.3m
down €1.3m (-63.0%), from €2.1m to €767,528
of which Non-recurring financial income: -€1.4m
- Other operating income -€486,763
down €486,763 (-15.5%), from €3.1m to €2.6m
- Staff costs -€360,115
down €360,115 (-22.3%), from €1.6m to €1.3m
- Write-downs -€92,665
down €92,665, from €9,356 to -€83,309
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.
Result 2024
-€2.9m
Turnover
+€14,910
Other operating income
-€486,763
Services and other goods
-€19,039
Staff costs
+€360,115
Depreciation
-€5,182
Write-downs
+€92,665
Provisions
+€25,000
Other operating charges
-€54,559
Financial income
-€1.3m
Financial charges
+€1.5m
Taxes
+€1,561
Result 2025
-€2.8m
raises the resultlowers the result
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.
From operations
-€8.4m
Investment
+€2.8m
Financing
+€3.6m
Cash 2024
€2.0m
From operations (derived)
-€8.4m
Net result for the year
-€2.8m
Depreciation
+€223,591
Receivables within one year
-€3.5m
Deferred charges and accrued income
-€67,171
Trade debts
-€118,960
Tax, wage and social debts
-€144,039
Other debts
-€2.3m
Accrued charges and deferred income
+€338,290
Investment (derived)
+€2.8m
Investment in fixed assets (net)
+€2.8m
Financing
+€3.6m
Debts after one year
-€380,237
Current portion of long-term debt
-€34,147
Short-term financial debts
+€4.0m
Cash 2025
€822
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,754,793 | €86,317,867 | -€1.4m | -1.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €84,522,329 | €81,508,469 | -€3.0m | -3.6% |
| Intangible fixed assets | 21 | €0 | €11,570 | +€11,570 | |
| Tangible fixed assets | 22/27 | €7,798,687 | €7,700,657 | -€98,029 | -1.3% |
| Land and buildings | 22 | €1,860,466 | €1,795,430 | -€65,036 | -3.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €724,463 | €633,214 | -€91,249 | -12.6% |
| Other tangible fixed assets | 26 | €4,498,682 | €4,432,526 | -€66,156 | -1.5% |
| Assets under construction and advance payments | 27 | €715,075 | €839,487 | +€124,412 | +17.4% |
| Financial fixed assets | 28 | €76,723,642 | €73,796,241 | -€2.9m | -3.8% |
| Affiliated companies | 280/1 | €76,494,232 | €73,566,830 | -€2.9m | -3.8% |
| Participating interests | 280 | €76,494,232 | €73,566,830 | -€2.9m | -3.8% |
| Companies linked by participating interests | 282/3 | €229,411 | €229,411 | = | 0.0% |
| Participating interests | 282 | €229,411 | €229,411 | = | 0.0% |
| Current assets | 29/58 | €3,232,464 | €4,809,398 | +€1.6m | +48.8% |
| Amounts receivable after more than one year | 29 | €312,704 | €312,704 | = | 0.0% |
| Other amounts receivable | 291 | €312,704 | €312,704 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €833,691 | €4,342,763 | +€3.5m | +421% |
| Trade receivables | 40 | €828,503 | €97,912 | -€730,591 | -88.2% |
| Other amounts receivable | 41 | €5,188 | €4,244,851 | +€4.2m | +81,723% |
| Cash at bank and in hand | 54/58 | €2,000,131 | €822 | -€2.0m | -100.0% |
| Deferred charges and accrued income | 490/1 | €85,938 | €153,109 | +€67,171 | +78.2% |
| Total equity and liabilities | 10/49 | €87,754,793 | €86,317,867 | -€1.4m | -1.6% |
| Equity | 10/15 | €23,622,869 | €20,834,438 | -€2.8m | -11.8% |
| Contributions | 10/11 | €16,600,311 | €16,600,311 | = | 0.0% |
| Capital | 10 | €16,600,311 | €16,600,311 | = | 0.0% |
| Issued capital | 100 | €16,600,311 | €16,600,311 | = | 0.0% |
| Contributions outside capital | 11 | €0 | €0 | = | 0.0% |
| Share premium | 1100/10 | €0 | €0 | = | 0.0% |
| Reserves | 13 | €7,506,743 | €7,506,743 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,545,321 | €1,545,321 | = | 0.0% |
| Legal reserve | 130 | €1,545,321 | €1,545,321 | = | 0.0% |
| Tax-exempt reserves | 132 | €22 | €22 | = | 0.0% |
| Distributable reserves | 133 | €5,961,400 | €5,961,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€484,184 | -€3,272,615 | -€2.8m | -576% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €64,106,923 | €65,458,429 | +€1.4m | +2.1% |
| Amounts payable after more than one year | 17 | €60,340,921 | €59,960,684 | -€380,237 | -0.6% |
| Financial debts | 170/4 | €60,336,958 | €59,960,684 | -€376,273 | -0.6% |
| Subordinated loans | 170 | €54,500,000 | €54,500,000 | = | 0.0% |
| Leasing and similar obligations | 172 | €76,355 | - | -€76,355 | |
| Credit institutions | 173 | €3,760,603 | €3,460,684 | -€299,919 | -8.0% |
| Other loans | 174 | €2,000,000 | €2,000,000 | = | 0.0% |
| Advances received on contracts in progress | 176 | €3,963 | - | -€3,963 | |
| Amounts payable within one year | 42/48 | €3,664,211 | €5,057,664 | +€1.4m | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €410,420 | €376,273 | -€34,147 | -8.3% |
| Financial debts | 43 | - | €4,000,000 | +€4.0m | |
| Credit institutions | 430/8 | - | €4,000,000 | +€4.0m | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €357,618 | €238,657 | -€118,960 | -33.3% |
| Suppliers | 440/4 | €357,618 | €238,657 | -€118,960 | -33.3% |
| Taxes, remuneration and social security | 45 | €303,531 | €159,492 | -€144,039 | -47.5% |
| Taxes | 450/3 | €122,928 | €100,674 | -€22,254 | -18.1% |
| Remuneration and social security | 454/9 | €180,604 | €58,818 | -€121,785 | -67.4% |
| Other amounts payable | 47/48 | €2,592,642 | €283,241 | -€2.3m | -89.1% |
| Accrued charges and deferred income | 492/3 | €101,791 | €440,081 | +€338,290 | +332% |
| Operating income | 70/76A | €3,796,837 | €3,324,985 | -€471,853 | -12.4% |
| Turnover | 70 | €664,416 | €679,326 | +€14,910 | +2.2% |
| Other operating income | 74 | €3,131,482 | €2,644,719 | -€486,763 | -15.5% |
| Non-recurring operating income | 76A | €940 | €940 | = | 0.0% |
| Operating charges | 60/66A | €3,414,264 | €3,015,264 | -€399,000 | -11.7% |
| Services and other goods | 61 | €1,363,190 | €1,382,229 | +€19,039 | +1.4% |
| Remuneration, social security and pensions | 62 | €1,614,649 | €1,254,534 | -€360,115 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,409 | €223,591 | +€5,182 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,356 | -€83,309 | -€92,665 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,000 | - | -€25,000 | |
| Other operating charges | 640/8 | €183,660 | €238,219 | +€54,559 | +29.7% |
| Operating profit (loss) | 9901 | €382,573 | €309,721 | -€72,852 | -19.0% |
| Financial income | 75/76B | €2,071,975 | €767,528 | -€1.3m | -63.0% |
| Recurring financial income | 75 | €704,068 | €767,528 | +€63,459 | +9.0% |
| Income from financial fixed assets | 750 | €133,000 | €50,000 | -€83,000 | -62.4% |
| Income from current assets | 751 | €571,068 | €717,527 | +€146,459 | +25.6% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | €1,367,907 | - | -€1.4m | |
| Financial charges | 65/66B | €5,375,644 | €3,863,881 | -€1.5m | -28.1% |
| Recurring financial charges | 65 | €692,275 | €886,480 | +€194,205 | +28.1% |
| Debt charges | 650 | €670,544 | €833,549 | +€163,004 | +24.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €10,369 | €15,607 | +€5,238 | +50.5% |
| Other financial charges | 652/9 | €11,362 | €37,325 | +€25,963 | +229% |
| Non-recurring financial charges | 66B | €4,683,369 | €2,977,401 | -€1.7m | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,921,095 | -€2,786,633 | +€134,462 | +4.6% |
| Income taxes | 67/77 | €3,359 | €1,798 | -€1,561 | -46.5% |
| Taxes | 670/3 | €3,359 | €1,798 | -€1,561 | -46.5% |
| Profit (loss) for the period | 9904 | -€2,924,454 | -€2,788,431 | +€136,023 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,924,454 | -€2,788,431 | +€136,023 | +4.7% |
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 25 October 2026 via checked.be.