BOYAS 21: 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.
BOYAS 21
Largest movements
- Receivables within one year +€69,785
up €69,785 (+94.7%), from €73,706 to €143,490
of which Trade receivables: +€59,348
- Tangible fixed assets +€20,584
up €20,584 (+75.3%), from €27,353 to €47,937
- Cash -€4,113
down €4,113 (-17.7%), from €23,294 to €19,181
mainly Receivables within one year (-€69,785) and Investment in fixed assets (net) (-€31,000)
- Profit (loss) carried forward +€41,126
up €41,126 (+858%), from €4,793 to €45,919
- Tax, wage and social debts +€18,042
up €18,042 (+75.7%), from €23,837 to €41,879
of which Taxes: +€10,269
- Trade debts +€13,052
up €13,052 (+57.5%), from €22,696 to €35,748
- Current portion of long-term debt +€10,361
up €10,361 (+107%), from €9,704 to €20,064
- Debts after one year +€3,586
up €3,586 (+21.9%), from €16,399 to €19,985
- Turnover -€200,301
no longer reported in 2025 (was €200,301)
- Staff costs +€124,265
up €124,265 (+480%), from €25,903 to €150,168
- Gross operating margin +€119,486
up €119,486 (+122%), from €97,939 to €217,425
- Purchases and services -€107,317
no longer reported in 2025 (was €107,317)
- Depreciation +€7,770
up €7,770 (+294%), from €2,647 to €10,416
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 | €126,429 | €212,926 | +€86,497 | +68.4% |
| Fixed assets | 21/28 | €27,353 | €47,937 | +€20,584 | +75.3% |
| Tangible fixed assets | 22/27 | €27,353 | €47,937 | +€20,584 | +75.3% |
| Furniture and vehicles | 24 | €27,353 | €47,937 | +€20,584 | +75.3% |
| Current assets | 29/58 | €99,075 | €164,989 | +€65,913 | +66.5% |
| Amounts receivable within one year | 40/41 | €73,706 | €143,490 | +€69,785 | +94.7% |
| Trade receivables | 40 | €69,142 | €128,490 | +€59,348 | +85.8% |
| Other amounts receivable | 41 | €4,563 | €15,000 | +€10,437 | +229% |
| Cash at bank and in hand | 54/58 | €23,294 | €19,181 | -€4,113 | -17.7% |
| Deferred charges and accrued income | 490/1 | €2,076 | €2,317 | +€242 | +11.6% |
| Total equity and liabilities | 10/49 | €126,429 | €212,926 | +€86,497 | +68.4% |
| Equity | 10/15 | €53,793 | €94,919 | +€41,126 | +76.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,793 | €45,919 | +€41,126 | +858% |
| Amounts payable | 17/49 | €72,636 | €118,007 | +€45,370 | +62.5% |
| Amounts payable after more than one year | 17 | €16,399 | €19,985 | +€3,586 | +21.9% |
| Financial debts | 170/4 | €16,399 | €19,985 | +€3,586 | +21.9% |
| Amounts payable within one year | 42/48 | €56,237 | €98,021 | +€41,784 | +74.3% |
| Current portion of amounts payable after more than one year | 42 | €9,704 | €20,064 | +€10,361 | +107% |
| Trade debts | 44 | €22,696 | €35,748 | +€13,052 | +57.5% |
| Suppliers | 440/4 | €22,696 | €35,748 | +€13,052 | +57.5% |
| Taxes, remuneration and social security | 45 | €23,837 | €41,879 | +€18,042 | +75.7% |
| Taxes | 450/3 | €18,210 | €28,479 | +€10,269 | +56.4% |
| Remuneration and social security | 454/9 | €5,627 | €13,400 | +€7,773 | +138% |
| Other amounts payable | 47/48 | - | €330 | +€330 | |
| Turnover | 70 | €200,301 | - | -€200,301 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €107,317 | - | -€107,317 | |
| Remuneration, social security and pensions | 62 | €25,903 | €150,168 | +€124,265 | +480% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,647 | €10,416 | +€7,770 | +294% |
| Other operating charges | 640/8 | €431 | €1,827 | +€1,395 | +324% |
| Gross operating margin | 9900 | €97,939 | €217,425 | +€119,486 | +122% |
| Operating profit (loss) | 9901 | €68,959 | €55,014 | -€13,945 | -20.2% |
| Financial income | 75/76B | €77 | €0 | -€77 | -99.8% |
| Recurring financial income | 75 | €77 | €0 | -€77 | -99.8% |
| Financial charges | 65/66B | €1,033 | €2,068 | +€1,035 | +100% |
| Recurring financial charges | 65 | €1,033 | €2,068 | +€1,035 | +100% |
| Profit (loss) for the period before taxes | 9903 | €68,003 | €52,946 | -€15,057 | -22.1% |
| Income taxes | 67/77 | €18,210 | €11,819 | -€6,390 | -35.1% |
| Profit (loss) for the period | 9904 | €49,793 | €41,126 | -€8,666 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,793 | €41,126 | -€8,666 | -17.4% |
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 16 October 2026 via checked.be.