BOYRAZ INVEST: what changed
BOYRAZ INVEST
Largest movements
- Tangible fixed assets +€324,072
up €324,072 (+5,956%), from €5,441 to €329,513
of which Other tangible fixed assets: +€324,000
- Receivables within one year -€12,254
down €12,254 (-98.3%), from €12,463 to €209
of which Trade receivables: -€12,463
- Other debts +€257,100
up €257,100 (+5,204%), from €4,941 to €262,041
- Tax, wage and social debts +€32,675
up €32,675 (+509%), from €6,421 to €39,096
- Profit (loss) carried forward +€26,843
up €26,843, from -€4,669 to €22,174
- Current portion of long-term debt -€3,880
down €3,880 (-100%), from €3,880 to €0
- Trade debts -€3,487
down €3,487 (-54.7%), from €6,372 to €2,885
- Gross operating margin +€116,426
up €116,426 (+700%), from €16,640 to €133,066
- Depreciation +€82,793
up €82,793 (+43,635%), from €190 to €82,983
- Taxes +€11,603
up €11,603 (+888%), from €1,306 to €12,910
- Other operating charges +€4,669
up €4,669 (+913%), from €511 to €5,181
- Financial charges +€4,387
up €4,387 (+575%), from €763 to €5,150
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,945 | €329,749 | +€311,804 | +1,738% |
| Fixed assets | 21/28 | €5,441 | €329,513 | +€324,072 | +5,956% |
| Tangible fixed assets | 22/27 | €5,441 | €329,513 | +€324,072 | +5,956% |
| Plant, machinery and equipment | 23 | - | €1,949 | +€1,949 | |
| Furniture and vehicles | 24 | €5,441 | €3,564 | -€1,877 | -34.5% |
| Other tangible fixed assets | 26 | - | €324,000 | +€324,000 | |
| Current assets | 29/58 | €12,504 | €236 | -€12,268 | -98.1% |
| Amounts receivable within one year | 40/41 | €12,463 | €209 | -€12,254 | -98.3% |
| Trade receivables | 40 | €12,463 | €0 | -€12,463 | -100% |
| Other amounts receivable | 41 | €0 | €209 | +€209 | |
| Cash at bank and in hand | 54/58 | €41 | €27 | -€14 | -33.5% |
| Total equity and liabilities | 10/49 | €17,945 | €329,749 | +€311,804 | +1,738% |
| Equity | 10/15 | -€3,669 | €23,174 | +€26,843 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,669 | €22,174 | +€26,843 | |
| Amounts payable | 17/49 | €21,614 | €306,575 | +€284,961 | +1,318% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €21,614 | €304,101 | +€282,487 | +1,307% |
| Current portion of amounts payable after more than one year | 42 | €3,880 | €0 | -€3,880 | -100% |
| Financial debts | 43 | - | €79 | +€79 | |
| Credit institutions | 430/8 | - | €79 | +€79 | |
| Trade debts | 44 | €6,372 | €2,885 | -€3,487 | -54.7% |
| Suppliers | 440/4 | €6,372 | €2,885 | -€3,487 | -54.7% |
| Taxes, remuneration and social security | 45 | €6,421 | €39,096 | +€32,675 | +509% |
| Taxes | 450/3 | €6,421 | €39,096 | +€32,675 | +509% |
| Other amounts payable | 47/48 | €4,941 | €262,041 | +€257,100 | +5,204% |
| Accrued charges and deferred income | 492/3 | - | €2,474 | +€2,474 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190 | €82,983 | +€82,793 | +43,635% |
| Other operating charges | 640/8 | €511 | €5,181 | +€4,669 | +913% |
| Gross operating margin | 9900 | €16,640 | €133,066 | +€116,426 | +700% |
| Operating profit (loss) | 9901 | €15,939 | €44,903 | +€28,963 | +182% |
| Financial charges | 65/66B | €763 | €5,150 | +€4,387 | +575% |
| Recurring financial charges | 65 | €763 | €5,150 | +€4,387 | +575% |
| Profit (loss) for the period before taxes | 9903 | €15,176 | €39,753 | +€24,577 | +162% |
| Income taxes | 67/77 | €1,306 | €12,910 | +€11,603 | +888% |
| Profit (loss) for the period | 9904 | €13,869 | €26,843 | +€12,974 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,869 | €26,843 | +€12,974 | +93.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.