BOZAR: 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.
BOZAR
Largest movements
- Tangible fixed assets +€81,172
up €81,172 (+302.2%), from €26,859 to €108,031
of which Furniture and vehicles: +€84,663
- Receivables within one year -€18,688
down €18,688 (-77.6%), from €24,067 to €5,379
of which Trade receivables: -€20,180
- Reserves +€40,000
up €40,000 (+21.4%), from €186,860 to €226,860
of which Distributable reserves: +€40,000
- Trade debts +€14,839
up €14,839 (+4475.5%), from €332 to €15,170
- Profit (loss) carried forward +€4,562
up €4,562 (+79.7%), from €5,725 to €10,287
- Gross operating margin -€50,781
down €50,781 (-42.4%), from €119,670 to €68,889
- Taxes -€14,379
down €14,379 (-45.1%), from €31,891 to €17,512
- Financial charges -€2,572
down €2,572 (-93.6%), from €2,747 to €175
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,760 | €317,262 | +€60,502 | +23.6% |
| Fixed assets | 21/28 | €26,859 | €108,031 | +€81,172 | +302.2% |
| Tangible fixed assets | 22/27 | €26,859 | €108,031 | +€81,172 | +302.2% |
| Plant, machinery and equipment | 23 | €4,192 | €701 | -€3,491 | -83.3% |
| Furniture and vehicles | 24 | €22,667 | €107,330 | +€84,663 | +373.5% |
| Current assets | 29/58 | €229,900 | €209,230 | -€20,670 | -9.0% |
| Amounts receivable within one year | 40/41 | €24,067 | €5,379 | -€18,688 | -77.6% |
| Trade receivables | 40 | €20,776 | €596 | -€20,180 | -97.1% |
| Other amounts receivable | 41 | €3,291 | €4,783 | +€1,492 | +45.3% |
| Cash at bank and in hand | 54/58 | €205,833 | €203,702 | -€2,131 | -1.0% |
| Deferred charges and accrued income | 490/1 | - | €150 | +€150 | |
| Total equity and liabilities | 10/49 | €256,760 | €317,262 | +€60,502 | +23.6% |
| Equity | 10/15 | €211,185 | €255,747 | +€44,562 | +21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,860 | €226,860 | +€40,000 | +21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €185,000 | €225,000 | +€40,000 | +21.6% |
| Profit (loss) carried forward | 14 | €5,725 | €10,287 | +€4,562 | +79.7% |
| Amounts payable | 17/49 | €45,575 | €61,514 | +€15,939 | +35.0% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,575 | €56,514 | +€15,939 | +39.3% |
| Trade debts | 44 | €332 | €15,170 | +€14,839 | +4475.5% |
| Suppliers | 440/4 | €332 | €15,170 | +€14,839 | +4475.5% |
| Taxes, remuneration and social security | 45 | €5,453 | €5,539 | +€86 | +1.6% |
| Taxes | 450/3 | €5,453 | €5,539 | +€86 | +1.6% |
| Other amounts payable | 47/48 | €34,790 | €35,805 | +€1,014 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,291 | €6,317 | -€974 | -13.4% |
| Other operating charges | 640/8 | €657 | €1,308 | +€652 | +99.2% |
| Gross operating margin | 9900 | €119,670 | €68,889 | -€50,781 | -42.4% |
| Operating profit (loss) | 9901 | €111,723 | €61,264 | -€50,459 | -45.2% |
| Financial income | 75/76B | €608 | €985 | +€377 | +62.0% |
| Recurring financial income | 75 | €608 | €985 | +€377 | +62.0% |
| Financial charges | 65/66B | €2,747 | €175 | -€2,572 | -93.6% |
| Recurring financial charges | 65 | €2,747 | €175 | -€2,572 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €109,584 | €62,074 | -€47,509 | -43.4% |
| Income taxes | 67/77 | €31,891 | €17,512 | -€14,379 | -45.1% |
| Profit (loss) for the period | 9904 | €77,693 | €44,562 | -€33,130 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,693 | €44,562 | -€33,130 | -42.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.