Bozdag Team: 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.
Bozdag Team
Largest movements
- Receivables within one year +€31,525
up €31,525 (+55.2%), from €57,074 to €88,599
of which Trade receivables: +€32,424
- Tangible fixed assets -€5,654
down €5,654 (-6.2%), from €91,491 to €85,837
of which Furniture and vehicles: -€16,658
- Cash -€3,293
down €3,293 (-99.9%), from €3,296 to €3
mainly Investment in fixed assets (net) (-€36,030) and Receivables within one year (-€31,525)
- Other debts +€23,362
up €23,362 (+11,681%), from €200 to €23,562
- Profit (loss) carried forward -€19,972
down €19,972 (-33.1%), from -€60,274 to -€80,246
- Tax, wage and social debts +€10,914
up €10,914 (+32.3%), from €33,789 to €44,703
of which Remuneration and social security: +€11,035
- Trade debts +€7,688
up €7,688 (+9.7%), from €79,422 to €87,110
- Advances received +€5,068
up €5,068 (+39.9%), from €12,698 to €17,766
- Gross operating margin +€51,851
up €51,851, from -€26,224 to €25,627
- Other operating charges -€14,527
down €14,527 (-89.7%), from €16,201 to €1,673
- Depreciation +€10,863
up €10,863 (+35.2%), from €30,821 to €41,684
- Staff costs -€983
down €983 (-44.1%), from €2,231 to €1,248
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 | €151,861 | €174,438 | +€22,577 | +14.9% |
| Fixed assets | 21/28 | €91,491 | €85,837 | -€5,654 | -6.2% |
| Tangible fixed assets | 22/27 | €91,491 | €85,837 | -€5,654 | -6.2% |
| Plant, machinery and equipment | 23 | €3,322 | €1,762 | -€1,561 | -47.0% |
| Furniture and vehicles | 24 | €23,305 | €6,647 | -€16,658 | -71.5% |
| Leasing and similar rights | 25 | - | €29,140 | +€29,140 | |
| Other tangible fixed assets | 26 | €64,864 | €48,289 | -€16,575 | -25.6% |
| Current assets | 29/58 | €60,370 | €88,601 | +€28,232 | +46.8% |
| Amounts receivable within one year | 40/41 | €57,074 | €88,599 | +€31,525 | +55.2% |
| Trade receivables | 40 | €41,885 | €74,309 | +€32,424 | +77.4% |
| Other amounts receivable | 41 | €15,190 | €14,290 | -€900 | -5.9% |
| Cash at bank and in hand | 54/58 | €3,296 | €3 | -€3,293 | -99.9% |
| Total equity and liabilities | 10/49 | €151,861 | €174,438 | +€22,577 | +14.9% |
| Equity | 10/15 | €21,270 | €1,297 | -€19,972 | -93.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,343 | €75,343 | = | 0.0% |
| 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 | €73,483 | €73,483 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,274 | -€80,246 | -€19,972 | -33.1% |
| Amounts payable | 17/49 | €130,591 | €173,141 | +€42,549 | +32.6% |
| Amounts payable within one year | 42/48 | €130,591 | €173,141 | +€42,549 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €4,482 | - | -€4,482 | |
| Trade debts | 44 | €79,422 | €87,110 | +€7,688 | +9.7% |
| Suppliers | 440/4 | €79,422 | €87,110 | +€7,688 | +9.7% |
| Advances received on contracts in progress | 46 | €12,698 | €17,766 | +€5,068 | +39.9% |
| Taxes, remuneration and social security | 45 | €33,789 | €44,703 | +€10,914 | +32.3% |
| Taxes | 450/3 | €24,051 | €23,930 | -€121 | -0.5% |
| Remuneration and social security | 454/9 | €9,739 | €20,774 | +€11,035 | +113% |
| Other amounts payable | 47/48 | €200 | €23,562 | +€23,362 | +11,681% |
| Remuneration, social security and pensions | 62 | €2,231 | €1,248 | -€983 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,821 | €41,684 | +€10,863 | +35.2% |
| Other operating charges | 640/8 | €16,201 | €1,673 | -€14,527 | -89.7% |
| Gross operating margin | 9900 | -€26,224 | €25,627 | +€51,851 | |
| Operating profit (loss) | 9901 | -€75,477 | -€18,978 | +€56,498 | +74.9% |
| Financial income | 75/76B | €1 | €33 | +€32 | +4,247% |
| Recurring financial income | 75 | €1 | €33 | +€32 | +4,247% |
| Financial charges | 65/66B | €1,269 | €1,026 | -€243 | -19.2% |
| Recurring financial charges | 65 | €1,269 | €1,026 | -€243 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€76,746 | -€19,972 | +€56,773 | +74.0% |
| Income taxes | 67/77 | €247 | - | -€247 | |
| Profit (loss) for the period | 9904 | -€76,993 | -€19,972 | +€57,020 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,993 | -€19,972 | +€57,020 | +74.1% |
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 1 November 2026 via checked.be.