Dave Bosmans: 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.
Dave Bosmans
Largest movements
- Cash -€51,590
down €51,590 (-75.0%), from €68,825 to €17,235
mainly Stocks and contracts (-€29,639) and Other debts (-€27,349)
- Stocks and contracts +€29,639
new in 2025: €29,639
- Tangible fixed assets -€17,372
down €17,372 (-24.1%), from €72,013 to €54,641
of which Furniture and vehicles: -€16,149
- Receivables within one year +€9,591
up €9,591 (+26.4%), from €36,355 to €45,946
of which Trade receivables: +€5,550
- Other debts -€27,349
down €27,349 (-65.2%), from €41,947 to €14,598
- Profit (loss) carried forward -€14,047
new in 2025: -€14,047
- Trade debts +€10,324
up €10,324 (+119%), from €8,673 to €18,997
- Tax, wage and social debts +€2,819
up €2,819 (+117%), from €2,402 to €5,221
- Advances received -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin -€30,118
down €30,118 (-74.1%), from €40,630 to €10,512
- Write-downs -€7,644
no longer reported in 2025 (was €7,644)
- Depreciation +€3,674
up €3,674 (+17.9%), from €20,550 to €24,224
- Taxes -€2,808
down €2,808 (-96.9%), from €2,898 to €90
- Financial charges -€1,919
down €1,919 (-45.9%), from €4,177 to €2,258
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 | €185,825 | €155,438 | -€30,388 | -16.4% |
| Fixed assets | 21/28 | €72,198 | €54,826 | -€17,372 | -24.1% |
| Tangible fixed assets | 22/27 | €72,013 | €54,641 | -€17,372 | -24.1% |
| Land and buildings | 22 | €3,855 | €2,991 | -€864 | -22.4% |
| Plant, machinery and equipment | 23 | €21,583 | €21,225 | -€359 | -1.7% |
| Furniture and vehicles | 24 | €46,575 | €30,426 | -€16,149 | -34.7% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €113,627 | €100,611 | -€13,016 | -11.5% |
| Stocks and contracts in progress | 3 | - | €29,639 | +€29,639 | |
| Contracts in progress | 37 | - | €29,639 | +€29,639 | |
| Amounts receivable within one year | 40/41 | €36,355 | €45,946 | +€9,591 | +26.4% |
| Trade receivables | 40 | €25,379 | €30,929 | +€5,550 | +21.9% |
| Other amounts receivable | 41 | €10,976 | €15,017 | +€4,041 | +36.8% |
| Cash at bank and in hand | 54/58 | €68,825 | €17,235 | -€51,590 | -75.0% |
| Deferred charges and accrued income | 490/1 | €8,447 | €7,791 | -€656 | -7.8% |
| Total equity and liabilities | 10/49 | €185,825 | €155,438 | -€30,388 | -16.4% |
| Equity | 10/15 | €105,700 | €89,793 | -€15,907 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,100 | €85,240 | -€1,860 | -2.1% |
| Distributable reserves | 133 | €87,100 | €85,240 | -€1,860 | -2.1% |
| Profit (loss) carried forward | 14 | - | -€14,047 | -€14,047 | |
| Amounts payable | 17/49 | €80,125 | €65,644 | -€14,481 | -18.1% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €55,022 | €38,816 | -€16,206 | -29.5% |
| Trade debts | 44 | €8,673 | €18,997 | +€10,324 | +119% |
| Suppliers | 440/4 | €8,673 | €18,997 | +€10,324 | +119% |
| Advances received on contracts in progress | 46 | €2,000 | - | -€2,000 | |
| Taxes, remuneration and social security | 45 | €2,402 | €5,221 | +€2,819 | +117% |
| Taxes | 450/3 | €2,402 | €5,221 | +€2,819 | +117% |
| Other amounts payable | 47/48 | €41,947 | €14,598 | -€27,349 | -65.2% |
| Accrued charges and deferred income | 492/3 | €103 | €1,828 | +€1,725 | +1,672% |
| Non-recurring operating income | 76A | - | €9,200 | +€9,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,550 | €24,224 | +€3,674 | +17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,644 | - | -€7,644 | |
| Other operating charges | 640/8 | €31 | €343 | +€312 | +1,013% |
| Gross operating margin | 9900 | €40,630 | €10,512 | -€30,118 | -74.1% |
| Operating profit (loss) | 9901 | €12,405 | -€14,055 | -€26,460 | |
| Financial income | 75/76B | €1,969 | €496 | -€1,473 | -74.8% |
| Recurring financial income | 75 | €1,969 | €496 | -€1,473 | -74.8% |
| Financial charges | 65/66B | €4,177 | €2,258 | -€1,919 | -45.9% |
| Recurring financial charges | 65 | €4,177 | €2,258 | -€1,919 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €10,197 | -€15,817 | -€26,014 | |
| Income taxes | 67/77 | €2,898 | €90 | -€2,808 | -96.9% |
| Profit (loss) for the period | 9904 | €7,299 | -€15,907 | -€23,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,299 | -€15,907 | -€23,206 |
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 27 October 2026 via checked.be.