DE BOEI: 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.
DE BOEI
Largest movements
- Tangible fixed assets +€290,102
up €290,102 (+127.1%), from €228,184 to €518,286
of which Land and buildings: +€290,245
- Cash -€7,466
down €7,466 (-63.4%), from €11,780 to €4,313
mainly Investment in fixed assets (net) (-€301,713) and Contributions, distributions and other (-€25,000)
- Debts after one year +€271,492
up €271,492 (+153.5%), from €176,833 to €448,325
- Current portion of long-term debt +€17,476
up €17,476 (+124.0%), from €14,090 to €31,567
- Reserves -€12,825
down €12,825 (-17.8%), from €72,119 to €59,295
- Other debts +€7,250
up €7,250 (+131.1%), from €5,532 to €12,782
- Gross operating margin -€43,827
down €43,827 (-53.6%), from €81,769 to €37,942
- Taxes -€10,743
down €10,743 (-58.4%), from €18,381 to €7,638
- Financial charges +€2,017
up €2,017 (+67.6%), from €2,982 to €5,000
- Depreciation +€1,890
up €1,890 (+19.4%), from €9,721 to €11,611
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.
Cash bridge derived
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 | €302,884 | €587,531 | +€284,647 | +94.0% |
| Fixed assets | 21/28 | €228,184 | €518,286 | +€290,102 | +127.1% |
| Tangible fixed assets | 22/27 | €228,184 | €518,286 | +€290,102 | +127.1% |
| Land and buildings | 22 | €227,999 | €518,244 | +€290,245 | +127.3% |
| Plant, machinery and equipment | 23 | €185 | €42 | -€143 | -77.2% |
| Current assets | 29/58 | €74,701 | €69,245 | -€5,455 | -7.3% |
| Amounts receivable within one year | 40/41 | €62,921 | €64,557 | +€1,636 | +2.6% |
| Trade receivables | 40 | €62,921 | €57,195 | -€5,726 | -9.1% |
| Other amounts receivable | 41 | €0 | €7,362 | +€7,362 | |
| Cash at bank and in hand | 54/58 | €11,780 | €4,313 | -€7,466 | -63.4% |
| Deferred charges and accrued income | 490/1 | - | €375 | +€375 | |
| Total equity and liabilities | 10/49 | €302,884 | €587,531 | +€284,647 | +94.0% |
| Equity | 10/15 | €102,119 | €89,295 | -€12,825 | -12.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €72,119 | €59,295 | -€12,825 | -17.8% |
| Distributable reserves | 133 | €72,119 | €59,295 | -€12,825 | -17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €200,765 | €498,237 | +€297,472 | +148.2% |
| Amounts payable after more than one year | 17 | €176,833 | €448,325 | +€271,492 | +153.5% |
| Financial debts | 170/4 | €176,833 | €448,325 | +€271,492 | +153.5% |
| Amounts payable within one year | 42/48 | €23,932 | €46,912 | +€22,980 | +96.0% |
| Current portion of amounts payable after more than one year | 42 | €14,090 | €31,567 | +€17,476 | +124.0% |
| Trade debts | 44 | €929 | €309 | -€620 | -66.7% |
| Suppliers | 440/4 | €929 | €309 | -€620 | -66.7% |
| Taxes, remuneration and social security | 45 | €3,381 | €2,254 | -€1,127 | -33.3% |
| Taxes | 450/3 | €3,381 | €2,254 | -€1,127 | -33.3% |
| Other amounts payable | 47/48 | €5,532 | €12,782 | +€7,250 | +131.1% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,721 | €11,611 | +€1,890 | +19.4% |
| Other operating charges | 640/8 | €1,591 | €1,519 | -€72 | -4.5% |
| Gross operating margin | 9900 | €81,769 | €37,942 | -€43,827 | -53.6% |
| Operating profit (loss) | 9901 | €70,458 | €24,813 | -€45,645 | -64.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,982 | €5,000 | +€2,017 | +67.6% |
| Recurring financial charges | 65 | €2,982 | €5,000 | +€2,017 | +67.6% |
| Profit (loss) for the period before taxes | 9903 | €67,475 | €19,813 | -€47,662 | -70.6% |
| Income taxes | 67/77 | €18,381 | €7,638 | -€10,743 | -58.4% |
| Profit (loss) for the period | 9904 | €49,094 | €12,175 | -€36,919 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,094 | €12,175 | -€36,919 | -75.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.