De Bosduif: 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.
De Bosduif
Largest movements
- Tangible fixed assets -€72,732
down €72,732 (-10.8%), from €675,262 to €602,531
of which Land and buildings: -€82,199
- Stocks and contracts -€27,802
down €27,802 (-54.2%), from €51,320 to €23,518
- Receivables within one year -€11,633
down €11,633 (-39.7%), from €29,275 to €17,641
of which Trade receivables: -€12,224
- Cash +€9,478
up €9,478 (+49.4%), from €19,168 to €28,646
mainly Depreciation (+€86,433) and Other debts (+€75,365)
- Debts after one year -€135,738
down €135,738 (-27.0%), from €503,047 to €367,308
- Profit (loss) carried forward -€91,761
down €91,761 (-64.1%), from -€143,218 to -€234,978
- Other debts +€75,365
up €75,365 (+89.5%), from €84,212 to €159,577
- Trade debts +€69,647
up €69,647 (+70.4%), from €98,936 to €168,584
- Advances received -€15,681
down €15,681 (-78.5%), from €19,981 to €4,300
- Gross operating margin -€93,421
down €93,421 (-16.2%), from €575,842 to €482,421
- Staff costs -€18,333
down €18,333 (-3.9%), from €465,515 to €447,182
- Depreciation -€7,923
down €7,923 (-8.4%), from €94,356 to €86,433
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 | €777,283 | €673,614 | -€103,668 | -13.3% |
| Fixed assets | 21/28 | €677,012 | €603,281 | -€73,732 | -10.9% |
| Intangible fixed assets | 21 | €1,750 | €750 | -€1,000 | -57.1% |
| Tangible fixed assets | 22/27 | €675,262 | €602,531 | -€72,732 | -10.8% |
| Land and buildings | 22 | €673,193 | €590,994 | -€82,199 | -12.2% |
| Plant, machinery and equipment | 23 | €1,562 | €982 | -€580 | -37.1% |
| Furniture and vehicles | 24 | €507 | €10,554 | +€10,047 | +1,981% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €100,270 | €70,333 | -€29,937 | -29.9% |
| Stocks and contracts in progress | 3 | €51,320 | €23,518 | -€27,802 | -54.2% |
| Stocks | 30/36 | €51,320 | €23,518 | -€27,802 | -54.2% |
| Amounts receivable within one year | 40/41 | €29,275 | €17,641 | -€11,633 | -39.7% |
| Trade receivables | 40 | €29,275 | €17,051 | -€12,224 | -41.8% |
| Other amounts receivable | 41 | €0 | €590 | +€590 | |
| Cash at bank and in hand | 54/58 | €19,168 | €28,646 | +€9,478 | +49.4% |
| Deferred charges and accrued income | 490/1 | €507 | €528 | +€21 | +4.2% |
| Total equity and liabilities | 10/49 | €777,283 | €673,614 | -€103,668 | -13.3% |
| Equity | 10/15 | -€113,218 | -€204,978 | -€91,761 | -81.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,218 | -€234,978 | -€91,761 | -64.1% |
| Amounts payable | 17/49 | €890,500 | €878,592 | -€11,908 | -1.3% |
| Amounts payable after more than one year | 17 | €503,047 | €367,308 | -€135,738 | -27.0% |
| Financial debts | 170/4 | €503,047 | €367,308 | -€135,738 | -27.0% |
| Amounts payable within one year | 42/48 | €387,454 | €511,284 | +€123,830 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €139,488 | €139,488 | = | 0.0% |
| Trade debts | 44 | €98,936 | €168,584 | +€69,647 | +70.4% |
| Suppliers | 440/4 | €98,936 | €168,584 | +€69,647 | +70.4% |
| Advances received on contracts in progress | 46 | €19,981 | €4,300 | -€15,681 | -78.5% |
| Taxes, remuneration and social security | 45 | €44,835 | €39,335 | -€5,501 | -12.3% |
| Taxes | 450/3 | €8,252 | €1,517 | -€6,735 | -81.6% |
| Remuneration and social security | 454/9 | €36,583 | €37,818 | +€1,235 | +3.4% |
| Other amounts payable | 47/48 | €84,212 | €159,577 | +€75,365 | +89.5% |
| Non-recurring operating income | 76A | €0 | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | €465,515 | €447,182 | -€18,333 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,356 | €86,433 | -€7,923 | -8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,805 | €0 | +€2,805 | |
| Other operating charges | 640/8 | €6,651 | €6,869 | +€219 | +3.3% |
| Gross operating margin | 9900 | €575,842 | €482,421 | -€93,421 | -16.2% |
| Operating profit (loss) | 9901 | €12,125 | -€58,064 | -€70,189 | |
| Financial income | 75/76B | €871 | €713 | -€158 | -18.2% |
| Recurring financial income | 75 | €871 | €713 | -€158 | -18.2% |
| Financial charges | 65/66B | €36,943 | €34,410 | -€2,533 | -6.9% |
| Recurring financial charges | 65 | €36,943 | €34,410 | -€2,533 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,946 | -€91,761 | -€67,814 | -283% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€23,946 | -€91,761 | -€67,814 | -283% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,946 | -€91,761 | -€67,814 | -283% |
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 23 October 2026 via checked.be.