DEN BOSUIL: 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.
What changed
DEN BOSUIL
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.1m-€320,917
Equity
€37.0m
2024 · €35.2m+€1.8m
Cash
€3.8m
2024 · €319,359+€3.5m
Balance sheet total
€40.2m
2024 · €36.8m+€3.4m
Largest movements
Assets
- Receivables after one year -€3.9m
down €3.9m (-91.0%), from €4.2m to €380,000
- Cash +€3.5m
up €3.5m (+1,089%), from €319,359 to €3.8m
mainly Receivables after one year (+€3.9m) and Net result for the year (+€1.8m)
- Tangible fixed assets +€2.8m
up €2.8m (+45.3%), from €6.2m to €9.0m
of which Land and buildings: +€1.6m
- Current investments +€1.0m
up €1.0m (+4.0%), from €25.6m to €26.6m
Equity and liabilities
- Profit (loss) carried forward +€1.8m
up €1.8m (+5.1%), from €34.2m to €35.9m
- Debts after one year +€1.2m
up €1.2m (+178%), from €680,199 to €1.9m
- Trade debts +€464,732
up €464,732 (+396%), from €117,472 to €582,204
Income statement
- Gross operating margin -€715,666
down €715,666 (-24.3%), from €2.9m to €2.2m
- Financial income +€649,874
up €649,874 (+84.9%), from €765,820 to €1.4m
- Depreciation +€110,676
up €110,676 (+17.7%), from €625,356 to €736,031
- Financial charges +€101,460
up €101,460 (+98.8%), from €102,682 to €204,141
- Write-downs -€68,243
down €68,243, from €36,674 to -€31,568
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.
Result 2024
€2.1m
Gross operating margin
-€715,666
Depreciation
-€110,676
Write-downs
+€68,243
Other operating charges
-€61,047
Financial income
+€649,874
Financial charges
-€101,460
Taxes
-€46,384
Deferred taxes and other
-€3,801
Result 2025
€1.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€6.8m
Investment
-€4.6m
Financing
+€1.2m
Cash 2024
€319,359
From operations (derived)
+€6.8m
Net result for the year
+€1.8m
Depreciation
+€736,031
Receivables after one year
+€3.9m
Receivables within one year
+€205,396
Deferred charges and accrued income
-€104,066
Trade debts
+€464,732
Tax, wage and social debts
-€28,944
Other debts
+€18,559
Accrued charges and deferred income
-€59,200
Investment (derived)
-€4.6m
Investment in fixed assets (net)
-€3.5m
Current investments
-€1.0m
Financing
+€1.2m
Debts after one year
+€1.2m
Current portion of long-term debt
-€5,923
Cash 2025
€3.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,839,634 | €40,191,784 | +€3.4m | +9.1% |
| Fixed assets | 21/28 | €6,169,023 | €8,970,132 | +€2.8m | +45.4% |
| Tangible fixed assets | 22/27 | €6,169,023 | €8,964,532 | +€2.8m | +45.3% |
| Land and buildings | 22 | €4,402,281 | €5,959,486 | +€1.6m | +35.4% |
| Plant, machinery and equipment | 23 | €1,762,796 | €3,003,446 | +€1.2m | +70.4% |
| Furniture and vehicles | 24 | €3,947 | €1,599 | -€2,347 | -59.5% |
| Financial fixed assets | 28 | - | €5,600 | +€5,600 | |
| Current assets | 29/58 | €30,670,610 | €31,221,652 | +€551,042 | +1.8% |
| Amounts receivable after more than one year | 29 | €4,230,000 | €380,000 | -€3.9m | -91.0% |
| Other amounts receivable | 291 | €4,230,000 | €380,000 | -€3.9m | -91.0% |
| Amounts receivable within one year | 40/41 | €485,896 | €280,500 | -€205,396 | -42.3% |
| Trade receivables | 40 | €435,896 | €269,422 | -€166,474 | -38.2% |
| Other amounts receivable | 41 | €50,000 | €11,077 | -€38,923 | -77.8% |
| Current investments | 50/53 | €25,593,981 | €26,618,338 | +€1.0m | +4.0% |
| Cash at bank and in hand | 54/58 | €319,359 | €3,797,375 | +€3.5m | +1,089% |
| Deferred charges and accrued income | 490/1 | €41,374 | €145,439 | +€104,066 | +252% |
| Total equity and liabilities | 10/49 | €36,839,634 | €40,191,784 | +€3.4m | +9.1% |
| Equity | 10/15 | €35,209,115 | €36,960,438 | +€1.8m | +5.0% |
| Contributions | 10/11 | €745,000 | €745,000 | = | 0.0% |
| Capital | 10 | €745,000 | €745,000 | = | 0.0% |
| Issued capital | 100 | €745,000 | €745,000 | = | 0.0% |
| Reserves | 13 | €279,653 | €278,940 | -€713 | -0.3% |
| Non-distributable reserves | 130/1 | €93,100 | €93,100 | = | 0.0% |
| Legal reserve | 130 | €74,500 | €74,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,600 | €18,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,136 | €38,424 | -€713 | -1.8% |
| Distributable reserves | 133 | €147,417 | €147,417 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,184,462 | €35,936,498 | +€1.8m | +5.1% |
| Amounts payable | 17/49 | €1,630,519 | €3,231,346 | +€1.6m | +98.2% |
| Amounts payable after more than one year | 17 | €680,199 | €1,891,802 | +€1.2m | +178% |
| Financial debts | 170/4 | €680,199 | €1,891,802 | +€1.2m | +178% |
| Amounts payable within one year | 42/48 | €611,383 | €1,059,807 | +€448,424 | +73.3% |
| Current portion of amounts payable after more than one year | 42 | €380,920 | €374,997 | -€5,923 | -1.6% |
| Trade debts | 44 | €117,472 | €582,204 | +€464,732 | +396% |
| Suppliers | 440/4 | €117,472 | €582,204 | +€464,732 | +396% |
| Taxes, remuneration and social security | 45 | €76,980 | €48,036 | -€28,944 | -37.6% |
| Taxes | 450/3 | €76,980 | €48,036 | -€28,944 | -37.6% |
| Other amounts payable | 47/48 | €36,011 | €54,570 | +€18,559 | +51.5% |
| Accrued charges and deferred income | 492/3 | €338,937 | €279,737 | -€59,200 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625,356 | €736,031 | +€110,676 | +17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,674 | -€31,568 | -€68,243 | |
| Other operating charges | 640/8 | €301,315 | €362,361 | +€61,047 | +20.3% |
| Gross operating margin | 9900 | €2,943,696 | €2,228,030 | -€715,666 | -24.3% |
| Operating profit (loss) | 9901 | €1,980,351 | €1,161,205 | -€819,145 | -41.4% |
| Financial income | 75/76B | €765,820 | €1,415,694 | +€649,874 | +84.9% |
| Recurring financial income | 75 | €765,820 | €1,415,694 | +€649,874 | +84.9% |
| Financial charges | 65/66B | €102,682 | €204,141 | +€101,460 | +98.8% |
| Recurring financial charges | 65 | €102,682 | €204,141 | +€101,460 | +98.8% |
| Profit (loss) for the period before taxes | 9903 | €2,643,489 | €2,372,758 | -€270,731 | -10.2% |
| Transfer from deferred taxes | 780 | €3,801 | - | -€3,801 | |
| Income taxes | 67/77 | €575,051 | €621,435 | +€46,384 | +8.1% |
| Profit (loss) for the period | 9904 | €2,072,240 | €1,751,323 | -€320,917 | -15.5% |
| Transfer from tax-exempt reserves | 789 | €10,692 | €713 | -€9,979 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,082,931 | €1,752,035 | -€330,896 | -15.9% |
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.