Dirk Boffé: 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.
Dirk Boffé
Largest movements
- Receivables within one year +€38,010
up €38,010 (+62.7%), from €60,654 to €98,664
- Deferred charges and accrued income +€32,710
up €32,710 (+1,231%), from €2,656 to €35,366
- Tangible fixed assets +€25,190
up €25,190 (+25.3%), from €99,557 to €124,748
of which Furniture and vehicles: +€27,302
- Reserves +€84,179
up €84,179 (+8.9%), from €945,502 to €1.0m
- Tax, wage and social debts +€13,713
up €13,713 (+97.7%), from €14,041 to €27,754
- Financial income +€23,338
up €23,338 (+57.3%), from €40,744 to €64,081
- Gross operating margin +€14,914
up €14,914 (+20.0%), from €74,647 to €89,561
- Depreciation +€9,962
up €9,962 (+50.3%), from €19,807 to €29,769
- Other operating charges +€3,243
up €3,243 (+210%), from €1,541 to €4,783
- Taxes +€2,260
up €2,260 (+7.0%), from €32,281 to €34,541
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €979,421 | €1,078,855 | +€99,434 | +10.2% |
| Fixed assets | 21/28 | €105,699 | €130,889 | +€25,190 | +23.8% |
| Tangible fixed assets | 22/27 | €99,557 | €124,748 | +€25,190 | +25.3% |
| Plant, machinery and equipment | 23 | €2,763 | €652 | -€2,111 | -76.4% |
| Furniture and vehicles | 24 | €96,795 | €124,096 | +€27,302 | +28.2% |
| Financial fixed assets | 28 | €6,141 | €6,141 | = | 0.0% |
| Current assets | 29/58 | €873,722 | €947,966 | +€74,243 | +8.5% |
| Amounts receivable after more than one year | 29 | €440,000 | €440,000 | = | 0.0% |
| Other amounts receivable | 291 | €440,000 | €440,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,654 | €98,664 | +€38,010 | +62.7% |
| Other amounts receivable | 41 | €60,654 | €98,664 | +€38,010 | +62.7% |
| Current investments | 50/53 | €365,000 | €370,000 | +€5,000 | +1.4% |
| Cash at bank and in hand | 54/58 | €5,412 | €3,935 | -€1,477 | -27.3% |
| Deferred charges and accrued income | 490/1 | €2,656 | €35,366 | +€32,710 | +1,231% |
| Total equity and liabilities | 10/49 | €979,421 | €1,078,855 | +€99,434 | +10.2% |
| Equity | 10/15 | €964,437 | €1,048,616 | +€84,179 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €945,502 | €1,029,680 | +€84,179 | +8.9% |
| Distributable reserves | 133 | €945,502 | €1,029,680 | +€84,179 | +8.9% |
| Profit (loss) carried forward | 14 | €336 | €336 | = | 0.0% |
| Amounts payable | 17/49 | €14,984 | €30,238 | +€15,255 | +102% |
| Amounts payable within one year | 42/48 | €14,984 | €30,238 | +€15,255 | +102% |
| Trade debts | 44 | €943 | €2,484 | +€1,542 | +164% |
| Suppliers | 440/4 | €943 | €2,484 | +€1,542 | +164% |
| Taxes, remuneration and social security | 45 | €14,041 | €27,754 | +€13,713 | +97.7% |
| Taxes | 450/3 | €14,041 | €27,754 | +€13,713 | +97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,807 | €29,769 | +€9,962 | +50.3% |
| Other operating charges | 640/8 | €1,541 | €4,783 | +€3,243 | +210% |
| Gross operating margin | 9900 | €74,647 | €89,561 | +€14,914 | +20.0% |
| Operating profit (loss) | 9901 | €53,299 | €55,009 | +€1,710 | +3.2% |
| Financial income | 75/76B | €40,744 | €64,081 | +€23,338 | +57.3% |
| Recurring financial income | 75 | €40,744 | €64,081 | +€23,338 | +57.3% |
| Financial charges | 65/66B | €347 | €370 | +€23 | +6.7% |
| Recurring financial charges | 65 | €347 | €370 | +€23 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €93,696 | €118,720 | +€25,024 | +26.7% |
| Income taxes | 67/77 | €32,281 | €34,541 | +€2,260 | +7.0% |
| Profit (loss) for the period | 9904 | €61,415 | €84,179 | +€22,764 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,415 | €84,179 | +€22,764 | +37.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.