Dr. B. Bohy: 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.
Dr. B. Bohy
Largest movements
- Cash -€17,595
down €17,595 (-92.5%), from €19,027 to €1,432
mainly Investment in fixed assets (net) (-€28,991) and Debts after one year (-€28,124)
- Tangible fixed assets -€17,098
down €17,098 (-6.2%), from €275,420 to €258,321
of which Land and buildings: -€38,064
- Receivables within one year +€13,621
up €13,621 (+21.8%), from €62,443 to €76,064
of which Other amounts receivable: +€12,581
- Deferred charges and accrued income -€11,933
down €11,933 (-79.7%), from €14,976 to €3,043
- Debts after one year -€28,124
down €28,124 (-11.9%), from €235,999 to €207,875
- Gross operating margin -€6,520
down €6,520 (-9.1%), from €71,797 to €65,276
- Depreciation -€1,609
down €1,609 (-3.4%), from €47,699 to €46,089
- Financial charges -€1,007
down €1,007 (-13.4%), from €7,495 to €6,488
- Taxes +€922
up €922 (+26.5%), from €3,479 to €4,401
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 | €371,866 | €338,860 | -€33,006 | -8.9% |
| Fixed assets | 21/28 | €275,420 | €258,321 | -€17,098 | -6.2% |
| Tangible fixed assets | 22/27 | €275,420 | €258,321 | -€17,098 | -6.2% |
| Land and buildings | 22 | €271,910 | €233,847 | -€38,064 | -14.0% |
| Plant, machinery and equipment | 23 | €2,017 | €23,380 | +€21,363 | +1,059% |
| Furniture and vehicles | 24 | €1,492 | €1,095 | -€398 | -26.6% |
| Current assets | 29/58 | €96,446 | €80,539 | -€15,907 | -16.5% |
| Amounts receivable within one year | 40/41 | €62,443 | €76,064 | +€13,621 | +21.8% |
| Trade receivables | 40 | - | €1,040 | +€1,040 | |
| Other amounts receivable | 41 | €62,443 | €75,024 | +€12,581 | +20.1% |
| Cash at bank and in hand | 54/58 | €19,027 | €1,432 | -€17,595 | -92.5% |
| Deferred charges and accrued income | 490/1 | €14,976 | €3,043 | -€11,933 | -79.7% |
| Total equity and liabilities | 10/49 | €371,866 | €338,860 | -€33,006 | -8.9% |
| Equity | 10/15 | €91,629 | €89,754 | -€1,875 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,029 | €71,154 | -€1,875 | -2.6% |
| Tax-exempt reserves | 132 | €7,500 | €5,625 | -€1,875 | -25.0% |
| Distributable reserves | 133 | €65,529 | €65,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €280,238 | €249,107 | -€31,131 | -11.1% |
| Amounts payable after more than one year | 17 | €235,999 | €207,875 | -€28,124 | -11.9% |
| Financial debts | 170/4 | €235,999 | €207,875 | -€28,124 | -11.9% |
| Amounts payable within one year | 42/48 | €44,238 | €41,232 | -€3,007 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €29,319 | €26,752 | -€2,567 | -8.8% |
| Trade debts | 44 | €567 | €2,841 | +€2,274 | +401% |
| Suppliers | 440/4 | €567 | €2,841 | +€2,274 | +401% |
| Taxes, remuneration and social security | 45 | €4,306 | €3,492 | -€814 | -18.9% |
| Remuneration and social security | 454/9 | €4,306 | €3,492 | -€814 | -18.9% |
| Other amounts payable | 47/48 | €10,047 | €8,147 | -€1,900 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,699 | €46,089 | -€1,609 | -3.4% |
| Other operating charges | 640/8 | €2,256 | €2,211 | -€45 | -2.0% |
| Non-recurring operating charges | 66A | €1,828 | €0 | -€1,828 | -100% |
| Gross operating margin | 9900 | €71,797 | €65,276 | -€6,520 | -9.1% |
| Operating profit (loss) | 9901 | €20,015 | €16,976 | -€3,039 | -15.2% |
| Financial income | 75/76B | €3,437 | €3,677 | +€239 | +7.0% |
| Recurring financial income | 75 | €3,437 | €3,677 | +€239 | +7.0% |
| Financial charges | 65/66B | €7,495 | €6,488 | -€1,007 | -13.4% |
| Recurring financial charges | 65 | €7,495 | €6,488 | -€1,007 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €15,957 | €14,165 | -€1,793 | -11.2% |
| Income taxes | 67/77 | €3,479 | €4,401 | +€922 | +26.5% |
| Profit (loss) for the period | 9904 | €12,478 | €9,764 | -€2,714 | -21.8% |
| Transfer from tax-exempt reserves | 789 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,353 | €11,639 | -€2,714 | -18.9% |
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 13 October 2026 via checked.be.