LA BOYA: 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.
LA BOYA
Largest movements
- Stocks and contracts -€9,864
no longer reported in 2025 (was €9,864)
- Receivables within one year +€9,351
up €9,351 (+560.7%), from €1,668 to €11,019
of which Trade receivables: +€9,501
- Cash -€5,436
down €5,436 (-7.8%), from €70,043 to €64,608
mainly Tax, wage and social debts (-€17,151) and Investment in fixed assets (net) (-€15,363)
- Tangible fixed assets +€5,302
up €5,302 (+14.8%), from €35,938 to €41,240
of which Furniture and vehicles: +€31,707
- Deferred charges and accrued income -€1,440
down €1,440 (-48.3%), from €2,981 to €1,541
- Tax, wage and social debts -€17,151
down €17,151 (-54.5%), from €31,446 to €14,295
of which Remuneration and social security: -€20,684
- Debts after one year +€14,717
new in 2025: €14,717
- Other debts -€8,743
no longer reported in 2025 (was €8,743)
- Profit (loss) carried forward +€5,629
up €5,629 (+12.7%), from -€44,238 to -€38,609
- Current portion of long-term debt +€3,144
new in 2025: €3,144
- Gross operating margin +€39,857
up €39,857, from -€11,942 to €27,916
- Financial charges +€13,247
up €13,247 (+2685.6%), from €493 to €13,740
of which Non-recurring financial charges: +€12,133
- Financial income +€4,417
up €4,417 (+241.3%), from €1,831 to €6,247
of which Non-recurring financial income: +€5,950
- Other operating charges +€3,314
up €3,314 (+298.9%), from €1,109 to €4,422
- Depreciation +€2,290
up €2,290 (+29.5%), from €7,770 to €10,060
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 | €120,493 | €118,408 | -€2,086 | -1.7% |
| Fixed assets | 21/28 | €35,938 | €41,240 | +€5,302 | +14.8% |
| Tangible fixed assets | 22/27 | €35,938 | €41,240 | +€5,302 | +14.8% |
| Land and buildings | 22 | €26,266 | - | -€26,266 | |
| Plant, machinery and equipment | 23 | €1,350 | €1,212 | -€139 | -10.3% |
| Furniture and vehicles | 24 | €8,322 | €40,028 | +€31,707 | +381.0% |
| Current assets | 29/58 | €84,556 | €77,168 | -€7,388 | -8.7% |
| Stocks and contracts in progress | 3 | €9,864 | - | -€9,864 | |
| Stocks | 30/36 | €9,864 | - | -€9,864 | |
| Amounts receivable within one year | 40/41 | €1,668 | €11,019 | +€9,351 | +560.7% |
| Trade receivables | 40 | €1,452 | €10,953 | +€9,501 | +654.3% |
| Other amounts receivable | 41 | €216 | €66 | -€149 | -69.2% |
| Cash at bank and in hand | 54/58 | €70,043 | €64,608 | -€5,436 | -7.8% |
| Deferred charges and accrued income | 490/1 | €2,981 | €1,541 | -€1,440 | -48.3% |
| Total equity and liabilities | 10/49 | €120,493 | €118,408 | -€2,086 | -1.7% |
| Equity | 10/15 | €79,146 | €84,775 | +€5,629 | +7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,184 | €117,184 | = | 0.0% |
| Distributable reserves | 133 | €117,184 | €117,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,238 | -€38,609 | +€5,629 | +12.7% |
| Amounts payable | 17/49 | €41,348 | €33,633 | -€7,715 | -18.7% |
| Amounts payable after more than one year | 17 | - | €14,717 | +€14,717 | |
| Financial debts | 170/4 | - | €14,717 | +€14,717 | |
| Amounts payable within one year | 42/48 | €40,836 | €18,798 | -€22,039 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,144 | +€3,144 | |
| Trade debts | 44 | €648 | €1,359 | +€711 | +109.8% |
| Suppliers | 440/4 | €648 | €1,359 | +€711 | +109.8% |
| Taxes, remuneration and social security | 45 | €31,446 | €14,295 | -€17,151 | -54.5% |
| Taxes | 450/3 | €6,591 | €10,124 | +€3,533 | +53.6% |
| Remuneration and social security | 454/9 | €24,854 | €4,171 | -€20,684 | -83.2% |
| Other amounts payable | 47/48 | €8,743 | - | -€8,743 | |
| Accrued charges and deferred income | 492/3 | €511 | €118 | -€393 | -76.9% |
| Remuneration, social security and pensions | 62 | €1,131 | €170 | -€961 | -85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,770 | €10,060 | +€2,290 | +29.5% |
| Other operating charges | 640/8 | €1,109 | €4,422 | +€3,314 | +298.9% |
| Gross operating margin | 9900 | -€11,942 | €27,916 | +€39,857 | |
| Operating profit (loss) | 9901 | -€21,952 | €13,263 | +€35,215 | |
| Financial income | 75/76B | €1,831 | €6,247 | +€4,417 | +241.3% |
| Recurring financial income | 75 | €1,831 | €297 | -€1,534 | -83.8% |
| Non-recurring financial income | 76B | - | €5,950 | +€5,950 | |
| Financial charges | 65/66B | €493 | €13,740 | +€13,247 | +2685.6% |
| Recurring financial charges | 65 | €406 | €1,520 | +€1,114 | +274.3% |
| Non-recurring financial charges | 66B | €87 | €12,220 | +€12,133 | +13929.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,615 | €5,770 | +€26,385 | |
| Income taxes | 67/77 | €131 | €141 | +€10 | +7.7% |
| Profit (loss) for the period | 9904 | -€20,746 | €5,629 | +€26,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,746 | €5,629 | +€26,375 |
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 9 October 2026 via checked.be.