LE BOSPHORE 2012: what changed
Two fiscal 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.
LE BOSPHORE 2012
Largest movements
- Stocks and contracts -€35,145
down €35,145 (-68.6%), from €51,215 to €16,070
- Cash +€25,442
up €25,442 (+516.3%), from €4,928 to €30,370
mainly Stocks and contracts (+€35,145) and Receivables within one year (+€25,391)
- Receivables within one year -€25,391
down €25,391 (-79.9%), from €31,790 to €6,399
of which Other amounts receivable: -€25,467
- Deferred charges and accrued income -€5,022
down €5,022 (-88.2%), from €5,693 to €671
- Tangible fixed assets +€3,492
up €3,492 (+265.4%), from €1,316 to €4,808
of which Furniture and vehicles: +€4,000
- Profit (loss) carried forward -€21,577
down €21,577, from €14,150 to -€7,427
- Trade debts -€12,882
down €12,882 (-62.7%), from €20,547 to €7,664
- Debts after one year -€4,694
down €4,694 (-15.4%), from €30,524 to €25,830
- Other debts +€2,773
new in 2025: €2,773
- Staff costs -€14,015
down €14,015 (-59.6%), from €23,523 to €9,508
- Gross operating margin +€3,605
up €3,605, from -€1,649 to €1,956
- Other operating charges +€2,052
up €2,052 (+165.1%), from €1,244 to €3,296
- Depreciation +€949
up €949 (+170.0%), from €559 to €1,508
- Financial charges +€196
up €196 (+3.2%), from €6,041 to €6,237
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 | €107,902 | €71,278 | -€36,624 | -33.9% |
| Fixed assets | 21/28 | €14,276 | €17,768 | +€3,492 | +24.5% |
| Tangible fixed assets | 22/27 | €1,316 | €4,808 | +€3,492 | +265.4% |
| Plant, machinery and equipment | 23 | €1,316 | €808 | -€508 | -38.6% |
| Furniture and vehicles | 24 | - | €4,000 | +€4,000 | |
| Financial fixed assets | 28 | €12,960 | €12,960 | = | 0.0% |
| Current assets | 29/58 | €93,626 | €53,510 | -€40,117 | -42.8% |
| Stocks and contracts in progress | 3 | €51,215 | €16,070 | -€35,145 | -68.6% |
| Stocks | 30/36 | €51,215 | €16,070 | -€35,145 | -68.6% |
| Amounts receivable within one year | 40/41 | €31,790 | €6,399 | -€25,391 | -79.9% |
| Trade receivables | 40 | €2,060 | €2,135 | +€76 | +3.7% |
| Other amounts receivable | 41 | €29,731 | €4,264 | -€25,467 | -85.7% |
| Cash at bank and in hand | 54/58 | €4,928 | €30,370 | +€25,442 | +516.3% |
| Deferred charges and accrued income | 490/1 | €5,693 | €671 | -€5,022 | -88.2% |
| Total equity and liabilities | 10/49 | €107,902 | €71,278 | -€36,624 | -33.9% |
| Equity | 10/15 | €34,610 | €13,033 | -€21,577 | -62.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,150 | -€7,427 | -€21,577 | |
| Amounts payable | 17/49 | €73,293 | €58,245 | -€15,048 | -20.5% |
| Amounts payable after more than one year | 17 | €30,524 | €25,830 | -€4,694 | -15.4% |
| Financial debts | 170/4 | €30,524 | €25,830 | -€4,694 | -15.4% |
| Amounts payable within one year | 42/48 | €42,769 | €32,415 | -€10,354 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €4,362 | €4,717 | +€355 | +8.1% |
| Financial debts | 43 | €14,592 | €14,944 | +€352 | +2.4% |
| Credit institutions | 430/8 | €14,592 | €14,944 | +€352 | +2.4% |
| Trade debts | 44 | €20,547 | €7,664 | -€12,882 | -62.7% |
| Suppliers | 440/4 | €20,547 | €7,664 | -€12,882 | -62.7% |
| Taxes, remuneration and social security | 45 | €3,268 | €2,317 | -€952 | -29.1% |
| Taxes | 450/3 | €657 | - | -€657 | |
| Remuneration and social security | 454/9 | €2,611 | €2,317 | -€294 | -11.3% |
| Other amounts payable | 47/48 | - | €2,773 | +€2,773 | |
| Remuneration, social security and pensions | 62 | €23,523 | €9,508 | -€14,015 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €1,508 | +€949 | +170.0% |
| Other operating charges | 640/8 | €1,244 | €3,296 | +€2,052 | +165.1% |
| Non-recurring operating charges | 66A | - | €2,988 | +€2,988 | |
| Gross operating margin | 9900 | -€1,649 | €1,956 | +€3,605 | |
| Operating profit (loss) | 9901 | -€26,974 | -€15,343 | +€11,631 | +43.1% |
| Financial income | 75/76B | €0 | €4 | +€3 | +6920.0% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +6920.0% |
| Financial charges | 65/66B | €6,041 | €6,237 | +€196 | +3.2% |
| Recurring financial charges | 65 | €6,041 | €6,237 | +€196 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€33,015 | -€21,577 | +€11,439 | +34.6% |
| Profit (loss) for the period | 9904 | -€33,015 | -€21,577 | +€11,439 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,015 | -€21,577 | +€11,439 | +34.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.