M. BOSTYN: 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.
What changed
M. BOSTYN
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€333,332
2024 · €323,069+€10,263
Equity
€4.4m
2024 · €4.0m+€333,332
Cash
€16,641
2024 · €25,326-€8,685
Balance sheet total
€5.3m
2024 · €5.4m-€133,280
Largest movements
Assets
- Tangible fixed assets -€66,494
down €66,494 (-5.8%), from €1.1m to €1.1m
of which Land and buildings: -€64,467
Equity and liabilities
- Reserves +€333,332
up €333,332 (+8.3%), from €4.0m to €4.3m
of which Distributable reserves: +€333,332
- Debts after one year -€309,652
down €309,652 (-41.8%), from €741,259 to €431,606
of which Financial debts: -€312,127
- Current portion of long-term debt -€171,969
down €171,969 (-35.5%), from €484,096 to €312,127
Income statement
- Financial charges -€37,259
down €37,259 (-75.1%), from €49,628 to €12,369
of which Non-recurring financial charges: -€27,750
- Gross operating margin -€23,591
down €23,591 (-4.2%), from €557,001 to €533,410
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
€323,069
Gross operating margin
-€23,591
Depreciation
-€0
Other operating charges
-€183
Financial income
+€151
Financial charges
+€37,259
Taxes
-€3,372
Result 2025
€333,332
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.
From operations
+€473,449
Investment
+€3,934
Financing
-€486,068
Cash 2024
€25,326
From operations (derived)
+€473,449
Net result for the year
+€333,332
Depreciation
+€66,494
Receivables after one year
+€13,757
Receivables within one year
+€31,507
Deferred charges and accrued income
+€8,903
Trade debts
-€10,687
Tax, wage and social debts
+€15,189
Other debts
+€13,856
Accrued charges and deferred income
+€1,099
Investment (derived)
+€3,934
Current investments
+€3,934
Financing
-€486,068
Debts after one year
-€309,652
Current portion of long-term debt
-€171,969
Short-term financial debts
-€4,447
Cash 2025
€16,641
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,442,583 | €5,309,303 | -€133,280 | -2.4% |
| Fixed assets | 21/28 | €5,166,597 | €5,100,104 | -€66,494 | -1.3% |
| Tangible fixed assets | 22/27 | €1,139,097 | €1,072,604 | -€66,494 | -5.8% |
| Land and buildings | 22 | €1,130,075 | €1,065,608 | -€64,467 | -5.7% |
| Plant, machinery and equipment | 23 | €9,022 | €6,996 | -€2,026 | -22.5% |
| Financial fixed assets | 28 | €4,027,500 | €4,027,500 | = | 0.0% |
| Current assets | 29/58 | €275,986 | €209,200 | -€66,786 | -24.2% |
| Amounts receivable after more than one year | 29 | €31,757 | €18,000 | -€13,757 | -43.3% |
| Other amounts receivable | 291 | €31,757 | €18,000 | -€13,757 | -43.3% |
| Amounts receivable within one year | 40/41 | €154,818 | €123,311 | -€31,507 | -20.4% |
| Trade receivables | 40 | €142,755 | €92,180 | -€50,574 | -35.4% |
| Other amounts receivable | 41 | €12,063 | €31,130 | +€19,067 | +158.1% |
| Current investments | 50/53 | €4,950 | €1,016 | -€3,934 | -79.5% |
| Cash at bank and in hand | 54/58 | €25,326 | €16,641 | -€8,685 | -34.3% |
| Deferred charges and accrued income | 490/1 | €59,135 | €50,233 | -€8,903 | -15.1% |
| Total equity and liabilities | 10/49 | €5,442,583 | €5,309,303 | -€133,280 | -2.4% |
| Equity | 10/15 | €4,034,451 | €4,367,783 | +€333,332 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,015,851 | €4,349,183 | +€333,332 | +8.3% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €4,015,851 | €4,349,183 | +€333,332 | +8.3% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,398,133 | €931,521 | -€466,612 | -33.4% |
| Amounts payable after more than one year | 17 | €741,259 | €431,606 | -€309,652 | -41.8% |
| Financial debts | 170/4 | €737,925 | €425,797 | -€312,127 | -42.3% |
| Other amounts payable | 178/9 | €3,334 | €5,809 | +€2,475 | +74.2% |
| Amounts payable within one year | 42/48 | €656,802 | €498,744 | -€158,058 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €484,096 | €312,127 | -€171,969 | -35.5% |
| Financial debts | 43 | €104,447 | €100,000 | -€4,447 | -4.3% |
| Credit institutions | 430/8 | €104,447 | €100,000 | -€4,447 | -4.3% |
| Trade debts | 44 | €13,077 | €2,390 | -€10,687 | -81.7% |
| Suppliers | 440/4 | €13,077 | €2,390 | -€10,687 | -81.7% |
| Taxes, remuneration and social security | 45 | €54,853 | €70,042 | +€15,189 | +27.7% |
| Taxes | 450/3 | €49,653 | €64,798 | +€15,145 | +30.5% |
| Remuneration and social security | 454/9 | €5,200 | €5,244 | +€44 | +0.8% |
| Other amounts payable | 47/48 | €329 | €14,185 | +€13,856 | +4217.5% |
| Accrued charges and deferred income | 492/3 | €72 | €1,171 | +€1,099 | +1518.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,494 | €66,494 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,873 | €6,056 | +€183 | +3.1% |
| Gross operating margin | 9900 | €557,001 | €533,410 | -€23,591 | -4.2% |
| Operating profit (loss) | 9901 | €484,635 | €460,860 | -€23,775 | -4.9% |
| Financial income | 75/76B | €1,623 | €1,775 | +€151 | +9.3% |
| Recurring financial income | 75 | €1,623 | €1,775 | +€151 | +9.3% |
| Financial charges | 65/66B | €49,628 | €12,369 | -€37,259 | -75.1% |
| Recurring financial charges | 65 | €21,878 | €12,369 | -€9,509 | -43.5% |
| Non-recurring financial charges | 66B | €27,750 | €0 | -€27,750 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €436,630 | €450,265 | +€13,635 | +3.1% |
| Income taxes | 67/77 | €113,561 | €116,934 | +€3,372 | +3.0% |
| Profit (loss) for the period | 9904 | €323,069 | €333,332 | +€10,263 | +3.2% |
| Transfer from tax-exempt reserves | 789 | €105,250 | €0 | -€105,250 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €428,319 | €333,332 | -€94,987 | -22.2% |
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 4 October 2026 via checked.be.