Marius Bosmans: 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.
Marius Bosmans
Largest movements
- Tangible fixed assets +€164,565
up €164,565 (+1,022%), from €16,110 to €180,674
of which Land and buildings: +€95,278
- Cash -€25,246
down €25,246 (-70.6%), from €35,765 to €10,519
mainly Investment in fixed assets (net) (-€179,851) and Contributions, distributions and other (-€120,000)
- Profit (loss) carried forward -€119,942
down €119,942 (-99.7%), from €120,316 to €374
- Other debts +€108,318
new in 2025: €108,318
- Debts after one year +€86,280
new in 2025: €86,280
- Reserves +€40,000
new in 2025: €40,000
- Tax, wage and social debts +€21,801
up €21,801 (+153%), from €14,261 to €36,062
- Gross operating margin +€14,582
up €14,582 (+20.2%), from €72,189 to €86,772
- Depreciation +€10,850
up €10,850 (+245%), from €4,436 to €15,286
- Other operating charges +€10,202
up €10,202 (+1,450%), from €704 to €10,906
- Financial charges +€3,352
up €3,352 (+484%), from €692 to €4,045
- Taxes +€1,487
up €1,487 (+9.9%), from €14,991 to €16,477
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 | €157,514 | €300,625 | +€143,111 | +90.9% |
| Fixed assets | 21/28 | €16,110 | €180,674 | +€164,565 | +1,022% |
| Tangible fixed assets | 22/27 | €16,110 | €180,674 | +€164,565 | +1,022% |
| Land and buildings | 22 | - | €95,278 | +€95,278 | |
| Plant, machinery and equipment | 23 | €2,127 | €61,902 | +€59,776 | +2,811% |
| Furniture and vehicles | 24 | €13,983 | €16,499 | +€2,516 | +18.0% |
| Other tangible fixed assets | 26 | - | €6,995 | +€6,995 | |
| Current assets | 29/58 | €141,404 | €119,950 | -€21,454 | -15.2% |
| Amounts receivable after more than one year | 29 | €61,697 | €63,212 | +€1,516 | +2.5% |
| Other amounts receivable | 291 | €61,697 | €63,212 | +€1,516 | +2.5% |
| Amounts receivable within one year | 40/41 | €42,943 | €45,273 | +€2,330 | +5.4% |
| Trade receivables | 40 | €22,372 | €41,756 | +€19,383 | +86.6% |
| Other amounts receivable | 41 | €20,571 | €3,517 | -€17,053 | -82.9% |
| Cash at bank and in hand | 54/58 | €35,765 | €10,519 | -€25,246 | -70.6% |
| Deferred charges and accrued income | 490/1 | €999 | €946 | -€53 | -5.3% |
| Total equity and liabilities | 10/49 | €157,514 | €300,625 | +€143,111 | +90.9% |
| Equity | 10/15 | €121,316 | €41,374 | -€79,942 | -65.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €40,000 | +€40,000 | |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | €120,316 | €374 | -€119,942 | -99.7% |
| Amounts payable | 17/49 | €36,197 | €259,251 | +€223,053 | +616% |
| Amounts payable after more than one year | 17 | - | €86,280 | +€86,280 | |
| Financial debts | 170/4 | - | €86,280 | +€86,280 | |
| Amounts payable within one year | 42/48 | €36,197 | €172,971 | +€136,774 | +378% |
| Current portion of amounts payable after more than one year | 42 | - | €10,454 | +€10,454 | |
| Trade debts | 44 | €21,936 | €18,137 | -€3,799 | -17.3% |
| Suppliers | 440/4 | €21,936 | €18,137 | -€3,799 | -17.3% |
| Taxes, remuneration and social security | 45 | €14,261 | €36,062 | +€21,801 | +153% |
| Taxes | 450/3 | €14,261 | €36,062 | +€21,801 | +153% |
| Other amounts payable | 47/48 | - | €108,318 | +€108,318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,436 | €15,286 | +€10,850 | +245% |
| Other operating charges | 640/8 | €704 | €10,906 | +€10,202 | +1,450% |
| Gross operating margin | 9900 | €72,189 | €86,772 | +€14,582 | +20.2% |
| Operating profit (loss) | 9901 | €67,050 | €60,580 | -€6,470 | -9.6% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €692 | €4,045 | +€3,352 | +484% |
| Recurring financial charges | 65 | €692 | €4,045 | +€3,352 | +484% |
| Profit (loss) for the period before taxes | 9903 | €66,370 | €56,535 | -€9,835 | -14.8% |
| Income taxes | 67/77 | €14,991 | €16,477 | +€1,487 | +9.9% |
| Profit (loss) for the period | 9904 | €51,380 | €40,058 | -€11,322 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,380 | €40,058 | -€11,322 | -22.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.