PAUL 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.
PAUL BOSMANS
Largest movements
- Receivables within one year -€792,768
down €792,768 (-55.2%), from €1.4m to €643,695
of which Trade receivables: -€801,116
- Stocks and contracts +€225,600
up €225,600 (+146%), from €154,950 to €380,550
- Cash +€211,367
up €211,367 (+278%), from €75,934 to €287,302
mainly Receivables within one year (+€792,768) and Net result for the year (+€137,301)
- Tangible fixed assets +€159,749
up €159,749 (+123%), from €130,147 to €289,896
of which Plant, machinery and equipment: +€158,650
- Trade debts -€414,220
down €414,220 (-33.9%), from €1.2m to €807,225
- Profit (loss) carried forward +€137,301
up €137,301 (+102%), from €134,179 to €271,480
- Debts after one year +€104,567
new in 2025: €104,567
- Tax, wage and social debts -€85,016
down €85,016 (-43.1%), from €197,471 to €112,455
of which Taxes: -€53,652
- Current portion of long-term debt +€78,703
new in 2025: €78,703
- Staff costs +€161,388
up €161,388 (+179%), from €90,165 to €251,553
- Gross operating margin +€119,459
up €119,459 (+34.9%), from €342,430 to €461,889
- Depreciation +€7,309
up €7,309 (+128%), from €5,714 to €13,023
- Taxes -€4,895
down €4,895 (-8.5%), from €57,714 to €52,820
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 | €1,797,494 | €1,602,942 | -€194,551 | -10.8% |
| Fixed assets | 21/28 | €130,147 | €291,396 | +€161,249 | +124% |
| Tangible fixed assets | 22/27 | €130,147 | €289,896 | +€159,749 | +123% |
| Land and buildings | 22 | €9,377 | €14,311 | +€4,934 | +52.6% |
| Plant, machinery and equipment | 23 | €88,992 | €247,642 | +€158,650 | +178% |
| Furniture and vehicles | 24 | €31,777 | €27,942 | -€3,835 | -12.1% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €1,667,347 | €1,311,547 | -€355,800 | -21.3% |
| Stocks and contracts in progress | 3 | €154,950 | €380,550 | +€225,600 | +146% |
| Stocks | 30/36 | €154,950 | €380,550 | +€225,600 | +146% |
| Amounts receivable within one year | 40/41 | €1,436,463 | €643,695 | -€792,768 | -55.2% |
| Trade receivables | 40 | €1,423,274 | €622,158 | -€801,116 | -56.3% |
| Other amounts receivable | 41 | €13,189 | €21,538 | +€8,348 | +63.3% |
| Cash at bank and in hand | 54/58 | €75,934 | €287,302 | +€211,367 | +278% |
| Total equity and liabilities | 10/49 | €1,797,494 | €1,602,942 | -€194,551 | -10.8% |
| Equity | 10/15 | €190,891 | €328,191 | +€137,301 | +71.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,511 | €50,511 | = | 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% |
| Distributable reserves | 133 | €48,651 | €48,651 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,179 | €271,480 | +€137,301 | +102% |
| Amounts payable | 17/49 | €1,606,603 | €1,274,751 | -€331,852 | -20.7% |
| Amounts payable after more than one year | 17 | - | €104,567 | +€104,567 | |
| Financial debts | 170/4 | - | €104,567 | +€104,567 | |
| Amounts payable within one year | 42/48 | €1,535,814 | €1,170,184 | -€365,630 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | - | €78,703 | +€78,703 | |
| Trade debts | 44 | €1,221,445 | €807,225 | -€414,220 | -33.9% |
| Suppliers | 440/4 | €1,221,445 | €807,225 | -€414,220 | -33.9% |
| Taxes, remuneration and social security | 45 | €197,471 | €112,455 | -€85,016 | -43.1% |
| Taxes | 450/3 | €149,663 | €96,010 | -€53,652 | -35.8% |
| Remuneration and social security | 454/9 | €47,808 | €16,444 | -€31,364 | -65.6% |
| Other amounts payable | 47/48 | €116,898 | €171,802 | +€54,903 | +47.0% |
| Accrued charges and deferred income | 492/3 | €70,789 | - | -€70,789 | |
| Remuneration, social security and pensions | 62 | €90,165 | €251,553 | +€161,388 | +179% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,714 | €13,023 | +€7,309 | +128% |
| Other operating charges | 640/8 | €1,905 | €4,691 | +€2,786 | +146% |
| Gross operating margin | 9900 | €342,430 | €461,889 | +€119,459 | +34.9% |
| Operating profit (loss) | 9901 | €244,647 | €192,623 | -€52,024 | -21.3% |
| Financial income | 75/76B | - | €955 | +€955 | |
| Recurring financial income | 75 | - | €955 | +€955 | |
| Financial charges | 65/66B | €725 | €3,457 | +€2,732 | +377% |
| Recurring financial charges | 65 | €725 | €3,457 | +€2,732 | +377% |
| Profit (loss) for the period before taxes | 9903 | €243,922 | €190,120 | -€53,802 | -22.1% |
| Income taxes | 67/77 | €57,714 | €52,820 | -€4,895 | -8.5% |
| Profit (loss) for the period | 9904 | €186,208 | €137,301 | -€48,907 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €186,208 | €137,301 | -€48,907 | -26.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.