TH BOSBOUW: 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.
TH BOSBOUW
Largest movements
- Current investments -€419,242
down €419,242 (-33.5%), from €1.3m to €833,557
- Cash +€382,482
up €382,482 (+478%), from €79,967 to €462,449
mainly Current investments (+€419,242) and Receivables within one year (+€267,757)
- Receivables within one year -€267,757
down €267,757 (-89.5%), from €299,202 to €31,445
of which Other amounts receivable: -€207,257
- Reserves -€195,416
down €195,416 (-10.1%), from €1.9m to €1.7m
of which Distributable reserves: -€195,416
- Other debts -€49,911
down €49,911 (-14.6%), from €342,189 to €292,278
- Tax, wage and social debts -€43,088
down €43,088 (-56.0%), from €77,010 to €33,922
of which Taxes: -€43,388
- Financial income -€210,129
down €210,129 (-94.4%), from €222,613 to €12,484
- Gross operating margin -€47,908
down €47,908 (-24.2%), from €197,636 to €149,727
- Taxes -€31,997
down €31,997 (-40.8%), from €78,497 to €46,500
- Depreciation -€2,574
down €2,574 (-100%), from €2,574 to €0
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 | €2,506,969 | €2,203,421 | -€303,548 | -12.1% |
| Fixed assets | 21/28 | €875,000 | €875,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €875,000 | €875,000 | = | 0.0% |
| Current assets | 29/58 | €1,631,969 | €1,328,421 | -€303,548 | -18.6% |
| Amounts receivable within one year | 40/41 | €299,202 | €31,445 | -€267,757 | -89.5% |
| Trade receivables | 40 | €84,700 | €24,200 | -€60,500 | -71.4% |
| Other amounts receivable | 41 | €214,502 | €7,245 | -€207,257 | -96.6% |
| Current investments | 50/53 | €1,252,799 | €833,557 | -€419,242 | -33.5% |
| Cash at bank and in hand | 54/58 | €79,967 | €462,449 | +€382,482 | +478% |
| Deferred charges and accrued income | 490/1 | €0 | €970 | +€970 | |
| Total equity and liabilities | 10/49 | €2,506,969 | €2,203,421 | -€303,548 | -12.1% |
| Equity | 10/15 | €2,066,125 | €1,870,709 | -€195,416 | -9.5% |
| Contributions | 10/11 | €126,600 | €126,600 | = | 0.0% |
| Reserves | 13 | €1,939,525 | €1,744,109 | -€195,416 | -10.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,939,525 | €1,744,109 | -€195,416 | -10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €440,844 | €332,712 | -€108,132 | -24.5% |
| Amounts payable within one year | 42/48 | €438,941 | €330,764 | -€108,176 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €17,015 | €86 | -€16,928 | -99.5% |
| Credit institutions | 430/8 | €17,015 | €86 | -€16,928 | -99.5% |
| Trade debts | 44 | €2,726 | €4,477 | +€1,751 | +64.2% |
| Suppliers | 440/4 | €2,726 | €4,477 | +€1,751 | +64.2% |
| Taxes, remuneration and social security | 45 | €77,010 | €33,922 | -€43,088 | -56.0% |
| Taxes | 450/3 | €75,095 | €31,708 | -€43,388 | -57.8% |
| Remuneration and social security | 454/9 | €1,915 | €2,215 | +€300 | +15.7% |
| Other amounts payable | 47/48 | €342,189 | €292,278 | -€49,911 | -14.6% |
| Accrued charges and deferred income | 492/3 | €1,903 | €1,948 | +€45 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,574 | €0 | -€2,574 | -100% |
| Other operating charges | 640/8 | €1,075 | €1,123 | +€47 | +4.4% |
| Non-recurring operating charges | 66A | - | €2,994 | +€2,994 | |
| Gross operating margin | 9900 | €197,636 | €149,727 | -€47,908 | -24.2% |
| Operating profit (loss) | 9901 | €193,986 | €145,611 | -€48,375 | -24.9% |
| Financial income | 75/76B | €222,613 | €12,484 | -€210,129 | -94.4% |
| Recurring financial income | 75 | €222,613 | €12,484 | -€210,129 | -94.4% |
| Financial charges | 65/66B | €1,747 | €938 | -€808 | -46.3% |
| Recurring financial charges | 65 | €1,747 | €938 | -€808 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €414,852 | €157,156 | -€257,696 | -62.1% |
| Income taxes | 67/77 | €78,497 | €46,500 | -€31,997 | -40.8% |
| Profit (loss) for the period | 9904 | €336,356 | €110,656 | -€225,700 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €336,356 | €110,656 | -€225,700 | -67.1% |
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 18 October 2026 via checked.be.