THE BOAT CORP: what changed
THE BOAT CORP
Largest movements
- Financial fixed assets -€107,365
down €107,365 (-35.9%), from €298,990 to €191,625
- Cash -€4,978
down €4,978 (-87.8%), from €5,672 to €694
mainly Other debts (-€180,000) and Smaller working-capital items (-€319)
- Other debts -€180,000
down €180,000 (-32.0%), from €563,349 to €383,349
- Profit (loss) carried forward +€67,976
up €67,976 (+6.1%), from -€1.1m to -€1.1m
- Financial charges -€390,352
down €390,352 (-78.0%), from €500,722 to €110,370
of which Non-recurring financial charges: -€389,393
- Gross operating margin +€185,744
up €185,744, from -€7,398 to €178,346
- Purchases and services -€3,910
down €3,910 (-51.7%), from €7,564 to €3,654
- Turnover +€2,000
new in 2025: €2,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €361,247 | €248,929 | -€112,318 | -31.1% |
| Fixed assets | 21/28 | €298,990 | €191,625 | -€107,365 | -35.9% |
| Financial fixed assets | 28 | €298,990 | €191,625 | -€107,365 | -35.9% |
| Current assets | 29/58 | €62,258 | €57,304 | -€4,954 | -8.0% |
| Amounts receivable within one year | 40/41 | €56,586 | €56,494 | -€92 | -0.2% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €56,586 | €56,494 | -€92 | -0.2% |
| Cash at bank and in hand | 54/58 | €5,672 | €694 | -€4,978 | -87.8% |
| Deferred charges and accrued income | 490/1 | - | €116 | +€116 | |
| Total equity and liabilities | 10/49 | €361,247 | €248,929 | -€112,318 | -31.1% |
| Equity | 10/15 | -€203,056 | -€135,080 | +€67,976 | +33.5% |
| Contributions | 10/11 | €920,000 | €920,000 | = | 0.0% |
| Capital | 10 | €66,055 | €66,055 | = | 0.0% |
| Issued capital | 100 | €66,055 | €66,055 | = | 0.0% |
| Contributions outside capital | 11 | €853,945 | €853,945 | = | 0.0% |
| Share premium | 1100/10 | €853,945 | €853,945 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,123,056 | -€1,055,080 | +€67,976 | +6.1% |
| Amounts payable | 17/49 | €564,303 | €384,009 | -€180,294 | -31.9% |
| Amounts payable within one year | 42/48 | €564,303 | €384,009 | -€180,294 | -31.9% |
| Trade debts | 44 | €955 | €661 | -€294 | -30.8% |
| Suppliers | 440/4 | €955 | €661 | -€294 | -30.8% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €563,349 | €383,349 | -€180,000 | -32.0% |
| Turnover | 70 | - | €2,000 | +€2,000 | |
| Non-recurring operating income | 76A | - | €180,000 | +€180,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,564 | €3,654 | -€3,910 | -51.7% |
| Gross operating margin | 9900 | -€7,398 | €178,346 | +€185,744 | |
| Operating profit (loss) | 9901 | -€7,398 | €178,346 | +€185,744 | |
| Financial charges | 65/66B | €500,722 | €110,370 | -€390,352 | -78.0% |
| Recurring financial charges | 65 | €3,964 | €3,006 | -€959 | -24.2% |
| Non-recurring financial charges | 66B | €496,758 | €107,365 | -€389,393 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | -€508,120 | €67,976 | +€576,096 | |
| Profit (loss) for the period | 9904 | -€508,120 | €67,976 | +€576,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€508,120 | €67,976 | +€576,096 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.