The Boondocks: 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.
The Boondocks
Largest movements
- Receivables within one year -€98,872
down €98,872 (-32.7%), from €302,096 to €203,223
of which Trade receivables: -€54,579
- Current investments +€98,212
up €98,212 (+70.0%), from €140,250 to €238,462
- Cash -€54,283
down €54,283 (-30.6%), from €177,444 to €123,161
mainly Investment in fixed assets (net) (-€99,805) and Current investments (-€98,212)
- Tangible fixed assets -€40,772
down €40,772 (-4.9%), from €824,706 to €783,934
of which Land and buildings: -€37,075
- Debts after one year -€75,633
down €75,633 (-9.3%), from €811,723 to €736,090
- Trade debts -€38,482
down €38,482 (-13.4%), from €287,745 to €249,263
- Reserves +€29,014
up €29,014 (+10.6%), from €274,326 to €303,340
of which Distributable reserves: +€29,014
- Gross operating margin -€99,045
down €99,045 (-13.4%), from €738,697 to €639,652
- Staff costs -€41,124
down €41,124 (-8.9%), from €463,626 to €422,502
- Depreciation +€33,055
up €33,055 (+30.7%), from €107,521 to €140,577
- Taxes -€16,735
down €16,735 (-66.6%), from €25,124 to €8,389
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 | €1,606,966 | €1,529,073 | -€77,894 | -4.8% |
| Fixed assets | 21/28 | €826,706 | €785,934 | -€40,772 | -4.9% |
| Tangible fixed assets | 22/27 | €824,706 | €783,934 | -€40,772 | -4.9% |
| Land and buildings | 22 | €665,634 | €628,560 | -€37,075 | -5.6% |
| Plant, machinery and equipment | 23 | €120,174 | €114,485 | -€5,688 | -4.7% |
| Furniture and vehicles | 24 | €38,898 | €40,889 | +€1,991 | +5.1% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €780,260 | €743,139 | -€37,121 | -4.8% |
| Stocks and contracts in progress | 3 | €152,393 | €160,639 | +€8,247 | +5.4% |
| Stocks | 30/36 | €152,393 | €160,639 | +€8,247 | +5.4% |
| Amounts receivable within one year | 40/41 | €302,096 | €203,223 | -€98,872 | -32.7% |
| Trade receivables | 40 | €62,939 | €8,360 | -€54,579 | -86.7% |
| Other amounts receivable | 41 | €239,157 | €194,863 | -€44,293 | -18.5% |
| Current investments | 50/53 | €140,250 | €238,462 | +€98,212 | +70.0% |
| Cash at bank and in hand | 54/58 | €177,444 | €123,161 | -€54,283 | -30.6% |
| Deferred charges and accrued income | 490/1 | €8,078 | €17,654 | +€9,576 | +119% |
| Total equity and liabilities | 10/49 | €1,606,966 | €1,529,073 | -€77,894 | -4.8% |
| Equity | 10/15 | €336,326 | €365,340 | +€29,014 | +8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €274,326 | €303,340 | +€29,014 | +10.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €268,126 | €297,140 | +€29,014 | +10.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,270,640 | €1,163,733 | -€106,907 | -8.4% |
| Amounts payable after more than one year | 17 | €811,723 | €736,090 | -€75,633 | -9.3% |
| Financial debts | 170/4 | €811,723 | €736,090 | -€75,633 | -9.3% |
| Amounts payable within one year | 42/48 | €434,888 | €407,295 | -€27,592 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €79,972 | €92,370 | +€12,397 | +15.5% |
| Financial debts | 43 | €15,233 | €0 | -€15,233 | -100% |
| Credit institutions | 430/8 | €15,233 | €0 | -€15,233 | -100% |
| Trade debts | 44 | €287,745 | €249,263 | -€38,482 | -13.4% |
| Suppliers | 440/4 | €287,745 | €249,263 | -€38,482 | -13.4% |
| Taxes, remuneration and social security | 45 | €28,717 | €40,267 | +€11,550 | +40.2% |
| Taxes | 450/3 | €2,714 | €10,113 | +€7,400 | +273% |
| Remuneration and social security | 454/9 | €26,003 | €30,154 | +€4,151 | +16.0% |
| Other amounts payable | 47/48 | €23,220 | €25,396 | +€2,176 | +9.4% |
| Accrued charges and deferred income | 492/3 | €24,029 | €20,347 | -€3,682 | -15.3% |
| Remuneration, social security and pensions | 62 | €463,626 | €422,502 | -€41,124 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,521 | €140,577 | +€33,055 | +30.7% |
| Other operating charges | 640/8 | €6,161 | €5,818 | -€342 | -5.6% |
| Gross operating margin | 9900 | €738,697 | €639,652 | -€99,045 | -13.4% |
| Operating profit (loss) | 9901 | €161,389 | €70,755 | -€90,634 | -56.2% |
| Financial income | 75/76B | €3,748 | €1,898 | -€1,851 | -49.4% |
| Recurring financial income | 75 | €3,748 | €1,898 | -€1,851 | -49.4% |
| Financial charges | 65/66B | €33,481 | €35,250 | +€1,768 | +5.3% |
| Recurring financial charges | 65 | €33,481 | €35,250 | +€1,768 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €131,656 | €37,403 | -€94,253 | -71.6% |
| Income taxes | 67/77 | €25,124 | €8,389 | -€16,735 | -66.6% |
| Profit (loss) for the period | 9904 | €106,532 | €29,014 | -€77,518 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €106,532 | €29,014 | -€77,518 | -72.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.