THE BOZZ: 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 BOZZ
Largest movements
- Receivables within one year -€192,242
down €192,242 (-12.3%), from €1.6m to €1.4m
of which Trade receivables: -€476,684
- Cash +€117,492
up €117,492 (+90.5%), from €129,840 to €247,333
mainly Receivables within one year (+€192,242) and Net result for the year (+€173,425)
- Deferred charges and accrued income -€32,450
down €32,450 (-62.2%), from €52,175 to €19,725
- Intangible fixed assets +€26,171
up €26,171 (+595%), from €4,400 to €30,571
- Debts after one year -€466,667
down €466,667 (-46.7%), from €1.0m to €533,333
- Profit (loss) carried forward +€173,425
up €173,425 (+20.5%), from -€844,724 to -€671,299
- Tax, wage and social debts +€135,918
up €135,918 (+30.0%), from €453,025 to €588,943
of which Remuneration and social security: +€107,260
- Trade debts +€104,689
up €104,689 (+47.5%), from €220,463 to €325,152
- Other debts -€25,000
no longer reported in 2025 (was €25,000)
- Gross operating margin +€610,501
up €610,501 (+16.7%), from €3.7m to €4.3m
- Staff costs +€257,955
up €257,955 (+6.9%), from €3.7m to €4.0m
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 | €1,853,764 | €1,776,130 | -€77,634 | -4.2% |
| Fixed assets | 21/28 | €113,909 | €143,474 | +€29,565 | +26.0% |
| Intangible fixed assets | 21 | €4,400 | €30,571 | +€26,171 | +595% |
| Tangible fixed assets | 22/27 | €5,498 | €3,700 | -€1,799 | -32.7% |
| Furniture and vehicles | 24 | €5,498 | €3,700 | -€1,799 | -32.7% |
| Financial fixed assets | 28 | €104,010 | €109,204 | +€5,194 | +5.0% |
| Current assets | 29/58 | €1,739,856 | €1,632,656 | -€107,200 | -6.2% |
| Amounts receivable within one year | 40/41 | €1,557,840 | €1,365,598 | -€192,242 | -12.3% |
| Trade receivables | 40 | €1,169,190 | €692,506 | -€476,684 | -40.8% |
| Other amounts receivable | 41 | €388,650 | €673,092 | +€284,442 | +73.2% |
| Cash at bank and in hand | 54/58 | €129,840 | €247,333 | +€117,492 | +90.5% |
| Deferred charges and accrued income | 490/1 | €52,175 | €19,725 | -€32,450 | -62.2% |
| Total equity and liabilities | 10/49 | €1,853,764 | €1,776,130 | -€77,634 | -4.2% |
| Equity | 10/15 | €155,276 | €328,701 | +€173,425 | +112% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€844,724 | -€671,299 | +€173,425 | +20.5% |
| Amounts payable | 17/49 | €1,698,488 | €1,447,429 | -€251,059 | -14.8% |
| Amounts payable after more than one year | 17 | €1,000,000 | €533,333 | -€466,667 | -46.7% |
| Financial debts | 170/4 | €1,000,000 | €533,333 | -€466,667 | -46.7% |
| Amounts payable within one year | 42/48 | €698,488 | €914,096 | +€215,607 | +30.9% |
| Trade debts | 44 | €220,463 | €325,152 | +€104,689 | +47.5% |
| Suppliers | 440/4 | €220,463 | €325,152 | +€104,689 | +47.5% |
| Taxes, remuneration and social security | 45 | €453,025 | €588,943 | +€135,918 | +30.0% |
| Taxes | 450/3 | €110,565 | €139,223 | +€28,658 | +25.9% |
| Remuneration and social security | 454/9 | €342,460 | €449,720 | +€107,260 | +31.3% |
| Other amounts payable | 47/48 | €25,000 | - | -€25,000 | |
| Non-recurring operating income | 76A | €7,911 | - | -€7,911 | |
| Remuneration, social security and pensions | 62 | €3,725,208 | €3,983,163 | +€257,955 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,770 | €8,528 | +€1,759 | +26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,173 | €23,848 | -€1,326 | -5.3% |
| Other operating charges | 640/8 | €6,273 | €36,241 | +€29,968 | +478% |
| Gross operating margin | 9900 | €3,658,451 | €4,268,952 | +€610,501 | +16.7% |
| Operating profit (loss) | 9901 | -€104,973 | €217,173 | +€322,146 | |
| Financial income | 75/76B | €19,421 | €5,770 | -€13,651 | -70.3% |
| Recurring financial income | 75 | €19,421 | €5,770 | -€13,651 | -70.3% |
| Financial charges | 65/66B | €13,754 | €46,964 | +€33,210 | +241% |
| Recurring financial charges | 65 | €13,754 | €46,964 | +€33,210 | +241% |
| Profit (loss) for the period before taxes | 9903 | -€99,306 | €175,979 | +€275,285 | |
| Income taxes | 67/77 | €2,229 | €2,554 | +€324 | +14.5% |
| Profit (loss) for the period | 9904 | -€101,535 | €173,425 | +€274,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,535 | €173,425 | +€274,960 |
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 27 October 2026 via checked.be.