THEO BOSMANS: what changed
What changed
THEO BOSMANS
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€63,590
2024 · €49,465+€14,124
Equity
€423,474
2024 · €419,884+€3,590
Cash
€51,441
2024 · €71,367-€19,926
Balance sheet total
€771,163
2024 · €838,730-€67,566
Largest movements
Assets
- Receivables within one year -€29,386
down €29,386 (-7.8%), from €377,167 to €347,782
of which Trade receivables: -€33,205
- Cash -€19,926
down €19,926 (-27.9%), from €71,367 to €51,441
mainly Contributions, distributions and other (-€60,000) and Other debts (-€57,501)
- Tangible fixed assets -€17,251
down €17,251 (-6.1%), from €283,004 to €265,753
of which Land and buildings: -€12,733
Equity and liabilities
- Other debts -€57,501
down €57,501 (-96.3%), from €59,687 to €2,186
- Debts after one year -€28,230
down €28,230 (-14.5%), from €194,816 to €166,586
Income statement
- Gross operating margin +€21,722
up €21,722 (+13.2%), from €164,241 to €185,963
- Taxes +€6,801
up €6,801 (+40.1%), from €16,966 to €23,767
- Staff costs +€4,846
up €4,846 (+7.7%), from €62,566 to €67,412
- Financial charges -€4,150
down €4,150 (-51.3%), from €8,088 to €3,937
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.
Result 2024
€49,465
Gross operating margin
+€21,722
Staff costs
-€4,846
Depreciation
+€563
Other operating charges
-€186
Financial income
-€479
Financial charges
+€4,150
Taxes
-€6,801
Result 2025
€63,590
raises the resultlowers the result
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.
From operations
+€73,918
Investment
-€6,086
Financing
-€87,758
Cash 2024
€71,367
From operations (derived)
+€73,918
Net result for the year
+€63,590
Depreciation
+€23,337
Receivables within one year
+€29,386
Deferred charges and accrued income
+€1,004
Trade debts
+€4,742
Tax, wage and social debts
+€6,505
Advances received
+€2,858
Other debts
-€57,501
Investment (derived)
-€6,086
Investment in fixed assets (net)
-€6,086
Financing
-€87,758
Debts after one year
-€28,230
Current portion of long-term debt
+€472
Contributions, distributions and other
-€60,000
Cash 2025
€51,441
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €838,730 | €771,163 | -€67,566 | -8.1% |
| Fixed assets | 21/28 | €383,504 | €366,253 | -€17,251 | -4.5% |
| Tangible fixed assets | 22/27 | €283,004 | €265,753 | -€17,251 | -6.1% |
| Land and buildings | 22 | €255,458 | €242,725 | -€12,733 | -5.0% |
| Plant, machinery and equipment | 23 | €10,153 | €11,498 | +€1,345 | +13.2% |
| Furniture and vehicles | 24 | €17,393 | €11,531 | -€5,862 | -33.7% |
| Financial fixed assets | 28 | €100,500 | €100,500 | = | 0.0% |
| Current assets | 29/58 | €455,226 | €404,910 | -€50,315 | -11.1% |
| Amounts receivable within one year | 40/41 | €377,167 | €347,782 | -€29,386 | -7.8% |
| Trade receivables | 40 | €330,256 | €297,051 | -€33,205 | -10.1% |
| Other amounts receivable | 41 | €46,912 | €50,731 | +€3,819 | +8.1% |
| Cash at bank and in hand | 54/58 | €71,367 | €51,441 | -€19,926 | -27.9% |
| Deferred charges and accrued income | 490/1 | €6,691 | €5,688 | -€1,004 | -15.0% |
| Total equity and liabilities | 10/49 | €838,730 | €771,163 | -€67,566 | -8.1% |
| Equity | 10/15 | €419,884 | €423,474 | +€3,590 | +0.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €401,334 | €404,924 | +€3,590 | +0.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €399,479 | €403,069 | +€3,590 | +0.9% |
| Amounts payable | 17/49 | €418,845 | €347,690 | -€71,156 | -17.0% |
| Amounts payable after more than one year | 17 | €194,816 | €166,586 | -€28,230 | -14.5% |
| Financial debts | 170/4 | €194,816 | €166,586 | -€28,230 | -14.5% |
| Amounts payable within one year | 42/48 | €224,029 | €181,104 | -€42,925 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €27,758 | €28,230 | +€472 | +1.7% |
| Trade debts | 44 | €121,062 | €125,804 | +€4,742 | +3.9% |
| Suppliers | 440/4 | €121,062 | €125,804 | +€4,742 | +3.9% |
| Advances received on contracts in progress | 46 | €511 | €3,369 | +€2,858 | +559% |
| Taxes, remuneration and social security | 45 | €15,010 | €21,515 | +€6,505 | +43.3% |
| Taxes | 450/3 | €6,803 | €15,191 | +€8,388 | +123% |
| Remuneration and social security | 454/9 | €8,207 | €6,324 | -€1,883 | -22.9% |
| Other amounts payable | 47/48 | €59,687 | €2,186 | -€57,501 | -96.3% |
| Non-recurring operating income | 76A | €11,406 | - | -€11,406 | |
| Remuneration, social security and pensions | 62 | €62,566 | €67,412 | +€4,846 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,899 | €23,337 | -€563 | -2.4% |
| Other operating charges | 640/8 | €3,736 | €3,921 | +€186 | +5.0% |
| Gross operating margin | 9900 | €164,241 | €185,963 | +€21,722 | +13.2% |
| Operating profit (loss) | 9901 | €74,040 | €91,294 | +€17,254 | +23.3% |
| Financial income | 75/76B | €479 | €0 | -€479 | -99.9% |
| Recurring financial income | 75 | €479 | €0 | -€479 | -99.9% |
| Financial charges | 65/66B | €8,088 | €3,937 | -€4,150 | -51.3% |
| Recurring financial charges | 65 | €8,088 | €3,937 | -€4,150 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €66,431 | €87,357 | +€20,925 | +31.5% |
| Income taxes | 67/77 | €16,966 | €23,767 | +€6,801 | +40.1% |
| Profit (loss) for the period | 9904 | €49,465 | €63,590 | +€14,124 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,465 | €63,590 | +€14,124 | +28.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.