BO-MAN: 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.
BO-MAN
Largest movements
- Receivables within one year +€41,555
up €41,555 (+58.7%), from €70,817 to €112,372
of which Trade receivables: +€39,570
- Tangible fixed assets -€29,070
down €29,070 (-10.1%), from €289,247 to €260,177
of which Land and buildings: -€20,254
- Trade debts +€42,836
up €42,836 (+54.2%), from €79,090 to €121,926
- Short-term financial debts -€15,281
down €15,281 (-90.4%), from €16,898 to €1,616
- Debts after one year -€12,951
down €12,951 (-38.5%), from €33,607 to €20,656
- Current portion of long-term debt -€4,565
down €4,565 (-26.1%), from €17,517 to €12,951
- Financial income -€15,026
down €15,026 (-50.3%), from €29,898 to €14,872
of which Non-recurring financial income: -€10,708
- Gross operating margin -€13,739
down €13,739 (-25.8%), from €53,248 to €39,510
- Depreciation -€8,735
down €8,735 (-18.7%), from €46,650 to €37,916
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 | €418,858 | €431,366 | +€12,508 | +3.0% |
| Fixed assets | 21/28 | €289,247 | €260,177 | -€29,070 | -10.1% |
| Tangible fixed assets | 22/27 | €289,247 | €260,177 | -€29,070 | -10.1% |
| Land and buildings | 22 | €244,860 | €224,607 | -€20,254 | -8.3% |
| Plant, machinery and equipment | 23 | €29,523 | €31,477 | +€1,953 | +6.6% |
| Furniture and vehicles | 24 | €14,863 | €4,093 | -€10,770 | -72.5% |
| Current assets | 29/58 | €129,611 | €171,189 | +€41,579 | +32.1% |
| Stocks and contracts in progress | 3 | €43,000 | €43,000 | = | 0.0% |
| Stocks | 30/36 | €18,000 | €18,000 | = | 0.0% |
| Contracts in progress | 37 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,817 | €112,372 | +€41,555 | +58.7% |
| Trade receivables | 40 | €65,443 | €105,012 | +€39,570 | +60.5% |
| Other amounts receivable | 41 | €5,374 | €7,360 | +€1,986 | +37.0% |
| Cash at bank and in hand | 54/58 | €6,800 | €6,643 | -€158 | -2.3% |
| Deferred charges and accrued income | 490/1 | €8,993 | €9,174 | +€181 | +2.0% |
| Total equity and liabilities | 10/49 | €418,858 | €431,366 | +€12,508 | +3.0% |
| Equity | 10/15 | €219,719 | €220,107 | +€388 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €201,119 | €201,507 | +€388 | +0.2% |
| Distributable reserves | 133 | €201,119 | €201,507 | +€388 | +0.2% |
| Amounts payable | 17/49 | €199,138 | €211,259 | +€12,120 | +6.1% |
| Amounts payable after more than one year | 17 | €33,607 | €20,656 | -€12,951 | -38.5% |
| Financial debts | 170/4 | €33,607 | €20,656 | -€12,951 | -38.5% |
| Amounts payable within one year | 42/48 | €165,531 | €190,603 | +€25,072 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €17,517 | €12,951 | -€4,565 | -26.1% |
| Financial debts | 43 | €16,898 | €1,616 | -€15,281 | -90.4% |
| Credit institutions | 430/8 | €16,898 | €1,616 | -€15,281 | -90.4% |
| Trade debts | 44 | €79,090 | €121,926 | +€42,836 | +54.2% |
| Suppliers | 440/4 | €79,090 | €121,926 | +€42,836 | +54.2% |
| Taxes, remuneration and social security | 45 | €2,304 | €5,125 | +€2,821 | +122% |
| Taxes | 450/3 | €2,304 | €5,125 | +€2,821 | +122% |
| Other amounts payable | 47/48 | €49,723 | €48,984 | -€738 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,650 | €37,916 | -€8,735 | -18.7% |
| Other operating charges | 640/8 | €11,271 | €11,336 | +€66 | +0.6% |
| Non-recurring operating charges | 66A | €17,852 | - | -€17,852 | |
| Gross operating margin | 9900 | €53,248 | €39,510 | -€13,739 | -25.8% |
| Operating profit (loss) | 9901 | -€22,525 | -€9,743 | +€12,782 | +56.7% |
| Financial income | 75/76B | €29,898 | €14,872 | -€15,026 | -50.3% |
| Recurring financial income | 75 | €4,318 | €0 | -€4,318 | -100.0% |
| Non-recurring financial income | 76B | €25,580 | €14,872 | -€10,708 | -41.9% |
| Financial charges | 65/66B | €4,976 | €4,742 | -€234 | -4.7% |
| Recurring financial charges | 65 | €4,976 | €4,742 | -€234 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €2,398 | €388 | -€2,010 | -83.8% |
| Profit (loss) for the period | 9904 | €2,398 | €388 | -€2,010 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,398 | €388 | -€2,010 | -83.8% |
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 18 October 2026 via checked.be.