BOCO: 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.
BOCO
Largest movements
- Cash -€6,371
down €6,371 (-47.1%), from €13,515 to €7,143
mainly Net result for the year (-€6,783) and Trade debts (-€1,115)
- Tangible fixed assets -€3,376
down €3,376 (-42.4%), from €7,957 to €4,581
of which Furniture and vehicles: -€2,278
- Profit (loss) carried forward -€6,783
down €6,783 (-1.3%), from -€517,466 to -€524,249
- Depreciation -€20,462
down €20,462 (-85.8%), from €23,838 to €3,376
- Gross operating margin -€5,341
down €5,341, from €2,986 to -€2,355
- Staff costs -€1,666
no longer reported in 2025 (was €1,666)
- Financial charges -€179
down €179 (-71.5%), from €250 to €71
- Financial income -€63
down €63 (-99.9%), from €63 to €0
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 | €214,363 | €206,173 | -€8,191 | -3.8% |
| Fixed assets | 21/28 | €7,957 | €4,581 | -€3,376 | -42.4% |
| Tangible fixed assets | 22/27 | €7,957 | €4,581 | -€3,376 | -42.4% |
| Plant, machinery and equipment | 23 | €3,590 | €2,493 | -€1,097 | -30.6% |
| Furniture and vehicles | 24 | €4,367 | €2,089 | -€2,278 | -52.2% |
| Current assets | 29/58 | €206,406 | €201,591 | -€4,815 | -2.3% |
| Stocks and contracts in progress | 3 | €178,998 | €178,998 | = | 0.0% |
| Stocks | 30/36 | €178,998 | €178,998 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,794 | €13,818 | +€1,024 | +8.0% |
| Trade receivables | 40 | €12,206 | €13,230 | +€1,024 | +8.4% |
| Other amounts receivable | 41 | €588 | €588 | = | 0.0% |
| Current investments | 50/53 | €503 | €503 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,515 | €7,143 | -€6,371 | -47.1% |
| Deferred charges and accrued income | 490/1 | €596 | €1,128 | +€532 | +89.3% |
| Total equity and liabilities | 10/49 | €214,363 | €206,173 | -€8,191 | -3.8% |
| Equity | 10/15 | -€362,533 | -€369,316 | -€6,783 | -1.9% |
| Contributions | 10/11 | €154,933 | €154,933 | = | 0.0% |
| Capital | 10 | €154,933 | €154,933 | = | 0.0% |
| Issued capital | 100 | €154,933 | €154,933 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€517,466 | -€524,249 | -€6,783 | -1.3% |
| Amounts payable | 17/49 | €576,896 | €575,488 | -€1,408 | -0.2% |
| Amounts payable after more than one year | 17 | €558,490 | €558,490 | = | 0.0% |
| Other amounts payable | 178/9 | €558,490 | €558,490 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,171 | €16,507 | -€1,664 | -9.2% |
| Trade debts | 44 | €1,512 | €397 | -€1,115 | -73.8% |
| Suppliers | 440/4 | €1,512 | €397 | -€1,115 | -73.8% |
| Taxes, remuneration and social security | 45 | €6,037 | €5,273 | -€764 | -12.6% |
| Taxes | 450/3 | €3,714 | €2,982 | -€732 | -19.7% |
| Remuneration and social security | 454/9 | €2,323 | €2,292 | -€31 | -1.3% |
| Other amounts payable | 47/48 | €10,621 | €10,836 | +€215 | +2.0% |
| Accrued charges and deferred income | 492/3 | €235 | €492 | +€256 | +109% |
| Remuneration, social security and pensions | 62 | €1,666 | - | -€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,838 | €3,376 | -€20,462 | -85.8% |
| Other operating charges | 640/8 | €981 | €981 | -€0 | 0.0% |
| Gross operating margin | 9900 | €2,986 | -€2,355 | -€5,341 | |
| Operating profit (loss) | 9901 | -€23,499 | -€6,712 | +€16,787 | +71.4% |
| Financial income | 75/76B | €63 | €0 | -€63 | -99.9% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -99.9% |
| Financial charges | 65/66B | €250 | €71 | -€179 | -71.5% |
| Recurring financial charges | 65 | €250 | €71 | -€179 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,686 | -€6,783 | +€16,903 | +71.4% |
| Profit (loss) for the period | 9904 | -€23,686 | -€6,783 | +€16,903 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,686 | -€6,783 | +€16,903 | +71.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.