BOFE: what changed
BOFE
Largest movements
- Tangible fixed assets -€30,344
down €30,344 (-26.5%), from €114,622 to €84,278
of which Furniture and vehicles: -€26,586
- Cash +€26,705
up €26,705 (+40.6%), from €65,824 to €92,529
mainly Depreciation (+€32,681) and Receivables after one year (+€25,000)
- Receivables after one year -€25,000
down €25,000 (-100%), from €25,000 to €0
of which Trade receivables: -€25,000
- Receivables within one year -€9,303
down €9,303 (-35.3%), from €26,359 to €17,057
of which Other amounts receivable: -€6,533
- Other debts -€29,569
down €29,569 (-56.8%), from €52,086 to €22,517
- Debts after one year -€25,074
down €25,074 (-53.7%), from €46,706 to €21,631
- Reserves +€22,684
up €22,684 (+9.5%), from €238,531 to €261,216
of which Distributable reserves: +€24,544
- Trade debts -€12,918
down €12,918 (-89.2%), from €14,482 to €1,564
- Gross operating margin -€12,649
down €12,649 (-15.3%), from €82,792 to €70,142
- Financial charges +€12,401
up €12,401, from -€7,284 to €5,116
- Taxes +€5,640
up €5,640 (+95.8%), from €5,887 to €11,528
- Depreciation +€1,144
up €1,144 (+3.6%), from €31,537 to €32,681
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,712 | €318,542 | -€38,170 | -10.7% |
| Fixed assets | 21/28 | €114,622 | €84,278 | -€30,344 | -26.5% |
| Tangible fixed assets | 22/27 | €114,622 | €84,278 | -€30,344 | -26.5% |
| Land and buildings | 22 | €6,392 | €5,835 | -€558 | -8.7% |
| Plant, machinery and equipment | 23 | €12,362 | €9,161 | -€3,201 | -25.9% |
| Furniture and vehicles | 24 | €95,868 | €69,283 | -€26,586 | -27.7% |
| Current assets | 29/58 | €242,090 | €234,264 | -€7,826 | -3.2% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100% |
| Trade receivables | 290 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 291 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €26,359 | €17,057 | -€9,303 | -35.3% |
| Trade receivables | 40 | €18,559 | €15,789 | -€2,770 | -14.9% |
| Other amounts receivable | 41 | €7,800 | €1,268 | -€6,533 | -83.8% |
| Current investments | 50/53 | €121,750 | €121,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,824 | €92,529 | +€26,705 | +40.6% |
| Deferred charges and accrued income | 490/1 | €3,157 | €2,928 | -€228 | -7.2% |
| Total equity and liabilities | 10/49 | €356,712 | €318,542 | -€38,170 | -10.7% |
| Equity | 10/15 | €215,806 | €238,490 | +€22,684 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €238,531 | €261,216 | +€22,684 | +9.5% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €236,671 | €261,216 | +€24,544 | +10.4% |
| Profit (loss) carried forward | 14 | -€41,326 | -€41,326 | = | 0.0% |
| Amounts payable | 17/49 | €140,906 | €80,052 | -€60,855 | -43.2% |
| Amounts payable after more than one year | 17 | €46,706 | €21,631 | -€25,074 | -53.7% |
| Financial debts | 170/4 | €46,706 | €21,631 | -€25,074 | -53.7% |
| Amounts payable within one year | 42/48 | €94,201 | €56,072 | -€38,129 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €24,145 | €25,074 | +€930 | +3.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €14,482 | €1,564 | -€12,918 | -89.2% |
| Suppliers | 440/4 | €14,482 | €1,564 | -€12,918 | -89.2% |
| Taxes, remuneration and social security | 45 | €3,489 | €6,917 | +€3,428 | +98.3% |
| Taxes | 450/3 | €3,489 | €6,917 | +€3,428 | +98.3% |
| Other amounts payable | 47/48 | €52,086 | €22,517 | -€29,569 | -56.8% |
| Accrued charges and deferred income | 492/3 | - | €2,349 | +€2,349 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,537 | €32,681 | +€1,144 | +3.6% |
| Other operating charges | 640/8 | €1,956 | €2,555 | +€599 | +30.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €82,792 | €70,142 | -€12,649 | -15.3% |
| Operating profit (loss) | 9901 | €49,299 | €34,906 | -€14,392 | -29.2% |
| Financial income | 75/76B | €3,992 | €4,422 | +€430 | +10.8% |
| Recurring financial income | 75 | €3,992 | €4,422 | +€430 | +10.8% |
| Financial charges | 65/66B | -€7,284 | €5,116 | +€12,401 | |
| Recurring financial charges | 65 | -€7,284 | €5,116 | +€12,401 | |
| Profit (loss) for the period before taxes | 9903 | €60,575 | €34,212 | -€26,363 | -43.5% |
| Income taxes | 67/77 | €5,887 | €11,528 | +€5,640 | +95.8% |
| Profit (loss) for the period | 9904 | €54,688 | €22,684 | -€32,004 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,688 | €22,684 | -€32,004 | -58.5% |
Next steps
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 3 November 2026 via checked.be.