A. De Bouver: 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.
A. De Bouver
Largest movements
- Tangible fixed assets -€22,787
down €22,787 (-3.5%), from €656,446 to €633,659
- Cash +€13,358
up €13,358 (+27.7%), from €48,198 to €61,556
mainly Other debts (+€76,671) and Net result for the year (+€23,651)
- Other debts +€76,671
up €76,671 (+154%), from €49,755 to €126,426
- Reserves -€56,349
down €56,349 (-21.5%), from €262,466 to €206,116
of which Distributable reserves: -€56,349
- Debts after one year -€25,398
down €25,398 (-6.3%), from €403,748 to €378,350
- Financial charges -€2,487
down €2,487 (-14.8%), from €16,839 to €14,352
- Depreciation -€1,034
down €1,034 (-4.3%), from €23,821 to €22,787
- Taxes +€851
up €851 (+10.9%), from €7,805 to €8,656
- Financial income -€808
down €808 (-24.5%), from €3,301 to €2,493
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 | €760,897 | €757,833 | -€3,063 | -0.4% |
| Fixed assets | 21/28 | €656,446 | €633,659 | -€22,787 | -3.5% |
| Tangible fixed assets | 22/27 | €656,446 | €633,659 | -€22,787 | -3.5% |
| Land and buildings | 22 | €656,446 | €633,659 | -€22,787 | -3.5% |
| Current assets | 29/58 | €104,451 | €124,174 | +€19,723 | +18.9% |
| Amounts receivable after more than one year | 29 | €53,217 | €54,403 | +€1,186 | +2.2% |
| Other amounts receivable | 291 | €53,217 | €54,403 | +€1,186 | +2.2% |
| Amounts receivable within one year | 40/41 | €445 | €5,142 | +€4,697 | +1,054% |
| Trade receivables | 40 | - | €78 | +€78 | |
| Other amounts receivable | 41 | €445 | €5,064 | +€4,618 | +1,037% |
| Cash at bank and in hand | 54/58 | €48,198 | €61,556 | +€13,358 | +27.7% |
| Deferred charges and accrued income | 490/1 | €2,590 | €3,073 | +€483 | +18.6% |
| Total equity and liabilities | 10/49 | €760,897 | €757,833 | -€3,063 | -0.4% |
| Equity | 10/15 | €281,066 | €224,716 | -€56,349 | -20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €262,466 | €206,116 | -€56,349 | -21.5% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €224,966 | €168,616 | -€56,349 | -25.0% |
| Amounts payable | 17/49 | €479,831 | €533,117 | +€53,286 | +11.1% |
| Amounts payable after more than one year | 17 | €403,748 | €378,350 | -€25,398 | -6.3% |
| Financial debts | 170/4 | €403,748 | €378,350 | -€25,398 | -6.3% |
| Amounts payable within one year | 42/48 | €76,083 | €154,485 | +€78,402 | +103% |
| Current portion of amounts payable after more than one year | 42 | €24,812 | €26,353 | +€1,541 | +6.2% |
| Trade debts | 44 | €1,516 | €1,706 | +€190 | +12.5% |
| Suppliers | 440/4 | €1,516 | €1,706 | +€190 | +12.5% |
| Other amounts payable | 47/48 | €49,755 | €126,426 | +€76,671 | +154% |
| Accrued charges and deferred income | 492/3 | - | €282 | +€282 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,821 | €22,787 | -€1,034 | -4.3% |
| Other operating charges | 640/8 | €3,854 | €3,623 | -€231 | -6.0% |
| Gross operating margin | 9900 | €70,389 | €70,576 | +€188 | +0.3% |
| Operating profit (loss) | 9901 | €42,715 | €44,167 | +€1,452 | +3.4% |
| Financial income | 75/76B | €3,301 | €2,493 | -€808 | -24.5% |
| Recurring financial income | 75 | €3,301 | €2,493 | -€808 | -24.5% |
| Financial charges | 65/66B | €16,839 | €14,352 | -€2,487 | -14.8% |
| Recurring financial charges | 65 | €16,839 | €14,352 | -€2,487 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €29,176 | €32,307 | +€3,131 | +10.7% |
| Income taxes | 67/77 | €7,805 | €8,656 | +€851 | +10.9% |
| Profit (loss) for the period | 9904 | €21,371 | €23,651 | +€2,280 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,371 | €23,651 | +€2,280 | +10.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.