Bert Bousse: 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.
Bert Bousse
Largest movements
- Tangible fixed assets -€10,573
down €10,573 (-20.5%), from €51,666 to €41,093
of which Leasing and similar rights: -€10,865
- Cash -€3,818
down €3,818 (-37.5%), from €10,183 to €6,365
mainly Debts after one year (-€9,740) and Net result for the year (-€6,218)
- Receivables within one year -€2,560
no longer reported in 2025 (was €2,560)
- Debts after one year -€9,740
down €9,740 (-24.4%), from €39,846 to €30,106
- Profit (loss) carried forward -€6,218
down €6,218, from €5,621 to -€597
- Trade debts -€2,178
down €2,178 (-54.0%), from €4,032 to €1,854
- Depreciation +€7,286
up €7,286 (+166%), from €4,387 to €11,673
- Gross operating margin -€2,581
down €2,581 (-17.6%), from €14,702 to €12,121
- Financial charges +€1,307
up €1,307 (+146%), from €895 to €2,202
- Other operating charges +€425
up €425 (+32.7%), from €1,300 to €1,724
- Taxes +€239
up €239 (+9.6%), from €2,500 to €2,739
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 | €65,214 | €47,790 | -€17,424 | -26.7% |
| Formation expenses | 20 | €473 | - | -€473 | |
| Fixed assets | 21/28 | €51,998 | €41,425 | -€10,573 | -20.3% |
| Tangible fixed assets | 22/27 | €51,666 | €41,093 | -€10,573 | -20.5% |
| Plant, machinery and equipment | 23 | €665 | €957 | +€292 | +44.0% |
| Leasing and similar rights | 25 | €51,001 | €40,136 | -€10,865 | -21.3% |
| Financial fixed assets | 28 | €332 | €332 | = | 0.0% |
| Current assets | 29/58 | €12,743 | €6,365 | -€6,378 | -50.1% |
| Amounts receivable within one year | 40/41 | €2,560 | - | -€2,560 | |
| Trade receivables | 40 | €2,560 | - | -€2,560 | |
| Cash at bank and in hand | 54/58 | €10,183 | €6,365 | -€3,818 | -37.5% |
| Total equity and liabilities | 10/49 | €65,214 | €47,790 | -€17,424 | -26.7% |
| Equity | 10/15 | €6,621 | €403 | -€6,218 | -93.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,621 | -€597 | -€6,218 | |
| Amounts payable | 17/49 | €58,593 | €47,387 | -€11,206 | -19.1% |
| Amounts payable after more than one year | 17 | €39,846 | €30,106 | -€9,740 | -24.4% |
| Financial debts | 170/4 | €39,846 | €30,106 | -€9,740 | -24.4% |
| Amounts payable within one year | 42/48 | €18,747 | €17,282 | -€1,465 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €9,364 | €8,943 | -€421 | -4.5% |
| Trade debts | 44 | €4,032 | €1,854 | -€2,178 | -54.0% |
| Suppliers | 440/4 | €4,032 | €1,854 | -€2,178 | -54.0% |
| Taxes, remuneration and social security | 45 | €5,253 | €5,752 | +€499 | +9.5% |
| Taxes | 450/3 | €5,253 | €5,752 | +€499 | +9.5% |
| Other amounts payable | 47/48 | €99 | €733 | +€634 | +643% |
| Non-recurring operating income | 76A | - | €199 | +€199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,387 | €11,673 | +€7,286 | +166% |
| Other operating charges | 640/8 | €1,300 | €1,724 | +€425 | +32.7% |
| Gross operating margin | 9900 | €14,702 | €12,121 | -€2,581 | -17.6% |
| Operating profit (loss) | 9901 | €9,015 | -€1,277 | -€10,292 | |
| Financial charges | 65/66B | €895 | €2,202 | +€1,307 | +146% |
| Recurring financial charges | 65 | €895 | €2,202 | +€1,307 | +146% |
| Profit (loss) for the period before taxes | 9903 | €8,121 | -€3,479 | -€11,599 | |
| Income taxes | 67/77 | €2,500 | €2,739 | +€239 | +9.6% |
| Profit (loss) for the period | 9904 | €5,621 | -€6,218 | -€11,839 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,621 | -€6,218 | -€11,839 |
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 14 October 2026 via checked.be.