BOCQUEZ KURT: what changed
Two fiscal 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.
BOCQUEZ KURT
Largest movements
- Receivables within one year -€24,918
down €24,918 (-27.0%), from €92,131 to €67,213
of which Trade receivables: -€16,878
- Cash +€22,129
up €22,129, from €0 to €22,129
mainly Depreciation (+€39,304) and Receivables within one year (+€24,918)
- Tangible fixed assets -€2,804
down €2,804 (-2.4%), from €115,081 to €112,277
of which Plant, machinery and equipment: -€25,725
- Tax, wage and social debts -€12,302
down €12,302 (-48.3%), from €25,477 to €13,176
of which Taxes: -€13,982
- Current portion of long-term debt +€12,068
up €12,068 (+53.5%), from €22,542 to €34,610
- Short-term financial debts -€5,125
down €5,125 (-100.0%), from €5,125 to €0
- Trade debts -€4,298
down €4,298 (-16.2%), from €26,482 to €22,184
- Debts after one year +€2,781
up €2,781 (+4.2%), from €66,776 to €69,557
- Gross operating margin +€14,191
up €14,191 (+35.4%), from €40,105 to €54,296
- Depreciation +€9,499
up €9,499 (+31.9%), from €29,804 to €39,304
- Other operating charges +€3,856
up €3,856 (+227.3%), from €1,696 to €5,552
- Financial charges +€932
up €932 (+11.9%), from €7,820 to €8,752
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.
Cash bridge derived
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 | €210,182 | €202,979 | -€7,203 | -3.4% |
| Fixed assets | 21/28 | €116,081 | €112,277 | -€3,804 | -3.3% |
| Tangible fixed assets | 22/27 | €115,081 | €112,277 | -€2,804 | -2.4% |
| Plant, machinery and equipment | 23 | €91,483 | €65,757 | -€25,725 | -28.1% |
| Furniture and vehicles | 24 | €23,598 | €46,520 | +€22,922 | +97.1% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100.0% |
| Current assets | 29/58 | €94,101 | €90,702 | -€3,399 | -3.6% |
| Amounts receivable within one year | 40/41 | €92,131 | €67,213 | -€24,918 | -27.0% |
| Trade receivables | 40 | €65,289 | €48,411 | -€16,878 | -25.9% |
| Other amounts receivable | 41 | €26,842 | €18,802 | -€8,040 | -30.0% |
| Cash at bank and in hand | 54/58 | €0 | €22,129 | +€22,129 | |
| Deferred charges and accrued income | 490/1 | €1,970 | €1,360 | -€610 | -31.0% |
| Total equity and liabilities | 10/49 | €210,182 | €202,979 | -€7,203 | -3.4% |
| Equity | 10/15 | €61,675 | €63,082 | +€1,408 | +2.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €58,675 | €60,082 | +€1,408 | +2.4% |
| Distributable reserves | 133 | €58,675 | €60,082 | +€1,408 | +2.4% |
| Amounts payable | 17/49 | €148,507 | €139,897 | -€8,610 | -5.8% |
| Amounts payable after more than one year | 17 | €66,776 | €69,557 | +€2,781 | +4.2% |
| Financial debts | 170/4 | €66,776 | €69,557 | +€2,781 | +4.2% |
| Amounts payable within one year | 42/48 | €79,627 | €69,970 | -€9,657 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €22,542 | €34,610 | +€12,068 | +53.5% |
| Financial debts | 43 | €5,125 | €0 | -€5,125 | -100.0% |
| Credit institutions | 430/8 | €5,125 | €0 | -€5,125 | -100.0% |
| Trade debts | 44 | €26,482 | €22,184 | -€4,298 | -16.2% |
| Suppliers | 440/4 | €26,482 | €22,184 | -€4,298 | -16.2% |
| Taxes, remuneration and social security | 45 | €25,477 | €13,176 | -€12,302 | -48.3% |
| Taxes | 450/3 | €25,477 | €11,496 | -€13,982 | -54.9% |
| Remuneration and social security | 454/9 | - | €1,680 | +€1,680 | |
| Accrued charges and deferred income | 492/3 | €2,104 | €370 | -€1,734 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,804 | €39,304 | +€9,499 | +31.9% |
| Other operating charges | 640/8 | €1,696 | €5,552 | +€3,856 | +227.3% |
| Gross operating margin | 9900 | €40,105 | €54,296 | +€14,191 | +35.4% |
| Operating profit (loss) | 9901 | €8,604 | €9,440 | +€836 | +9.7% |
| Financial income | 75/76B | €845 | €1,382 | +€537 | +63.5% |
| Recurring financial income | 75 | €845 | €1,382 | +€537 | +63.5% |
| Financial charges | 65/66B | €7,820 | €8,752 | +€932 | +11.9% |
| Recurring financial charges | 65 | €7,820 | €8,752 | +€932 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €1,630 | €2,070 | +€440 | +27.0% |
| Income taxes | 67/77 | €282 | €662 | +€380 | +134.7% |
| Profit (loss) for the period | 9904 | €1,347 | €1,408 | +€60 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,347 | €1,408 | +€60 | +4.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.