Boeurdhon: 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.
Boeurdhon
Largest movements
- Tangible fixed assets -€16,454
down €16,454 (-6.2%), from €267,045 to €250,592
- Profit (loss) carried forward -€25,294
down €25,294 (-25.0%), from -€101,234 to -€126,528
- Other debts +€12,109
up €12,109 (+11.9%), from €102,183 to €114,292
- Debts after one year -€2,890
down €2,890 (-5.5%), from €52,873 to €49,982
- Gross operating margin +€872
up €872 (+17.6%), from -€4,950 to -€4,078
- Depreciation +€126
up €126 (+0.7%), from €17,055 to €17,180
- Financial charges -€69
down €69 (-2.7%), from €2,513 to €2,444
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 | €269,349 | €253,225 | -€16,124 | -6.0% |
| Fixed assets | 21/28 | €267,070 | €250,617 | -€16,454 | -6.2% |
| Tangible fixed assets | 22/27 | €267,045 | €250,592 | -€16,454 | -6.2% |
| Leasing and similar rights | 25 | €267,045 | €250,592 | -€16,454 | -6.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €2,278 | €2,608 | +€330 | +14.5% |
| Amounts receivable within one year | 40/41 | €1,590 | €2,121 | +€531 | +33.4% |
| Trade receivables | 40 | €120 | €228 | +€108 | +89.7% |
| Other amounts receivable | 41 | €1,470 | €1,893 | +€423 | +28.8% |
| Cash at bank and in hand | 54/58 | €485 | €274 | -€211 | -43.5% |
| Deferred charges and accrued income | 490/1 | €204 | €214 | +€10 | +4.9% |
| Total equity and liabilities | 10/49 | €269,349 | €253,225 | -€16,124 | -6.0% |
| Equity | 10/15 | €110,018 | €84,724 | -€25,294 | -23.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €198,852 | €198,852 | = | 0.0% |
| Distributable reserves | 133 | €198,852 | €198,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,234 | -€126,528 | -€25,294 | -25.0% |
| Amounts payable | 17/49 | €159,330 | €168,501 | +€9,170 | +5.8% |
| Amounts payable after more than one year | 17 | €52,873 | €49,982 | -€2,890 | -5.5% |
| Financial debts | 170/4 | €52,873 | €49,982 | -€2,890 | -5.5% |
| Amounts payable within one year | 42/48 | €106,458 | €118,519 | +€12,061 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €2,779 | €2,890 | +€111 | +4.0% |
| Trade debts | 44 | €205 | €44 | -€161 | -78.6% |
| Suppliers | 440/4 | €205 | €44 | -€161 | -78.6% |
| Taxes, remuneration and social security | 45 | €1,291 | €1,292 | +€1 | +0.1% |
| Taxes | 450/3 | €1,220 | €1,220 | = | 0.0% |
| Remuneration and social security | 454/9 | €71 | €73 | +€1 | +2.0% |
| Other amounts payable | 47/48 | €102,183 | €114,292 | +€12,109 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,055 | €17,180 | +€126 | +0.7% |
| Other operating charges | 640/8 | €1,549 | €1,592 | +€42 | +2.7% |
| Gross operating margin | 9900 | -€4,950 | -€4,078 | +€872 | +17.6% |
| Operating profit (loss) | 9901 | -€23,554 | -€22,850 | +€704 | +3.0% |
| Financial charges | 65/66B | €2,513 | €2,444 | -€69 | -2.7% |
| Recurring financial charges | 65 | €2,513 | €2,444 | -€69 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,067 | -€25,294 | +€773 | +3.0% |
| Profit (loss) for the period | 9904 | -€26,067 | -€25,294 | +€773 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,067 | -€25,294 | +€773 | +3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.