BOGAERT SALAISONS: 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.
BOGAERT SALAISONS
Largest movements
- Receivables within one year -€12,644
down €12,644 (-22.9%), from €55,207 to €42,563
of which Trade receivables: -€12,436
- Cash +€8,887
up €8,887 (+49.1%), from €18,109 to €26,995
mainly Receivables within one year (+€12,644) and Stocks and contracts (+€4,487)
- Stocks and contracts -€4,487
down €4,487 (-7.9%), from €56,771 to €52,284
- Tangible fixed assets -€2,356
down €2,356 (-31.6%), from €7,449 to €5,094
of which Plant, machinery and equipment: -€3,131
- Trade debts -€12,734
down €12,734 (-15.7%), from €80,852 to €68,118
- Profit (loss) carried forward +€1,956
up €1,956 (+1.9%), from -€101,330 to -€99,374
- Gross operating margin -€9,198
down €9,198 (-30.3%), from €30,388 to €21,190
- Depreciation -€2,662
down €2,662 (-45.4%), from €5,860 to €3,198
- Write-downs -€404
down €404 (-21.1%), from €1,919 to €1,515
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 | €137,663 | €127,063 | -€10,600 | -7.7% |
| Fixed assets | 21/28 | €7,449 | €5,094 | -€2,356 | -31.6% |
| Tangible fixed assets | 22/27 | €7,449 | €5,094 | -€2,356 | -31.6% |
| Plant, machinery and equipment | 23 | €7,449 | €4,319 | -€3,131 | -42.0% |
| Furniture and vehicles | 24 | - | €775 | +€775 | |
| Current assets | 29/58 | €130,214 | €121,970 | -€8,245 | -6.3% |
| Stocks and contracts in progress | 3 | €56,771 | €52,284 | -€4,487 | -7.9% |
| Stocks | 30/36 | €56,771 | €52,284 | -€4,487 | -7.9% |
| Amounts receivable within one year | 40/41 | €55,207 | €42,563 | -€12,644 | -22.9% |
| Trade receivables | 40 | €54,318 | €41,882 | -€12,436 | -22.9% |
| Other amounts receivable | 41 | €889 | €681 | -€208 | -23.4% |
| Cash at bank and in hand | 54/58 | €18,109 | €26,995 | +€8,887 | +49.1% |
| Deferred charges and accrued income | 490/1 | €128 | €128 | = | 0.0% |
| Total equity and liabilities | 10/49 | €137,663 | €127,063 | -€10,600 | -7.7% |
| Equity | 10/15 | €7,743 | €9,699 | +€1,956 | +25.3% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €9,916 | €9,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,330 | -€99,374 | +€1,956 | +1.9% |
| Amounts payable | 17/49 | €129,920 | €117,364 | -€12,556 | -9.7% |
| Amounts payable within one year | 42/48 | €128,186 | €115,630 | -€12,556 | -9.8% |
| Financial debts | 43 | €46,955 | €47,512 | +€557 | +1.2% |
| Credit institutions | 430/8 | €46,955 | €47,512 | +€557 | +1.2% |
| Trade debts | 44 | €80,852 | €68,118 | -€12,734 | -15.7% |
| Suppliers | 440/4 | €80,852 | €68,118 | -€12,734 | -15.7% |
| Taxes, remuneration and social security | 45 | €379 | - | -€379 | |
| Taxes | 450/3 | €379 | - | -€379 | |
| Accrued charges and deferred income | 492/3 | €1,734 | €1,734 | = | 0.0% |
| Non-recurring operating income | 76A | €1,861 | - | -€1,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,860 | €3,198 | -€2,662 | -45.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,919 | €1,515 | -€404 | -21.1% |
| Other operating charges | 640/8 | €7,621 | €7,882 | +€260 | +3.4% |
| Non-recurring operating charges | 66A | €2,182 | - | -€2,182 | |
| Gross operating margin | 9900 | €30,388 | €21,190 | -€9,198 | -30.3% |
| Operating profit (loss) | 9901 | €12,804 | €8,595 | -€4,209 | -32.9% |
| Financial income | 75/76B | €30 | €77 | +€46 | +154% |
| Recurring financial income | 75 | €30 | €77 | +€46 | +154% |
| Financial charges | 65/66B | €6,697 | €6,716 | +€19 | +0.3% |
| Recurring financial charges | 65 | €6,697 | €6,716 | +€19 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €6,138 | €1,956 | -€4,182 | -68.1% |
| Profit (loss) for the period | 9904 | €6,138 | €1,956 | -€4,182 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,138 | €1,956 | -€4,182 | -68.1% |
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 26 October 2026 via checked.be.