BOIS CAHU: 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.
BOIS CAHU
Largest movements
- Cash -€49,965
down €49,965 (-76.0%), from €65,718 to €15,753
mainly Net result for the year (-€127,347) and Investment in fixed assets (net) (-€77,510)
- Tangible fixed assets -€25,554
down €25,554 (-2.1%), from €1.2m to €1.2m
of which Land and buildings: -€19,670
- Receivables within one year +€14,329
up €14,329 (+51.6%), from €27,778 to €42,107
of which Trade receivables: +€14,916
- Profit (loss) carried forward -€127,347
down €127,347 (-93.3%), from -€136,479 to -€263,826
- Other debts +€89,288
up €89,288 (+8.6%), from €1.0m to €1.1m
- Debts after one year -€20,504
down €20,504 (-15.4%), from €133,516 to €113,013
- Gross operating margin -€52,708
down €52,708, from €37,683 to -€15,024
- Financial charges -€8,748
down €8,748 (-75.6%), from €11,576 to €2,828
- Depreciation +€6,482
up €6,482 (+6.7%), from €96,582 to €103,064
- Other operating charges -€2,160
down €2,160 (-32.4%), from €6,673 to €4,512
- Staff costs +€1,934
new in 2025: €1,934
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 | €1,286,092 | €1,224,532 | -€61,559 | -4.8% |
| Fixed assets | 21/28 | €1,192,227 | €1,166,672 | -€25,554 | -2.1% |
| Tangible fixed assets | 22/27 | €1,191,727 | €1,166,172 | -€25,554 | -2.1% |
| Land and buildings | 22 | €1,161,495 | €1,141,824 | -€19,670 | -1.7% |
| Plant, machinery and equipment | 23 | €10,579 | €8,036 | -€2,543 | -24.0% |
| Furniture and vehicles | 24 | €19,653 | €16,312 | -€3,341 | -17.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €93,865 | €57,860 | -€36,005 | -38.4% |
| Amounts receivable within one year | 40/41 | €27,778 | €42,107 | +€14,329 | +51.6% |
| Trade receivables | 40 | €8,361 | €23,278 | +€14,916 | +178% |
| Other amounts receivable | 41 | €19,417 | €18,830 | -€587 | -3.0% |
| Cash at bank and in hand | 54/58 | €65,718 | €15,753 | -€49,965 | -76.0% |
| Deferred charges and accrued income | 490/1 | €369 | - | -€369 | |
| Total equity and liabilities | 10/49 | €1,286,092 | €1,224,532 | -€61,559 | -4.8% |
| Equity | 10/15 | €85,768 | -€41,578 | -€127,347 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €203,648 | €203,648 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,055 | €21,055 | = | 0.0% |
| Distributable reserves | 133 | €182,592 | €182,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,479 | -€263,826 | -€127,347 | -93.3% |
| Amounts payable | 17/49 | €1,200,323 | €1,266,110 | +€65,787 | +5.5% |
| Amounts payable after more than one year | 17 | €133,516 | €113,013 | -€20,504 | -15.4% |
| Financial debts | 170/4 | €133,516 | €113,013 | -€20,504 | -15.4% |
| Amounts payable within one year | 42/48 | €1,064,938 | €1,151,229 | +€86,291 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €20,187 | €20,503 | +€315 | +1.6% |
| Taxes, remuneration and social security | 45 | €6,337 | €3,025 | -€3,313 | -52.3% |
| Taxes | 450/3 | €6,337 | €3,025 | -€3,313 | -52.3% |
| Other amounts payable | 47/48 | €1,038,413 | €1,127,701 | +€89,288 | +8.6% |
| Accrued charges and deferred income | 492/3 | €1,869 | €1,869 | = | 0.0% |
| Non-recurring operating income | 76A | €15,137 | €500 | -€14,637 | -96.7% |
| Remuneration, social security and pensions | 62 | - | €1,934 | +€1,934 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,582 | €103,064 | +€6,482 | +6.7% |
| Other operating charges | 640/8 | €6,673 | €4,512 | -€2,160 | -32.4% |
| Gross operating margin | 9900 | €37,683 | -€15,024 | -€52,708 | |
| Operating profit (loss) | 9901 | -€65,571 | -€124,534 | -€58,964 | -89.9% |
| Financial income | 75/76B | €16 | €16 | +€0 | +0.1% |
| Recurring financial income | 75 | €16 | €16 | +€0 | +0.1% |
| Financial charges | 65/66B | €11,576 | €2,828 | -€8,748 | -75.6% |
| Recurring financial charges | 65 | €11,576 | €2,828 | -€8,748 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | -€77,131 | -€127,347 | -€50,215 | -65.1% |
| Profit (loss) for the period | 9904 | -€77,131 | -€127,347 | -€50,215 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,131 | -€127,347 | -€50,215 | -65.1% |
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 31 October 2026 via checked.be.