BOIS ET FLEURS: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2023 and 2025
not consecutiveLargest movements
- Receivables within one year +€15,974
up €15,974 (+49.1%), from €32,542 to €48,515
of which Trade receivables: +€27,044
- Tangible fixed assets -€6,697
no longer reported in 2025 (was €6,697)
of which Furniture and vehicles: -€5,546
- Stocks and contracts -€5,519
no longer reported in 2025 (was €5,519)
- Cash -€2,405
down €2,405 (-67.8%), from €3,548 to €1,144
- Profit (loss) carried forward -€11,144
down €11,144, from €5,729 to -€5,415
- Reserves +€9,957
new in 2025: €9,957
- Trade debts +€5,166
up €5,166 (+43.7%), from €11,831 to €16,997
- Tax, wage and social debts +€4,670
up €4,670 (+125%), from €3,744 to €8,415
- Debts after one year -€4,396
no longer reported in 2025 (was €4,396)
- Gross operating margin -€17,348
down €17,348, from €15,039 to -€2,309
- Taxes -€2,828
no longer reported in 2025 (was €2,828)
- Financial income -€1,919
no longer reported in 2025 (was €1,919)
- Depreciation -€1,761
down €1,761 (-36.8%), from €4,785 to €3,024
- Other operating charges -€935
no longer reported in 2025 (was €935)
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,306 | €49,659 | +€1,353 | +2.8% |
| Fixed assets | 21/28 | €6,697 | - | -€6,697 | |
| Tangible fixed assets | 22/27 | €6,697 | - | -€6,697 | |
| Plant, machinery and equipment | 23 | €1,151 | - | -€1,151 | |
| Furniture and vehicles | 24 | €5,546 | - | -€5,546 | |
| Current assets | 29/58 | €41,609 | €49,659 | +€8,050 | +19.3% |
| Stocks and contracts in progress | 3 | €5,519 | - | -€5,519 | |
| Stocks | 30/36 | €5,519 | - | -€5,519 | |
| Amounts receivable within one year | 40/41 | €32,542 | €48,515 | +€15,974 | +49.1% |
| Trade receivables | 40 | €2,140 | €29,184 | +€27,044 | +1,264% |
| Other amounts receivable | 41 | €30,402 | €19,332 | -€11,070 | -36.4% |
| Cash at bank and in hand | 54/58 | €3,548 | €1,144 | -€2,405 | -67.8% |
| Total equity and liabilities | 10/49 | €48,306 | €49,659 | +€1,353 | +2.8% |
| Equity | 10/15 | €24,329 | €23,142 | -€1,187 | -4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €9,957 | +€9,957 | |
| Distributable reserves | 133 | - | €9,957 | +€9,957 | |
| Profit (loss) carried forward | 14 | €5,729 | -€5,415 | -€11,144 | |
| Amounts payable | 17/49 | €23,977 | €26,517 | +€2,540 | +10.6% |
| Amounts payable after more than one year | 17 | €4,396 | - | -€4,396 | |
| Financial debts | 170/4 | €4,396 | - | -€4,396 | |
| Amounts payable within one year | 42/48 | €19,582 | €26,517 | +€6,935 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €3,250 | €1,106 | -€2,144 | -66.0% |
| Trade debts | 44 | €11,831 | €16,997 | +€5,166 | +43.7% |
| Suppliers | 440/4 | €11,831 | €16,997 | +€5,166 | +43.7% |
| Taxes, remuneration and social security | 45 | €3,744 | €8,415 | +€4,670 | +125% |
| Taxes | 450/3 | €3,744 | €8,415 | +€4,670 | +125% |
| Other amounts payable | 47/48 | €756 | - | -€756 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,785 | €3,024 | -€1,761 | -36.8% |
| Other operating charges | 640/8 | €935 | - | -€935 | |
| Non-recurring operating charges | 66A | €236 | - | -€236 | |
| Gross operating margin | 9900 | €15,039 | -€2,309 | -€17,348 | |
| Operating profit (loss) | 9901 | €9,082 | -€5,333 | -€14,415 | |
| Financial income | 75/76B | €1,919 | - | -€1,919 | |
| Recurring financial income | 75 | €1,919 | - | -€1,919 | |
| Financial charges | 65/66B | €1,007 | €82 | -€924 | -91.8% |
| Recurring financial charges | 65 | €1,007 | €82 | -€924 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | €9,994 | -€5,415 | -€15,409 | |
| Income taxes | 67/77 | €2,828 | - | -€2,828 | |
| Profit (loss) for the period | 9904 | €7,166 | -€5,415 | -€12,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,166 | -€5,415 | -€12,581 |
Value
latest balance sheet 30-06-2025 · indication, not a valuation or adviceIndicative value of the equity
Indication, not a valuation or adviceMidpoint €14,150 · 50% capitalised earnings, 50% adjusted equity
Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50% revaluation €0 other adjustment €0 EBITDA multiple
The filed figures and these assumptions give no positive value. The adjusted equity and the average result are both zero or negative.
Part of the calculation comes out below zero. A shareholding is never worth less than zero, so the floor is zero.
Adjusted equity
- Equity (10/15)
- €23,142
- Formation expenses (20)
- €0
- Intangible fixed assets (21)
- €0
- Revaluation of assets
- €0
- Deferred tax on the revaluation
- €0
- Other adjustment
- €0
- Adjusted equity
- €23,142
Capitalised earnings
- 2025
- -€5,415
- 2023
- €7,166
- excluding non-recurring income and charges
- €7,402
- 2022
- -€281
- excluding non-recurring income and charges
- -€128
- 2021
- €7,294
- 2020
- €2,204
- Average result, excluding non-recurring income and charges
- €619
- Divided by the capitalisation rate
- 14% / 12% / 10%
- Capitalised earnings
- €4,421 / €5,158 / €6,190
Your EBITDA multiple
- EBITDA 2025
- -€2,309
- Net financial debt
- -€38
- Your multiple
- -
- Value with your multiple
- -
These accounts do not break down the debts after one year. They count in full as financial debt.
Limits of the indication
- Checked holds no market prices or comparable transactions.
- Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
- Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
- The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.
For a valuation to base a decision on, go to a company auditor or a certified accountant.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 30 June 2023 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 9 November 2026 via checked.be.