BOIS MADAME: 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 MADAME
Largest movements
- Financial fixed assets +€650,000
new in 2025: €650,000
- Cash -€438,326
down €438,326 (-68.3%), from €641,952 to €203,626
mainly Investment in fixed assets (net) (-€650,000) and Trade debts (-€506,501)
- Stocks and contracts -€123,972
down €123,972 (-2.8%), from €4.4m to €4.3m
of which Contracts in progress: -€1.6m
- Receivables within one year -€69,230
down €69,230 (-18.8%), from €367,950 to €298,720
of which Trade receivables: -€77,031
- Short-term financial debts +€845,524
up €845,524 (+47.4%), from €1.8m to €2.6m
- Trade debts -€506,501
down €506,501 (-88.2%), from €574,576 to €68,075
- Other debts -€290,806
down €290,806 (-12.6%), from €2.3m to €2.0m
- Profit (loss) carried forward -€93,649
down €93,649 (-32.8%), from €285,395 to €191,747
- Gross operating margin -€888,346
down €888,346 (-96.9%), from €917,062 to €28,716
- Taxes -€95,370
down €95,370 (-100%), from €95,370 to €0
- Provisions +€50,000
new in 2025: €50,000
- Financial charges -€28,802
down €28,802 (-49.6%), from €58,073 to €29,270
- Other operating charges -€10,874
down €10,874 (-77.7%), from €13,999 to €3,125
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 | €5,396,538 | €5,410,622 | +€14,085 | +0.3% |
| Fixed assets | 21/28 | - | €650,000 | +€650,000 | |
| Financial fixed assets | 28 | - | €650,000 | +€650,000 | |
| Current assets | 29/58 | €5,396,538 | €4,760,622 | -€635,915 | -11.8% |
| Stocks and contracts in progress | 3 | €4,379,977 | €4,256,005 | -€123,972 | -2.8% |
| Stocks | 30/36 | €2,793,172 | €4,256,005 | +€1.5m | +52.4% |
| Contracts in progress | 37 | €1,586,804 | €0 | -€1.6m | -100% |
| Amounts receivable within one year | 40/41 | €367,950 | €298,720 | -€69,230 | -18.8% |
| Trade receivables | 40 | €363,320 | €286,289 | -€77,031 | -21.2% |
| Other amounts receivable | 41 | €4,630 | €12,431 | +€7,802 | +169% |
| Cash at bank and in hand | 54/58 | €641,952 | €203,626 | -€438,326 | -68.3% |
| Deferred charges and accrued income | 490/1 | €6,659 | €2,271 | -€4,388 | -65.9% |
| Total equity and liabilities | 10/49 | €5,396,538 | €5,410,622 | +€14,085 | +0.3% |
| Equity | 10/15 | €685,395 | €631,747 | -€53,649 | -7.8% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | - | €40,000 | +€40,000 | |
| Non-distributable reserves | 130/1 | - | €40,000 | +€40,000 | |
| Legal reserve | 130 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | €285,395 | €191,747 | -€93,649 | -32.8% |
| Provisions and deferred taxes | 16 | - | €50,000 | +€50,000 | |
| Provisions for liabilities and charges | 160/5 | - | €50,000 | +€50,000 | |
| Other liabilities and charges | 164/5 | - | €50,000 | +€50,000 | |
| Amounts payable | 17/49 | €4,711,142 | €4,728,876 | +€17,733 | +0.4% |
| Amounts payable within one year | 42/48 | €4,708,689 | €4,721,811 | +€13,122 | +0.3% |
| Financial debts | 43 | €1,784,931 | €2,630,455 | +€845,524 | +47.4% |
| Credit institutions | 430/8 | €1,784,931 | €2,630,455 | +€845,524 | +47.4% |
| Trade debts | 44 | €574,576 | €68,075 | -€506,501 | -88.2% |
| Suppliers | 440/4 | €574,576 | €68,075 | -€506,501 | -88.2% |
| Taxes, remuneration and social security | 45 | €35,095 | €0 | -€35,095 | -100% |
| Taxes | 450/3 | €35,095 | €0 | -€35,095 | -100% |
| Other amounts payable | 47/48 | €2,314,088 | €2,023,282 | -€290,806 | -12.6% |
| Accrued charges and deferred income | 492/3 | €2,453 | €7,064 | +€4,611 | +188% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €13,999 | €3,125 | -€10,874 | -77.7% |
| Gross operating margin | 9900 | €917,062 | €28,716 | -€888,346 | -96.9% |
| Operating profit (loss) | 9901 | €903,063 | -€24,408 | -€927,471 | |
| Financial income | 75/76B | €5,686 | €30 | -€5,657 | -99.5% |
| Recurring financial income | 75 | €5,686 | €30 | -€5,657 | -99.5% |
| Financial charges | 65/66B | €58,073 | €29,270 | -€28,802 | -49.6% |
| Recurring financial charges | 65 | €58,073 | €29,270 | -€28,802 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €850,677 | -€53,649 | -€904,326 | |
| Income taxes | 67/77 | €95,370 | €0 | -€95,370 | -100% |
| Profit (loss) for the period | 9904 | €755,307 | -€53,649 | -€808,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €755,307 | -€53,649 | -€808,955 |
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.