BOITTE THIERRY: 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.
BOITTE THIERRY
Largest movements
- Tangible fixed assets -€10,609
down €10,609 (-21.7%), from €48,884 to €38,275
of which Furniture and vehicles: -€11,068
- Cash +€5,057
up €5,057 (+9.2%), from €54,998 to €60,055
mainly Depreciation (+€12,369) and Trade debts (+€11,581)
- Stocks and contracts +€2,304
up €2,304 (+44.1%), from €5,230 to €7,534
- Receivables within one year -€1,764
down €1,764 (-8.9%), from €19,843 to €18,079
of which Other amounts receivable: -€3,663
- Profit (loss) carried forward -€17,245
down €17,245 (-81.8%), from €21,091 to €3,846
- Trade debts +€11,581
up €11,581 (+3,240%), from €357 to €11,939
- Gross operating margin -€22,443
down €22,443, from €19,624 to -€2,819
- Depreciation +€3,829
up €3,829 (+44.8%), from €8,540 to €12,369
- Taxes -€2,530
no longer reported in 2025 (was €2,530)
- Staff costs +€1,428
up €1,428, from -€971 to €457
- Financial income -€681
down €681 (-68.1%), from €1,000 to €319
of which Non-recurring financial income: -€1,000
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 | €133,625 | €127,657 | -€5,968 | -4.5% |
| Fixed assets | 21/28 | €48,884 | €38,275 | -€10,609 | -21.7% |
| Tangible fixed assets | 22/27 | €48,884 | €38,275 | -€10,609 | -21.7% |
| Plant, machinery and equipment | 23 | - | €459 | +€459 | |
| Furniture and vehicles | 24 | €48,884 | €37,816 | -€11,068 | -22.6% |
| Current assets | 29/58 | €84,741 | €89,382 | +€4,641 | +5.5% |
| Stocks and contracts in progress | 3 | €5,230 | €7,534 | +€2,304 | +44.1% |
| Stocks | 30/36 | €5,230 | €7,534 | +€2,304 | +44.1% |
| Amounts receivable within one year | 40/41 | €19,843 | €18,079 | -€1,764 | -8.9% |
| Trade receivables | 40 | €15,429 | €17,328 | +€1,899 | +12.3% |
| Other amounts receivable | 41 | €4,414 | €751 | -€3,663 | -83.0% |
| Cash at bank and in hand | 54/58 | €54,998 | €60,055 | +€5,057 | +9.2% |
| Deferred charges and accrued income | 490/1 | €4,671 | €3,714 | -€957 | -20.5% |
| Total equity and liabilities | 10/49 | €133,625 | €127,657 | -€5,968 | -4.5% |
| Equity | 10/15 | €128,408 | €111,163 | -€17,245 | -13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,717 | €88,717 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,226 | €8,226 | = | 0.0% |
| Distributable reserves | 133 | €80,491 | €80,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,091 | €3,846 | -€17,245 | -81.8% |
| Amounts payable | 17/49 | €5,217 | €16,494 | +€11,277 | +216% |
| Amounts payable within one year | 42/48 | €5,217 | €15,774 | +€10,557 | +202% |
| Trade debts | 44 | €357 | €11,939 | +€11,581 | +3,240% |
| Suppliers | 440/4 | €357 | €11,939 | +€11,581 | +3,240% |
| Taxes, remuneration and social security | 45 | €4,860 | €3,835 | -€1,024 | -21.1% |
| Taxes | 450/3 | €4,860 | €1,235 | -€3,624 | -74.6% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Accrued charges and deferred income | 492/3 | - | €720 | +€720 | |
| Non-recurring operating income | 76A | €252 | €252 | = | 0.0% |
| Remuneration, social security and pensions | 62 | -€971 | €457 | +€1,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,540 | €12,369 | +€3,829 | +44.8% |
| Other operating charges | 640/8 | €1,419 | €1,560 | +€142 | +10.0% |
| Gross operating margin | 9900 | €19,624 | -€2,819 | -€22,443 | |
| Operating profit (loss) | 9901 | €10,636 | -€17,205 | -€27,841 | |
| Financial income | 75/76B | €1,000 | €319 | -€681 | -68.1% |
| Recurring financial income | 75 | €1,000 | €319 | -€681 | -68.1% |
| Non-recurring financial income | 76B | €1,000 | - | -€1,000 | |
| Financial charges | 65/66B | €858 | €359 | -€500 | -58.2% |
| Recurring financial charges | 65 | €343 | €359 | +€16 | +4.7% |
| Non-recurring financial charges | 66B | €516 | - | -€516 | |
| Profit (loss) for the period before taxes | 9903 | €10,778 | -€17,245 | -€28,023 | |
| Income taxes | 67/77 | €2,530 | - | -€2,530 | |
| Profit (loss) for the period | 9904 | €8,248 | -€17,245 | -€25,493 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,248 | -€17,245 | -€25,493 |
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 15 October 2026 via checked.be.