BOU: what changed
Two fiscal 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.
BOU
Largest movements
- Receivables within one year -€50,331
down €50,331 (-29.6%), from €169,802 to €119,471
of which Trade receivables: -€44,955
- Tangible fixed assets -€12,062
down €12,062 (-7.2%), from €168,523 to €156,461
of which Furniture and vehicles: -€7,090
- Cash +€8,187
up €8,187 (+766.6%), from €1,068 to €9,255
mainly Receivables within one year (+€50,331) and Depreciation (+€12,692)
- Trade debts -€29,786
down €29,786 (-49.1%), from €60,691 to €30,905
- Debts after one year -€20,097
down €20,097 (-13.4%), from €150,079 to €129,982
- Gross operating margin -€37,381
down €37,381 (-61.3%), from €60,940 to €23,559
- Taxes -€10,461
down €10,461 (-79.0%), from €13,250 to €2,789
- Depreciation -€6,185
down €6,185 (-32.8%), from €18,877 to €12,692
- Other operating charges +€996
up €996 (+33.6%), from €2,968 to €3,964
- Financial income -€773
down €773 (-16.3%), from €4,749 to €3,976
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.
Cash bridge derived
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 | €339,393 | €287,766 | -€51,627 | -15.2% |
| Fixed assets | 21/28 | €168,523 | €156,461 | -€12,062 | -7.2% |
| Tangible fixed assets | 22/27 | €168,523 | €156,461 | -€12,062 | -7.2% |
| Land and buildings | 22 | €161,376 | €156,404 | -€4,972 | -3.1% |
| Furniture and vehicles | 24 | €7,147 | €57 | -€7,090 | -99.2% |
| Current assets | 29/58 | €170,870 | €131,305 | -€39,565 | -23.2% |
| Amounts receivable within one year | 40/41 | €169,802 | €119,471 | -€50,331 | -29.6% |
| Trade receivables | 40 | €89,063 | €44,108 | -€44,955 | -50.5% |
| Other amounts receivable | 41 | €80,739 | €75,363 | -€5,376 | -6.7% |
| Cash at bank and in hand | 54/58 | €1,068 | €9,255 | +€8,187 | +766.6% |
| Deferred charges and accrued income | 490/1 | - | €2,579 | +€2,579 | |
| Total equity and liabilities | 10/49 | €339,393 | €287,766 | -€51,627 | -15.2% |
| Equity | 10/15 | €87,383 | €87,744 | +€361 | +0.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,383 | €85,744 | +€361 | +0.4% |
| Amounts payable | 17/49 | €252,010 | €200,022 | -€51,988 | -20.6% |
| Amounts payable after more than one year | 17 | €150,079 | €129,982 | -€20,097 | -13.4% |
| Financial debts | 170/4 | €150,079 | €129,982 | -€20,097 | -13.4% |
| Amounts payable within one year | 42/48 | €101,931 | €70,040 | -€31,891 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €19,196 | €20,097 | +€901 | +4.7% |
| Trade debts | 44 | €60,691 | €30,905 | -€29,786 | -49.1% |
| Suppliers | 440/4 | €60,691 | €30,905 | -€29,786 | -49.1% |
| Taxes, remuneration and social security | 45 | €22,044 | €19,038 | -€3,006 | -13.6% |
| Taxes | 450/3 | €22,044 | €19,038 | -€3,006 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,877 | €12,692 | -€6,185 | -32.8% |
| Other operating charges | 640/8 | €2,968 | €3,964 | +€996 | +33.6% |
| Gross operating margin | 9900 | €60,940 | €23,559 | -€37,381 | -61.3% |
| Operating profit (loss) | 9901 | €39,095 | €6,903 | -€32,192 | -82.3% |
| Financial income | 75/76B | €4,749 | €3,976 | -€773 | -16.3% |
| Recurring financial income | 75 | €4,749 | €3,976 | -€773 | -16.3% |
| Financial charges | 65/66B | €8,076 | €7,729 | -€347 | -4.3% |
| Recurring financial charges | 65 | €8,076 | €7,729 | -€347 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €35,768 | €3,150 | -€32,618 | -91.2% |
| Income taxes | 67/77 | €13,250 | €2,789 | -€10,461 | -79.0% |
| Profit (loss) for the period | 9904 | €22,518 | €361 | -€22,157 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,518 | €361 | -€22,157 | -98.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.