BOUBASUD: 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.
BOUBASUD
Largest movements
- Cash -€122,128
down €122,128 (-72.7%), from €168,102 to €45,974
mainly Debts after one year (-€214,040) and Investment in fixed assets (net) (-€147,280)
- Tangible fixed assets +€50,585
up €50,585 (+3.5%), from €1.5m to €1.5m
of which Plant, machinery and equipment: +€110,762
- Stocks and contracts +€44,356
up €44,356 (+29.2%), from €151,732 to €196,088
- Other debts +€253,631
up €253,631 (+82.1%), from €309,031 to €562,662
- Debts after one year -€214,040
down €214,040 (-20.1%), from €1.1m to €848,220
- Profit (loss) carried forward -€145,523
down €145,523 (-90.0%), from -€161,730 to -€307,253
- Trade debts +€41,004
up €41,004 (+18.6%), from €219,987 to €260,991
of which Suppliers: +€41,576
- Gross operating margin -€682,579
down €682,579 (-52.3%), from €1.3m to €621,412
- Depreciation -€495,262
down €495,262 (-81.5%), from €607,549 to €112,287
- Staff costs -€86,584
down €86,584 (-13.1%), from €662,844 to €576,260
- Financial charges -€28,171
down €28,171 (-29.7%), from €94,862 to €66,691
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 | €2,091,973 | €2,045,385 | -€46,588 | -2.2% |
| Fixed assets | 21/28 | €1,499,939 | €1,534,932 | +€34,993 | +2.3% |
| Intangible fixed assets | 21 | €3,816 | - | -€3,816 | |
| Tangible fixed assets | 22/27 | €1,458,892 | €1,509,477 | +€50,585 | +3.5% |
| Plant, machinery and equipment | 23 | €4,527 | €115,289 | +€110,762 | +2446.8% |
| Leasing and similar rights | 25 | €1,452,500 | €1,354,762 | -€97,738 | -6.7% |
| Other tangible fixed assets | 26 | €1,865 | €39,427 | +€37,562 | +2013.6% |
| Financial fixed assets | 28 | €37,231 | €25,455 | -€11,776 | -31.6% |
| Current assets | 29/58 | €592,034 | €510,453 | -€81,581 | -13.8% |
| Stocks and contracts in progress | 3 | €151,732 | €196,088 | +€44,356 | +29.2% |
| Stocks | 30/36 | €151,732 | €196,088 | +€44,356 | +29.2% |
| Amounts receivable within one year | 40/41 | €261,369 | €259,990 | -€1,379 | -0.5% |
| Trade receivables | 40 | €246,713 | €218,808 | -€27,905 | -11.3% |
| Other amounts receivable | 41 | €14,656 | €41,182 | +€26,526 | +181.0% |
| Cash at bank and in hand | 54/58 | €168,102 | €45,974 | -€122,128 | -72.7% |
| Deferred charges and accrued income | 490/1 | €10,831 | €8,401 | -€2,431 | -22.4% |
| Total equity and liabilities | 10/49 | €2,091,973 | €2,045,385 | -€46,588 | -2.2% |
| Equity | 10/15 | €15,265 | -€135,827 | -€151,092 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,730 | -€307,253 | -€145,523 | -90.0% |
| Investment grants | 15 | €141,535 | €135,966 | -€5,569 | -3.9% |
| Amounts payable | 17/49 | €2,076,708 | €2,181,212 | +€104,503 | +5.0% |
| Amounts payable after more than one year | 17 | €1,062,259 | €848,220 | -€214,040 | -20.1% |
| Financial debts | 170/4 | €1,062,259 | €848,220 | -€214,040 | -20.1% |
| Amounts payable within one year | 42/48 | €1,014,449 | €1,332,992 | +€318,543 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €405,077 | €416,884 | +€11,808 | +2.9% |
| Trade debts | 44 | €219,987 | €260,991 | +€41,004 | +18.6% |
| Suppliers | 440/4 | €219,415 | €260,991 | +€41,576 | +18.9% |
| Bills of exchange payable | 441 | €572 | - | -€572 | |
| Taxes, remuneration and social security | 45 | €80,354 | €92,454 | +€12,101 | +15.1% |
| Taxes | 450/3 | €1,141 | €17,083 | +€15,942 | +1397.3% |
| Remuneration and social security | 454/9 | €79,213 | €75,372 | -€3,841 | -4.8% |
| Other amounts payable | 47/48 | €309,031 | €562,662 | +€253,631 | +82.1% |
| Non-recurring operating income | 76A | €708,616 | - | -€708,616 | |
| Remuneration, social security and pensions | 62 | €662,844 | €576,260 | -€86,584 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €607,549 | €112,287 | -€495,262 | -81.5% |
| Other operating charges | 640/8 | €4,845 | €17,844 | +€12,999 | +268.3% |
| Gross operating margin | 9900 | €1,303,992 | €621,412 | -€682,579 | -52.3% |
| Operating profit (loss) | 9901 | €28,753 | -€84,979 | -€113,731 | |
| Financial income | 75/76B | €3,329 | €6,702 | +€3,373 | +101.3% |
| Recurring financial income | 75 | €3,329 | €6,702 | +€3,373 | +101.3% |
| Financial charges | 65/66B | €94,862 | €66,691 | -€28,171 | -29.7% |
| Recurring financial charges | 65 | €94,862 | €66,691 | -€28,171 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | -€62,780 | -€144,968 | -€82,188 | -130.9% |
| Income taxes | 67/77 | €557 | €555 | -€2 | -0.4% |
| Profit (loss) for the period | 9904 | -€63,337 | -€145,523 | -€82,186 | -129.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,337 | -€145,523 | -€82,186 | -129.8% |
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 11 October 2026 via checked.be.