Bouc.art: 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.
Bouc.art
Largest movements
- Cash -€128,268
down €128,268 (-66.4%), from €193,113 to €64,844
mainly Contributions, distributions and other (-€168,479) and Receivables within one year (-€15,014)
- Receivables within one year +€15,014
up €15,014 (+87.4%), from €17,178 to €32,192
of which Trade receivables: +€13,333
- Reserves -€106,832
down €106,832 (-63.4%), from €168,479 to €61,647
- Tax, wage and social debts -€8,483
down €8,483 (-46.5%), from €18,242 to €9,759
- Gross operating margin +€4,217
up €4,217 (+4.2%), from €101,395 to €105,612
- Other operating charges +€1,101
up €1,101 (+4.3%), from €25,665 to €26,765
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 | €212,189 | €97,988 | -€114,201 | -53.8% |
| Fixed assets | 21/28 | €1,898 | €951 | -€946 | -49.9% |
| Tangible fixed assets | 22/27 | €1,898 | €951 | -€946 | -49.9% |
| Plant, machinery and equipment | 23 | €1,898 | €951 | -€946 | -49.9% |
| Current assets | 29/58 | €210,291 | €97,036 | -€113,255 | -53.9% |
| Amounts receivable within one year | 40/41 | €17,178 | €32,192 | +€15,014 | +87.4% |
| Trade receivables | 40 | €16,559 | €29,891 | +€13,333 | +80.5% |
| Other amounts receivable | 41 | €620 | €2,301 | +€1,681 | +271% |
| Cash at bank and in hand | 54/58 | €193,113 | €64,844 | -€128,268 | -66.4% |
| Total equity and liabilities | 10/49 | €212,189 | €97,988 | -€114,201 | -53.8% |
| Equity | 10/15 | €170,479 | €63,647 | -€106,832 | -62.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €168,479 | €61,647 | -€106,832 | -63.4% |
| Distributable reserves | 133 | €168,479 | €61,647 | -€106,832 | -63.4% |
| Amounts payable | 17/49 | €41,710 | €34,340 | -€7,369 | -17.7% |
| Amounts payable within one year | 42/48 | €41,710 | €34,340 | -€7,369 | -17.7% |
| Trade debts | 44 | €402 | €527 | +€125 | +31.0% |
| Suppliers | 440/4 | €402 | €527 | +€125 | +31.0% |
| Taxes, remuneration and social security | 45 | €18,242 | €9,759 | -€8,483 | -46.5% |
| Taxes | 450/3 | €18,242 | €9,759 | -€8,483 | -46.5% |
| Other amounts payable | 47/48 | €23,065 | €24,055 | +€990 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236 | €946 | -€290 | -23.5% |
| Other operating charges | 640/8 | €25,665 | €26,765 | +€1,101 | +4.3% |
| Gross operating margin | 9900 | €101,395 | €105,612 | +€4,217 | +4.2% |
| Operating profit (loss) | 9901 | €74,494 | €77,900 | +€3,406 | +4.6% |
| Financial income | 75/76B | €0 | €4 | +€4 | +13,167% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +13,167% |
| Financial charges | 65/66B | €35 | €47 | +€12 | +34.0% |
| Recurring financial charges | 65 | €35 | €47 | +€12 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €74,459 | €77,857 | +€3,398 | +4.6% |
| Income taxes | 67/77 | €15,419 | €16,210 | +€791 | +5.1% |
| Profit (loss) for the period | 9904 | €59,040 | €61,647 | +€2,607 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,040 | €61,647 | +€2,607 | +4.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.