BOUCHAN: 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.
BOUCHAN
Largest movements
- Tangible fixed assets -€23,034
down €23,034 (-5.8%), from €398,965 to €375,931
of which Land and buildings: -€20,821
- Receivables within one year +€18,742
new in 2025: €18,742
- Debts after one year -€20,416
down €20,416 (-15.8%), from €129,367 to €108,951
- Profit (loss) carried forward +€16,363
up €16,363 (+41.3%), from -€39,653 to -€23,290
- Gross operating margin +€43,412
up €43,412 (+1099.3%), from €3,949 to €47,361
- Financial charges -€675
down €675 (-15.4%), from €4,390 to €3,715
- Depreciation +€549
up €549 (+2.1%), from €26,734 to €27,283
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 | €411,226 | €403,119 | -€8,107 | -2.0% |
| Fixed assets | 21/28 | €398,965 | €375,931 | -€23,034 | -5.8% |
| Tangible fixed assets | 22/27 | €398,965 | €375,931 | -€23,034 | -5.8% |
| Land and buildings | 22 | €362,912 | €342,091 | -€20,821 | -5.7% |
| Furniture and vehicles | 24 | €1,604 | €3,583 | +€1,979 | +123.4% |
| Other tangible fixed assets | 26 | €34,449 | €30,257 | -€4,192 | -12.2% |
| Current assets | 29/58 | €12,261 | €27,188 | +€14,927 | +121.7% |
| Amounts receivable within one year | 40/41 | - | €18,742 | +€18,742 | |
| Trade receivables | 40 | - | €18,742 | +€18,742 | |
| Cash at bank and in hand | 54/58 | €11,835 | €8,088 | -€3,747 | -31.7% |
| Deferred charges and accrued income | 490/1 | €426 | €358 | -€68 | -16.0% |
| Total equity and liabilities | 10/49 | €411,226 | €403,119 | -€8,107 | -2.0% |
| Equity | 10/15 | -€13,501 | €2,862 | +€16,363 | |
| Contributions | 10/11 | €9,296 | €9,296 | = | 0.0% |
| Reserves | 13 | €16,856 | €16,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,997 | €14,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,653 | -€23,290 | +€16,363 | +41.3% |
| Amounts payable | 17/49 | €424,727 | €400,257 | -€24,470 | -5.8% |
| Amounts payable after more than one year | 17 | €129,367 | €108,951 | -€20,416 | -15.8% |
| Financial debts | 170/4 | €129,367 | €108,951 | -€20,416 | -15.8% |
| Amounts payable within one year | 42/48 | €258,783 | €258,056 | -€727 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €21,788 | €20,417 | -€1,371 | -6.3% |
| Trade debts | 44 | €3,203 | €426 | -€2,777 | -86.7% |
| Suppliers | 440/4 | €3,203 | €426 | -€2,777 | -86.7% |
| Taxes, remuneration and social security | 45 | €1,181 | €4,433 | +€3,252 | +275.4% |
| Taxes | 450/3 | €940 | €4,192 | +€3,252 | +346.0% |
| Remuneration and social security | 454/9 | €241 | €241 | = | 0.0% |
| Other amounts payable | 47/48 | €232,611 | €232,780 | +€169 | +0.1% |
| Accrued charges and deferred income | 492/3 | €36,577 | €33,250 | -€3,327 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,734 | €27,283 | +€549 | +2.1% |
| Gross operating margin | 9900 | €3,949 | €47,361 | +€43,412 | +1099.3% |
| Operating profit (loss) | 9901 | -€22,785 | €20,078 | +€42,863 | |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €4,390 | €3,715 | -€675 | -15.4% |
| Recurring financial charges | 65 | €4,390 | €3,715 | -€675 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,151 | €16,363 | +€43,514 | |
| Profit (loss) for the period | 9904 | -€27,151 | €16,363 | +€43,514 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,151 | €16,363 | +€43,514 |
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 2 October 2026 via checked.be.