BOUCHAR STEPHANIE: 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.
BOUCHAR STEPHANIE
Largest movements
- Cash +€49,131
up €49,131 (+39.1%), from €125,815 to €174,946
mainly Net result for the year (+€76,594) and Depreciation (+€11,251)
- Deferred charges and accrued income +€28,463
up €28,463 (+611%), from €4,656 to €33,119
- Receivables within one year -€6,509
down €6,509 (-50.1%), from €13,001 to €6,492
of which Trade receivables: -€5,853
- Profit (loss) carried forward +€78,454
up €78,454 (+74.1%), from €105,929 to €184,383
- Tax, wage and social debts -€6,487
down €6,487 (-64.9%), from €10,000 to €3,513
of which Remuneration and social security: -€4,000
- Current portion of long-term debt +€6,070
new in 2025: €6,070
- Gross operating margin +€67,879
up €67,879 (+172%), from €39,445 to €107,325
- Taxes +€14,649
up €14,649 (+195%), from €7,502 to €22,152
- Depreciation -€4,915
down €4,915 (-30.4%), from €16,167 to €11,251
- Other operating charges -€2,883
no longer reported in 2025 (was €2,883)
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €513,671 | €580,935 | +€67,264 | +13.1% |
| Fixed assets | 21/28 | €20,200 | €16,379 | -€3,821 | -18.9% |
| Tangible fixed assets | 22/27 | €20,200 | €16,379 | -€3,821 | -18.9% |
| Plant, machinery and equipment | 23 | €175 | €7,253 | +€7,078 | +4,045% |
| Furniture and vehicles | 24 | €18,289 | €7,908 | -€10,381 | -56.8% |
| Other tangible fixed assets | 26 | €1,736 | €1,217 | -€518 | -29.9% |
| Current assets | 29/58 | €493,472 | €564,557 | +€71,085 | +14.4% |
| Amounts receivable within one year | 40/41 | €13,001 | €6,492 | -€6,509 | -50.1% |
| Trade receivables | 40 | €5,853 | - | -€5,853 | |
| Other amounts receivable | 41 | €7,148 | €6,492 | -€656 | -9.2% |
| Current investments | 50/53 | €350,000 | €350,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €125,815 | €174,946 | +€49,131 | +39.1% |
| Deferred charges and accrued income | 490/1 | €4,656 | €33,119 | +€28,463 | +611% |
| Total equity and liabilities | 10/49 | €513,671 | €580,935 | +€67,264 | +13.1% |
| Equity | 10/15 | €455,089 | €531,683 | +€76,594 | +16.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €336,760 | €334,900 | -€1,860 | -0.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €334,900 | €334,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,929 | €184,383 | +€78,454 | +74.1% |
| Amounts payable | 17/49 | €58,582 | €49,252 | -€9,330 | -15.9% |
| Amounts payable within one year | 42/48 | €55,288 | €49,252 | -€6,035 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,070 | +€6,070 | |
| Trade debts | 44 | €3,529 | - | -€3,529 | |
| Suppliers | 440/4 | €3,529 | - | -€3,529 | |
| Taxes, remuneration and social security | 45 | €10,000 | €3,513 | -€6,487 | -64.9% |
| Taxes | 450/3 | €6,000 | €3,513 | -€2,487 | -41.4% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €41,759 | €39,669 | -€2,091 | -5.0% |
| Accrued charges and deferred income | 492/3 | €3,294 | - | -€3,294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,167 | €11,251 | -€4,915 | -30.4% |
| Other operating charges | 640/8 | €2,883 | - | -€2,883 | |
| Gross operating margin | 9900 | €39,445 | €107,325 | +€67,879 | +172% |
| Operating profit (loss) | 9901 | €20,396 | €96,073 | +€75,677 | +371% |
| Financial income | 75/76B | €7,563 | €6,519 | -€1,044 | -13.8% |
| Recurring financial income | 75 | €7,563 | €6,519 | -€1,044 | -13.8% |
| Financial charges | 65/66B | €4,073 | €3,847 | -€227 | -5.6% |
| Recurring financial charges | 65 | €4,073 | €3,847 | -€227 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €23,885 | €98,745 | +€74,860 | +313% |
| Income taxes | 67/77 | €7,502 | €22,152 | +€14,649 | +195% |
| Profit (loss) for the period | 9904 | €16,383 | €76,594 | +€60,211 | +368% |
| Profit (loss) for the period to be appropriated | 9905 | €16,383 | €76,594 | +€60,211 | +368% |
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 16 October 2026 via checked.be.