BOUCHARD: 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.
What changed
BOUCHARD
NACE 10.820, Manufacture of cocoa, chocolate and sugar confectionery
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2023 · €1.6m-€360,961
Equity
€5.0m
2023 · €3.8m+€1.2m
Cash
€670,257
2023 · €587,107+€83,150
Balance sheet total
€11.0m
2023 · €11.9m-€954,270
Largest movements
Assets
- Receivables within one year -€2.6m
down €2.6m (-40.5%), from €6.5m to €3.9m
of which Trade receivables: -€2.8m
- Current investments +€589,232
new in 2024: €589,232
- Stocks and contracts +€583,000
up €583,000 (+22.7%), from €2.6m to €3.2m
- Tangible fixed assets +€507,656
up €507,656 (+25.3%), from €2.0m to €2.5m
of which Leasing and similar rights: +€522,667
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+51.4%), from €2.4m to €3.6m
- Provisions -€1.0m
down €1.0m (-99.1%), from €1.0m to €8,669
- Short-term financial debts -€385,000
down €385,000 (-100.0%), from €385,000 to €0
- Debts after one year -€280,248
down €280,248 (-45.9%), from €610,604 to €330,356
- Tax, wage and social debts -€271,866
down €271,866 (-43.9%), from €619,056 to €347,190
of which Taxes: -€245,375
Income statement
- Turnover -€3.3m
down €3.3m (-14.0%), from €23.4m to €20.1m
- Goods and materials -€2.7m
down €2.7m (-19.8%), from €13.5m to €10.8m
of which Purchases: -€1.8m
- Provisions -€1.5m
down €1.5m, from €500,000 to -€1.0m
- Staff costs +€442,514
up €442,514 (+18.8%), from €2.4m to €2.8m
From the 2023 result to the 2024 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.
Result 2023
€1.6m
Turnover
-€3.3m
Other operating income
+€65,307
Goods and materials
+€2.7m
Services and other goods
+€120,149
Staff costs
-€442,514
Depreciation
-€119,530
Write-downs
-€70,934
Provisions
+€1.5m
Other operating charges
-€122,043
Other operating items
-€983,097
Financial income
+€208,400
Financial charges
+€141,058
Taxes
-€56,921
Result 2024
€1.2m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.2m
Investment
-€1.5m
Financing
-€671,079
Cash 2023
€587,107
From operations (derived)
+€2.2m
Net result for the year
+€1.2m
Depreciation
+€370,506
Stocks and contracts
-€583,000
Receivables within one year
+€2.6m
Deferred charges and accrued income
+€80,505
Provisions
-€1.0m
Trade debts
-€204,989
Tax, wage and social debts
-€271,866
Accrued charges and deferred income
-€33,836
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€875,285
Current investments
-€589,232
Financing
-€671,079
Debts after one year
-€280,248
Current portion of long-term debt
-€5,832
Short-term financial debts
-€385,000
Cash 2024
€670,257
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,937,146 | €10,982,876 | -€954,270 | -8.0% |
| Fixed assets | 21/28 | €2,077,610 | €2,582,390 | +€504,780 | +24.3% |
| Intangible fixed assets | 21 | €6,418 | €3,889 | -€2,530 | -39.4% |
| Tangible fixed assets | 22/27 | €2,008,827 | €2,516,483 | +€507,656 | +25.3% |
| Land and buildings | 22 | €134,397 | €188,428 | +€54,031 | +40.2% |
| Plant, machinery and equipment | 23 | €848,624 | €1,356,845 | +€508,221 | +59.9% |
| Furniture and vehicles | 24 | €38,006 | €62,643 | +€24,638 | +64.8% |
| Leasing and similar rights | 25 | - | €522,667 | +€522,667 | |
| Assets under construction and advance payments | 27 | €987,800 | €385,900 | -€601,900 | -60.9% |
| Financial fixed assets | 28 | €62,365 | €62,018 | -€347 | -0.6% |
| Other financial fixed assets | 284/8 | €62,365 | €62,018 | -€347 | -0.6% |
| Amounts receivable and cash guarantees | 285/8 | €62,365 | €62,018 | -€347 | -0.6% |
| Current assets | 29/58 | €9,859,536 | €8,400,486 | -€1.5m | -14.8% |
| Stocks and contracts in progress | 3 | €2,571,832 | €3,154,832 | +€583,000 | +22.7% |
| Stocks | 30/36 | €2,571,832 | €3,154,832 | +€583,000 | +22.7% |
| Raw materials and consumables | 30/31 | €884,536 | €747,852 | -€136,685 | -15.5% |
| Work in progress | 32 | €335,305 | €615,762 | +€280,457 | +83.6% |
| Finished goods | 33 | €1,310,571 | €348,529 | -€962,043 | -73.4% |
| Goods purchased for resale | 34 | €41,419 | €1,442,689 | +€1.4m | +3383.1% |
| Amounts receivable within one year | 40/41 | €6,509,489 | €3,875,562 | -€2.6m | -40.5% |
| Trade receivables | 40 | €6,334,900 | €3,573,554 | -€2.8m | -43.6% |
| Other amounts receivable | 41 | €174,589 | €302,008 | +€127,419 | +73.0% |
| Current investments | 50/53 | - | €589,232 | +€589,232 | |
| Other investments | 51/53 | - | €589,232 | +€589,232 | |
| Cash at bank and in hand | 54/58 | €587,107 | €670,257 | +€83,150 | +14.2% |
| Deferred charges and accrued income | 490/1 | €191,109 | €110,603 | -€80,505 | -42.1% |
| Total equity and liabilities | 10/49 | €11,937,146 | €10,982,876 | -€954,270 | -8.0% |
| Equity | 10/15 | €3,821,013 | €5,048,513 | +€1.2m | +32.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €433,095 | €433,095 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186,000 | €186,000 | = | 0.0% |
| Legal reserve | 130 | €186,000 | €186,000 | = | 0.0% |
| Distributable reserves | 133 | €247,095 | €247,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,387,918 | €3,615,418 | +€1.2m | +51.4% |
| Provisions and deferred taxes | 16 | €1,008,669 | €8,669 | -€1.0m | -99.1% |
| Provisions for liabilities and charges | 160/5 | €1,008,669 | €8,669 | -€1.0m | -99.1% |
| Pensions and similar obligations | 160 | €8,669 | €8,669 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Amounts payable | 17/49 | €7,107,465 | €5,925,695 | -€1.2m | -16.6% |
| Amounts payable after more than one year | 17 | €610,604 | €330,356 | -€280,248 | -45.9% |
| Financial debts | 170/4 | €610,604 | €330,356 | -€280,248 | -45.9% |
| Leasing and similar obligations | 172 | €610,604 | €330,356 | -€280,248 | -45.9% |
| Amounts payable within one year | 42/48 | €6,389,227 | €5,521,541 | -€867,687 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €112,000 | €106,168 | -€5,832 | -5.2% |
| Financial debts | 43 | €385,000 | €0 | -€385,000 | -100.0% |
| Credit institutions | 430/8 | €385,000 | €0 | -€385,000 | -100.0% |
| Trade debts | 44 | €5,273,171 | €5,068,183 | -€204,989 | -3.9% |
| Suppliers | 440/4 | €5,273,171 | €5,068,183 | -€204,989 | -3.9% |
| Taxes, remuneration and social security | 45 | €619,056 | €347,190 | -€271,866 | -43.9% |
| Taxes | 450/3 | €346,988 | €101,614 | -€245,375 | -70.7% |
| Remuneration and social security | 454/9 | €272,068 | €245,576 | -€26,492 | -9.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €107,633 | €73,798 | -€33,836 | -31.4% |
| Operating income | 70/76A | €24,803,903 | €20,365,661 | -€4.4m | -17.9% |
| Turnover | 70 | €23,378,396 | €20,107,959 | -€3.3m | -14.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,243,369 | -€94,280 | -€1.3m | |
| Other operating income | 74 | €162,974 | €228,281 | +€65,307 | +40.1% |
| Non-recurring operating income | 76A | €19,164 | €123,702 | +€104,538 | +545.5% |
| Operating charges | 60/66A | €22,855,426 | €19,070,682 | -€3.8m | -16.6% |
| Goods for resale, raw materials and consumables | 60 | €13,482,361 | €10,812,760 | -€2.7m | -19.8% |
| Purchases | 600/8 | €13,401,883 | €11,587,616 | -€1.8m | -13.5% |
| Change in stocks: decrease (increase) | 609 | €80,478 | -€774,856 | -€855,334 | |
| Services and other goods | 61 | €5,573,790 | €5,453,641 | -€120,149 | -2.2% |
| Remuneration, social security and pensions | 62 | €2,357,823 | €2,800,336 | +€442,514 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,976 | €370,506 | +€119,530 | +47.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,642 | €97,576 | +€70,934 | +266.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €500,000 | -€1,000,000 | -€1.5m | |
| Other operating charges | 640/8 | €413,781 | €535,824 | +€122,043 | +29.5% |
| Non-recurring operating charges | 66A | €250,052 | €38 | -€250,014 | -100.0% |
| Operating profit (loss) | 9901 | €1,948,478 | €1,294,980 | -€653,498 | -33.5% |
| Financial income | 75/76B | €67,049 | €275,449 | +€208,400 | +310.8% |
| Recurring financial income | 75 | €67,049 | €275,449 | +€208,400 | +310.8% |
| Income from current assets | 751 | - | €23,197 | +€23,197 | |
| Other financial income | 752/9 | €67,049 | €252,252 | +€185,203 | +276.2% |
| Financial charges | 65/66B | €358,758 | €217,700 | -€141,058 | -39.3% |
| Recurring financial charges | 65 | €358,758 | €217,700 | -€141,058 | -39.3% |
| Debt charges | 650 | €64,760 | €58,095 | -€6,665 | -10.3% |
| Other financial charges | 652/9 | €293,998 | €159,605 | -€134,393 | -45.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,656,769 | €1,352,729 | -€304,040 | -18.4% |
| Income taxes | 67/77 | €68,308 | €125,229 | +€56,921 | +83.3% |
| Taxes | 670/3 | €68,308 | €125,229 | +€56,921 | +83.3% |
| Profit (loss) for the period | 9904 | €1,588,461 | €1,227,500 | -€360,961 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,588,461 | €1,227,500 | -€360,961 | -22.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.