BOUCHÉ MATHIEU: 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.
BOUCHÉ MATHIEU
Largest movements
- Cash -€49,776
down €49,776 (-92.6%), from €53,755 to €3,980
mainly Receivables within one year (-€29,387) and Investment in fixed assets (net) (-€16,612)
- Receivables within one year +€29,387
up €29,387 (+44.2%), from €66,484 to €95,872
of which Trade receivables: +€20,000
- Intangible fixed assets +€9,997
new in 2025: €9,997
- Tangible fixed assets +€6,128
up €6,128 (+459%), from €1,334 to €7,462
- Trade debts +€9,631
up €9,631 (+161%), from €5,967 to €15,598
- Other debts -€9,491
down €9,491 (-28.1%), from €33,758 to €24,267
- Profit (loss) carried forward -€4,402
down €4,402 (-162%), from -€2,723 to -€7,125
- Gross operating margin -€1,569
down €1,569 (-89.7%), from -€1,749 to -€3,318
- Depreciation +€104
up €104 (+27.3%), from €382 to €486
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 | €127,477 | €123,215 | -€4,263 | -3.3% |
| Fixed assets | 21/28 | €1,334 | €17,459 | +€16,126 | +1,209% |
| Intangible fixed assets | 21 | - | €9,997 | +€9,997 | |
| Tangible fixed assets | 22/27 | €1,334 | €7,462 | +€6,128 | +459% |
| Furniture and vehicles | 24 | €1,334 | €7,462 | +€6,128 | +459% |
| Current assets | 29/58 | €126,143 | €105,755 | -€20,388 | -16.2% |
| Stocks and contracts in progress | 3 | €5,904 | €5,904 | = | 0.0% |
| Stocks | 30/36 | €5,904 | €5,904 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,484 | €95,872 | +€29,387 | +44.2% |
| Trade receivables | 40 | €0 | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €66,484 | €75,872 | +€9,387 | +14.1% |
| Cash at bank and in hand | 54/58 | €53,755 | €3,980 | -€49,776 | -92.6% |
| Total equity and liabilities | 10/49 | €127,477 | €123,215 | -€4,263 | -3.3% |
| Equity | 10/15 | €87,752 | €83,350 | -€4,402 | -5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €78,075 | €78,075 | = | 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 | €76,215 | €76,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,723 | -€7,125 | -€4,402 | -162% |
| Amounts payable | 17/49 | €39,725 | €39,865 | +€139 | +0.4% |
| Amounts payable within one year | 42/48 | €39,725 | €39,865 | +€139 | +0.4% |
| Trade debts | 44 | €5,967 | €15,598 | +€9,631 | +161% |
| Suppliers | 440/4 | €5,967 | €15,598 | +€9,631 | +161% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €33,758 | €24,267 | -€9,491 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382 | €486 | +€104 | +27.3% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€1,749 | -€3,318 | -€1,569 | -89.7% |
| Operating profit (loss) | 9901 | -€2,659 | -€4,348 | -€1,689 | -63.5% |
| Financial charges | 65/66B | €65 | €54 | -€11 | -16.4% |
| Recurring financial charges | 65 | €65 | €54 | -€11 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,723 | -€4,402 | -€1,679 | -61.6% |
| Profit (loss) for the period | 9904 | -€2,723 | -€4,402 | -€1,679 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,723 | -€4,402 | -€1,679 | -61.6% |
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 14 October 2026 via checked.be.