BOUCHERIE DEFGNEE: 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.
BOUCHERIE DEFGNEE
Largest movements
- Tangible fixed assets -€22,062
down €22,062 (-24.3%), from €90,904 to €68,842
of which Other tangible fixed assets: -€17,249
- Stocks and contracts +€19,951
up €19,951 (+244%), from €8,189 to €28,140
- Cash -€4,589
down €4,589 (-13.5%), from €33,989 to €29,400
mainly Stocks and contracts (-€19,951) and Current portion of long-term debt (-€16,223)
- Trade debts +€17,787
up €17,787 (+32.8%), from €54,211 to €71,998
- Current portion of long-term debt -€16,223
down €16,223 (-78.3%), from €20,721 to €4,498
- Other debts -€7,823
no longer reported in 2025 (was €7,823)
- Gross operating margin -€38,827
down €38,827 (-47.9%), from €81,079 to €42,252
- Taxes -€7,759
down €7,759 (-85.6%), from €9,068 to €1,309
- Staff costs +€5,905
up €5,905 (+101%), from €5,856 to €11,761
- Other operating charges -€3,390
down €3,390 (-68.2%), from €4,974 to €1,584
- Financial charges -€1,068
down €1,068 (-21.4%), from €4,981 to €3,913
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 | €171,740 | €163,755 | -€7,985 | -4.6% |
| Fixed assets | 21/28 | €90,904 | €68,842 | -€22,062 | -24.3% |
| Tangible fixed assets | 22/27 | €90,904 | €68,842 | -€22,062 | -24.3% |
| Plant, machinery and equipment | 23 | €20,691 | €15,365 | -€5,326 | -25.7% |
| Furniture and vehicles | 24 | €2,303 | €2,816 | +€513 | +22.3% |
| Other tangible fixed assets | 26 | €67,910 | €50,661 | -€17,249 | -25.4% |
| Current assets | 29/58 | €80,836 | €94,913 | +€14,077 | +17.4% |
| Stocks and contracts in progress | 3 | €8,189 | €28,140 | +€19,951 | +244% |
| Stocks | 30/36 | €8,189 | €28,140 | +€19,951 | +244% |
| Amounts receivable within one year | 40/41 | €37,424 | €35,725 | -€1,699 | -4.5% |
| Trade receivables | 40 | €31,216 | €26,748 | -€4,468 | -14.3% |
| Other amounts receivable | 41 | €6,208 | €8,977 | +€2,769 | +44.6% |
| Cash at bank and in hand | 54/58 | €33,989 | €29,400 | -€4,589 | -13.5% |
| Deferred charges and accrued income | 490/1 | €1,233 | €1,647 | +€414 | +33.6% |
| Total equity and liabilities | 10/49 | €171,740 | €163,755 | -€7,985 | -4.6% |
| Equity | 10/15 | €75,226 | €74,756 | -€470 | -0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,960 | €68,500 | -€460 | -0.7% |
| Distributable reserves | 133 | €68,960 | €68,500 | -€460 | -0.7% |
| Profit (loss) carried forward | 14 | €66 | €56 | -€10 | -15.7% |
| Amounts payable | 17/49 | €96,514 | €88,999 | -€7,515 | -7.8% |
| Amounts payable after more than one year | 17 | €1,498 | - | -€1,498 | |
| Financial debts | 170/4 | €1,498 | - | -€1,498 | |
| Amounts payable within one year | 42/48 | €93,246 | €87,538 | -€5,707 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €20,721 | €4,498 | -€16,223 | -78.3% |
| Trade debts | 44 | €54,211 | €71,998 | +€17,787 | +32.8% |
| Suppliers | 440/4 | €54,211 | €71,998 | +€17,787 | +32.8% |
| Taxes, remuneration and social security | 45 | €10,492 | €11,042 | +€550 | +5.2% |
| Taxes | 450/3 | €9,671 | €7,518 | -€2,153 | -22.3% |
| Remuneration and social security | 454/9 | €821 | €3,524 | +€2,703 | +329% |
| Other amounts payable | 47/48 | €7,823 | - | -€7,823 | |
| Accrued charges and deferred income | 492/3 | €1,770 | €1,461 | -€309 | -17.5% |
| Non-recurring operating income | 76A | €4,625 | €315 | -€4,310 | -93.2% |
| Remuneration, social security and pensions | 62 | €5,856 | €11,761 | +€5,905 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,128 | €24,159 | +€1,031 | +4.5% |
| Other operating charges | 640/8 | €4,974 | €1,584 | -€3,390 | -68.2% |
| Gross operating margin | 9900 | €81,079 | €42,252 | -€38,827 | -47.9% |
| Operating profit (loss) | 9901 | €47,122 | €4,748 | -€42,373 | -89.9% |
| Financial income | 75/76B | €42 | €4 | -€38 | -91.6% |
| Recurring financial income | 75 | €42 | €4 | -€38 | -91.6% |
| Financial charges | 65/66B | €4,981 | €3,913 | -€1,068 | -21.4% |
| Recurring financial charges | 65 | €4,981 | €3,913 | -€1,068 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €42,182 | €839 | -€41,344 | -98.0% |
| Income taxes | 67/77 | €9,068 | €1,309 | -€7,759 | -85.6% |
| Profit (loss) for the period | 9904 | €33,115 | -€470 | -€33,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,115 | -€470 | -€33,585 |
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 25 October 2026 via checked.be.