BOUCHERIE SENECHAL: what changed
BOUCHERIE SENECHAL
Largest movements
- Tangible fixed assets -€321,968
no longer reported in 2025 (was €321,968)
of which Plant, machinery and equipment: -€293,783
- Cash +€265,425
up €265,425 (+995%), from €26,683 to €292,108
mainly Investment in fixed assets (net) (+€414,468) and Contributions, distributions and other (+€95,858)
- Intangible fixed assets -€88,000
no longer reported in 2025 (was €88,000)
- Receivables within one year -€21,303
down €21,303 (-91.8%), from €23,203 to €1,900
- Other debts -€115,075
down €115,075 (-41.3%), from €278,722 to €163,647
- Tax, wage and social debts -€25,934
down €25,934 (-96.1%), from €26,986 to €1,052
of which Taxes: -€15,430
- Trade debts -€12,426
down €12,426 (-83.2%), from €14,936 to €2,511
- Profit (loss) carried forward -€6,248
new in 2025: -€6,248
- Short-term financial debts -€6,033
no longer reported in 2025 (was €6,033)
- Gross operating margin -€196,384
down €196,384, from €190,611 to -€5,773
- Staff costs -€125,386
down €125,386 (-97.9%), from €128,064 to €2,677
- Depreciation -€67,599
down €67,599 (-99.5%), from €67,957 to €358
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €468,391 | €294,688 | -€173,703 | -37.1% |
| Formation expenses | 20 | €1,038 | €680 | -€358 | -34.5% |
| Fixed assets | 21/28 | €414,468 | - | -€414,468 | |
| Intangible fixed assets | 21 | €88,000 | - | -€88,000 | |
| Tangible fixed assets | 22/27 | €321,968 | - | -€321,968 | |
| Plant, machinery and equipment | 23 | €293,783 | - | -€293,783 | |
| Furniture and vehicles | 24 | €28,185 | - | -€28,185 | |
| Financial fixed assets | 28 | €4,500 | - | -€4,500 | |
| Current assets | 29/58 | €52,886 | €294,008 | +€241,122 | +456% |
| Amounts receivable within one year | 40/41 | €23,203 | €1,900 | -€21,303 | -91.8% |
| Trade receivables | 40 | €23,203 | €1,900 | -€21,303 | -91.8% |
| Cash at bank and in hand | 54/58 | €26,683 | €292,108 | +€265,425 | +995% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €468,391 | €294,688 | -€173,703 | -37.1% |
| Equity | 10/15 | €133,727 | €127,479 | -€6,248 | -4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,127 | €115,127 | = | 0.0% |
| Distributable reserves | 133 | €115,127 | €115,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,248 | -€6,248 | |
| Amounts payable | 17/49 | €334,665 | €167,209 | -€167,455 | -50.0% |
| Amounts payable within one year | 42/48 | €332,665 | €167,209 | -€165,455 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €5,987 | - | -€5,987 | |
| Financial debts | 43 | €6,033 | - | -€6,033 | |
| Credit institutions | 430/8 | €6,033 | - | -€6,033 | |
| Trade debts | 44 | €14,936 | €2,511 | -€12,426 | -83.2% |
| Suppliers | 440/4 | €14,936 | €2,511 | -€12,426 | -83.2% |
| Taxes, remuneration and social security | 45 | €26,986 | €1,052 | -€25,934 | -96.1% |
| Taxes | 450/3 | €16,481 | €1,052 | -€15,430 | -93.6% |
| Remuneration and social security | 454/9 | €10,504 | - | -€10,504 | |
| Other amounts payable | 47/48 | €278,722 | €163,647 | -€115,075 | -41.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €128,064 | €2,677 | -€125,386 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,957 | €358 | -€67,599 | -99.5% |
| Other operating charges | 640/8 | €515 | €450 | -€65 | -12.6% |
| Non-recurring operating charges | 66A | - | €92,115 | +€92,115 | |
| Gross operating margin | 9900 | €190,611 | -€5,773 | -€196,384 | |
| Operating profit (loss) | 9901 | -€5,925 | -€101,373 | -€95,448 | -1,611% |
| Financial charges | 65/66B | €1,893 | €683 | -€1,210 | -63.9% |
| Recurring financial charges | 65 | €1,893 | €683 | -€1,210 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,818 | -€102,057 | -€94,238 | -1,205% |
| Income taxes | 67/77 | €780 | €49 | -€731 | -93.7% |
| Profit (loss) for the period | 9904 | -€8,599 | -€102,105 | -€93,507 | -1,087% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,599 | -€102,105 | -€93,507 | -1,087% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.