BOUCHIER PAUL: 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.
BOUCHIER PAUL
Largest movements
- Cash +€161,763
up €161,763 (+116%), from €139,340 to €301,103
mainly Debts after one year (+€88,175) and Depreciation (+€45,752)
- Tangible fixed assets -€45,752
down €45,752 (-28.9%), from €158,426 to €112,674
of which Furniture and vehicles: -€41,568
- Debts after one year +€88,175
up €88,175 (+239%), from €36,825 to €125,000
of which Other amounts payable: +€90,575
- Other debts +€20,975
up €20,975 (+13.4%), from €156,970 to €177,946
- Reserves +€10,280
up €10,280 (+7.5%), from €137,946 to €148,226
- Trade debts -€7,909
down €7,909 (-79.4%), from €9,958 to €2,049
- Gross operating margin +€8,007
up €8,007 (+13.8%), from €57,914 to €65,921
- Financial charges +€4,098
up €4,098 (+154%), from €2,663 to €6,761
- Financial income +€2,381
up €2,381 (+3,964%), from €60 to €2,441
- Taxes +€1,826
up €1,826 (+78.5%), from €2,325 to €4,151
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 | €352,978 | €468,848 | +€115,869 | +32.8% |
| Fixed assets | 21/28 | €158,426 | €112,674 | -€45,752 | -28.9% |
| Tangible fixed assets | 22/27 | €158,426 | €112,674 | -€45,752 | -28.9% |
| Land and buildings | 22 | €44,454 | €40,270 | -€4,184 | -9.4% |
| Furniture and vehicles | 24 | €113,973 | €72,405 | -€41,568 | -36.5% |
| Current assets | 29/58 | €194,552 | €356,173 | +€161,621 | +83.1% |
| Amounts receivable within one year | 40/41 | €48,021 | €48,616 | +€595 | +1.2% |
| Trade receivables | 40 | €40,446 | €42,134 | +€1,688 | +4.2% |
| Other amounts receivable | 41 | €7,575 | €6,481 | -€1,094 | -14.4% |
| Cash at bank and in hand | 54/58 | €139,340 | €301,103 | +€161,763 | +116% |
| Deferred charges and accrued income | 490/1 | €7,191 | €6,455 | -€736 | -10.2% |
| Total equity and liabilities | 10/49 | €352,978 | €468,848 | +€115,869 | +32.8% |
| Equity | 10/15 | €144,146 | €154,426 | +€10,280 | +7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,946 | €148,226 | +€10,280 | +7.5% |
| Distributable reserves | 133 | €137,946 | €148,226 | +€10,280 | +7.5% |
| Amounts payable | 17/49 | €208,832 | €314,422 | +€105,590 | +50.6% |
| Amounts payable after more than one year | 17 | €36,825 | €125,000 | +€88,175 | +239% |
| Financial debts | 170/4 | €16,400 | €14,000 | -€2,400 | -14.6% |
| Other amounts payable | 178/9 | €20,425 | €111,000 | +€90,575 | +443% |
| Amounts payable within one year | 42/48 | €172,007 | €185,686 | +€13,679 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €2,400 | €2,400 | = | 0.0% |
| Trade debts | 44 | €9,958 | €2,049 | -€7,909 | -79.4% |
| Suppliers | 440/4 | €9,958 | €2,049 | -€7,909 | -79.4% |
| Taxes, remuneration and social security | 45 | €2,678 | €3,291 | +€612 | +22.9% |
| Taxes | 450/3 | €2,678 | €3,291 | +€612 | +22.9% |
| Other amounts payable | 47/48 | €156,970 | €177,946 | +€20,975 | +13.4% |
| Accrued charges and deferred income | 492/3 | - | €3,736 | +€3,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,945 | €45,752 | -€193 | -0.4% |
| Other operating charges | 640/8 | €1,659 | €1,419 | -€240 | -14.5% |
| Gross operating margin | 9900 | €57,914 | €65,921 | +€8,007 | +13.8% |
| Operating profit (loss) | 9901 | €10,311 | €18,751 | +€8,440 | +81.9% |
| Financial income | 75/76B | €60 | €2,441 | +€2,381 | +3,964% |
| Recurring financial income | 75 | €60 | €2,441 | +€2,381 | +3,964% |
| Financial charges | 65/66B | €2,663 | €6,761 | +€4,098 | +154% |
| Recurring financial charges | 65 | €2,663 | €6,761 | +€4,098 | +154% |
| Profit (loss) for the period before taxes | 9903 | €7,708 | €14,431 | +€6,723 | +87.2% |
| Income taxes | 67/77 | €2,325 | €4,151 | +€1,826 | +78.5% |
| Profit (loss) for the period | 9904 | €5,383 | €10,280 | +€4,897 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,383 | €10,280 | +€4,897 | +91.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.