BOUCKAERT: 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.
BOUCKAERT
Largest movements
- Tangible fixed assets -€5,536
down €5,536 (-35.4%), from €15,635 to €10,099
- Stocks and contracts +€4,028
up €4,028 (+5.9%), from €68,602 to €72,630
- Cash -€1,801
down €1,801 (-12.0%), from €14,993 to €13,192
mainly Current portion of long-term debt (-€5,464) and Stocks and contracts (-€4,028)
- Current portion of long-term debt -€5,464
no longer reported in 2025 (was €5,464)
- Staff costs +€7,694
up €7,694 (+28.5%), from €27,012 to €34,706
- Gross operating margin -€2,179
down €2,179 (-4.6%), from €47,285 to €45,107
- Depreciation -€1,031
down €1,031 (-14.6%), from €7,045 to €6,015
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.
Cash bridge derived
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 | €107,768 | €104,535 | -€3,233 | -3.0% |
| Fixed assets | 21/28 | €15,935 | €10,399 | -€5,536 | -34.7% |
| Tangible fixed assets | 22/27 | €15,635 | €10,099 | -€5,536 | -35.4% |
| Land and buildings | 22 | €6,987 | €4,744 | -€2,244 | -32.1% |
| Plant, machinery and equipment | 23 | €6,201 | €4,073 | -€2,128 | -34.3% |
| Furniture and vehicles | 24 | €2,447 | €1,282 | -€1,165 | -47.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €91,832 | €94,136 | +€2,304 | +2.5% |
| Stocks and contracts in progress | 3 | €68,602 | €72,630 | +€4,028 | +5.9% |
| Stocks | 30/36 | €68,602 | €72,630 | +€4,028 | +5.9% |
| Amounts receivable within one year | 40/41 | €7,542 | €7,734 | +€192 | +2.5% |
| Trade receivables | 40 | €1,430 | €1,399 | -€31 | -2.1% |
| Other amounts receivable | 41 | €6,113 | €6,335 | +€222 | +3.6% |
| Cash at bank and in hand | 54/58 | €14,993 | €13,192 | -€1,801 | -12.0% |
| Deferred charges and accrued income | 490/1 | €695 | €580 | -€115 | -16.5% |
| Total equity and liabilities | 10/49 | €107,768 | €104,535 | -€3,233 | -3.0% |
| Equity | 10/15 | €55,547 | €55,849 | +€302 | +0.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,047 | €28,349 | +€302 | +1.1% |
| Amounts payable | 17/49 | €52,221 | €48,686 | -€3,535 | -6.8% |
| Amounts payable within one year | 42/48 | €52,221 | €48,686 | -€3,535 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €5,464 | - | -€5,464 | |
| Financial debts | 43 | €5,513 | €5,511 | -€2 | 0.0% |
| Credit institutions | 430/8 | €5,513 | €5,511 | -€2 | 0.0% |
| Trade debts | 44 | €10,252 | €10,823 | +€571 | +5.6% |
| Suppliers | 440/4 | €10,252 | €10,823 | +€571 | +5.6% |
| Taxes, remuneration and social security | 45 | €7,783 | €8,629 | +€847 | +10.9% |
| Taxes | 450/3 | €7,783 | €6,607 | -€1,176 | -15.1% |
| Remuneration and social security | 454/9 | - | €2,022 | +€2,022 | |
| Other amounts payable | 47/48 | €23,209 | €23,722 | +€514 | +2.2% |
| Remuneration, social security and pensions | 62 | €27,012 | €34,706 | +€7,694 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,045 | €6,015 | -€1,031 | -14.6% |
| Other operating charges | 640/8 | €141 | €270 | +€130 | +92.4% |
| Gross operating margin | 9900 | €47,285 | €45,107 | -€2,179 | -4.6% |
| Operating profit (loss) | 9901 | €13,087 | €4,115 | -€8,972 | -68.6% |
| Financial charges | 65/66B | €3,303 | €3,640 | +€337 | +10.2% |
| Recurring financial charges | 65 | €3,303 | €3,640 | +€337 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €9,784 | €475 | -€9,309 | -95.1% |
| Income taxes | 67/77 | €173 | €173 | -€0 | -0.3% |
| Profit (loss) for the period | 9904 | €9,611 | €302 | -€9,309 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,611 | €302 | -€9,309 | -96.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.