BOUCKAERT & BOUCKAERT: 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.
BOUCKAERT & BOUCKAERT
Largest movements
- Tangible fixed assets +€42,570
up €42,570 (+10.1%), from €421,642 to €464,212
- Cash +€12,794
up €12,794 (+278%), from €4,597 to €17,392
mainly Net result for the year (+€31,396) and Depreciation (+€23,366)
- Profit (loss) carried forward +€31,396
up €31,396 (+39.3%), from -€79,885 to -€48,489
- Debts after one year +€20,394
up €20,394 (+8.8%), from €231,891 to €252,285
- Other debts -€18,225
down €18,225 (-8.8%), from €206,406 to €188,180
- Trade debts +€12,606
up €12,606 (+3,174%), from €397 to €13,003
- Tax, wage and social debts +€9,977
new in 2025: €9,977
- Gross operating margin +€36,528
up €36,528 (+80.8%), from €45,214 to €81,742
- Depreciation +€2,771
up €2,771 (+13.5%), from €20,595 to €23,366
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 | €426,773 | €485,839 | +€59,066 | +13.8% |
| Fixed assets | 21/28 | €421,881 | €464,212 | +€42,331 | +10.0% |
| Tangible fixed assets | 22/27 | €421,642 | €464,212 | +€42,570 | +10.1% |
| Land and buildings | 22 | €421,642 | €464,212 | +€42,570 | +10.1% |
| Financial fixed assets | 28 | €239 | €0 | -€239 | -100% |
| Current assets | 29/58 | €4,892 | €21,627 | +€16,734 | +342% |
| Amounts receivable within one year | 40/41 | €295 | €4,235 | +€3,940 | +1,336% |
| Trade receivables | 40 | €295 | €4,235 | +€3,940 | +1,336% |
| Cash at bank and in hand | 54/58 | €4,597 | €17,392 | +€12,794 | +278% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €426,773 | €485,839 | +€59,066 | +13.8% |
| Equity | 10/15 | -€43,471 | -€12,075 | +€31,396 | +72.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €17,814 | €17,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,885 | -€48,489 | +€31,396 | +39.3% |
| Amounts payable | 17/49 | €470,244 | €497,914 | +€27,670 | +5.9% |
| Amounts payable after more than one year | 17 | €231,891 | €252,285 | +€20,394 | +8.8% |
| Financial debts | 170/4 | €231,891 | €252,285 | +€20,394 | +8.8% |
| Amounts payable within one year | 42/48 | €237,759 | €245,081 | +€7,322 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €30,956 | €33,920 | +€2,964 | +9.6% |
| Trade debts | 44 | €397 | €13,003 | +€12,606 | +3,174% |
| Suppliers | 440/4 | €397 | €13,003 | +€12,606 | +3,174% |
| Taxes, remuneration and social security | 45 | - | €9,977 | +€9,977 | |
| Taxes | 450/3 | - | €9,977 | +€9,977 | |
| Other amounts payable | 47/48 | €206,406 | €188,180 | -€18,225 | -8.8% |
| Accrued charges and deferred income | 492/3 | €595 | €549 | -€46 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,595 | €23,366 | +€2,771 | +13.5% |
| Other operating charges | 640/8 | €15,595 | €16,321 | +€726 | +4.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €45,214 | €81,742 | +€36,528 | +80.8% |
| Operating profit (loss) | 9901 | €9,024 | €42,055 | +€33,031 | +366% |
| Financial income | 75/76B | €0 | €142 | +€142 | |
| Recurring financial income | 75 | €0 | €142 | +€142 | |
| Financial charges | 65/66B | €10,277 | €10,801 | +€524 | +5.1% |
| Recurring financial charges | 65 | €10,277 | €10,801 | +€524 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,253 | €31,396 | +€32,649 | |
| Profit (loss) for the period | 9904 | -€1,253 | €31,396 | +€32,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,253 | €31,396 | +€32,649 |
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 19 October 2026 via checked.be.