BOUCNEAU: 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.
BOUCNEAU
Largest movements
- Receivables within one year -€60,262
down €60,262 (-91.4%), from €65,930 to €5,668
of which Trade receivables: -€65,930
- Tangible fixed assets -€11,837
down €11,837 (-20.2%), from €58,692 to €46,855
- Cash +€7,519
up €7,519 (+27.9%), from €26,923 to €34,442
mainly Receivables within one year (+€60,262) and Net result for the year (+€18,425)
- Trade debts -€68,146
down €68,146 (-90.8%), from €75,084 to €6,938
- Reserves +€18,425
up €18,425 (+22.0%), from €83,836 to €102,261
- Debts after one year -€10,335
down €10,335 (-23.8%), from €43,507 to €33,172
- Tax, wage and social debts -€3,663
down €3,663 (-39.6%), from €9,244 to €5,581
- Depreciation +€11,346
up €11,346 (+2310.7%), from €491 to €11,837
- Financial income -€5,595
down €5,595 (-55.2%), from €10,133 to €4,538
of which Non-recurring financial income: -€10,133
- Taxes -€1,919
down €1,919 (-20.2%), from €9,478 to €7,559
- Financial charges +€1,597
up €1,597 (+858.7%), from €186 to €1,783
- Other operating charges -€470
down €470 (-78.6%), from €598 to €128
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 | €247,203 | €183,779 | -€63,424 | -25.7% |
| Fixed assets | 21/28 | €154,350 | €142,513 | -€11,837 | -7.7% |
| Tangible fixed assets | 22/27 | €58,692 | €46,855 | -€11,837 | -20.2% |
| Furniture and vehicles | 24 | €58,692 | €46,855 | -€11,837 | -20.2% |
| Financial fixed assets | 28 | €95,658 | €95,658 | = | 0.0% |
| Current assets | 29/58 | €92,853 | €41,266 | -€51,587 | -55.6% |
| Amounts receivable within one year | 40/41 | €65,930 | €5,668 | -€60,262 | -91.4% |
| Trade receivables | 40 | €65,930 | - | -€65,930 | |
| Other amounts receivable | 41 | - | €5,668 | +€5,668 | |
| Cash at bank and in hand | 54/58 | €26,923 | €34,442 | +€7,519 | +27.9% |
| Deferred charges and accrued income | 490/1 | - | €1,156 | +€1,156 | |
| Total equity and liabilities | 10/49 | €247,203 | €183,779 | -€63,424 | -25.7% |
| Equity | 10/15 | €108,836 | €127,261 | +€18,425 | +16.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €83,836 | €102,261 | +€18,425 | +22.0% |
| Distributable reserves | 133 | €83,836 | €102,261 | +€18,425 | +22.0% |
| Amounts payable | 17/49 | €138,367 | €56,518 | -€81,849 | -59.2% |
| Amounts payable after more than one year | 17 | €43,507 | €33,172 | -€10,335 | -23.8% |
| Financial debts | 170/4 | €43,507 | €33,172 | -€10,335 | -23.8% |
| Amounts payable within one year | 42/48 | €94,813 | €23,346 | -€71,467 | -75.4% |
| Current portion of amounts payable after more than one year | 42 | €9,993 | €10,335 | +€342 | +3.4% |
| Trade debts | 44 | €75,084 | €6,938 | -€68,146 | -90.8% |
| Suppliers | 440/4 | €75,084 | €6,938 | -€68,146 | -90.8% |
| Taxes, remuneration and social security | 45 | €9,244 | €5,581 | -€3,663 | -39.6% |
| Taxes | 450/3 | €9,244 | €5,581 | -€3,663 | -39.6% |
| Other amounts payable | 47/48 | €492 | €492 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €47 | - | -€47 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491 | €11,837 | +€11,346 | +2310.7% |
| Other operating charges | 640/8 | €598 | €128 | -€470 | -78.6% |
| Gross operating margin | 9900 | €35,364 | €35,194 | -€170 | -0.5% |
| Operating profit (loss) | 9901 | €34,275 | €23,229 | -€11,046 | -32.2% |
| Financial income | 75/76B | €10,133 | €4,538 | -€5,595 | -55.2% |
| Recurring financial income | 75 | €10,133 | €4,538 | -€5,595 | -55.2% |
| Non-recurring financial income | 76B | €10,133 | - | -€10,133 | |
| Financial charges | 65/66B | €186 | €1,783 | +€1,597 | +858.7% |
| Recurring financial charges | 65 | €186 | €1,783 | +€1,597 | +858.7% |
| Profit (loss) for the period before taxes | 9903 | €44,222 | €25,984 | -€18,238 | -41.2% |
| Income taxes | 67/77 | €9,478 | €7,559 | -€1,919 | -20.2% |
| Profit (loss) for the period | 9904 | €34,744 | €18,425 | -€16,319 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,744 | €18,425 | -€16,319 | -47.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.