BOUCOU: 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.
BOUCOU
Largest movements
- Tangible fixed assets +€10,121
up €10,121 (+2.1%), from €482,255 to €492,376
of which Land and buildings: +€14,923
- Cash -€5,434
no longer reported in 2025 (was €5,434)
mainly Investment in fixed assets (net) (-€42,034) and Receivables within one year (-€4,532)
- Short-term financial debts +€6,859
new in 2025: €6,859
- Current portion of long-term debt +€6,089
up €6,089 (+19.6%), from €31,139 to €37,228
- Other operating charges -€10,093
down €10,093 (-91.7%), from €11,002 to €909
- Depreciation +€2,537
up €2,537 (+8.6%), from €29,376 to €31,913
- Staff costs +€1,439
up €1,439 (+125.1%), from €1,151 to €2,590
- Gross operating margin -€910
down €910 (-1.4%), from €64,107 to €63,197
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 | €488,855 | €498,202 | +€9,347 | +1.9% |
| Fixed assets | 21/28 | €482,255 | €492,376 | +€10,121 | +2.1% |
| Tangible fixed assets | 22/27 | €482,255 | €492,376 | +€10,121 | +2.1% |
| Land and buildings | 22 | €466,874 | €481,797 | +€14,923 | +3.2% |
| Plant, machinery and equipment | 23 | €6,085 | €5,113 | -€972 | -16.0% |
| Furniture and vehicles | 24 | €9,296 | €5,466 | -€3,830 | -41.2% |
| Current assets | 29/58 | €6,600 | €5,826 | -€774 | -11.7% |
| Amounts receivable within one year | 40/41 | €1,166 | €5,698 | +€4,532 | +388.7% |
| Trade receivables | 40 | - | €5,698 | +€5,698 | |
| Other amounts receivable | 41 | €1,166 | - | -€1,166 | |
| Cash at bank and in hand | 54/58 | €5,434 | - | -€5,434 | |
| Deferred charges and accrued income | 490/1 | - | €127 | +€127 | |
| Total equity and liabilities | 10/49 | €488,855 | €498,202 | +€9,347 | +1.9% |
| Equity | 10/15 | €65,033 | €64,837 | -€195 | -0.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,033 | €14,837 | -€195 | -1.3% |
| Amounts payable | 17/49 | €423,822 | €433,364 | +€9,542 | +2.3% |
| Amounts payable after more than one year | 17 | €324,123 | €322,517 | -€1,606 | -0.5% |
| Financial debts | 170/4 | €324,123 | €322,517 | -€1,606 | -0.5% |
| Amounts payable within one year | 42/48 | €97,136 | €110,847 | +€13,711 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €31,139 | €37,228 | +€6,089 | +19.6% |
| Financial debts | 43 | - | €6,859 | +€6,859 | |
| Credit institutions | 430/8 | - | €6,859 | +€6,859 | |
| Trade debts | 44 | €1,023 | - | -€1,023 | |
| Suppliers | 440/4 | €1,023 | - | -€1,023 | |
| Taxes, remuneration and social security | 45 | - | €814 | +€814 | |
| Taxes | 450/3 | - | €727 | +€727 | |
| Remuneration and social security | 454/9 | - | €86 | +€86 | |
| Other amounts payable | 47/48 | €64,974 | €65,947 | +€973 | +1.5% |
| Accrued charges and deferred income | 492/3 | €2,563 | - | -€2,563 | |
| Remuneration, social security and pensions | 62 | €1,151 | €2,590 | +€1,439 | +125.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,376 | €31,913 | +€2,537 | +8.6% |
| Other operating charges | 640/8 | €11,002 | €909 | -€10,093 | -91.7% |
| Gross operating margin | 9900 | €64,107 | €63,197 | -€910 | -1.4% |
| Operating profit (loss) | 9901 | €22,577 | €27,785 | +€5,208 | +23.1% |
| Financial charges | 65/66B | €27,517 | €27,980 | +€463 | +1.7% |
| Recurring financial charges | 65 | €27,517 | €27,980 | +€463 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,940 | -€195 | +€4,745 | +96.0% |
| Profit (loss) for the period | 9904 | -€4,940 | -€195 | +€4,745 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,940 | -€195 | +€4,745 | +96.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.