BOUDEWIJN ELEKTRO: 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.
BOUDEWIJN ELEKTRO
Largest movements
- Cash -€91,935
down €91,935 (-33.5%), from €274,346 to €182,412
mainly Other debts (-€118,138) and Debts after one year (-€31,959)
- Tangible fixed assets -€23,918
down €23,918 (-13.6%), from €176,087 to €152,169
of which Other tangible fixed assets: -€23,322
- Other debts -€118,138
no longer reported in 2025 (was €118,138)
- Reserves +€32,498
up €32,498 (+5.8%), from €560,786 to €593,284
of which Distributable reserves: +€32,498
- Debts after one year -€31,959
down €31,959 (-39.7%), from €80,580 to €48,621
- Gross operating margin -€49,806
down €49,806 (-18.3%), from €272,504 to €222,698
- Taxes -€12,519
down €12,519 (-52.2%), from €23,990 to €11,471
- Financial charges -€5,379
down €5,379 (-61.8%), from €8,704 to €3,325
- Financial income -€2,851
down €2,851 (-20.0%), from €14,248 to €11,397
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 | €869,328 | €747,890 | -€121,438 | -14.0% |
| Fixed assets | 21/28 | €176,087 | €152,169 | -€23,918 | -13.6% |
| Tangible fixed assets | 22/27 | €176,087 | €152,169 | -€23,918 | -13.6% |
| Plant, machinery and equipment | 23 | €24,196 | €17,993 | -€6,202 | -25.6% |
| Furniture and vehicles | 24 | €4,003 | €9,609 | +€5,606 | +140% |
| Other tangible fixed assets | 26 | €147,888 | €124,566 | -€23,322 | -15.8% |
| Current assets | 29/58 | €693,241 | €595,721 | -€97,520 | -14.1% |
| Stocks and contracts in progress | 3 | €384,050 | €380,794 | -€3,256 | -0.8% |
| Stocks | 30/36 | €384,050 | €380,794 | -€3,256 | -0.8% |
| Amounts receivable within one year | 40/41 | €30,094 | €23,488 | -€6,607 | -22.0% |
| Trade receivables | 40 | €24,821 | €13,096 | -€11,725 | -47.2% |
| Other amounts receivable | 41 | €5,273 | €10,392 | +€5,119 | +97.1% |
| Cash at bank and in hand | 54/58 | €274,346 | €182,412 | -€91,935 | -33.5% |
| Deferred charges and accrued income | 490/1 | €4,751 | €9,028 | +€4,278 | +90.0% |
| Total equity and liabilities | 10/49 | €869,328 | €747,890 | -€121,438 | -14.0% |
| Equity | 10/15 | €579,386 | €611,884 | +€32,498 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €560,786 | €593,284 | +€32,498 | +5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €558,926 | €591,424 | +€32,498 | +5.8% |
| Amounts payable | 17/49 | €289,942 | €136,006 | -€153,936 | -53.1% |
| Amounts payable after more than one year | 17 | €80,580 | €48,621 | -€31,959 | -39.7% |
| Financial debts | 170/4 | €80,580 | €48,621 | -€31,959 | -39.7% |
| Amounts payable within one year | 42/48 | €204,678 | €87,385 | -€117,293 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €31,599 | €31,959 | +€360 | +1.1% |
| Financial debts | 43 | €8,577 | €3,121 | -€5,457 | -63.6% |
| Credit institutions | 430/8 | €8,577 | €3,121 | -€5,457 | -63.6% |
| Trade debts | 44 | €16,016 | €22,138 | +€6,122 | +38.2% |
| Suppliers | 440/4 | €16,016 | €22,138 | +€6,122 | +38.2% |
| Taxes, remuneration and social security | 45 | €30,348 | €30,167 | -€181 | -0.6% |
| Taxes | 450/3 | €17,898 | €17,102 | -€796 | -4.4% |
| Remuneration and social security | 454/9 | €12,450 | €13,065 | +€615 | +4.9% |
| Other amounts payable | 47/48 | €118,138 | - | -€118,138 | |
| Accrued charges and deferred income | 492/3 | €4,684 | - | -€4,684 | |
| Remuneration, social security and pensions | 62 | €151,241 | €149,318 | -€1,923 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,646 | €33,136 | +€1,490 | +4.7% |
| Other operating charges | 640/8 | €4,570 | €4,348 | -€221 | -4.8% |
| Gross operating margin | 9900 | €272,504 | €222,698 | -€49,806 | -18.3% |
| Operating profit (loss) | 9901 | €85,048 | €35,897 | -€49,151 | -57.8% |
| Financial income | 75/76B | €14,248 | €11,397 | -€2,851 | -20.0% |
| Recurring financial income | 75 | €14,248 | €11,397 | -€2,851 | -20.0% |
| Financial charges | 65/66B | €8,704 | €3,325 | -€5,379 | -61.8% |
| Recurring financial charges | 65 | €8,704 | €3,325 | -€5,379 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €90,592 | €43,969 | -€46,623 | -51.5% |
| Income taxes | 67/77 | €23,990 | €11,471 | -€12,519 | -52.2% |
| Profit (loss) for the period | 9904 | €66,602 | €32,498 | -€34,104 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,602 | €32,498 | -€34,104 | -51.2% |
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 18 October 2026 via checked.be.