BOUDT: 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.
BOUDT
Largest movements
- Cash +€12,268
up €12,268 (+82.9%), from €14,806 to €27,074
mainly Net result for the year (+€7,007) and Depreciation (+€3,092)
- Tangible fixed assets -€2,697
down €2,697 (-3.7%), from €73,056 to €70,359
of which Land and buildings: -€1,580
- Reserves +€9,611
up €9,611 (+7.9%), from €122,240 to €131,851
- Turnover +€1,227
up €1,227 (+5.4%), from €22,711 to €23,938
- Gross operating margin +€1,227
up €1,227 (+5.4%), from €22,711 to €23,938
- Taxes +€1,000
up €1,000 (+16.7%), from €6,000 to €7,000
- Other operating charges +€647
up €647 (+10.8%), from €5,966 to €6,613
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 | €128,440 | €138,051 | +€9,611 | +7.5% |
| Fixed assets | 21/28 | €103,056 | €100,359 | -€2,697 | -2.6% |
| Tangible fixed assets | 22/27 | €73,056 | €70,359 | -€2,697 | -3.7% |
| Land and buildings | 22 | €67,447 | €65,867 | -€1,580 | -2.3% |
| Plant, machinery and equipment | 23 | €971 | €1,016 | +€45 | +4.6% |
| Furniture and vehicles | 24 | €4,638 | €3,476 | -€1,162 | -25.1% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €25,384 | €37,692 | +€12,308 | +48.5% |
| Amounts receivable within one year | 40/41 | €365 | €405 | +€40 | +11.0% |
| Other amounts receivable | 41 | €365 | €405 | +€40 | +11.0% |
| Current investments | 50/53 | €10,213 | €10,213 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,806 | €27,074 | +€12,268 | +82.9% |
| Total equity and liabilities | 10/49 | €128,440 | €138,051 | +€9,611 | +7.5% |
| Equity | 10/15 | €128,440 | €138,051 | +€9,611 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,240 | €131,851 | +€9,611 | +7.9% |
| Distributable reserves | 133 | €122,240 | €131,851 | +€9,611 | +7.9% |
| Turnover | 70 | €22,711 | €23,938 | +€1,227 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,070 | €3,092 | +€22 | +0.7% |
| Other operating charges | 640/8 | €5,966 | €6,613 | +€647 | +10.8% |
| Gross operating margin | 9900 | €22,711 | €23,938 | +€1,227 | +5.4% |
| Operating profit (loss) | 9901 | €13,675 | €14,233 | +€558 | +4.1% |
| Financial charges | 65/66B | €158 | €226 | +€68 | +43.0% |
| Recurring financial charges | 65 | €158 | €226 | +€68 | +43.0% |
| Non-recurring financial charges | 66B | €158 | €226 | +€68 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €13,517 | €14,007 | +€490 | +3.6% |
| Income taxes | 67/77 | €6,000 | €7,000 | +€1,000 | +16.7% |
| Profit (loss) for the period | 9904 | €7,517 | €7,007 | -€510 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,517 | €7,007 | -€510 | -6.8% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.