Boudt-Heymans: 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-Heymans
Largest movements
- Cash +€46,802
up €46,802 (+29.0%), from €161,460 to €208,262
mainly Net result for the year (+€63,877) and Receivables within one year (+€23,779)
- Tangible fixed assets +€33,984
up €33,984 (+316%), from €10,749 to €44,733
- Receivables within one year -€23,779
down €23,779 (-85.9%), from €27,684 to €3,906
of which Trade receivables: -€14,066
- Reserves +€63,877
up €63,877 (+37.6%), from €170,075 to €233,952
- Other debts -€17,812
down €17,812 (-87.0%), from €20,476 to €2,664
- Tax, wage and social debts +€12,867
up €12,867 (+228%), from €5,636 to €18,503
- Gross operating margin +€57,230
up €57,230 (+150%), from €38,219 to €95,449
- Taxes +€15,968
up €15,968 (+179%), from €8,927 to €24,895
- Depreciation -€1,356
down €1,356 (-17.8%), from €7,598 to €6,242
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 | €203,306 | €261,680 | +€58,375 | +28.7% |
| Fixed assets | 21/28 | €10,754 | €44,738 | +€33,984 | +316% |
| Tangible fixed assets | 22/27 | €10,749 | €44,733 | +€33,984 | +316% |
| Furniture and vehicles | 24 | €10,749 | €44,733 | +€33,984 | +316% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €192,551 | €216,942 | +€24,391 | +12.7% |
| Amounts receivable within one year | 40/41 | €27,684 | €3,906 | -€23,779 | -85.9% |
| Trade receivables | 40 | €14,066 | €0 | -€14,066 | -100% |
| Other amounts receivable | 41 | €13,618 | €3,906 | -€9,712 | -71.3% |
| Cash at bank and in hand | 54/58 | €161,460 | €208,262 | +€46,802 | +29.0% |
| Deferred charges and accrued income | 490/1 | €3,407 | €4,774 | +€1,367 | +40.1% |
| Total equity and liabilities | 10/49 | €203,306 | €261,680 | +€58,375 | +28.7% |
| Equity | 10/15 | €176,275 | €240,152 | +€63,877 | +36.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €170,075 | €233,952 | +€63,877 | +37.6% |
| Distributable reserves | 133 | €170,075 | €233,952 | +€63,877 | +37.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,030 | €21,528 | -€5,502 | -20.4% |
| Amounts payable within one year | 42/48 | €27,030 | €21,528 | -€5,502 | -20.4% |
| Trade debts | 44 | €918 | €360 | -€557 | -60.7% |
| Suppliers | 440/4 | €918 | €360 | -€557 | -60.7% |
| Taxes, remuneration and social security | 45 | €5,636 | €18,503 | +€12,867 | +228% |
| Taxes | 450/3 | €5,636 | €18,503 | +€12,867 | +228% |
| Other amounts payable | 47/48 | €20,476 | €2,664 | -€17,812 | -87.0% |
| Non-recurring operating income | 76A | - | €13,799 | +€13,799 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,598 | €6,242 | -€1,356 | -17.8% |
| Other operating charges | 640/8 | €1,187 | €1,162 | -€24 | -2.0% |
| Gross operating margin | 9900 | €38,219 | €95,449 | +€57,230 | +150% |
| Operating profit (loss) | 9901 | €29,434 | €88,044 | +€58,610 | +199% |
| Financial income | 75/76B | €460 | €865 | +€405 | +88.2% |
| Recurring financial income | 75 | €460 | €865 | +€405 | +88.2% |
| Financial charges | 65/66B | €130 | €138 | +€8 | +6.1% |
| Recurring financial charges | 65 | €130 | €138 | +€8 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €29,764 | €88,772 | +€59,007 | +198% |
| Income taxes | 67/77 | €8,927 | €24,895 | +€15,968 | +179% |
| Profit (loss) for the period | 9904 | €20,837 | €63,877 | +€43,040 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €20,837 | €63,877 | +€43,040 | +207% |
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 24 October 2026 via checked.be.