Bouf's: 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.
Bouf's
Largest movements
- Tangible fixed assets +€279,455
up €279,455 (+57.2%), from €488,635 to €768,090
of which Land and buildings: +€298,202
- Receivables within one year -€59,097
down €59,097 (-94.3%), from €62,683 to €3,586
of which Trade receivables: -€60,724
- Cash -€24,580
down €24,580 (-28.6%), from €85,879 to €61,299
mainly Investment in fixed assets (net) (-€321,824) and Contributions, distributions and other (-€15,000)
- Debts after one year +€180,190
up €180,190 (+78.0%), from €230,987 to €411,177
- Other debts +€14,443
up €14,443 (+29.3%), from €49,342 to €63,785
- Gross operating margin -€108,054
down €108,054 (-37.9%), from €285,148 to €177,095
- Staff costs -€39,486
down €39,486 (-27.3%), from €144,811 to €105,324
- Taxes -€13,866
down €13,866 (-92.9%), from €14,929 to €1,063
- Other operating charges -€12,842
down €12,842 (-85.6%), from €15,009 to €2,167
- Depreciation +€8,320
up €8,320 (+24.1%), from €34,468 to €42,789
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 | €644,297 | €835,893 | +€191,597 | +29.7% |
| Fixed assets | 21/28 | €489,462 | €768,498 | +€279,035 | +57.0% |
| Intangible fixed assets | 21 | €827 | €407 | -€420 | -50.8% |
| Tangible fixed assets | 22/27 | €488,635 | €768,090 | +€279,455 | +57.2% |
| Land and buildings | 22 | €388,960 | €687,162 | +€298,202 | +76.7% |
| Plant, machinery and equipment | 23 | €54,142 | €39,977 | -€14,165 | -26.2% |
| Furniture and vehicles | 24 | €45,532 | €40,951 | -€4,582 | -10.1% |
| Current assets | 29/58 | €154,834 | €67,395 | -€87,439 | -56.5% |
| Stocks and contracts in progress | 3 | €2,524 | €280 | -€2,244 | -88.9% |
| Stocks | 30/36 | €2,524 | €280 | -€2,244 | -88.9% |
| Amounts receivable within one year | 40/41 | €62,683 | €3,586 | -€59,097 | -94.3% |
| Trade receivables | 40 | €62,683 | €1,959 | -€60,724 | -96.9% |
| Other amounts receivable | 41 | - | €1,628 | +€1,628 | |
| Cash at bank and in hand | 54/58 | €85,879 | €61,299 | -€24,580 | -28.6% |
| Deferred charges and accrued income | 490/1 | €3,748 | €2,230 | -€1,517 | -40.5% |
| Total equity and liabilities | 10/49 | €644,297 | €835,893 | +€191,597 | +29.7% |
| Equity | 10/15 | €286,527 | €286,841 | +€314 | +0.1% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,527 | €201,841 | +€314 | +0.2% |
| Amounts payable | 17/49 | €357,770 | €549,052 | +€191,283 | +53.5% |
| Amounts payable after more than one year | 17 | €230,987 | €411,177 | +€180,190 | +78.0% |
| Financial debts | 170/4 | €230,987 | €411,177 | +€180,190 | +78.0% |
| Amounts payable within one year | 42/48 | €124,574 | €137,875 | +€13,301 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €19,469 | €19,810 | +€341 | +1.8% |
| Trade debts | 44 | €24,565 | €30,394 | +€5,829 | +23.7% |
| Suppliers | 440/4 | €24,565 | €30,394 | +€5,829 | +23.7% |
| Taxes, remuneration and social security | 45 | €31,197 | €23,886 | -€7,312 | -23.4% |
| Taxes | 450/3 | €18,915 | €10,232 | -€8,683 | -45.9% |
| Remuneration and social security | 454/9 | €12,282 | €13,654 | +€1,371 | +11.2% |
| Other amounts payable | 47/48 | €49,342 | €63,785 | +€14,443 | +29.3% |
| Accrued charges and deferred income | 492/3 | €2,209 | - | -€2,209 | |
| Remuneration, social security and pensions | 62 | €144,811 | €105,324 | -€39,486 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,468 | €42,789 | +€8,320 | +24.1% |
| Other operating charges | 640/8 | €15,009 | €2,167 | -€12,842 | -85.6% |
| Gross operating margin | 9900 | €285,148 | €177,095 | -€108,054 | -37.9% |
| Operating profit (loss) | 9901 | €90,860 | €26,815 | -€64,045 | -70.5% |
| Financial income | 75/76B | €153 | €21 | -€132 | -86.1% |
| Recurring financial income | 75 | €153 | €21 | -€132 | -86.1% |
| Financial charges | 65/66B | €8,271 | €10,459 | +€2,188 | +26.5% |
| Recurring financial charges | 65 | €8,271 | €10,459 | +€2,188 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €82,743 | €16,377 | -€66,365 | -80.2% |
| Income taxes | 67/77 | €14,929 | €1,063 | -€13,866 | -92.9% |
| Profit (loss) for the period | 9904 | €67,814 | €15,314 | -€52,500 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,814 | €15,314 | -€52,500 | -77.4% |
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 7 October 2026 via checked.be.