Bouffard: 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.
Bouffard
Largest movements
- Receivables within one year +€27,217
up €27,217 (+21.1%), from €129,263 to €156,480
of which Trade receivables: +€31,051
- Cash -€9,857
down €9,857 (-45.8%), from €21,504 to €11,647
mainly Receivables within one year (-€27,217) and Net result for the year (-€22,446)
- Deferred charges and accrued income +€8,687
up €8,687 (+13.0%), from €66,981 to €75,667
- Tangible fixed assets -€7,799
down €7,799 (-41.6%), from €18,736 to €10,938
of which Furniture and vehicles: -€6,152
- Stocks and contracts -€3,751
no longer reported in 2026 (was €3,751)
- Profit (loss) carried forward -€22,446
down €22,446 (-15.9%), from €141,563 to €119,117
- Trade debts +€17,727
up €17,727 (+100.4%), from €17,665 to €35,392
- Other debts +€16,701
new in 2026: €16,701
- Accrued charges and deferred income +€9,108
new in 2026: €9,108
- Tax, wage and social debts -€6,593
down €6,593 (-27.7%), from €23,844 to €17,251
of which Taxes: -€15,358
- Gross operating margin -€14,876
down €14,876 (-17.0%), from €87,555 to €72,679
- Staff costs +€9,485
up €9,485 (+12.8%), from €73,988 to €83,472
- Taxes -€2,265
down €2,265 (-71.3%), from €3,175 to €910
- Financial charges -€1,011
down €1,011 (-26.4%), from €3,835 to €2,824
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,234 | €254,731 | +€14,497 | +6.0% |
| Fixed assets | 21/28 | €18,736 | €10,938 | -€7,799 | -41.6% |
| Tangible fixed assets | 22/27 | €18,736 | €10,938 | -€7,799 | -41.6% |
| Land and buildings | 22 | €2,186 | €1,282 | -€905 | -41.4% |
| Plant, machinery and equipment | 23 | €2,155 | €1,414 | -€741 | -34.4% |
| Furniture and vehicles | 24 | €14,395 | €8,243 | -€6,152 | -42.7% |
| Current assets | 29/58 | €221,498 | €243,794 | +€22,296 | +10.1% |
| Stocks and contracts in progress | 3 | €3,751 | - | -€3,751 | |
| Stocks | 30/36 | €3,751 | - | -€3,751 | |
| Amounts receivable within one year | 40/41 | €129,263 | €156,480 | +€27,217 | +21.1% |
| Trade receivables | 40 | €43,458 | €74,509 | +€31,051 | +71.4% |
| Other amounts receivable | 41 | €85,804 | €81,971 | -€3,834 | -4.5% |
| Cash at bank and in hand | 54/58 | €21,504 | €11,647 | -€9,857 | -45.8% |
| Deferred charges and accrued income | 490/1 | €66,981 | €75,667 | +€8,687 | +13.0% |
| Total equity and liabilities | 10/49 | €240,234 | €254,731 | +€14,497 | +6.0% |
| Equity | 10/15 | €198,725 | €176,279 | -€22,446 | -11.3% |
| Contributions | 10/11 | €12,090 | €12,090 | = | 0.0% |
| Reserves | 13 | €45,072 | €45,072 | = | 0.0% |
| 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 | €43,212 | €43,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,563 | €119,117 | -€22,446 | -15.9% |
| Amounts payable | 17/49 | €41,509 | €78,452 | +€36,943 | +89.0% |
| Amounts payable within one year | 42/48 | €41,509 | €69,344 | +€27,835 | +67.1% |
| Trade debts | 44 | €17,665 | €35,392 | +€17,727 | +100.4% |
| Suppliers | 440/4 | €17,665 | €35,392 | +€17,727 | +100.4% |
| Taxes, remuneration and social security | 45 | €23,844 | €17,251 | -€6,593 | -27.7% |
| Taxes | 450/3 | €23,844 | €8,486 | -€15,358 | -64.4% |
| Remuneration and social security | 454/9 | - | €8,765 | +€8,765 | |
| Other amounts payable | 47/48 | - | €16,701 | +€16,701 | |
| Accrued charges and deferred income | 492/3 | - | €9,108 | +€9,108 | |
| Remuneration, social security and pensions | 62 | €73,988 | €83,472 | +€9,485 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,780 | €7,799 | +€19 | +0.2% |
| Other operating charges | 640/8 | €278 | €120 | -€158 | -56.8% |
| Gross operating margin | 9900 | €87,555 | €72,679 | -€14,876 | -17.0% |
| Operating profit (loss) | 9901 | €5,510 | -€18,712 | -€24,221 | |
| Financial charges | 65/66B | €3,835 | €2,824 | -€1,011 | -26.4% |
| Recurring financial charges | 65 | €3,835 | €2,824 | -€1,011 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €1,675 | -€21,536 | -€23,210 | |
| Income taxes | 67/77 | €3,175 | €910 | -€2,265 | -71.3% |
| Profit (loss) for the period | 9904 | -€1,501 | -€22,446 | -€20,945 | -1395.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,501 | -€22,446 | -€20,945 | -1395.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.