BOUFZ: 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.
BOUFZ
Largest movements
- Tangible fixed assets -€9,477
down €9,477 (-2.1%), from €448,712 to €439,235
of which Land and buildings: -€21,845
- Receivables within one year +€6,342
up €6,342 (+102%), from €6,205 to €12,547
of which Other amounts receivable: +€5,779
- Other debts +€17,575
new in 2025: €17,575
- Debts after one year -€13,987
down €13,987 (-3.6%), from €387,647 to €373,660
- Reserves -€13,280
down €13,280 (-23.5%), from €56,609 to €43,329
- Short-term financial debts +€10,000
new in 2025: €10,000
- Depreciation -€39,254
down €39,254 (-53.9%), from €72,795 to €33,541
- Gross operating margin -€25,523
down €25,523 (-28.1%), from €90,822 to €65,299
- Financial charges +€14,582
up €14,582 (+31,231%), from €47 to €14,628
- Other operating charges +€3,810
up €3,810 (+485%), from €786 to €4,595
- Staff costs +€2,976
new in 2025: €2,976
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 | €481,885 | €479,834 | -€2,051 | -0.4% |
| Fixed assets | 21/28 | €450,712 | €441,235 | -€9,477 | -2.1% |
| Tangible fixed assets | 22/27 | €448,712 | €439,235 | -€9,477 | -2.1% |
| Land and buildings | 22 | €424,083 | €402,237 | -€21,845 | -5.2% |
| Plant, machinery and equipment | 23 | €6,235 | €1,606 | -€4,629 | -74.2% |
| Furniture and vehicles | 24 | €10,636 | €28,980 | +€18,344 | +172% |
| Other tangible fixed assets | 26 | €7,758 | €6,412 | -€1,346 | -17.4% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €31,173 | €38,599 | +€7,426 | +23.8% |
| Stocks and contracts in progress | 3 | €6,305 | €7,067 | +€762 | +12.1% |
| Stocks | 30/36 | €6,305 | €7,067 | +€762 | +12.1% |
| Amounts receivable within one year | 40/41 | €6,205 | €12,547 | +€6,342 | +102% |
| Trade receivables | 40 | €658 | €1,221 | +€563 | +85.4% |
| Other amounts receivable | 41 | €5,547 | €11,326 | +€5,779 | +104% |
| Cash at bank and in hand | 54/58 | €18,663 | €18,985 | +€322 | +1.7% |
| Total equity and liabilities | 10/49 | €481,885 | €479,834 | -€2,051 | -0.4% |
| Equity | 10/15 | €57,609 | €44,329 | -€13,280 | -23.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €56,609 | €43,329 | -€13,280 | -23.5% |
| Distributable reserves | 133 | €56,609 | €43,329 | -€13,280 | -23.5% |
| Amounts payable | 17/49 | €424,276 | €435,505 | +€11,229 | +2.6% |
| Amounts payable after more than one year | 17 | €387,647 | €373,660 | -€13,987 | -3.6% |
| Financial debts | 170/4 | €387,647 | €373,660 | -€13,987 | -3.6% |
| Amounts payable within one year | 42/48 | €36,629 | €61,845 | +€25,215 | +68.8% |
| Current portion of amounts payable after more than one year | 42 | €12,353 | €13,987 | +€1,633 | +13.2% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €16,807 | €14,966 | -€1,841 | -11.0% |
| Suppliers | 440/4 | €16,807 | €14,966 | -€1,841 | -11.0% |
| Taxes, remuneration and social security | 45 | €7,468 | €5,317 | -€2,151 | -28.8% |
| Taxes | 450/3 | €7,468 | €5,317 | -€2,151 | -28.8% |
| Other amounts payable | 47/48 | - | €17,575 | +€17,575 | |
| Remuneration, social security and pensions | 62 | - | €2,976 | +€2,976 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,795 | €33,541 | -€39,254 | -53.9% |
| Other operating charges | 640/8 | €786 | €4,595 | +€3,810 | +485% |
| Gross operating margin | 9900 | €90,822 | €65,299 | -€25,523 | -28.1% |
| Operating profit (loss) | 9901 | €17,241 | €24,186 | +€6,945 | +40.3% |
| Financial income | 75/76B | €98 | €189 | +€91 | +92.3% |
| Recurring financial income | 75 | €98 | €189 | +€91 | +92.3% |
| Financial charges | 65/66B | €47 | €14,628 | +€14,582 | +31,231% |
| Recurring financial charges | 65 | €47 | €14,628 | +€14,582 | +31,231% |
| Profit (loss) for the period before taxes | 9903 | €17,293 | €9,747 | -€7,546 | -43.6% |
| Income taxes | 67/77 | €4,366 | €3,749 | -€617 | -14.1% |
| Profit (loss) for the period | 9904 | €12,926 | €5,998 | -€6,929 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,926 | €5,998 | -€6,929 | -53.6% |
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 29 October 2026 via checked.be.