Bougacha: 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.
Bougacha
Largest movements
- Receivables within one year -€46,044
down €46,044 (-67.9%), from €67,793 to €21,750
- Cash +€37,480
up €37,480 (+39.4%), from €95,209 to €132,689
mainly Other debts (+€166,889) and Net result for the year (+€60,544)
- Deferred charges and accrued income -€3,457
down €3,457 (-72.8%), from €4,750 to €1,293
- Tangible fixed assets -€3,343
down €3,343 (-5.5%), from €60,490 to €57,148
of which Land and buildings: -€1,969
- Reserves -€186,583
down €186,583 (-100.0%), from €186,583 to €0
- Other debts +€166,889
up €166,889 (+428.3%), from €38,964 to €205,853
- Tax, wage and social debts +€3,188
up €3,188 (+1992.6%), from €160 to €3,348
of which Taxes: +€3,348
- Gross operating margin +€33,655
up €33,655 (+39.1%), from €86,041 to €119,696
- Financial charges -€9,147
down €9,147 (-19.6%), from €46,616 to €37,468
- Taxes +€9,080
up €9,080 (+124.6%), from €7,285 to €16,364
- Depreciation -€5,425
down €5,425 (-57.0%), from €9,518 to €4,093
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 | €228,243 | €212,880 | -€15,363 | -6.7% |
| Fixed assets | 21/28 | €60,490 | €57,148 | -€3,343 | -5.5% |
| Tangible fixed assets | 22/27 | €60,490 | €57,148 | -€3,343 | -5.5% |
| Land and buildings | 22 | €54,960 | €52,991 | -€1,969 | -3.6% |
| Plant, machinery and equipment | 23 | €2,698 | €2,124 | -€574 | -21.3% |
| Furniture and vehicles | 24 | €2,832 | €2,033 | -€799 | -28.2% |
| Current assets | 29/58 | €167,752 | €155,732 | -€12,020 | -7.2% |
| Amounts receivable within one year | 40/41 | €67,793 | €21,750 | -€46,044 | -67.9% |
| Other amounts receivable | 41 | €67,793 | €21,750 | -€46,044 | -67.9% |
| Cash at bank and in hand | 54/58 | €95,209 | €132,689 | +€37,480 | +39.4% |
| Deferred charges and accrued income | 490/1 | €4,750 | €1,293 | -€3,457 | -72.8% |
| Total equity and liabilities | 10/49 | €228,243 | €212,880 | -€15,363 | -6.7% |
| Equity | 10/15 | €189,083 | €2,500 | -€186,583 | -98.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €186,583 | €0 | -€186,583 | -100.0% |
| Distributable reserves | 133 | €186,583 | €0 | -€186,583 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,160 | €210,380 | +€171,220 | +437.2% |
| Amounts payable within one year | 42/48 | €39,160 | €210,380 | +€171,220 | +437.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €36 | €1,179 | +€1,143 | +3191.9% |
| Suppliers | 440/4 | €36 | €1,179 | +€1,143 | +3191.9% |
| Taxes, remuneration and social security | 45 | €160 | €3,348 | +€3,188 | +1992.6% |
| Taxes | 450/3 | - | €3,348 | +€3,348 | |
| Remuneration and social security | 454/9 | €160 | €0 | -€160 | -100.0% |
| Other amounts payable | 47/48 | €38,964 | €205,853 | +€166,889 | +428.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,518 | €4,093 | -€5,425 | -57.0% |
| Other operating charges | 640/8 | €1,423 | €1,227 | -€196 | -13.7% |
| Gross operating margin | 9900 | €86,041 | €119,696 | +€33,655 | +39.1% |
| Operating profit (loss) | 9901 | €75,101 | €114,376 | +€39,275 | +52.3% |
| Financial income | 75/76B | €390 | €0 | -€390 | -100.0% |
| Recurring financial income | 75 | €390 | €0 | -€390 | -100.0% |
| Financial charges | 65/66B | €46,616 | €37,468 | -€9,147 | -19.6% |
| Recurring financial charges | 65 | €46,616 | €37,468 | -€9,147 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €28,875 | €76,908 | +€48,033 | +166.3% |
| Income taxes | 67/77 | €7,285 | €16,364 | +€9,080 | +124.6% |
| Profit (loss) for the period | 9904 | €21,590 | €60,544 | +€38,954 | +180.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,590 | €60,544 | +€38,954 | +180.4% |
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 30 September 2026 via checked.be.