BOUGE ASSURANCES: 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.
BOUGE ASSURANCES
Largest movements
- Tangible fixed assets -€55,581
down €55,581 (-7.2%), from €776,956 to €721,375
of which Land and buildings: -€45,549
- Cash -€44,301
down €44,301 (-13.3%), from €332,235 to €287,934
mainly Debts after one year (-€211,968) and Current portion of long-term debt (-€49,706)
- Debts after one year -€211,968
no longer reported in 2025 (was €211,968)
- Reserves +€95,000
up €95,000 (+13.5%), from €703,567 to €798,567
- Current portion of long-term debt -€49,706
no longer reported in 2025 (was €49,706)
- Trade debts +€40,749
up €40,749 (+256.8%), from €15,870 to €56,618
- Gross operating margin -€57,755
down €57,755 (-8.6%), from €670,386 to €612,630
- Depreciation -€25,852
down €25,852 (-28.0%), from €92,247 to €66,396
- Staff costs -€10,073
down €10,073 (-3.0%), from €331,123 to €321,049
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 | €1,229,169 | €1,107,027 | -€122,142 | -9.9% |
| Fixed assets | 21/28 | €833,974 | €767,578 | -€66,396 | -8.0% |
| Intangible fixed assets | 21 | €57,018 | €46,204 | -€10,815 | -19.0% |
| Tangible fixed assets | 22/27 | €776,956 | €721,375 | -€55,581 | -7.2% |
| Land and buildings | 22 | €750,420 | €704,871 | -€45,549 | -6.1% |
| Furniture and vehicles | 24 | €26,536 | €16,504 | -€10,032 | -37.8% |
| Current assets | 29/58 | €395,195 | €339,449 | -€55,746 | -14.1% |
| Amounts receivable within one year | 40/41 | €62,960 | €51,515 | -€11,445 | -18.2% |
| Trade receivables | 40 | €784 | €10,482 | +€9,698 | +1237.2% |
| Other amounts receivable | 41 | €62,176 | €41,034 | -€21,143 | -34.0% |
| Cash at bank and in hand | 54/58 | €332,235 | €287,934 | -€44,301 | -13.3% |
| Total equity and liabilities | 10/49 | €1,229,169 | €1,107,027 | -€122,142 | -9.9% |
| Equity | 10/15 | €817,330 | €916,221 | +€98,891 | +12.1% |
| Contributions | 10/11 | €8,073 | €8,073 | = | 0.0% |
| Reserves | 13 | €703,567 | €798,567 | +€95,000 | +13.5% |
| Distributable reserves | 133 | €703,567 | €798,567 | +€95,000 | +13.5% |
| Profit (loss) carried forward | 14 | €105,690 | €109,580 | +€3,891 | +3.7% |
| Amounts payable | 17/49 | €411,839 | €190,807 | -€221,033 | -53.7% |
| Amounts payable after more than one year | 17 | €211,968 | - | -€211,968 | |
| Financial debts | 170/4 | €211,968 | - | -€211,968 | |
| Amounts payable within one year | 42/48 | €199,872 | €190,807 | -€9,065 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €49,706 | - | -€49,706 | |
| Trade debts | 44 | €15,870 | €56,618 | +€40,749 | +256.8% |
| Suppliers | 440/4 | €15,870 | €56,618 | +€40,749 | +256.8% |
| Taxes, remuneration and social security | 45 | €95,422 | €96,188 | +€767 | +0.8% |
| Taxes | 450/3 | €35,578 | €49,765 | +€14,187 | +39.9% |
| Remuneration and social security | 454/9 | €59,844 | €46,423 | -€13,420 | -22.4% |
| Other amounts payable | 47/48 | €38,875 | €38,000 | -€875 | -2.3% |
| Remuneration, social security and pensions | 62 | €331,123 | €321,049 | -€10,073 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,247 | €66,396 | -€25,852 | -28.0% |
| Other operating charges | 640/8 | €721 | €1,448 | +€727 | +100.8% |
| Gross operating margin | 9900 | €670,386 | €612,630 | -€57,755 | -8.6% |
| Operating profit (loss) | 9901 | €246,295 | €223,738 | -€22,557 | -9.2% |
| Financial income | 75/76B | €620 | €2,075 | +€1,455 | +234.4% |
| Recurring financial income | 75 | €620 | €2,075 | +€1,455 | +234.4% |
| Non-recurring financial income | 76B | €620 | - | -€620 | |
| Financial charges | 65/66B | €9,253 | €8,545 | -€708 | -7.7% |
| Recurring financial charges | 65 | €9,253 | €8,545 | -€708 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €237,662 | €217,268 | -€20,395 | -8.6% |
| Income taxes | 67/77 | €83,489 | €78,377 | -€5,112 | -6.1% |
| Profit (loss) for the period | 9904 | €154,173 | €138,891 | -€15,283 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €154,173 | €138,891 | -€15,283 | -9.9% |
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 11 October 2026 via checked.be.