BOUGHAZ: 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.
BOUGHAZ
Largest movements
- Tangible fixed assets -€7,097
down €7,097 (-20.9%), from €33,897 to €26,800
- Cash +€586
up €586 (+3.4%), from €17,021 to €17,607
mainly Depreciation (+€6,700) and Tax, wage and social debts (+€1,250)
- Profit (loss) carried forward -€5,049
down €5,049 (-30.5%), from €16,575 to €11,526
- Other debts -€1,705
down €1,705 (-6.0%), from €28,615 to €26,910
- Tax, wage and social debts +€1,250
new in 2025: €1,250
- Trade debts -€740
down €740 (-85.7%), from €863 to €123
- Gross operating margin -€4,597
down €4,597 (-59.5%), from €7,725 to €3,128
- Turnover -€3,799
down €3,799 (-10.4%), from €36,547 to €32,748
- Other operating charges -€1,643
down €1,643 (-56.3%), from €2,921 to €1,278
- Depreciation +€1,194
up €1,194 (+21.7%), from €5,506 to €6,700
- Purchases and services +€798
up €798 (+2.8%), from €28,822 to €29,620
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 | €52,250 | €46,007 | -€6,243 | -11.9% |
| Fixed assets | 21/28 | €34,147 | €27,050 | -€7,097 | -20.8% |
| Tangible fixed assets | 22/27 | €33,897 | €26,800 | -€7,097 | -20.9% |
| Furniture and vehicles | 24 | €33,897 | €26,800 | -€7,097 | -20.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €18,103 | €18,957 | +€854 | +4.7% |
| Amounts receivable within one year | 40/41 | €631 | €902 | +€271 | +43.0% |
| Other amounts receivable | 41 | €631 | €902 | +€271 | +43.0% |
| Cash at bank and in hand | 54/58 | €17,021 | €17,607 | +€586 | +3.4% |
| Deferred charges and accrued income | 490/1 | €451 | €448 | -€3 | -0.7% |
| Total equity and liabilities | 10/49 | €52,250 | €46,007 | -€6,243 | -11.9% |
| Equity | 10/15 | €22,772 | €17,723 | -€5,049 | -22.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,575 | €11,526 | -€5,049 | -30.5% |
| Amounts payable | 17/49 | €29,478 | €28,283 | -€1,194 | -4.1% |
| Amounts payable within one year | 42/48 | €29,478 | €28,283 | -€1,194 | -4.1% |
| Trade debts | 44 | €863 | €123 | -€740 | -85.7% |
| Suppliers | 440/4 | €863 | €123 | -€740 | -85.7% |
| Taxes, remuneration and social security | 45 | - | €1,250 | +€1,250 | |
| Remuneration and social security | 454/9 | - | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €28,615 | €26,910 | -€1,705 | -6.0% |
| Turnover | 70 | €36,547 | €32,748 | -€3,799 | -10.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,822 | €29,620 | +€798 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,506 | €6,700 | +€1,194 | +21.7% |
| Other operating charges | 640/8 | €2,921 | €1,278 | -€1,643 | -56.3% |
| Non-recurring operating charges | 66A | €2,327 | - | -€2,327 | |
| Gross operating margin | 9900 | €7,725 | €3,128 | -€4,597 | -59.5% |
| Operating profit (loss) | 9901 | -€3,029 | -€4,849 | -€1,821 | -60.1% |
| Financial charges | 65/66B | €161 | €199 | +€38 | +23.7% |
| Recurring financial charges | 65 | €161 | €199 | +€38 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,190 | -€5,049 | -€1,859 | -58.3% |
| Profit (loss) for the period | 9904 | -€3,190 | -€5,049 | -€1,859 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,190 | -€5,049 | -€1,859 | -58.3% |
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 5 October 2026 via checked.be.