BOUGIE: 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.
BOUGIE
Largest movements
- Current investments -€29,852
down €29,852 (-55.1%), from €54,136 to €24,284
- Receivables within one year +€26,103
up €26,103 (+1,011%), from €2,583 to €28,685
of which Trade receivables: +€28,685
- Cash -€14,057
down €14,057 (-38.1%), from €36,929 to €22,872
mainly Receivables within one year (-€26,103) and Net result for the year (-€15,249)
- Tangible fixed assets +€2,602
up €2,602 (+399%), from €652 to €3,254
- Deferred charges and accrued income +€2,071
new in 2025: €2,071
- Profit (loss) carried forward -€15,249
down €15,249 (-20.8%), from -€73,242 to -€88,491
- Trade debts +€1,254
up €1,254 (+31.0%), from €4,045 to €5,300
- Gross operating margin +€42,151
up €42,151 (+59.1%), from -€71,327 to -€29,176
- Financial income +€16,195
new in 2025: €16,195
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 | €94,299 | €81,167 | -€13,132 | -13.9% |
| Fixed assets | 21/28 | €652 | €3,254 | +€2,602 | +399% |
| Tangible fixed assets | 22/27 | €652 | €3,254 | +€2,602 | +399% |
| Furniture and vehicles | 24 | €652 | €3,254 | +€2,602 | +399% |
| Current assets | 29/58 | €93,647 | €77,913 | -€15,734 | -16.8% |
| Amounts receivable within one year | 40/41 | €2,583 | €28,685 | +€26,103 | +1,011% |
| Trade receivables | 40 | - | €28,685 | +€28,685 | |
| Other amounts receivable | 41 | €2,583 | - | -€2,583 | |
| Current investments | 50/53 | €54,136 | €24,284 | -€29,852 | -55.1% |
| Cash at bank and in hand | 54/58 | €36,929 | €22,872 | -€14,057 | -38.1% |
| Deferred charges and accrued income | 490/1 | - | €2,071 | +€2,071 | |
| Total equity and liabilities | 10/49 | €94,299 | €81,167 | -€13,132 | -13.9% |
| Equity | 10/15 | €71,882 | €56,633 | -€15,249 | -21.2% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €143,874 | €143,874 | = | 0.0% |
| Distributable reserves | 133 | €143,874 | €143,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,242 | -€88,491 | -€15,249 | -20.8% |
| Amounts payable | 17/49 | €22,417 | €24,534 | +€2,116 | +9.4% |
| Amounts payable within one year | 42/48 | €22,217 | €24,334 | +€2,116 | +9.5% |
| Trade debts | 44 | €4,045 | €5,300 | +€1,254 | +31.0% |
| Suppliers | 440/4 | €4,045 | €5,300 | +€1,254 | +31.0% |
| Taxes, remuneration and social security | 45 | €9,182 | €9,278 | +€96 | +1.0% |
| Taxes | 450/3 | €6,913 | €7,009 | +€96 | +1.4% |
| Remuneration and social security | 454/9 | €2,269 | €2,269 | = | 0.0% |
| Other amounts payable | 47/48 | €8,990 | €9,756 | +€766 | +8.5% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €1,027 | +€569 | +124% |
| Other operating charges | 640/8 | - | €317 | +€317 | |
| Gross operating margin | 9900 | -€71,327 | -€29,176 | +€42,151 | +59.1% |
| Operating profit (loss) | 9901 | -€71,785 | -€30,521 | +€41,264 | +57.5% |
| Financial income | 75/76B | - | €16,195 | +€16,195 | |
| Recurring financial income | 75 | - | €16,195 | +€16,195 | |
| Financial charges | 65/66B | €1,251 | €664 | -€587 | -46.9% |
| Recurring financial charges | 65 | €1,251 | €664 | -€587 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | -€73,036 | -€14,990 | +€58,046 | +79.5% |
| Income taxes | 67/77 | €206 | €259 | +€53 | +25.7% |
| Profit (loss) for the period | 9904 | -€73,242 | -€15,249 | +€57,994 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,242 | -€15,249 | +€57,994 | +79.2% |
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 14 October 2026 via checked.be.