BougiGroup: 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.
BougiGroup
Largest movements
- Stocks and contracts +€92,323
up €92,323 (+60.7%), from €152,092 to €244,415
- Receivables within one year +€8,612
up €8,612 (+14.7%), from €58,624 to €67,236
of which Other amounts receivable: +€33,397
- Cash -€3,135
down €3,135 (-83.7%), from €3,747 to €612
mainly Stocks and contracts (-€92,323) and Receivables within one year (-€8,612)
- Reserves +€103,424
new in 2025: €103,424
- Profit (loss) carried forward -€62,531
no longer reported in 2025 (was €62,531)
- Short-term financial debts +€26,336
new in 2025: €26,336
of which Credit institutions: +€20,336
- Trade debts +€23,566
up €23,566 (+44.7%), from €52,739 to €76,306
- Tax, wage and social debts +€5,976
up €5,976 (+28.5%), from €20,979 to €26,956
- Gross operating margin -€50,303
down €50,303 (-50.5%), from €99,528 to €49,225
- Taxes -€4,604
down €4,604 (-29.2%), from €15,780 to €11,176
- Financial income +€4,439
up €4,439 (+83.3%), from €5,331 to €9,770
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 | €215,249 | €312,792 | +€97,543 | +45.3% |
| Fixed assets | 21/28 | €748 | €354 | -€394 | -52.7% |
| Tangible fixed assets | 22/27 | €748 | €354 | -€394 | -52.7% |
| Other tangible fixed assets | 26 | €748 | €354 | -€394 | -52.7% |
| Current assets | 29/58 | €214,501 | €312,439 | +€97,937 | +45.7% |
| Stocks and contracts in progress | 3 | €152,092 | €244,415 | +€92,323 | +60.7% |
| Stocks | 30/36 | €152,092 | €244,415 | +€92,323 | +60.7% |
| Amounts receivable within one year | 40/41 | €58,624 | €67,236 | +€8,612 | +14.7% |
| Trade receivables | 40 | €57,023 | €32,237 | -€24,785 | -43.5% |
| Other amounts receivable | 41 | €1,602 | €34,999 | +€33,397 | +2085.3% |
| Cash at bank and in hand | 54/58 | €3,747 | €612 | -€3,135 | -83.7% |
| Deferred charges and accrued income | 490/1 | €38 | €175 | +€137 | +364.2% |
| Total equity and liabilities | 10/49 | €215,249 | €312,792 | +€97,543 | +45.3% |
| Equity | 10/15 | €82,531 | €123,424 | +€40,894 | +49.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €103,424 | +€103,424 | |
| Distributable reserves | 133 | - | €103,424 | +€103,424 | |
| Profit (loss) carried forward | 14 | €62,531 | - | -€62,531 | |
| Amounts payable | 17/49 | €132,719 | €189,368 | +€56,649 | +42.7% |
| Amounts payable within one year | 42/48 | €130,313 | €182,090 | +€51,777 | +39.7% |
| Financial debts | 43 | - | €26,336 | +€26,336 | |
| Credit institutions | 430/8 | - | €20,336 | +€20,336 | |
| Other loans | 439 | - | €6,000 | +€6,000 | |
| Trade debts | 44 | €52,739 | €76,306 | +€23,566 | +44.7% |
| Suppliers | 440/4 | €52,739 | €76,306 | +€23,566 | +44.7% |
| Advances received on contracts in progress | 46 | €2,977 | - | -€2,977 | |
| Taxes, remuneration and social security | 45 | €20,979 | €26,956 | +€5,976 | +28.5% |
| Taxes | 450/3 | €20,979 | €26,956 | +€5,976 | +28.5% |
| Other amounts payable | 47/48 | €53,617 | €52,493 | -€1,125 | -2.1% |
| Accrued charges and deferred income | 492/3 | €2,405 | €7,278 | +€4,872 | +202.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €394 | = | 0.0% |
| Other operating charges | 640/8 | €259 | €1,176 | +€917 | +354.9% |
| Gross operating margin | 9900 | €99,528 | €49,225 | -€50,303 | -50.5% |
| Operating profit (loss) | 9901 | €98,875 | €47,655 | -€51,221 | -51.8% |
| Financial income | 75/76B | €5,331 | €9,770 | +€4,439 | +83.3% |
| Recurring financial income | 75 | €5,331 | €9,770 | +€4,439 | +83.3% |
| Financial charges | 65/66B | €4,644 | €5,355 | +€711 | +15.3% |
| Recurring financial charges | 65 | €4,644 | €5,355 | +€711 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €99,562 | €52,070 | -€47,492 | -47.7% |
| Income taxes | 67/77 | €15,780 | €11,176 | -€4,604 | -29.2% |
| Profit (loss) for the period | 9904 | €83,782 | €40,894 | -€42,888 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,782 | €40,894 | -€42,888 | -51.2% |
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 6 October 2026 via checked.be.