Bougo: 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.
Bougo
Largest movements
- Current investments -€100,117
no longer reported in 2025 (was €100,117)
- Cash +€61,743
up €61,743 (+176%), from €35,046 to €96,789
mainly Current investments (+€100,117) and Net result for the year (+€71,137)
- Receivables within one year -€22,140
no longer reported in 2025 (was €22,140)
of which Trade receivables: -€21,780
- Debts after one year -€75,111
no longer reported in 2025 (was €75,111)
- Reserves +€71,138
up €71,138 (+24.0%), from €296,259 to €367,397
- Current portion of long-term debt -€55,368
down €55,368 (-95.1%), from €58,246 to €2,878
- Tax, wage and social debts -€7,479
down €7,479 (-27.8%), from €26,940 to €19,461
of which Taxes: -€10,698
- Taxes +€14,676
up €14,676 (+67.9%), from €21,601 to €36,277
- Gross operating margin +€11,412
up €11,412 (+9.5%), from €120,246 to €131,658
- Financial charges -€1,490
down €1,490 (-38.3%), from €3,894 to €2,404
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 | €468,774 | €405,366 | -€63,408 | -13.5% |
| Fixed assets | 21/28 | €309,744 | €308,024 | -€1,720 | -0.6% |
| Tangible fixed assets | 22/27 | €309,744 | €308,024 | -€1,720 | -0.6% |
| Land and buildings | 22 | €256,961 | €249,936 | -€7,025 | -2.7% |
| Plant, machinery and equipment | 23 | - | €7,438 | +€7,438 | |
| Furniture and vehicles | 24 | €52,783 | €50,651 | -€2,132 | -4.0% |
| Current assets | 29/58 | €159,030 | €97,341 | -€61,689 | -38.8% |
| Amounts receivable within one year | 40/41 | €22,140 | - | -€22,140 | |
| Trade receivables | 40 | €21,780 | - | -€21,780 | |
| Other amounts receivable | 41 | €360 | - | -€360 | |
| Current investments | 50/53 | €100,117 | - | -€100,117 | |
| Cash at bank and in hand | 54/58 | €35,046 | €96,789 | +€61,743 | +176% |
| Deferred charges and accrued income | 490/1 | €1,727 | €552 | -€1,175 | -68.0% |
| Total equity and liabilities | 10/49 | €468,774 | €405,366 | -€63,408 | -13.5% |
| Equity | 10/15 | €297,259 | €368,397 | +€71,138 | +23.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €296,259 | €367,397 | +€71,138 | +24.0% |
| Distributable reserves | 133 | €296,259 | €367,397 | +€71,138 | +24.0% |
| Amounts payable | 17/49 | €171,515 | €36,969 | -€134,546 | -78.4% |
| Amounts payable after more than one year | 17 | €75,111 | - | -€75,111 | |
| Financial debts | 170/4 | €75,111 | - | -€75,111 | |
| Amounts payable within one year | 42/48 | €96,404 | €36,969 | -€59,435 | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €58,246 | €2,878 | -€55,368 | -95.1% |
| Trade debts | 44 | €517 | €2,231 | +€1,714 | +331% |
| Suppliers | 440/4 | €517 | €2,231 | +€1,714 | +331% |
| Taxes, remuneration and social security | 45 | €26,940 | €19,461 | -€7,479 | -27.8% |
| Taxes | 450/3 | €26,940 | €16,242 | -€10,698 | -39.7% |
| Remuneration and social security | 454/9 | - | €3,219 | +€3,219 | |
| Other amounts payable | 47/48 | €10,701 | €12,399 | +€1,698 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,656 | €20,737 | +€81 | +0.4% |
| Other operating charges | 640/8 | €1,905 | €1,720 | -€185 | -9.7% |
| Gross operating margin | 9900 | €120,246 | €131,658 | +€11,412 | +9.5% |
| Operating profit (loss) | 9901 | €97,685 | €109,201 | +€11,516 | +11.8% |
| Financial income | 75/76B | €680 | €618 | -€62 | -9.1% |
| Recurring financial income | 75 | €680 | €618 | -€62 | -9.1% |
| Financial charges | 65/66B | €3,894 | €2,404 | -€1,490 | -38.3% |
| Recurring financial charges | 65 | €3,894 | €2,404 | -€1,490 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €94,471 | €107,415 | +€12,944 | +13.7% |
| Income taxes | 67/77 | €21,601 | €36,277 | +€14,676 | +67.9% |
| Profit (loss) for the period | 9904 | €72,870 | €71,137 | -€1,733 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,870 | €71,137 | -€1,733 | -2.4% |
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 26 October 2026 via checked.be.