BOUGY EXPRESS: 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.
BOUGY EXPRESS
Largest movements
- Receivables within one year +€32,717
up €32,717 (+83.2%), from €39,336 to €72,053
of which Trade receivables: +€34,988
- Tangible fixed assets -€25,972
down €25,972 (-97.9%), from €26,536 to €563
- Cash +€5,863
up €5,863 (+53.5%), from €10,966 to €16,829
mainly Investment in fixed assets (net) (+€25,710) and Trade debts (+€21,232)
- Deferred charges and accrued income -€1,087
down €1,087 (-53.4%), from €2,034 to €947
- Trade debts +€21,232
up €21,232 (+1,422%), from €1,493 to €22,725
- Debts after one year -€8,060
down €8,060 (-69.6%), from €11,587 to €3,527
- Tax, wage and social debts +€3,962
up €3,962 (+23.4%), from €16,922 to €20,884
of which Taxes: +€4,212
- Profit (loss) carried forward -€3,557
down €3,557 (-30.3%), from €11,724 to €8,168
- Other debts -€2,595
down €2,595 (-8.5%), from €30,564 to €27,969
- Gross operating margin -€32,921
down €32,921 (-69.9%), from €47,121 to €14,199
- Depreciation -€7,719
down €7,719 (-96.7%), from €7,981 to €262
- Taxes -€6,680
down €6,680 (-60.8%), from €10,987 to €4,306
- Financial charges -€525
down €525 (-29.9%), from €1,756 to €1,230
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 | €87,871 | €99,393 | +€11,522 | +13.1% |
| Fixed assets | 21/28 | €35,536 | €9,563 | -€25,972 | -73.1% |
| Tangible fixed assets | 22/27 | €26,536 | €563 | -€25,972 | -97.9% |
| Furniture and vehicles | 24 | €26,536 | €563 | -€25,972 | -97.9% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €52,336 | €89,830 | +€37,494 | +71.6% |
| Amounts receivable within one year | 40/41 | €39,336 | €72,053 | +€32,717 | +83.2% |
| Trade receivables | 40 | €35,893 | €70,880 | +€34,988 | +97.5% |
| Other amounts receivable | 41 | €3,443 | €1,173 | -€2,271 | -65.9% |
| Cash at bank and in hand | 54/58 | €10,966 | €16,829 | +€5,863 | +53.5% |
| Deferred charges and accrued income | 490/1 | €2,034 | €947 | -€1,087 | -53.4% |
| Total equity and liabilities | 10/49 | €87,871 | €99,393 | +€11,522 | +13.1% |
| Equity | 10/15 | €19,784 | €16,228 | -€3,557 | -18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,724 | €8,168 | -€3,557 | -30.3% |
| Amounts payable | 17/49 | €68,087 | €83,165 | +€15,079 | +22.1% |
| Amounts payable after more than one year | 17 | €11,587 | €3,527 | -€8,060 | -69.6% |
| Financial debts | 170/4 | €11,587 | €3,527 | -€8,060 | -69.6% |
| Amounts payable within one year | 42/48 | €56,500 | €79,639 | +€23,139 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €7,521 | €8,060 | +€539 | +7.2% |
| Trade debts | 44 | €1,493 | €22,725 | +€21,232 | +1,422% |
| Suppliers | 440/4 | €1,493 | €22,725 | +€21,232 | +1,422% |
| Taxes, remuneration and social security | 45 | €16,922 | €20,884 | +€3,962 | +23.4% |
| Taxes | 450/3 | €12,222 | €16,434 | +€4,212 | +34.5% |
| Remuneration and social security | 454/9 | €4,700 | €4,450 | -€250 | -5.3% |
| Other amounts payable | 47/48 | €30,564 | €27,969 | -€2,595 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,981 | €262 | -€7,719 | -96.7% |
| Other operating charges | 640/8 | €732 | €550 | -€182 | -24.9% |
| Non-recurring operating charges | 66A | €3,812 | €11,407 | +€7,596 | +199% |
| Gross operating margin | 9900 | €47,121 | €14,199 | -€32,921 | -69.9% |
| Operating profit (loss) | 9901 | €34,596 | €1,980 | -€32,617 | -94.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,756 | €1,230 | -€525 | -29.9% |
| Recurring financial charges | 65 | €1,756 | €1,230 | -€525 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €32,840 | €749 | -€32,091 | -97.7% |
| Income taxes | 67/77 | €10,987 | €4,306 | -€6,680 | -60.8% |
| Profit (loss) for the period | 9904 | €21,854 | -€3,557 | -€25,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,854 | -€3,557 | -€25,411 |
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 23 October 2026 via checked.be.