BOUHER: 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.
BOUHER
Largest movements
- Cash +€123,114
up €123,114 (+118%), from €104,103 to €227,217
mainly Net result for the year (+€139,427) and Depreciation (+€83,241)
- Current investments +€49,690
up €49,690 (+25.4%), from €195,976 to €245,666
- Intangible fixed assets -€37,500
down €37,500 (-31.4%), from €119,435 to €81,935
- Tangible fixed assets -€35,331
down €35,331 (-21.9%), from €161,485 to €126,154
of which Furniture and vehicles: -€20,106
- Receivables within one year -€7,327
down €7,327 (-72.1%), from €10,155 to €2,828
of which Other amounts receivable: -€7,698
- Reserves +€139,427
up €139,427 (+36.5%), from €382,272 to €521,699
of which Distributable reserves: +€139,427
- Debts after one year -€38,035
down €38,035 (-100%), from €38,035 to €0
- Current portion of long-term debt -€25,645
down €25,645 (-40.3%), from €63,680 to €38,035
- Tax, wage and social debts +€8,554
up €8,554 (+26.8%), from €31,905 to €40,460
of which Taxes: +€8,647
- Accrued charges and deferred income +€8,246
up €8,246 (+15.1%), from €54,433 to €62,679
- Gross operating margin +€39,676
up €39,676 (+12.6%), from €314,733 to €354,409
- Staff costs -€25,039
down €25,039 (-26.1%), from €96,115 to €71,077
- Taxes +€17,794
up €17,794 (+42.2%), from €42,116 to €59,910
- Depreciation +€6,223
up €6,223 (+8.1%), from €77,018 to €83,241
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 | €609,762 | €698,229 | +€88,467 | +14.5% |
| Fixed assets | 21/28 | €280,920 | €208,089 | -€72,831 | -25.9% |
| Intangible fixed assets | 21 | €119,435 | €81,935 | -€37,500 | -31.4% |
| Tangible fixed assets | 22/27 | €161,485 | €126,154 | -€35,331 | -21.9% |
| Plant, machinery and equipment | 23 | €30,048 | €29,222 | -€826 | -2.7% |
| Furniture and vehicles | 24 | €59,584 | €39,478 | -€20,106 | -33.7% |
| Other tangible fixed assets | 26 | €71,852 | €57,454 | -€14,399 | -20.0% |
| Current assets | 29/58 | €328,843 | €490,140 | +€161,297 | +49.1% |
| Stocks and contracts in progress | 3 | €9,720 | €7,345 | -€2,375 | -24.4% |
| Stocks | 30/36 | €9,720 | €7,345 | -€2,375 | -24.4% |
| Amounts receivable within one year | 40/41 | €10,155 | €2,828 | -€7,327 | -72.1% |
| Trade receivables | 40 | €1,641 | €2,013 | +€372 | +22.7% |
| Other amounts receivable | 41 | €8,514 | €815 | -€7,698 | -90.4% |
| Current investments | 50/53 | €195,976 | €245,666 | +€49,690 | +25.4% |
| Cash at bank and in hand | 54/58 | €104,103 | €227,217 | +€123,114 | +118% |
| Deferred charges and accrued income | 490/1 | €8,889 | €7,084 | -€1,805 | -20.3% |
| Total equity and liabilities | 10/49 | €609,762 | €698,229 | +€88,467 | +14.5% |
| Equity | 10/15 | €400,872 | €540,299 | +€139,427 | +34.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €382,272 | €521,699 | +€139,427 | +36.5% |
| Non-distributable reserves | 130/1 | €1,262 | €1,262 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,262 | €1,262 | = | 0.0% |
| Distributable reserves | 133 | €381,010 | €520,437 | +€139,427 | +36.6% |
| Amounts payable | 17/49 | €208,890 | €157,930 | -€50,960 | -24.4% |
| Amounts payable after more than one year | 17 | €38,035 | €0 | -€38,035 | -100% |
| Financial debts | 170/4 | €38,035 | €0 | -€38,035 | -100% |
| Amounts payable within one year | 42/48 | €116,422 | €95,251 | -€21,171 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €63,680 | €38,035 | -€25,645 | -40.3% |
| Trade debts | 44 | €12,091 | €8,452 | -€3,639 | -30.1% |
| Suppliers | 440/4 | €12,091 | €8,452 | -€3,639 | -30.1% |
| Taxes, remuneration and social security | 45 | €31,905 | €40,460 | +€8,554 | +26.8% |
| Taxes | 450/3 | €24,053 | €32,700 | +€8,647 | +35.9% |
| Remuneration and social security | 454/9 | €7,852 | €7,759 | -€93 | -1.2% |
| Other amounts payable | 47/48 | €8,746 | €8,305 | -€441 | -5.0% |
| Accrued charges and deferred income | 492/3 | €54,433 | €62,679 | +€8,246 | +15.1% |
| Remuneration, social security and pensions | 62 | €96,115 | €71,077 | -€25,039 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,018 | €83,241 | +€6,223 | +8.1% |
| Other operating charges | 640/8 | €1,505 | €1,604 | +€98 | +6.5% |
| Non-recurring operating charges | 66A | €19 | €0 | -€19 | -100% |
| Gross operating margin | 9900 | €314,733 | €354,409 | +€39,676 | +12.6% |
| Operating profit (loss) | 9901 | €140,076 | €198,488 | +€58,412 | +41.7% |
| Financial income | 75/76B | €3,376 | €5,562 | +€2,186 | +64.7% |
| Recurring financial income | 75 | €3,376 | €5,562 | +€2,186 | +64.7% |
| Financial charges | 65/66B | €6,120 | €4,713 | -€1,407 | -23.0% |
| Recurring financial charges | 65 | €6,120 | €4,713 | -€1,407 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €137,332 | €199,337 | +€62,005 | +45.1% |
| Income taxes | 67/77 | €42,116 | €59,910 | +€17,794 | +42.2% |
| Profit (loss) for the period | 9904 | €95,216 | €139,427 | +€44,211 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,216 | €139,427 | +€44,211 | +46.4% |
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 15 October 2026 via checked.be.