Bouillon Herkules: 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.
Bouillon Herkules
Largest movements
- Tangible fixed assets +€22,963
up €22,963 (+12,100%), from €190 to €23,153
of which Furniture and vehicles: +€22,458
- Stocks and contracts -€7,763
down €7,763 (-24.2%), from €32,106 to €24,343
- Receivables within one year +€5,262
up €5,262 (+120%), from €4,369 to €9,630
of which Other amounts receivable: +€3,719
- Intangible fixed assets -€3,723
down €3,723 (-49.8%), from €7,471 to €3,748
- Debts after one year +€18,625
new in 2025: €18,625
- Other debts -€11,892
down €11,892 (-19.2%), from €62,006 to €50,114
- Profit (loss) carried forward +€6,472
up €6,472 (+22.7%), from -€28,497 to -€22,025
- Current portion of long-term debt +€4,313
new in 2025: €4,313
- Tax, wage and social debts -€1,196
down €1,196 (-97.8%), from €1,223 to €27
- Gross operating margin -€1,336
down €1,336 (-10.2%), from €13,032 to €11,697
- Depreciation +€684
up €684 (+15.3%), from €4,457 to €5,141
- Financial income -€294
down €294 (-31.0%), from €949 to €655
- Financial charges +€194
up €194 (+58.7%), from €331 to €524
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 | €56,733 | €74,058 | +€17,325 | +30.5% |
| Fixed assets | 21/28 | €7,746 | €26,985 | +€19,240 | +248% |
| Intangible fixed assets | 21 | €7,471 | €3,748 | -€3,723 | -49.8% |
| Tangible fixed assets | 22/27 | €190 | €23,153 | +€22,963 | +12,100% |
| Plant, machinery and equipment | 23 | €190 | €695 | +€505 | +266% |
| Furniture and vehicles | 24 | - | €22,458 | +€22,458 | |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €48,987 | €47,073 | -€1,915 | -3.9% |
| Stocks and contracts in progress | 3 | €32,106 | €24,343 | -€7,763 | -24.2% |
| Stocks | 30/36 | €32,106 | €24,343 | -€7,763 | -24.2% |
| Amounts receivable within one year | 40/41 | €4,369 | €9,630 | +€5,262 | +120% |
| Trade receivables | 40 | €4,339 | €5,881 | +€1,543 | +35.6% |
| Other amounts receivable | 41 | €30 | €3,749 | +€3,719 | +12,497% |
| Cash at bank and in hand | 54/58 | €12,399 | €13,100 | +€701 | +5.7% |
| Deferred charges and accrued income | 490/1 | €114 | - | -€114 | |
| Total equity and liabilities | 10/49 | €56,733 | €74,058 | +€17,325 | +30.5% |
| Equity | 10/15 | -€8,037 | -€1,565 | +€6,472 | +80.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,497 | -€22,025 | +€6,472 | +22.7% |
| Amounts payable | 17/49 | €64,770 | €75,623 | +€10,853 | +16.8% |
| Amounts payable after more than one year | 17 | - | €18,625 | +€18,625 | |
| Financial debts | 170/4 | - | €18,625 | +€18,625 | |
| Amounts payable within one year | 42/48 | €64,770 | €56,998 | -€7,772 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,313 | +€4,313 | |
| Trade debts | 44 | €1,541 | €2,544 | +€1,003 | +65.1% |
| Suppliers | 440/4 | €1,541 | €2,544 | +€1,003 | +65.1% |
| Taxes, remuneration and social security | 45 | €1,223 | €27 | -€1,196 | -97.8% |
| Taxes | 450/3 | €1,223 | €27 | -€1,196 | -97.8% |
| Other amounts payable | 47/48 | €62,006 | €50,114 | -€11,892 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,457 | €5,141 | +€684 | +15.3% |
| Other operating charges | 640/8 | €158 | €214 | +€56 | +35.3% |
| Gross operating margin | 9900 | €13,032 | €11,697 | -€1,336 | -10.2% |
| Operating profit (loss) | 9901 | €8,418 | €6,342 | -€2,076 | -24.7% |
| Financial income | 75/76B | €949 | €655 | -€294 | -31.0% |
| Recurring financial income | 75 | €949 | €655 | -€294 | -31.0% |
| Financial charges | 65/66B | €331 | €524 | +€194 | +58.7% |
| Recurring financial charges | 65 | €331 | €524 | +€194 | +58.7% |
| Profit (loss) for the period before taxes | 9903 | €9,036 | €6,472 | -€2,564 | -28.4% |
| Profit (loss) for the period | 9904 | €9,036 | €6,472 | -€2,564 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,036 | €6,472 | -€2,564 | -28.4% |
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 31 October 2026 via checked.be.