BOUKAGRO: 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.
BOUKAGRO
Largest movements
- Receivables within one year -€260,930
down €260,930 (-68.6%), from €380,556 to €119,626
of which Trade receivables: -€272,313
- Tangible fixed assets +€122,836
up €122,836 (+26.7%), from €459,664 to €582,500
of which Plant, machinery and equipment: +€251,059
- Cash +€93,423
up €93,423 (+99.3%), from €94,093 to €187,516
mainly Receivables within one year (+€260,930) and Depreciation (+€149,086)
- Stocks and contracts -€12,900
down €12,900 (-100.0%), from €12,900 to €0
- Trade debts -€146,884
down €146,884 (-65.7%), from €223,525 to €76,641
- Reserves +€38,775
up €38,775 (+16.1%), from €241,469 to €280,244
- Current portion of long-term debt +€31,027
up €31,027 (+30.9%), from €100,420 to €131,446
- Tax, wage and social debts +€10,488
up €10,488 (+170.9%), from €6,137 to €16,626
of which Taxes: +€16,585
- Staff costs -€65,591
down €65,591 (-96.0%), from €68,310 to €2,720
- Gross operating margin -€44,135
down €44,135 (-16.2%), from €271,743 to €227,609
- Depreciation +€41,555
up €41,555 (+38.6%), from €107,530 to €149,086
- Financial charges +€15,976
up €15,976 (+419.0%), from €3,813 to €19,790
- Taxes +€13,821
up €13,821 (+33907.0%), from €41 to €13,861
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 | €954,715 | €897,721 | -€56,994 | -6.0% |
| Fixed assets | 21/28 | €460,204 | €583,040 | +€122,836 | +26.7% |
| Tangible fixed assets | 22/27 | €459,664 | €582,500 | +€122,836 | +26.7% |
| Land and buildings | 22 | €51,986 | €46,119 | -€5,866 | -11.3% |
| Plant, machinery and equipment | 23 | €158,927 | €409,986 | +€251,059 | +158.0% |
| Furniture and vehicles | 24 | €186,567 | €84,070 | -€102,497 | -54.9% |
| Leasing and similar rights | 25 | €62,185 | €42,325 | -€19,860 | -31.9% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €494,511 | €314,681 | -€179,830 | -36.4% |
| Stocks and contracts in progress | 3 | €12,900 | €0 | -€12,900 | -100.0% |
| Stocks | 30/36 | €12,900 | €0 | -€12,900 | -100.0% |
| Amounts receivable within one year | 40/41 | €380,556 | €119,626 | -€260,930 | -68.6% |
| Trade receivables | 40 | €359,038 | €86,724 | -€272,313 | -75.8% |
| Other amounts receivable | 41 | €21,518 | €32,902 | +€11,384 | +52.9% |
| Cash at bank and in hand | 54/58 | €94,093 | €187,516 | +€93,423 | +99.3% |
| Deferred charges and accrued income | 490/1 | €6,962 | €7,539 | +€577 | +8.3% |
| Total equity and liabilities | 10/49 | €954,715 | €897,721 | -€56,994 | -6.0% |
| Equity | 10/15 | €260,069 | €298,844 | +€38,775 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,469 | €280,244 | +€38,775 | +16.1% |
| Distributable reserves | 133 | €241,469 | €280,244 | +€38,775 | +16.1% |
| Amounts payable | 17/49 | €694,646 | €598,877 | -€95,769 | -13.8% |
| Amounts payable after more than one year | 17 | €234,213 | €237,379 | +€3,165 | +1.4% |
| Financial debts | 170/4 | €234,213 | €237,379 | +€3,165 | +1.4% |
| Amounts payable within one year | 42/48 | €460,433 | €361,499 | -€98,934 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €100,420 | €131,446 | +€31,027 | +30.9% |
| Financial debts | 43 | €381 | €256 | -€125 | -32.7% |
| Credit institutions | 430/8 | €381 | €256 | -€125 | -32.7% |
| Trade debts | 44 | €223,525 | €76,641 | -€146,884 | -65.7% |
| Suppliers | 440/4 | €223,525 | €76,641 | -€146,884 | -65.7% |
| Taxes, remuneration and social security | 45 | €6,137 | €16,626 | +€10,488 | +170.9% |
| Taxes | 450/3 | €41 | €16,626 | +€16,585 | +40688.9% |
| Remuneration and social security | 454/9 | €6,097 | €0 | -€6,097 | -100.0% |
| Other amounts payable | 47/48 | €129,969 | €136,529 | +€6,560 | +5.0% |
| Non-recurring operating income | 76A | €13,500 | €42,000 | +€28,500 | +211.1% |
| Remuneration, social security and pensions | 62 | €68,310 | €2,720 | -€65,591 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,530 | €149,086 | +€41,555 | +38.6% |
| Other operating charges | 640/8 | €3,706 | €4,118 | +€412 | +11.1% |
| Gross operating margin | 9900 | €271,743 | €227,609 | -€44,135 | -16.2% |
| Operating profit (loss) | 9901 | €92,196 | €71,685 | -€20,511 | -22.2% |
| Financial income | 75/76B | €348 | €741 | +€393 | +112.9% |
| Recurring financial income | 75 | €348 | €741 | +€393 | +112.9% |
| Financial charges | 65/66B | €3,813 | €19,790 | +€15,976 | +419.0% |
| Recurring financial charges | 65 | €3,813 | €19,790 | +€15,976 | +419.0% |
| Profit (loss) for the period before taxes | 9903 | €88,731 | €52,636 | -€36,095 | -40.7% |
| Income taxes | 67/77 | €41 | €13,861 | +€13,821 | +33907.0% |
| Profit (loss) for the period | 9904 | €88,690 | €38,775 | -€49,915 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,690 | €38,775 | -€49,915 | -56.3% |
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 7 October 2026 via checked.be.