Boukè: 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.
Boukè
Largest movements
- Tangible fixed assets -€302,909
down €302,909 (-30.6%), from €990,333 to €687,424
- Receivables within one year -€194,396
down €194,396 (-39.6%), from €490,932 to €296,537
of which Trade receivables: -€148,118
- Cash +€186,222
up €186,222 (+66.0%), from €282,291 to €468,513
mainly Depreciation (+€391,086) and Receivables within one year (+€194,396)
- Intangible fixed assets -€45,031
down €45,031 (-37.2%), from €121,022 to €75,991
- Trade debts -€124,938
down €124,938 (-40.0%), from €312,291 to €187,353
- Debts after one year -€109,535
down €109,535 (-68.4%), from €160,118 to €50,582
- Investment grants -€107,264
down €107,264 (-25.2%), from €426,318 to €319,054
- Current portion of long-term debt -€58,447
down €58,447 (-34.8%), from €167,983 to €109,535
- Tax, wage and social debts +€35,046
up €35,046 (+7.2%), from €483,786 to €518,833
of which Remuneration and social security: +€24,827
- Gross operating margin +€69,452
up €69,452 (+2.2%), from €3.2m to €3.3m
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 | €1,935,325 | €1,565,077 | -€370,248 | -19.1% |
| Fixed assets | 21/28 | €1,112,125 | €764,185 | -€347,941 | -31.3% |
| Intangible fixed assets | 21 | €121,022 | €75,991 | -€45,031 | -37.2% |
| Tangible fixed assets | 22/27 | €990,333 | €687,424 | -€302,909 | -30.6% |
| Land and buildings | 22 | €663,730 | €533,793 | -€129,937 | -19.6% |
| Plant, machinery and equipment | 23 | €260,144 | €124,227 | -€135,917 | -52.2% |
| Furniture and vehicles | 24 | €66,459 | €29,404 | -€37,055 | -55.8% |
| Financial fixed assets | 28 | €770 | €770 | = | 0.0% |
| Current assets | 29/58 | €823,199 | €800,892 | -€22,307 | -2.7% |
| Amounts receivable within one year | 40/41 | €490,932 | €296,537 | -€194,396 | -39.6% |
| Trade receivables | 40 | €410,914 | €262,796 | -€148,118 | -36.0% |
| Other amounts receivable | 41 | €80,019 | €33,741 | -€46,278 | -57.8% |
| Cash at bank and in hand | 54/58 | €282,291 | €468,513 | +€186,222 | +66.0% |
| Deferred charges and accrued income | 490/1 | €49,976 | €35,843 | -€14,133 | -28.3% |
| Total equity and liabilities | 10/49 | €1,935,325 | €1,565,077 | -€370,248 | -19.1% |
| Equity | 10/15 | €725,820 | €627,534 | -€98,286 | -13.5% |
| Profit (loss) carried forward | 14 | €299,502 | €308,480 | +€8,978 | +3.0% |
| Investment grants | 15 | €426,318 | €319,054 | -€107,264 | -25.2% |
| Provisions and deferred taxes | 16 | - | €17,536 | +€17,536 | |
| Provisions for liabilities and charges | 160/5 | - | €17,536 | +€17,536 | |
| Other liabilities and charges | 164/5 | - | €17,536 | +€17,536 | |
| Amounts payable | 17/49 | €1,209,505 | €920,006 | -€289,498 | -23.9% |
| Amounts payable after more than one year | 17 | €160,118 | €50,582 | -€109,535 | -68.4% |
| Financial debts | 170/4 | €160,118 | €50,582 | -€109,535 | -68.4% |
| Amounts payable within one year | 42/48 | €964,060 | €815,721 | -€148,339 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €167,983 | €109,535 | -€58,447 | -34.8% |
| Trade debts | 44 | €312,291 | €187,353 | -€124,938 | -40.0% |
| Suppliers | 440/4 | €312,291 | €187,353 | -€124,938 | -40.0% |
| Taxes, remuneration and social security | 45 | €483,786 | €518,833 | +€35,046 | +7.2% |
| Taxes | 450/3 | €94,267 | €104,486 | +€10,219 | +10.8% |
| Remuneration and social security | 454/9 | €389,519 | €414,346 | +€24,827 | +6.4% |
| Accrued charges and deferred income | 492/3 | €85,327 | €53,703 | -€31,624 | -37.1% |
| Remuneration, social security and pensions | 62 | €2,855,192 | €2,823,475 | -€31,717 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412,306 | €391,086 | -€21,220 | -5.1% |
| Other operating charges | 640/8 | €22,641 | €16,361 | -€6,281 | -27.7% |
| Non-recurring operating charges | 66A | - | €17,536 | +€17,536 | |
| Gross operating margin | 9900 | €3,190,484 | €3,259,936 | +€69,452 | +2.2% |
| Operating profit (loss) | 9901 | -€99,656 | €11,478 | +€111,134 | |
| Financial income | 75/76B | €1,217 | €1,073 | -€144 | -11.8% |
| Recurring financial income | 75 | €1,217 | €1,073 | -€144 | -11.8% |
| Financial charges | 65/66B | €4,438 | €3,129 | -€1,309 | -29.5% |
| Recurring financial charges | 65 | €4,438 | €3,129 | -€1,309 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€102,877 | €9,422 | +€112,299 | |
| Income taxes | 67/77 | €1,160 | €444 | -€717 | -61.8% |
| Profit (loss) for the period | 9904 | -€104,038 | €8,978 | +€113,015 | |
| Profit (loss) for the period to be appropriated | 9905 | -€104,038 | €8,978 | +€113,015 |
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 2 October 2026 via checked.be.