BOULANGIER BART: 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.
BOULANGIER BART
Largest movements
- Receivables within one year -€370,386
down €370,386 (-98.8%), from €374,900 to €4,514
of which Other amounts receivable: -€370,580
- Tangible fixed assets -€59,077
down €59,077 (-5.9%), from €1.0m to €941,857
of which Land and buildings: -€53,048
- Current investments +€44,947
up €44,947 (+23.7%), from €189,795 to €234,741
- Other debts -€395,278
down €395,278 (-94.6%), from €417,984 to €22,706
- Reserves +€53,934
up €53,934 (+2.3%), from €2.3m to €2.4m
- Tax, wage and social debts -€45,199
down €45,199 (-66.0%), from €68,514 to €23,314
- Financial income -€560,198
down €560,198 (-94.5%), from €592,919 to €32,722
- Gross operating margin +€73,015
up €73,015 (+65.4%), from €111,647 to €184,661
- Taxes -€21,319
down €21,319 (-31.5%), from €67,601 to €46,282
- Other operating charges -€2,236
down €2,236 (-47.6%), from €4,697 to €2,461
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 | €2,923,225 | €2,530,159 | -€393,066 | -13.4% |
| Fixed assets | 21/28 | €2,283,118 | €2,224,041 | -€59,077 | -2.6% |
| Tangible fixed assets | 22/27 | €1,000,934 | €941,857 | -€59,077 | -5.9% |
| Land and buildings | 22 | €949,783 | €896,735 | -€53,048 | -5.6% |
| Plant, machinery and equipment | 23 | €42,858 | €41,566 | -€1,292 | -3.0% |
| Furniture and vehicles | 24 | €8,293 | €3,557 | -€4,737 | -57.1% |
| Financial fixed assets | 28 | €1,282,183 | €1,282,183 | = | 0.0% |
| Current assets | 29/58 | €640,108 | €306,119 | -€333,989 | -52.2% |
| Amounts receivable within one year | 40/41 | €374,900 | €4,514 | -€370,386 | -98.8% |
| Trade receivables | 40 | €3,845 | €4,039 | +€194 | +5.1% |
| Other amounts receivable | 41 | €371,055 | €475 | -€370,580 | -99.9% |
| Current investments | 50/53 | €189,795 | €234,741 | +€44,947 | +23.7% |
| Cash at bank and in hand | 54/58 | €72,144 | €63,557 | -€8,587 | -11.9% |
| Deferred charges and accrued income | 490/1 | €3,269 | €3,306 | +€37 | +1.1% |
| Total equity and liabilities | 10/49 | €2,923,225 | €2,530,159 | -€393,066 | -13.4% |
| Equity | 10/15 | €2,361,351 | €2,415,286 | +€53,934 | +2.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,331,351 | €2,385,286 | +€53,934 | +2.3% |
| Distributable reserves | 133 | €2,331,351 | €2,385,286 | +€53,934 | +2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €561,874 | €114,874 | -€447,000 | -79.6% |
| Amounts payable after more than one year | 17 | €60,166 | €47,310 | -€12,856 | -21.4% |
| Financial debts | 170/4 | €60,166 | €47,310 | -€12,856 | -21.4% |
| Amounts payable within one year | 42/48 | €501,708 | €66,363 | -€435,344 | -86.8% |
| Current portion of amounts payable after more than one year | 42 | €12,677 | €12,856 | +€179 | +1.4% |
| Trade debts | 44 | €2,533 | €7,487 | +€4,954 | +195.5% |
| Suppliers | 440/4 | €2,533 | €7,487 | +€4,954 | +195.5% |
| Taxes, remuneration and social security | 45 | €68,514 | €23,314 | -€45,199 | -66.0% |
| Taxes | 450/3 | €68,514 | €23,314 | -€45,199 | -66.0% |
| Other amounts payable | 47/48 | €417,984 | €22,706 | -€395,278 | -94.6% |
| Accrued charges and deferred income | 492/3 | €0 | €1,200 | +€1,200 | |
| Non-recurring operating income | 76A | €4,164 | €0 | -€4,164 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,915 | €81,127 | +€1,212 | +1.5% |
| Other operating charges | 640/8 | €4,697 | €2,461 | -€2,236 | -47.6% |
| Gross operating margin | 9900 | €111,647 | €184,661 | +€73,015 | +65.4% |
| Operating profit (loss) | 9901 | €27,035 | €101,074 | +€74,039 | +273.9% |
| Financial income | 75/76B | €592,919 | €32,722 | -€560,198 | -94.5% |
| Recurring financial income | 75 | €592,919 | €32,722 | -€560,198 | -94.5% |
| Financial charges | 65/66B | €4,773 | €4,049 | -€724 | -15.2% |
| Recurring financial charges | 65 | €4,773 | €4,049 | -€724 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €615,181 | €129,747 | -€485,434 | -78.9% |
| Income taxes | 67/77 | €67,601 | €46,282 | -€21,319 | -31.5% |
| Profit (loss) for the period | 9904 | €547,580 | €83,465 | -€464,115 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €547,580 | €83,465 | -€464,115 | -84.8% |
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 5 October 2026 via checked.be.