Bouly & Piron: what changed
Bouly & Piron
Largest movements
- Tangible fixed assets +€29,087
new in 2025: €29,087
- Cash -€9,659
down €9,659 (-85.5%), from €11,298 to €1,639
mainly Investment in fixed assets (net) (-€32,700) and Receivables within one year (-€5,089)
- Receivables within one year +€5,089
up €5,089 (+68.4%), from €7,436 to €12,525
of which Other amounts receivable: +€5,530
- Other debts +€27,058
up €27,058 (+362%), from €7,471 to €34,529
- Profit (loss) carried forward -€1,859
new in 2025: -€1,859
- Trade debts -€1,164
down €1,164 (-62.7%), from €1,856 to €692
- Tax, wage and social debts +€789
new in 2025: €789
- Gross operating margin -€13,183
down €13,183 (-87.2%), from €15,119 to €1,936
- Depreciation +€3,434
up €3,434 (+1,918%), from €179 to €3,613
- Taxes -€3,113
down €3,113 (-97.7%), from €3,185 to €72
- Other operating charges -€153
down €153 (-30.7%), from €498 to €345
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,734 | €43,251 | +€24,517 | +131% |
| Fixed assets | 21/28 | - | €29,087 | +€29,087 | |
| Tangible fixed assets | 22/27 | - | €29,087 | +€29,087 | |
| Furniture and vehicles | 24 | - | €29,087 | +€29,087 | |
| Current assets | 29/58 | €18,734 | €14,164 | -€4,570 | -24.4% |
| Amounts receivable within one year | 40/41 | €7,436 | €12,525 | +€5,089 | +68.4% |
| Trade receivables | 40 | €3,149 | €2,707 | -€441 | -14.0% |
| Other amounts receivable | 41 | €4,287 | €9,817 | +€5,530 | +129% |
| Cash at bank and in hand | 54/58 | €11,298 | €1,639 | -€9,659 | -85.5% |
| Total equity and liabilities | 10/49 | €18,734 | €43,251 | +€24,517 | +131% |
| Equity | 10/15 | €9,407 | €7,241 | -€2,166 | -23.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,307 | €9,000 | -€307 | -3.3% |
| Distributable reserves | 133 | €9,307 | €9,000 | -€307 | -3.3% |
| Profit (loss) carried forward | 14 | - | -€1,859 | -€1,859 | |
| Amounts payable | 17/49 | €9,327 | €36,010 | +€26,683 | +286% |
| Amounts payable within one year | 42/48 | €9,327 | €36,010 | +€26,683 | +286% |
| Trade debts | 44 | €1,856 | €692 | -€1,164 | -62.7% |
| Suppliers | 440/4 | €1,856 | €692 | -€1,164 | -62.7% |
| Taxes, remuneration and social security | 45 | - | €789 | +€789 | |
| Taxes | 450/3 | - | €789 | +€789 | |
| Other amounts payable | 47/48 | €7,471 | €34,529 | +€27,058 | +362% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179 | €3,613 | +€3,434 | +1,918% |
| Other operating charges | 640/8 | €498 | €345 | -€153 | -30.7% |
| Gross operating margin | 9900 | €15,119 | €1,936 | -€13,183 | -87.2% |
| Operating profit (loss) | 9901 | €14,442 | -€2,022 | -€16,464 | |
| Financial charges | 65/66B | €59 | €72 | +€13 | +23.0% |
| Recurring financial charges | 65 | €59 | €72 | +€13 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €14,383 | -€2,094 | -€16,478 | |
| Income taxes | 67/77 | €3,185 | €72 | -€3,113 | -97.7% |
| Profit (loss) for the period | 9904 | €11,199 | -€2,166 | -€13,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,199 | -€2,166 | -€13,365 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.