BOUMAX: 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.
BOUMAX
Largest movements
- Cash +€33,969
up €33,969 (+51.0%), from €66,565 to €100,534
mainly Net result for the year (+€35,781) and Depreciation (+€15,121)
- Tangible fixed assets -€15,121
down €15,121 (-18.2%), from €83,164 to €68,044
of which Furniture and vehicles: -€12,308
- Reserves +€35,781
up €35,781 (+347.8%), from €10,288 to €46,069
of which Non-distributable reserves: +€35,781
- Profit (loss) carried forward -€21,813
no longer reported in 2025 (was €21,813)
- Tax, wage and social debts +€7,908
up €7,908 (+18112.0%), from €44 to €7,951
- Other debts -€5,398
down €5,398 (-24.2%), from €22,262 to €16,864
- Gross operating margin +€19,457
up €19,457 (+28.4%), from €68,522 to €87,979
- Taxes +€8,235
up €8,235 (+81.0%), from €10,172 to €18,408
- Other operating charges +€1,549
up €1,549 (+9.8%), from €15,889 to €17,439
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 | €155,056 | €171,949 | +€16,892 | +10.9% |
| Fixed assets | 21/28 | €83,164 | €68,044 | -€15,121 | -18.2% |
| Tangible fixed assets | 22/27 | €83,164 | €68,044 | -€15,121 | -18.2% |
| Land and buildings | 22 | €27,268 | €27,268 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,440 | €5,626 | -€2,813 | -33.3% |
| Furniture and vehicles | 24 | €47,457 | €35,149 | -€12,308 | -25.9% |
| Current assets | 29/58 | €71,892 | €103,905 | +€32,013 | +44.5% |
| Amounts receivable within one year | 40/41 | €987 | - | -€987 | |
| Other amounts receivable | 41 | €987 | - | -€987 | |
| Cash at bank and in hand | 54/58 | €66,565 | €100,534 | +€33,969 | +51.0% |
| Deferred charges and accrued income | 490/1 | €4,340 | €3,371 | -€968 | -22.3% |
| Total equity and liabilities | 10/49 | €155,056 | €171,949 | +€16,892 | +10.9% |
| Equity | 10/15 | €132,750 | €146,719 | +€13,969 | +10.5% |
| Contributions | 10/11 | €100,650 | €100,650 | = | 0.0% |
| Capital | 10 | €100,650 | €100,650 | = | 0.0% |
| Issued capital | 100 | €100,650 | €100,650 | = | 0.0% |
| Reserves | 13 | €10,288 | €46,069 | +€35,781 | +347.8% |
| Non-distributable reserves | 130/1 | €10,065 | €45,846 | +€35,781 | +355.5% |
| Legal reserve | 130 | €10,065 | €10,065 | = | 0.0% |
| Other | 1319 | - | €35,781 | +€35,781 | |
| Distributable reserves | 133 | €223 | €223 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,813 | - | -€21,813 | |
| Amounts payable | 17/49 | €22,306 | €25,230 | +€2,924 | +13.1% |
| Amounts payable within one year | 42/48 | €22,306 | €25,230 | +€2,924 | +13.1% |
| Trade debts | 44 | - | €414 | +€414 | |
| Suppliers | 440/4 | - | €414 | +€414 | |
| Taxes, remuneration and social security | 45 | €44 | €7,951 | +€7,908 | +18112.0% |
| Taxes | 450/3 | €44 | €7,951 | +€7,908 | +18112.0% |
| Other amounts payable | 47/48 | €22,262 | €16,864 | -€5,398 | -24.2% |
| Remuneration, social security and pensions | 62 | €192 | - | -€192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,438 | €15,121 | -€317 | -2.1% |
| Other operating charges | 640/8 | €15,889 | €17,439 | +€1,549 | +9.8% |
| Gross operating margin | 9900 | €68,522 | €87,979 | +€19,457 | +28.4% |
| Operating profit (loss) | 9901 | €37,003 | €55,420 | +€18,417 | +49.8% |
| Financial charges | 65/66B | €703 | €1,231 | +€528 | +75.1% |
| Recurring financial charges | 65 | €703 | €1,231 | +€528 | +75.1% |
| Profit (loss) for the period before taxes | 9903 | €36,300 | €54,189 | +€17,889 | +49.3% |
| Income taxes | 67/77 | €10,172 | €18,408 | +€8,235 | +81.0% |
| Profit (loss) for the period | 9904 | €26,127 | €35,781 | +€9,654 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,127 | €35,781 | +€9,654 | +37.0% |
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 6 October 2026 via checked.be.