BOUPI: 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.
BOUPI
Largest movements
- Tangible fixed assets -€177,334
down €177,334 (-4.5%), from €3.9m to €3.8m
- Cash +€83,285
up €83,285 (+156.9%), from €53,095 to €136,380
mainly Depreciation (+€180,620) and Net result for the year (+€127,694)
- Receivables within one year -€43,575
down €43,575 (-70.2%), from €62,051 to €18,476
of which Other amounts receivable: -€37,813
- Debts after one year -€241,564
down €241,564 (-8.8%), from €2.8m to €2.5m
- Profit (loss) carried forward +€121,124
up €121,124 (+256.1%), from €47,302 to €168,426
- Trade debts -€41,192
down €41,192 (-70.8%), from €58,210 to €17,018
- Gross operating margin +€128,549
up €128,549 (+39.6%), from €324,904 to €453,453
- Taxes +€33,122
up €33,122 (+290.7%), from €11,393 to €44,515
- Financial charges -€5,796
down €5,796 (-8.3%), from €69,976 to €64,180
- Write-downs +€5,066
new in 2025: €5,066
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 | €4,064,271 | €3,926,576 | -€137,695 | -3.4% |
| Fixed assets | 21/28 | €3,937,475 | €3,760,141 | -€177,334 | -4.5% |
| Tangible fixed assets | 22/27 | €3,937,475 | €3,760,141 | -€177,334 | -4.5% |
| Land and buildings | 22 | €3,937,475 | €3,760,141 | -€177,334 | -4.5% |
| Current assets | 29/58 | €126,796 | €166,435 | +€39,639 | +31.3% |
| Amounts receivable within one year | 40/41 | €62,051 | €18,476 | -€43,575 | -70.2% |
| Trade receivables | 40 | €7,900 | €2,137 | -€5,763 | -72.9% |
| Other amounts receivable | 41 | €54,152 | €16,339 | -€37,813 | -69.8% |
| Cash at bank and in hand | 54/58 | €53,095 | €136,380 | +€83,285 | +156.9% |
| Deferred charges and accrued income | 490/1 | €11,650 | €11,579 | -€71 | -0.6% |
| Total equity and liabilities | 10/49 | €4,064,271 | €3,926,576 | -€137,695 | -3.4% |
| Equity | 10/15 | €179,792 | €307,486 | +€127,694 | +71.0% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Capital | 10 | €130,000 | €130,000 | = | 0.0% |
| Issued capital | 100 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €2,490 | €9,060 | +€6,571 | +263.9% |
| Non-distributable reserves | 130/1 | €2,490 | €9,060 | +€6,571 | +263.9% |
| Legal reserve | 130 | €2,490 | €9,060 | +€6,571 | +263.9% |
| Profit (loss) carried forward | 14 | €47,302 | €168,426 | +€121,124 | +256.1% |
| Amounts payable | 17/49 | €3,884,479 | €3,619,090 | -€265,389 | -6.8% |
| Amounts payable after more than one year | 17 | €2,755,070 | €2,513,506 | -€241,564 | -8.8% |
| Financial debts | 170/4 | €2,755,070 | €2,513,506 | -€241,564 | -8.8% |
| Amounts payable within one year | 42/48 | €1,097,603 | €1,076,647 | -€20,956 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €238,684 | €241,564 | +€2,880 | +1.2% |
| Trade debts | 44 | €58,210 | €17,018 | -€41,192 | -70.8% |
| Suppliers | 440/4 | €58,210 | €17,018 | -€41,192 | -70.8% |
| Taxes, remuneration and social security | 45 | €22,641 | €34,249 | +€11,608 | +51.3% |
| Taxes | 450/3 | €22,641 | €34,249 | +€11,608 | +51.3% |
| Other amounts payable | 47/48 | €778,068 | €783,817 | +€5,749 | +0.7% |
| Accrued charges and deferred income | 492/3 | €31,806 | €28,937 | -€2,869 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,130 | €180,620 | +€489 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,066 | +€5,066 | |
| Other operating charges | 640/8 | €30,945 | €31,889 | +€944 | +3.0% |
| Gross operating margin | 9900 | €324,904 | €453,453 | +€128,549 | +39.6% |
| Operating profit (loss) | 9901 | €113,828 | €235,878 | +€122,050 | +107.2% |
| Financial income | 75/76B | - | €512 | +€512 | |
| Recurring financial income | 75 | - | €512 | +€512 | |
| Financial charges | 65/66B | €69,976 | €64,180 | -€5,796 | -8.3% |
| Recurring financial charges | 65 | €69,976 | €64,180 | -€5,796 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €43,852 | €172,209 | +€128,357 | +292.7% |
| Income taxes | 67/77 | €11,393 | €44,515 | +€33,122 | +290.7% |
| Profit (loss) for the period | 9904 | €32,459 | €127,694 | +€95,235 | +293.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,459 | €127,694 | +€95,235 | +293.4% |
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 8 October 2026 via checked.be.