BOURAD: 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.
BOURAD
Largest movements
- Receivables within one year -€330,119
down €330,119 (-96.4%), from €342,467 to €12,348
of which Trade receivables: -€329,480
- Cash -€15,195
down €15,195 (-82.6%), from €18,399 to €3,204
mainly Trade debts (-€378,025)
- Trade debts -€378,025
no longer reported in 2025 (was €378,025)
- Profit (loss) carried forward +€20,865
up €20,865 (+70.3%), from -€29,668 to -€8,803
- Advances received +€8,365
up €8,365 (+210.0%), from €3,983 to €12,348
- Gross operating margin +€53,854
up €53,854, from -€32,783 to €21,071
- Taxes -€876
no longer reported in 2025 (was €876)
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 | €360,866 | €15,552 | -€345,314 | -95.7% |
| Current assets | 29/58 | €360,866 | €15,552 | -€345,314 | -95.7% |
| Amounts receivable within one year | 40/41 | €342,467 | €12,348 | -€330,119 | -96.4% |
| Trade receivables | 40 | €341,828 | €12,348 | -€329,480 | -96.4% |
| Other amounts receivable | 41 | €639 | - | -€639 | |
| Cash at bank and in hand | 54/58 | €18,399 | €3,204 | -€15,195 | -82.6% |
| Total equity and liabilities | 10/49 | €360,866 | €15,552 | -€345,314 | -95.7% |
| Equity | 10/15 | -€21,268 | -€403 | +€20,865 | +98.1% |
| Contributions | 10/11 | €8,400 | €8,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,668 | -€8,803 | +€20,865 | +70.3% |
| Amounts payable | 17/49 | €382,134 | €15,955 | -€366,178 | -95.8% |
| Amounts payable within one year | 42/48 | €382,134 | €15,955 | -€366,178 | -95.8% |
| Financial debts | 43 | - | €125 | +€125 | |
| Credit institutions | 430/8 | - | €125 | +€125 | |
| Trade debts | 44 | €378,025 | - | -€378,025 | |
| Suppliers | 440/4 | €378,025 | - | -€378,025 | |
| Advances received on contracts in progress | 46 | €3,983 | €12,348 | +€8,365 | +210.0% |
| Taxes, remuneration and social security | 45 | €125 | €1,121 | +€996 | +795.5% |
| Taxes | 450/3 | €125 | €1,121 | +€996 | +795.5% |
| Other amounts payable | 47/48 | - | €2,361 | +€2,361 | |
| Non-recurring operating income | 76A | - | €136 | +€136 | |
| Other operating charges | 640/8 | €53 | - | -€53 | |
| Gross operating margin | 9900 | -€32,783 | €21,071 | +€53,854 | |
| Operating profit (loss) | 9901 | -€32,836 | €21,071 | +€53,907 | |
| Financial charges | 65/66B | €57 | €206 | +€149 | +260.5% |
| Recurring financial charges | 65 | €57 | €206 | +€149 | +260.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,893 | €20,865 | +€53,758 | |
| Income taxes | 67/77 | €876 | - | -€876 | |
| Profit (loss) for the period | 9904 | -€33,769 | €20,865 | +€54,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,769 | €20,865 | +€54,634 |
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.