BOURDEAUD'HUI: what changed
Two financial 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.
BOURDEAUD'HUI
Largest movements
- Cash -€66,488
down €66,488 (-79.6%), from €83,517 to €17,029
mainly Investment in fixed assets (net) (-€63,531) and Receivables within one year (-€34,362)
- Receivables within one year +€34,362
up €34,362 (+28.5%), from €120,772 to €155,134
of which Trade receivables: +€30,937
- Tangible fixed assets +€27,148
up €27,148 (+15.2%), from €178,860 to €206,008
of which Furniture and vehicles: +€39,235
- Tax, wage and social debts -€10,197
down €10,197 (-49.9%), from €20,438 to €10,241
- Reserves +€9,772
up €9,772 (+2.6%), from €373,258 to €383,030
of which Distributable reserves: +€9,772
- Depreciation +€6,200
up €6,200 (+20.5%), from €30,184 to €36,384
- Gross operating margin -€5,997
down €5,997 (-7.9%), from €75,662 to €69,665
- Taxes -€2,962
down €2,962 (-20.9%), from €14,185 to €11,223
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.
Derived cash bridge
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 | €534,035 | €529,081 | -€4,955 | -0.9% |
| Fixed assets | 21/28 | €179,030 | €206,178 | +€27,148 | +15.2% |
| Tangible fixed assets | 22/27 | €178,860 | €206,008 | +€27,148 | +15.2% |
| Land and buildings | 22 | €89,237 | €84,150 | -€5,087 | -5.7% |
| Furniture and vehicles | 24 | €68,623 | €107,857 | +€39,235 | +57.2% |
| Leasing and similar rights | 25 | - | €14,000 | +€14,000 | |
| Other tangible fixed assets | 26 | €21,000 | - | -€21,000 | |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €355,005 | €322,903 | -€32,102 | -9.0% |
| Amounts receivable within one year | 40/41 | €120,772 | €155,134 | +€34,362 | +28.5% |
| Trade receivables | 40 | €104,108 | €135,045 | +€30,937 | +29.7% |
| Other amounts receivable | 41 | €16,664 | €20,089 | +€3,425 | +20.6% |
| Current investments | 50/53 | €149,932 | €149,932 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,517 | €17,029 | -€66,488 | -79.6% |
| Deferred charges and accrued income | 490/1 | €785 | €808 | +€24 | +3.0% |
| Total equity and liabilities | 10/49 | €534,035 | €529,081 | -€4,955 | -0.9% |
| Equity | 10/15 | €391,850 | €401,622 | +€9,772 | +2.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €373,258 | €383,030 | +€9,772 | +2.6% |
| Tax-exempt reserves | 132 | €35,486 | €35,486 | = | 0.0% |
| Distributable reserves | 133 | €337,772 | €347,544 | +€9,772 | +2.9% |
| Amounts payable | 17/49 | €142,185 | €127,458 | -€14,727 | -10.4% |
| Amounts payable within one year | 42/48 | €133,692 | €119,267 | -€14,425 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €3,731 | €0 | -€3,731 | -100% |
| Trade debts | 44 | €7,055 | €6,718 | -€336 | -4.8% |
| Suppliers | 440/4 | €7,055 | €6,718 | -€336 | -4.8% |
| Taxes, remuneration and social security | 45 | €20,438 | €10,241 | -€10,197 | -49.9% |
| Taxes | 450/3 | €20,438 | €10,241 | -€10,197 | -49.9% |
| Other amounts payable | 47/48 | €102,468 | €102,308 | -€160 | -0.2% |
| Accrued charges and deferred income | 492/3 | €8,493 | €8,191 | -€302 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,184 | €36,384 | +€6,200 | +20.5% |
| Other operating charges | 640/8 | €4,007 | €4,274 | +€268 | +6.7% |
| Gross operating margin | 9900 | €75,662 | €69,665 | -€5,997 | -7.9% |
| Operating profit (loss) | 9901 | €41,472 | €29,007 | -€12,465 | -30.1% |
| Financial income | 75/76B | €245 | €361 | +€116 | +47.3% |
| Recurring financial income | 75 | €245 | €361 | +€116 | +47.3% |
| Financial charges | 65/66B | €8,963 | €8,372 | -€591 | -6.6% |
| Recurring financial charges | 65 | €8,963 | €8,372 | -€591 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €32,753 | €20,995 | -€11,758 | -35.9% |
| Income taxes | 67/77 | €14,185 | €11,223 | -€2,962 | -20.9% |
| Profit (loss) for the period | 9904 | €18,568 | €9,772 | -€8,796 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,568 | €9,772 | -€8,796 | -47.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.