Bourg 101: 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.
Bourg 101
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-16.1%), from €9.1m to €7.6m
- Cash +€1.4m
up €1.4m (+22670.9%), from €6,173 to €1.4m
mainly Stocks and contracts (+€1.5m) and Short-term financial debts (+€626,646)
- Short-term financial debts +€626,646
up €626,646 (+10.7%), from €5.9m to €6.5m
- Debts after one year -€440,810
down €440,810 (-12.2%), from €3.6m to €3.2m
- Profit (loss) carried forward -€344,877
down €344,877 (-115.4%), from -€298,777 to -€643,654
- Turnover +€1.7m
up €1.7m (+31008.6%), from €5,325 to €1.7m
- Purchases and services +€1.4m
up €1.4m (+830.3%), from €163,673 to €1.5m
- Financial charges +€369,537
up €369,537 (+21193.5%), from €1,744 to €371,281
- Gross operating margin +€317,672
up €317,672, from -€53,163 to €264,508
- Other operating charges +€236,899
up €236,899 (+24485.2%), from €968 to €237,866
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 | €9,235,255 | €9,189,542 | -€45,713 | -0.5% |
| Formation expenses | 20 | €487 | €244 | -€244 | -50.0% |
| Current assets | 29/58 | €9,234,767 | €9,189,298 | -€45,469 | -0.5% |
| Stocks and contracts in progress | 3 | €9,110,403 | €7,647,133 | -€1.5m | -16.1% |
| Stocks | 30/36 | €9,110,403 | €7,647,133 | -€1.5m | -16.1% |
| Amounts receivable within one year | 40/41 | €118,191 | €136,429 | +€18,238 | +15.4% |
| Trade receivables | 40 | €109,403 | €134,766 | +€25,363 | +23.2% |
| Other amounts receivable | 41 | €8,788 | €1,663 | -€7,125 | -81.1% |
| Cash at bank and in hand | 54/58 | €6,173 | €1,405,737 | +€1.4m | +22670.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €9,235,255 | €9,189,542 | -€45,713 | -0.5% |
| Equity | 10/15 | -€288,777 | -€633,654 | -€344,877 | -119.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,777 | -€643,654 | -€344,877 | -115.4% |
| Amounts payable | 17/49 | €9,524,032 | €9,823,196 | +€299,164 | +3.1% |
| Amounts payable after more than one year | 17 | €3,599,808 | €3,158,997 | -€440,810 | -12.2% |
| Other amounts payable | 178/9 | €3,599,808 | €3,158,997 | -€440,810 | -12.2% |
| Amounts payable within one year | 42/48 | €5,924,224 | €6,614,199 | +€689,974 | +11.6% |
| Financial debts | 43 | €5,873,354 | €6,500,000 | +€626,646 | +10.7% |
| Credit institutions | 430/8 | €5,873,354 | €6,500,000 | +€626,646 | +10.7% |
| Trade debts | 44 | €49,438 | €114,199 | +€64,760 | +131.0% |
| Suppliers | 440/4 | €49,438 | €114,199 | +€64,760 | +131.0% |
| Taxes, remuneration and social security | 45 | €1,432 | €0 | -€1,432 | -100.0% |
| Taxes | 450/3 | €1,432 | €0 | -€1,432 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €50,000 | +€50,000 | |
| Turnover | 70 | €5,325 | €1,656,450 | +€1.7m | +31008.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €163,673 | €1,522,639 | +€1.4m | +830.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231 | €244 | +€12 | +5.3% |
| Other operating charges | 640/8 | €968 | €237,866 | +€236,899 | +24485.2% |
| Gross operating margin | 9900 | -€53,163 | €264,508 | +€317,672 | |
| Operating profit (loss) | 9901 | -€54,362 | €26,398 | +€80,760 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €1,744 | €371,281 | +€369,537 | +21193.5% |
| Recurring financial charges | 65 | €1,744 | €371,281 | +€369,537 | +21193.5% |
| Profit (loss) for the period before taxes | 9903 | -€56,106 | -€344,877 | -€288,771 | -514.7% |
| Profit (loss) for the period | 9904 | -€56,106 | -€344,877 | -€288,771 | -514.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,106 | -€344,877 | -€288,771 | -514.7% |
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 12 October 2026 via checked.be.