BOURGAVOCATS.BE: what changed
BOURGAVOCATS.BE
Largest movements
- Cash +€59,057
up €59,057 (+79.9%), from €73,921 to €132,978
mainly Other debts (+€51,431) and Depreciation (+€21,841)
- Tangible fixed assets -€17,670
down €17,670 (-7.8%), from €227,012 to €209,343
of which Land and buildings: -€11,540
- Receivables within one year -€5,727
down €5,727 (-19.1%), from €30,048 to €24,320
of which Other amounts receivable: -€8,043
- Other debts +€51,431
up €51,431 (+81.7%), from €62,943 to €114,374
- Current portion of long-term debt -€23,864
down €23,864 (-60.7%), from €39,332 to €15,468
- Trade debts +€20,800
up €20,800 (+1,984%), from €1,049 to €21,849
- Debts after one year -€15,468
down €15,468 (-25.2%), from €61,501 to €46,033
- Profit (loss) carried forward +€8,646
up €8,646 (+6.0%), from €144,020 to €152,665
- Provisions +€20,000
no longer reported in 2025 (was -€20,000)
- Gross operating margin -€14,644
down €14,644 (-12.5%), from €116,842 to €102,198
- Depreciation +€8,383
up €8,383 (+62.3%), from €13,458 to €21,841
- Taxes -€7,799
down €7,799 (-83.9%), from €9,291 to €1,492
- Other operating charges -€3,136
down €3,136 (-52.9%), from €5,933 to €2,797
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,884 | €375,260 | +€35,376 | +10.4% |
| Fixed assets | 21/28 | €227,012 | €209,343 | -€17,670 | -7.8% |
| Tangible fixed assets | 22/27 | €227,012 | €209,343 | -€17,670 | -7.8% |
| Land and buildings | 22 | €181,418 | €169,878 | -€11,540 | -6.4% |
| Furniture and vehicles | 24 | €666 | €4,342 | +€3,676 | +552% |
| Leasing and similar rights | 25 | €44,928 | €35,123 | -€9,805 | -21.8% |
| Current assets | 29/58 | €112,871 | €165,917 | +€53,046 | +47.0% |
| Amounts receivable within one year | 40/41 | €30,048 | €24,320 | -€5,727 | -19.1% |
| Trade receivables | 40 | €21,958 | €24,274 | +€2,316 | +10.5% |
| Other amounts receivable | 41 | €8,090 | €47 | -€8,043 | -99.4% |
| Cash at bank and in hand | 54/58 | €73,921 | €132,978 | +€59,057 | +79.9% |
| Deferred charges and accrued income | 490/1 | €8,903 | €8,618 | -€284 | -3.2% |
| Total equity and liabilities | 10/49 | €339,884 | €375,260 | +€35,376 | +10.4% |
| Equity | 10/15 | €152,387 | €161,032 | +€8,646 | +5.7% |
| Contributions | 10/11 | €8,367 | €8,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,020 | €152,665 | +€8,646 | +6.0% |
| Amounts payable | 17/49 | €187,497 | €214,227 | +€26,731 | +14.3% |
| Amounts payable after more than one year | 17 | €61,501 | €46,033 | -€15,468 | -25.2% |
| Financial debts | 170/4 | €61,501 | €46,033 | -€15,468 | -25.2% |
| Amounts payable within one year | 42/48 | €125,282 | €168,195 | +€42,912 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €39,332 | €15,468 | -€23,864 | -60.7% |
| Trade debts | 44 | €1,049 | €21,849 | +€20,800 | +1,984% |
| Suppliers | 440/4 | €1,049 | €21,849 | +€20,800 | +1,984% |
| Taxes, remuneration and social security | 45 | €21,959 | €16,504 | -€5,455 | -24.8% |
| Taxes | 450/3 | €12,000 | €8,407 | -€3,593 | -29.9% |
| Remuneration and social security | 454/9 | €9,959 | €8,098 | -€1,862 | -18.7% |
| Other amounts payable | 47/48 | €62,943 | €114,374 | +€51,431 | +81.7% |
| Accrued charges and deferred income | 492/3 | €714 | - | -€714 | |
| Remuneration, social security and pensions | 62 | €64,424 | €63,981 | -€444 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,458 | €21,841 | +€8,383 | +62.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,000 | - | +€20,000 | |
| Other operating charges | 640/8 | €5,933 | €2,797 | -€3,136 | -52.9% |
| Gross operating margin | 9900 | €116,842 | €102,198 | -€14,644 | -12.5% |
| Operating profit (loss) | 9901 | €53,027 | €13,579 | -€39,447 | -74.4% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €3,761 | €3,442 | -€319 | -8.5% |
| Recurring financial charges | 65 | €3,761 | €3,442 | -€319 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €49,275 | €10,138 | -€39,137 | -79.4% |
| Income taxes | 67/77 | €9,291 | €1,492 | -€7,799 | -83.9% |
| Profit (loss) for the period | 9904 | €39,983 | €8,646 | -€31,338 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,983 | €8,646 | -€31,338 | -78.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.