BOURGEOIS: 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.
BOURGEOIS
Largest movements
- Cash +€79,152
up €79,152 (+5,190%), from €1,525 to €80,677
mainly Current investments (+€47,800) and Net result for the year (+€23,139)
- Current investments -€47,800
down €47,800 (-86.9%), from €55,000 to €7,201
- Tangible fixed assets -€3,058
down €3,058 (-3.1%), from €98,356 to €95,298
of which Land and buildings: -€4,363
- Deferred charges and accrued income -€1,895
no longer reported in 2025 (was €1,895)
- Reserves +€23,139
up €23,139 (+19.8%), from €116,859 to €139,998
of which Distributable reserves: +€23,139
- Other debts +€3,249
up €3,249 (+23.9%), from €13,578 to €16,828
- Tax, wage and social debts +€3,175
up €3,175 (+130%), from €2,450 to €5,625
- Trade debts -€1,859
down €1,859 (-98.1%), from €1,895 to €36
- Gross operating margin +€12,353
up €12,353 (+43.0%), from €28,747 to €41,100
- Taxes +€5,950
up €5,950 (+109%), from €5,445 to €11,394
- Other operating charges -€5,517
down €5,517 (-72.6%), from €7,601 to €2,084
- Financial income +€590
up €590 (+420%), from €140 to €730
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 | €156,777 | €183,176 | +€26,400 | +16.8% |
| Fixed assets | 21/28 | €98,356 | €95,298 | -€3,058 | -3.1% |
| Tangible fixed assets | 22/27 | €98,356 | €95,298 | -€3,058 | -3.1% |
| Land and buildings | 22 | €97,596 | €93,233 | -€4,363 | -4.5% |
| Furniture and vehicles | 24 | €761 | €2,066 | +€1,305 | +172% |
| Current assets | 29/58 | €58,420 | €87,878 | +€29,458 | +50.4% |
| Current investments | 50/53 | €55,000 | €7,201 | -€47,800 | -86.9% |
| Cash at bank and in hand | 54/58 | €1,525 | €80,677 | +€79,152 | +5,190% |
| Deferred charges and accrued income | 490/1 | €1,895 | - | -€1,895 | |
| Total equity and liabilities | 10/49 | €156,777 | €183,176 | +€26,400 | +16.8% |
| Equity | 10/15 | €137,548 | €160,687 | +€23,139 | +16.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €116,859 | €139,998 | +€23,139 | +19.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €115,000 | €138,139 | +€23,139 | +20.1% |
| Profit (loss) carried forward | 14 | €2,097 | €2,097 | = | 0.0% |
| Amounts payable | 17/49 | €19,229 | €22,489 | +€3,261 | +17.0% |
| Amounts payable within one year | 42/48 | €17,924 | €22,489 | +€4,566 | +25.5% |
| Trade debts | 44 | €1,895 | €36 | -€1,859 | -98.1% |
| Suppliers | 440/4 | €1,895 | €36 | -€1,859 | -98.1% |
| Taxes, remuneration and social security | 45 | €2,450 | €5,625 | +€3,175 | +130% |
| Taxes | 450/3 | €2,450 | €5,625 | +€3,175 | +130% |
| Other amounts payable | 47/48 | €13,578 | €16,828 | +€3,249 | +23.9% |
| Accrued charges and deferred income | 492/3 | €1,305 | - | -€1,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,769 | €4,827 | +€58 | +1.2% |
| Other operating charges | 640/8 | €7,601 | €2,084 | -€5,517 | -72.6% |
| Gross operating margin | 9900 | €28,747 | €41,100 | +€12,353 | +43.0% |
| Operating profit (loss) | 9901 | €16,377 | €34,188 | +€17,811 | +109% |
| Financial income | 75/76B | €140 | €730 | +€590 | +420% |
| Recurring financial income | 75 | €140 | €730 | +€590 | +420% |
| Financial charges | 65/66B | €449 | €385 | -€64 | -14.2% |
| Recurring financial charges | 65 | €449 | €385 | -€64 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €16,068 | €34,533 | +€18,465 | +115% |
| Income taxes | 67/77 | €5,445 | €11,394 | +€5,950 | +109% |
| Profit (loss) for the period | 9904 | €10,624 | €23,139 | +€12,515 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €10,624 | €23,139 | +€12,515 | +118% |
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 28 October 2026 via checked.be.