BOURGEOIS Stéphane: 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 Stéphane
Largest movements
- Receivables within one year -€51,265
down €51,265 (-99.8%), from €51,376 to €111
of which Trade receivables: -€51,265
- Tangible fixed assets -€6,197
no longer reported in 2025 (was €6,197)
- Provisions -€150,000
no longer reported in 2025 (was €150,000)
- Profit (loss) carried forward +€91,139
up €91,139 (+70.1%), from -€129,939 to -€38,800
- Tax, wage and social debts +€1,778
new in 2025: €1,778
- Other debts -€1,643
no longer reported in 2025 (was €1,643)
- Short-term financial debts +€1,264
up €1,264 (+36.7%), from €3,447 to €4,711
- Financial income +€150,000
new in 2025: €150,000
of which Financial income: +€150,000
- Other operating charges +€53,363
up €53,363 (+13,789%), from €387 to €53,750
- Taxes +€1,778
new in 2025: €1,778
- Purchases and services +€1,212
new in 2025: €1,212
- Financial charges +€67
up €67 (+7.8%), from €857 to €924
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 | €57,867 | €405 | -€57,462 | -99.3% |
| Fixed assets | 21/28 | €6,450 | €253 | -€6,197 | -96.1% |
| Tangible fixed assets | 22/27 | €6,197 | - | -€6,197 | |
| Land and buildings | 22 | €6,197 | - | -€6,197 | |
| Financial fixed assets | 28 | €253 | €253 | +€0 | 0.0% |
| Current assets | 29/58 | €51,417 | €152 | -€51,265 | -99.7% |
| Amounts receivable within one year | 40/41 | €51,376 | €111 | -€51,265 | -99.8% |
| Trade receivables | 40 | €51,265 | - | -€51,265 | |
| Other amounts receivable | 41 | €111 | €111 | +€0 | +0.3% |
| Cash at bank and in hand | 54/58 | €41 | €41 | -€0 | -0.5% |
| Total equity and liabilities | 10/49 | €57,867 | €405 | -€57,462 | -99.3% |
| Equity | 10/15 | -€97,223 | -€6,084 | +€91,139 | +93.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €7,716 | €7,716 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,216 | €5,216 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€129,939 | -€38,800 | +€91,139 | +70.1% |
| Provisions and deferred taxes | 16 | €150,000 | - | -€150,000 | |
| Provisions for liabilities and charges | 160/5 | €150,000 | - | -€150,000 | |
| Other liabilities and charges | 164/5 | €150,000 | - | -€150,000 | |
| Amounts payable | 17/49 | €5,090 | €6,489 | +€1,399 | +27.5% |
| Amounts payable within one year | 42/48 | €5,090 | €6,489 | +€1,399 | +27.5% |
| Financial debts | 43 | €3,447 | €4,711 | +€1,264 | +36.7% |
| Credit institutions | 430/8 | €3,447 | €4,711 | +€1,264 | +36.7% |
| Taxes, remuneration and social security | 45 | - | €1,778 | +€1,778 | |
| Taxes | 450/3 | - | €1,778 | +€1,778 | |
| Other amounts payable | 47/48 | €1,643 | - | -€1,643 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,212 | +€1,212 | |
| Other operating charges | 640/8 | €387 | €53,750 | +€53,363 | +13,789% |
| Non-recurring operating charges | 66A | - | €1,197 | +€1,197 | |
| Gross operating margin | 9900 | -€1,265 | -€1,212 | +€54 | +4.2% |
| Operating profit (loss) | 9901 | -€1,652 | -€56,159 | -€54,507 | -3,299% |
| Financial income | 75/76B | - | €150,000 | +€150,000 | |
| Recurring financial income | 75 | - | €150,000 | +€150,000 | |
| Non-recurring financial income | 76B | - | €150,000 | +€150,000 | |
| Financial charges | 65/66B | €857 | €924 | +€67 | +7.8% |
| Recurring financial charges | 65 | €857 | €924 | +€67 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,509 | €92,918 | +€95,427 | |
| Income taxes | 67/77 | - | €1,778 | +€1,778 | |
| Profit (loss) for the period | 9904 | -€2,509 | €91,140 | +€93,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,509 | €91,140 | +€93,649 |
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 31 October 2026 via checked.be.