BOURGOIS EDELSMID: 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.
BOURGOIS EDELSMID
Largest movements
- Cash +€141,701
up €141,701 (+3,456%), from €4,100 to €145,801
mainly Stocks and contracts (+€132,299) and Net result for the year (+€36,537)
- Stocks and contracts -€132,299
down €132,299 (-12.5%), from €1.1m to €922,451
- Trade debts -€37,651
down €37,651 (-90.4%), from €41,635 to €3,985
- Reserves +€36,537
up €36,537 (+24.7%), from €148,150 to €184,687
of which Distributable reserves: +€38,337
- Other debts +€20,223
up €20,223 (+3.4%), from €587,884 to €608,106
- Debts after one year -€11,898
down €11,898 (-8.6%), from €138,174 to €126,276
of which Financial debts: -€11,898
- Gross operating margin -€21,101
down €21,101 (-19.9%), from €105,951 to €84,851
- Taxes -€5,708
down €5,708 (-21.8%), from €26,191 to €20,482
- Financial income +€1,657
up €1,657 (+67.3%), from €2,463 to €4,121
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 | €1,118,638 | €1,114,582 | -€4,057 | -0.4% |
| Fixed assets | 21/28 | €53,019 | €41,812 | -€11,207 | -21.1% |
| Intangible fixed assets | 21 | €4,943 | €3,828 | -€1,115 | -22.6% |
| Tangible fixed assets | 22/27 | €48,076 | €37,984 | -€10,092 | -21.0% |
| Plant, machinery and equipment | 23 | €24,091 | €22,317 | -€1,774 | -7.4% |
| Furniture and vehicles | 24 | €23,985 | €15,667 | -€8,318 | -34.7% |
| Current assets | 29/58 | €1,065,619 | €1,072,770 | +€7,151 | +0.7% |
| Stocks and contracts in progress | 3 | €1,054,750 | €922,451 | -€132,299 | -12.5% |
| Stocks | 30/36 | €1,054,750 | €922,451 | -€132,299 | -12.5% |
| Amounts receivable within one year | 40/41 | €6,769 | €4,518 | -€2,251 | -33.3% |
| Trade receivables | 40 | €6,769 | €0 | -€6,769 | -100% |
| Other amounts receivable | 41 | - | €4,518 | +€4,518 | |
| Cash at bank and in hand | 54/58 | €4,100 | €145,801 | +€141,701 | +3,456% |
| Total equity and liabilities | 10/49 | €1,118,638 | €1,114,582 | -€4,057 | -0.4% |
| Equity | 10/15 | €272,150 | €308,687 | +€36,537 | +13.4% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €148,150 | €184,687 | +€36,537 | +24.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €20,707 | €18,907 | -€1,800 | -8.7% |
| Distributable reserves | 133 | €127,443 | €165,780 | +€38,337 | +30.1% |
| Provisions and deferred taxes | 16 | €28,885 | €28,285 | -€600 | -2.1% |
| Provisions for liabilities and charges | 160/5 | €27,159 | €27,159 | = | 0.0% |
| Environmental obligations | 163 | €27,159 | €27,159 | = | 0.0% |
| Deferred taxes | 168 | €1,726 | €1,126 | -€600 | -34.8% |
| Amounts payable | 17/49 | €817,603 | €777,610 | -€39,994 | -4.9% |
| Amounts payable after more than one year | 17 | €138,174 | €126,276 | -€11,898 | -8.6% |
| Financial debts | 170/4 | €14,174 | €2,276 | -€11,898 | -83.9% |
| Other amounts payable | 178/9 | €124,000 | €124,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €679,429 | €651,334 | -€28,095 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €11,701 | €11,898 | +€197 | +1.7% |
| Trade debts | 44 | €41,635 | €3,985 | -€37,651 | -90.4% |
| Suppliers | 440/4 | €41,635 | €3,985 | -€37,651 | -90.4% |
| Taxes, remuneration and social security | 45 | €38,209 | €27,345 | -€10,864 | -28.4% |
| Taxes | 450/3 | €38,209 | €24,845 | -€13,364 | -35.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €587,884 | €608,106 | +€20,223 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,683 | €16,574 | +€891 | +5.7% |
| Other operating charges | 640/8 | €1,303 | €1,698 | +€395 | +30.3% |
| Gross operating margin | 9900 | €105,951 | €84,851 | -€21,101 | -19.9% |
| Operating profit (loss) | 9901 | €88,966 | €66,579 | -€22,387 | -25.2% |
| Financial income | 75/76B | €2,463 | €4,121 | +€1,657 | +67.3% |
| Recurring financial income | 75 | €2,463 | €4,121 | +€1,657 | +67.3% |
| Financial charges | 65/66B | €13,493 | €14,280 | +€787 | +5.8% |
| Recurring financial charges | 65 | €13,493 | €14,280 | +€787 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €77,936 | €56,420 | -€21,517 | -27.6% |
| Transfer from deferred taxes | 780 | €600 | €600 | = | 0.0% |
| Income taxes | 67/77 | €26,191 | €20,482 | -€5,708 | -21.8% |
| Profit (loss) for the period | 9904 | €52,346 | €36,537 | -€15,809 | -30.2% |
| Transfer from tax-exempt reserves | 789 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,146 | €38,337 | -€15,809 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.