Bourguignon: what changed
What changed
Bourguignon
NACE 16.110, Sawmilling and planing of wood
filed annual accounts (NBB)
Net result for the year
€661,153
2024 · €722,636-€61,484
Equity
€10.5m
2024 · €9.8m+€651,212
Cash
€3.4m
2024 · €3.1m+€222,633
Balance sheet total
€12.6m
2024 · €11.8m+€782,841
Largest movements
Assets
- Current investments +€410,949
up €410,949 (+59.9%), from €685,537 to €1.1m
- Stocks and contracts +€293,352
up €293,352 (+21.3%), from €1.4m to €1.7m
- Cash +€222,633
up €222,633 (+7.1%), from €3.1m to €3.4m
mainly Net result for the year (+€661,153) and Depreciation (+€604,442)
- Receivables within one year -€167,653
down €167,653 (-42.7%), from €392,426 to €224,773
of which Other amounts receivable: -€166,593
Equity and liabilities
- Profit (loss) carried forward +€908,812
up €908,812 (+14.9%), from €6.1m to €7.0m
- Reserves -€247,660
down €247,660 (-12.8%), from €1.9m to €1.7m
of which Tax-exempt reserves: -€295,492
- Tax, wage and social debts +€163,126
up €163,126 (+71.1%), from €229,427 to €392,553
of which Taxes: +€96,307
Income statement
- Turnover +€487,395
up €487,395 (+4.2%), from €11.6m to €12.0m
- Goods and materials +€415,316
up €415,316 (+5.4%), from €7.7m to €8.1m
of which Purchases: +€996,401
- Services and other goods +€178,582
up €178,582 (+17.4%), from €1.0m to €1.2m
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.
Result 2024
€722,636
Turnover
+€487,395
Other operating income
+€32,033
Goods and materials
-€415,316
Services and other goods
-€178,582
Staff costs
+€31,360
Depreciation
-€88,717
Write-downs
+€24,670
Other operating charges
-€2,231
Financial income
+€30,056
Financial charges
-€1,918
Taxes
+€19,766
Result 2025
€661,153
raises the resultlowers the result
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.
From operations
+€1.4m
Investment
-€1.1m
Financing
-€105,618
Cash 2024
€3.1m
From operations (derived)
+€1.4m
Net result for the year
+€661,153
Depreciation
+€604,442
Stocks and contracts
-€293,352
Receivables within one year
+€167,653
Deferred charges and accrued income
+€35,500
Provisions
-€408
Trade debts
+€7,489
Tax, wage and social debts
+€163,126
Advances received
+€25,786
Accrued charges and deferred income
+€31,312
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€663,502
Current investments
-€410,949
Financing
-€105,618
Debts after one year
-€16,045
Current portion of long-term debt
-€79,633
Contributions, distributions and other
-€9,940
Cash 2025
€3.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,825,752 | €12,608,593 | +€782,841 | +6.6% |
| Fixed assets | 21/28 | €6,202,638 | €6,261,698 | +€59,060 | +1.0% |
| Intangible fixed assets | 21 | €3,058 | - | -€3,058 | |
| Tangible fixed assets | 22/27 | €6,199,580 | €6,261,698 | +€62,117 | +1.0% |
| Land and buildings | 22 | €5,392,676 | €5,508,404 | +€115,729 | +2.1% |
| Plant, machinery and equipment | 23 | €326,748 | €387,955 | +€61,207 | +18.7% |
| Furniture and vehicles | 24 | €69,524 | €365,339 | +€295,814 | +425% |
| Assets under construction and advance payments | 27 | €410,632 | - | -€410,632 | |
| Current assets | 29/58 | €5,623,114 | €6,346,895 | +€723,781 | +12.9% |
| Stocks and contracts in progress | 3 | €1,377,327 | €1,670,679 | +€293,352 | +21.3% |
| Stocks | 30/36 | €1,377,327 | €1,670,679 | +€293,352 | +21.3% |
| Raw materials and consumables | 30/31 | €63,358 | €98,350 | +€34,992 | +55.2% |
| Goods purchased for resale | 34 | €1,313,969 | €1,572,329 | +€258,360 | +19.7% |
| Amounts receivable within one year | 40/41 | €392,426 | €224,773 | -€167,653 | -42.7% |
| Trade receivables | 40 | €215,671 | €214,611 | -€1,060 | -0.5% |
| Other amounts receivable | 41 | €176,755 | €10,162 | -€166,593 | -94.3% |
| Current investments | 50/53 | €685,537 | €1,096,487 | +€410,949 | +59.9% |
| Other investments | 51/53 | €685,537 | €1,096,487 | +€410,949 | +59.9% |
| Cash at bank and in hand | 54/58 | €3,130,724 | €3,353,356 | +€222,633 | +7.1% |
| Deferred charges and accrued income | 490/1 | €37,100 | €1,600 | -€35,500 | -95.7% |
| Total equity and liabilities | 10/49 | €11,825,752 | €12,608,593 | +€782,841 | +6.6% |
| Equity | 10/15 | €9,813,366 | €10,464,578 | +€651,212 | +6.6% |
| Contributions | 10/11 | €1,675,000 | €1,675,000 | = | 0.0% |
| Capital | 10 | €1,675,000 | €1,675,000 | = | 0.0% |
| Issued capital | 100 | €1,675,000 | €1,675,000 | = | 0.0% |
| Reserves | 13 | €1,939,575 | €1,691,915 | -€247,660 | -12.8% |
| Non-distributable reserves | 130/1 | €80,068 | €127,900 | +€47,832 | +59.7% |
| Legal reserve | 130 | €80,068 | €127,900 | +€47,832 | +59.7% |
| Tax-exempt reserves | 132 | €859,507 | €564,015 | -€295,492 | -34.4% |
| Distributable reserves | 133 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,115,739 | €7,024,551 | +€908,812 | +14.9% |
| Investment grants | 15 | €83,052 | €73,111 | -€9,940 | -12.0% |
| Provisions and deferred taxes | 16 | €544 | €136 | -€408 | -75.0% |
| Deferred taxes | 168 | €544 | €136 | -€408 | -75.0% |
| Amounts payable | 17/49 | €2,011,842 | €2,143,878 | +€132,036 | +6.6% |
| Amounts payable after more than one year | 17 | €1,119,791 | €1,103,746 | -€16,045 | -1.4% |
| Financial debts | 170/4 | €1,119,791 | €1,103,746 | -€16,045 | -1.4% |
| Credit institutions | 173 | €16,045 | - | -€16,045 | |
| Other loans | 174 | €1,103,746 | €1,103,746 | = | 0.0% |
| Amounts payable within one year | 42/48 | €860,739 | €977,508 | +€116,769 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €95,678 | €16,045 | -€79,633 | -83.2% |
| Trade debts | 44 | €325,634 | €333,123 | +€7,489 | +2.3% |
| Suppliers | 440/4 | €325,634 | €333,123 | +€7,489 | +2.3% |
| Advances received on contracts in progress | 46 | €201,660 | €227,446 | +€25,786 | +12.8% |
| Taxes, remuneration and social security | 45 | €229,427 | €392,553 | +€163,126 | +71.1% |
| Taxes | 450/3 | €98,304 | €194,611 | +€96,307 | +98.0% |
| Remuneration and social security | 454/9 | €131,123 | €197,942 | +€66,819 | +51.0% |
| Other amounts payable | 47/48 | €8,340 | €8,340 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €31,312 | €62,625 | +€31,312 | +100% |
| Operating income | 70/76A | €11,625,352 | €12,144,780 | +€519,428 | +4.5% |
| Turnover | 70 | €11,561,146 | €12,048,541 | +€487,395 | +4.2% |
| Other operating income | 74 | €64,206 | €96,239 | +€32,033 | +49.9% |
| Operating charges | 60/66A | €10,633,094 | €11,261,909 | +€628,815 | +5.9% |
| Goods for resale, raw materials and consumables | 60 | €7,723,213 | €8,138,529 | +€415,316 | +5.4% |
| Purchases | 600/8 | €7,405,137 | €8,401,539 | +€996,401 | +13.5% |
| Change in stocks: decrease (increase) | 609 | €318,076 | -€263,010 | -€581,086 | |
| Services and other goods | 61 | €1,025,975 | €1,204,556 | +€178,582 | +17.4% |
| Remuneration, social security and pensions | 62 | €1,347,032 | €1,315,672 | -€31,360 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €515,726 | €604,442 | +€88,717 | +17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,251 | -€27,921 | -€24,670 | -759% |
| Other operating charges | 640/8 | €24,400 | €26,631 | +€2,231 | +9.1% |
| Operating profit (loss) | 9901 | €992,258 | €882,871 | -€109,387 | -11.0% |
| Financial income | 75/76B | €28,622 | €58,677 | +€30,056 | +105% |
| Recurring financial income | 75 | €28,622 | €58,677 | +€30,056 | +105% |
| Income from current assets | 751 | €19,178 | €48,666 | +€29,488 | +154% |
| Other financial income | 752/9 | €9,444 | €10,011 | +€568 | +6.0% |
| Financial charges | 65/66B | €50,818 | €52,736 | +€1,918 | +3.8% |
| Recurring financial charges | 65 | €50,818 | €52,736 | +€1,918 | +3.8% |
| Debt charges | 650 | €37,870 | €36,283 | -€1,586 | -4.2% |
| Other financial charges | 652/9 | €12,949 | €16,453 | +€3,504 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €970,062 | €888,812 | -€81,249 | -8.4% |
| Transfer from deferred taxes | 780 | €408 | €408 | = | 0.0% |
| Income taxes | 67/77 | €247,834 | €228,068 | -€19,766 | -8.0% |
| Taxes | 670/3 | €247,834 | €228,068 | -€19,766 | -8.0% |
| Profit (loss) for the period | 9904 | €722,636 | €661,153 | -€61,484 | -8.5% |
| Transfer from tax-exempt reserves | 789 | €337,592 | €295,492 | -€42,100 | -12.5% |
| Transfer to tax-exempt reserves | 689 | €210,500 | - | -€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €849,728 | €956,645 | +€106,916 | +12.6% |
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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 6 November 2026 via checked.be.