BOURSEAUX: 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.
BOURSEAUX
Largest movements
- Receivables within one year +€1,634
up €1,634 (+180.1%), from €907 to €2,541
of which Trade receivables: +€976
- Cash -€260
down €260 (-32.0%), from €813 to €553
mainly Net result for the year (-€15,524) and Receivables within one year (-€1,634)
- Deferred charges and accrued income +€57
up €57 (+2.9%), from €1,964 to €2,021
- Other debts +€17,801
up €17,801 (+95.7%), from €18,593 to €36,394
- Profit (loss) carried forward -€15,524
down €15,524 (-39.6%), from -€39,189 to -€54,713
- Trade debts -€1,034
down €1,034 (-60.6%), from €1,708 to €674
- Tax, wage and social debts +€188
up €188 (+8.9%), from €2,112 to €2,300
- Gross operating margin +€4,411
up €4,411 (+26.0%), from -€16,985 to -€12,573
- Financial charges -€220
down €220 (-21.6%), from €1,019 to €799
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.
Cash bridge derived
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 | €3,684 | €5,116 | +€1,432 | +38.9% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €3,684 | €5,116 | +€1,432 | +38.9% |
| Amounts receivable within one year | 40/41 | €907 | €2,541 | +€1,634 | +180.1% |
| Trade receivables | 40 | €372 | €1,348 | +€976 | +262.3% |
| Other amounts receivable | 41 | €535 | €1,193 | +€658 | +122.9% |
| Cash at bank and in hand | 54/58 | €813 | €553 | -€260 | -32.0% |
| Deferred charges and accrued income | 490/1 | €1,964 | €2,021 | +€57 | +2.9% |
| Total equity and liabilities | 10/49 | €3,684 | €5,116 | +€1,432 | +38.9% |
| Equity | 10/15 | -€18,729 | -€34,253 | -€15,524 | -82.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€39,189 | -€54,713 | -€15,524 | -39.6% |
| Amounts payable | 17/49 | €22,413 | €39,368 | +€16,955 | +75.6% |
| Amounts payable within one year | 42/48 | €22,413 | €39,368 | +€16,955 | +75.6% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €1,708 | €674 | -€1,034 | -60.6% |
| Suppliers | 440/4 | €1,708 | €674 | -€1,034 | -60.6% |
| Taxes, remuneration and social security | 45 | €2,112 | €2,300 | +€188 | +8.9% |
| Taxes | 450/3 | €2,112 | €2,300 | +€188 | +8.9% |
| Other amounts payable | 47/48 | €18,593 | €36,394 | +€17,801 | +95.7% |
| Other operating charges | 640/8 | €1,381 | €1,417 | +€36 | +2.6% |
| Gross operating margin | 9900 | -€16,985 | -€12,573 | +€4,411 | +26.0% |
| Operating profit (loss) | 9901 | -€18,366 | -€13,990 | +€4,376 | +23.8% |
| Financial income | 75/76B | €68 | €6 | -€62 | -91.1% |
| Recurring financial income | 75 | €68 | €6 | -€62 | -91.1% |
| Financial charges | 65/66B | €1,019 | €799 | -€220 | -21.6% |
| Recurring financial charges | 65 | €1,019 | €799 | -€220 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,316 | -€14,783 | +€4,533 | +23.5% |
| Income taxes | 67/77 | €752 | €741 | -€11 | -1.5% |
| Profit (loss) for the period | 9904 | -€20,068 | -€15,524 | +€4,545 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,068 | -€15,524 | +€4,545 | +22.6% |
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 12 October 2026 via checked.be.