BOUSCAS: 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.
BOUSCAS
Largest movements
- Financial fixed assets -€2.6m
down €2.6m (-16.1%), from €16.0m to €13.5m
- Current investments +€301,527
up €301,527 (+32.7%), from €921,734 to €1.2m
- Profit (loss) carried forward -€2.8m
down €2.8m (-18.7%), from €14.9m to €12.1m
- Debts after one year +€827,940
up €827,940 (+42.5%), from €1.9m to €2.8m
of which Financial debts: +€827,552
- Other debts -€202,759
down €202,759 (-14.8%), from €1.4m to €1.2m
- Financial charges +€1.8m
up €1.8m (+187%), from €963,262 to €2.8m
of which Non-recurring financial charges: +€1.8m
- Financial income -€1.4m
down €1.4m (-95.8%), from €1.5m to €63,832
of which Financial income: -€861,451
- Gross operating margin -€21,519
down €21,519 (-38.6%), from -€55,817 to -€77,336
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 | €18,319,209 | €16,160,249 | -€2.2m | -11.8% |
| Fixed assets | 21/28 | €16,031,444 | €13,457,694 | -€2.6m | -16.1% |
| Financial fixed assets | 28 | €16,031,444 | €13,457,694 | -€2.6m | -16.1% |
| Current assets | 29/58 | €2,287,766 | €2,702,555 | +€414,789 | +18.1% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Trade receivables | 290 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,083,114 | €1,231,107 | +€147,993 | +13.7% |
| Other amounts receivable | 41 | €1,083,114 | €1,231,107 | +€147,993 | +13.7% |
| Current investments | 50/53 | €921,734 | €1,223,261 | +€301,527 | +32.7% |
| Cash at bank and in hand | 54/58 | €172,917 | €138,186 | -€34,731 | -20.1% |
| Total equity and liabilities | 10/49 | €18,319,209 | €16,160,249 | -€2.2m | -11.8% |
| Equity | 10/15 | €14,986,533 | €12,209,833 | -€2.8m | -18.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,876,533 | €12,099,833 | -€2.8m | -18.7% |
| Amounts payable | 17/49 | €3,332,676 | €3,950,416 | +€617,739 | +18.5% |
| Amounts payable after more than one year | 17 | €1,946,950 | €2,774,891 | +€827,940 | +42.5% |
| Financial debts | 170/4 | €1,946,950 | €2,774,503 | +€827,552 | +42.5% |
| Other amounts payable | 178/9 | - | €388 | +€388 | |
| Amounts payable within one year | 42/48 | €1,385,726 | €1,175,525 | -€210,201 | -15.2% |
| Financial debts | 43 | - | €4,002 | +€4,002 | |
| Credit institutions | 430/8 | - | €4,002 | +€4,002 | |
| Trade debts | 44 | €12,442 | €998 | -€11,444 | -92.0% |
| Suppliers | 440/4 | €12,442 | €998 | -€11,444 | -92.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,373,284 | €1,170,525 | -€202,759 | -14.8% |
| Non-recurring operating charges | 66A | €400,000 | €0 | -€400,000 | -100% |
| Gross operating margin | 9900 | -€55,817 | -€77,336 | -€21,519 | -38.6% |
| Operating profit (loss) | 9901 | -€455,817 | -€77,336 | +€378,481 | +83.0% |
| Financial income | 75/76B | €1,508,592 | €63,832 | -€1.4m | -95.8% |
| Recurring financial income | 75 | €925,283 | €63,832 | -€861,451 | -93.1% |
| Non-recurring financial income | 76B | €583,309 | €0 | -€583,309 | -100% |
| Financial charges | 65/66B | €963,262 | €2,763,196 | +€1.8m | +187% |
| Recurring financial charges | 65 | €169,084 | €181,120 | +€12,036 | +7.1% |
| Non-recurring financial charges | 66B | €794,178 | €2,582,075 | +€1.8m | +225% |
| Profit (loss) for the period before taxes | 9903 | €89,513 | -€2,776,699 | -€2.9m | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €89,513 | -€2,776,699 | -€2.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €89,513 | -€2,776,699 | -€2.9m |
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 16 October 2026 via checked.be.