Bousch: 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.
Bousch
Largest movements
- Stocks and contracts +€141,000
up €141,000 (+588%), from €24,000 to €165,000
of which Contracts in progress: +€106,000
- Receivables within one year -€115,299
down €115,299 (-44.1%), from €261,278 to €145,979
of which Trade receivables: -€86,204
- Deferred charges and accrued income +€49,193
up €49,193 (+2,187%), from €2,250 to €51,443
- Cash -€23,884
down €23,884 (-79.1%), from €30,190 to €6,306
mainly Stocks and contracts (-€141,000) and Net result for the year (-€53,990)
- Tangible fixed assets +€16,783
up €16,783 (+16.9%), from €99,317 to €116,100
of which Plant, machinery and equipment: +€31,949
- Trade debts +€115,029
up €115,029 (+95.7%), from €120,150 to €235,179
- Reserves -€53,990
down €53,990 (-62.3%), from €86,595 to €32,605
of which Distributable reserves: -€53,990
- Tax, wage and social debts +€7,823
up €7,823 (+3.5%), from €222,079 to €229,902
of which Taxes: +€7,956
- Staff costs +€69,305
up €69,305 (+62.7%), from €110,546 to €179,851
- Gross operating margin -€27,676
down €27,676 (-14.6%), from €189,311 to €161,635
- Taxes -€20,934
no longer reported in 2025 (was €20,934)
- Depreciation +€9,300
up €9,300 (+49.9%), from €18,631 to €27,932
- Other operating charges +€2,040
up €2,040 (+37.8%), from €5,399 to €7,439
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 | €447,424 | €516,287 | +€68,862 | +15.4% |
| Fixed assets | 21/28 | €129,707 | €147,559 | +€17,852 | +13.8% |
| Intangible fixed assets | 21 | - | €1,069 | +€1,069 | |
| Tangible fixed assets | 22/27 | €99,317 | €116,100 | +€16,783 | +16.9% |
| Plant, machinery and equipment | 23 | €36,918 | €68,867 | +€31,949 | +86.5% |
| Furniture and vehicles | 24 | €62,399 | €47,233 | -€15,166 | -24.3% |
| Financial fixed assets | 28 | €30,390 | €30,390 | = | 0.0% |
| Current assets | 29/58 | €317,717 | €368,728 | +€51,010 | +16.1% |
| Stocks and contracts in progress | 3 | €24,000 | €165,000 | +€141,000 | +588% |
| Stocks | 30/36 | - | €35,000 | +€35,000 | |
| Contracts in progress | 37 | €24,000 | €130,000 | +€106,000 | +442% |
| Amounts receivable within one year | 40/41 | €261,278 | €145,979 | -€115,299 | -44.1% |
| Trade receivables | 40 | €208,882 | €122,678 | -€86,204 | -41.3% |
| Other amounts receivable | 41 | €52,396 | €23,301 | -€29,095 | -55.5% |
| Cash at bank and in hand | 54/58 | €30,190 | €6,306 | -€23,884 | -79.1% |
| Deferred charges and accrued income | 490/1 | €2,250 | €51,443 | +€49,193 | +2,187% |
| Total equity and liabilities | 10/49 | €447,424 | €516,287 | +€68,862 | +15.4% |
| Equity | 10/15 | €105,195 | €51,205 | -€53,990 | -51.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,595 | €32,605 | -€53,990 | -62.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,735 | €30,745 | -€53,990 | -63.7% |
| Amounts payable | 17/49 | €342,229 | €465,081 | +€122,852 | +35.9% |
| Amounts payable within one year | 42/48 | €342,229 | €465,081 | +€122,852 | +35.9% |
| Trade debts | 44 | €120,150 | €235,179 | +€115,029 | +95.7% |
| Suppliers | 440/4 | €120,150 | €235,179 | +€115,029 | +95.7% |
| Taxes, remuneration and social security | 45 | €222,079 | €229,902 | +€7,823 | +3.5% |
| Taxes | 450/3 | €207,521 | €215,477 | +€7,956 | +3.8% |
| Remuneration and social security | 454/9 | €14,558 | €14,425 | -€133 | -0.9% |
| Remuneration, social security and pensions | 62 | €110,546 | €179,851 | +€69,305 | +62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,631 | €27,932 | +€9,300 | +49.9% |
| Other operating charges | 640/8 | €5,399 | €7,439 | +€2,040 | +37.8% |
| Gross operating margin | 9900 | €189,311 | €161,635 | -€27,676 | -14.6% |
| Operating profit (loss) | 9901 | €54,734 | -€53,587 | -€108,321 | |
| Financial income | 75/76B | €50 | €300 | +€251 | +503% |
| Recurring financial income | 75 | €50 | €300 | +€251 | +503% |
| Financial charges | 65/66B | €1,660 | €703 | -€956 | -57.6% |
| Recurring financial charges | 65 | €1,660 | €703 | -€956 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €53,124 | -€53,990 | -€107,114 | |
| Income taxes | 67/77 | €20,934 | - | -€20,934 | |
| Profit (loss) for the period | 9904 | €32,190 | -€53,990 | -€86,180 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,190 | -€53,990 | -€86,180 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.