BOUSSALAA: 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.
BOUSSALAA
Largest movements
- Stocks and contracts +€15,002
up €15,002 (+33.2%), from €45,189 to €60,191
- Cash -€11,547
down €11,547 (-13.8%), from €83,939 to €72,392
mainly Investment in fixed assets (net) (-€31,222) and Debts after one year (-€17,613)
- Receivables within one year +€7,026
up €7,026 (+52.0%), from €13,511 to €20,537
of which Trade receivables: +€4,354
- Debts after one year -€17,613
down €17,613 (-27.5%), from €64,063 to €46,450
- Tax, wage and social debts +€14,956
up €14,956 (+157%), from €9,499 to €24,455
- Trade debts +€11,036
up €11,036 (+85.7%), from €12,876 to €23,912
- Profit (loss) carried forward +€3,605
up €3,605 (+4.4%), from €81,699 to €85,304
- Staff costs +€45,722
up €45,722 (+26.3%), from €173,951 to €219,673
- Gross operating margin +€41,529
up €41,529 (+18.5%), from €224,138 to €265,667
- Depreciation +€5,956
up €5,956 (+21.5%), from €27,735 to €33,691
- Other operating charges -€5,393
down €5,393 (-68.5%), from €7,876 to €2,483
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 | €290,256 | €299,843 | +€9,587 | +3.3% |
| Fixed assets | 21/28 | €143,233 | €140,764 | -€2,469 | -1.7% |
| Intangible fixed assets | 21 | €3,134 | €1,984 | -€1,150 | -36.7% |
| Tangible fixed assets | 22/27 | €136,863 | €135,544 | -€1,319 | -1.0% |
| Land and buildings | 22 | €69,029 | €63,277 | -€5,752 | -8.3% |
| Plant, machinery and equipment | 23 | €3,753 | €15,035 | +€11,282 | +301% |
| Furniture and vehicles | 24 | €40,036 | €25,957 | -€14,079 | -35.2% |
| Other tangible fixed assets | 26 | €24,045 | €31,275 | +€7,230 | +30.1% |
| Financial fixed assets | 28 | €3,236 | €3,236 | = | 0.0% |
| Current assets | 29/58 | €147,023 | €159,079 | +€12,056 | +8.2% |
| Stocks and contracts in progress | 3 | €45,189 | €60,191 | +€15,002 | +33.2% |
| Stocks | 30/36 | €45,189 | €60,191 | +€15,002 | +33.2% |
| Amounts receivable within one year | 40/41 | €13,511 | €20,537 | +€7,026 | +52.0% |
| Trade receivables | 40 | €13,511 | €17,865 | +€4,354 | +32.2% |
| Other amounts receivable | 41 | - | €2,672 | +€2,672 | |
| Cash at bank and in hand | 54/58 | €83,939 | €72,392 | -€11,547 | -13.8% |
| Deferred charges and accrued income | 490/1 | €4,384 | €5,959 | +€1,575 | +35.9% |
| Total equity and liabilities | 10/49 | €290,256 | €299,843 | +€9,587 | +3.3% |
| Equity | 10/15 | €151,233 | €154,838 | +€3,605 | +2.4% |
| Contributions | 10/11 | €63,213 | €63,213 | = | 0.0% |
| Capital | 10 | €63,213 | €63,213 | = | 0.0% |
| Issued capital | 100 | €63,213 | €63,213 | = | 0.0% |
| Reserves | 13 | €6,321 | €6,321 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,321 | €6,321 | = | 0.0% |
| Legal reserve | 130 | €6,321 | €6,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,699 | €85,304 | +€3,605 | +4.4% |
| Amounts payable | 17/49 | €139,023 | €145,005 | +€5,982 | +4.3% |
| Amounts payable after more than one year | 17 | €64,063 | €46,450 | -€17,613 | -27.5% |
| Financial debts | 170/4 | €64,063 | €46,450 | -€17,613 | -27.5% |
| Amounts payable within one year | 42/48 | €74,960 | €98,555 | +€23,595 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €52,585 | €50,188 | -€2,397 | -4.6% |
| Trade debts | 44 | €12,876 | €23,912 | +€11,036 | +85.7% |
| Suppliers | 440/4 | €12,876 | €23,912 | +€11,036 | +85.7% |
| Taxes, remuneration and social security | 45 | €9,499 | €24,455 | +€14,956 | +157% |
| Remuneration and social security | 454/9 | €9,499 | €24,455 | +€14,956 | +157% |
| Remuneration, social security and pensions | 62 | €173,951 | €219,673 | +€45,722 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,735 | €33,691 | +€5,956 | +21.5% |
| Other operating charges | 640/8 | €7,876 | €2,483 | -€5,393 | -68.5% |
| Gross operating margin | 9900 | €224,138 | €265,667 | +€41,529 | +18.5% |
| Operating profit (loss) | 9901 | €14,576 | €9,820 | -€4,756 | -32.6% |
| Financial income | 75/76B | €341 | €280 | -€61 | -17.9% |
| Recurring financial income | 75 | €341 | €280 | -€61 | -17.9% |
| Financial charges | 65/66B | €4,534 | €4,190 | -€344 | -7.6% |
| Recurring financial charges | 65 | €4,534 | €4,190 | -€344 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €10,383 | €5,910 | -€4,473 | -43.1% |
| Income taxes | 67/77 | €3,368 | €2,305 | -€1,063 | -31.6% |
| Profit (loss) for the period | 9904 | €7,015 | €3,605 | -€3,410 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,015 | €3,605 | -€3,410 | -48.6% |
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 28 October 2026 via checked.be.