Bout: 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.
Bout
Largest movements
- Cash +€34,107
up €34,107 (+39.1%), from €87,163 to €121,270
mainly Net result for the year (+€59,582) and Depreciation (+€16,610)
- Receivables within one year +€15,901
up €15,901 (+39.0%), from €40,822 to €56,723
of which Trade receivables: +€15,905
- Deferred charges and accrued income +€8,735
up €8,735 (+6402.1%), from €136 to €8,871
- Tangible fixed assets -€3,435
down €3,435 (-8.7%), from €39,408 to €35,973
of which Other tangible fixed assets: -€5,215
- Reserves +€60,000
up €60,000 (+105.3%), from €57,000 to €117,000
- Tax, wage and social debts -€2,380
down €2,380 (-11.7%), from €20,382 to €18,002
- Gross operating margin +€11,526
up €11,526 (+13.8%), from €83,693 to €95,219
- Depreciation +€1,974
up €1,974 (+13.5%), from €14,636 to €16,610
- Taxes +€1,296
up €1,296 (+8.8%), from €14,665 to €15,961
- Financial charges +€1,195
up €1,195 (+452.5%), from €264 to €1,459
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 | €178,072 | €233,050 | +€54,978 | +30.9% |
| Fixed assets | 21/28 | €49,950 | €46,186 | -€3,765 | -7.5% |
| Intangible fixed assets | 21 | €10,542 | €10,213 | -€330 | -3.1% |
| Tangible fixed assets | 22/27 | €39,408 | €35,973 | -€3,435 | -8.7% |
| Plant, machinery and equipment | 23 | €12,439 | €18,262 | +€5,824 | +46.8% |
| Furniture and vehicles | 24 | €7,015 | €2,972 | -€4,043 | -57.6% |
| Other tangible fixed assets | 26 | €19,954 | €14,739 | -€5,215 | -26.1% |
| Current assets | 29/58 | €128,121 | €186,864 | +€58,743 | +45.8% |
| Amounts receivable within one year | 40/41 | €40,822 | €56,723 | +€15,901 | +39.0% |
| Trade receivables | 40 | €39,043 | €54,948 | +€15,905 | +40.7% |
| Other amounts receivable | 41 | €1,779 | €1,775 | -€4 | -0.2% |
| Cash at bank and in hand | 54/58 | €87,163 | €121,270 | +€34,107 | +39.1% |
| Deferred charges and accrued income | 490/1 | €136 | €8,871 | +€8,735 | +6402.1% |
| Total equity and liabilities | 10/49 | €178,072 | €233,050 | +€54,978 | +30.9% |
| Equity | 10/15 | €59,927 | €119,510 | +€59,582 | +99.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €57,000 | €117,000 | +€60,000 | +105.3% |
| Distributable reserves | 133 | €57,000 | €117,000 | +€60,000 | +105.3% |
| Profit (loss) carried forward | 14 | €427 | €10 | -€418 | -97.8% |
| Amounts payable | 17/49 | €118,144 | €113,540 | -€4,604 | -3.9% |
| Amounts payable within one year | 42/48 | €118,144 | €113,079 | -€5,066 | -4.3% |
| Trade debts | 44 | €15,345 | €14,371 | -€974 | -6.3% |
| Suppliers | 440/4 | €15,345 | €14,371 | -€974 | -6.3% |
| Taxes, remuneration and social security | 45 | €20,382 | €18,002 | -€2,380 | -11.7% |
| Taxes | 450/3 | €20,382 | €18,002 | -€2,380 | -11.7% |
| Other amounts payable | 47/48 | €82,418 | €80,706 | -€1,712 | -2.1% |
| Accrued charges and deferred income | 492/3 | - | €461 | +€461 | |
| Remuneration, social security and pensions | 62 | - | €467 | +€467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,636 | €16,610 | +€1,974 | +13.5% |
| Other operating charges | 640/8 | €1,267 | €1,150 | -€117 | -9.2% |
| Gross operating margin | 9900 | €83,693 | €95,219 | +€11,526 | +13.8% |
| Operating profit (loss) | 9901 | €67,791 | €76,992 | +€9,202 | +13.6% |
| Financial income | 75/76B | €30 | €10 | -€20 | -65.8% |
| Recurring financial income | 75 | €30 | €10 | -€20 | -65.8% |
| Financial charges | 65/66B | €264 | €1,459 | +€1,195 | +452.5% |
| Recurring financial charges | 65 | €264 | €1,459 | +€1,195 | +452.5% |
| Profit (loss) for the period before taxes | 9903 | €67,556 | €75,543 | +€7,987 | +11.8% |
| Income taxes | 67/77 | €14,665 | €15,961 | +€1,296 | +8.8% |
| Profit (loss) for the period | 9904 | €52,892 | €59,582 | +€6,691 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,892 | €59,582 | +€6,691 | +12.6% |
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 9 October 2026 via checked.be.