BOUTE ORL: 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.
BOUTE ORL
Largest movements
- Cash -€78,905
down €78,905 (-67.4%), from €117,009 to €38,104
mainly Contributions, distributions and other (-€72,583) and Current investments (-€46,349)
- Current investments +€46,349
new in 2025: €46,349
- Receivables within one year +€44,831
up €44,831 (+1744.3%), from €2,570 to €47,402
of which Trade receivables: +€44,279
- Tangible fixed assets -€25,270
down €25,270 (-11.4%), from €220,940 to €195,670
- Profit (loss) carried forward +€46,996
up €46,996 (+109.3%), from €43,004 to €90,000
- Tax, wage and social debts -€35,074
no longer reported in 2025 (was €35,074)
of which Taxes: -€35,074
- Other debts -€19,874
down €19,874 (-18.3%), from €108,859 to €88,985
- Debts after one year -€6,525
down €6,525 (-5.2%), from €126,512 to €119,987
- Gross operating margin +€45,460
up €45,460 (+31.6%), from €144,087 to €189,547
- Taxes +€9,791
up €9,791 (+41.1%), from €23,799 to €33,590
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 | €340,627 | €327,731 | -€12,897 | -3.8% |
| Fixed assets | 21/28 | €220,940 | €195,670 | -€25,270 | -11.4% |
| Tangible fixed assets | 22/27 | €220,940 | €195,670 | -€25,270 | -11.4% |
| Land and buildings | 22 | €168,713 | €158,140 | -€10,573 | -6.3% |
| Plant, machinery and equipment | 23 | €42,745 | €31,553 | -€11,192 | -26.2% |
| Furniture and vehicles | 24 | €9,482 | €5,977 | -€3,505 | -37.0% |
| Current assets | 29/58 | €119,688 | €132,061 | +€12,373 | +10.3% |
| Amounts receivable within one year | 40/41 | €2,570 | €47,402 | +€44,831 | +1744.3% |
| Trade receivables | 40 | €2,570 | €46,849 | +€44,279 | +1722.8% |
| Other amounts receivable | 41 | - | €553 | +€553 | |
| Current investments | 50/53 | - | €46,349 | +€46,349 | |
| Cash at bank and in hand | 54/58 | €117,009 | €38,104 | -€78,905 | -67.4% |
| Deferred charges and accrued income | 490/1 | €108 | €206 | +€97 | +89.8% |
| Total equity and liabilities | 10/49 | €340,627 | €327,731 | -€12,897 | -3.8% |
| Equity | 10/15 | €63,464 | €110,460 | +€46,996 | +74.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,004 | €90,000 | +€46,996 | +109.3% |
| Amounts payable | 17/49 | €277,163 | €217,271 | -€59,893 | -21.6% |
| Amounts payable after more than one year | 17 | €126,512 | €119,987 | -€6,525 | -5.2% |
| Financial debts | 170/4 | €126,512 | €119,987 | -€6,525 | -5.2% |
| Amounts payable within one year | 42/48 | €150,652 | €97,284 | -€53,368 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €6,389 | €6,525 | +€135 | +2.1% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €329 | €1,764 | +€1,435 | +436.2% |
| Suppliers | 440/4 | €329 | €1,764 | +€1,435 | +436.2% |
| Taxes, remuneration and social security | 45 | €35,074 | - | -€35,074 | |
| Taxes | 450/3 | €35,074 | - | -€35,074 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €108,859 | €88,985 | -€19,874 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,514 | €27,438 | +€924 | +3.5% |
| Other operating charges | 640/8 | €1,864 | €1,870 | +€6 | +0.3% |
| Non-recurring operating charges | 66A | - | €2,570 | +€2,570 | |
| Gross operating margin | 9900 | €144,087 | €189,547 | +€45,460 | +31.6% |
| Operating profit (loss) | 9901 | €115,710 | €157,670 | +€41,960 | +36.3% |
| Financial income | 75/76B | €100 | €396 | +€296 | +296.8% |
| Recurring financial income | 75 | €100 | €396 | +€296 | +296.8% |
| Financial charges | 65/66B | €3,007 | €4,897 | +€1,890 | +62.8% |
| Recurring financial charges | 65 | €3,007 | €4,897 | +€1,890 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €112,803 | €153,170 | +€40,366 | +35.8% |
| Income taxes | 67/77 | €23,799 | €33,590 | +€9,791 | +41.1% |
| Profit (loss) for the period | 9904 | €89,004 | €119,579 | +€30,575 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,004 | €119,579 | +€30,575 | +34.4% |
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 10 October 2026 via checked.be.