Boutec: 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.
Boutec
Largest movements
- Stocks and contracts +€15,368
new in 2025: €15,368
- Cash +€14,785
up €14,785 (+140.2%), from €10,546 to €25,331
mainly Trade debts (+€28,715) and Net result for the year (+€18,128)
- Receivables within one year +€10,621
up €10,621 (+64.5%), from €16,477 to €27,098
of which Trade receivables: +€17,856
- Financial fixed assets -€1,050
no longer reported in 2025 (was €1,050)
- Trade debts +€28,715
up €28,715 (+385.0%), from €7,459 to €36,175
- Reserves +€18,128
up €18,128 (+91.0%), from €19,924 to €38,052
- Debts after one year -€8,518
down €8,518 (-66.3%), from €12,840 to €4,322
- Other debts +€998
up €998 (+165.0%), from €605 to €1,603
- Gross operating margin -€1,851
down €1,851 (-5.3%), from €34,772 to €32,921
- Financial charges -€592
down €592 (-47.5%), from €1,245 to €653
- Other operating charges +€439
up €439 (+158.9%), from €277 to €716
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 | €55,579 | €93,818 | +€38,239 | +68.8% |
| Fixed assets | 21/28 | €25,677 | €23,481 | -€2,196 | -8.6% |
| Intangible fixed assets | 21 | €845 | €636 | -€209 | -24.8% |
| Tangible fixed assets | 22/27 | €23,781 | €22,845 | -€937 | -3.9% |
| Plant, machinery and equipment | 23 | €1,974 | €1,504 | -€470 | -23.8% |
| Furniture and vehicles | 24 | €21,808 | €21,341 | -€467 | -2.1% |
| Financial fixed assets | 28 | €1,050 | - | -€1,050 | |
| Current assets | 29/58 | €29,903 | €70,337 | +€40,435 | +135.2% |
| Stocks and contracts in progress | 3 | - | €15,368 | +€15,368 | |
| Stocks | 30/36 | - | €15,368 | +€15,368 | |
| Amounts receivable within one year | 40/41 | €16,477 | €27,098 | +€10,621 | +64.5% |
| Trade receivables | 40 | €8,831 | €26,687 | +€17,856 | +202.2% |
| Other amounts receivable | 41 | €7,645 | €411 | -€7,234 | -94.6% |
| Cash at bank and in hand | 54/58 | €10,546 | €25,331 | +€14,785 | +140.2% |
| Deferred charges and accrued income | 490/1 | €2,880 | €2,540 | -€340 | -11.8% |
| Total equity and liabilities | 10/49 | €55,579 | €93,818 | +€38,239 | +68.8% |
| Equity | 10/15 | €21,924 | €40,052 | +€18,128 | +82.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,924 | €38,052 | +€18,128 | +91.0% |
| Distributable reserves | 133 | €19,924 | €38,052 | +€18,128 | +91.0% |
| Amounts payable | 17/49 | €33,655 | €53,766 | +€20,111 | +59.8% |
| Amounts payable after more than one year | 17 | €12,840 | €4,322 | -€8,518 | -66.3% |
| Financial debts | 170/4 | €12,840 | €4,322 | -€8,518 | -66.3% |
| Amounts payable within one year | 42/48 | €19,745 | €48,904 | +€29,158 | +147.7% |
| Current portion of amounts payable after more than one year | 42 | €8,518 | €8,518 | = | 0.0% |
| Trade debts | 44 | €7,459 | €36,175 | +€28,715 | +385.0% |
| Suppliers | 440/4 | €7,459 | €36,175 | +€28,715 | +385.0% |
| Taxes, remuneration and social security | 45 | €3,164 | €2,608 | -€555 | -17.6% |
| Taxes | 450/3 | €3,164 | €2,608 | -€555 | -17.6% |
| Other amounts payable | 47/48 | €605 | €1,603 | +€998 | +165.0% |
| Accrued charges and deferred income | 492/3 | €1,070 | €540 | -€530 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,724 | €7,855 | +€131 | +1.7% |
| Other operating charges | 640/8 | €277 | €716 | +€439 | +158.9% |
| Gross operating margin | 9900 | €34,772 | €32,921 | -€1,851 | -5.3% |
| Operating profit (loss) | 9901 | €26,771 | €24,350 | -€2,421 | -9.0% |
| Financial income | 75/76B | €38 | €21 | -€17 | -44.7% |
| Recurring financial income | 75 | €38 | €21 | -€17 | -44.7% |
| Financial charges | 65/66B | €1,245 | €653 | -€592 | -47.5% |
| Recurring financial charges | 65 | €1,245 | €653 | -€592 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €25,565 | €23,718 | -€1,847 | -7.2% |
| Income taxes | 67/77 | €5,641 | €5,590 | -€51 | -0.9% |
| Profit (loss) for the period | 9904 | €19,924 | €18,128 | -€1,796 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,924 | €18,128 | -€1,796 | -9.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.