BOUTECA & PARTNERS: 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.
BOUTECA & PARTNERS
Largest movements
- Cash -€30,367
down €30,367 (-60.2%), from €50,418 to €20,051
mainly Contributions, distributions and other (-€116,798) and Receivables within one year (-€29,477)
- Receivables within one year +€29,477
up €29,477 (+406%), from €7,260 to €36,737
- Tangible fixed assets -€24,403
down €24,403 (-5.0%), from €484,836 to €460,432
of which Land and buildings: -€15,105
- Reserves -€48,264
down €48,264 (-7.6%), from €638,514 to €590,250
of which Distributable reserves: -€48,264
- Debts after one year +€28,953
up €28,953 (+7.0%), from €410,914 to €439,867
of which Other amounts payable: +€63,387
- Gross operating margin +€103,649
up €103,649 (+110%), from €94,569 to €198,218
- Staff costs +€47,885
new in 2025: €47,885
- Taxes +€28,909
up €28,909 (+202%), from €14,337 to €43,246
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 | €1,153,371 | €1,128,791 | -€24,580 | -2.1% |
| Fixed assets | 21/28 | €1,034,836 | €1,010,669 | -€24,167 | -2.3% |
| Tangible fixed assets | 22/27 | €484,836 | €460,432 | -€24,403 | -5.0% |
| Land and buildings | 22 | €420,592 | €405,486 | -€15,105 | -3.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,740 | €3,729 | -€11 | -0.3% |
| Other tangible fixed assets | 26 | €60,504 | €51,217 | -€9,287 | -15.3% |
| Financial fixed assets | 28 | €550,000 | €550,236 | +€236 | 0.0% |
| Current assets | 29/58 | €118,536 | €118,122 | -€413 | -0.3% |
| Amounts receivable within one year | 40/41 | €7,260 | €36,737 | +€29,477 | +406% |
| Trade receivables | 40 | €7,260 | €36,737 | +€29,477 | +406% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,418 | €20,051 | -€30,367 | -60.2% |
| Deferred charges and accrued income | 490/1 | €858 | €1,335 | +€477 | +55.6% |
| Total equity and liabilities | 10/49 | €1,153,371 | €1,128,791 | -€24,580 | -2.1% |
| Equity | 10/15 | €644,714 | €596,450 | -€48,264 | -7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €638,514 | €590,250 | -€48,264 | -7.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,955 | €2,955 | = | 0.0% |
| Distributable reserves | 133 | €635,559 | €587,295 | -€48,264 | -7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €508,657 | €532,341 | +€23,683 | +4.7% |
| Amounts payable after more than one year | 17 | €410,914 | €439,867 | +€28,953 | +7.0% |
| Financial debts | 170/4 | €410,867 | €376,433 | -€34,433 | -8.4% |
| Other amounts payable | 178/9 | €47 | €63,434 | +€63,387 | +134,865% |
| Amounts payable within one year | 42/48 | €97,744 | €88,683 | -€9,061 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €34,845 | €34,433 | -€412 | -1.2% |
| Trade debts | 44 | €3,160 | €968 | -€2,192 | -69.4% |
| Suppliers | 440/4 | €3,160 | €968 | -€2,192 | -69.4% |
| Taxes, remuneration and social security | 45 | €59,738 | €53,282 | -€6,456 | -10.8% |
| Taxes | 450/3 | €59,738 | €47,512 | -€12,226 | -20.5% |
| Remuneration and social security | 454/9 | - | €5,769 | +€5,769 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €3,791 | +€3,791 | |
| Remuneration, social security and pensions | 62 | - | €47,885 | +€47,885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,692 | €27,018 | -€1,674 | -5.8% |
| Other operating charges | 640/8 | €3,408 | €3,443 | +€35 | +1.0% |
| Gross operating margin | 9900 | €94,569 | €198,218 | +€103,649 | +110% |
| Operating profit (loss) | 9901 | €62,469 | €119,872 | +€57,403 | +91.9% |
| Financial income | 75/76B | €989 | €729 | -€260 | -26.3% |
| Recurring financial income | 75 | €989 | €729 | -€260 | -26.3% |
| Financial charges | 65/66B | €7,231 | €8,820 | +€1,589 | +22.0% |
| Recurring financial charges | 65 | €7,231 | €8,820 | +€1,589 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €56,227 | €111,780 | +€55,553 | +98.8% |
| Income taxes | 67/77 | €14,337 | €43,246 | +€28,909 | +202% |
| Profit (loss) for the period | 9904 | €41,891 | €68,535 | +€26,644 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,891 | €68,535 | +€26,644 | +63.6% |
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 22 October 2026 via checked.be.