BOUTIQUE 82: 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.
BOUTIQUE 82
Largest movements
- Receivables within one year +€50,956
up €50,956 (+182%), from €27,959 to €78,914
- Current investments +€6,000
up €6,000 (+300%), from €2,000 to €8,000
- Cash -€2,452
down €2,452 (-2.3%), from €105,022 to €102,570
mainly Contributions, distributions and other (-€188,596) and Receivables within one year (-€50,956)
- Other debts +€164,599
up €164,599 (+74,077%), from €222 to €164,821
- Profit (loss) carried forward -€105,739
down €105,739 (-100%), from €105,739 to €0
- Tax, wage and social debts -€5,795
down €5,795 (-22.5%), from €25,733 to €19,937
- Gross operating margin +€23,743
up €23,743 (+27.8%), from €85,524 to €109,266
- Taxes +€5,438
up €5,438 (+32.7%), from €16,638 to €22,077
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 | €137,525 | €191,048 | +€53,523 | +38.9% |
| Fixed assets | 21/28 | €2,104 | €1,095 | -€1,009 | -47.9% |
| Tangible fixed assets | 22/27 | €2,104 | €1,095 | -€1,009 | -47.9% |
| Plant, machinery and equipment | 23 | €358 | €0 | -€358 | -100% |
| Furniture and vehicles | 24 | €1,746 | €1,095 | -€650 | -37.2% |
| Current assets | 29/58 | €135,421 | €189,952 | +€54,531 | +40.3% |
| Amounts receivable within one year | 40/41 | €27,959 | €78,914 | +€50,956 | +182% |
| Trade receivables | 40 | €27,959 | €78,914 | +€50,956 | +182% |
| Current investments | 50/53 | €2,000 | €8,000 | +€6,000 | +300% |
| Cash at bank and in hand | 54/58 | €105,022 | €102,570 | -€2,452 | -2.3% |
| Deferred charges and accrued income | 490/1 | €440 | €468 | +€28 | +6.3% |
| Total equity and liabilities | 10/49 | €137,525 | €191,048 | +€53,523 | +38.9% |
| Equity | 10/15 | €107,239 | €1,500 | -€105,739 | -98.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,739 | €0 | -€105,739 | -100% |
| Amounts payable | 17/49 | €30,286 | €189,548 | +€159,262 | +526% |
| Amounts payable within one year | 42/48 | €30,286 | €189,548 | +€159,262 | +526% |
| Trade debts | 44 | €4,331 | €4,790 | +€459 | +10.6% |
| Suppliers | 440/4 | €4,331 | €4,790 | +€459 | +10.6% |
| Taxes, remuneration and social security | 45 | €25,733 | €19,937 | -€5,795 | -22.5% |
| Taxes | 450/3 | €25,733 | €19,937 | -€5,795 | -22.5% |
| Other amounts payable | 47/48 | €222 | €164,821 | +€164,599 | +74,077% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,178 | €1,009 | -€169 | -14.3% |
| Other operating charges | 640/8 | €511 | €957 | +€446 | +87.3% |
| Gross operating margin | 9900 | €85,524 | €109,266 | +€23,743 | +27.8% |
| Operating profit (loss) | 9901 | €83,835 | €107,300 | +€23,465 | +28.0% |
| Financial income | 75/76B | - | €665 | +€665 | |
| Recurring financial income | 75 | - | €665 | +€665 | |
| Financial charges | 65/66B | €3,597 | €3,032 | -€565 | -15.7% |
| Recurring financial charges | 65 | €3,597 | €3,032 | -€565 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €80,239 | €104,934 | +€24,695 | +30.8% |
| Income taxes | 67/77 | €16,638 | €22,077 | +€5,438 | +32.7% |
| Profit (loss) for the period | 9904 | €63,600 | €82,857 | +€19,257 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,600 | €82,857 | +€19,257 | +30.3% |
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 30 October 2026 via checked.be.