BOUTIQUE IN: 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 IN
Largest movements
- Tangible fixed assets -€47,578
down €47,578 (-8.4%), from €566,233 to €518,656
of which Land and buildings: -€44,746
- Cash -€41,314
down €41,314 (-92.3%), from €44,764 to €3,450
mainly Net result for the year (-€62,610) and Current portion of long-term debt (-€39,889)
- Current portion of long-term debt -€39,889
no longer reported in 2025 (was €39,889)
- Profit (loss) carried forward -€35,117
no longer reported in 2025 (was €35,117)
- Reserves -€27,494
down €27,494 (-7.9%), from €348,964 to €321,470
of which Tax-exempt reserves: -€18,971
- Other debts +€20,888
up €20,888 (+36.7%), from €56,844 to €77,732
- Trade debts -€7,244
down €7,244 (-67.4%), from €10,753 to €3,509
- Staff costs -€27,461
down €27,461 (-51.1%), from €53,731 to €26,271
- Gross operating margin -€7,638
down €7,638 (-28.0%), from €27,315 to €19,677
- Depreciation -€3,177
down €3,177 (-6.3%), from €50,754 to €47,578
- Financial charges -€1,006
down €1,006 (-28.9%), from €3,480 to €2,474
- Financial income -€903
no longer reported in 2025 (was €903)
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 | €613,797 | €522,105 | -€91,692 | -14.9% |
| Fixed assets | 21/28 | €566,233 | €518,656 | -€47,578 | -8.4% |
| Tangible fixed assets | 22/27 | €566,233 | €518,656 | -€47,578 | -8.4% |
| Land and buildings | 22 | €549,477 | €504,732 | -€44,746 | -8.1% |
| Plant, machinery and equipment | 23 | €16,756 | €13,924 | -€2,832 | -16.9% |
| Current assets | 29/58 | €47,564 | €3,450 | -€44,114 | -92.7% |
| Cash at bank and in hand | 54/58 | €44,764 | €3,450 | -€41,314 | -92.3% |
| Deferred charges and accrued income | 490/1 | €2,800 | - | -€2,800 | |
| Total equity and liabilities | 10/49 | €613,797 | €522,105 | -€91,692 | -14.9% |
| Equity | 10/15 | €408,870 | €346,259 | -€62,610 | -15.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Contributions outside capital | 11 | €24,789 | - | -€24,789 | |
| Other | 1109/19 | €24,789 | - | -€24,789 | |
| Reserves | 13 | €348,964 | €321,470 | -€27,494 | -7.9% |
| Tax-exempt reserves | 132 | €246,485 | €227,514 | -€18,971 | -7.7% |
| Distributable reserves | 133 | €102,479 | €93,956 | -€8,523 | -8.3% |
| Profit (loss) carried forward | 14 | €35,117 | - | -€35,117 | |
| Provisions and deferred taxes | 16 | €82,162 | €75,838 | -€6,324 | -7.7% |
| Deferred taxes | 168 | €82,162 | €75,838 | -€6,324 | -7.7% |
| Amounts payable | 17/49 | €122,766 | €100,008 | -€22,757 | -18.5% |
| Amounts payable within one year | 42/48 | €122,766 | €100,008 | -€22,757 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €39,889 | - | -€39,889 | |
| Trade debts | 44 | €10,753 | €3,509 | -€7,244 | -67.4% |
| Suppliers | 440/4 | €10,753 | €3,509 | -€7,244 | -67.4% |
| Taxes, remuneration and social security | 45 | €15,280 | €18,767 | +€3,487 | +22.8% |
| Taxes | 450/3 | €965 | €2,191 | +€1,226 | +127% |
| Remuneration and social security | 454/9 | €14,315 | €16,576 | +€2,261 | +15.8% |
| Other amounts payable | 47/48 | €56,844 | €77,732 | +€20,888 | +36.7% |
| Non-recurring operating income | 76A | €3,095 | - | -€3,095 | |
| Remuneration, social security and pensions | 62 | €53,731 | €26,271 | -€27,461 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,754 | €47,578 | -€3,177 | -6.3% |
| Other operating charges | 640/8 | €12,737 | €12,289 | -€448 | -3.5% |
| Non-recurring operating charges | 66A | €4,289 | - | -€4,289 | |
| Gross operating margin | 9900 | €27,315 | €19,677 | -€7,638 | -28.0% |
| Operating profit (loss) | 9901 | -€94,197 | -€66,460 | +€27,737 | +29.4% |
| Financial income | 75/76B | €903 | - | -€903 | |
| Recurring financial income | 75 | €903 | - | -€903 | |
| Financial charges | 65/66B | €3,480 | €2,474 | -€1,006 | -28.9% |
| Recurring financial charges | 65 | €3,480 | €2,474 | -€1,006 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€96,774 | -€68,934 | +€27,839 | +28.8% |
| Transfer from deferred taxes | 780 | €7,838 | €6,324 | -€1,515 | -19.3% |
| Income taxes | 67/77 | -€470 | - | +€470 | |
| Profit (loss) for the period | 9904 | -€88,465 | -€62,610 | +€25,855 | +29.2% |
| Transfer from tax-exempt reserves | 789 | €23,515 | €18,971 | -€4,544 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,950 | -€43,639 | +€21,310 | +32.8% |
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 26 October 2026 via checked.be.