BOUTIQUELLE: 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.
BOUTIQUELLE
Largest movements
- Stocks and contracts -€20,538
down €20,538 (-39.3%), from €52,264 to €31,726
- Cash -€13,314
down €13,314 (-72.7%), from €18,314 to €5,000
mainly Net result for the year (-€29,779) and Trade debts (-€8,093)
- Tangible fixed assets -€6,467
down €6,467 (-30.1%), from €21,483 to €15,016
of which Plant, machinery and equipment: -€3,398
- Deferred charges and accrued income +€3,200
new in 2025: €3,200
- Receivables within one year -€2,412
down €2,412 (-99.7%), from €2,420 to €8
of which Trade receivables: -€2,412
- Profit (loss) carried forward -€29,779
down €29,779 (-117%), from -€25,520 to -€55,300
- Trade debts -€8,093
down €8,093 (-21.6%), from €37,461 to €29,368
- Debts after one year -€3,962
down €3,962 (-5.4%), from €73,923 to €69,961
- Other debts +€1,134
new in 2025: €1,134
- Gross operating margin -€36,554
down €36,554, from €15,597 to -€20,957
- Staff costs -€31,704
down €31,704 (-97.5%), from €32,528 to €825
- Other operating charges -€783
down €783 (-63.8%), from €1,226 to €444
- Depreciation +€640
up €640 (+10.7%), from €5,993 to €6,633
- Financial charges -€583
down €583 (-42.3%), from €1,377 to €794
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 | €106,546 | €66,849 | -€39,697 | -37.3% |
| Formation expenses | 20 | €664 | €498 | -€166 | -25.0% |
| Fixed assets | 21/28 | €32,884 | €26,417 | -€6,467 | -19.7% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €21,483 | €15,016 | -€6,467 | -30.1% |
| Plant, machinery and equipment | 23 | €11,572 | €8,175 | -€3,398 | -29.4% |
| Furniture and vehicles | 24 | €5,608 | €3,400 | -€2,209 | -39.4% |
| Other tangible fixed assets | 26 | €4,302 | €3,441 | -€861 | -20.0% |
| Financial fixed assets | 28 | €11,400 | €11,400 | = | 0.0% |
| Current assets | 29/58 | €72,998 | €39,934 | -€33,064 | -45.3% |
| Stocks and contracts in progress | 3 | €52,264 | €31,726 | -€20,538 | -39.3% |
| Stocks | 30/36 | €52,264 | €31,726 | -€20,538 | -39.3% |
| Amounts receivable within one year | 40/41 | €2,420 | €8 | -€2,412 | -99.7% |
| Trade receivables | 40 | €2,412 | - | -€2,412 | |
| Other amounts receivable | 41 | €8 | €8 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,314 | €5,000 | -€13,314 | -72.7% |
| Deferred charges and accrued income | 490/1 | - | €3,200 | +€3,200 | |
| Total equity and liabilities | 10/49 | €106,546 | €66,849 | -€39,697 | -37.3% |
| Equity | 10/15 | -€18,020 | -€47,800 | -€29,779 | -165% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,520 | -€55,300 | -€29,779 | -117% |
| Amounts payable | 17/49 | €124,566 | €114,648 | -€9,918 | -8.0% |
| Amounts payable after more than one year | 17 | €73,923 | €69,961 | -€3,962 | -5.4% |
| Financial debts | 170/4 | €73,923 | €69,961 | -€3,962 | -5.4% |
| Amounts payable within one year | 42/48 | €50,643 | €44,687 | -€5,956 | -11.8% |
| Trade debts | 44 | €37,461 | €29,368 | -€8,093 | -21.6% |
| Suppliers | 440/4 | €37,461 | €29,368 | -€8,093 | -21.6% |
| Taxes, remuneration and social security | 45 | €13,182 | €14,184 | +€1,002 | +7.6% |
| Taxes | 450/3 | €9,556 | €12,594 | +€3,038 | +31.8% |
| Remuneration and social security | 454/9 | €3,626 | €1,590 | -€2,036 | -56.1% |
| Other amounts payable | 47/48 | - | €1,134 | +€1,134 | |
| Remuneration, social security and pensions | 62 | €32,528 | €825 | -€31,704 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,993 | €6,633 | +€640 | +10.7% |
| Other operating charges | 640/8 | €1,226 | €444 | -€783 | -63.8% |
| Gross operating margin | 9900 | €15,597 | -€20,957 | -€36,554 | |
| Operating profit (loss) | 9901 | -€24,150 | -€28,858 | -€4,708 | -19.5% |
| Financial income | 75/76B | €216 | €7 | -€209 | -96.8% |
| Recurring financial income | 75 | €216 | €7 | -€209 | -96.8% |
| Financial charges | 65/66B | €1,377 | €794 | -€583 | -42.3% |
| Recurring financial charges | 65 | €1,377 | €794 | -€583 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,311 | -€29,645 | -€4,335 | -17.1% |
| Income taxes | 67/77 | €209 | €134 | -€75 | -36.0% |
| Profit (loss) for the period | 9904 | -€25,520 | -€29,779 | -€4,259 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,520 | -€29,779 | -€4,259 | -16.7% |
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 1 November 2026 via checked.be.