BOUTONDOR: 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.
BOUTONDOR
Largest movements
- Tangible fixed assets -€21,134
down €21,134 (-7.4%), from €283,728 to €262,593
of which Plant, machinery and equipment: -€15,400
- Debts after one year -€44,948
down €44,948 (-20.3%), from €221,125 to €176,177
- Reserves +€13,344
up €13,344 (+69.2%), from €19,273 to €32,617
- Tax, wage and social debts +€7,536
up €7,536 (+195%), from €3,869 to €11,405
of which Taxes: +€5,936
- Gross operating margin +€26,531
up €26,531 (+47.1%), from €56,376 to €82,907
- Taxes +€7,356
up €7,356 (+495%), from €1,487 to €8,843
- Depreciation +€2,173
up €2,173 (+5.0%), from €43,090 to €45,264
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 | €358,435 | €338,590 | -€19,845 | -5.5% |
| Fixed assets | 21/28 | €305,980 | €283,455 | -€22,525 | -7.4% |
| Intangible fixed assets | 21 | €22,252 | €20,861 | -€1,391 | -6.2% |
| Tangible fixed assets | 22/27 | €283,728 | €262,593 | -€21,134 | -7.4% |
| Land and buildings | 22 | €235,348 | €221,561 | -€13,787 | -5.9% |
| Plant, machinery and equipment | 23 | €43,826 | €28,426 | -€15,400 | -35.1% |
| Furniture and vehicles | 24 | €4,553 | €12,606 | +€8,052 | +177% |
| Current assets | 29/58 | €52,455 | €55,135 | +€2,680 | +5.1% |
| Stocks and contracts in progress | 3 | €19,141 | €19,139 | -€2 | 0.0% |
| Stocks | 30/36 | €19,141 | €19,139 | -€2 | 0.0% |
| Amounts receivable within one year | 40/41 | - | €1,764 | +€1,764 | |
| Trade receivables | 40 | - | €1,764 | +€1,764 | |
| Cash at bank and in hand | 54/58 | €31,972 | €33,179 | +€1,207 | +3.8% |
| Deferred charges and accrued income | 490/1 | €1,342 | €1,053 | -€289 | -21.5% |
| Total equity and liabilities | 10/49 | €358,435 | €338,590 | -€19,845 | -5.5% |
| Equity | 10/15 | €47,800 | €63,604 | +€15,804 | +33.1% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €19,273 | €32,617 | +€13,344 | +69.2% |
| Distributable reserves | 133 | €19,273 | €32,617 | +€13,344 | +69.2% |
| Profit (loss) carried forward | 14 | -€2,460 | - | +€2,460 | |
| Amounts payable | 17/49 | €310,635 | €274,986 | -€35,649 | -11.5% |
| Amounts payable after more than one year | 17 | €221,125 | €176,177 | -€44,948 | -20.3% |
| Financial debts | 170/4 | €221,125 | €176,177 | -€44,948 | -20.3% |
| Amounts payable within one year | 42/48 | €89,510 | €95,571 | +€6,061 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €41,030 | €42,093 | +€1,063 | +2.6% |
| Trade debts | 44 | €5,129 | €5,108 | -€21 | -0.4% |
| Suppliers | 440/4 | €5,129 | €5,108 | -€21 | -0.4% |
| Taxes, remuneration and social security | 45 | €3,869 | €11,405 | +€7,536 | +195% |
| Taxes | 450/3 | €3,869 | €9,805 | +€5,936 | +153% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €39,482 | €36,964 | -€2,518 | -6.4% |
| Accrued charges and deferred income | 492/3 | - | €3,238 | +€3,238 | |
| Non-recurring operating income | 76A | - | €17,000 | +€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,090 | €45,264 | +€2,173 | +5.0% |
| Other operating charges | 640/8 | €4,547 | €4,673 | +€126 | +2.8% |
| Gross operating margin | 9900 | €56,376 | €82,907 | +€26,531 | +47.1% |
| Operating profit (loss) | 9901 | €8,739 | €32,970 | +€24,231 | +277% |
| Financial income | 75/76B | - | €210 | +€210 | |
| Recurring financial income | 75 | - | €210 | +€210 | |
| Financial charges | 65/66B | €8,308 | €8,533 | +€225 | +2.7% |
| Recurring financial charges | 65 | €8,308 | €8,533 | +€225 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €431 | €24,647 | +€24,216 | +5,617% |
| Income taxes | 67/77 | €1,487 | €8,843 | +€7,356 | +495% |
| Profit (loss) for the period | 9904 | -€1,056 | €15,804 | +€16,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,056 | €15,804 | +€16,860 |
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 13 October 2026 via checked.be.