BOUTR: what changed
Two fiscal 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.
BOUTR
Largest movements
- Cash -€535,175
down €535,175 (-89.2%), from €599,946 to €64,771
mainly Contributions, distributions and other (-€620,000) and Receivables within one year (-€9,898)
- Tangible fixed assets -€11,650
down €11,650 (-92.9%), from €12,543 to €893
of which Furniture and vehicles: -€11,502
- Receivables within one year +€9,898
new in 2025: €9,898
- Profit (loss) carried forward -€586,765
down €586,765 (-99.6%), from €588,957 to €2,192
- Other debts +€56,246
up €56,246 (+1728.4%), from €3,254 to €59,500
- Gross operating margin -€105,461
down €105,461 (-65.2%), from €161,808 to €56,348
- Taxes -€23,539
down €23,539 (-68.9%), from €34,150 to €10,610
- Depreciation -€2,954
down €2,954 (-20.2%), from €14,604 to €11,650
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.
Cash bridge derived
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 | €614,595 | €77,727 | -€536,869 | -87.4% |
| Fixed assets | 21/28 | €12,543 | €893 | -€11,650 | -92.9% |
| Tangible fixed assets | 22/27 | €12,543 | €893 | -€11,650 | -92.9% |
| Plant, machinery and equipment | 23 | €239 | €90 | -€148 | -62.2% |
| Furniture and vehicles | 24 | €12,304 | €802 | -€11,502 | -93.5% |
| Current assets | 29/58 | €602,053 | €76,834 | -€525,219 | -87.2% |
| Amounts receivable within one year | 40/41 | - | €9,898 | +€9,898 | |
| Other amounts receivable | 41 | - | €9,898 | +€9,898 | |
| Cash at bank and in hand | 54/58 | €599,946 | €64,771 | -€535,175 | -89.2% |
| Deferred charges and accrued income | 490/1 | €2,107 | €2,165 | +€59 | +2.8% |
| Total equity and liabilities | 10/49 | €614,595 | €77,727 | -€536,869 | -87.4% |
| Equity | 10/15 | €592,957 | €6,192 | -€586,765 | -99.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €588,957 | €2,192 | -€586,765 | -99.6% |
| Amounts payable | 17/49 | €21,639 | €71,535 | +€49,897 | +230.6% |
| Amounts payable within one year | 42/48 | €20,139 | €70,014 | +€49,875 | +247.7% |
| Trade debts | 44 | €3,401 | €14 | -€3,387 | -99.6% |
| Suppliers | 440/4 | €3,401 | €14 | -€3,387 | -99.6% |
| Taxes, remuneration and social security | 45 | €13,483 | €10,500 | -€2,983 | -22.1% |
| Taxes | 450/3 | €10,669 | €10,500 | -€169 | -1.6% |
| Remuneration and social security | 454/9 | €2,815 | - | -€2,815 | |
| Other amounts payable | 47/48 | €3,254 | €59,500 | +€56,246 | +1728.4% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,521 | +€21 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,604 | €11,650 | -€2,954 | -20.2% |
| Other operating charges | 640/8 | €521 | €619 | +€98 | +18.8% |
| Non-recurring operating charges | 66A | €121 | - | -€121 | |
| Gross operating margin | 9900 | €161,808 | €56,348 | -€105,461 | -65.2% |
| Operating profit (loss) | 9901 | €146,562 | €44,078 | -€102,484 | -69.9% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €153 | €260 | +€107 | +69.7% |
| Recurring financial charges | 65 | €153 | €260 | +€107 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €146,408 | €43,845 | -€102,564 | -70.1% |
| Income taxes | 67/77 | €34,150 | €10,610 | -€23,539 | -68.9% |
| Profit (loss) for the period | 9904 | €112,259 | €33,235 | -€79,024 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €112,259 | €33,235 | -€79,024 | -70.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.