BOUTS: 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.
What changed
BOUTS
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €1.2m+€986,430
Equity
€12.1m
2024 · €9.9m+€2.2m
Cash
€1.3m
2024 · €4.0m-€2.6m
Balance sheet total
€22.3m
2024 · €21.8m+€517,128
Largest movements
Assets
- Cash -€2.6m
down €2.6m (-66.3%), from €4.0m to €1.3m
mainly Stocks and contracts (-€2.1m) and Investment in fixed assets (net) (-€1.4m)
- Stocks and contracts +€2.1m
up €2.1m (+173.0%), from €1.2m to €3.4m
- Current investments +€1.3m
up €1.3m (+32.0%), from €4.2m to €5.5m
- Receivables within one year -€786,398
down €786,398 (-8.1%), from €9.7m to €8.9m
of which Trade receivables: -€716,398
- Tangible fixed assets +€446,950
up €446,950 (+17.0%), from €2.6m to €3.1m
of which Plant, machinery and equipment: +€686,253
Equity and liabilities
- Profit (loss) carried forward +€2.2m
up €2.2m (+34.3%), from €6.4m to €8.6m
- Tax, wage and social debts -€839,436
down €839,436 (-20.6%), from €4.1m to €3.2m
of which Taxes: -€869,738
- Debts after one year -€420,000
down €420,000 (-99.4%), from €422,500 to €2,500
of which Financial debts: -€420,000
- Other debts -€360,262
down €360,262 (-87.9%), from €409,874 to €49,612
Income statement
- Goods and materials -€20.7m
down €20.7m (-13.4%), from €154.8m to €134.1m
of which Purchases: -€15.2m
- Turnover -€20.4m
down €20.4m (-12.3%), from €165.3m to €145.0m
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.
Result 2024
€1.2m
Turnover
-€20.4m
Other operating income
+€289,172
Goods and materials
+€20.7m
Services and other goods
+€726,682
Staff costs
-€190,841
Depreciation
-€37,648
Write-downs
-€1,784
Other operating charges
+€26,441
Other operating items
+€16,875
Financial income
+€67,731
Financial charges
+€22,732
Taxes
-€281,336
Result 2025
€2.2m
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.
From operations
+€507,280
Investment
-€2.7m
Financing
-€420,000
Cash 2024
€4.0m
From operations (derived)
+€507,280
Net result for the year
+€2.2m
Depreciation
+€830,810
Stocks and contracts
-€2.1m
Receivables within one year
+€786,398
Deferred charges and accrued income
+€78,579
Trade debts
-€217,105
Tax, wage and social debts
-€839,436
Other debts
-€360,262
Accrued charges and deferred income
+€165,289
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€1.4m
Current investments
-€1.3m
Financing
-€420,000
Debts after one year
-€420,000
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,785,757 | €22,302,885 | +€517,128 | +2.4% |
| Fixed assets | 21/28 | €2,650,684 | €3,189,436 | +€538,752 | +20.3% |
| Intangible fixed assets | 21 | €0 | €91,667 | +€91,667 | |
| Tangible fixed assets | 22/27 | €2,627,164 | €3,074,114 | +€446,950 | +17.0% |
| Land and buildings | 22 | €660,171 | €622,272 | -€37,899 | -5.7% |
| Plant, machinery and equipment | 23 | €527,416 | €1,213,669 | +€686,253 | +130.1% |
| Furniture and vehicles | 24 | €1,439,577 | €1,238,173 | -€201,404 | -14.0% |
| Financial fixed assets | 28 | €23,520 | €23,655 | +€135 | +0.6% |
| Other financial fixed assets | 284/8 | €23,520 | €23,655 | +€135 | +0.6% |
| Shares | 284 | €1,195 | €1,195 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €22,325 | €22,460 | +€135 | +0.6% |
| Current assets | 29/58 | €19,135,073 | €19,113,449 | -€21,624 | -0.1% |
| Stocks and contracts in progress | 3 | €1,228,390 | €3,354,025 | +€2.1m | +173.0% |
| Stocks | 30/36 | €1,228,390 | €3,354,025 | +€2.1m | +173.0% |
| Goods purchased for resale | 34 | €1,228,390 | €3,354,025 | +€2.1m | +173.0% |
| Amounts receivable within one year | 40/41 | €9,662,947 | €8,876,549 | -€786,398 | -8.1% |
| Trade receivables | 40 | €9,592,947 | €8,876,549 | -€716,398 | -7.5% |
| Other amounts receivable | 41 | €70,000 | €0 | -€70,000 | -100.0% |
| Current investments | 50/53 | €4,200,000 | €5,545,000 | +€1.3m | +32.0% |
| Other investments | 51/53 | €4,200,000 | €5,545,000 | +€1.3m | +32.0% |
| Cash at bank and in hand | 54/58 | €3,964,858 | €1,337,576 | -€2.6m | -66.3% |
| Deferred charges and accrued income | 490/1 | €78,879 | €300 | -€78,579 | -99.6% |
| Total equity and liabilities | 10/49 | €21,785,757 | €22,302,885 | +€517,128 | +2.4% |
| Equity | 10/15 | €9,924,909 | €12,113,551 | +€2.2m | +22.1% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €2,302,618 | €2,302,618 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125,000 | €125,000 | = | 0.0% |
| Legal reserve | 130 | €125,000 | €125,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €201,821 | €59,421 | -€142,400 | -70.6% |
| Distributable reserves | 133 | €1,975,797 | €2,118,197 | +€142,400 | +7.2% |
| Profit (loss) carried forward | 14 | €6,372,291 | €8,560,933 | +€2.2m | +34.3% |
| Provisions and deferred taxes | 16 | €96,272 | €96,272 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €96,272 | €96,272 | = | 0.0% |
| Other liabilities and charges | 164/5 | €96,272 | €96,272 | = | 0.0% |
| Amounts payable | 17/49 | €11,764,576 | €10,093,062 | -€1.7m | -14.2% |
| Amounts payable after more than one year | 17 | €422,500 | €2,500 | -€420,000 | -99.4% |
| Financial debts | 170/4 | €420,000 | €0 | -€420,000 | -100.0% |
| Subordinated loans | 170 | €420,000 | €0 | -€420,000 | -100.0% |
| Other amounts payable | 178/9 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,342,076 | €9,925,273 | -€1.4m | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,863,949 | €6,646,844 | -€217,105 | -3.2% |
| Suppliers | 440/4 | €6,863,949 | €6,646,844 | -€217,105 | -3.2% |
| Taxes, remuneration and social security | 45 | €4,068,252 | €3,228,816 | -€839,436 | -20.6% |
| Taxes | 450/3 | €3,624,921 | €2,755,183 | -€869,738 | -24.0% |
| Remuneration and social security | 454/9 | €443,331 | €473,633 | +€30,302 | +6.8% |
| Other amounts payable | 47/48 | €409,874 | €49,612 | -€360,262 | -87.9% |
| Accrued charges and deferred income | 492/3 | €0 | €165,289 | +€165,289 | |
| Operating income | 70/76A | €165,562,388 | €145,473,311 | -€20.1m | -12.1% |
| Turnover | 70 | €165,336,390 | €144,958,071 | -€20.4m | -12.3% |
| Other operating income | 74 | €225,915 | €515,087 | +€289,172 | +128.0% |
| Non-recurring operating income | 76A | €82 | €153 | +€71 | +86.2% |
| Operating charges | 60/66A | €163,767,567 | €142,501,187 | -€21.3m | -13.0% |
| Goods for resale, raw materials and consumables | 60 | €154,781,368 | €134,054,643 | -€20.7m | -13.4% |
| Purchases | 600/8 | €151,375,280 | €136,180,278 | -€15.2m | -10.0% |
| Change in stocks: decrease (increase) | 609 | €3,406,088 | -€2,125,635 | -€5.5m | |
| Services and other goods | 61 | €5,646,053 | €4,919,371 | -€726,682 | -12.9% |
| Remuneration, social security and pensions | 62 | €2,450,575 | €2,641,416 | +€190,841 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €793,162 | €830,810 | +€37,648 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,784 | €0 | +€1,784 | |
| Other operating charges | 640/8 | €81,389 | €54,948 | -€26,441 | -32.5% |
| Non-recurring operating charges | 66A | €16,804 | €0 | -€16,804 | -100.0% |
| Operating profit (loss) | 9901 | €1,794,821 | €2,972,124 | +€1.2m | +65.6% |
| Financial income | 75/76B | €34,856 | €102,587 | +€67,731 | +194.3% |
| Recurring financial income | 75 | €34,856 | €102,587 | +€67,731 | +194.3% |
| Income from current assets | 751 | €34,856 | €102,587 | +€67,731 | +194.3% |
| Financial charges | 65/66B | €127,818 | €105,086 | -€22,732 | -17.8% |
| Recurring financial charges | 65 | €127,818 | €105,086 | -€22,732 | -17.8% |
| Debt charges | 650 | €81,238 | €55,853 | -€25,384 | -31.2% |
| Other financial charges | 652/9 | €46,581 | €49,233 | +€2,652 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €1,701,859 | €2,969,625 | +€1.3m | +74.5% |
| Income taxes | 67/77 | €499,647 | €780,983 | +€281,336 | +56.3% |
| Taxes | 670/3 | €499,647 | €780,983 | +€281,336 | +56.3% |
| Profit (loss) for the period | 9904 | €1,202,213 | €2,188,642 | +€986,430 | +82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,202,213 | €2,188,642 | +€986,430 | +82.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.