BOUTSEN J.: 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.
BOUTSEN J.
Largest movements
- Receivables within one year -€39,206
down €39,206 (-80.4%), from €48,770 to €9,564
of which Other amounts receivable: -€47,014
- Tangible fixed assets -€16,107
down €16,107 (-7.6%), from €210,638 to €194,531
of which Furniture and vehicles: -€9,420
- Cash +€5,342
up €5,342 (+35.8%), from €14,914 to €20,256
mainly Receivables within one year (+€39,206) and Depreciation (+€19,418)
- Deferred charges and accrued income -€3,125
down €3,125 (-73.0%), from €4,282 to €1,158
- Reserves -€31,890
down €31,890 (-42.9%), from €74,327 to €42,438
of which Distributable reserves: -€31,612
- Debts after one year -€31,722
down €31,722 (-20.4%), from €155,809 to €124,086
- Trade debts +€13,366
up €13,366 (+180.5%), from €7,406 to €20,772
- Current portion of long-term debt +€9,466
up €9,466 (+126.6%), from €7,479 to €16,944
- Short-term financial debts -€6,843
down €6,843 (-100.0%), from €6,843 to €0
- Depreciation +€9,697
up €9,697 (+99.8%), from €9,720 to €19,418
- Financial income -€4,859
down €4,859 (-99.1%), from €4,905 to €46
- Other operating charges +€4,379
up €4,379 (+485.5%), from €902 to €5,281
- Financial charges +€2,293
up €2,293 (+73.4%), from €3,125 to €5,418
- Taxes -€1,454
down €1,454 (-59.0%), from €2,465 to €1,011
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 | €278,605 | €225,758 | -€52,846 | -19.0% |
| Fixed assets | 21/28 | €210,638 | €194,531 | -€16,107 | -7.6% |
| Tangible fixed assets | 22/27 | €210,638 | €194,531 | -€16,107 | -7.6% |
| Land and buildings | 22 | €160,408 | €152,329 | -€8,080 | -5.0% |
| Plant, machinery and equipment | 23 | €24,559 | €25,951 | +€1,392 | +5.7% |
| Furniture and vehicles | 24 | €25,671 | €16,251 | -€9,420 | -36.7% |
| Current assets | 29/58 | €67,967 | €31,228 | -€36,739 | -54.1% |
| Stocks and contracts in progress | 3 | - | €250 | +€250 | |
| Stocks | 30/36 | - | €250 | +€250 | |
| Amounts receivable within one year | 40/41 | €48,770 | €9,564 | -€39,206 | -80.4% |
| Trade receivables | 40 | €829 | €8,636 | +€7,808 | +942.0% |
| Other amounts receivable | 41 | €47,941 | €928 | -€47,014 | -98.1% |
| Cash at bank and in hand | 54/58 | €14,914 | €20,256 | +€5,342 | +35.8% |
| Deferred charges and accrued income | 490/1 | €4,282 | €1,158 | -€3,125 | -73.0% |
| Total equity and liabilities | 10/49 | €278,605 | €225,758 | -€52,846 | -19.0% |
| Equity | 10/15 | €87,027 | €55,138 | -€31,890 | -36.6% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €74,327 | €42,438 | -€31,890 | -42.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €278 | €0 | -€278 | -100.0% |
| Distributable reserves | 133 | €72,190 | €40,578 | -€31,612 | -43.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €191,577 | €170,621 | -€20,957 | -10.9% |
| Amounts payable after more than one year | 17 | €155,809 | €124,086 | -€31,722 | -20.4% |
| Financial debts | 170/4 | €155,809 | €124,086 | -€31,722 | -20.4% |
| Amounts payable within one year | 42/48 | €35,729 | €46,534 | +€10,805 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €7,479 | €16,944 | +€9,466 | +126.6% |
| Financial debts | 43 | €6,843 | €0 | -€6,843 | -100.0% |
| Credit institutions | 430/8 | €6,843 | €0 | -€6,843 | -100.0% |
| Trade debts | 44 | €7,406 | €20,772 | +€13,366 | +180.5% |
| Suppliers | 440/4 | €7,406 | €20,772 | +€13,366 | +180.5% |
| Taxes, remuneration and social security | 45 | €13,736 | €8,818 | -€4,918 | -35.8% |
| Taxes | 450/3 | €13,736 | €8,818 | -€4,918 | -35.8% |
| Other amounts payable | 47/48 | €265 | €0 | -€265 | -100.0% |
| Accrued charges and deferred income | 492/3 | €40 | €0 | -€40 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €350 | +€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,720 | €19,418 | +€9,697 | +99.8% |
| Other operating charges | 640/8 | €902 | €5,281 | +€4,379 | +485.5% |
| Non-recurring operating charges | 66A | €12,783 | €1,329 | -€11,454 | -89.6% |
| Gross operating margin | 9900 | €33,676 | €32,562 | -€1,115 | -3.3% |
| Operating profit (loss) | 9901 | €10,272 | €6,184 | -€4,087 | -39.8% |
| Financial income | 75/76B | €4,905 | €46 | -€4,859 | -99.1% |
| Recurring financial income | 75 | €4,905 | €46 | -€4,859 | -99.1% |
| Financial charges | 65/66B | €3,125 | €5,418 | +€2,293 | +73.4% |
| Recurring financial charges | 65 | €3,125 | €5,418 | +€2,293 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | €12,052 | €812 | -€11,240 | -93.3% |
| Income taxes | 67/77 | €2,465 | €1,011 | -€1,454 | -59.0% |
| Profit (loss) for the period | 9904 | €9,587 | -€199 | -€9,786 | |
| Transfer from tax-exempt reserves | 789 | - | €278 | +€278 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,587 | €79 | -€9,508 | -99.2% |
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 1 October 2026 via checked.be.