Boutte: what changed
Boutte
Largest movements
- Receivables within one year +€31,912
up €31,912 (+57.5%), from €55,489 to €87,401
of which Trade receivables: +€19,686
- Current investments +€25,565
new in 2025: €25,565
- Tangible fixed assets -€24,650
down €24,650 (-12.2%), from €201,438 to €176,787
of which Furniture and vehicles: -€22,548
- Cash +€7,317
up €7,317 (+57.8%), from €12,658 to €19,975
mainly Net result for the year (+€66,832) and Depreciation (+€41,441)
- Reserves +€36,832
up €36,832 (+76.9%), from €47,915 to €84,746
of which Distributable reserves: +€36,832
- Tax, wage and social debts +€29,407
up €29,407 (+121%), from €24,298 to €53,705
of which Taxes: +€24,166
- Debts after one year -€29,184
down €29,184 (-22.8%), from €127,744 to €98,560
- Other debts +€7,957
up €7,957 (+29.6%), from €26,872 to €34,829
- Trade debts -€7,793
down €7,793 (-45.2%), from €17,244 to €9,451
- Gross operating margin +€103,660
up €103,660 (+67.2%), from €154,183 to €257,843
- Taxes +€23,886
up €23,886 (+198%), from €12,053 to €35,939
- Staff costs +€21,262
up €21,262 (+26.5%), from €80,128 to €101,390
- Depreciation +€3,203
up €3,203 (+8.4%), from €38,238 to €41,441
- Financial income -€3,117
down €3,117 (-98.3%), from €3,170 to €53
of which Non-recurring financial income: -€2,768
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,773 | €315,504 | +€40,730 | +14.8% |
| Fixed assets | 21/28 | €201,438 | €178,987 | -€22,450 | -11.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €201,438 | €176,787 | -€24,650 | -12.2% |
| Land and buildings | 22 | €69,167 | €66,408 | -€2,759 | -4.0% |
| Plant, machinery and equipment | 23 | €29,070 | €29,727 | +€656 | +2.3% |
| Furniture and vehicles | 24 | €103,200 | €80,653 | -€22,548 | -21.8% |
| Financial fixed assets | 28 | - | €2,200 | +€2,200 | |
| Current assets | 29/58 | €73,335 | €136,516 | +€63,181 | +86.2% |
| Amounts receivable within one year | 40/41 | €55,489 | €87,401 | +€31,912 | +57.5% |
| Trade receivables | 40 | €53,882 | €73,568 | +€19,686 | +36.5% |
| Other amounts receivable | 41 | €1,607 | €13,832 | +€12,225 | +761% |
| Current investments | 50/53 | - | €25,565 | +€25,565 | |
| Cash at bank and in hand | 54/58 | €12,658 | €19,975 | +€7,317 | +57.8% |
| Deferred charges and accrued income | 490/1 | €5,189 | €3,576 | -€1,613 | -31.1% |
| Total equity and liabilities | 10/49 | €274,773 | €315,504 | +€40,730 | +14.8% |
| Equity | 10/15 | €48,915 | €85,746 | +€36,832 | +75.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €47,915 | €84,746 | +€36,832 | +76.9% |
| Tax-exempt reserves | 132 | €9,067 | €9,067 | = | 0.0% |
| Distributable reserves | 133 | €38,847 | €75,679 | +€36,832 | +94.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €225,859 | €229,757 | +€3,899 | +1.7% |
| Amounts payable after more than one year | 17 | €127,744 | €98,560 | -€29,184 | -22.8% |
| Financial debts | 170/4 | €127,744 | €98,560 | -€29,184 | -22.8% |
| Amounts payable within one year | 42/48 | €97,867 | €128,229 | +€30,362 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €29,452 | €30,244 | +€792 | +2.7% |
| Trade debts | 44 | €17,244 | €9,451 | -€7,793 | -45.2% |
| Suppliers | 440/4 | €17,244 | €9,451 | -€7,793 | -45.2% |
| Taxes, remuneration and social security | 45 | €24,298 | €53,705 | +€29,407 | +121% |
| Taxes | 450/3 | €11,515 | €35,680 | +€24,166 | +210% |
| Remuneration and social security | 454/9 | €12,784 | €18,025 | +€5,241 | +41.0% |
| Other amounts payable | 47/48 | €26,872 | €34,829 | +€7,957 | +29.6% |
| Accrued charges and deferred income | 492/3 | €248 | €2,969 | +€2,721 | +1,097% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €80,128 | €101,390 | +€21,262 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,238 | €41,441 | +€3,203 | +8.4% |
| Other operating charges | 640/8 | €4,126 | €3,882 | -€244 | -5.9% |
| Gross operating margin | 9900 | €154,183 | €257,843 | +€103,660 | +67.2% |
| Operating profit (loss) | 9901 | €31,691 | €111,130 | +€79,439 | +251% |
| Financial income | 75/76B | €3,170 | €53 | -€3,117 | -98.3% |
| Recurring financial income | 75 | €402 | €53 | -€349 | -86.8% |
| Non-recurring financial income | 76B | €2,768 | - | -€2,768 | |
| Financial charges | 65/66B | €7,903 | €8,413 | +€510 | +6.5% |
| Recurring financial charges | 65 | €7,903 | €8,413 | +€510 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €26,959 | €102,771 | +€75,812 | +281% |
| Income taxes | 67/77 | €12,053 | €35,939 | +€23,886 | +198% |
| Profit (loss) for the period | 9904 | €14,906 | €66,832 | +€51,926 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €14,906 | €66,832 | +€51,926 | +348% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.