BOUVIER: 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.
BOUVIER
Largest movements
- Intangible fixed assets +€255,223
new in 2025: €255,223
- Cash +€158,884
up €158,884 (+242.3%), from €65,579 to €224,463
mainly Debts after one year (+€214,394) and Trade debts (+€143,035)
- Tangible fixed assets -€34,458
down €34,458 (-46.5%), from €74,084 to €39,625
- Receivables within one year +€21,760
up €21,760 (+7.2%), from €303,735 to €325,496
of which Other amounts receivable: +€106,770
- Debts after one year +€214,394
new in 2025: €214,394
- Trade debts +€143,035
up €143,035 (+47.7%), from €299,592 to €442,626
- Other debts -€105,516
down €105,516 (-69.3%), from €152,210 to €46,694
- Advances received +€53,484
up €53,484 (+2123.4%), from €2,519 to €56,002
- Tax, wage and social debts +€51,876
up €51,876 (+99.5%), from €52,123 to €103,999
of which Taxes: +€37,203
- Gross operating margin +€78,938
up €78,938 (+88.5%), from €89,214 to €168,152
- Depreciation +€41,411
up €41,411 (+109.5%), from €37,824 to €79,235
- Staff costs +€30,875
up €30,875 (+64.1%), from €48,200 to €79,075
- Financial charges +€9,604
up €9,604 (+4333.2%), from €222 to €9,825
- Financial income -€7,393
down €7,393 (-99.8%), from €7,408 to €14
of which Non-recurring financial income: -€7,388
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 | €487,761 | €894,607 | +€406,846 | +83.4% |
| Fixed assets | 21/28 | €118,447 | €339,212 | +€220,765 | +186.4% |
| Intangible fixed assets | 21 | - | €255,223 | +€255,223 | |
| Tangible fixed assets | 22/27 | €74,084 | €39,625 | -€34,458 | -46.5% |
| Furniture and vehicles | 24 | €74,084 | €39,625 | -€34,458 | -46.5% |
| Financial fixed assets | 28 | €44,363 | €44,363 | = | 0.0% |
| Current assets | 29/58 | €369,315 | €555,395 | +€186,081 | +50.4% |
| Amounts receivable within one year | 40/41 | €303,735 | €325,496 | +€21,760 | +7.2% |
| Trade receivables | 40 | €303,735 | €218,726 | -€85,010 | -28.0% |
| Other amounts receivable | 41 | - | €106,770 | +€106,770 | |
| Cash at bank and in hand | 54/58 | €65,579 | €224,463 | +€158,884 | +242.3% |
| Deferred charges and accrued income | 490/1 | - | €5,436 | +€5,436 | |
| Total equity and liabilities | 10/49 | €487,761 | €894,607 | +€406,846 | +83.4% |
| Equity | 10/15 | -€18,682 | -€21,015 | -€2,333 | -12.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,682 | -€23,015 | -€2,333 | -11.3% |
| Amounts payable | 17/49 | €506,443 | €915,622 | +€409,179 | +80.8% |
| Amounts payable after more than one year | 17 | - | €214,394 | +€214,394 | |
| Financial debts | 170/4 | - | €214,394 | +€214,394 | |
| Amounts payable within one year | 42/48 | €506,443 | €701,229 | +€194,786 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | - | €47,319 | +€47,319 | |
| Financial debts | 43 | - | €4,588 | +€4,588 | |
| Credit institutions | 430/8 | - | €4,588 | +€4,588 | |
| Trade debts | 44 | €299,592 | €442,626 | +€143,035 | +47.7% |
| Suppliers | 440/4 | €299,592 | €442,626 | +€143,035 | +47.7% |
| Advances received on contracts in progress | 46 | €2,519 | €56,002 | +€53,484 | +2123.4% |
| Taxes, remuneration and social security | 45 | €52,123 | €103,999 | +€51,876 | +99.5% |
| Taxes | 450/3 | €45,192 | €82,395 | +€37,203 | +82.3% |
| Remuneration and social security | 454/9 | €6,931 | €21,604 | +€14,674 | +211.7% |
| Other amounts payable | 47/48 | €152,210 | €46,694 | -€105,516 | -69.3% |
| Remuneration, social security and pensions | 62 | €48,200 | €79,075 | +€30,875 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,824 | €79,235 | +€41,411 | +109.5% |
| Other operating charges | 640/8 | €1,124 | €1,575 | +€451 | +40.2% |
| Gross operating margin | 9900 | €89,214 | €168,152 | +€78,938 | +88.5% |
| Operating profit (loss) | 9901 | €2,067 | €8,267 | +€6,200 | +300.0% |
| Financial income | 75/76B | €7,408 | €14 | -€7,393 | -99.8% |
| Recurring financial income | 75 | €20 | €14 | -€6 | -27.8% |
| Non-recurring financial income | 76B | €7,388 | - | -€7,388 | |
| Financial charges | 65/66B | €222 | €9,825 | +€9,604 | +4333.2% |
| Recurring financial charges | 65 | €222 | €9,825 | +€9,604 | +4333.2% |
| Profit (loss) for the period before taxes | 9903 | €9,253 | -€1,544 | -€10,797 | |
| Income taxes | 67/77 | €1,556 | €789 | -€767 | -49.3% |
| Profit (loss) for the period | 9904 | €7,696 | -€2,333 | -€10,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,696 | -€2,333 | -€10,030 |
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 5 October 2026 via checked.be.