BOUVIN POWER: what changed
Two financial 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.
BOUVIN POWER
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€100,659
down €100,659 (-21.8%), from €462,235 to €361,576
mainly Current investments (-€250,000) and Tax, wage and social debts (-€118,696)
- Tangible fixed assets -€40,461
down €40,461 (-10.1%), from €400,404 to €359,942
of which Furniture and vehicles: -€31,023
- Stocks and contracts -€38,471
no longer reported in 2025 (was €38,471)
- Reserves +€183,239
up €183,239 (+24.9%), from €735,134 to €918,373
- Tax, wage and social debts -€118,696
down €118,696 (-72.9%), from €162,876 to €44,179
- Gross operating margin -€113,688
down €113,688 (-25.7%), from €441,898 to €328,210
- Taxes -€39,017
down €39,017 (-33.7%), from €115,740 to €76,723
- Depreciation +€9,851
up €9,851 (+18.4%), from €53,648 to €63,498
- Staff costs -€9,175
down €9,175 (-76.0%), from €12,077 to €2,902
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.
Derived cash bridge
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 | €917,514 | €997,468 | +€79,954 | +8.7% |
| Fixed assets | 21/28 | €400,554 | €360,092 | -€40,461 | -10.1% |
| Tangible fixed assets | 22/27 | €400,404 | €359,942 | -€40,461 | -10.1% |
| Land and buildings | 22 | €229,323 | €217,397 | -€11,926 | -5.2% |
| Plant, machinery and equipment | 23 | €21,170 | €25,872 | +€4,702 | +22.2% |
| Furniture and vehicles | 24 | €128,080 | €97,057 | -€31,023 | -24.2% |
| Other tangible fixed assets | 26 | €21,830 | €19,616 | -€2,215 | -10.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €516,961 | €637,375 | +€120,415 | +23.3% |
| Stocks and contracts in progress | 3 | €38,471 | - | -€38,471 | |
| Stocks | 30/36 | €38,471 | - | -€38,471 | |
| Amounts receivable within one year | 40/41 | €12,810 | €22,238 | +€9,429 | +73.6% |
| Trade receivables | 40 | €6,025 | €22,238 | +€16,213 | +269% |
| Other amounts receivable | 41 | €6,784 | - | -€6,784 | |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €462,235 | €361,576 | -€100,659 | -21.8% |
| Deferred charges and accrued income | 490/1 | €3,445 | €3,561 | +€116 | +3.4% |
| Total equity and liabilities | 10/49 | €917,514 | €997,468 | +€79,954 | +8.7% |
| Equity | 10/15 | €738,134 | €921,373 | +€183,239 | +24.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €735,134 | €918,373 | +€183,239 | +24.9% |
| Distributable reserves | 133 | €735,134 | €918,373 | +€183,239 | +24.9% |
| Amounts payable | 17/49 | €179,380 | €76,095 | -€103,286 | -57.6% |
| Amounts payable within one year | 42/48 | €179,380 | €76,095 | -€103,286 | -57.6% |
| Trade debts | 44 | €1,579 | €11,346 | +€9,767 | +619% |
| Suppliers | 440/4 | €1,579 | €11,346 | +€9,767 | +619% |
| Taxes, remuneration and social security | 45 | €162,876 | €44,179 | -€118,696 | -72.9% |
| Taxes | 450/3 | €162,876 | €44,179 | -€118,696 | -72.9% |
| Other amounts payable | 47/48 | €14,926 | €20,569 | +€5,643 | +37.8% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €12,077 | €2,902 | -€9,175 | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,648 | €63,498 | +€9,851 | +18.4% |
| Other operating charges | 640/8 | €748 | €2,449 | +€1,701 | +228% |
| Gross operating margin | 9900 | €441,898 | €328,210 | -€113,688 | -25.7% |
| Operating profit (loss) | 9901 | €375,425 | €259,360 | -€116,065 | -30.9% |
| Financial income | 75/76B | €261 | €741 | +€480 | +183% |
| Recurring financial income | 75 | €261 | €741 | +€480 | +183% |
| Financial charges | 65/66B | €555 | €139 | -€416 | -75.0% |
| Recurring financial charges | 65 | €555 | €139 | -€416 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €375,132 | €259,963 | -€115,169 | -30.7% |
| Income taxes | 67/77 | €115,740 | €76,723 | -€39,017 | -33.7% |
| Profit (loss) for the period | 9904 | €259,391 | €183,239 | -€76,152 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €259,391 | €183,239 | -€76,152 | -29.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.