Bouvry Koen: 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.
Bouvry Koen
Largest movements
- Cash -€35,947
down €35,947 (-63.4%), from €56,678 to €20,731
mainly Trade debts (-€23,208) and Tax, wage and social debts (-€19,001)
- Trade debts -€23,208
down €23,208 (-93.1%), from €24,940 to €1,732
- Tax, wage and social debts -€19,001
down €19,001 (-92.2%), from €20,617 to €1,616
of which Taxes: -€15,592
- Reserves +€3,412
up €3,412 (+4.3%), from €78,862 to €82,275
- Accrued charges and deferred income +€1,622
up €1,622 (+429%), from €378 to €2,000
- Gross operating margin -€29,798
down €29,798 (-55.1%), from €54,048 to €24,250
- Staff costs -€29,138
down €29,138 (-61.4%), from €47,476 to €18,338
- Financial charges -€2,757
down €2,757 (-42.9%), from €6,420 to €3,663
- Financial income +€900
up €900 (+28.6%), from €3,143 to €4,044
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 | €138,323 | €101,148 | -€37,175 | -26.9% |
| Fixed assets | 21/28 | €1,800 | €1,234 | -€565 | -31.4% |
| Tangible fixed assets | 22/27 | €1,800 | €1,234 | -€565 | -31.4% |
| Plant, machinery and equipment | 23 | €1,800 | €1,234 | -€565 | -31.4% |
| Current assets | 29/58 | €136,523 | €99,913 | -€36,610 | -26.8% |
| Amounts receivable within one year | 40/41 | €79,112 | €79,182 | +€71 | +0.1% |
| Trade receivables | 40 | €3,406 | - | -€3,406 | |
| Other amounts receivable | 41 | €75,706 | €79,182 | +€3,477 | +4.6% |
| Cash at bank and in hand | 54/58 | €56,678 | €20,731 | -€35,947 | -63.4% |
| Deferred charges and accrued income | 490/1 | €733 | - | -€733 | |
| Total equity and liabilities | 10/49 | €138,323 | €101,148 | -€37,175 | -26.9% |
| Equity | 10/15 | €92,388 | €95,800 | +€3,412 | +3.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €78,862 | €82,275 | +€3,412 | +4.3% |
| Distributable reserves | 133 | €78,862 | €82,275 | +€3,412 | +4.3% |
| Profit (loss) carried forward | 14 | €1,125 | €1,125 | = | 0.0% |
| Amounts payable | 17/49 | €45,935 | €5,348 | -€40,587 | -88.4% |
| Amounts payable within one year | 42/48 | €45,557 | €3,348 | -€42,209 | -92.7% |
| Trade debts | 44 | €24,940 | €1,732 | -€23,208 | -93.1% |
| Suppliers | 440/4 | €24,940 | €1,732 | -€23,208 | -93.1% |
| Taxes, remuneration and social security | 45 | €20,617 | €1,616 | -€19,001 | -92.2% |
| Taxes | 450/3 | €17,208 | €1,616 | -€15,592 | -90.6% |
| Remuneration and social security | 454/9 | €3,409 | - | -€3,409 | |
| Accrued charges and deferred income | 492/3 | €378 | €2,000 | +€1,622 | +429% |
| Remuneration, social security and pensions | 62 | €47,476 | €18,338 | -€29,138 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487 | €565 | +€78 | +16.0% |
| Other operating charges | 640/8 | €316 | €700 | +€383 | +121% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €54,048 | €24,250 | -€29,798 | -55.1% |
| Operating profit (loss) | 9901 | €5,642 | €4,647 | -€995 | -17.6% |
| Financial income | 75/76B | €3,143 | €4,044 | +€900 | +28.6% |
| Recurring financial income | 75 | €3,143 | €4,044 | +€900 | +28.6% |
| Financial charges | 65/66B | €6,420 | €3,663 | -€2,757 | -42.9% |
| Recurring financial charges | 65 | €6,420 | €3,663 | -€2,757 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €2,366 | €5,028 | +€2,662 | +113% |
| Income taxes | 67/77 | €1,327 | €1,616 | +€289 | +21.8% |
| Profit (loss) for the period | 9904 | €1,039 | €3,412 | +€2,373 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €1,039 | €3,412 | +€2,373 | +228% |
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 20 October 2026 via checked.be.