BOUVY-NOËL: 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.
BOUVY-NOËL
Largest movements
- Receivables within one year -€61,802
down €61,802 (-84.2%), from €73,406 to €11,604
of which Trade receivables: -€52,585
- Tangible fixed assets -€20,568
down €20,568 (-49.8%), from €41,334 to €20,767
of which Furniture and vehicles: -€19,743
- Stocks and contracts -€13,233
down €13,233 (-50.0%), from €26,466 to €13,233
- Financial fixed assets -€5,508
no longer reported in 2025 (was €5,508)
- Deferred charges and accrued income +€2,216
up €2,216 (+90.0%), from €2,461 to €4,677
- Profit (loss) carried forward -€84,504
down €84,504 (-726%), from -€11,632 to -€96,135
- Other debts +€23,923
up €23,923 (+2,048%), from €1,168 to €25,091
- Short-term financial debts -€19,969
down €19,969 (-30.8%), from €64,810 to €44,842
- Trade debts -€14,147
down €14,147 (-21.3%), from €66,351 to €52,204
- Debts after one year -€3,586
no longer reported in 2025 (was €3,586)
- Gross operating margin -€27,066
down €27,066 (-252%), from -€10,750 to -€37,816
- Other operating charges +€7,530
up €7,530 (+132%), from €5,703 to €13,233
- Financial charges +€5,524
up €5,524 (+83.1%), from €6,647 to €12,171
of which Non-recurring financial charges: +€5,551
- Depreciation +€3,975
up €3,975 (+24.0%), from €16,593 to €20,568
- Financial income -€1,052
down €1,052 (-98.9%), from €1,063 to €12
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 | €150,110 | €51,215 | -€98,895 | -65.9% |
| Fixed assets | 21/28 | €46,842 | €20,767 | -€26,076 | -55.7% |
| Tangible fixed assets | 22/27 | €41,334 | €20,767 | -€20,568 | -49.8% |
| Plant, machinery and equipment | 23 | €1,550 | €725 | -€825 | -53.2% |
| Furniture and vehicles | 24 | €39,784 | €20,041 | -€19,743 | -49.6% |
| Financial fixed assets | 28 | €5,508 | - | -€5,508 | |
| Current assets | 29/58 | €103,268 | €30,448 | -€72,819 | -70.5% |
| Stocks and contracts in progress | 3 | €26,466 | €13,233 | -€13,233 | -50.0% |
| Stocks | 30/36 | €26,466 | €13,233 | -€13,233 | -50.0% |
| Amounts receivable within one year | 40/41 | €73,406 | €11,604 | -€61,802 | -84.2% |
| Trade receivables | 40 | €63,572 | €10,987 | -€52,585 | -82.7% |
| Other amounts receivable | 41 | €9,834 | €617 | -€9,217 | -93.7% |
| Cash at bank and in hand | 54/58 | €934 | €934 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,461 | €4,677 | +€2,216 | +90.0% |
| Total equity and liabilities | 10/49 | €150,110 | €51,215 | -€98,895 | -65.9% |
| Equity | 10/15 | €8,819 | -€75,684 | -€84,504 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,632 | -€96,135 | -€84,504 | -726% |
| Amounts payable | 17/49 | €141,291 | €126,899 | -€14,391 | -10.2% |
| Amounts payable after more than one year | 17 | €3,586 | - | -€3,586 | |
| Financial debts | 170/4 | €3,586 | - | -€3,586 | |
| Amounts payable within one year | 42/48 | €137,705 | €126,899 | -€10,806 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €4,178 | €3,257 | -€921 | -22.0% |
| Financial debts | 43 | €64,810 | €44,842 | -€19,969 | -30.8% |
| Credit institutions | 430/8 | €64,810 | €44,842 | -€19,969 | -30.8% |
| Trade debts | 44 | €66,351 | €52,204 | -€14,147 | -21.3% |
| Suppliers | 440/4 | €66,351 | €52,204 | -€14,147 | -21.3% |
| Taxes, remuneration and social security | 45 | €1,197 | €1,505 | +€308 | +25.7% |
| Taxes | 450/3 | €1,197 | €1,505 | +€308 | +25.7% |
| Other amounts payable | 47/48 | €1,168 | €25,091 | +€23,923 | +2,048% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,593 | €20,568 | +€3,975 | +24.0% |
| Other operating charges | 640/8 | €5,703 | €13,233 | +€7,530 | +132% |
| Gross operating margin | 9900 | -€10,750 | -€37,816 | -€27,066 | -252% |
| Operating profit (loss) | 9901 | -€33,046 | -€71,617 | -€38,571 | -117% |
| Financial income | 75/76B | €1,063 | €12 | -€1,052 | -98.9% |
| Recurring financial income | 75 | €1,063 | €12 | -€1,052 | -98.9% |
| Financial charges | 65/66B | €6,647 | €12,171 | +€5,524 | +83.1% |
| Recurring financial charges | 65 | €6,647 | €6,620 | -€27 | -0.4% |
| Non-recurring financial charges | 66B | - | €5,551 | +€5,551 | |
| Profit (loss) for the period before taxes | 9903 | -€38,629 | -€83,776 | -€45,147 | -117% |
| Income taxes | 67/77 | €778 | €727 | -€51 | -6.5% |
| Profit (loss) for the period | 9904 | -€39,407 | -€84,504 | -€45,097 | -114% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,407 | -€84,504 | -€45,097 | -114% |
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 23 October 2026 via checked.be.