CABINET BOURGEOIS: 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.
CABINET BOURGEOIS
Largest movements
- Cash -€59,231
down €59,231 (-70.2%), from €84,370 to €25,139
mainly Investment in fixed assets (net) (-€48,000) and Other debts (-€17,010)
- Tangible fixed assets +€44,429
up €44,429 (+493%), from €9,014 to €53,443
of which Land and buildings: +€46,223
- Intangible fixed assets -€9,500
down €9,500 (-11.3%), from €83,886 to €74,386
- Other debts -€17,010
down €17,010 (-96.9%), from €17,546 to €536
- Debts after one year -€9,162
down €9,162 (-21.5%), from €42,706 to €33,544
- Profit (loss) carried forward +€6,201
up €6,201 (+8.5%), from €72,546 to €78,748
- Trade debts -€3,474
down €3,474 (-80.4%), from €4,319 to €846
- Gross operating margin -€77,597
down €77,597 (-70.6%), from €109,951 to €32,354
- Taxes -€16,219
down €16,219 (-87.0%), from €18,645 to €2,426
- Other operating charges +€6,350
up €6,350 (+692%), from €917 to €7,268
- Financial charges -€1,260
down €1,260 (-27.1%), from €4,647 to €3,388
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.
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 | €177,284 | €153,906 | -€23,377 | -13.2% |
| Fixed assets | 21/28 | €92,900 | €127,829 | +€34,929 | +37.6% |
| Intangible fixed assets | 21 | €83,886 | €74,386 | -€9,500 | -11.3% |
| Tangible fixed assets | 22/27 | €9,014 | €53,443 | +€44,429 | +493% |
| Land and buildings | 22 | €4,646 | €50,869 | +€46,223 | +995% |
| Plant, machinery and equipment | 23 | €1,084 | €801 | -€283 | -26.1% |
| Furniture and vehicles | 24 | €3,284 | €1,773 | -€1,511 | -46.0% |
| Current assets | 29/58 | €84,383 | €26,077 | -€58,306 | -69.1% |
| Amounts receivable within one year | 40/41 | - | €724 | +€724 | |
| Trade receivables | 40 | - | €464 | +€464 | |
| Other amounts receivable | 41 | - | €260 | +€260 | |
| Cash at bank and in hand | 54/58 | €84,370 | €25,139 | -€59,231 | -70.2% |
| Deferred charges and accrued income | 490/1 | €13 | €214 | +€200 | +1,486% |
| Total equity and liabilities | 10/49 | €177,284 | €153,906 | -€23,377 | -13.2% |
| Equity | 10/15 | €82,546 | €88,748 | +€6,201 | +7.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,546 | €78,748 | +€6,201 | +8.5% |
| Amounts payable | 17/49 | €94,737 | €65,158 | -€29,579 | -31.2% |
| Amounts payable after more than one year | 17 | €42,706 | €33,544 | -€9,162 | -21.5% |
| Financial debts | 170/4 | €42,706 | €33,544 | -€9,162 | -21.5% |
| Amounts payable within one year | 42/48 | €52,031 | €31,614 | -€20,417 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €10,422 | €9,162 | -€1,260 | -12.1% |
| Trade debts | 44 | €4,319 | €846 | -€3,474 | -80.4% |
| Suppliers | 440/4 | €4,319 | €846 | -€3,474 | -80.4% |
| Taxes, remuneration and social security | 45 | €19,745 | €21,071 | +€1,326 | +6.7% |
| Taxes | 450/3 | €19,745 | €21,071 | +€1,326 | +6.7% |
| Other amounts payable | 47/48 | €17,546 | €536 | -€17,010 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,195 | €13,071 | -€124 | -0.9% |
| Other operating charges | 640/8 | €917 | €7,268 | +€6,350 | +692% |
| Gross operating margin | 9900 | €109,951 | €32,354 | -€77,597 | -70.6% |
| Operating profit (loss) | 9901 | €95,839 | €12,015 | -€83,823 | -87.5% |
| Financial charges | 65/66B | €4,647 | €3,388 | -€1,260 | -27.1% |
| Recurring financial charges | 65 | €4,647 | €3,388 | -€1,260 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €91,191 | €8,627 | -€82,564 | -90.5% |
| Income taxes | 67/77 | €18,645 | €2,426 | -€16,219 | -87.0% |
| Profit (loss) for the period | 9904 | €72,546 | €6,201 | -€66,345 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,546 | €6,201 | -€66,345 | -91.5% |
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 1 November 2026 via checked.be.