CF BOUGE: 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.
CF BOUGE
Largest movements
- Tangible fixed assets -€12,569
down €12,569 (-6.1%), from €206,058 to €193,489
of which Other tangible fixed assets: -€14,913
- Cash -€8,652
down €8,652 (-44.1%), from €19,624 to €10,972
mainly Debts after one year (-€22,423) and Other debts (-€17,659)
- Stocks and contracts +€5,625
up €5,625 (+37.4%), from €15,039 to €20,663
- Deferred charges and accrued income +€3,738
up €3,738 (+163%), from €2,296 to €6,034
- Debts after one year -€22,423
down €22,423 (-34.2%), from €65,508 to €43,085
- Profit (loss) carried forward +€21,430
up €21,430 (+31.2%), from -€68,705 to -€47,275
- Other debts -€17,659
down €17,659 (-23.1%), from €76,377 to €58,719
- Trade debts +€4,399
up €4,399 (+43.1%), from €10,214 to €14,613
- Tax, wage and social debts +€3,709
up €3,709 (+23.2%), from €15,958 to €19,667
of which Remuneration and social security: +€2,887
- Staff costs +€16,800
up €16,800 (+148%), from €11,330 to €28,130
- Gross operating margin -€15,904
down €15,904 (-15.4%), from €103,068 to €87,164
- Depreciation +€2,401
up €2,401 (+8.6%), from €27,779 to €30,180
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 | €244,684 | €233,663 | -€11,021 | -4.5% |
| Fixed assets | 21/28 | €207,726 | €195,157 | -€12,569 | -6.1% |
| Tangible fixed assets | 22/27 | €206,058 | €193,489 | -€12,569 | -6.1% |
| Plant, machinery and equipment | 23 | €3,911 | €3,317 | -€594 | -15.2% |
| Furniture and vehicles | 24 | €6,103 | €9,041 | +€2,938 | +48.1% |
| Other tangible fixed assets | 26 | €196,044 | €181,131 | -€14,913 | -7.6% |
| Financial fixed assets | 28 | €1,668 | €1,668 | = | 0.0% |
| Current assets | 29/58 | €36,958 | €38,506 | +€1,549 | +4.2% |
| Stocks and contracts in progress | 3 | €15,039 | €20,663 | +€5,625 | +37.4% |
| Stocks | 30/36 | €15,039 | €20,663 | +€5,625 | +37.4% |
| Amounts receivable within one year | 40/41 | - | €838 | +€838 | |
| Trade receivables | 40 | - | €838 | +€838 | |
| Cash at bank and in hand | 54/58 | €19,624 | €10,972 | -€8,652 | -44.1% |
| Deferred charges and accrued income | 490/1 | €2,296 | €6,034 | +€3,738 | +163% |
| Total equity and liabilities | 10/49 | €244,684 | €233,663 | -€11,021 | -4.5% |
| Equity | 10/15 | €51,295 | €72,725 | +€21,430 | +41.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,705 | -€47,275 | +€21,430 | +31.2% |
| Amounts payable | 17/49 | €193,388 | €160,938 | -€32,450 | -16.8% |
| Amounts payable after more than one year | 17 | €65,508 | €43,085 | -€22,423 | -34.2% |
| Financial debts | 170/4 | €65,508 | €43,085 | -€22,423 | -34.2% |
| Amounts payable within one year | 42/48 | €124,432 | €117,672 | -€6,760 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €21,882 | €24,673 | +€2,791 | +12.8% |
| Trade debts | 44 | €10,214 | €14,613 | +€4,399 | +43.1% |
| Suppliers | 440/4 | €10,214 | €14,613 | +€4,399 | +43.1% |
| Taxes, remuneration and social security | 45 | €15,958 | €19,667 | +€3,709 | +23.2% |
| Taxes | 450/3 | €8,740 | €9,562 | +€822 | +9.4% |
| Remuneration and social security | 454/9 | €7,218 | €10,105 | +€2,887 | +40.0% |
| Other amounts payable | 47/48 | €76,377 | €58,719 | -€17,659 | -23.1% |
| Accrued charges and deferred income | 492/3 | €3,448 | €181 | -€3,267 | -94.7% |
| Remuneration, social security and pensions | 62 | €11,330 | €28,130 | +€16,800 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,779 | €30,180 | +€2,401 | +8.6% |
| Other operating charges | 640/8 | €1,234 | €1,148 | -€86 | -7.0% |
| Gross operating margin | 9900 | €103,068 | €87,164 | -€15,904 | -15.4% |
| Operating profit (loss) | 9901 | €62,726 | €27,707 | -€35,019 | -55.8% |
| Financial income | 75/76B | €17 | €0 | -€17 | -98.5% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -98.5% |
| Financial charges | 65/66B | €6,455 | €6,278 | -€177 | -2.7% |
| Recurring financial charges | 65 | €6,455 | €6,278 | -€177 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €56,288 | €21,430 | -€34,858 | -61.9% |
| Profit (loss) for the period | 9904 | €56,288 | €21,430 | -€34,858 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,288 | €21,430 | -€34,858 | -61.9% |
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 21 October 2026 via checked.be.