CONSTRUCTION BOUCHER THIERRY: 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.
CONSTRUCTION BOUCHER THIERRY
Largest movements
- Tangible fixed assets +€29,067
up €29,067 (+96.3%), from €30,172 to €59,239
of which Plant, machinery and equipment: +€31,460
- Receivables within one year -€20,306
down €20,306 (-49.4%), from €41,077 to €20,771
of which Trade receivables: -€25,067
- Cash -€17,290
down €17,290 (-9.6%), from €179,456 to €162,166
mainly Investment in fixed assets (net) (-€37,200) and Contributions, distributions and other (-€24,000)
- Other debts +€19,778
up €19,778 (+655%), from €3,022 to €22,800
- Trade debts -€13,060
down €13,060 (-37.4%), from €34,902 to €21,842
- Debts after one year -€5,399
no longer reported in 2025 (was €5,399)
- Reserves -€5,200
down €5,200 (-3.2%), from €163,960 to €158,760
of which Distributable reserves: -€5,200
- Turnover -€46,799
down €46,799 (-10.5%), from €444,120 to €397,322
- Gross operating margin -€28,418
down €28,418 (-43.5%), from €65,282 to €36,865
- Purchases and services -€19,165
down €19,165 (-5.0%), from €382,023 to €362,857
- Taxes -€10,807
down €10,807 (-57.5%), from €18,798 to €7,991
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 | €251,672 | €244,693 | -€6,979 | -2.8% |
| Fixed assets | 21/28 | €30,332 | €59,399 | +€29,067 | +95.8% |
| Tangible fixed assets | 22/27 | €30,172 | €59,239 | +€29,067 | +96.3% |
| Plant, machinery and equipment | 23 | €26,406 | €57,866 | +€31,460 | +119% |
| Furniture and vehicles | 24 | €3,767 | €1,373 | -€2,394 | -63.5% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €221,340 | €185,294 | -€36,046 | -16.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €41,077 | €20,771 | -€20,306 | -49.4% |
| Trade receivables | 40 | €40,249 | €15,182 | -€25,067 | -62.3% |
| Other amounts receivable | 41 | €828 | €5,589 | +€4,761 | +575% |
| Cash at bank and in hand | 54/58 | €179,456 | €162,166 | -€17,290 | -9.6% |
| Deferred charges and accrued income | 490/1 | €806 | €2,357 | +€1,551 | +192% |
| Total equity and liabilities | 10/49 | €251,672 | €244,693 | -€6,979 | -2.8% |
| Equity | 10/15 | €187,670 | €182,527 | -€5,143 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,960 | €158,760 | -€5,200 | -3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €162,100 | €156,900 | -€5,200 | -3.2% |
| Profit (loss) carried forward | 14 | €5,110 | €5,167 | +€57 | +1.1% |
| Amounts payable | 17/49 | €64,002 | €62,166 | -€1,836 | -2.9% |
| Amounts payable after more than one year | 17 | €5,399 | - | -€5,399 | |
| Financial debts | 170/4 | €5,399 | - | -€5,399 | |
| Amounts payable within one year | 42/48 | €58,261 | €62,166 | +€3,905 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €7,073 | €5,399 | -€1,674 | -23.7% |
| Trade debts | 44 | €34,902 | €21,842 | -€13,060 | -37.4% |
| Suppliers | 440/4 | €34,902 | €21,842 | -€13,060 | -37.4% |
| Taxes, remuneration and social security | 45 | €13,264 | €12,125 | -€1,139 | -8.6% |
| Taxes | 450/3 | €13,264 | €12,125 | -€1,139 | -8.6% |
| Other amounts payable | 47/48 | €3,022 | €22,800 | +€19,778 | +655% |
| Accrued charges and deferred income | 492/3 | €341 | - | -€341 | |
| Turnover | 70 | €444,120 | €397,322 | -€46,799 | -10.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €382,023 | €362,857 | -€19,165 | -5.0% |
| Remuneration, social security and pensions | 62 | €1,144 | €602 | -€542 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,873 | €8,133 | +€260 | +3.3% |
| Other operating charges | 640/8 | €912 | €938 | +€27 | +2.9% |
| Non-recurring operating charges | 66A | - | €6 | +€6 | |
| Gross operating margin | 9900 | €65,282 | €36,865 | -€28,418 | -43.5% |
| Operating profit (loss) | 9901 | €55,354 | €27,185 | -€28,169 | -50.9% |
| Financial income | 75/76B | €57 | €3 | -€53 | -94.4% |
| Recurring financial income | 75 | €57 | €3 | -€53 | -94.4% |
| Financial charges | 65/66B | €620 | €341 | -€279 | -45.0% |
| Recurring financial charges | 65 | €524 | €341 | -€183 | -35.0% |
| Non-recurring financial charges | 66B | €96 | - | -€96 | |
| Profit (loss) for the period before taxes | 9903 | €54,791 | €26,847 | -€27,944 | -51.0% |
| Income taxes | 67/77 | €18,798 | €7,991 | -€10,807 | -57.5% |
| Profit (loss) for the period | 9904 | €35,993 | €18,857 | -€17,137 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,993 | €18,857 | -€17,137 | -47.6% |
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.