Cycles Bouvy: 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.
Cycles Bouvy
Largest movements
- Stocks and contracts -€28,555
down €28,555 (-14.7%), from €193,659 to €165,104
- Receivables within one year +€16,477
up €16,477 (+4,845%), from €340 to €16,817
- Tangible fixed assets -€11,065
down €11,065 (-4.8%), from €231,824 to €220,759
of which Land and buildings: -€12,384
- Debts after one year -€32,346
down €32,346 (-14.4%), from €224,943 to €192,597
of which Financial debts: -€20,846
- Trade debts -€31,031
down €31,031 (-34.8%), from €89,283 to €58,252
- Profit (loss) carried forward +€25,982
up €25,982 (+12.6%), from -€206,428 to -€180,447
- Other debts +€13,526
up €13,526 (+1,550%), from €873 to €14,399
- Gross operating margin +€56,914
up €56,914 (+377%), from €15,107 to €72,020
- Financial charges -€6,913
down €6,913 (-26.3%), from €26,282 to €19,369
- Depreciation +€836
up €836 (+5.2%), from €16,020 to €16,856
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 | €430,891 | €408,428 | -€22,463 | -5.2% |
| Fixed assets | 21/28 | €231,824 | €220,759 | -€11,065 | -4.8% |
| Tangible fixed assets | 22/27 | €231,824 | €220,759 | -€11,065 | -4.8% |
| Land and buildings | 22 | €218,753 | €206,369 | -€12,384 | -5.7% |
| Plant, machinery and equipment | 23 | €11,638 | €14,390 | +€2,752 | +23.6% |
| Furniture and vehicles | 24 | €170 | €0 | -€170 | -100% |
| Other tangible fixed assets | 26 | €1,263 | €0 | -€1,263 | -100% |
| Current assets | 29/58 | €199,067 | €187,669 | -€11,398 | -5.7% |
| Stocks and contracts in progress | 3 | €193,659 | €165,104 | -€28,555 | -14.7% |
| Stocks | 30/36 | €193,659 | €165,104 | -€28,555 | -14.7% |
| Amounts receivable within one year | 40/41 | €340 | €16,817 | +€16,477 | +4,845% |
| Trade receivables | 40 | €340 | €16,817 | +€16,477 | +4,845% |
| Current investments | 50/53 | €3 | €3 | +€0 | +13.0% |
| Cash at bank and in hand | 54/58 | €4,097 | €4,105 | +€8 | +0.2% |
| Deferred charges and accrued income | 490/1 | €968 | €1,640 | +€672 | +69.4% |
| Total equity and liabilities | 10/49 | €430,891 | €408,428 | -€22,463 | -5.2% |
| Equity | 10/15 | -€78,745 | -€52,763 | +€25,982 | +33.0% |
| Contributions | 10/11 | €127,684 | €127,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,428 | -€180,447 | +€25,982 | +12.6% |
| Amounts payable | 17/49 | €509,636 | €461,191 | -€48,445 | -9.5% |
| Amounts payable after more than one year | 17 | €224,943 | €192,597 | -€32,346 | -14.4% |
| Financial debts | 170/4 | €179,943 | €159,097 | -€20,846 | -11.6% |
| Other amounts payable | 178/9 | €45,000 | €33,500 | -€11,500 | -25.6% |
| Amounts payable within one year | 42/48 | €283,667 | €267,703 | -€15,963 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €23,136 | €23,805 | +€669 | +2.9% |
| Financial debts | 43 | €162,500 | €162,500 | = | 0.0% |
| Credit institutions | 430/8 | €162,500 | €162,500 | = | 0.0% |
| Trade debts | 44 | €89,283 | €58,252 | -€31,031 | -34.8% |
| Suppliers | 440/4 | €89,283 | €58,252 | -€31,031 | -34.8% |
| Taxes, remuneration and social security | 45 | €7,875 | €8,747 | +€872 | +11.1% |
| Taxes | 450/3 | €7,753 | €7,497 | -€256 | -3.3% |
| Remuneration and social security | 454/9 | €122 | €1,250 | +€1,128 | +926% |
| Other amounts payable | 47/48 | €873 | €14,399 | +€13,526 | +1,550% |
| Accrued charges and deferred income | 492/3 | €1,026 | €891 | -€135 | -13.2% |
| Remuneration, social security and pensions | 62 | €5,897 | €5,488 | -€408 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,020 | €16,856 | +€836 | +5.2% |
| Other operating charges | 640/8 | €4,867 | €4,736 | -€131 | -2.7% |
| Gross operating margin | 9900 | €15,107 | €72,020 | +€56,914 | +377% |
| Operating profit (loss) | 9901 | -€11,677 | €44,941 | +€56,618 | |
| Financial income | 75/76B | €332 | €407 | +€75 | +22.5% |
| Recurring financial income | 75 | €332 | €407 | +€75 | +22.5% |
| Financial charges | 65/66B | €26,282 | €19,369 | -€6,913 | -26.3% |
| Recurring financial charges | 65 | €26,282 | €19,369 | -€6,913 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,627 | €25,979 | +€63,606 | |
| Income taxes | 67/77 | €4 | -€3 | -€7 | |
| Profit (loss) for the period | 9904 | -€37,631 | €25,982 | +€63,613 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,631 | €25,982 | +€63,613 |
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 19 October 2026 via checked.be.