DAMIEN BOUCHERY: 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.
DAMIEN BOUCHERY
Largest movements
- Stocks and contracts -€13,850
down €13,850 (-67.1%), from €20,627 to €6,777
- Deferred charges and accrued income -€10,475
down €10,475 (-97.9%), from €10,696 to €221
- Tangible fixed assets -€4,015
down €4,015 (-27.4%), from €14,664 to €10,649
of which Land and buildings: -€3,529
- Profit (loss) carried forward -€27,684
down €27,684 (-38.0%), from €72,829 to €45,145
- Trade debts +€16,516
up €16,516 (+215%), from €7,677 to €24,193
- Tax, wage and social debts -€11,220
down €11,220 (-57.5%), from €19,497 to €8,277
of which Remuneration and social security: -€6,832
- Other debts -€6,522
down €6,522 (-89.3%), from €7,302 to €780
- Gross operating margin -€43,083
down €43,083 (-51.1%), from €84,358 to €41,275
- Staff costs -€7,617
down €7,617 (-11.2%), from €68,271 to €60,654
- Other operating charges -€3,749
no longer reported in 2025 (was €3,749)
- Depreciation -€1,495
down €1,495 (-18.9%), from €7,914 to €6,419
- Financial charges +€1,044
up €1,044 (+163%), from €641 to €1,684
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 | €130,765 | €101,855 | -€28,910 | -22.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €15,384 | €11,569 | -€3,815 | -24.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €14,664 | €10,649 | -€4,015 | -27.4% |
| Land and buildings | 22 | €8,663 | €5,134 | -€3,529 | -40.7% |
| Plant, machinery and equipment | 23 | €1,729 | €413 | -€1,317 | -76.1% |
| Furniture and vehicles | 24 | €4,272 | €5,102 | +€831 | +19.4% |
| Financial fixed assets | 28 | €720 | €920 | +€200 | +27.8% |
| Current assets | 29/58 | €115,381 | €90,286 | -€25,094 | -21.7% |
| Stocks and contracts in progress | 3 | €20,627 | €6,777 | -€13,850 | -67.1% |
| Stocks | 30/36 | €20,627 | €6,777 | -€13,850 | -67.1% |
| Amounts receivable within one year | 40/41 | €49,474 | €49,291 | -€183 | -0.4% |
| Trade receivables | 40 | €2,691 | €904 | -€1,787 | -66.4% |
| Other amounts receivable | 41 | €46,783 | €48,387 | +€1,604 | +3.4% |
| Cash at bank and in hand | 54/58 | €34,584 | €33,997 | -€586 | -1.7% |
| Deferred charges and accrued income | 490/1 | €10,696 | €221 | -€10,475 | -97.9% |
| Total equity and liabilities | 10/49 | €130,765 | €101,855 | -€28,910 | -22.1% |
| Equity | 10/15 | €96,289 | €68,605 | -€27,684 | -28.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,829 | €45,145 | -€27,684 | -38.0% |
| Amounts payable | 17/49 | €34,476 | €33,250 | -€1,226 | -3.6% |
| Amounts payable within one year | 42/48 | €34,476 | €33,250 | -€1,226 | -3.6% |
| Trade debts | 44 | €7,677 | €24,193 | +€16,516 | +215% |
| Suppliers | 440/4 | €7,677 | €24,193 | +€16,516 | +215% |
| Taxes, remuneration and social security | 45 | €19,497 | €8,277 | -€11,220 | -57.5% |
| Taxes | 450/3 | €6,859 | €2,471 | -€4,388 | -64.0% |
| Remuneration and social security | 454/9 | €12,638 | €5,806 | -€6,832 | -54.1% |
| Other amounts payable | 47/48 | €7,302 | €780 | -€6,522 | -89.3% |
| Remuneration, social security and pensions | 62 | €68,271 | €60,654 | -€7,617 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,914 | €6,419 | -€1,495 | -18.9% |
| Other operating charges | 640/8 | €3,749 | - | -€3,749 | |
| Gross operating margin | 9900 | €84,358 | €41,275 | -€43,083 | -51.1% |
| Operating profit (loss) | 9901 | €4,424 | -€25,798 | -€30,222 | |
| Financial income | 75/76B | €4 | €22 | +€17 | +400% |
| Recurring financial income | 75 | €4 | €22 | +€17 | +400% |
| Financial charges | 65/66B | €641 | €1,684 | +€1,044 | +163% |
| Recurring financial charges | 65 | €641 | €1,684 | +€1,044 | +163% |
| Profit (loss) for the period before taxes | 9903 | €3,788 | -€27,460 | -€31,248 | |
| Income taxes | 67/77 | €762 | €223 | -€538 | -70.7% |
| Profit (loss) for the period | 9904 | €3,027 | -€27,684 | -€30,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,027 | -€27,684 | -€30,710 |
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 24 October 2026 via checked.be.