De Bouver: 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.
De Bouver
Largest movements
- Stocks and contracts +€128,050
up €128,050 (+9.6%), from €1.3m to €1.5m
- Reserves +€71,350
up €71,350 (+222%), from €32,167 to €103,517
- Debts after one year +€25,473
up €25,473 (+2.3%), from €1.1m to €1.1m
- Tax, wage and social debts +€19,476
up €19,476 (+179%), from €10,880 to €30,355
of which Taxes: +€21,352
- Trade debts -€16,811
down €16,811 (-11.3%), from €148,125 to €131,314
- Gross operating margin +€77,328
up €77,328 (+39.6%), from €195,267 to €272,595
- Taxes +€18,953
up €18,953 (+1,040%), from €1,822 to €20,775
- Depreciation -€4,609
down €4,609 (-27.6%), from €16,671 to €12,063
- Staff costs -€4,476
down €4,476 (-3.0%), from €150,111 to €145,636
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,379,500 | €1,484,657 | +€105,157 | +7.6% |
| Fixed assets | 21/28 | €18,644 | €6,581 | -€12,063 | -64.7% |
| Tangible fixed assets | 22/27 | €18,644 | €6,581 | -€12,063 | -64.7% |
| Plant, machinery and equipment | 23 | €16,523 | €6,581 | -€9,942 | -60.2% |
| Furniture and vehicles | 24 | €2,121 | €0 | -€2,121 | -100% |
| Current assets | 29/58 | €1,360,856 | €1,478,075 | +€117,219 | +8.6% |
| Stocks and contracts in progress | 3 | €1,328,700 | €1,456,750 | +€128,050 | +9.6% |
| Stocks | 30/36 | €1,328,700 | €1,456,750 | +€128,050 | +9.6% |
| Amounts receivable within one year | 40/41 | €13,906 | €16,064 | +€2,159 | +15.5% |
| Trade receivables | 40 | €10,016 | €10,503 | +€487 | +4.9% |
| Other amounts receivable | 41 | €3,890 | €5,562 | +€1,671 | +43.0% |
| Cash at bank and in hand | 54/58 | €17,160 | €4,120 | -€13,040 | -76.0% |
| Deferred charges and accrued income | 490/1 | €1,091 | €1,141 | +€51 | +4.6% |
| Total equity and liabilities | 10/49 | €1,379,500 | €1,484,657 | +€105,157 | +7.6% |
| Equity | 10/15 | €38,317 | €109,667 | +€71,350 | +186% |
| Contributions | 10/11 | €6,150 | €6,150 | = | 0.0% |
| Reserves | 13 | €32,167 | €103,517 | +€71,350 | +222% |
| Distributable reserves | 133 | €32,167 | €103,517 | +€71,350 | +222% |
| Amounts payable | 17/49 | €1,341,183 | €1,374,990 | +€33,807 | +2.5% |
| Amounts payable after more than one year | 17 | €1,087,324 | €1,112,797 | +€25,473 | +2.3% |
| Financial debts | 170/4 | €1,087,324 | €1,112,797 | +€25,473 | +2.3% |
| Amounts payable within one year | 42/48 | €221,778 | €220,929 | -€848 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €62,773 | €59,260 | -€3,513 | -5.6% |
| Trade debts | 44 | €148,125 | €131,314 | -€16,811 | -11.3% |
| Suppliers | 440/4 | €148,125 | €131,314 | -€16,811 | -11.3% |
| Taxes, remuneration and social security | 45 | €10,880 | €30,355 | +€19,476 | +179% |
| Taxes | 450/3 | €3,901 | €25,254 | +€21,352 | +547% |
| Remuneration and social security | 454/9 | €6,978 | €5,102 | -€1,876 | -26.9% |
| Accrued charges and deferred income | 492/3 | €32,081 | €41,264 | +€9,183 | +28.6% |
| Remuneration, social security and pensions | 62 | €150,111 | €145,636 | -€4,476 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,671 | €12,063 | -€4,609 | -27.6% |
| Other operating charges | 640/8 | €1,025 | €1,385 | +€360 | +35.1% |
| Gross operating margin | 9900 | €195,267 | €272,595 | +€77,328 | +39.6% |
| Operating profit (loss) | 9901 | €27,460 | €113,512 | +€86,052 | +313% |
| Financial income | 75/76B | €8 | €557 | +€549 | +6,593% |
| Recurring financial income | 75 | €8 | €557 | +€549 | +6,593% |
| Financial charges | 65/66B | €22,672 | €21,944 | -€728 | -3.2% |
| Recurring financial charges | 65 | €22,672 | €21,944 | -€728 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €4,796 | €92,125 | +€87,329 | +1,821% |
| Income taxes | 67/77 | €1,822 | €20,775 | +€18,953 | +1,040% |
| Profit (loss) for the period | 9904 | €2,974 | €71,350 | +€68,376 | +2,299% |
| Profit (loss) for the period to be appropriated | 9905 | €2,974 | €71,350 | +€68,376 | +2,299% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.