DISCOUNT BOGHE: 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.
DISCOUNT BOGHE
Largest movements
- Tangible fixed assets -€40,729
down €40,729 (-21.6%), from €188,617 to €147,888
- Cash +€12,552
up €12,552 (+32.4%), from €38,793 to €51,345
- Other debts -€41,600
down €41,600 (-97.5%), from €42,660 to €1,060
- Profit (loss) carried forward +€17,347
up €17,347 (+19.3%), from -€89,974 to -€72,627
- Tax, wage and social debts -€2,663
down €2,663 (-100%), from €2,663 to €0
- Gross operating margin +€62,600
up €62,600 (+1,347%), from €4,647 to €67,248
- Depreciation +€18,411
up €18,411 (+82.5%), from €22,319 to €40,729
- Other operating charges +€5,009
up €5,009 (+115%), from €4,347 to €9,356
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,409 | €199,793 | -€27,616 | -12.1% |
| Fixed assets | 21/28 | €188,617 | €147,888 | -€40,729 | -21.6% |
| Tangible fixed assets | 22/27 | €188,617 | €147,888 | -€40,729 | -21.6% |
| Land and buildings | 22 | €188,617 | €147,888 | -€40,729 | -21.6% |
| Current assets | 29/58 | €38,793 | €51,905 | +€13,113 | +33.8% |
| Amounts receivable within one year | 40/41 | - | €81 | +€81 | |
| Other amounts receivable | 41 | - | €81 | +€81 | |
| Cash at bank and in hand | 54/58 | €38,793 | €51,345 | +€12,552 | +32.4% |
| Deferred charges and accrued income | 490/1 | - | €480 | +€480 | |
| Total equity and liabilities | 10/49 | €227,409 | €199,793 | -€27,616 | -12.1% |
| Equity | 10/15 | €181,144 | €198,491 | +€17,347 | +9.6% |
| Contributions | 10/11 | €104,115 | €104,115 | = | 0.0% |
| Capital | 10 | €104,115 | €104,115 | = | 0.0% |
| Issued capital | 100 | €104,115 | €104,115 | = | 0.0% |
| Reserves | 13 | €167,002 | €167,002 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,400 | €35,400 | = | 0.0% |
| Legal reserve | 130 | €35,400 | €0 | -€35,400 | -100% |
| Reserves not available under the articles | 1311 | - | €35,400 | +€35,400 | |
| Distributable reserves | 133 | €131,603 | €131,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,974 | -€72,627 | +€17,347 | +19.3% |
| Amounts payable | 17/49 | €46,266 | €1,302 | -€44,964 | -97.2% |
| Amounts payable within one year | 42/48 | €46,266 | €1,302 | -€44,964 | -97.2% |
| Trade debts | 44 | €943 | €242 | -€701 | -74.4% |
| Suppliers | 440/4 | €943 | €242 | -€701 | -74.4% |
| Taxes, remuneration and social security | 45 | €2,663 | €0 | -€2,663 | -100% |
| Taxes | 450/3 | €2,663 | €0 | -€2,663 | -100% |
| Other amounts payable | 47/48 | €42,660 | €1,060 | -€41,600 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,319 | €40,729 | +€18,411 | +82.5% |
| Other operating charges | 640/8 | €4,347 | €9,356 | +€5,009 | +115% |
| Gross operating margin | 9900 | €4,647 | €67,248 | +€62,600 | +1,347% |
| Operating profit (loss) | 9901 | -€22,018 | €17,163 | +€39,181 | |
| Financial income | 75/76B | €107 | €269 | +€162 | +151% |
| Recurring financial income | 75 | €107 | €269 | +€162 | +151% |
| Financial charges | 65/66B | €33 | €97 | +€64 | +195% |
| Recurring financial charges | 65 | €33 | €97 | +€64 | +195% |
| Profit (loss) for the period before taxes | 9903 | -€21,944 | €17,335 | +€39,279 | |
| Income taxes | 67/77 | €21 | -€13 | -€34 | |
| Profit (loss) for the period | 9904 | -€21,965 | €17,347 | +€39,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,965 | €17,347 | +€39,312 |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.