DR. BOUCKAERT BERNARD: 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.
DR. BOUCKAERT BERNARD
Largest movements
- Cash -€16,446
down €16,446 (-4.3%), from €383,841 to €367,395
mainly Contributions, distributions and other (-€275,000) and Other debts (-€16,258)
- Deferred charges and accrued income +€16,081
up €16,081 (+14.5%), from €111,101 to €127,182
- Reserves +€18,732
up €18,732 (+9.3%), from €202,315 to €221,047
- Other debts -€16,258
down €16,258 (-5.2%), from €313,095 to €296,837
- Tax, wage and social debts +€6,691
up €6,691 (+28.7%), from €23,277 to €29,968
of which Taxes: +€6,691
- Gross operating margin +€47,234
up €47,234 (+13.9%), from €340,476 to €387,710
- Taxes +€12,622
up €12,622 (+16.0%), from €78,685 to €91,307
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 | €560,113 | €566,533 | +€6,420 | +1.1% |
| Fixed assets | 21/28 | €13,704 | €14,950 | +€1,246 | +9.1% |
| Tangible fixed assets | 22/27 | €13,704 | €14,950 | +€1,246 | +9.1% |
| Plant, machinery and equipment | 23 | €7,317 | €4,952 | -€2,365 | -32.3% |
| Furniture and vehicles | 24 | - | €8,390 | +€8,390 | |
| Other tangible fixed assets | 26 | €6,387 | €1,608 | -€4,779 | -74.8% |
| Current assets | 29/58 | €546,409 | €551,583 | +€5,174 | +0.9% |
| Current investments | 50/53 | €51,467 | €57,006 | +€5,539 | +10.8% |
| Cash at bank and in hand | 54/58 | €383,841 | €367,395 | -€16,446 | -4.3% |
| Deferred charges and accrued income | 490/1 | €111,101 | €127,182 | +€16,081 | +14.5% |
| Total equity and liabilities | 10/49 | €560,113 | €566,533 | +€6,420 | +1.1% |
| Equity | 10/15 | €220,915 | €239,647 | +€18,732 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,315 | €221,047 | +€18,732 | +9.3% |
| Distributable reserves | 133 | €202,315 | €221,047 | +€18,732 | +9.3% |
| Amounts payable | 17/49 | €339,198 | €326,886 | -€12,312 | -3.6% |
| Amounts payable within one year | 42/48 | €338,337 | €326,886 | -€11,451 | -3.4% |
| Trade debts | 44 | €1,965 | €81 | -€1,884 | -95.9% |
| Suppliers | 440/4 | €1,965 | €81 | -€1,884 | -95.9% |
| Taxes, remuneration and social security | 45 | €23,277 | €29,968 | +€6,691 | +28.7% |
| Taxes | 450/3 | €20,027 | €26,718 | +€6,691 | +33.4% |
| Remuneration and social security | 454/9 | €3,250 | €3,250 | = | 0.0% |
| Other amounts payable | 47/48 | €313,095 | €296,837 | -€16,258 | -5.2% |
| Accrued charges and deferred income | 492/3 | €861 | - | -€861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,949 | €7,156 | +€1,207 | +20.3% |
| Other operating charges | 640/8 | €608 | €627 | +€19 | +3.1% |
| Gross operating margin | 9900 | €340,476 | €387,710 | +€47,234 | +13.9% |
| Operating profit (loss) | 9901 | €333,919 | €379,927 | +€46,008 | +13.8% |
| Financial income | 75/76B | €5,639 | €5,652 | +€13 | +0.2% |
| Recurring financial income | 75 | €5,639 | €5,652 | +€13 | +0.2% |
| Financial charges | 65/66B | - | €540 | +€540 | |
| Recurring financial charges | 65 | - | €540 | +€540 | |
| Profit (loss) for the period before taxes | 9903 | €339,558 | €385,039 | +€45,481 | +13.4% |
| Income taxes | 67/77 | €78,685 | €91,307 | +€12,622 | +16.0% |
| Profit (loss) for the period | 9904 | €260,873 | €293,732 | +€32,859 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €260,873 | €293,732 | +€32,859 | +12.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.