FIDELE BOUVEROUX: 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.
FIDELE BOUVEROUX
Largest movements
- Tangible fixed assets +€25,653
up €25,653 (+41.6%), from €61,673 to €87,326
of which Furniture and vehicles: +€42,391
- Cash +€5,539
up €5,539 (+60.0%), from €9,237 to €14,777
mainly Debts after one year (+€26,796) and Depreciation (+€21,422)
- Receivables within one year +€3,853
up €3,853 (+113%), from €3,398 to €7,251
of which Other amounts receivable: +€3,015
- Deferred charges and accrued income +€1,801
new in 2025: €1,801
- Debts after one year +€26,796
new in 2025: €26,796
- Other debts +€12,713
up €12,713 (+29.8%), from €42,731 to €55,444
- Current portion of long-term debt +€6,804
new in 2025: €6,804
- Profit (loss) carried forward -€6,722
down €6,722 (-328%), from -€2,047 to -€8,769
- Tax, wage and social debts -€1,646
down €1,646 (-13.8%), from €11,932 to €10,286
of which Taxes: -€3,242
- Depreciation +€4,354
up €4,354 (+25.5%), from €17,068 to €21,422
- Gross operating margin +€1,820
up €1,820 (+3.4%), from €54,266 to €56,086
- Other operating charges +€1,266
up €1,266 (+161%), from €786 to €2,053
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 | €81,584 | €118,693 | +€37,109 | +45.5% |
| Fixed assets | 21/28 | €61,673 | €87,326 | +€25,653 | +41.6% |
| Tangible fixed assets | 22/27 | €61,673 | €87,326 | +€25,653 | +41.6% |
| Plant, machinery and equipment | 23 | €58,850 | €42,112 | -€16,738 | -28.4% |
| Furniture and vehicles | 24 | €2,823 | €45,214 | +€42,391 | +1,502% |
| Current assets | 29/58 | €19,911 | €31,366 | +€11,455 | +57.5% |
| Stocks and contracts in progress | 3 | €7,276 | €7,538 | +€262 | +3.6% |
| Stocks | 30/36 | €7,276 | €7,538 | +€262 | +3.6% |
| Amounts receivable within one year | 40/41 | €3,398 | €7,251 | +€3,853 | +113% |
| Trade receivables | 40 | €3,398 | €4,236 | +€838 | +24.7% |
| Other amounts receivable | 41 | - | €3,015 | +€3,015 | |
| Cash at bank and in hand | 54/58 | €9,237 | €14,777 | +€5,539 | +60.0% |
| Deferred charges and accrued income | 490/1 | - | €1,801 | +€1,801 | |
| Total equity and liabilities | 10/49 | €81,584 | €118,693 | +€37,109 | +45.5% |
| Equity | 10/15 | €26,085 | €19,363 | -€6,722 | -25.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,132 | €23,132 | = | 0.0% |
| Distributable reserves | 133 | €23,132 | €23,132 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,047 | -€8,769 | -€6,722 | -328% |
| Amounts payable | 17/49 | €55,499 | €99,330 | +€43,831 | +79.0% |
| Amounts payable after more than one year | 17 | - | €26,796 | +€26,796 | |
| Financial debts | 170/4 | - | €26,796 | +€26,796 | |
| Amounts payable within one year | 42/48 | €55,499 | €72,534 | +€17,035 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,804 | +€6,804 | |
| Trade debts | 44 | €836 | - | -€836 | |
| Suppliers | 440/4 | €836 | - | -€836 | |
| Taxes, remuneration and social security | 45 | €11,932 | €10,286 | -€1,646 | -13.8% |
| Taxes | 450/3 | €5,750 | €2,508 | -€3,242 | -56.4% |
| Remuneration and social security | 454/9 | €6,183 | €7,779 | +€1,596 | +25.8% |
| Other amounts payable | 47/48 | €42,731 | €55,444 | +€12,713 | +29.8% |
| Remuneration, social security and pensions | 62 | €38,395 | €38,578 | +€182 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,068 | €21,422 | +€4,354 | +25.5% |
| Other operating charges | 640/8 | €786 | €2,053 | +€1,266 | +161% |
| Gross operating margin | 9900 | €54,266 | €56,086 | +€1,820 | +3.4% |
| Operating profit (loss) | 9901 | -€1,984 | -€5,967 | -€3,983 | -201% |
| Financial income | 75/76B | €228 | €73 | -€155 | -67.8% |
| Recurring financial income | 75 | €228 | €73 | -€155 | -67.8% |
| Financial charges | 65/66B | €291 | €768 | +€477 | +164% |
| Recurring financial charges | 65 | €291 | €768 | +€477 | +164% |
| Profit (loss) for the period before taxes | 9903 | -€2,047 | -€6,662 | -€4,615 | -225% |
| Income taxes | 67/77 | - | €60 | +€60 | |
| Profit (loss) for the period | 9904 | -€2,047 | -€6,722 | -€4,675 | -228% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,047 | -€6,722 | -€4,675 | -228% |
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 16 October 2026 via checked.be.