Jos Bouckaert: 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.
Jos Bouckaert
Largest movements
- Cash -€109,738
down €109,738 (-46.3%), from €236,837 to €127,100
mainly Contributions, distributions and other (-€385,000) and Deferred charges and accrued income (-€25,075)
- Receivables within one year -€37,977
down €37,977 (-38.4%), from €98,893 to €60,916
of which Trade receivables: -€37,953
- Deferred charges and accrued income +€25,075
up €25,075 (+2,018%), from €1,242 to €26,317
- Tangible fixed assets -€4,500
down €4,500 (-65.4%), from €6,885 to €2,385
- Reserves -€314,000
down €314,000 (-100%), from €314,000 to €0
- Other debts +€152,962
up €152,962 (+84,258%), from €182 to €153,144
- Tax, wage and social debts +€35,047
up €35,047 (+2,484%), from €1,411 to €36,457
- Debts after one year -€5,554
down €5,554 (-100%), from €5,554 to €0
- Trade debts +€4,793
up €4,793 (+341%), from €1,407 to €6,200
- Taxes +€5,915
up €5,915 (+29.9%), from €19,759 to €25,673
- Financial income -€1,526
down €1,526 (-46.0%), from €3,315 to €1,789
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 | €343,858 | €216,718 | -€127,139 | -37.0% |
| Fixed assets | 21/28 | €6,885 | €2,385 | -€4,500 | -65.4% |
| Tangible fixed assets | 22/27 | €6,885 | €2,385 | -€4,500 | -65.4% |
| Plant, machinery and equipment | 23 | €6,885 | €2,385 | -€4,500 | -65.4% |
| Current assets | 29/58 | €336,973 | €214,333 | -€122,639 | -36.4% |
| Amounts receivable within one year | 40/41 | €98,893 | €60,916 | -€37,977 | -38.4% |
| Trade receivables | 40 | €97,272 | €59,319 | -€37,953 | -39.0% |
| Other amounts receivable | 41 | €1,621 | €1,597 | -€24 | -1.5% |
| Cash at bank and in hand | 54/58 | €236,837 | €127,100 | -€109,738 | -46.3% |
| Deferred charges and accrued income | 490/1 | €1,242 | €26,317 | +€25,075 | +2,018% |
| Total equity and liabilities | 10/49 | €343,858 | €216,718 | -€127,139 | -37.0% |
| Equity | 10/15 | €329,805 | €15,364 | -€314,442 | -95.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €314,000 | €0 | -€314,000 | -100% |
| Distributable reserves | 133 | €314,000 | €0 | -€314,000 | -100% |
| Profit (loss) carried forward | 14 | €805 | €364 | -€442 | -54.9% |
| Amounts payable | 17/49 | €14,052 | €201,355 | +€187,302 | +1,333% |
| Amounts payable after more than one year | 17 | €5,554 | €0 | -€5,554 | -100% |
| Financial debts | 170/4 | €5,554 | €0 | -€5,554 | -100% |
| Amounts payable within one year | 42/48 | €8,498 | €201,355 | +€192,856 | +2,269% |
| Current portion of amounts payable after more than one year | 42 | €5,499 | €5,554 | +€55 | +1.0% |
| Trade debts | 44 | €1,407 | €6,200 | +€4,793 | +341% |
| Suppliers | 440/4 | €1,407 | €6,200 | +€4,793 | +341% |
| Taxes, remuneration and social security | 45 | €1,411 | €36,457 | +€35,047 | +2,484% |
| Taxes | 450/3 | €1,411 | €36,457 | +€35,047 | +2,484% |
| Other amounts payable | 47/48 | €182 | €153,144 | +€152,962 | +84,258% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,500 | €4,500 | = | 0.0% |
| Other operating charges | 640/8 | €898 | €814 | -€84 | -9.4% |
| Gross operating margin | 9900 | €99,983 | €100,039 | +€56 | +0.1% |
| Operating profit (loss) | 9901 | €94,585 | €94,726 | +€141 | +0.1% |
| Financial income | 75/76B | €3,315 | €1,789 | -€1,526 | -46.0% |
| Recurring financial income | 75 | €3,315 | €1,789 | -€1,526 | -46.0% |
| Financial charges | 65/66B | €341 | €284 | -€57 | -16.7% |
| Recurring financial charges | 65 | €341 | €284 | -€57 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €97,560 | €96,231 | -€1,328 | -1.4% |
| Income taxes | 67/77 | €19,759 | €25,673 | +€5,915 | +29.9% |
| Profit (loss) for the period | 9904 | €77,801 | €70,558 | -€7,243 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,801 | €70,558 | -€7,243 | -9.3% |
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 19 October 2026 via checked.be.