L'ARTISAN BOUCHER: 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.
L'ARTISAN BOUCHER
Largest movements
- Tangible fixed assets -€18,864
down €18,864 (-9.4%), from €201,158 to €182,295
of which Land and buildings: -€9,784
- Stocks and contracts +€2,954
up €2,954 (+58.1%), from €5,088 to €8,042
- Current portion of long-term debt -€14,391
down €14,391 (-37.5%), from €38,352 to €23,962
- Trade debts +€11,433
up €11,433 (+26.4%), from €43,297 to €54,730
- Debts after one year -€8,764
down €8,764 (-7.9%), from €110,331 to €101,567
- Short-term financial debts -€6,424
no longer reported in 2025 (was €6,424)
- Gross operating margin -€2,804
down €2,804 (-7.1%), from €39,436 to €36,632
- Depreciation -€1,698
down €1,698 (-7.9%), from €21,590 to €19,892
- Taxes -€646
down €646 (-17.7%), from €3,646 to €3,000
- Financial income -€481
down €481 (-53.4%), from €902 to €421
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 | €217,601 | €201,240 | -€16,361 | -7.5% |
| Fixed assets | 21/28 | €201,158 | €182,295 | -€18,864 | -9.4% |
| Tangible fixed assets | 22/27 | €201,158 | €182,295 | -€18,864 | -9.4% |
| Land and buildings | 22 | €187,812 | €178,028 | -€9,784 | -5.2% |
| Plant, machinery and equipment | 23 | €1,875 | €2,048 | +€173 | +9.2% |
| Furniture and vehicles | 24 | €11,471 | €2,218 | -€9,253 | -80.7% |
| Current assets | 29/58 | €16,443 | €18,945 | +€2,502 | +15.2% |
| Stocks and contracts in progress | 3 | €5,088 | €8,042 | +€2,954 | +58.1% |
| Stocks | 30/36 | €5,088 | €8,042 | +€2,954 | +58.1% |
| Amounts receivable within one year | 40/41 | €8,427 | €7,231 | -€1,196 | -14.2% |
| Trade receivables | 40 | €45 | - | -€45 | |
| Other amounts receivable | 41 | €8,382 | €7,231 | -€1,151 | -13.7% |
| Cash at bank and in hand | 54/58 | €2,928 | €3,462 | +€534 | +18.2% |
| Deferred charges and accrued income | 490/1 | - | €210 | +€210 | |
| Total equity and liabilities | 10/49 | €217,601 | €201,240 | -€16,361 | -7.5% |
| Equity | 10/15 | €8,757 | €9,103 | +€346 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,843 | -€9,497 | +€346 | +3.5% |
| Amounts payable | 17/49 | €208,844 | €192,137 | -€16,707 | -8.0% |
| Amounts payable after more than one year | 17 | €110,331 | €101,567 | -€8,764 | -7.9% |
| Financial debts | 170/4 | €110,331 | €101,567 | -€8,764 | -7.9% |
| Amounts payable within one year | 42/48 | €98,514 | €90,571 | -€7,943 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €38,352 | €23,962 | -€14,391 | -37.5% |
| Financial debts | 43 | €6,424 | - | -€6,424 | |
| Credit institutions | 430/8 | €6,424 | - | -€6,424 | |
| Trade debts | 44 | €43,297 | €54,730 | +€11,433 | +26.4% |
| Suppliers | 440/4 | €43,297 | €54,730 | +€11,433 | +26.4% |
| Taxes, remuneration and social security | 45 | €10,440 | €11,879 | +€1,439 | +13.8% |
| Taxes | 450/3 | €10,440 | €11,879 | +€1,439 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,590 | €19,892 | -€1,698 | -7.9% |
| Other operating charges | 640/8 | €3,626 | €3,519 | -€106 | -2.9% |
| Gross operating margin | 9900 | €39,436 | €36,632 | -€2,804 | -7.1% |
| Operating profit (loss) | 9901 | €14,220 | €13,220 | -€1,000 | -7.0% |
| Financial income | 75/76B | €902 | €421 | -€481 | -53.4% |
| Recurring financial income | 75 | €902 | €421 | -€481 | -53.4% |
| Financial charges | 65/66B | €9,924 | €10,295 | +€372 | +3.7% |
| Recurring financial charges | 65 | €9,924 | €10,295 | +€372 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €5,199 | €3,346 | -€1,853 | -35.6% |
| Income taxes | 67/77 | €3,646 | €3,000 | -€646 | -17.7% |
| Profit (loss) for the period | 9904 | €1,553 | €346 | -€1,207 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,553 | €346 | -€1,207 | -77.7% |
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 30 October 2026 via checked.be.