LA BOUEE: what changed
Two fiscal 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.
LA BOUEE
Largest movements
- Receivables within one year +€8,146
up €8,146 (+20.7%), from €39,319 to €47,465
of which Trade receivables: +€9,164
- Stocks and contracts -€7,314
down €7,314 (-25.2%), from €28,977 to €21,663
- Cash +€6,980
up €6,980 (+30.4%), from €22,933 to €29,913
mainly Net result for the year (+€14,897) and Stocks and contracts (+€7,314)
- Financial fixed assets +€1,760
up €1,760 (+14.7%), from €12,000 to €13,760
- Tangible fixed assets -€1,185
down €1,185 (-39.9%), from €2,971 to €1,786
of which Plant, machinery and equipment: -€1,185
- Profit (loss) carried forward +€6,322
up €6,322 (+19.4%), from €32,665 to €38,986
- Trade debts +€2,113
up €2,113 (+30.7%), from €6,873 to €8,985
- Gross operating margin -€12,724
down €12,724 (-35.1%), from €36,200 to €23,476
- Write-downs -€6,407
down €6,407 (-79.0%), from €8,107 to €1,699
- Other operating charges -€2,581
down €2,581 (-74.1%), from €3,484 to €904
- Financial income +€1,825
new in 2025: €1,825
- Financial charges -€629
down €629 (-35.8%), from €1,754 to €1,126
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.
Cash bridge derived
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 | €106,201 | €114,588 | +€8,387 | +7.9% |
| Fixed assets | 21/28 | €14,971 | €15,546 | +€575 | +3.8% |
| Tangible fixed assets | 22/27 | €2,971 | €1,786 | -€1,185 | -39.9% |
| Plant, machinery and equipment | 23 | €2,971 | €1,786 | -€1,185 | -39.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €12,000 | €13,760 | +€1,760 | +14.7% |
| Current assets | 29/58 | €91,229 | €99,041 | +€7,812 | +8.6% |
| Stocks and contracts in progress | 3 | €28,977 | €21,663 | -€7,314 | -25.2% |
| Stocks | 30/36 | €28,977 | €21,663 | -€7,314 | -25.2% |
| Amounts receivable within one year | 40/41 | €39,319 | €47,465 | +€8,146 | +20.7% |
| Trade receivables | 40 | €38,302 | €47,465 | +€9,164 | +23.9% |
| Other amounts receivable | 41 | €1,017 | €0 | -€1,017 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,933 | €29,913 | +€6,980 | +30.4% |
| Total equity and liabilities | 10/49 | €106,201 | €114,588 | +€8,387 | +7.9% |
| Equity | 10/15 | €95,310 | €101,631 | +€6,322 | +6.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €672 | €672 | = | 0.0% |
| Non-distributable reserves | 130/1 | €672 | €672 | = | 0.0% |
| Legal reserve | 130 | €672 | €672 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,665 | €38,986 | +€6,322 | +19.4% |
| Amounts payable | 17/49 | €10,891 | €12,956 | +€2,065 | +19.0% |
| Amounts payable within one year | 42/48 | €10,891 | €12,956 | +€2,065 | +19.0% |
| Trade debts | 44 | €6,873 | €8,985 | +€2,113 | +30.7% |
| Suppliers | 440/4 | €6,873 | €8,985 | +€2,113 | +30.7% |
| Taxes, remuneration and social security | 45 | €3,964 | €3,917 | -€47 | -1.2% |
| Taxes | 450/3 | €3,964 | €3,917 | -€47 | -1.2% |
| Other amounts payable | 47/48 | €54 | €54 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,248 | €1,185 | -€63 | -5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,107 | €1,699 | -€6,407 | -79.0% |
| Other operating charges | 640/8 | €3,484 | €904 | -€2,581 | -74.1% |
| Gross operating margin | 9900 | €36,200 | €23,476 | -€12,724 | -35.1% |
| Operating profit (loss) | 9901 | €23,361 | €19,688 | -€3,673 | -15.7% |
| Financial income | 75/76B | - | €1,825 | +€1,825 | |
| Recurring financial income | 75 | - | €1,825 | +€1,825 | |
| Financial charges | 65/66B | €1,754 | €1,126 | -€629 | -35.8% |
| Recurring financial charges | 65 | €1,754 | €1,126 | -€629 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €21,607 | €20,388 | -€1,219 | -5.6% |
| Income taxes | 67/77 | €5,870 | €5,491 | -€379 | -6.5% |
| Profit (loss) for the period | 9904 | €15,737 | €14,897 | -€840 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,737 | €14,897 | -€840 | -5.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.