La Bûcheronne: 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.
La Bûcheronne
Largest movements
- Receivables within one year +€25,252
up €25,252 (+261%), from €9,661 to €34,913
of which Trade receivables: +€23,480
- Stocks and contracts -€8,783
down €8,783 (-80.0%), from €10,985 to €2,202
- Intangible fixed assets -€7,000
down €7,000 (-12.1%), from €57,726 to €50,726
- Cash -€4,652
down €4,652 (-21.1%), from €22,092 to €17,440
mainly Receivables within one year (-€25,252) and Other debts (-€17,363)
- Deferred charges and accrued income -€4,565
down €4,565 (-81.7%), from €5,590 to €1,025
- Other debts -€17,363
down €17,363 (-99.3%), from €17,483 to €120
- Debts after one year +€14,460
up €14,460 (+20.8%), from €69,389 to €83,849
- Current portion of long-term debt +€7,337
up €7,337 (+55.9%), from €13,121 to €20,458
- Gross operating margin +€12,202
up €12,202 (+47.1%), from €25,921 to €38,123
- Other operating charges +€4,122
up €4,122 (+1,084%), from €380 to €4,503
- Financial charges -€3,217
down €3,217 (-38.0%), from €8,477 to €5,259
- Depreciation +€1,396
up €1,396 (+9.2%), from €15,129 to €16,525
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 | €132,792 | €136,946 | +€4,153 | +3.1% |
| Fixed assets | 21/28 | €84,464 | €81,365 | -€3,099 | -3.7% |
| Intangible fixed assets | 21 | €57,726 | €50,726 | -€7,000 | -12.1% |
| Tangible fixed assets | 22/27 | €25,978 | €29,879 | +€3,901 | +15.0% |
| Furniture and vehicles | 24 | €3,744 | €14,136 | +€10,392 | +278% |
| Leasing and similar rights | 25 | €22,234 | €15,743 | -€6,491 | -29.2% |
| Financial fixed assets | 28 | €760 | €760 | = | 0.0% |
| Current assets | 29/58 | €48,328 | €55,581 | +€7,253 | +15.0% |
| Stocks and contracts in progress | 3 | €10,985 | €2,202 | -€8,783 | -80.0% |
| Stocks | 30/36 | €10,985 | €2,202 | -€8,783 | -80.0% |
| Amounts receivable within one year | 40/41 | €9,661 | €34,913 | +€25,252 | +261% |
| Trade receivables | 40 | €4,360 | €27,840 | +€23,480 | +539% |
| Other amounts receivable | 41 | €5,302 | €7,073 | +€1,772 | +33.4% |
| Cash at bank and in hand | 54/58 | €22,092 | €17,440 | -€4,652 | -21.1% |
| Deferred charges and accrued income | 490/1 | €5,590 | €1,025 | -€4,565 | -81.7% |
| Total equity and liabilities | 10/49 | €132,792 | €136,946 | +€4,153 | +3.1% |
| Equity | 10/15 | €27,340 | €27,720 | +€381 | +1.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,840 | €25,220 | +€381 | +1.5% |
| Amounts payable | 17/49 | €105,453 | €109,225 | +€3,773 | +3.6% |
| Amounts payable after more than one year | 17 | €69,389 | €83,849 | +€14,460 | +20.8% |
| Financial debts | 170/4 | €69,389 | €83,849 | +€14,460 | +20.8% |
| Amounts payable within one year | 42/48 | €35,894 | €25,188 | -€10,706 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €13,121 | €20,458 | +€7,337 | +55.9% |
| Trade debts | 44 | €4,390 | €4,060 | -€330 | -7.5% |
| Suppliers | 440/4 | €4,390 | €4,060 | -€330 | -7.5% |
| Taxes, remuneration and social security | 45 | €900 | €550 | -€350 | -38.9% |
| Taxes | 450/3 | €900 | €550 | -€350 | -38.9% |
| Other amounts payable | 47/48 | €17,483 | €120 | -€17,363 | -99.3% |
| Accrued charges and deferred income | 492/3 | €169 | €189 | +€19 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,129 | €16,525 | +€1,396 | +9.2% |
| Other operating charges | 640/8 | €380 | €4,503 | +€4,122 | +1,084% |
| Non-recurring operating charges | 66A | - | €10,070 | +€10,070 | |
| Gross operating margin | 9900 | €25,921 | €38,123 | +€12,202 | +47.1% |
| Operating profit (loss) | 9901 | €10,412 | €7,025 | -€3,387 | -32.5% |
| Financial income | 75/76B | €36 | €146 | +€111 | +311% |
| Recurring financial income | 75 | €36 | €146 | +€111 | +311% |
| Financial charges | 65/66B | €8,477 | €5,259 | -€3,217 | -38.0% |
| Recurring financial charges | 65 | €8,477 | €5,259 | -€3,217 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €1,971 | €1,911 | -€60 | -3.0% |
| Income taxes | 67/77 | €1,533 | €1,531 | -€2 | -0.1% |
| Profit (loss) for the period | 9904 | €438 | €381 | -€57 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €438 | €381 | -€57 | -13.1% |
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 31 October 2026 via checked.be.