LE BATEAU: 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.
LE BATEAU
Largest movements
- Cash +€53,021
up €53,021 (+78.9%), from €67,182 to €120,203
mainly Net result for the year (+€64,658) and Other debts (+€26,497)
- Tangible fixed assets -€10,819
down €10,819 (-6.0%), from €179,357 to €168,538
of which Land and buildings: -€5,558
- Receivables within one year +€3,686
up €3,686 (+151.4%), from €2,435 to €6,121
of which Trade receivables: +€2,189
- Stocks and contracts +€3,500
up €3,500 (+78.0%), from €4,490 to €7,990
- Reserves +€40,340
up €40,340 (+23.4%), from €172,613 to €212,953
of which Distributable reserves: +€40,340
- Other debts +€26,497
up €26,497 (+756.4%), from €3,503 to €30,000
- Debts after one year -€13,522
down €13,522 (-51.1%), from €26,466 to €12,944
- Profit (loss) carried forward -€5,682
down €5,682 (-55.0%), from €10,340 to €4,658
- Gross operating margin +€53,202
up €53,202 (+113.9%), from €46,710 to €99,911
- Taxes +€9,921
up €9,921 (+169.2%), from €5,862 to €15,783
- Depreciation -€1,597
down €1,597 (-9.6%), from €16,571 to €14,975
- Other operating charges +€1,050
up €1,050 (+69.5%), from €1,511 to €2,560
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 | €253,464 | €302,852 | +€49,388 | +19.5% |
| Fixed assets | 21/28 | €179,357 | €168,538 | -€10,819 | -6.0% |
| Tangible fixed assets | 22/27 | €179,357 | €168,538 | -€10,819 | -6.0% |
| Land and buildings | 22 | €158,124 | €152,566 | -€5,558 | -3.5% |
| Plant, machinery and equipment | 23 | €14,441 | €11,897 | -€2,544 | -17.6% |
| Furniture and vehicles | 24 | €6,793 | €4,076 | -€2,717 | -40.0% |
| Current assets | 29/58 | €74,107 | €134,314 | +€60,207 | +81.2% |
| Stocks and contracts in progress | 3 | €4,490 | €7,990 | +€3,500 | +78.0% |
| Stocks | 30/36 | €4,490 | €7,990 | +€3,500 | +78.0% |
| Amounts receivable within one year | 40/41 | €2,435 | €6,121 | +€3,686 | +151.4% |
| Trade receivables | 40 | €2,435 | €4,624 | +€2,189 | +89.9% |
| Other amounts receivable | 41 | - | €1,497 | +€1,497 | |
| Cash at bank and in hand | 54/58 | €67,182 | €120,203 | +€53,021 | +78.9% |
| Total equity and liabilities | 10/49 | €253,464 | €302,852 | +€49,388 | +19.5% |
| Equity | 10/15 | €201,553 | €236,211 | +€34,658 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,613 | €212,953 | +€40,340 | +23.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €170,753 | €211,093 | +€40,340 | +23.6% |
| Profit (loss) carried forward | 14 | €10,340 | €4,658 | -€5,682 | -55.0% |
| Amounts payable | 17/49 | €51,911 | €66,642 | +€14,730 | +28.4% |
| Amounts payable after more than one year | 17 | €26,466 | €12,944 | -€13,522 | -51.1% |
| Financial debts | 170/4 | €26,466 | €12,944 | -€13,522 | -51.1% |
| Amounts payable within one year | 42/48 | €25,445 | €53,698 | +€28,253 | +111.0% |
| Current portion of amounts payable after more than one year | 42 | €12,927 | €13,522 | +€595 | +4.6% |
| Trade debts | 44 | €4,955 | €5,800 | +€845 | +17.1% |
| Suppliers | 440/4 | €4,955 | €5,800 | +€845 | +17.1% |
| Taxes, remuneration and social security | 45 | €4,060 | €4,375 | +€315 | +7.8% |
| Taxes | 450/3 | €4,060 | €4,375 | +€315 | +7.8% |
| Other amounts payable | 47/48 | €3,503 | €30,000 | +€26,497 | +756.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,571 | €14,975 | -€1,597 | -9.6% |
| Other operating charges | 640/8 | €1,511 | €2,560 | +€1,050 | +69.5% |
| Gross operating margin | 9900 | €46,710 | €99,911 | +€53,202 | +113.9% |
| Operating profit (loss) | 9901 | €28,628 | €82,377 | +€53,749 | +187.7% |
| Financial charges | 65/66B | €2,426 | €1,936 | -€490 | -20.2% |
| Recurring financial charges | 65 | €2,426 | €1,936 | -€490 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €26,202 | €80,441 | +€54,239 | +207.0% |
| Income taxes | 67/77 | €5,862 | €15,783 | +€9,921 | +169.2% |
| Profit (loss) for the period | 9904 | €20,340 | €64,658 | +€44,318 | +217.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,340 | €64,658 | +€44,318 | +217.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.