Le Boudec: 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 Boudec
Largest movements
- Cash -€72,065
down €72,065 (-58.4%), from €123,334 to €51,269
mainly Contributions, distributions and other (-€198,986) and Receivables within one year (-€1,642)
- Receivables within one year +€1,642
up €1,642 (+14.6%), from €11,278 to €12,919
of which Trade receivables: +€1,452
- Reserves -€134,662
down €134,662 (-100.0%), from €134,662 to €0
- Other debts +€63,337
up €63,337 (+6416.7%), from €987 to €64,324
- Gross operating margin +€31,194
up €31,194 (+60.7%), from €51,352 to €82,546
- Taxes +€5,739
up €5,739 (+51.5%), from €11,143 to €16,882
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 | €139,858 | €66,990 | -€72,867 | -52.1% |
| Fixed assets | 21/28 | €3,620 | €2,551 | -€1,069 | -29.5% |
| Tangible fixed assets | 22/27 | €3,120 | €2,051 | -€1,069 | -34.3% |
| Plant, machinery and equipment | 23 | €1,701 | €962 | -€739 | -43.4% |
| Furniture and vehicles | 24 | €1,418 | €1,089 | -€330 | -23.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €136,238 | €64,439 | -€71,799 | -52.7% |
| Amounts receivable within one year | 40/41 | €11,278 | €12,919 | +€1,642 | +14.6% |
| Trade receivables | 40 | €11,132 | €12,584 | +€1,452 | +13.0% |
| Other amounts receivable | 41 | €146 | €335 | +€190 | +130.3% |
| Cash at bank and in hand | 54/58 | €123,334 | €51,269 | -€72,065 | -58.4% |
| Deferred charges and accrued income | 490/1 | €1,627 | €252 | -€1,375 | -84.5% |
| Total equity and liabilities | 10/49 | €139,858 | €66,990 | -€72,867 | -52.1% |
| Equity | 10/15 | €134,762 | €100 | -€134,662 | -99.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €134,662 | €0 | -€134,662 | -100.0% |
| Distributable reserves | 133 | €134,662 | €0 | -€134,662 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,096 | €66,890 | +€61,795 | +1212.7% |
| Amounts payable within one year | 42/48 | €4,367 | €66,874 | +€62,507 | +1431.3% |
| Trade debts | 44 | €1,221 | €404 | -€817 | -66.9% |
| Suppliers | 440/4 | €1,221 | €404 | -€817 | -66.9% |
| Taxes, remuneration and social security | 45 | €2,159 | €2,146 | -€13 | -0.6% |
| Taxes | 450/3 | €2,159 | €2,146 | -€13 | -0.6% |
| Other amounts payable | 47/48 | €987 | €64,324 | +€63,337 | +6416.7% |
| Accrued charges and deferred income | 492/3 | €729 | €16 | -€712 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €746 | €1,069 | +€323 | +43.3% |
| Other operating charges | 640/8 | €636 | €654 | +€19 | +2.9% |
| Gross operating margin | 9900 | €51,352 | €82,546 | +€31,194 | +60.7% |
| Operating profit (loss) | 9901 | €49,971 | €80,823 | +€30,852 | +61.7% |
| Financial income | 75/76B | €962 | €540 | -€421 | -43.8% |
| Recurring financial income | 75 | €962 | €540 | -€421 | -43.8% |
| Financial charges | 65/66B | €125 | €157 | +€32 | +25.5% |
| Recurring financial charges | 65 | €125 | €157 | +€32 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €50,807 | €81,206 | +€30,399 | +59.8% |
| Income taxes | 67/77 | €11,143 | €16,882 | +€5,739 | +51.5% |
| Profit (loss) for the period | 9904 | €39,665 | €64,324 | +€24,660 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,665 | €64,324 | +€24,660 | +62.2% |
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 12 October 2026 via checked.be.