LE BOULVIN: 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 BOULVIN
Largest movements
- Tangible fixed assets -€1,389
down €1,389 (-3.5%), from €40,222 to €38,833
of which Land and buildings: -€2,204
- Receivables within one year +€1,148
up €1,148 (+16.9%), from €6,790 to €7,938
- Other debts -€1,837
down €1,837 (-21.2%), from €8,669 to €6,832
- Trade debts +€882
up €882 (+61.7%), from €1,430 to €2,312
- Short-term financial debts +€795
up €795 (+7.7%), from €10,386 to €11,181
- Gross operating margin +€1,050
up €1,050 (+23.7%), from €4,424 to €5,474
- Financial charges +€181
up €181 (+12.6%), from €1,444 to €1,626
- Depreciation +€173
up €173 (+7.8%), from €2,204 to €2,376
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 | €61,579 | €61,286 | -€293 | -0.5% |
| Fixed assets | 21/28 | €40,816 | €39,426 | -€1,389 | -3.4% |
| Tangible fixed assets | 22/27 | €40,222 | €38,833 | -€1,389 | -3.5% |
| Land and buildings | 22 | €40,222 | €38,018 | -€2,204 | -5.5% |
| Plant, machinery and equipment | 23 | - | €814 | +€814 | |
| Financial fixed assets | 28 | €593 | €593 | = | 0.0% |
| Current assets | 29/58 | €20,763 | €21,860 | +€1,097 | +5.3% |
| Amounts receivable within one year | 40/41 | €6,790 | €7,938 | +€1,148 | +16.9% |
| Other amounts receivable | 41 | €6,790 | €7,938 | +€1,148 | +16.9% |
| Cash at bank and in hand | 54/58 | €13,973 | €13,922 | -€52 | -0.4% |
| Total equity and liabilities | 10/49 | €61,579 | €61,286 | -€293 | -0.5% |
| Equity | 10/15 | €40,902 | €40,776 | -€127 | -0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,576 | €4,576 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,100 | €1,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,100 | €1,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,476 | €3,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,734 | €17,608 | -€127 | -0.7% |
| Amounts payable | 17/49 | €20,677 | €20,511 | -€166 | -0.8% |
| Amounts payable within one year | 42/48 | €20,677 | €20,511 | -€166 | -0.8% |
| Financial debts | 43 | €10,386 | €11,181 | +€795 | +7.7% |
| Credit institutions | 430/8 | €10,386 | €11,181 | +€795 | +7.7% |
| Trade debts | 44 | €1,430 | €2,312 | +€882 | +61.7% |
| Suppliers | 440/4 | €1,430 | €2,312 | +€882 | +61.7% |
| Taxes, remuneration and social security | 45 | €193 | €186 | -€7 | -3.4% |
| Taxes | 450/3 | €193 | €186 | -€7 | -3.4% |
| Other amounts payable | 47/48 | €8,669 | €6,832 | -€1,837 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,204 | €2,376 | +€173 | +7.8% |
| Other operating charges | 640/8 | €1,659 | €1,618 | -€41 | -2.5% |
| Gross operating margin | 9900 | €4,424 | €5,474 | +€1,050 | +23.7% |
| Operating profit (loss) | 9901 | €561 | €1,479 | +€919 | +164% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €1,444 | €1,626 | +€181 | +12.6% |
| Recurring financial charges | 65 | €1,444 | €1,626 | +€181 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€883 | -€127 | +€757 | +85.7% |
| Profit (loss) for the period | 9904 | -€883 | -€127 | +€757 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€883 | -€127 | +€757 | +85.7% |
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 28 October 2026 via checked.be.