Les Bois du Cerf: what changed
Les Bois du Cerf
Largest movements
- Tangible fixed assets +€22,045
up €22,045 (+2,148%), from €1,026 to €23,071
of which Furniture and vehicles: +€18,889
- Receivables within one year +€3,938
up €3,938 (+61.1%), from €6,443 to €10,381
of which Other amounts receivable: +€1,981
- Cash -€1,595
down €1,595 (-88.5%), from €1,801 to €206
mainly Investment in fixed assets (net) (-€28,200) and Receivables within one year (-€3,938)
- Deferred charges and accrued income +€864
new in 2025: €864
- Financial fixed assets +€800
new in 2025: €800
- Debts after one year +€11,635
new in 2025: €11,635
- Profit (loss) carried forward +€10,245
up €10,245 (+367%), from €2,794 to €13,039
- Current portion of long-term debt +€4,852
new in 2025: €4,852
- Tax, wage and social debts -€2,230
no longer reported in 2025 (was €2,230)
- Other debts +€946
up €946 (+40.1%), from €2,361 to €3,307
- Gross operating margin +€15,808
up €15,808 (+404%), from €3,914 to €19,723
- Depreciation +€5,251
up €5,251 (+5,035%), from €104 to €5,355
- Taxes +€2,502
up €2,502 (+278%), from €901 to €3,403
- Financial charges +€473
up €473 (+411%), from €115 to €588
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,270 | €35,323 | +€26,052 | +281% |
| Fixed assets | 21/28 | €1,026 | €23,871 | +€22,845 | +2,226% |
| Tangible fixed assets | 22/27 | €1,026 | €23,071 | +€22,045 | +2,148% |
| Furniture and vehicles | 24 | €1,026 | €19,915 | +€18,889 | +1,840% |
| Other tangible fixed assets | 26 | - | €3,156 | +€3,156 | |
| Financial fixed assets | 28 | - | €800 | +€800 | |
| Current assets | 29/58 | €8,244 | €11,451 | +€3,208 | +38.9% |
| Amounts receivable within one year | 40/41 | €6,443 | €10,381 | +€3,938 | +61.1% |
| Trade receivables | 40 | €6,443 | €8,400 | +€1,957 | +30.4% |
| Other amounts receivable | 41 | - | €1,981 | +€1,981 | |
| Cash at bank and in hand | 54/58 | €1,801 | €206 | -€1,595 | -88.5% |
| Deferred charges and accrued income | 490/1 | - | €864 | +€864 | |
| Total equity and liabilities | 10/49 | €9,270 | €35,323 | +€26,052 | +281% |
| Equity | 10/15 | €4,594 | €14,839 | +€10,245 | +223% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,794 | €13,039 | +€10,245 | +367% |
| Amounts payable | 17/49 | €4,676 | €20,483 | +€15,807 | +338% |
| Amounts payable after more than one year | 17 | - | €11,635 | +€11,635 | |
| Financial debts | 170/4 | - | €11,635 | +€11,635 | |
| Amounts payable within one year | 42/48 | €4,676 | €8,849 | +€4,172 | +89.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,852 | +€4,852 | |
| Trade debts | 44 | €85 | €690 | +€605 | +711% |
| Suppliers | 440/4 | €85 | €690 | +€605 | +711% |
| Taxes, remuneration and social security | 45 | €2,230 | - | -€2,230 | |
| Taxes | 450/3 | €2,230 | - | -€2,230 | |
| Other amounts payable | 47/48 | €2,361 | €3,307 | +€946 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104 | €5,355 | +€5,251 | +5,035% |
| Other operating charges | 640/8 | - | €131 | +€131 | |
| Gross operating margin | 9900 | €3,914 | €19,723 | +€15,808 | +404% |
| Operating profit (loss) | 9901 | €3,810 | €14,236 | +€10,426 | +274% |
| Financial charges | 65/66B | €115 | €588 | +€473 | +411% |
| Recurring financial charges | 65 | €115 | €588 | +€473 | +411% |
| Profit (loss) for the period before taxes | 9903 | €3,695 | €13,649 | +€9,953 | +269% |
| Income taxes | 67/77 | €901 | €3,403 | +€2,502 | +278% |
| Profit (loss) for the period | 9904 | €2,794 | €10,245 | +€7,451 | +267% |
| Profit (loss) for the period to be appropriated | 9905 | €2,794 | €10,245 | +€7,451 | +267% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.