LES BOURGEOISES: what changed
Two fiscal 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.
LES BOURGEOISES
Largest movements
- Receivables after one year +€567,640
up €567,640 (+61.6%), from €920,930 to €1.5m
- Receivables within one year -€275,670
down €275,670 (-18.2%), from €1.5m to €1.2m
of which Other amounts receivable: -€263,832
- Cash -€66,069
down €66,069 (-12.8%), from €514,322 to €448,253
mainly Receivables after one year (-€567,640) and Current portion of long-term debt (-€117,096)
- Stocks and contracts +€64,943
up €64,943 (+91.0%), from €71,360 to €136,303
- Profit (loss) carried forward +€355,159
up €355,159 (+16.0%), from €2.2m to €2.6m
- Current portion of long-term debt -€117,096
down €117,096 (-100.0%), from €117,096 to €0
- Trade debts +€48,132
up €48,132 (+44.8%), from €107,336 to €155,468
- Gross operating margin +€80,736
up €80,736 (+9.1%), from €891,721 to €972,457
- Financial charges -€42,567
down €42,567 (-68.4%), from €62,247 to €19,679
- Taxes +€24,682
up €24,682 (+24.8%), from €99,597 to €124,279
- Staff costs +€20,062
up €20,062 (+4.7%), from €426,653 to €446,715
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,581,567 | €3,871,484 | +€289,917 | +8.1% |
| Fixed assets | 21/28 | €444,314 | €449,368 | +€5,054 | +1.1% |
| Tangible fixed assets | 22/27 | €80,769 | €85,823 | +€5,054 | +6.3% |
| Plant, machinery and equipment | 23 | €10,888 | €7,840 | -€3,048 | -28.0% |
| Furniture and vehicles | 24 | €16,269 | €31,548 | +€15,279 | +93.9% |
| Other tangible fixed assets | 26 | €53,612 | €46,435 | -€7,177 | -13.4% |
| Financial fixed assets | 28 | €363,545 | €363,545 | = | 0.0% |
| Current assets | 29/58 | €3,137,253 | €3,422,116 | +€284,863 | +9.1% |
| Amounts receivable after more than one year | 29 | €920,930 | €1,488,570 | +€567,640 | +61.6% |
| Other amounts receivable | 291 | €920,930 | €1,488,570 | +€567,640 | +61.6% |
| Stocks and contracts in progress | 3 | €71,360 | €136,303 | +€64,943 | +91.0% |
| Stocks | 30/36 | €71,360 | €136,303 | +€64,943 | +91.0% |
| Amounts receivable within one year | 40/41 | €1,512,344 | €1,236,674 | -€275,670 | -18.2% |
| Trade receivables | 40 | €41,661 | €29,823 | -€11,838 | -28.4% |
| Other amounts receivable | 41 | €1,470,683 | €1,206,851 | -€263,832 | -17.9% |
| Cash at bank and in hand | 54/58 | €514,322 | €448,253 | -€66,069 | -12.8% |
| Deferred charges and accrued income | 490/1 | €118,297 | €112,316 | -€5,980 | -5.1% |
| Total equity and liabilities | 10/49 | €3,581,567 | €3,871,484 | +€289,917 | +8.1% |
| Equity | 10/15 | €3,184,015 | €3,539,175 | +€355,159 | +11.2% |
| Contributions | 10/11 | €920,000 | €920,000 | = | 0.0% |
| Capital | 10 | €920,000 | €920,000 | = | 0.0% |
| Issued capital | 100 | €920,000 | €920,000 | = | 0.0% |
| Reserves | 13 | €41,607 | €41,607 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,607 | €41,607 | = | 0.0% |
| Legal reserve | 130 | €41,607 | €41,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,222,408 | €2,577,568 | +€355,159 | +16.0% |
| Amounts payable | 17/49 | €397,552 | €332,310 | -€65,242 | -16.4% |
| Amounts payable within one year | 42/48 | €388,453 | €323,210 | -€65,242 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €117,096 | €0 | -€117,096 | -100.0% |
| Trade debts | 44 | €107,336 | €155,468 | +€48,132 | +44.8% |
| Suppliers | 440/4 | €107,336 | €155,468 | +€48,132 | +44.8% |
| Taxes, remuneration and social security | 45 | €94,020 | €97,742 | +€3,722 | +4.0% |
| Taxes | 450/3 | €27,764 | €24,402 | -€3,361 | -12.1% |
| Remuneration and social security | 454/9 | €66,256 | €73,340 | +€7,084 | +10.7% |
| Other amounts payable | 47/48 | €70,000 | €70,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,099 | €9,099 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,853 | +€3,853 | |
| Remuneration, social security and pensions | 62 | €426,653 | €446,715 | +€20,062 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,108 | €31,270 | -€6,838 | -17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €701 | €6,610 | +€5,909 | +843.4% |
| Other operating charges | 640/8 | €3,646 | €3,796 | +€150 | +4.1% |
| Gross operating margin | 9900 | €891,721 | €972,457 | +€80,736 | +9.1% |
| Operating profit (loss) | 9901 | €422,613 | €484,066 | +€61,453 | +14.5% |
| Financial income | 75/76B | €88,887 | €85,052 | -€3,835 | -4.3% |
| Recurring financial income | 75 | €88,887 | €85,052 | -€3,835 | -4.3% |
| Financial charges | 65/66B | €62,247 | €19,679 | -€42,567 | -68.4% |
| Recurring financial charges | 65 | €62,247 | €19,679 | -€42,567 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €449,253 | €549,438 | +€100,185 | +22.3% |
| Income taxes | 67/77 | €99,597 | €124,279 | +€24,682 | +24.8% |
| Profit (loss) for the period | 9904 | €349,656 | €425,159 | +€75,504 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €349,656 | €425,159 | +€75,504 | +21.6% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.