Les Bourgeons: 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.
Les Bourgeons
Largest movements
- Receivables within one year +€304,403
up €304,403 (+92.5%), from €328,988 to €633,391
of which Other amounts receivable: +€304,403
- Cash +€44,911
up €44,911 (+6.2%), from €726,358 to €771,269
mainly Accrued charges and deferred income (+€294,743) and Debts within one year (+€72,032)
- Tangible fixed assets -€15,604
down €15,604 (-24.8%), from €62,829 to €47,225
of which Other tangible fixed assets: -€41,854
- Accrued charges and deferred income +€294,743
up €294,743 (+4,840%), from €6,090 to €300,833
- Debts within one year +€72,032
up €72,032 (+8.7%), from €827,308 to €899,340
- Profit (loss) carried forward -€21,309
down €21,309 (-4.0%), from -€534,077 to -€555,386
- Purchases and services -€215,091
no longer reported in 2025 (was €215,091)
- Other operating charges -€89,790
down €89,790 (-90.5%), from €99,181 to €9,391
- Staff costs +€44,954
up €44,954 (+2.8%), from €1.6m to €1.6m
- Gross operating margin -€24,281
down €24,281 (-1.5%), from €1.7m to €1.6m
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 | €1,127,090 | €1,468,660 | +€341,570 | +30.3% |
| Fixed assets | 21/28 | €62,829 | €47,225 | -€15,604 | -24.8% |
| Tangible fixed assets | 22/27 | €62,829 | €47,225 | -€15,604 | -24.8% |
| Plant, machinery and equipment | 23 | - | €34,030 | +€34,030 | |
| Furniture and vehicles | 24 | €20,976 | €13,195 | -€7,781 | -37.1% |
| Other tangible fixed assets | 26 | €41,854 | - | -€41,854 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,064,261 | €1,421,435 | +€357,174 | +33.6% |
| Amounts receivable within one year | 40/41 | €328,988 | €633,391 | +€304,403 | +92.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €328,988 | €633,391 | +€304,403 | +92.5% |
| Cash at bank and in hand | 54/58 | €726,358 | €771,269 | +€44,911 | +6.2% |
| Deferred charges and accrued income | 490/1 | €8,914 | €16,775 | +€7,861 | +88.2% |
| Total equity and liabilities | 10/49 | €1,127,090 | €1,468,660 | +€341,570 | +30.3% |
| Equity | 10/15 | -€534,077 | -€555,386 | -€21,309 | -4.0% |
| Profit (loss) carried forward | 14 | -€534,077 | -€555,386 | -€21,309 | -4.0% |
| Provisions and deferred taxes | 16 | €821,522 | €821,522 | +€0 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €821,522 | €821,522 | +€0 | 0.0% |
| Other liabilities and charges | 164/5 | €821,522 | €821,522 | +€0 | 0.0% |
| Amounts payable | 17/49 | €839,646 | €1,202,524 | +€362,878 | +43.2% |
| Amounts payable after more than one year | 17 | €6,248 | €2,351 | -€3,897 | -62.4% |
| Financial debts | 170/4 | €6,248 | €2,351 | -€3,897 | -62.4% |
| Amounts payable within one year | 42/48 | €827,308 | €899,340 | +€72,032 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €3,732 | €3,896 | +€164 | +4.4% |
| Trade debts | 44 | €7,038 | €12,301 | +€5,263 | +74.8% |
| Suppliers | 440/4 | €7,038 | €12,301 | +€5,263 | +74.8% |
| Taxes, remuneration and social security | 45 | €207,901 | €240,720 | +€32,819 | +15.8% |
| Taxes | 450/3 | €34,268 | €34,293 | +€25 | +0.1% |
| Remuneration and social security | 454/9 | €173,633 | €206,427 | +€32,794 | +18.9% |
| Accrued charges and deferred income | 492/3 | €6,090 | €300,833 | +€294,743 | +4,840% |
| Goods, raw materials, services and sundry goods | 60/61 | €215,091 | - | -€215,091 | |
| Remuneration, social security and pensions | 62 | €1,595,493 | €1,640,447 | +€44,954 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,380 | €15,605 | -€4,775 | -23.4% |
| Other operating charges | 640/8 | €99,181 | €9,391 | -€89,790 | -90.5% |
| Non-recurring operating charges | 66A | €1,069 | €48 | -€1,021 | -95.5% |
| Gross operating margin | 9900 | €1,666,545 | €1,642,264 | -€24,281 | -1.5% |
| Operating profit (loss) | 9901 | -€49,578 | -€23,227 | +€26,351 | +53.2% |
| Financial income | 75/76B | €1,220 | €2,597 | +€1,377 | +113% |
| Recurring financial income | 75 | €1,220 | €2,597 | +€1,377 | +113% |
| Financial charges | 65/66B | €788 | €679 | -€109 | -13.9% |
| Recurring financial charges | 65 | €788 | €679 | -€109 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€49,146 | -€21,309 | +€27,837 | +56.6% |
| Profit (loss) for the period | 9904 | -€49,146 | -€21,309 | +€27,837 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,146 | -€21,309 | +€27,837 | +56.6% |
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 23 October 2026 via checked.be.