TRANSPORTS BOULARD: what changed
TRANSPORTS BOULARD
Largest movements
- Receivables within one year -€85,159
down €85,159 (-32.2%), from €264,865 to €179,706
of which Trade receivables: -€85,998
- Cash -€46,790
down €46,790 (-15.3%), from €305,977 to €259,187
mainly Contributions, distributions and other (-€90,000) and Other debts (-€30,006)
- Tangible fixed assets -€24,300
down €24,300 (-36.0%), from €67,422 to €43,122
of which Leasing and similar rights: -€16,901
- Reserves -€90,000
down €90,000 (-26.6%), from €338,311 to €248,311
of which Distributable reserves: -€90,000
- Other debts -€30,006
down €30,006 (-25.0%), from €120,006 to €90,000
- Trade debts -€27,324
down €27,324 (-61.2%), from €44,645 to €17,321
- Tax, wage and social debts +€7,368
up €7,368 (+21.0%), from €35,169 to €42,537
of which Taxes: +€9,536
- Current portion of long-term debt -€6,946
down €6,946 (-17.7%), from €39,199 to €32,253
- Gross operating margin -€162,468
down €162,468 (-30.7%), from €529,813 to €367,346
- Depreciation -€20,026
down €20,026 (-29.0%), from €69,148 to €49,122
- Staff costs -€19,937
down €19,937 (-5.9%), from €337,326 to €317,389
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 | €671,437 | €513,863 | -€157,574 | -23.5% |
| Fixed assets | 21/28 | €68,637 | €43,932 | -€24,705 | -36.0% |
| Tangible fixed assets | 22/27 | €67,422 | €43,122 | -€24,300 | -36.0% |
| Plant, machinery and equipment | 23 | €5,147 | €4,898 | -€250 | -4.9% |
| Furniture and vehicles | 24 | €45,374 | €38,224 | -€7,150 | -15.8% |
| Leasing and similar rights | 25 | €16,901 | - | -€16,901 | |
| Financial fixed assets | 28 | €1,215 | €810 | -€405 | -33.3% |
| Current assets | 29/58 | €602,800 | €469,931 | -€132,869 | -22.0% |
| Stocks and contracts in progress | 3 | €14,629 | €11,066 | -€3,563 | -24.4% |
| Stocks | 30/36 | €14,629 | €11,066 | -€3,563 | -24.4% |
| Amounts receivable within one year | 40/41 | €264,865 | €179,706 | -€85,159 | -32.2% |
| Trade receivables | 40 | €174,749 | €88,750 | -€85,998 | -49.2% |
| Other amounts receivable | 41 | €90,116 | €90,956 | +€839 | +0.9% |
| Cash at bank and in hand | 54/58 | €305,977 | €259,187 | -€46,790 | -15.3% |
| Deferred charges and accrued income | 490/1 | €17,329 | €19,972 | +€2,643 | +15.3% |
| Total equity and liabilities | 10/49 | €671,437 | €513,863 | -€157,574 | -23.5% |
| Equity | 10/15 | €406,528 | €311,616 | -€94,912 | -23.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €338,311 | €248,311 | -€90,000 | -26.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,111 | €66,111 | = | 0.0% |
| Distributable reserves | 133 | €266,000 | €176,000 | -€90,000 | -33.8% |
| Profit (loss) carried forward | 14 | €6,218 | €1,306 | -€4,912 | -79.0% |
| Amounts payable | 17/49 | €264,909 | €202,247 | -€62,662 | -23.7% |
| Amounts payable after more than one year | 17 | €25,774 | €20,082 | -€5,692 | -22.1% |
| Financial debts | 170/4 | €25,774 | €20,082 | -€5,692 | -22.1% |
| Amounts payable within one year | 42/48 | €239,018 | €182,110 | -€56,908 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €39,199 | €32,253 | -€6,946 | -17.7% |
| Trade debts | 44 | €44,645 | €17,321 | -€27,324 | -61.2% |
| Suppliers | 440/4 | €44,645 | €17,321 | -€27,324 | -61.2% |
| Taxes, remuneration and social security | 45 | €35,169 | €42,537 | +€7,368 | +21.0% |
| Taxes | 450/3 | €1,574 | €11,110 | +€9,536 | +606% |
| Remuneration and social security | 454/9 | €33,595 | €31,427 | -€2,168 | -6.5% |
| Other amounts payable | 47/48 | €120,006 | €90,000 | -€30,006 | -25.0% |
| Accrued charges and deferred income | 492/3 | €116 | €54 | -€62 | -53.5% |
| Remuneration, social security and pensions | 62 | €337,326 | €317,389 | -€19,937 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,148 | €49,122 | -€20,026 | -29.0% |
| Other operating charges | 640/8 | €6,031 | €7,643 | +€1,612 | +26.7% |
| Gross operating margin | 9900 | €529,813 | €367,346 | -€162,468 | -30.7% |
| Operating profit (loss) | 9901 | €117,309 | -€6,808 | -€124,117 | |
| Financial income | 75/76B | €4,575 | €4,533 | -€42 | -0.9% |
| Recurring financial income | 75 | €4,575 | €4,533 | -€42 | -0.9% |
| Financial charges | 65/66B | €3,330 | €2,638 | -€693 | -20.8% |
| Recurring financial charges | 65 | €3,330 | €2,638 | -€693 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €118,554 | -€4,912 | -€123,466 | |
| Profit (loss) for the period | 9904 | €118,554 | -€4,912 | -€123,466 | |
| Profit (loss) for the period to be appropriated | 9905 | €118,554 | -€4,912 | -€123,466 |
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.