BOUTECH: what changed
What changed
BOUTECH
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
-€17,857
2025 · -€6,650-€11,207
Equity
€2.3m
2025 · €2.3m-€17,857
Cash
€631,384
2025 · €353,688+€277,696
Balance sheet total
€2.8m
2025 · €2.7m+€39,482
Largest movements
Assets
- Stocks and contracts -€342,822
down €342,822 (-41.7%), from €822,219 to €479,398
- Cash +€277,696
up €277,696 (+78.5%), from €353,688 to €631,384
mainly Stocks and contracts (+€342,822) and Tax, wage and social debts (+€83,507)
- Receivables within one year +€73,782
up €73,782 (+19.8%), from €372,724 to €446,506
of which Trade receivables: +€146,506
- Tangible fixed assets +€36,586
up €36,586 (+3.3%), from €1.1m to €1.1m
of which Land and buildings: +€19,940
Equity and liabilities
- Tax, wage and social debts +€83,507
up €83,507 (+340%), from €24,534 to €108,041
Income statement
- Goods and materials +€342,822
new in 2026: €342,822
- Turnover +€337,513
up €337,513 (+169%), from €199,500 to €537,013
- Financial charges -€34,454
down €34,454 (-65.3%), from €52,758 to €18,304
- Financial income -€30,379
down €30,379 (-68.7%), from €44,215 to €13,836
- Taxes +€9,178
up €9,178 (+285%), from €3,222 to €12,399
of which Taxes: +€9,178
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€6,650
Turnover
+€337,513
Other operating income
-€3,336
Goods and materials
-€342,822
Services and other goods
-€3,908
Depreciation
-€4,307
Other operating charges
+€1,075
Financial income
-€30,379
Financial charges
+€34,454
Taxes
-€9,178
Deferred taxes and other
+€9,681
Result 2026
-€17,857
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€378,137
Investment
-€100,441
Financing
€0
Cash 2025
€353,688
From operations (derived)
+€378,137
Net result for the year
-€17,857
Depreciation
+€63,855
Stocks and contracts
+€342,822
Receivables within one year
-€73,782
Deferred charges and accrued income
+€5,760
Provisions
-€10,901
Trade debts
+€8,890
Tax, wage and social debts
+€83,507
Other debts
-€24,158
Accrued charges and deferred income
+€1
Investment (derived)
-€100,441
Investment in fixed assets (net)
-€100,441
Cash 2026
€631,384
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,732,775 | €2,772,258 | +€39,482 | +1.4% |
| Fixed assets | 21/28 | €1,151,233 | €1,187,819 | +€36,586 | +3.2% |
| Tangible fixed assets | 22/27 | €1,101,233 | €1,137,819 | +€36,586 | +3.3% |
| Land and buildings | 22 | €861,645 | €881,585 | +€19,940 | +2.3% |
| Plant, machinery and equipment | 23 | €10,734 | €22,194 | +€11,460 | +107% |
| Furniture and vehicles | 24 | €25,634 | €30,820 | +€5,186 | +20.2% |
| Other tangible fixed assets | 26 | €203,220 | €203,220 | = | 0.0% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €50,000 | €50,000 | = | 0.0% |
| Shares | 284 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €1,581,542 | €1,584,438 | +€2,896 | +0.2% |
| Stocks and contracts in progress | 3 | €822,219 | €479,398 | -€342,822 | -41.7% |
| Stocks | 30/36 | €822,219 | €479,398 | -€342,822 | -41.7% |
| Goods purchased for resale | 34 | €822,219 | €479,398 | -€342,822 | -41.7% |
| Amounts receivable within one year | 40/41 | €372,724 | €446,506 | +€73,782 | +19.8% |
| Trade receivables | 40 | - | €146,506 | +€146,506 | |
| Other amounts receivable | 41 | €372,724 | €300,000 | -€72,724 | -19.5% |
| Cash at bank and in hand | 54/58 | €353,688 | €631,384 | +€277,696 | +78.5% |
| Deferred charges and accrued income | 490/1 | €32,910 | €27,151 | -€5,760 | -17.5% |
| Total equity and liabilities | 10/49 | €2,732,775 | €2,772,258 | +€39,482 | +1.4% |
| Equity | 10/15 | €2,313,626 | €2,295,770 | -€17,857 | -0.8% |
| Contributions | 10/11 | €123,700 | €123,700 | = | 0.0% |
| Reserves | 13 | €2,189,926 | €2,172,070 | -€17,857 | -0.8% |
| Tax-exempt reserves | 132 | €51,453 | €18,750 | -€32,703 | -63.6% |
| Distributable reserves | 133 | €2,138,473 | €2,153,320 | +€14,847 | +0.7% |
| Provisions and deferred taxes | 16 | €10,901 | - | -€10,901 | |
| Deferred taxes | 168 | €10,901 | - | -€10,901 | |
| Amounts payable | 17/49 | €408,248 | €476,488 | +€68,240 | +16.7% |
| Amounts payable within one year | 42/48 | €406,487 | €474,726 | +€68,239 | +16.8% |
| Trade debts | 44 | €2,394 | €11,284 | +€8,890 | +371% |
| Suppliers | 440/4 | €2,394 | €11,284 | +€8,890 | +371% |
| Taxes, remuneration and social security | 45 | €24,534 | €108,041 | +€83,507 | +340% |
| Taxes | 450/3 | €24,534 | €108,041 | +€83,507 | +340% |
| Other amounts payable | 47/48 | €379,559 | €355,401 | -€24,158 | -6.4% |
| Accrued charges and deferred income | 492/3 | €1,761 | €1,762 | +€1 | +0.1% |
| Operating income | 70/76A | €230,765 | €564,942 | +€334,177 | +145% |
| Turnover | 70 | €199,500 | €537,013 | +€337,513 | +169% |
| Other operating income | 74 | €31,265 | €27,929 | -€3,336 | -10.7% |
| Operating charges | 60/66A | €226,870 | €576,832 | +€349,962 | +154% |
| Goods for resale, raw materials and consumables | 60 | - | €342,822 | +€342,822 | |
| Change in stocks: decrease (increase) | 609 | - | €342,822 | +€342,822 | |
| Services and other goods | 61 | €155,791 | €159,699 | +€3,908 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,548 | €63,855 | +€4,307 | +7.2% |
| Other operating charges | 640/8 | €11,531 | €10,456 | -€1,075 | -9.3% |
| Operating profit (loss) | 9901 | €3,895 | -€11,889 | -€15,785 | |
| Financial income | 75/76B | €44,215 | €13,836 | -€30,379 | -68.7% |
| Recurring financial income | 75 | €44,215 | €13,836 | -€30,379 | -68.7% |
| Income from current assets | 751 | €44,205 | €13,836 | -€30,369 | -68.7% |
| Other financial income | 752/9 | €10 | - | -€10 | |
| Financial charges | 65/66B | €52,758 | €18,304 | -€34,454 | -65.3% |
| Recurring financial charges | 65 | €52,758 | €18,304 | -€34,454 | -65.3% |
| Debt charges | 650 | €51,680 | €17,169 | -€34,511 | -66.8% |
| Other financial charges | 652/9 | €1,078 | €1,135 | +€57 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,648 | -€16,358 | -€11,710 | -252% |
| Transfer from deferred taxes | 780 | €1,220 | €10,901 | +€9,681 | +794% |
| Income taxes | 67/77 | €3,222 | €12,399 | +€9,178 | +285% |
| Taxes | 670/3 | €3,222 | €12,400 | +€9,178 | +285% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€6,650 | -€17,857 | -€11,207 | -169% |
| Transfer from tax-exempt reserves | 789 | €3,660 | €32,703 | +€29,043 | +794% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,990 | €14,847 | +€17,837 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.