BOU9: 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.
BOU9
Largest movements
- Current investments +€30,000
up €30,000 (+60.0%), from €50,000 to €80,000
- Cash -€21,327
down €21,327 (-68.4%), from €31,165 to €9,838
mainly Contributions, distributions and other (-€34,083) and Current investments (-€30,000)
- Tangible fixed assets -€13,327
down €13,327 (-25.0%), from €53,344 to €40,017
of which Furniture and vehicles: -€13,005
- Receivables within one year +€3,333
up €3,333 (+12.7%), from €26,178 to €29,511
of which Trade receivables: +€3,257
- Deferred charges and accrued income -€2,066
down €2,066 (-65.0%), from €3,177 to €1,111
- Other debts +€22,531
up €22,531 (+195.1%), from €11,551 to €34,083
- Debts after one year -€16,798
down €16,798 (-56.2%), from €29,888 to €13,090
- Tax, wage and social debts -€7,796
down €7,796 (-63.5%), from €12,267 to €4,471
- Trade debts -€2,043
down €2,043 (-57.0%), from €3,588 to €1,544
- Gross operating margin +€28,195
up €28,195 (+89.5%), from €31,516 to €59,711
- Taxes +€5,569
up €5,569 (+151.5%), from €3,676 to €9,245
- Financial income -€1,358
down €1,358 (-60.9%), from €2,232 to €873
- Financial charges -€794
down €794 (-30.4%), from €2,609 to €1,815
- Depreciation -€663
down €663 (-4.3%), from €15,259 to €14,595
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.
Cash bridge derived
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 | €163,865 | €160,477 | -€3,388 | -2.1% |
| Fixed assets | 21/28 | €53,344 | €40,017 | -€13,327 | -25.0% |
| Tangible fixed assets | 22/27 | €53,344 | €40,017 | -€13,327 | -25.0% |
| Plant, machinery and equipment | 23 | €1,202 | €880 | -€322 | -26.8% |
| Furniture and vehicles | 24 | €52,142 | €39,137 | -€13,005 | -24.9% |
| Current assets | 29/58 | €110,521 | €120,460 | +€9,939 | +9.0% |
| Amounts receivable within one year | 40/41 | €26,178 | €29,511 | +€3,333 | +12.7% |
| Trade receivables | 40 | €20,239 | €23,495 | +€3,257 | +16.1% |
| Other amounts receivable | 41 | €5,940 | €6,016 | +€76 | +1.3% |
| Current investments | 50/53 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €31,165 | €9,838 | -€21,327 | -68.4% |
| Deferred charges and accrued income | 490/1 | €3,177 | €1,111 | -€2,066 | -65.0% |
| Total equity and liabilities | 10/49 | €163,865 | €160,477 | -€3,388 | -2.1% |
| Equity | 10/15 | €90,491 | €90,491 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €87,491 | €87,491 | = | 0.0% |
| Distributable reserves | 133 | €87,491 | €87,491 | = | 0.0% |
| Amounts payable | 17/49 | €73,374 | €69,986 | -€3,388 | -4.6% |
| Amounts payable after more than one year | 17 | €29,888 | €13,090 | -€16,798 | -56.2% |
| Financial debts | 170/4 | €29,888 | €13,090 | -€16,798 | -56.2% |
| Amounts payable within one year | 42/48 | €43,486 | €56,896 | +€13,411 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €16,080 | €16,798 | +€719 | +4.5% |
| Trade debts | 44 | €3,588 | €1,544 | -€2,043 | -57.0% |
| Suppliers | 440/4 | €3,588 | €1,544 | -€2,043 | -57.0% |
| Taxes, remuneration and social security | 45 | €12,267 | €4,471 | -€7,796 | -63.5% |
| Taxes | 450/3 | €12,267 | €4,471 | -€7,796 | -63.5% |
| Other amounts payable | 47/48 | €11,551 | €34,083 | +€22,531 | +195.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,259 | €14,595 | -€663 | -4.3% |
| Other operating charges | 640/8 | €653 | €846 | +€193 | +29.6% |
| Gross operating margin | 9900 | €31,516 | €59,711 | +€28,195 | +89.5% |
| Operating profit (loss) | 9901 | €15,605 | €44,270 | +€28,665 | +183.7% |
| Financial income | 75/76B | €2,232 | €873 | -€1,358 | -60.9% |
| Recurring financial income | 75 | €2,232 | €873 | -€1,358 | -60.9% |
| Financial charges | 65/66B | €2,609 | €1,815 | -€794 | -30.4% |
| Recurring financial charges | 65 | €2,609 | €1,815 | -€794 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €15,227 | €43,328 | +€28,100 | +184.5% |
| Income taxes | 67/77 | €3,676 | €9,245 | +€5,569 | +151.5% |
| Profit (loss) for the period | 9904 | €11,551 | €34,083 | +€22,531 | +195.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,551 | €34,083 | +€22,531 | +195.1% |
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 11 October 2026 via checked.be.