B.U. CREATIONS: 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.
B.U. CREATIONS
Largest movements
- Receivables within one year +€30,658
up €30,658 (+21.2%), from €144,309 to €174,966
of which Trade receivables: +€37,633
- Tangible fixed assets +€21,494
up €21,494 (+60.6%), from €35,475 to €56,969
of which Other tangible fixed assets: +€12,967
- Stocks and contracts +€14,336
up €14,336 (+85.4%), from €16,789 to €31,125
- Cash -€6,251
down €6,251 (-12.6%), from €49,791 to €43,541
mainly Investment in fixed assets (net) (-€38,315) and Receivables within one year (-€30,658)
- Deferred charges and accrued income -€3,077
no longer reported in 2025 (was €3,077)
- Trade debts +€37,662
up €37,662 (+49.8%), from €75,586 to €113,248
- Other debts +€28,310
up €28,310 (+3,570%), from €793 to €29,103
- Tax, wage and social debts -€14,216
down €14,216 (-33.7%), from €42,191 to €27,975
of which Taxes: -€14,581
- Reserves +€5,403
up €5,403 (+10.1%), from €53,643 to €59,046
- Gross operating margin +€31,616
up €31,616 (+30.0%), from €105,417 to €137,033
- Taxes +€11,866
up €11,866 (+172%), from €6,899 to €18,764
- Other operating charges -€10,657
down €10,657 (-96.4%), from €11,057 to €400
- Staff costs +€7,978
up €7,978 (+13.7%), from €58,179 to €66,157
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 | €249,441 | €306,601 | +€57,160 | +22.9% |
| Fixed assets | 21/28 | €35,475 | €56,969 | +€21,494 | +60.6% |
| Tangible fixed assets | 22/27 | €35,475 | €56,969 | +€21,494 | +60.6% |
| Plant, machinery and equipment | 23 | €26,806 | €36,656 | +€9,850 | +36.7% |
| Furniture and vehicles | 24 | €1,365 | €42 | -€1,322 | -96.9% |
| Other tangible fixed assets | 26 | €7,304 | €20,271 | +€12,967 | +178% |
| Current assets | 29/58 | €213,966 | €249,632 | +€35,666 | +16.7% |
| Stocks and contracts in progress | 3 | €16,789 | €31,125 | +€14,336 | +85.4% |
| Stocks | 30/36 | €16,789 | €31,125 | +€14,336 | +85.4% |
| Amounts receivable within one year | 40/41 | €144,309 | €174,966 | +€30,658 | +21.2% |
| Trade receivables | 40 | €137,333 | €174,966 | +€37,633 | +27.4% |
| Other amounts receivable | 41 | €6,975 | - | -€6,975 | |
| Cash at bank and in hand | 54/58 | €49,791 | €43,541 | -€6,251 | -12.6% |
| Deferred charges and accrued income | 490/1 | €3,077 | - | -€3,077 | |
| Total equity and liabilities | 10/49 | €249,441 | €306,601 | +€57,160 | +22.9% |
| Equity | 10/15 | €130,871 | €136,275 | +€5,403 | +4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,643 | €59,046 | +€5,403 | +10.1% |
| Distributable reserves | 133 | €53,643 | €59,046 | +€5,403 | +10.1% |
| Profit (loss) carried forward | 14 | €71,029 | €71,029 | = | 0.0% |
| Amounts payable | 17/49 | €118,570 | €170,326 | +€51,756 | +43.7% |
| Amounts payable within one year | 42/48 | €118,570 | €170,326 | +€51,756 | +43.7% |
| Trade debts | 44 | €75,586 | €113,248 | +€37,662 | +49.8% |
| Suppliers | 440/4 | €75,586 | €113,248 | +€37,662 | +49.8% |
| Taxes, remuneration and social security | 45 | €42,191 | €27,975 | -€14,216 | -33.7% |
| Taxes | 450/3 | €27,966 | €13,385 | -€14,581 | -52.1% |
| Remuneration and social security | 454/9 | €14,225 | €14,590 | +€365 | +2.6% |
| Other amounts payable | 47/48 | €793 | €29,103 | +€28,310 | +3,570% |
| Remuneration, social security and pensions | 62 | €58,179 | €66,157 | +€7,978 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,663 | €16,821 | +€158 | +1.0% |
| Other operating charges | 640/8 | €11,057 | €400 | -€10,657 | -96.4% |
| Gross operating margin | 9900 | €105,417 | €137,033 | +€31,616 | +30.0% |
| Operating profit (loss) | 9901 | €19,519 | €53,655 | +€34,136 | +175% |
| Financial income | 75/76B | €0 | €599 | +€599 | +187,238% |
| Recurring financial income | 75 | €0 | €599 | +€599 | +187,238% |
| Financial charges | 65/66B | €858 | €1,002 | +€144 | +16.8% |
| Recurring financial charges | 65 | €858 | €1,002 | +€144 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €18,661 | €53,252 | +€34,591 | +185% |
| Income taxes | 67/77 | €6,899 | €18,764 | +€11,866 | +172% |
| Profit (loss) for the period | 9904 | €11,762 | €34,488 | +€22,726 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €11,762 | €34,488 | +€22,726 | +193% |
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 26 October 2026 via checked.be.