BHUTAN COSTES: what changed
What changed
BHUTAN COSTES
NACE 47.742, Retail sale of prescription glasses, lenses and sunglasses
filed annual accounts (NBB)
Net result for the year
€6,838
2024 · -€13,449+€20,287
Equity
-€51,017
2024 · -€57,855+€6,838
Cash
€474
2024 · €394+€80
Balance sheet total
€367,876
2024 · €359,620+€8,256
Largest movements
Assets
- Receivables within one year +€15,300
up €15,300 (+5.8%), from €264,601 to €279,900
of which Trade receivables: +€15,300
- Tangible fixed assets -€6,620
down €6,620 (-7.0%), from €94,050 to €87,430
of which Land and buildings: -€6,263
Equity and liabilities
- Debts after one year +€10,470
up €10,470 (+2.7%), from €385,207 to €395,677
- Trade debts -€7,125
down €7,125 (-68.5%), from €10,407 to €3,282
- Profit (loss) carried forward +€6,838
up €6,838 (+5.7%), from -€119,855 to -€113,017
Income statement
- Gross operating margin +€14,391
up €14,391 (+265%), from €5,429 to €19,820
- Depreciation -€4,199
down €4,199 (-38.8%), from €10,819 to €6,620
- Other operating charges -€2,857
down €2,857 (-39.2%), from €7,281 to €4,424
- Financial charges +€1,160
up €1,160 (+149%), from €778 to €1,938
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.
Result 2024
-€13,449
Gross operating margin
+€14,391
Depreciation
+€4,199
Other operating charges
+€2,857
Financial charges
-€1,160
Result 2025
€6,838
raises the resultlowers the result
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.
From operations
-€10,389
Investment
€0
Financing
+€10,470
Cash 2024
€394
From operations (derived)
-€10,389
Net result for the year
+€6,838
Depreciation
+€6,620
Receivables within one year
-€15,300
Deferred charges and accrued income
+€504
Trade debts
-€7,125
Tax, wage and social debts
+€1,126
Other debts
-€3,052
Financing
+€10,470
Debts after one year
+€10,470
Cash 2025
€474
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,620 | €367,876 | +€8,256 | +2.3% |
| Fixed assets | 21/28 | €94,122 | €87,502 | -€6,620 | -7.0% |
| Tangible fixed assets | 22/27 | €94,050 | €87,430 | -€6,620 | -7.0% |
| Land and buildings | 22 | €93,329 | €87,065 | -€6,263 | -6.7% |
| Furniture and vehicles | 24 | €721 | €364 | -€357 | -49.5% |
| Financial fixed assets | 28 | €72 | €72 | = | 0.0% |
| Current assets | 29/58 | €265,498 | €280,374 | +€14,876 | +5.6% |
| Amounts receivable within one year | 40/41 | €264,601 | €279,900 | +€15,300 | +5.8% |
| Trade receivables | 40 | €140,752 | €156,052 | +€15,300 | +10.9% |
| Other amounts receivable | 41 | €123,849 | €123,849 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €394 | €474 | +€80 | +20.4% |
| Deferred charges and accrued income | 490/1 | €504 | €0 | -€504 | -100% |
| Total equity and liabilities | 10/49 | €359,620 | €367,876 | +€8,256 | +2.3% |
| Equity | 10/15 | -€57,855 | -€51,017 | +€6,838 | +11.8% |
| 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% |
| Profit (loss) carried forward | 14 | -€119,855 | -€113,017 | +€6,838 | +5.7% |
| Amounts payable | 17/49 | €417,475 | €418,894 | +€1,418 | +0.3% |
| Amounts payable after more than one year | 17 | €385,207 | €395,677 | +€10,470 | +2.7% |
| Financial debts | 170/4 | €385,207 | €395,677 | +€10,470 | +2.7% |
| Amounts payable within one year | 42/48 | €32,268 | €23,217 | -€9,051 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €10,407 | €3,282 | -€7,125 | -68.5% |
| Suppliers | 440/4 | €10,407 | €3,282 | -€7,125 | -68.5% |
| Taxes, remuneration and social security | 45 | €14,224 | €15,350 | +€1,126 | +7.9% |
| Taxes | 450/3 | €14,224 | €15,350 | +€1,126 | +7.9% |
| Other amounts payable | 47/48 | €7,637 | €4,585 | -€3,052 | -40.0% |
| Non-recurring operating income | 76A | €0 | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,819 | €6,620 | -€4,199 | -38.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,281 | €4,424 | -€2,857 | -39.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €5,429 | €19,820 | +€14,391 | +265% |
| Operating profit (loss) | 9901 | -€12,671 | €8,776 | +€21,447 | |
| Financial charges | 65/66B | €778 | €1,938 | +€1,160 | +149% |
| Recurring financial charges | 65 | €778 | €1,938 | +€1,160 | +149% |
| Profit (loss) for the period before taxes | 9903 | -€13,449 | €6,838 | +€20,287 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,449 | €6,838 | +€20,287 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,449 | €6,838 | +€20,287 |
Next steps
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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 3 November 2026 via checked.be.