BM BUTCHER: 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.
BM BUTCHER
Largest movements
- Receivables within one year -€12,387
down €12,387 (-18.6%), from €66,762 to €54,376
of which Trade receivables: -€36,275
- Cash +€2,175
up €2,175 (+2,660%), from €82 to €2,257
mainly Net result for the year (+€15,826) and Receivables within one year (+€12,387)
- Trade debts -€21,639
down €21,639 (-94.6%), from €22,867 to €1,228
- Profit (loss) carried forward +€15,826
up €15,826 (+85.0%), from €18,622 to €34,449
- Debts after one year -€7,159
down €7,159 (-36.4%), from €19,675 to €12,516
- Tax, wage and social debts +€5,412
new in 2025: €5,412
- Accrued charges and deferred income -€2,050
no longer reported in 2025 (was €2,050)
- Purchases and services +€175,959
up €175,959 (+187%), from €94,273 to €270,233
- Turnover +€166,130
up €166,130 (+147%), from €113,269 to €279,399
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 | €68,214 | €58,605 | -€9,609 | -14.1% |
| Current assets | 29/58 | €68,214 | €58,605 | -€9,609 | -14.1% |
| Stocks and contracts in progress | 3 | €1,370 | €1,972 | +€602 | +43.9% |
| Stocks | 30/36 | €1,370 | €1,972 | +€602 | +43.9% |
| Amounts receivable within one year | 40/41 | €66,762 | €54,376 | -€12,387 | -18.6% |
| Trade receivables | 40 | €41,564 | €5,289 | -€36,275 | -87.3% |
| Other amounts receivable | 41 | €25,198 | €49,086 | +€23,888 | +94.8% |
| Cash at bank and in hand | 54/58 | €82 | €2,257 | +€2,175 | +2,660% |
| Total equity and liabilities | 10/49 | €68,214 | €58,605 | -€9,609 | -14.1% |
| Equity | 10/15 | €23,622 | €39,449 | +€15,826 | +67.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,622 | €34,449 | +€15,826 | +85.0% |
| Amounts payable | 17/49 | €44,592 | €19,156 | -€25,435 | -57.0% |
| Amounts payable after more than one year | 17 | €19,675 | €12,516 | -€7,159 | -36.4% |
| Financial debts | 170/4 | €19,675 | €12,516 | -€7,159 | -36.4% |
| Amounts payable within one year | 42/48 | €22,867 | €6,640 | -€16,227 | -71.0% |
| Trade debts | 44 | €22,867 | €1,228 | -€21,639 | -94.6% |
| Suppliers | 440/4 | €22,867 | €1,228 | -€21,639 | -94.6% |
| Taxes, remuneration and social security | 45 | - | €5,412 | +€5,412 | |
| Taxes | 450/3 | - | €5,412 | +€5,412 | |
| Accrued charges and deferred income | 492/3 | €2,050 | - | -€2,050 | |
| Turnover | 70 | €113,269 | €279,399 | +€166,130 | +147% |
| Non-recurring operating income | 76A | - | €7,667 | +€7,667 | |
| Goods, raw materials, services and sundry goods | 60/61 | €94,273 | €270,233 | +€175,959 | +187% |
| Other operating charges | 640/8 | €484 | €488 | +€4 | +0.9% |
| Gross operating margin | 9900 | €18,996 | €16,834 | -€2,162 | -11.4% |
| Operating profit (loss) | 9901 | €18,512 | €16,345 | -€2,167 | -11.7% |
| Financial income | 75/76B | €1,067 | €1,320 | +€253 | +23.7% |
| Recurring financial income | 75 | €1,067 | €1,320 | +€253 | +23.7% |
| Financial charges | 65/66B | €957 | €1,839 | +€882 | +92.2% |
| Recurring financial charges | 65 | €957 | €1,839 | +€882 | +92.2% |
| Profit (loss) for the period before taxes | 9903 | €18,622 | €15,826 | -€2,796 | -15.0% |
| Profit (loss) for the period | 9904 | €18,622 | €15,826 | -€2,796 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,622 | €15,826 | -€2,796 | -15.0% |
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 13 October 2026 via checked.be.