BOS WAUTERS BÜTTNER: 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.
BOS WAUTERS BÜTTNER
Largest movements
- Intangible fixed assets -€30,774
down €30,774 (-34.7%), from €88,632 to €57,858
- Tangible fixed assets -€12,060
down €12,060 (-24.8%), from €48,686 to €36,626
of which Plant, machinery and equipment: -€10,247
- Cash +€4,431
up €4,431 (+142%), from €3,121 to €7,552
mainly Depreciation (+€42,835) and Trade debts (+€8,943)
- Deferred charges and accrued income -€2,317
down €2,317 (-71.3%), from €3,252 to €935
- Receivables within one year +€1,485
up €1,485 (+297%), from €500 to €1,985
of which Other amounts receivable: +€887
- Debts after one year -€36,314
down €36,314 (-49.0%), from €74,048 to €37,734
- Profit (loss) carried forward -€13,640
down €13,640 (-28.4%), from -€48,111 to -€61,751
- Trade debts +€8,943
up €8,943 (+91.4%), from €9,786 to €18,730
- Accrued charges and deferred income +€2,849
up €2,849 (+770%), from €370 to €3,218
- Current portion of long-term debt -€1,486
down €1,486 (-3.9%), from €37,801 to €36,314
- Gross operating margin -€19,189
down €19,189 (-22.8%), from €84,267 to €65,077
- Staff costs -€9,249
down €9,249 (-25.3%), from €36,546 to €27,297
- Financial charges +€2,088
up €2,088 (+40.7%), from €5,133 to €7,220
- Depreciation +€1,268
up €1,268 (+3.1%), from €41,567 to €42,835
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 | €144,191 | €104,956 | -€39,236 | -27.2% |
| Fixed assets | 21/28 | €137,319 | €94,484 | -€42,835 | -31.2% |
| Intangible fixed assets | 21 | €88,632 | €57,858 | -€30,774 | -34.7% |
| Tangible fixed assets | 22/27 | €48,686 | €36,626 | -€12,060 | -24.8% |
| Plant, machinery and equipment | 23 | €34,012 | €23,765 | -€10,247 | -30.1% |
| Furniture and vehicles | 24 | €14,674 | €12,861 | -€1,813 | -12.4% |
| Current assets | 29/58 | €6,873 | €10,472 | +€3,599 | +52.4% |
| Amounts receivable within one year | 40/41 | €500 | €1,985 | +€1,485 | +297% |
| Trade receivables | 40 | - | €598 | +€598 | |
| Other amounts receivable | 41 | €500 | €1,387 | +€887 | +177% |
| Cash at bank and in hand | 54/58 | €3,121 | €7,552 | +€4,431 | +142% |
| Deferred charges and accrued income | 490/1 | €3,252 | €935 | -€2,317 | -71.3% |
| Total equity and liabilities | 10/49 | €144,191 | €104,956 | -€39,236 | -27.2% |
| Equity | 10/15 | -€28,111 | -€41,751 | -€13,640 | -48.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,111 | -€61,751 | -€13,640 | -28.4% |
| Amounts payable | 17/49 | €172,303 | €146,707 | -€25,595 | -14.9% |
| Amounts payable after more than one year | 17 | €74,048 | €37,734 | -€36,314 | -49.0% |
| Financial debts | 170/4 | €74,048 | €37,734 | -€36,314 | -49.0% |
| Amounts payable within one year | 42/48 | €97,884 | €105,755 | +€7,870 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €37,801 | €36,314 | -€1,486 | -3.9% |
| Trade debts | 44 | €9,786 | €18,730 | +€8,943 | +91.4% |
| Suppliers | 440/4 | €9,786 | €18,730 | +€8,943 | +91.4% |
| Taxes, remuneration and social security | 45 | €3,829 | €4,877 | +€1,048 | +27.4% |
| Remuneration and social security | 454/9 | €3,829 | €4,877 | +€1,048 | +27.4% |
| Other amounts payable | 47/48 | €46,468 | €45,834 | -€634 | -1.4% |
| Accrued charges and deferred income | 492/3 | €370 | €3,218 | +€2,849 | +770% |
| Remuneration, social security and pensions | 62 | €36,546 | €27,297 | -€9,249 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,567 | €42,835 | +€1,268 | +3.1% |
| Other operating charges | 640/8 | €1,037 | €469 | -€568 | -54.8% |
| Non-recurring operating charges | 66A | - | €900 | +€900 | |
| Gross operating margin | 9900 | €84,267 | €65,077 | -€19,189 | -22.8% |
| Operating profit (loss) | 9901 | €5,116 | -€6,423 | -€11,539 | |
| Financial income | 75/76B | €56 | €3 | -€53 | -94.7% |
| Recurring financial income | 75 | €56 | €3 | -€53 | -94.7% |
| Financial charges | 65/66B | €5,133 | €7,220 | +€2,088 | +40.7% |
| Recurring financial charges | 65 | €5,133 | €7,220 | +€2,088 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €40 | -€13,640 | -€13,680 | |
| Profit (loss) for the period | 9904 | €40 | -€13,640 | -€13,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €40 | -€13,640 | -€13,680 |
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 1 November 2026 via checked.be.