BUCÉPHALE VENTURE: what changed
Two fiscal 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.
BUCÉPHALE VENTURE
Largest movements
- Cash -€23,704
down €23,704 (-72.8%), from €32,574 to €8,871
mainly Net result for the year (-€25,888) and Investment in fixed assets (net) (-€631)
- Profit (loss) carried forward -€25,888
down €25,888 (-13.8%), from -€187,906 to -€213,794
- Other debts +€1,916
up €1,916 (+3.0%), from €63,927 to €65,843
- Depreciation -€627
down €627 (-72.9%), from €860 to €233
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 | €126,355 | €102,421 | -€23,934 | -18.9% |
| Fixed assets | 21/28 | €432 | €830 | +€398 | +92.0% |
| Tangible fixed assets | 22/27 | €432 | €830 | +€398 | +92.0% |
| Furniture and vehicles | 24 | €432 | €830 | +€398 | +92.0% |
| Current assets | 29/58 | €125,922 | €101,591 | -€24,332 | -19.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €92,720 | €92,720 | = | 0.0% |
| Stocks | 30/36 | €92,720 | €92,720 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €628 | €0 | -€628 | -100.0% |
| Other amounts receivable | 41 | €628 | €0 | -€628 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,574 | €8,871 | -€23,704 | -72.8% |
| Total equity and liabilities | 10/49 | €126,355 | €102,421 | -€23,934 | -18.9% |
| Equity | 10/15 | €62,094 | €36,206 | -€25,888 | -41.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,906 | -€213,794 | -€25,888 | -13.8% |
| Amounts payable | 17/49 | €64,261 | €66,215 | +€1,954 | +3.0% |
| Amounts payable within one year | 42/48 | €64,261 | €66,215 | +€1,954 | +3.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €295 | +€295 | |
| Suppliers | 440/4 | €0 | €295 | +€295 | |
| Taxes, remuneration and social security | 45 | €333 | €77 | -€256 | -76.9% |
| Taxes | 450/3 | €333 | €77 | -€256 | -76.9% |
| Other amounts payable | 47/48 | €63,927 | €65,843 | +€1,916 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €860 | €233 | -€627 | -72.9% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | -€24,680 | -€24,660 | +€20 | +0.1% |
| Operating profit (loss) | 9901 | -€26,213 | -€25,588 | +€625 | +2.4% |
| Financial charges | 65/66B | €220 | €120 | -€100 | -45.5% |
| Recurring financial charges | 65 | €220 | €120 | -€100 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,434 | -€25,708 | +€725 | +2.7% |
| Income taxes | 67/77 | €170 | €179 | +€9 | +5.3% |
| Profit (loss) for the period | 9904 | -€26,604 | -€25,888 | +€716 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,604 | -€25,888 | +€716 | +2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.