BUCH EDITION: 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.
BUCH EDITION
Largest movements
- Stocks and contracts -€1,718
down €1,718 (-11.0%), from €15,598 to €13,880
- Receivables within one year +€300
new in 2025: €300
- Other debts -€1,728
down €1,728 (-6.7%), from €25,827 to €24,099
- Profit (loss) carried forward +€958
up €958 (+0.6%), from -€152,160 to -€151,202
- Trade debts -€761
down €761 (-87.4%), from €871 to €110
- Gross operating margin +€4,311
up €4,311, from -€2,893 to €1,418
- Write-downs +€4,281
no longer reported in 2025 (was -€4,281)
- Other operating charges -€3,849
down €3,849 (-90.6%), from €4,248 to €400
- Depreciation -€118
no longer reported in 2025 (was €118)
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 | €16,631 | €15,099 | -€1,531 | -9.2% |
| Current assets | 29/58 | €16,631 | €15,099 | -€1,531 | -9.2% |
| Stocks and contracts in progress | 3 | €15,598 | €13,880 | -€1,718 | -11.0% |
| Stocks | 30/36 | €15,598 | €13,880 | -€1,718 | -11.0% |
| Amounts receivable within one year | 40/41 | - | €300 | +€300 | |
| Trade receivables | 40 | - | €300 | +€300 | |
| Cash at bank and in hand | 54/58 | €1,032 | €919 | -€113 | -10.9% |
| Total equity and liabilities | 10/49 | €16,631 | €15,099 | -€1,531 | -9.2% |
| Equity | 10/15 | -€133,568 | -€132,610 | +€958 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,160 | -€151,202 | +€958 | +0.6% |
| Amounts payable | 17/49 | €150,199 | €147,709 | -€2,489 | -1.7% |
| Amounts payable after more than one year | 17 | €123,500 | €123,500 | = | 0.0% |
| Financial debts | 170/4 | €123,500 | €123,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,699 | €24,209 | -€2,489 | -9.3% |
| Trade debts | 44 | €871 | €110 | -€761 | -87.4% |
| Suppliers | 440/4 | €871 | €110 | -€761 | -87.4% |
| Other amounts payable | 47/48 | €25,827 | €24,099 | -€1,728 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118 | - | -€118 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,281 | - | +€4,281 | |
| Other operating charges | 640/8 | €4,248 | €400 | -€3,849 | -90.6% |
| Gross operating margin | 9900 | -€2,893 | €1,418 | +€4,311 | |
| Operating profit (loss) | 9901 | -€2,979 | €1,019 | +€3,997 | |
| Financial charges | 65/66B | €60 | €61 | +€1 | +0.9% |
| Recurring financial charges | 65 | €60 | €61 | +€1 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,039 | €958 | +€3,997 | |
| Profit (loss) for the period | 9904 | -€3,039 | €958 | +€3,997 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,039 | €958 | +€3,997 |
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 5 October 2026 via checked.be.