BUCI: 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.
BUCI
Largest movements
- Stocks and contracts +€30,367
up €30,367 (+43.1%), from €70,406 to €100,773
- Cash -€21,089
down €21,089 (-19.7%), from €107,235 to €86,146
mainly Contributions, distributions and other (-€64,436) and Stocks and contracts (-€30,367)
- Tangible fixed assets -€5,369
down €5,369 (-20.6%), from €26,111 to €20,742
of which Furniture and vehicles: -€5,256
- Receivables within one year +€3,948
up €3,948 (+11.9%), from €33,078 to €37,025
of which Other amounts receivable: +€13,091
- Deferred charges and accrued income +€3,419
up €3,419 (+29.6%), from €11,544 to €14,963
- Other debts +€61,214
new in 2025: €61,214
- Reserves -€51,343
down €51,343 (-45.9%), from €111,766 to €60,424
- Trade debts +€10,380
up €10,380 (+265%), from €3,917 to €14,296
- Tax, wage and social debts -€5,038
down €5,038 (-53.7%), from €9,374 to €4,336
of which Remuneration and social security: -€2,995
- Current portion of long-term debt -€3,937
no longer reported in 2025 (was €3,937)
- Gross operating margin -€53,910
down €53,910 (-57.6%), from €93,636 to €39,727
- Staff costs -€32,127
down €32,127 (-69.0%), from €46,539 to €14,412
- Taxes -€1,073
down €1,073 (-38.0%), from €2,825 to €1,752
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 | €249,762 | €261,038 | +€11,276 | +4.5% |
| Fixed assets | 21/28 | €27,500 | €22,130 | -€5,369 | -19.5% |
| Tangible fixed assets | 22/27 | €26,111 | €20,742 | -€5,369 | -20.6% |
| Land and buildings | 22 | €16,147 | €13,137 | -€3,011 | -18.6% |
| Plant, machinery and equipment | 23 | €1,687 | €4,584 | +€2,897 | +172% |
| Furniture and vehicles | 24 | €8,277 | €3,021 | -€5,256 | -63.5% |
| Financial fixed assets | 28 | €1,388 | €1,388 | = | 0.0% |
| Current assets | 29/58 | €222,262 | €238,908 | +€16,645 | +7.5% |
| Stocks and contracts in progress | 3 | €70,406 | €100,773 | +€30,367 | +43.1% |
| Stocks | 30/36 | €70,406 | €100,773 | +€30,367 | +43.1% |
| Amounts receivable within one year | 40/41 | €33,078 | €37,025 | +€3,948 | +11.9% |
| Trade receivables | 40 | €20,695 | €11,551 | -€9,144 | -44.2% |
| Other amounts receivable | 41 | €12,383 | €25,475 | +€13,091 | +106% |
| Cash at bank and in hand | 54/58 | €107,235 | €86,146 | -€21,089 | -19.7% |
| Deferred charges and accrued income | 490/1 | €11,544 | €14,963 | +€3,419 | +29.6% |
| Total equity and liabilities | 10/49 | €249,762 | €261,038 | +€11,276 | +4.5% |
| Equity | 10/15 | €232,533 | €181,191 | -€51,343 | -22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,766 | €60,424 | -€51,343 | -45.9% |
| Distributable reserves | 133 | €111,766 | €60,424 | -€51,343 | -45.9% |
| Profit (loss) carried forward | 14 | €102,167 | €102,167 | = | 0.0% |
| Amounts payable | 17/49 | €17,229 | €79,847 | +€62,618 | +363% |
| Amounts payable within one year | 42/48 | €17,229 | €79,847 | +€62,618 | +363% |
| Current portion of amounts payable after more than one year | 42 | €3,937 | - | -€3,937 | |
| Trade debts | 44 | €3,917 | €14,296 | +€10,380 | +265% |
| Suppliers | 440/4 | €3,917 | €14,296 | +€10,380 | +265% |
| Taxes, remuneration and social security | 45 | €9,374 | €4,336 | -€5,038 | -53.7% |
| Taxes | 450/3 | €6,379 | €4,336 | -€2,043 | -32.0% |
| Remuneration and social security | 454/9 | €2,995 | - | -€2,995 | |
| Other amounts payable | 47/48 | - | €61,214 | +€61,214 | |
| Remuneration, social security and pensions | 62 | €46,539 | €14,412 | -€32,127 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,220 | €9,736 | +€516 | +5.6% |
| Other operating charges | 640/8 | €5,290 | €4,841 | -€450 | -8.5% |
| Gross operating margin | 9900 | €93,636 | €39,727 | -€53,910 | -57.6% |
| Operating profit (loss) | 9901 | €32,587 | €10,738 | -€21,849 | -67.0% |
| Financial income | 75/76B | €5,054 | €5,456 | +€402 | +8.0% |
| Recurring financial income | 75 | €5,054 | €5,456 | +€402 | +8.0% |
| Financial charges | 65/66B | €1,718 | €1,348 | -€370 | -21.5% |
| Recurring financial charges | 65 | €1,718 | €1,348 | -€370 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €35,923 | €14,846 | -€21,077 | -58.7% |
| Income taxes | 67/77 | €2,825 | €1,752 | -€1,073 | -38.0% |
| Profit (loss) for the period | 9904 | €33,098 | €13,094 | -€20,004 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,098 | €13,094 | -€20,004 | -60.4% |
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 16 October 2026 via checked.be.