Buck: 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.
Buck
Largest movements
- Cash -€103,965
down €103,965 (-54.2%), from €191,717 to €87,752
mainly Contributions, distributions and other (-€112,326) and Tax, wage and social debts (-€53,220)
- Receivables within one year +€19,698
up €19,698 (+47.0%), from €41,924 to €61,622
of which Other amounts receivable: +€16,893
- Tax, wage and social debts -€53,220
down €53,220 (-58.3%), from €91,296 to €38,076
of which Taxes: -€53,788
- Other debts -€27,785
down €27,785 (-19.8%), from €140,111 to €112,326
- Gross operating margin +€10,709
up €10,709 (+7.9%), from €136,219 to €146,928
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 | €238,013 | €155,142 | -€82,871 | -34.8% |
| Formation expenses | 20 | €847 | €317 | -€530 | -62.5% |
| Fixed assets | 21/28 | €3,375 | €5,451 | +€2,076 | +61.5% |
| Tangible fixed assets | 22/27 | €3,375 | €5,451 | +€2,076 | +61.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,375 | €5,451 | +€2,076 | +61.5% |
| Current assets | 29/58 | €233,791 | €149,374 | -€84,417 | -36.1% |
| Amounts receivable within one year | 40/41 | €41,924 | €61,622 | +€19,698 | +47.0% |
| Trade receivables | 40 | €41,924 | €44,729 | +€2,805 | +6.7% |
| Other amounts receivable | 41 | €0 | €16,893 | +€16,893 | |
| Cash at bank and in hand | 54/58 | €191,717 | €87,752 | -€103,965 | -54.2% |
| Deferred charges and accrued income | 490/1 | €150 | €0 | -€150 | -100.0% |
| Total equity and liabilities | 10/49 | €238,013 | €155,142 | -€82,871 | -34.8% |
| Equity | 10/15 | €3,500 | €3,500 | = | 0.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €234,513 | €151,642 | -€82,871 | -35.3% |
| Amounts payable within one year | 42/48 | €234,513 | €151,642 | -€82,871 | -35.3% |
| Trade debts | 44 | €3,106 | €1,240 | -€1,866 | -60.1% |
| Suppliers | 440/4 | €3,106 | €1,240 | -€1,866 | -60.1% |
| Taxes, remuneration and social security | 45 | €91,296 | €38,076 | -€53,220 | -58.3% |
| Taxes | 450/3 | €89,172 | €35,383 | -€53,788 | -60.3% |
| Remuneration and social security | 454/9 | €2,124 | €2,692 | +€568 | +26.7% |
| Other amounts payable | 47/48 | €140,111 | €112,326 | -€27,785 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,848 | €2,047 | +€199 | +10.8% |
| Other operating charges | 640/8 | €272 | €144 | -€128 | -47.1% |
| Gross operating margin | 9900 | €136,219 | €146,928 | +€10,709 | +7.9% |
| Operating profit (loss) | 9901 | €134,099 | €144,737 | +€10,638 | +7.9% |
| Financial income | 75/76B | €161 | €9 | -€152 | -94.3% |
| Recurring financial income | 75 | €161 | €9 | -€152 | -94.3% |
| Financial charges | 65/66B | €59 | €55 | -€3 | -5.7% |
| Recurring financial charges | 65 | €59 | €55 | -€3 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €134,201 | €144,691 | +€10,490 | +7.8% |
| Income taxes | 67/77 | €31,642 | €32,365 | +€722 | +2.3% |
| Profit (loss) for the period | 9904 | €102,559 | €112,326 | +€9,768 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,559 | €112,326 | +€9,768 | +9.5% |
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 12 October 2026 via checked.be.