BUCKEL Gravures: 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.
BUCKEL Gravures
Largest movements
- Receivables within one year +€25,644
up €25,644 (+71.6%), from €35,792 to €61,436
of which Trade receivables: +€25,639
- Cash -€21,492
down €21,492 (-28.8%), from €74,722 to €53,230
mainly Investment in fixed assets (net) (-€77,690) and Contributions, distributions and other (-€60,972)
- Stocks and contracts -€10,174
down €10,174 (-50.2%), from €20,265 to €10,090
- Debts after one year -€47,937
down €47,937 (-12.4%), from €385,068 to €337,131
- Current portion of long-term debt +€24,808
up €24,808 (+80.8%), from €30,688 to €55,496
- Other debts +€24,506
up €24,506 (+46.8%), from €52,340 to €76,846
- Gross operating margin +€64,431
up €64,431 (+67.5%), from €95,475 to €159,906
- Taxes +€9,506
up €9,506 (+8,415%), from €113 to €9,619
- Depreciation +€8,360
up €8,360 (+13.1%), from €63,704 to €72,064
- Staff costs +€6,521
new in 2025: €6,521
- Other operating charges +€3,650
up €3,650 (+1,197%), from €305 to €3,955
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 | €722,567 | €725,086 | +€2,519 | +0.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €589,644 | €595,271 | +€5,627 | +1.0% |
| Intangible fixed assets | 21 | €0 | €4,641 | +€4,641 | |
| Tangible fixed assets | 22/27 | €589,644 | €590,629 | +€985 | +0.2% |
| Land and buildings | 22 | €381,611 | €366,145 | -€15,466 | -4.1% |
| Plant, machinery and equipment | 23 | €166,303 | €168,849 | +€2,546 | +1.5% |
| Furniture and vehicles | 24 | €35,458 | €52,063 | +€16,605 | +46.8% |
| Leasing and similar rights | 25 | €6,273 | €3,573 | -€2,700 | -43.0% |
| Current assets | 29/58 | €132,923 | €129,815 | -€3,108 | -2.3% |
| Stocks and contracts in progress | 3 | €20,265 | €10,090 | -€10,174 | -50.2% |
| Stocks | 30/36 | €20,265 | €10,090 | -€10,174 | -50.2% |
| Amounts receivable within one year | 40/41 | €35,792 | €61,436 | +€25,644 | +71.6% |
| Trade receivables | 40 | €35,792 | €61,431 | +€25,639 | +71.6% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €74,722 | €53,230 | -€21,492 | -28.8% |
| Deferred charges and accrued income | 490/1 | €2,145 | €5,060 | +€2,915 | +136% |
| Total equity and liabilities | 10/49 | €722,567 | €725,086 | +€2,519 | +0.3% |
| Equity | 10/15 | €240,972 | €238,011 | -€2,960 | -1.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €506 | €506 | = | 0.0% |
| Tax-exempt reserves | 132 | €506 | €506 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,137 | €185,149 | -€1,988 | -1.1% |
| Investment grants | 15 | €23,328 | €22,356 | -€972 | -4.2% |
| Amounts payable | 17/49 | €481,595 | €487,074 | +€5,479 | +1.1% |
| Amounts payable after more than one year | 17 | €385,068 | €337,131 | -€47,937 | -12.4% |
| Financial debts | 170/4 | €385,068 | €337,131 | -€47,937 | -12.4% |
| Amounts payable within one year | 42/48 | €96,527 | €149,943 | +€53,416 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €30,688 | €55,496 | +€24,808 | +80.8% |
| Trade debts | 44 | €2,796 | €3,405 | +€609 | +21.8% |
| Suppliers | 440/4 | €2,796 | €3,405 | +€609 | +21.8% |
| Taxes, remuneration and social security | 45 | €10,703 | €14,196 | +€3,494 | +32.6% |
| Taxes | 450/3 | €10,703 | €14,196 | +€3,494 | +32.6% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €52,340 | €76,846 | +€24,506 | +46.8% |
| Remuneration, social security and pensions | 62 | - | €6,521 | +€6,521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,704 | €72,064 | +€8,360 | +13.1% |
| Other operating charges | 640/8 | €305 | €3,955 | +€3,650 | +1,197% |
| Non-recurring operating charges | 66A | - | €118 | +€118 | |
| Gross operating margin | 9900 | €95,475 | €159,906 | +€64,431 | +67.5% |
| Operating profit (loss) | 9901 | €31,466 | €77,248 | +€45,782 | +145% |
| Financial income | 75/76B | €1,572 | €978 | -€594 | -37.8% |
| Recurring financial income | 75 | €1,572 | €978 | -€594 | -37.8% |
| Financial charges | 65/66B | €10,067 | €10,595 | +€527 | +5.2% |
| Recurring financial charges | 65 | €10,067 | €10,595 | +€527 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €22,971 | €67,631 | +€44,660 | +194% |
| Income taxes | 67/77 | €113 | €9,619 | +€9,506 | +8,415% |
| Profit (loss) for the period | 9904 | €22,858 | €58,012 | +€35,154 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €22,858 | €58,012 | +€35,154 | +154% |
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 27 October 2026 via checked.be.