BUCO: 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.
BUCO
Largest movements
- Cash +€47,895
up €47,895 (+62.2%), from €76,951 to €124,846
mainly Current investments (+€45,000) and Depreciation (+€17,810)
- Current investments -€45,000
down €45,000 (-32.1%), from €140,000 to €95,000
- Tangible fixed assets -€17,810
down €17,810 (-3.0%), from €593,465 to €575,655
of which Land and buildings: -€17,810
- Provisions -€11,822
down €11,822 (-2.4%), from €502,645 to €490,823
- Financial income -€10,829
down €10,829 (-67.2%), from €16,104 to €5,275
- Gross operating margin +€2,217
up €2,217 (+4.0%), from €55,147 to €57,364
- Taxes +€903
up €903 (+30.0%), from €3,007 to €3,910
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 | €1,021,953 | €1,007,622 | -€14,331 | -1.4% |
| Fixed assets | 21/28 | €801,856 | €784,045 | -€17,810 | -2.2% |
| Tangible fixed assets | 22/27 | €593,465 | €575,655 | -€17,810 | -3.0% |
| Land and buildings | 22 | €593,465 | €575,655 | -€17,810 | -3.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €208,390 | €208,390 | = | 0.0% |
| Current assets | 29/58 | €220,098 | €223,576 | +€3,479 | +1.6% |
| Amounts receivable within one year | 40/41 | €2,500 | €2,000 | -€500 | -20.0% |
| Other amounts receivable | 41 | €2,500 | €2,000 | -€500 | -20.0% |
| Current investments | 50/53 | €140,000 | €95,000 | -€45,000 | -32.1% |
| Cash at bank and in hand | 54/58 | €76,951 | €124,846 | +€47,895 | +62.2% |
| Deferred charges and accrued income | 490/1 | €647 | €1,731 | +€1,084 | +168% |
| Total equity and liabilities | 10/49 | €1,021,953 | €1,007,622 | -€14,331 | -1.4% |
| Equity | 10/15 | €503,618 | €504,868 | +€1,250 | +0.2% |
| Contributions | 10/11 | €354,379 | €354,379 | = | 0.0% |
| Reserves | 13 | €146,840 | €148,040 | +€1,200 | +0.8% |
| Distributable reserves | 133 | €146,840 | €148,040 | +€1,200 | +0.8% |
| Profit (loss) carried forward | 14 | €2,399 | €2,449 | +€50 | +2.1% |
| Provisions and deferred taxes | 16 | €502,645 | €490,823 | -€11,822 | -2.4% |
| Provisions for liabilities and charges | 160/5 | €502,645 | €490,823 | -€11,822 | -2.4% |
| Other liabilities and charges | 164/5 | €502,645 | €490,823 | -€11,822 | -2.4% |
| Amounts payable | 17/49 | €15,690 | €11,930 | -€3,760 | -24.0% |
| Amounts payable within one year | 42/48 | €10,705 | €6,958 | -€3,747 | -35.0% |
| Trade debts | 44 | €2,226 | €2,073 | -€152 | -6.8% |
| Suppliers | 440/4 | €2,226 | €2,073 | -€152 | -6.8% |
| Taxes, remuneration and social security | 45 | €333 | €827 | +€495 | +149% |
| Taxes | 450/3 | €333 | €827 | +€495 | +149% |
| Other amounts payable | 47/48 | €8,147 | €4,057 | -€4,090 | -50.2% |
| Accrued charges and deferred income | 492/3 | €4,985 | €4,972 | -€13 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,991 | €17,810 | -€180 | -1.0% |
| Other operating charges | 640/8 | €7,801 | €8,093 | +€292 | +3.7% |
| Gross operating margin | 9900 | €55,147 | €57,364 | +€2,217 | +4.0% |
| Operating profit (loss) | 9901 | €29,356 | €31,460 | +€2,105 | +7.2% |
| Financial income | 75/76B | €16,104 | €5,275 | -€10,829 | -67.2% |
| Recurring financial income | 75 | €16,104 | €5,275 | -€10,829 | -67.2% |
| Financial charges | 65/66B | €24,708 | €24,675 | -€33 | -0.1% |
| Recurring financial charges | 65 | €24,708 | €24,675 | -€33 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €20,752 | €12,060 | -€8,692 | -41.9% |
| Income taxes | 67/77 | €3,007 | €3,910 | +€903 | +30.0% |
| Profit (loss) for the period | 9904 | €17,745 | €8,150 | -€9,594 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,745 | €8,150 | -€9,594 | -54.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.