BuCoTem: 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.
BuCoTem
Largest movements
- Current investments -€137,306
down €137,306 (-100.0%), from €137,306 to €0
- Cash -€20,724
down €20,724 (-10.2%), from €203,700 to €182,976
mainly Contributions, distributions and other (-€342,276) and Receivables within one year (-€6,512)
- Receivables within one year +€6,512
up €6,512 (+18.3%), from €35,577 to €42,089
of which Trade receivables: +€10,106
- Reserves -€224,509
down €224,509 (-74.7%), from €300,668 to €76,159
- Other debts +€70,779
up €70,779 (+127.4%), from €55,537 to €126,316
- Tax, wage and social debts +€6,873
up €6,873 (+190.4%), from €3,609 to €10,483
- Financial income +€50,371
up €50,371 (+3590.1%), from €1,403 to €51,774
- Gross operating margin +€31,640
up €31,640 (+58.8%), from €53,830 to €85,470
- Taxes +€6,692
up €6,692 (+60.4%), from €11,078 to €17,771
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 | €379,673 | €231,611 | -€148,063 | -39.0% |
| Fixed assets | 21/28 | €1,753 | €2,376 | +€623 | +35.5% |
| Tangible fixed assets | 22/27 | €1,753 | €2,376 | +€623 | +35.5% |
| Plant, machinery and equipment | 23 | - | €1,548 | +€1,548 | |
| Furniture and vehicles | 24 | €1,753 | €827 | -€926 | -52.8% |
| Current assets | 29/58 | €377,920 | €229,235 | -€148,685 | -39.3% |
| Amounts receivable within one year | 40/41 | €35,577 | €42,089 | +€6,512 | +18.3% |
| Trade receivables | 40 | €21,778 | €31,884 | +€10,106 | +46.4% |
| Other amounts receivable | 41 | €13,799 | €10,205 | -€3,594 | -26.0% |
| Current investments | 50/53 | €137,306 | €0 | -€137,306 | -100.0% |
| Cash at bank and in hand | 54/58 | €203,700 | €182,976 | -€20,724 | -10.2% |
| Deferred charges and accrued income | 490/1 | €1,337 | €4,170 | +€2,833 | +211.9% |
| Total equity and liabilities | 10/49 | €379,673 | €231,611 | -€148,063 | -39.0% |
| Equity | 10/15 | €319,268 | €94,759 | -€224,509 | -70.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €300,668 | €76,159 | -€224,509 | -74.7% |
| Distributable reserves | 133 | €300,668 | €76,159 | -€224,509 | -74.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,405 | €136,852 | +€76,446 | +126.6% |
| Amounts payable within one year | 42/48 | €60,405 | €136,852 | +€76,446 | +126.6% |
| Trade debts | 44 | €1,258 | €53 | -€1,206 | -95.8% |
| Suppliers | 440/4 | €1,258 | €53 | -€1,206 | -95.8% |
| Taxes, remuneration and social security | 45 | €3,609 | €10,483 | +€6,873 | +190.4% |
| Taxes | 450/3 | €3,609 | €10,483 | +€6,873 | +190.4% |
| Other amounts payable | 47/48 | €55,537 | €126,316 | +€70,779 | +127.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,228 | €1,266 | +€38 | +3.1% |
| Other operating charges | 640/8 | €899 | €400 | -€499 | -55.5% |
| Gross operating margin | 9900 | €53,830 | €85,470 | +€31,640 | +58.8% |
| Operating profit (loss) | 9901 | €51,704 | €83,804 | +€32,101 | +62.1% |
| Financial income | 75/76B | €1,403 | €51,774 | +€50,371 | +3590.1% |
| Recurring financial income | 75 | €1,403 | €51,774 | +€50,371 | +3590.1% |
| Financial charges | 65/66B | €89 | €41 | -€48 | -54.3% |
| Recurring financial charges | 65 | €89 | €41 | -€48 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €53,018 | €135,537 | +€82,519 | +155.6% |
| Income taxes | 67/77 | €11,078 | €17,771 | +€6,692 | +60.4% |
| Profit (loss) for the period | 9904 | €41,940 | €117,767 | +€75,827 | +180.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,940 | €117,767 | +€75,827 | +180.8% |
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.