BUCQUOYE: 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.
BUCQUOYE
Largest movements
- Cash +€228,785
up €228,785 (+135.0%), from €169,504 to €398,289
mainly Net result for the year (+€217,349) and Debts after one year (+€162,750)
- Tangible fixed assets +€197,092
up €197,092 (+59.4%), from €331,569 to €528,661
of which Land and buildings: +€195,618
- Current investments -€130,224
no longer reported in 2025 (was €130,224)
- Receivables within one year -€103,447
down €103,447 (-21.0%), from €492,699 to €389,252
of which Trade receivables: -€92,754
- Reserves +€398,601
up €398,601 (+346.9%), from €114,894 to €513,495
- Profit (loss) carried forward -€181,252
down €181,252 (-45.5%), from €398,601 to €217,349
- Trade debts -€179,334
down €179,334 (-48.4%), from €370,573 to €191,239
- Debts after one year +€162,750
up €162,750 (+94.0%), from €173,229 to €335,979
- Advances received -€64,250
no longer reported in 2025 (was €64,250)
- Gross operating margin +€283,144
up €283,144 (+334.3%), from €84,704 to €367,848
- Taxes +€59,035
up €59,035 (+335.2%), from €17,610 to €76,645
- Other operating charges +€41,252
new in 2025: €41,252
- Depreciation +€20,041
up €20,041 (+3237.6%), from €619 to €20,660
- Write-downs -€3,684
down €3,684 (-33.5%), from €11,011 to €7,327
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 | €1,188,538 | €1,380,839 | +€192,301 | +16.2% |
| Fixed assets | 21/28 | €395,819 | €592,911 | +€197,092 | +49.8% |
| Tangible fixed assets | 22/27 | €331,569 | €528,661 | +€197,092 | +59.4% |
| Land and buildings | 22 | €331,569 | €527,187 | +€195,618 | +59.0% |
| Furniture and vehicles | 24 | - | €1,474 | +€1,474 | |
| Financial fixed assets | 28 | €64,250 | €64,250 | = | 0.0% |
| Current assets | 29/58 | €792,719 | €787,928 | -€4,791 | -0.6% |
| Amounts receivable within one year | 40/41 | €492,699 | €389,252 | -€103,447 | -21.0% |
| Trade receivables | 40 | €479,541 | €386,787 | -€92,754 | -19.3% |
| Other amounts receivable | 41 | €13,158 | €2,465 | -€10,693 | -81.3% |
| Current investments | 50/53 | €130,224 | - | -€130,224 | |
| Cash at bank and in hand | 54/58 | €169,504 | €398,289 | +€228,785 | +135.0% |
| Deferred charges and accrued income | 490/1 | €292 | €387 | +€95 | +32.5% |
| Total equity and liabilities | 10/49 | €1,188,538 | €1,380,839 | +€192,301 | +16.2% |
| Equity | 10/15 | €543,242 | €760,591 | +€217,349 | +40.0% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €114,894 | €513,495 | +€398,601 | +346.9% |
| Distributable reserves | 133 | €114,894 | €513,495 | +€398,601 | +346.9% |
| Profit (loss) carried forward | 14 | €398,601 | €217,349 | -€181,252 | -45.5% |
| Amounts payable | 17/49 | €645,296 | €620,248 | -€25,048 | -3.9% |
| Amounts payable after more than one year | 17 | €173,229 | €335,979 | +€162,750 | +94.0% |
| Financial debts | 170/4 | €173,229 | €335,979 | +€162,750 | +94.0% |
| Amounts payable within one year | 42/48 | €472,067 | €284,269 | -€187,798 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €28,057 | €38,917 | +€10,860 | +38.7% |
| Trade debts | 44 | €370,573 | €191,239 | -€179,334 | -48.4% |
| Suppliers | 440/4 | €370,573 | €191,239 | -€179,334 | -48.4% |
| Advances received on contracts in progress | 46 | €64,250 | - | -€64,250 | |
| Taxes, remuneration and social security | 45 | €1,943 | €47,290 | +€45,347 | +2333.9% |
| Taxes | 450/3 | €1,543 | €46,342 | +€44,799 | +2903.4% |
| Remuneration and social security | 454/9 | €400 | €948 | +€548 | +137.0% |
| Other amounts payable | 47/48 | €7,244 | €6,823 | -€421 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €619 | €20,660 | +€20,041 | +3237.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,011 | €7,327 | -€3,684 | -33.5% |
| Other operating charges | 640/8 | - | €41,252 | +€41,252 | |
| Gross operating margin | 9900 | €84,704 | €367,848 | +€283,144 | +334.3% |
| Operating profit (loss) | 9901 | €73,074 | €298,609 | +€225,535 | +308.6% |
| Financial income | 75/76B | €1,070 | €1,026 | -€44 | -4.1% |
| Recurring financial income | 75 | €1,070 | €1,026 | -€44 | -4.1% |
| Financial charges | 65/66B | €4,102 | €5,641 | +€1,539 | +37.5% |
| Recurring financial charges | 65 | €4,102 | €5,641 | +€1,539 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €70,042 | €293,994 | +€223,952 | +319.7% |
| Income taxes | 67/77 | €17,610 | €76,645 | +€59,035 | +335.2% |
| Profit (loss) for the period | 9904 | €52,432 | €217,349 | +€164,917 | +314.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,432 | €217,349 | +€164,917 | +314.5% |
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 9 October 2026 via checked.be.