Skip to content

BUEKEN: what changed

Two fiscal 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.

What changed

BUEKEN

BE 0440.115.130
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5,089
2024 · €331,840-€336,929
Equity
€420,303
2024 · €425,392-€5,089
Cash
€447,022
2024 · €557,637-€110,615
Balance sheet total
€1.0m
2024 · €1.1m-€97,775

Largest movements

2024 to 2025
Assets
  • Cash -€110,615

    down €110,615 (-19.8%), from €557,637 to €447,022

    mainly Other debts (-€76,686) and Receivables within one year (-€38,052)

  • Receivables within one year +€38,052

    up €38,052 (+343.2%), from €11,086 to €49,139

    of which Trade receivables: +€40,000

  • Tangible fixed assets -€25,008

    down €25,008 (-4.7%), from €532,415 to €507,408

    of which Land and buildings: -€28,832

Equity and liabilities
  • Other debts -€76,686

    down €76,686 (-29.8%), from €256,957 to €180,271

  • Debts after one year -€21,854

    down €21,854 (-7.8%), from €279,763 to €257,908

Income statement
  • Gross operating margin -€465,684

    down €465,684 (-90.1%), from €516,783 to €51,098

  • Financial charges -€8,985

    down €8,985 (-50.8%), from €17,681 to €8,696

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €331,840
Gross operating margin -€465,684
Depreciation -€766
Other operating charges +€372
Financial income +€4,429
Financial charges +€8,985
Taxes +€9
Deferred taxes and other +€115,726
Result 2025 -€5,089

Cash bridge derived

cash 2024 to 2025

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.

From operations -€73,294
Investment -€16,101
Financing -€21,220
Cash 2024 €557,637
Net result for the year -€5,089
Depreciation +€41,109
Receivables within one year -€38,052
Deferred charges and accrued income +€205
Trade debts +€6,019
Other debts -€76,686
Accrued charges and deferred income -€800
Investment in fixed assets (net) -€16,101
Debts after one year -€21,854
Current portion of long-term debt +€635
Cash 2025 €447,022
Every line side by side 47 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,101,465 €1,003,690 -€97,775 -8.9%
Fixed assets 21/28 €532,415 €507,408 -€25,008 -4.7%
Tangible fixed assets 22/27 €532,415 €507,408 -€25,008 -4.7%
Land and buildings 22 €531,435 €502,603 -€28,832 -5.4%
Furniture and vehicles 24 €980 €4,805 +€3,825 +390.1%
Current assets 29/58 €569,050 €496,282 -€72,768 -12.8%
Amounts receivable within one year 40/41 €11,086 €49,139 +€38,052 +343.2%
Trade receivables 40 - €40,000 +€40,000
Other amounts receivable 41 €11,086 €9,139 -€1,948 -17.6%
Cash at bank and in hand 54/58 €557,637 €447,022 -€110,615 -19.8%
Deferred charges and accrued income 490/1 €327 €122 -€205 -62.7%
Total equity and liabilities 10/49 €1,101,465 €1,003,690 -€97,775 -8.9%
Equity 10/15 €425,392 €420,303 -€5,089 -1.2%
Contributions 10/11 €61,973 €61,973 = 0.0%
Capital 10 €61,973 €61,973 = 0.0%
Issued capital 100 €61,973 €61,973 = 0.0%
Reserves 13 €353,374 €353,374 = 0.0%
Non-distributable reserves 130/1 €6,197 €6,197 = 0.0%
Legal reserve 130 €6,197 €6,197 = 0.0%
Tax-exempt reserves 132 €347,177 €347,177 = 0.0%
Profit (loss) carried forward 14 €10,044 €4,955 -€5,089 -50.7%
Provisions and deferred taxes 16 €115,726 €115,726 = 0.0%
Deferred taxes 168 €115,726 €115,726 = 0.0%
Amounts payable 17/49 €560,348 €467,662 -€92,686 -16.5%
Amounts payable after more than one year 17 €279,763 €257,908 -€21,854 -7.8%
Financial debts 170/4 €279,763 €257,908 -€21,854 -7.8%
Amounts payable within one year 42/48 €279,785 €209,753 -€70,032 -25.0%
Current portion of amounts payable after more than one year 42 €21,220 €21,854 +€635 +3.0%
Trade debts 44 €1,609 €7,628 +€6,019 +374.2%
Suppliers 440/4 €1,609 €7,628 +€6,019 +374.2%
Other amounts payable 47/48 €256,957 €180,271 -€76,686 -29.8%
Accrued charges and deferred income 492/3 €800 - -€800
Non-recurring operating income 76A €462,903 - -€462,903
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €40,342 €41,109 +€766 +1.9%
Other operating charges 640/8 €11,696 €11,324 -€372 -3.2%
Gross operating margin 9900 €516,783 €51,098 -€465,684 -90.1%
Operating profit (loss) 9901 €464,744 -€1,334 -€466,078
Financial income 75/76B €511 €4,941 +€4,429 +866.0%
Recurring financial income 75 €511 €4,941 +€4,429 +866.0%
Financial charges 65/66B €17,681 €8,696 -€8,985 -50.8%
Recurring financial charges 65 €17,681 €8,696 -€8,985 -50.8%
Profit (loss) for the period before taxes 9903 €447,574 -€5,089 -€452,663
Transfer to deferred taxes 680 €115,726 - -€115,726
Income taxes 67/77 €9 - -€9
Profit (loss) for the period 9904 €331,840 -€5,089 -€336,929
Transfer to tax-exempt reserves 689 €347,177 - -€347,177
Profit (loss) for the period to be appropriated 9905 -€15,337 -€5,089 +€10,248 +66.8%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.