BUEKERS DAVID: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
BUEKERS DAVID
Largest movements
- Cash +€83,677
up €83,677 (+544%), from €15,386 to €99,064
mainly Debts after one year (+€98,597) and Receivables within one year (+€76,784)
- Receivables within one year -€76,784
down €76,784 (-48.6%), from €158,153 to €81,370
of which Trade receivables: -€79,143
- Stocks and contracts -€36,450
no longer reported in 2025 (was €36,450)
- Tangible fixed assets +€13,360
up €13,360 (+2.1%), from €643,996 to €657,356
of which Land and buildings: +€36,273
- Trade debts -€127,284
down €127,284 (-80.7%), from €157,670 to €30,386
- Debts after one year +€98,597
up €98,597 (+30.0%), from €329,124 to €427,720
- Reserves +€15,406
up €15,406 (+13.1%), from €117,360 to €132,766
of which Distributable reserves: +€15,406
- Gross operating margin +€119,174
up €119,174 (+262%), from €45,484 to €164,658
- Staff costs -€116,056
down €116,056 (-96.1%), from €120,728 to €4,672
- Other operating charges +€56,662
up €56,662 (+1,013%), from €5,593 to €62,255
- Financial charges +€33,403
up €33,403 (+190%), from €17,551 to €50,954
of which Non-recurring financial charges: +€22,286
- Depreciation -€15,422
down €15,422 (-38.2%), from €40,365 to €24,943
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €856,368 | €840,171 | -€16,196 | -1.9% |
| Fixed assets | 21/28 | €644,315 | €657,675 | +€13,360 | +2.1% |
| Tangible fixed assets | 22/27 | €643,996 | €657,356 | +€13,360 | +2.1% |
| Land and buildings | 22 | €603,168 | €639,441 | +€36,273 | +6.0% |
| Plant, machinery and equipment | 23 | €12,079 | €11,184 | -€895 | -7.4% |
| Furniture and vehicles | 24 | €28,749 | €6,731 | -€22,018 | -76.6% |
| Financial fixed assets | 28 | €319 | €319 | = | 0.0% |
| Current assets | 29/58 | €212,053 | €182,497 | -€29,556 | -13.9% |
| Amounts receivable after more than one year | 29 | €2,063 | €2,063 | = | 0.0% |
| Other amounts receivable | 291 | €2,063 | €2,063 | = | 0.0% |
| Stocks and contracts in progress | 3 | €36,450 | - | -€36,450 | |
| Stocks | 30/36 | €36,450 | - | -€36,450 | |
| Amounts receivable within one year | 40/41 | €158,153 | €81,370 | -€76,784 | -48.6% |
| Trade receivables | 40 | €151,987 | €72,844 | -€79,143 | -52.1% |
| Other amounts receivable | 41 | €6,166 | €8,526 | +€2,360 | +38.3% |
| Cash at bank and in hand | 54/58 | €15,386 | €99,064 | +€83,677 | +544% |
| Total equity and liabilities | 10/49 | €856,368 | €840,171 | -€16,196 | -1.9% |
| Equity | 10/15 | €317,917 | €333,323 | +€15,406 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €117,360 | €132,766 | +€15,406 | +13.1% |
| Non-distributable reserves | 130/1 | €24,360 | €24,360 | = | 0.0% |
| Legal reserve | 130 | €24,360 | €24,360 | = | 0.0% |
| Distributable reserves | 133 | €93,000 | €108,406 | +€15,406 | +16.6% |
| Profit (loss) carried forward | 14 | €194,357 | €194,357 | = | 0.0% |
| Amounts payable | 17/49 | €538,450 | €506,848 | -€31,602 | -5.9% |
| Amounts payable after more than one year | 17 | €329,124 | €427,720 | +€98,597 | +30.0% |
| Financial debts | 170/4 | €329,124 | €427,720 | +€98,597 | +30.0% |
| Amounts payable within one year | 42/48 | €209,327 | €79,128 | -€130,199 | -62.2% |
| Current portion of amounts payable after more than one year | 42 | €43,137 | €40,642 | -€2,495 | -5.8% |
| Trade debts | 44 | €157,670 | €30,386 | -€127,284 | -80.7% |
| Suppliers | 440/4 | €157,670 | €30,386 | -€127,284 | -80.7% |
| Taxes, remuneration and social security | 45 | €3,605 | €4,144 | +€539 | +14.9% |
| Taxes | 450/3 | - | €4,144 | +€4,144 | |
| Remuneration and social security | 454/9 | €3,605 | - | -€3,605 | |
| Other amounts payable | 47/48 | €4,914 | €3,955 | -€960 | -19.5% |
| Non-recurring operating income | 76A | - | €383,659 | +€383,659 | |
| Remuneration, social security and pensions | 62 | €120,728 | €4,672 | -€116,056 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,365 | €24,943 | -€15,422 | -38.2% |
| Other operating charges | 640/8 | €5,593 | €62,255 | +€56,662 | +1,013% |
| Gross operating margin | 9900 | €45,484 | €164,658 | +€119,174 | +262% |
| Operating profit (loss) | 9901 | -€121,203 | €72,787 | +€193,990 | |
| Financial income | 75/76B | €74 | €5 | -€69 | -93.3% |
| Recurring financial income | 75 | €74 | €5 | -€69 | -93.3% |
| Financial charges | 65/66B | €17,551 | €50,954 | +€33,403 | +190% |
| Recurring financial charges | 65 | €17,551 | €28,667 | +€11,117 | +63.3% |
| Non-recurring financial charges | 66B | - | €22,286 | +€22,286 | |
| Profit (loss) for the period before taxes | 9903 | -€138,680 | €21,838 | +€160,518 | |
| Income taxes | 67/77 | €10,177 | €6,432 | -€3,745 | -36.8% |
| Profit (loss) for the period | 9904 | -€148,857 | €15,406 | +€164,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€148,857 | €15,406 | +€164,263 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.