BUEL: 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.
BUEL
Largest movements
- Tangible fixed assets -€12,292
down €12,292 (-7.4%), from €165,083 to €152,792
of which Land and buildings: -€12,292
- Cash +€10,323
up €10,323 (+25.0%), from €41,313 to €51,636
mainly Depreciation (+€12,292) and Accrued charges and deferred income (+€672)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€3,521
up €3,521 (+32.7%), from €10,760 to €14,282
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 | €206,442 | €204,501 | -€1,941 | -0.9% |
| Fixed assets | 21/28 | €165,083 | €152,792 | -€12,292 | -7.4% |
| Tangible fixed assets | 22/27 | €165,083 | €152,792 | -€12,292 | -7.4% |
| Land and buildings | 22 | €165,083 | €152,792 | -€12,292 | -7.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €41,359 | €51,710 | +€10,351 | +25.0% |
| Amounts receivable within one year | 40/41 | €46 | €74 | +€28 | +61.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €46 | €74 | +€28 | +61.2% |
| Cash at bank and in hand | 54/58 | €41,313 | €51,636 | +€10,323 | +25.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €206,442 | €204,501 | -€1,941 | -0.9% |
| Equity | 10/15 | €42,714 | €41,602 | -€1,112 | -2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,800 | €1,900 | -€1,900 | -50.0% |
| Reserves | 13 | €34,200 | €36,100 | +€1,900 | +5.6% |
| Distributable reserves | 133 | €34,200 | €36,100 | +€1,900 | +5.6% |
| Profit (loss) carried forward | 14 | -€57,286 | -€58,398 | -€1,112 | -1.9% |
| Amounts payable | 17/49 | €163,728 | €162,899 | -€828 | -0.5% |
| Amounts payable within one year | 42/48 | €163,728 | €162,228 | -€1,500 | -0.9% |
| Trade debts | 44 | €384 | €384 | = | 0.0% |
| Suppliers | 440/4 | €384 | €384 | = | 0.0% |
| Other amounts payable | 47/48 | €163,343 | €161,843 | -€1,500 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €672 | +€672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,346 | €12,292 | -€54 | -0.4% |
| Other operating charges | 640/8 | €3,075 | €3,148 | +€73 | +2.4% |
| Gross operating margin | 9900 | €10,760 | €14,282 | +€3,521 | +32.7% |
| Operating profit (loss) | 9901 | -€4,660 | -€1,158 | +€3,502 | +75.2% |
| Financial income | 75/76B | €152 | €245 | +€93 | +61.2% |
| Recurring financial income | 75 | €152 | €245 | +€93 | +61.2% |
| Financial charges | 65/66B | €154 | €199 | +€46 | +29.6% |
| Recurring financial charges | 65 | €154 | €199 | +€46 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,662 | -€1,112 | +€3,550 | +76.1% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€4,662 | -€1,112 | +€3,550 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,662 | -€1,112 | +€3,550 | +76.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.