BUHARA: 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.
BUHARA
Largest movements
- Current investments +€1.2m
up €1.2m (+49.2%), from €2.3m to €3.5m
- Cash -€983,856
down €983,856 (-39.7%), from €2.5m to €1.5m
mainly Current investments (-€1.2m) and Receivables within one year (-€268,830)
- Receivables within one year +€268,830
up €268,830 (+29.7%), from €905,000 to €1.2m
of which Other amounts receivable: +€215,000
- Financial fixed assets -€102,000
down €102,000 (-96.0%), from €106,213 to €4,213
- Stocks and contracts +€92,760
up €92,760 (+17.2%), from €537,791 to €630,552
- Profit (loss) carried forward +€341,426
up €341,426 (+5.7%), from €6.0m to €6.3m
- Gross operating margin -€112,450
down €112,450, from €56,361 to -€56,089
- Financial income -€107,689
down €107,689 (-14.8%), from €728,812 to €621,123
- Taxes +€36,784
up €36,784 (+144%), from €25,500 to €62,284
- Staff costs +€20,857
up €20,857 (+19.5%), from €106,691 to €127,548
- Other operating charges -€10,073
down €10,073 (-46.9%), from €21,472 to €11,399
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.
Derived cash bridge
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 | €6,370,450 | €6,795,334 | +€424,884 | +6.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €109,061 | €5,002 | -€104,060 | -95.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,849 | €789 | -€2,060 | -72.3% |
| Plant, machinery and equipment | 23 | €2,849 | €789 | -€2,060 | -72.3% |
| Financial fixed assets | 28 | €106,213 | €4,213 | -€102,000 | -96.0% |
| Current assets | 29/58 | €6,261,388 | €6,790,332 | +€528,944 | +8.4% |
| Stocks and contracts in progress | 3 | €537,791 | €630,552 | +€92,760 | +17.2% |
| Stocks | 30/36 | €537,791 | €630,552 | +€92,760 | +17.2% |
| Amounts receivable within one year | 40/41 | €905,000 | €1,173,830 | +€268,830 | +29.7% |
| Trade receivables | 40 | - | €53,830 | +€53,830 | |
| Other amounts receivable | 41 | €905,000 | €1,120,000 | +€215,000 | +23.8% |
| Current investments | 50/53 | €2,338,103 | €3,489,313 | +€1.2m | +49.2% |
| Cash at bank and in hand | 54/58 | €2,480,494 | €1,496,638 | -€983,856 | -39.7% |
| Total equity and liabilities | 10/49 | €6,370,450 | €6,795,334 | +€424,884 | +6.7% |
| Equity | 10/15 | €6,232,482 | €6,573,908 | +€341,426 | +5.5% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Distributable reserves | 133 | €21,860 | €21,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,992,022 | €6,333,448 | +€341,426 | +5.7% |
| Amounts payable | 17/49 | €137,968 | €221,426 | +€83,458 | +60.5% |
| Amounts payable within one year | 42/48 | €137,968 | €221,426 | +€83,458 | +60.5% |
| Trade debts | 44 | €13,291 | €58,063 | +€44,772 | +337% |
| Suppliers | 440/4 | €13,291 | €58,063 | +€44,772 | +337% |
| Advances received on contracts in progress | 46 | €83,508 | €104,967 | +€21,459 | +25.7% |
| Taxes, remuneration and social security | 45 | €41,169 | €58,397 | +€17,227 | +41.8% |
| Taxes | 450/3 | €28,126 | €32,650 | +€4,524 | +16.1% |
| Remuneration and social security | 454/9 | €13,043 | €25,747 | +€12,703 | +97.4% |
| Remuneration, social security and pensions | 62 | €106,691 | €127,548 | +€20,857 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,980 | €2,060 | -€920 | -30.9% |
| Other operating charges | 640/8 | €21,472 | €11,399 | -€10,073 | -46.9% |
| Gross operating margin | 9900 | €56,361 | -€56,089 | -€112,450 | |
| Operating profit (loss) | 9901 | -€74,782 | -€197,095 | -€122,313 | -164% |
| Financial income | 75/76B | €728,812 | €621,123 | -€107,689 | -14.8% |
| Recurring financial income | 75 | €728,812 | €621,123 | -€107,689 | -14.8% |
| Financial charges | 65/66B | €18,570 | €20,318 | +€1,748 | +9.4% |
| Recurring financial charges | 65 | €18,570 | €20,318 | +€1,748 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €635,460 | €403,710 | -€231,750 | -36.5% |
| Income taxes | 67/77 | €25,500 | €62,284 | +€36,784 | +144% |
| Profit (loss) for the period | 9904 | €609,961 | €341,426 | -€268,534 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €609,961 | €341,426 | -€268,534 | -44.0% |
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 24 October 2026 via checked.be.