BÜHLER: 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.
BÜHLER
Largest movements
- Tangible fixed assets -€6,337
down €6,337 (-33.5%), from €18,926 to €12,588
of which Furniture and vehicles: -€10,960
- Receivables within one year +€1,072
up €1,072 (+21.4%), from €5,000 to €6,072
- Profit (loss) carried forward -€4,326
down €4,326 (-30.5%), from €14,189 to €9,863
- Trade debts -€933
down €933 (-50.2%), from €1,859 to €927
- Gross operating margin -€2,010
down €2,010 (-20.2%), from €9,961 to €7,951
- Depreciation +€371
up €371 (+3.3%), from €11,232 to €11,603
- Other operating charges +€169
up €169 (+22.8%), from €743 to €912
- Financial income +€165
up €165 (+24.2%), from €680 to €844
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 | €83,058 | €78,299 | -€4,759 | -5.7% |
| Fixed assets | 21/28 | €18,926 | €12,588 | -€6,337 | -33.5% |
| Tangible fixed assets | 22/27 | €18,926 | €12,588 | -€6,337 | -33.5% |
| Land and buildings | 22 | €0 | €4,623 | +€4,623 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €18,926 | €7,965 | -€10,960 | -57.9% |
| Current assets | 29/58 | €64,132 | €65,711 | +€1,578 | +2.5% |
| Stocks and contracts in progress | 3 | €974 | €518 | -€456 | -46.8% |
| Stocks | 30/36 | €974 | €518 | -€456 | -46.8% |
| Amounts receivable within one year | 40/41 | €5,000 | €6,072 | +€1,072 | +21.4% |
| Other amounts receivable | 41 | €5,000 | €6,072 | +€1,072 | +21.4% |
| Current investments | 50/53 | €55,960 | €56,684 | +€723 | +1.3% |
| Cash at bank and in hand | 54/58 | €18 | €206 | +€188 | +1039.6% |
| Deferred charges and accrued income | 490/1 | €2,180 | €2,231 | +€51 | +2.3% |
| Total equity and liabilities | 10/49 | €83,058 | €78,299 | -€4,759 | -5.7% |
| Equity | 10/15 | €79,649 | €75,323 | -€4,326 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,860 | €46,860 | = | 0.0% |
| Distributable reserves | 133 | €46,860 | €46,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,189 | €9,863 | -€4,326 | -30.5% |
| Amounts payable | 17/49 | €3,409 | €2,976 | -€433 | -12.7% |
| Amounts payable within one year | 42/48 | €3,409 | €2,976 | -€433 | -12.7% |
| Trade debts | 44 | €1,859 | €927 | -€933 | -50.2% |
| Suppliers | 440/4 | €1,859 | €927 | -€933 | -50.2% |
| Taxes, remuneration and social security | 45 | €1,091 | €1,591 | +€500 | +45.9% |
| Taxes | 450/3 | €500 | €1,000 | +€500 | +100.0% |
| Remuneration and social security | 454/9 | €591 | €591 | = | 0.0% |
| Other amounts payable | 47/48 | €459 | €459 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €515 | €509 | -€5 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,232 | €11,603 | +€371 | +3.3% |
| Other operating charges | 640/8 | €743 | €912 | +€169 | +22.8% |
| Gross operating margin | 9900 | €9,961 | €7,951 | -€2,010 | -20.2% |
| Operating profit (loss) | 9901 | -€2,528 | -€5,073 | -€2,545 | -100.7% |
| Financial income | 75/76B | €680 | €844 | +€165 | +24.2% |
| Recurring financial income | 75 | €680 | €844 | +€165 | +24.2% |
| Financial charges | 65/66B | €142 | €97 | -€45 | -31.7% |
| Recurring financial charges | 65 | €142 | €97 | -€45 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,990 | -€4,326 | -€2,335 | -117.3% |
| Profit (loss) for the period | 9904 | -€1,990 | -€4,326 | -€2,335 | -117.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,990 | -€4,326 | -€2,335 | -117.3% |
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 7 October 2026 via checked.be.