BUK: 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.
BUK
Largest movements
- Receivables within one year +€105,739
up €105,739 (+55.2%), from €191,495 to €297,235
of which Other amounts receivable: +€62,716
- Cash -€92,303
down €92,303 (-39.3%), from €234,640 to €142,337
mainly Receivables within one year (-€105,739) and Trade debts (-€98,334)
- Tangible fixed assets -€26,655
down €26,655 (-25.0%), from €106,743 to €80,089
of which Furniture and vehicles: -€32,397
- Trade debts -€98,334
down €98,334 (-96.1%), from €102,369 to €4,035
- Other debts +€70,000
new in 2025: €70,000
- Profit (loss) carried forward +€30,428
up €30,428 (+10.6%), from €286,760 to €317,189
- Tax, wage and social debts -€14,266
down €14,266 (-17.2%), from €82,961 to €68,696
- Other operating charges +€19,593
up €19,593 (+506%), from €3,873 to €23,466
- Taxes +€14,805
up €14,805 (+54.4%), from €27,235 to €42,041
- Financial charges +€8,712
up €8,712 (+681%), from €1,280 to €9,992
- Write-downs -€8,325
no longer reported in 2025 (was €8,325)
- Gross operating margin -€7,062
down €7,062 (-5.5%), from €128,903 to €121,841
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 | €534,151 | €521,980 | -€12,171 | -2.3% |
| Fixed assets | 21/28 | €106,743 | €80,089 | -€26,655 | -25.0% |
| Tangible fixed assets | 22/27 | €106,743 | €80,089 | -€26,655 | -25.0% |
| Plant, machinery and equipment | 23 | €1,145 | €6,887 | +€5,742 | +501% |
| Furniture and vehicles | 24 | €105,598 | €73,201 | -€32,397 | -30.7% |
| Current assets | 29/58 | €427,407 | €441,891 | +€14,484 | +3.4% |
| Amounts receivable within one year | 40/41 | €191,495 | €297,235 | +€105,739 | +55.2% |
| Trade receivables | 40 | €118,836 | €161,860 | +€43,024 | +36.2% |
| Other amounts receivable | 41 | €72,659 | €135,375 | +€62,716 | +86.3% |
| Cash at bank and in hand | 54/58 | €234,640 | €142,337 | -€92,303 | -39.3% |
| Deferred charges and accrued income | 490/1 | €1,272 | €2,320 | +€1,047 | +82.3% |
| Total equity and liabilities | 10/49 | €534,151 | €521,980 | -€12,171 | -2.3% |
| Equity | 10/15 | €348,820 | €379,249 | +€30,428 | +8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,860 | €55,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €54,000 | €55,860 | +€1,860 | +3.4% |
| Profit (loss) carried forward | 14 | €286,760 | €317,189 | +€30,428 | +10.6% |
| Amounts payable | 17/49 | €185,330 | €142,731 | -€42,599 | -23.0% |
| Amounts payable within one year | 42/48 | €185,330 | €142,731 | -€42,599 | -23.0% |
| Trade debts | 44 | €102,369 | €4,035 | -€98,334 | -96.1% |
| Suppliers | 440/4 | €102,369 | €4,035 | -€98,334 | -96.1% |
| Taxes, remuneration and social security | 45 | €82,961 | €68,696 | -€14,266 | -17.2% |
| Taxes | 450/3 | €82,961 | €68,696 | -€14,266 | -17.2% |
| Other amounts payable | 47/48 | - | €70,000 | +€70,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,966 | €34,191 | +€4,225 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,325 | - | -€8,325 | |
| Other operating charges | 640/8 | €3,873 | €23,466 | +€19,593 | +506% |
| Gross operating margin | 9900 | €128,903 | €121,841 | -€7,062 | -5.5% |
| Operating profit (loss) | 9901 | €86,738 | €64,183 | -€22,555 | -26.0% |
| Financial charges | 65/66B | €1,280 | €9,992 | +€8,712 | +681% |
| Recurring financial charges | 65 | €1,280 | €9,992 | +€8,712 | +681% |
| Profit (loss) for the period before taxes | 9903 | €85,458 | €54,192 | -€31,267 | -36.6% |
| Income taxes | 67/77 | €27,235 | €42,041 | +€14,805 | +54.4% |
| Profit (loss) for the period | 9904 | €58,223 | €12,151 | -€46,072 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,223 | €12,151 | -€46,072 | -79.1% |
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 16 October 2026 via checked.be.