BUKAS: 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.
BUKAS
Largest movements
- Tangible fixed assets +€122,106
up €122,106 (+979.7%), from €12,464 to €134,570
of which Plant, machinery and equipment: +€101,215
- Cash +€83,104
up €83,104 (+13465.7%), from €617 to €83,721
mainly Debts after one year (+€64,446) and Trade debts (+€57,012)
- Stocks and contracts +€42,960
new in 2025: €42,960
- Receivables within one year +€3,099
up €3,099 (+115.2%), from €2,691 to €5,791
of which Trade receivables: +€3,194
- Debts after one year +€64,446
new in 2025: €64,446
- Trade debts +€57,012
up €57,012 (+2297.5%), from €2,482 to €59,494
- Other debts +€53,294
up €53,294 (+464.1%), from €11,483 to €64,778
- Tax, wage and social debts +€40,213
new in 2025: €40,213
of which Remuneration and social security: +€35,686
- Current portion of long-term debt +€31,358
new in 2025: €31,358
- Gross operating margin +€334,872
up €334,872 (+321282.0%), from €104 to €334,976
- Staff costs +€284,134
new in 2025: €284,134
- Financial charges +€22,338
up €22,338 (+7347.8%), from €304 to €22,642
- Depreciation +€17,356
up €17,356 (+603.5%), from €2,876 to €20,232
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 | €16,144 | €268,534 | +€252,390 | +1563.4% |
| Fixed assets | 21/28 | €12,464 | €134,570 | +€122,106 | +979.7% |
| Tangible fixed assets | 22/27 | €12,464 | €134,570 | +€122,106 | +979.7% |
| Land and buildings | 22 | €11,328 | - | -€11,328 | |
| Plant, machinery and equipment | 23 | - | €101,215 | +€101,215 | |
| Furniture and vehicles | 24 | €1,136 | €8,980 | +€7,844 | +690.7% |
| Other tangible fixed assets | 26 | - | €24,375 | +€24,375 | |
| Current assets | 29/58 | €3,680 | €133,964 | +€130,283 | +3539.9% |
| Stocks and contracts in progress | 3 | - | €42,960 | +€42,960 | |
| Stocks | 30/36 | - | €42,960 | +€42,960 | |
| Amounts receivable within one year | 40/41 | €2,691 | €5,791 | +€3,099 | +115.2% |
| Trade receivables | 40 | €0 | €3,194 | +€3,194 | |
| Other amounts receivable | 41 | €2,691 | €2,597 | -€94 | -3.5% |
| Cash at bank and in hand | 54/58 | €617 | €83,721 | +€83,104 | +13465.7% |
| Deferred charges and accrued income | 490/1 | €372 | €1,492 | +€1,120 | +301.1% |
| Total equity and liabilities | 10/49 | €16,144 | €268,534 | +€252,390 | +1563.4% |
| Equity | 10/15 | €2,006 | €8,246 | +€6,240 | +311.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,994 | €3,246 | +€6,240 | |
| Amounts payable | 17/49 | €14,138 | €260,288 | +€246,150 | +1741.1% |
| Amounts payable after more than one year | 17 | - | €64,446 | +€64,446 | |
| Financial debts | 170/4 | - | €64,446 | +€64,446 | |
| Amounts payable within one year | 42/48 | €13,965 | €195,842 | +€181,877 | +1302.4% |
| Current portion of amounts payable after more than one year | 42 | - | €31,358 | +€31,358 | |
| Trade debts | 44 | €2,482 | €59,494 | +€57,012 | +2297.5% |
| Suppliers | 440/4 | €2,482 | €59,494 | +€57,012 | +2297.5% |
| Taxes, remuneration and social security | 45 | - | €40,213 | +€40,213 | |
| Taxes | 450/3 | - | €4,526 | +€4,526 | |
| Remuneration and social security | 454/9 | - | €35,686 | +€35,686 | |
| Other amounts payable | 47/48 | €11,483 | €64,778 | +€53,294 | +464.1% |
| Accrued charges and deferred income | 492/3 | €173 | - | -€173 | |
| Remuneration, social security and pensions | 62 | - | €284,134 | +€284,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,876 | €20,232 | +€17,356 | +603.5% |
| Gross operating margin | 9900 | €104 | €334,976 | +€334,872 | +321282.0% |
| Operating profit (loss) | 9901 | -€2,772 | €30,610 | +€33,382 | |
| Financial income | 75/76B | €82 | €1 | -€81 | -98.4% |
| Recurring financial income | 75 | €82 | €1 | -€81 | -98.4% |
| Financial charges | 65/66B | €304 | €22,642 | +€22,338 | +7347.8% |
| Recurring financial charges | 65 | €304 | €22,642 | +€22,338 | +7347.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,994 | €7,970 | +€10,963 | |
| Income taxes | 67/77 | - | €1,730 | +€1,730 | |
| Profit (loss) for the period | 9904 | -€2,994 | €6,240 | +€9,233 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,994 | €6,240 | +€9,233 |
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 3 October 2026 via checked.be.