BUMA: 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.
BUMA
Largest movements
- Current investments +€750,000
up €750,000 (+150.0%), from €500,000 to €1.3m
- Receivables within one year -€77,343
down €77,343 (-98.1%), from €78,875 to €1,533
of which Other amounts receivable: -€65,545
- Cash -€55,399
down €55,399 (-67.3%), from €82,337 to €26,938
mainly Current investments (-€750,000) and Other debts (-€29,237)
- Tangible fixed assets -€20,032
down €20,032 (-4.6%), from €433,223 to €413,191
of which Land and buildings: -€19,194
- Reserves +€394,000
up €394,000 (+41.7%), from €944,000 to €1.3m
- Debts after one year +€200,000
up €200,000 (+3423.2%), from €5,843 to €205,843
of which Financial debts: +€200,000
- Tax, wage and social debts +€31,819
up €31,819 (+312.0%), from €10,200 to €42,019
- Other debts -€29,237
down €29,237 (-24.6%), from €118,686 to €89,449
- Gross operating margin +€124,140
up €124,140 (+30.9%), from €402,056 to €526,196
- Other operating charges -€50,476
down €50,476 (-95.2%), from €52,999 to €2,523
- Taxes +€29,247
up €29,247 (+31.2%), from €93,681 to €122,929
- Financial income +€16,452
up €16,452 (+195.0%), from €8,438 to €24,890
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 | €1,095,866 | €1,692,577 | +€596,711 | +54.5% |
| Fixed assets | 21/28 | €433,223 | €413,191 | -€20,032 | -4.6% |
| Tangible fixed assets | 22/27 | €433,223 | €413,191 | -€20,032 | -4.6% |
| Land and buildings | 22 | €430,370 | €411,176 | -€19,194 | -4.5% |
| Plant, machinery and equipment | 23 | - | €2,015 | +€2,015 | |
| Furniture and vehicles | 24 | €2,853 | €0 | -€2,853 | -100.0% |
| Current assets | 29/58 | €662,643 | €1,279,386 | +€616,743 | +93.1% |
| Amounts receivable within one year | 40/41 | €78,875 | €1,533 | -€77,343 | -98.1% |
| Trade receivables | 40 | €13,330 | €1,533 | -€11,798 | -88.5% |
| Other amounts receivable | 41 | €65,545 | - | -€65,545 | |
| Current investments | 50/53 | €500,000 | €1,250,000 | +€750,000 | +150.0% |
| Cash at bank and in hand | 54/58 | €82,337 | €26,938 | -€55,399 | -67.3% |
| Deferred charges and accrued income | 490/1 | €1,430 | €915 | -€515 | -36.0% |
| Total equity and liabilities | 10/49 | €1,095,866 | €1,692,577 | +€596,711 | +54.5% |
| Equity | 10/15 | €947,770 | €1,341,041 | +€393,270 | +41.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €944,000 | €1,338,000 | +€394,000 | +41.7% |
| Distributable reserves | 133 | €944,000 | €1,338,000 | +€394,000 | +41.7% |
| Profit (loss) carried forward | 14 | €770 | €41 | -€730 | -94.7% |
| Amounts payable | 17/49 | €148,096 | €351,536 | +€203,441 | +137.4% |
| Amounts payable after more than one year | 17 | €5,843 | €205,843 | +€200,000 | +3423.2% |
| Financial debts | 170/4 | - | €200,000 | +€200,000 | |
| Other amounts payable | 178/9 | €5,843 | €5,843 | = | 0.0% |
| Amounts payable within one year | 42/48 | €135,425 | €134,999 | -€426 | -0.3% |
| Trade debts | 44 | €6,284 | €2,261 | -€4,023 | -64.0% |
| Suppliers | 440/4 | €6,284 | €2,261 | -€4,023 | -64.0% |
| Advances received on contracts in progress | 46 | €255 | €1,269 | +€1,014 | +397.8% |
| Taxes, remuneration and social security | 45 | €10,200 | €42,019 | +€31,819 | +312.0% |
| Taxes | 450/3 | €10,200 | €42,019 | +€31,819 | +312.0% |
| Other amounts payable | 47/48 | €118,686 | €89,449 | -€29,237 | -24.6% |
| Accrued charges and deferred income | 492/3 | €6,828 | €10,695 | +€3,867 | +56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,746 | €22,375 | +€3,628 | +19.4% |
| Other operating charges | 640/8 | €52,999 | €2,523 | -€50,476 | -95.2% |
| Gross operating margin | 9900 | €402,056 | €526,196 | +€124,140 | +30.9% |
| Operating profit (loss) | 9901 | €330,311 | €501,298 | +€170,987 | +51.8% |
| Financial income | 75/76B | €8,438 | €24,890 | +€16,452 | +195.0% |
| Recurring financial income | 75 | €8,438 | €24,890 | +€16,452 | +195.0% |
| Financial charges | 65/66B | €6,503 | €9,989 | +€3,486 | +53.6% |
| Recurring financial charges | 65 | €6,503 | €9,989 | +€3,486 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €332,245 | €516,199 | +€183,954 | +55.4% |
| Income taxes | 67/77 | €93,681 | €122,929 | +€29,247 | +31.2% |
| Profit (loss) for the period | 9904 | €238,564 | €393,270 | +€154,706 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €238,564 | €393,270 | +€154,706 | +64.8% |
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 9 October 2026 via checked.be.