BUO S.A.: 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.
BUO S.A.
Largest movements
- Current investments -€80,686
down €80,686 (-88.0%), from €91,679 to €10,993
- Receivables after one year -€21,873
down €21,873 (-12.1%), from €181,331 to €159,457
- Deferred charges and accrued income -€20,815
down €20,815 (-6.7%), from €311,154 to €290,339
- Receivables within one year -€20,464
no longer reported in 2025 (was €20,464)
of which Other amounts receivable: -€19,251
- Intangible fixed assets +€20,000
new in 2025: €20,000
- Tax, wage and social debts -€96,866
down €96,866 (-94.5%), from €102,506 to €5,640
of which Taxes: -€97,931
- Profit (loss) carried forward -€41,669
down €41,669 (-186%), from -€22,351 to -€64,021
- Taxes -€99,521
down €99,521, from €98,613 to -€908
- Gross operating margin +€63,437
up €63,437 (+72.8%), from -€87,140 to -€23,703
- Turnover +€14,100
new in 2025: €14,100
- Depreciation +€5,000
up €5,000 (+1,236%), from €404 to €5,404
- Financial income +€2,490
up €2,490 (+11.6%), from €21,452 to €23,943
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 | €630,565 | €495,855 | -€134,711 | -21.4% |
| Fixed assets | 21/28 | €1,708 | €21,304 | +€19,596 | +1,147% |
| Intangible fixed assets | 21 | - | €20,000 | +€20,000 | |
| Tangible fixed assets | 22/27 | €1,213 | €809 | -€404 | -33.3% |
| Furniture and vehicles | 24 | €1,213 | €809 | -€404 | -33.3% |
| Financial fixed assets | 28 | €495 | €495 | = | 0.0% |
| Current assets | 29/58 | €628,857 | €474,551 | -€154,306 | -24.5% |
| Amounts receivable after more than one year | 29 | €181,331 | €159,457 | -€21,873 | -12.1% |
| Other amounts receivable | 291 | €181,331 | €159,457 | -€21,873 | -12.1% |
| Amounts receivable within one year | 40/41 | €20,464 | - | -€20,464 | |
| Trade receivables | 40 | €1,213 | - | -€1,213 | |
| Other amounts receivable | 41 | €19,251 | - | -€19,251 | |
| Current investments | 50/53 | €91,679 | €10,993 | -€80,686 | -88.0% |
| Cash at bank and in hand | 54/58 | €24,230 | €13,762 | -€10,468 | -43.2% |
| Deferred charges and accrued income | 490/1 | €311,154 | €290,339 | -€20,815 | -6.7% |
| Total equity and liabilities | 10/49 | €630,565 | €495,855 | -€134,711 | -21.4% |
| Equity | 10/15 | €527,649 | €485,979 | -€41,669 | -7.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,351 | -€64,021 | -€41,669 | -186% |
| Amounts payable | 17/49 | €102,917 | €9,875 | -€93,041 | -90.4% |
| Amounts payable within one year | 42/48 | €102,917 | €9,875 | -€93,041 | -90.4% |
| Trade debts | 44 | €411 | €3,562 | +€3,152 | +768% |
| Suppliers | 440/4 | €411 | €3,562 | +€3,152 | +768% |
| Taxes, remuneration and social security | 45 | €102,506 | €5,640 | -€96,866 | -94.5% |
| Taxes | 450/3 | €98,151 | €220 | -€97,931 | -99.8% |
| Remuneration and social security | 454/9 | €4,355 | €5,420 | +€1,065 | +24.4% |
| Other amounts payable | 47/48 | - | €673 | +€673 | |
| Turnover | 70 | - | €14,100 | +€14,100 | |
| Non-recurring operating income | 76A | €12,980 | €5,133 | -€7,847 | -60.5% |
| Remuneration, social security and pensions | 62 | €30,919 | €32,537 | +€1,618 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404 | €5,404 | +€5,000 | +1,236% |
| Other operating charges | 640/8 | €1,563 | €2,446 | +€884 | +56.6% |
| Gross operating margin | 9900 | -€87,140 | -€23,703 | +€63,437 | +72.8% |
| Operating profit (loss) | 9901 | -€120,026 | -€64,091 | +€55,935 | +46.6% |
| Financial income | 75/76B | €21,452 | €23,943 | +€2,490 | +11.6% |
| Recurring financial income | 75 | €21,452 | €23,943 | +€2,490 | +11.6% |
| Financial charges | 65/66B | €1,586 | €2,429 | +€843 | +53.2% |
| Recurring financial charges | 65 | €1,586 | €2,429 | +€843 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | -€100,159 | -€42,577 | +€57,582 | +57.5% |
| Income taxes | 67/77 | €98,613 | -€908 | -€99,521 | |
| Profit (loss) for the period | 9904 | -€198,772 | -€41,669 | +€157,103 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€198,772 | -€41,669 | +€157,103 | +79.0% |
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 14 October 2026 via checked.be.