BUTCH HOLDING: 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.
What changed
BUTCH HOLDING
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€61,936
2024 · -€37,592-€24,345
Equity
€843,652
2024 · €905,588-€61,936
Cash
€39,501
2024 · €14,982+€24,519
Balance sheet total
€2.9m
2024 · €2.8m+€38,351
Largest movements
Assets
- Stocks and contracts +€73,562
up €73,562 (+8.1%), from €911,449 to €985,012
- Receivables within one year -€49,452
down €49,452 (-28.7%), from €172,267 to €122,814
of which Trade receivables: -€56,214
Equity and liabilities
- Other debts +€105,394
up €105,394 (+14.6%), from €722,538 to €827,932
- Reserves -€61,936
down €61,936 (-8.2%), from €755,588 to €693,652
of which Distributable reserves: -€61,936
Income statement
- Taxes -€29,647
down €29,647 (-100.0%), from €29,647 to €0
- Gross operating margin -€18,999
down €18,999 (-70.2%), from €27,056 to €8,057
- Financial charges +€14,753
up €14,753 (+50.4%), from €29,277 to €44,030
- Provisions +€14,000
up €14,000, from -€14,000 to €0
- Financial income +€1,024
up €1,024 (+87,507%), from €1 to €1,025
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.
Result 2024
-€37,592
Gross operating margin
-€18,999
Depreciation
+€816
Provisions
-€14,000
Other operating charges
+€40
Other operating items
-€8,118
Financial income
+€1,024
Financial charges
-€14,753
Taxes
+€29,647
Result 2025
-€61,936
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€11,025
Investment
€0
Financing
+€13,494
Cash 2024
€14,982
From operations (derived)
+€11,025
Net result for the year
-€61,936
Depreciation
+€9,951
Stocks and contracts
-€73,562
Receivables within one year
+€49,452
Deferred charges and accrued income
+€327
Trade debts
-€560
Tax, wage and social debts
-€26,801
Other debts
+€105,394
Accrued charges and deferred income
+€8,759
Financing
+€13,494
Debts after one year
-€4,608
Current portion of long-term debt
-€1,044
Short-term financial debts
+€19,146
Cash 2025
€39,501
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,819,462 | €2,857,813 | +€38,351 | +1.4% |
| Fixed assets | 21/28 | €1,720,142 | €1,710,191 | -€9,951 | -0.6% |
| Tangible fixed assets | 22/27 | €13,042 | €3,091 | -€9,951 | -76.3% |
| Plant, machinery and equipment | 23 | €710 | €492 | -€217 | -30.6% |
| Furniture and vehicles | 24 | €12,332 | €2,599 | -€9,734 | -78.9% |
| Financial fixed assets | 28 | €1,707,100 | €1,707,100 | = | 0.0% |
| Current assets | 29/58 | €1,099,320 | €1,147,622 | +€48,302 | +4.4% |
| Stocks and contracts in progress | 3 | €911,449 | €985,012 | +€73,562 | +8.1% |
| Stocks | 30/36 | €911,449 | €985,012 | +€73,562 | +8.1% |
| Amounts receivable within one year | 40/41 | €172,267 | €122,814 | -€49,452 | -28.7% |
| Trade receivables | 40 | €163,685 | €107,471 | -€56,214 | -34.3% |
| Other amounts receivable | 41 | €8,582 | €15,343 | +€6,762 | +78.8% |
| Cash at bank and in hand | 54/58 | €14,982 | €39,501 | +€24,519 | +164% |
| Deferred charges and accrued income | 490/1 | €623 | €296 | -€327 | -52.5% |
| Total equity and liabilities | 10/49 | €2,819,462 | €2,857,813 | +€38,351 | +1.4% |
| Equity | 10/15 | €905,588 | €843,652 | -€61,936 | -6.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €755,588 | €693,652 | -€61,936 | -8.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €755,588 | €693,652 | -€61,936 | -8.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €1,913,874 | €2,014,161 | +€100,287 | +5.2% |
| Amounts payable after more than one year | 17 | €672,313 | €667,705 | -€4,608 | -0.7% |
| Financial debts | 170/4 | €672,313 | €667,705 | -€4,608 | -0.7% |
| Amounts payable within one year | 42/48 | €1,201,442 | €1,297,578 | +€96,136 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €7,607 | €6,563 | -€1,044 | -13.7% |
| Financial debts | 43 | €396,286 | €415,432 | +€19,146 | +4.8% |
| Credit institutions | 430/8 | - | €1,432 | +€1,432 | |
| Other loans | 439 | €396,286 | €414,000 | +€17,714 | +4.5% |
| Trade debts | 44 | €32,733 | €32,174 | -€560 | -1.7% |
| Suppliers | 440/4 | €32,733 | €32,174 | -€560 | -1.7% |
| Taxes, remuneration and social security | 45 | €42,277 | €15,476 | -€26,801 | -63.4% |
| Taxes | 450/3 | €42,277 | €15,476 | -€26,801 | -63.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €722,538 | €827,932 | +€105,394 | +14.6% |
| Accrued charges and deferred income | 492/3 | €40,119 | €48,878 | +€8,759 | +21.8% |
| Non-recurring operating income | 76A | €6,519 | €0 | -€6,519 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,767 | €9,951 | -€816 | -7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,000 | €0 | +€14,000 | |
| Other operating charges | 640/8 | €6,987 | €6,947 | -€40 | -0.6% |
| Non-recurring operating charges | 66A | €1,971 | €10,089 | +€8,118 | +412% |
| Gross operating margin | 9900 | €27,056 | €8,057 | -€18,999 | -70.2% |
| Operating profit (loss) | 9901 | €21,331 | -€18,931 | -€40,262 | |
| Financial income | 75/76B | €1 | €1,025 | +€1,024 | +87,507% |
| Recurring financial income | 75 | €1 | €1,025 | +€1,024 | +87,507% |
| Financial charges | 65/66B | €29,277 | €44,030 | +€14,753 | +50.4% |
| Recurring financial charges | 65 | €29,277 | €44,030 | +€14,753 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,945 | -€61,936 | -€53,991 | -680% |
| Income taxes | 67/77 | €29,647 | €0 | -€29,647 | -100.0% |
| Profit (loss) for the period | 9904 | -€37,592 | -€61,936 | -€24,345 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,592 | -€61,936 | -€24,345 | -64.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.