BUTECH ENGINEERING: 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.
BUTECH ENGINEERING
Largest movements
- Receivables within one year +€48,419
up €48,419 (+54.9%), from €88,235 to €136,653
of which Trade receivables: +€36,486
- Tangible fixed assets -€24,240
down €24,240 (-9.9%), from €244,269 to €220,029
of which Furniture and vehicles: -€17,016
- Financial fixed assets +€15,000
up €15,000 (+61.4%), from €24,442 to €39,442
- Reserves +€100,000
up €100,000 (+5378.7%), from €1,859 to €101,859
of which Distributable reserves: +€100,000
- Short-term financial debts +€35,082
up €35,082 (+5068.9%), from €692 to €35,774
- Other debts -€35,000
no longer reported in 2025 (was €35,000)
- Tax, wage and social debts -€34,935
down €34,935 (-56.0%), from €62,379 to €27,444
- Trade debts -€14,177
down €14,177 (-74.1%), from €19,124 to €4,947
- Gross operating margin +€23,688
up €23,688 (+15.7%), from €150,995 to €174,682
- Depreciation +€8,648
up €8,648 (+51.5%), from €16,782 to €25,430
- Taxes +€5,984
up €5,984 (+16.1%), from €37,261 to €43,245
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 | €397,308 | €435,653 | +€38,345 | +9.7% |
| Fixed assets | 21/28 | €268,711 | €259,471 | -€9,240 | -3.4% |
| Tangible fixed assets | 22/27 | €244,269 | €220,029 | -€24,240 | -9.9% |
| Land and buildings | 22 | €184,324 | €177,473 | -€6,851 | -3.7% |
| Plant, machinery and equipment | 23 | €908 | €534 | -€374 | -41.2% |
| Furniture and vehicles | 24 | €59,037 | €42,022 | -€17,016 | -28.8% |
| Financial fixed assets | 28 | €24,442 | €39,442 | +€15,000 | +61.4% |
| Current assets | 29/58 | €128,597 | €176,183 | +€47,586 | +37.0% |
| Stocks and contracts in progress | 3 | €33,410 | €34,162 | +€752 | +2.3% |
| Stocks | 30/36 | €33,410 | €34,162 | +€752 | +2.3% |
| Amounts receivable within one year | 40/41 | €88,235 | €136,653 | +€48,419 | +54.9% |
| Trade receivables | 40 | €53,170 | €89,656 | +€36,486 | +68.6% |
| Other amounts receivable | 41 | €35,065 | €46,997 | +€11,932 | +34.0% |
| Cash at bank and in hand | 54/58 | €1 | - | -€1 | |
| Deferred charges and accrued income | 490/1 | €6,951 | €5,367 | -€1,584 | -22.8% |
| Total equity and liabilities | 10/49 | €397,308 | €435,653 | +€38,345 | +9.7% |
| Equity | 10/15 | €191,767 | €291,787 | +€100,020 | +52.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €101,859 | +€100,000 | +5378.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | €171,315 | €171,336 | +€20 | 0.0% |
| Amounts payable | 17/49 | €205,541 | €143,867 | -€61,675 | -30.0% |
| Amounts payable after more than one year | 17 | €45,477 | €33,698 | -€11,779 | -25.9% |
| Financial debts | 170/4 | €45,477 | €33,698 | -€11,779 | -25.9% |
| Amounts payable within one year | 42/48 | €160,064 | €109,944 | -€50,120 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €42,869 | €41,779 | -€1,090 | -2.5% |
| Financial debts | 43 | €692 | €35,774 | +€35,082 | +5068.9% |
| Credit institutions | 430/8 | €692 | €35,774 | +€35,082 | +5068.9% |
| Trade debts | 44 | €19,124 | €4,947 | -€14,177 | -74.1% |
| Suppliers | 440/4 | €19,124 | €4,947 | -€14,177 | -74.1% |
| Taxes, remuneration and social security | 45 | €62,379 | €27,444 | -€34,935 | -56.0% |
| Taxes | 450/3 | €62,379 | €27,444 | -€34,935 | -56.0% |
| Other amounts payable | 47/48 | €35,000 | - | -€35,000 | |
| Accrued charges and deferred income | 492/3 | - | €225 | +€225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,782 | €25,430 | +€8,648 | +51.5% |
| Other operating charges | 640/8 | €1,336 | €1,431 | +€94 | +7.1% |
| Non-recurring operating charges | 66A | €651 | €1,286 | +€636 | +97.7% |
| Gross operating margin | 9900 | €150,995 | €174,682 | +€23,688 | +15.7% |
| Operating profit (loss) | 9901 | €132,226 | €146,536 | +€14,310 | +10.8% |
| Financial income | 75/76B | €1,995 | €2,186 | +€192 | +9.6% |
| Recurring financial income | 75 | €1,995 | €2,186 | +€192 | +9.6% |
| Financial charges | 65/66B | €4,342 | €5,457 | +€1,114 | +25.7% |
| Recurring financial charges | 65 | €4,342 | €5,457 | +€1,114 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €129,878 | €143,265 | +€13,387 | +10.3% |
| Income taxes | 67/77 | €37,261 | €43,245 | +€5,984 | +16.1% |
| Profit (loss) for the period | 9904 | €92,617 | €100,020 | +€7,403 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,617 | €100,020 | +€7,403 | +8.0% |
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 8 October 2026 via checked.be.