BUTEOCOM: 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.
BUTEOCOM
Largest movements
- Cash -€24,130
down €24,130 (-52.2%), from €46,242 to €22,112
mainly Contributions, distributions and other (-€42,210) and Tax, wage and social debts (-€8,867)
- Receivables within one year +€3,582
up €3,582 (+134.2%), from €2,670 to €6,251
of which Other amounts receivable: +€3,082
- Tangible fixed assets -€2,406
down €2,406 (-17.7%), from €13,570 to €11,164
of which Plant, machinery and equipment: -€1,515
- Reserves -€37,428
down €37,428 (-91.7%), from €40,818 to €3,390
- Other debts +€25,231
up €25,231 (+1191.5%), from €2,118 to €27,349
- Tax, wage and social debts -€8,867
down €8,867 (-72.8%), from €12,175 to €3,307
- Trade debts -€1,890
down €1,890 (-43.2%), from €4,371 to €2,482
- Gross operating margin -€5,081
down €5,081 (-35.5%), from €14,313 to €9,232
- Taxes -€1,592
down €1,592 (-48.1%), from €3,307 to €1,716
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 | €62,482 | €39,528 | -€22,954 | -36.7% |
| Fixed assets | 21/28 | €13,570 | €11,164 | -€2,406 | -17.7% |
| Tangible fixed assets | 22/27 | €13,570 | €11,164 | -€2,406 | -17.7% |
| Plant, machinery and equipment | 23 | €12,075 | €10,561 | -€1,515 | -12.5% |
| Furniture and vehicles | 24 | €1,494 | €603 | -€891 | -59.6% |
| Current assets | 29/58 | €48,912 | €28,363 | -€20,548 | -42.0% |
| Amounts receivable within one year | 40/41 | €2,670 | €6,251 | +€3,582 | +134.2% |
| Trade receivables | 40 | €2,416 | €2,917 | +€500 | +20.7% |
| Other amounts receivable | 41 | €253 | €3,335 | +€3,082 | +1217.7% |
| Cash at bank and in hand | 54/58 | €46,242 | €22,112 | -€24,130 | -52.2% |
| Total equity and liabilities | 10/49 | €62,482 | €39,528 | -€22,954 | -36.7% |
| Equity | 10/15 | €43,818 | €6,390 | -€37,428 | -85.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,818 | €3,390 | -€37,428 | -91.7% |
| Distributable reserves | 133 | €40,818 | €3,390 | -€37,428 | -91.7% |
| Amounts payable | 17/49 | €18,664 | €33,138 | +€14,474 | +77.6% |
| Amounts payable within one year | 42/48 | €18,664 | €33,138 | +€14,474 | +77.6% |
| Trade debts | 44 | €4,371 | €2,482 | -€1,890 | -43.2% |
| Suppliers | 440/4 | €4,371 | €2,482 | -€1,890 | -43.2% |
| Taxes, remuneration and social security | 45 | €12,175 | €3,307 | -€8,867 | -72.8% |
| Taxes | 450/3 | €12,175 | €3,307 | -€8,867 | -72.8% |
| Other amounts payable | 47/48 | €2,118 | €27,349 | +€25,231 | +1191.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,406 | €2,406 | = | 0.0% |
| Other operating charges | 640/8 | €217 | €219 | +€2 | +0.9% |
| Gross operating margin | 9900 | €14,313 | €9,232 | -€5,081 | -35.5% |
| Operating profit (loss) | 9901 | €11,690 | €6,607 | -€5,083 | -43.5% |
| Financial income | 75/76B | €0 | €61 | +€61 | +14473.8% |
| Recurring financial income | 75 | €0 | €61 | +€61 | +14473.8% |
| Financial charges | 65/66B | €162 | €171 | +€9 | +5.5% |
| Recurring financial charges | 65 | €162 | €171 | +€9 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €11,528 | €6,497 | -€5,031 | -43.6% |
| Income taxes | 67/77 | €3,307 | €1,716 | -€1,592 | -48.1% |
| Profit (loss) for the period | 9904 | €8,221 | €4,782 | -€3,439 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,221 | €4,782 | -€3,439 | -41.8% |
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.