BUTERFLY: 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.
BUTERFLY
Largest movements
- Tangible fixed assets -€2,650
down €2,650 (-24.0%), from €11,057 to €8,406
of which Land and buildings: -€1,831
- Cash +€1,417
up €1,417 (+6.0%), from €23,756 to €25,173
mainly Depreciation (+€2,650) and Tax, wage and social debts (+€751)
- Trade debts -€2,190
down €2,190 (-62.0%), from €3,530 to €1,340
- Other debts -€875
down €875 (-19.5%), from €4,481 to €3,607
- Tax, wage and social debts +€751
up €751, from €0 to €751
- Reserves +€748
up €748 (+4.7%), from €15,895 to €16,643
- Gross operating margin -€529
down €529 (-8.3%), from €6,352 to €5,823
- Depreciation +€469
up €469 (+21.5%), from €2,182 to €2,650
- Other operating charges +€72
up €72 (+4.7%), from €1,528 to €1,600
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 | €42,499 | €40,934 | -€1,565 | -3.7% |
| Fixed assets | 21/28 | €11,057 | €8,406 | -€2,650 | -24.0% |
| Tangible fixed assets | 22/27 | €11,057 | €8,406 | -€2,650 | -24.0% |
| Land and buildings | 22 | €7,934 | €6,103 | -€1,831 | -23.1% |
| Furniture and vehicles | 24 | €341 | €117 | -€224 | -65.7% |
| Other tangible fixed assets | 26 | €2,782 | €2,187 | -€595 | -21.4% |
| Current assets | 29/58 | €31,442 | €32,528 | +€1,086 | +3.5% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €351 | €0 | -€351 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €351 | €0 | -€351 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,756 | €25,173 | +€1,417 | +6.0% |
| Deferred charges and accrued income | 490/1 | €1,335 | €1,355 | +€20 | +1.5% |
| Total equity and liabilities | 10/49 | €42,499 | €40,934 | -€1,565 | -3.7% |
| Equity | 10/15 | €34,487 | €35,235 | +€748 | +2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €15,895 | €16,643 | +€748 | +4.7% |
| Distributable reserves | 133 | €15,895 | €16,643 | +€748 | +4.7% |
| Amounts payable | 17/49 | €8,012 | €5,699 | -€2,313 | -28.9% |
| Amounts payable within one year | 42/48 | €8,012 | €5,699 | -€2,313 | -28.9% |
| Trade debts | 44 | €3,530 | €1,340 | -€2,190 | -62.0% |
| Suppliers | 440/4 | €3,530 | €1,340 | -€2,190 | -62.0% |
| Taxes, remuneration and social security | 45 | €0 | €751 | +€751 | |
| Taxes | 450/3 | €0 | €751 | +€751 | |
| Other amounts payable | 47/48 | €4,481 | €3,607 | -€875 | -19.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,182 | €2,650 | +€469 | +21.5% |
| Other operating charges | 640/8 | €1,528 | €1,600 | +€72 | +4.7% |
| Gross operating margin | 9900 | €6,352 | €5,823 | -€529 | -8.3% |
| Operating profit (loss) | 9901 | €2,642 | €1,572 | -€1,070 | -40.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €770 | €824 | +€54 | +7.0% |
| Recurring financial charges | 65 | €770 | €824 | +€54 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €1,873 | €748 | -€1,125 | -60.1% |
| Profit (loss) for the period | 9904 | €1,873 | €748 | -€1,125 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,873 | €748 | -€1,125 | -60.1% |
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.