BUTIKK: 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.
BUTIKK
Largest movements
- Tangible fixed assets +€357,915
up €357,915 (+247.4%), from €144,683 to €502,598
of which Land and buildings: +€364,585
- Receivables within one year +€225,452
up €225,452 (+16787.4%), from €1,343 to €226,795
of which Trade receivables: +€222,270
- Cash -€80,038
down €80,038 (-37.6%), from €212,647 to €132,609
mainly Investment in fixed assets (net) (-€403,890) and Receivables within one year (-€225,452)
- Current investments +€66,000
up €66,000 (+66.0%), from €100,000 to €166,000
- Debts after one year +€243,555
up €243,555 (+517.4%), from €47,074 to €290,629
- Trade debts +€236,597
up €236,597 (+1075.8%), from €21,993 to €258,590
- Reserves +€141,453
up €141,453 (+48.3%), from €292,685 to €434,138
- Tax, wage and social debts -€35,309
down €35,309 (-37.1%), from €95,204 to €59,895
of which Taxes: -€38,609
- Gross operating margin -€22,467
down €22,467 (-7.5%), from €298,333 to €275,866
- Other operating charges +€22,039
up €22,039 (+445.7%), from €4,945 to €26,984
- Taxes -€16,760
down €16,760 (-20.8%), from €80,681 to €63,921
- Depreciation +€6,088
up €6,088 (+15.3%), from €39,887 to €45,975
- Financial charges +€5,603
up €5,603 (+124.9%), from €4,485 to €10,088
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 | €528,901 | €1,106,438 | +€577,537 | +109.2% |
| Fixed assets | 21/28 | €144,683 | €502,598 | +€357,915 | +247.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €144,683 | €502,598 | +€357,915 | +247.4% |
| Land and buildings | 22 | - | €364,585 | +€364,585 | |
| Plant, machinery and equipment | 23 | €126,540 | €92,390 | -€34,151 | -27.0% |
| Furniture and vehicles | 24 | €9,515 | €39,741 | +€30,226 | +317.7% |
| Leasing and similar rights | 25 | €8,628 | €5,882 | -€2,745 | -31.8% |
| Current assets | 29/58 | €384,218 | €603,841 | +€219,623 | +57.2% |
| Stocks and contracts in progress | 3 | €67,599 | €78,437 | +€10,837 | +16.0% |
| Stocks | 30/36 | €67,599 | €78,437 | +€10,837 | +16.0% |
| Amounts receivable within one year | 40/41 | €1,343 | €226,795 | +€225,452 | +16787.4% |
| Trade receivables | 40 | - | €222,270 | +€222,270 | |
| Other amounts receivable | 41 | €1,343 | €4,525 | +€3,182 | +236.9% |
| Current investments | 50/53 | €100,000 | €166,000 | +€66,000 | +66.0% |
| Cash at bank and in hand | 54/58 | €212,647 | €132,609 | -€80,038 | -37.6% |
| Deferred charges and accrued income | 490/1 | €2,629 | - | -€2,629 | |
| Total equity and liabilities | 10/49 | €528,901 | €1,106,438 | +€577,537 | +109.2% |
| Equity | 10/15 | €297,685 | €439,138 | +€141,453 | +47.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €292,685 | €434,138 | +€141,453 | +48.3% |
| Distributable reserves | 133 | €292,685 | €434,138 | +€141,453 | +48.3% |
| Amounts payable | 17/49 | €231,216 | €667,300 | +€436,085 | +188.6% |
| Amounts payable after more than one year | 17 | €47,074 | €290,629 | +€243,555 | +517.4% |
| Financial debts | 170/4 | €47,074 | €290,629 | +€243,555 | +517.4% |
| Amounts payable within one year | 42/48 | €183,592 | €376,671 | +€193,079 | +105.2% |
| Current portion of amounts payable after more than one year | 42 | €17,480 | €17,893 | +€413 | +2.4% |
| Trade debts | 44 | €21,993 | €258,590 | +€236,597 | +1075.8% |
| Suppliers | 440/4 | €21,993 | €258,590 | +€236,597 | +1075.8% |
| Taxes, remuneration and social security | 45 | €95,204 | €59,895 | -€35,309 | -37.1% |
| Taxes | 450/3 | €95,204 | €56,595 | -€38,609 | -40.6% |
| Remuneration and social security | 454/9 | - | €3,300 | +€3,300 | |
| Other amounts payable | 47/48 | €48,915 | €40,293 | -€8,622 | -17.6% |
| Accrued charges and deferred income | 492/3 | €549 | - | -€549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,887 | €45,975 | +€6,088 | +15.3% |
| Other operating charges | 640/8 | €4,945 | €26,984 | +€22,039 | +445.7% |
| Gross operating margin | 9900 | €298,333 | €275,866 | -€22,467 | -7.5% |
| Operating profit (loss) | 9901 | €253,501 | €202,907 | -€50,594 | -20.0% |
| Financial income | 75/76B | €8,769 | €12,555 | +€3,787 | +43.2% |
| Recurring financial income | 75 | €8,769 | €12,555 | +€3,787 | +43.2% |
| Financial charges | 65/66B | €4,485 | €10,088 | +€5,603 | +124.9% |
| Recurring financial charges | 65 | €4,485 | €10,088 | +€5,603 | +124.9% |
| Profit (loss) for the period before taxes | 9903 | €257,785 | €205,374 | -€52,411 | -20.3% |
| Income taxes | 67/77 | €80,681 | €63,921 | -€16,760 | -20.8% |
| Profit (loss) for the period | 9904 | €177,104 | €141,453 | -€35,651 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €177,104 | €141,453 | -€35,651 | -20.1% |
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 10 October 2026 via checked.be.