BUTLERS: 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.
BUTLERS
Largest movements
- Cash -€62
down €62 (-100%), from €62 to €0
mainly Net result for the year (-€1,229) and Trade debts (-€850)
- Other debts +€1,985
up €1,985 (+9.7%), from €20,492 to €22,477
- Profit (loss) carried forward -€1,229
down €1,229 (-5.2%), from -€23,567 to -€24,796
- Trade debts -€850
down €850 (-39.8%), from €2,137 to €1,287
- Short-term financial debts +€32
new in 2025: €32
- Gross operating margin -€156
down €156 (-28.1%), from -€557 to -€714
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62 | €0 | -€62 | -100% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €62 | €0 | -€62 | -100% |
| Cash at bank and in hand | 54/58 | €62 | €0 | -€62 | -100% |
| Total equity and liabilities | 10/49 | €62 | €0 | -€62 | -100% |
| Equity | 10/15 | -€22,567 | -€23,796 | -€1,229 | -5.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,567 | -€24,796 | -€1,229 | -5.2% |
| Amounts payable | 17/49 | €22,629 | €23,796 | +€1,167 | +5.2% |
| Amounts payable within one year | 42/48 | €22,629 | €23,796 | +€1,167 | +5.2% |
| Financial debts | 43 | - | €32 | +€32 | |
| Credit institutions | 430/8 | - | €32 | +€32 | |
| Trade debts | 44 | €2,137 | €1,287 | -€850 | -39.8% |
| Suppliers | 440/4 | €2,137 | €1,287 | -€850 | -39.8% |
| Other amounts payable | 47/48 | €20,492 | €22,477 | +€1,985 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€557 | -€714 | -€156 | -28.1% |
| Operating profit (loss) | 9901 | -€945 | -€1,113 | -€169 | -17.9% |
| Financial charges | 65/66B | €113 | €116 | +€2 | +2.1% |
| Recurring financial charges | 65 | €113 | €116 | +€2 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,058 | -€1,229 | -€171 | -16.2% |
| Profit (loss) for the period | 9904 | -€1,058 | -€1,229 | -€171 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,058 | -€1,229 | -€171 | -16.2% |
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 16 October 2026 via checked.be.