BUTSHOEVE: 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.
BUTSHOEVE
Largest movements
- Tangible fixed assets -€31,181
down €31,181 (-4.0%), from €770,785 to €739,603
- Reserves -€15,192
down €15,192 (-4.1%), from €371,286 to €356,094
of which Tax-exempt reserves: -€15,192
- Debts after one year -€10,658
down €10,658 (-4.7%), from €225,426 to €214,768
- Provisions -€7,823
down €7,823 (-5.2%), from €149,198 to €141,376
- Financial charges -€262
down €262 (-4.2%), from €6,224 to €5,962
- Gross operating margin +€242
up €242 (+1.5%), from €16,051 to €16,293
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 | €772,254 | €740,839 | -€31,415 | -4.1% |
| Fixed assets | 21/28 | €770,785 | €739,603 | -€31,181 | -4.0% |
| Tangible fixed assets | 22/27 | €770,785 | €739,603 | -€31,181 | -4.0% |
| Land and buildings | 22 | €770,785 | €739,603 | -€31,181 | -4.0% |
| Current assets | 29/58 | €1,470 | €1,236 | -€234 | -15.9% |
| Cash at bank and in hand | 54/58 | €1,470 | €1,236 | -€234 | -15.9% |
| Total equity and liabilities | 10/49 | €772,254 | €740,839 | -€31,415 | -4.1% |
| Equity | 10/15 | €339,796 | €324,394 | -€15,402 | -4.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €371,286 | €356,094 | -€15,192 | -4.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €289,750 | €274,557 | -€15,192 | -5.2% |
| Distributable reserves | 133 | €79,682 | €79,682 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,041 | -€50,250 | -€209 | -0.4% |
| Provisions and deferred taxes | 16 | €149,198 | €141,376 | -€7,823 | -5.2% |
| Deferred taxes | 168 | €149,198 | €141,376 | -€7,823 | -5.2% |
| Amounts payable | 17/49 | €283,260 | €275,070 | -€8,191 | -2.9% |
| Amounts payable after more than one year | 17 | €225,426 | €214,768 | -€10,658 | -4.7% |
| Financial debts | 170/4 | €225,426 | €214,768 | -€10,658 | -4.7% |
| Amounts payable within one year | 42/48 | €57,834 | €60,302 | +€2,468 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €10,389 | €10,658 | +€269 | +2.6% |
| Other amounts payable | 47/48 | €47,445 | €49,644 | +€2,199 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,181 | €31,181 | = | 0.0% |
| Other operating charges | 640/8 | €2,292 | €2,375 | +€83 | +3.6% |
| Gross operating margin | 9900 | €16,051 | €16,293 | +€242 | +1.5% |
| Operating profit (loss) | 9901 | -€17,422 | -€17,263 | +€159 | +0.9% |
| Financial charges | 65/66B | €6,224 | €5,962 | -€262 | -4.2% |
| Recurring financial charges | 65 | €6,224 | €5,962 | -€262 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,646 | -€23,225 | +€421 | +1.8% |
| Transfer from deferred taxes | 780 | €7,823 | €7,823 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€15,823 | -€15,402 | +€421 | +2.7% |
| Transfer from tax-exempt reserves | 789 | €15,192 | €15,192 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€631 | -€209 | +€421 | +66.8% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.