Butstraen: 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.
Butstraen
Largest movements
- Cash +€117,238
up €117,238 (+16.2%), from €723,049 to €840,287
mainly Net result for the year (+€114,529) and Depreciation (+€6,738)
- Reserves +€100,000
up €100,000 (+17.2%), from €581,860 to €681,860
of which Distributable reserves: +€100,000
- Profit (loss) carried forward +€14,529
up €14,529 (+5.5%), from €264,505 to €279,034
- Gross operating margin +€37,635
up €37,635 (+20.4%), from €184,608 to €222,243
- Staff costs +€5,756
up €5,756 (+9.4%), from €61,197 to €66,953
- Depreciation +€5,054
up €5,054 (+300.1%), from €1,684 to €6,738
- Taxes +€4,658
up €4,658 (+15.1%), from €30,837 to €35,495
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 | €897,851 | €1,016,389 | +€118,538 | +13.2% |
| Fixed assets | 21/28 | €32,004 | €25,266 | -€6,738 | -21.1% |
| Tangible fixed assets | 22/27 | €32,004 | €25,266 | -€6,738 | -21.1% |
| Furniture and vehicles | 24 | €32,004 | €25,266 | -€6,738 | -21.1% |
| Current assets | 29/58 | €865,847 | €991,123 | +€125,276 | +14.5% |
| Amounts receivable after more than one year | 29 | €45,000 | €55,000 | +€10,000 | +22.2% |
| Other amounts receivable | 291 | €45,000 | €55,000 | +€10,000 | +22.2% |
| Stocks and contracts in progress | 3 | €97,289 | €94,443 | -€2,846 | -2.9% |
| Stocks | 30/36 | €97,289 | €94,443 | -€2,846 | -2.9% |
| Amounts receivable within one year | 40/41 | €509 | €1,393 | +€884 | +173.7% |
| Other amounts receivable | 41 | €509 | €1,393 | +€884 | +173.7% |
| Cash at bank and in hand | 54/58 | €723,049 | €840,287 | +€117,238 | +16.2% |
| Total equity and liabilities | 10/49 | €897,851 | €1,016,389 | +€118,538 | +13.2% |
| Equity | 10/15 | €864,965 | €979,494 | +€114,529 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €581,860 | €681,860 | +€100,000 | +17.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €580,000 | €680,000 | +€100,000 | +17.2% |
| Profit (loss) carried forward | 14 | €264,505 | €279,034 | +€14,529 | +5.5% |
| Amounts payable | 17/49 | €32,886 | €36,895 | +€4,009 | +12.2% |
| Amounts payable within one year | 42/48 | €32,886 | €36,895 | +€4,009 | +12.2% |
| Trade debts | 44 | €20,793 | €21,869 | +€1,076 | +5.2% |
| Suppliers | 440/4 | €20,793 | €21,869 | +€1,076 | +5.2% |
| Taxes, remuneration and social security | 45 | €12,093 | €15,026 | +€2,933 | +24.3% |
| Taxes | 450/3 | €3,154 | €2,006 | -€1,148 | -36.4% |
| Remuneration and social security | 454/9 | €8,939 | €13,020 | +€4,081 | +45.7% |
| Remuneration, social security and pensions | 62 | €61,197 | €66,953 | +€5,756 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,684 | €6,738 | +€5,054 | +300.1% |
| Other operating charges | 640/8 | €714 | €656 | -€58 | -8.1% |
| Gross operating margin | 9900 | €184,608 | €222,243 | +€37,635 | +20.4% |
| Operating profit (loss) | 9901 | €121,013 | €147,896 | +€26,883 | +22.2% |
| Financial income | 75/76B | €905 | €2,934 | +€2,029 | +224.2% |
| Recurring financial income | 75 | €905 | €2,934 | +€2,029 | +224.2% |
| Financial charges | 65/66B | €760 | €806 | +€46 | +6.1% |
| Recurring financial charges | 65 | €760 | €806 | +€46 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €121,158 | €150,024 | +€28,866 | +23.8% |
| Income taxes | 67/77 | €30,837 | €35,495 | +€4,658 | +15.1% |
| Profit (loss) for the period | 9904 | €90,321 | €114,529 | +€24,208 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,321 | €114,529 | +€24,208 | +26.8% |
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 7 October 2026 via checked.be.