BUTT: 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.
BUTT
Largest movements
- Receivables within one year -€133,474
down €133,474 (-91.9%), from €145,245 to €11,771
of which Other amounts receivable: -€114,282
- Tangible fixed assets -€4,079
down €4,079 (-5.7%), from €71,323 to €67,244
of which Land and buildings: -€3,421
- Cash +€2,466
up €2,466 (+36584.3%), from €7 to €2,473
mainly Receivables within one year (+€133,474) and Accrued charges and deferred income (+€9,085)
- Other debts -€142,246
down €142,246 (-82.4%), from €172,619 to €30,373
- Accrued charges and deferred income +€9,085
up €9,085 (+535.3%), from €1,697 to €10,782
- Trade debts -€4,418
down €4,418 (-91.3%), from €4,840 to €422
- Profit (loss) carried forward +€2,492
up €2,492 (+17.0%), from €14,677 to €17,169
- Gross operating margin +€2,649
up €2,649 (+42.1%), from €6,292 to €8,941
- Depreciation +€521
up €521 (+14.7%), from €3,558 to €4,079
- Taxes -€465
down €465 (-48.6%), from €956 to €491
- Financial income -€377
down €377 (-31.6%), from €1,193 to €816
- Financial charges -€102
down €102 (-81.0%), from €126 to €24
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 | €216,575 | €81,488 | -€135,087 | -62.4% |
| Fixed assets | 21/28 | €71,323 | €67,244 | -€4,079 | -5.7% |
| Tangible fixed assets | 22/27 | €71,323 | €67,244 | -€4,079 | -5.7% |
| Land and buildings | 22 | €68,171 | €64,750 | -€3,421 | -5.0% |
| Plant, machinery and equipment | 23 | €3,152 | €2,495 | -€658 | -20.9% |
| Current assets | 29/58 | €145,252 | €14,243 | -€131,008 | -90.2% |
| Amounts receivable within one year | 40/41 | €145,245 | €11,771 | -€133,474 | -91.9% |
| Trade receivables | 40 | €23,293 | €4,100 | -€19,193 | -82.4% |
| Other amounts receivable | 41 | €121,952 | €7,671 | -€114,282 | -93.7% |
| Cash at bank and in hand | 54/58 | €7 | €2,473 | +€2,466 | +36584.3% |
| Total equity and liabilities | 10/49 | €216,575 | €81,488 | -€135,087 | -62.4% |
| Equity | 10/15 | €36,987 | €39,479 | +€2,492 | +6.7% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,677 | €17,169 | +€2,492 | +17.0% |
| Amounts payable | 17/49 | €179,588 | €42,009 | -€137,579 | -76.6% |
| Amounts payable within one year | 42/48 | €177,890 | €31,227 | -€146,664 | -82.4% |
| Trade debts | 44 | €4,840 | €422 | -€4,418 | -91.3% |
| Suppliers | 440/4 | €4,840 | €422 | -€4,418 | -91.3% |
| Taxes, remuneration and social security | 45 | €432 | €432 | = | 0.0% |
| Taxes | 450/3 | €432 | €432 | = | 0.0% |
| Other amounts payable | 47/48 | €172,619 | €30,373 | -€142,246 | -82.4% |
| Accrued charges and deferred income | 492/3 | €1,697 | €10,782 | +€9,085 | +535.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,558 | €4,079 | +€521 | +14.7% |
| Other operating charges | 640/8 | €2,590 | €2,672 | +€81 | +3.1% |
| Gross operating margin | 9900 | €6,292 | €8,941 | +€2,649 | +42.1% |
| Operating profit (loss) | 9901 | €144 | €2,191 | +€2,046 | +1416.3% |
| Financial income | 75/76B | €1,193 | €816 | -€377 | -31.6% |
| Recurring financial income | 75 | €1,193 | €816 | -€377 | -31.6% |
| Financial charges | 65/66B | €126 | €24 | -€102 | -81.0% |
| Recurring financial charges | 65 | €126 | €24 | -€102 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €1,212 | €2,983 | +€1,772 | +146.2% |
| Income taxes | 67/77 | €956 | €491 | -€465 | -48.6% |
| Profit (loss) for the period | 9904 | €256 | €2,492 | +€2,236 | +874.6% |
| Profit (loss) for the period to be appropriated | 9905 | €256 | €2,492 | +€2,236 | +874.6% |
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 11 October 2026 via checked.be.