BUTTERFLY CONCEPT: 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.
BUTTERFLY CONCEPT
Largest movements
- Receivables within one year +€131,236
up €131,236 (+145%), from €90,537 to €221,773
of which Trade receivables: +€109,595
- Deferred charges and accrued income -€12,998
down €12,998 (-82.7%), from €15,709 to €2,712
- Cash +€9,149
up €9,149 (+7.7%), from €118,894 to €128,043
mainly Trade debts (+€76,901) and Net result for the year (+€48,889)
- Trade debts +€76,901
up €76,901 (+142%), from €54,121 to €131,022
- Profit (loss) carried forward +€48,889
up €48,889 (+91.3%), from €53,567 to €102,456
- Other debts +€5,634
up €5,634 (+6.7%), from €84,130 to €89,764
- Gross operating margin -€3,024
down €3,024 (-3.9%), from €77,426 to €74,402
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 | €276,916 | €405,384 | +€128,468 | +46.4% |
| Fixed assets | 21/28 | €51,776 | €52,856 | +€1,080 | +2.1% |
| Intangible fixed assets | 21 | €38 | - | -€38 | |
| Tangible fixed assets | 22/27 | €44,238 | €45,356 | +€1,118 | +2.5% |
| Plant, machinery and equipment | 23 | €353 | €276 | -€77 | -21.8% |
| Furniture and vehicles | 24 | €43,885 | €45,080 | +€1,195 | +2.7% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €225,140 | €352,528 | +€127,388 | +56.6% |
| Amounts receivable within one year | 40/41 | €90,537 | €221,773 | +€131,236 | +145% |
| Trade receivables | 40 | €64,331 | €173,926 | +€109,595 | +170% |
| Other amounts receivable | 41 | €26,206 | €47,848 | +€21,641 | +82.6% |
| Cash at bank and in hand | 54/58 | €118,894 | €128,043 | +€9,149 | +7.7% |
| Deferred charges and accrued income | 490/1 | €15,709 | €2,712 | -€12,998 | -82.7% |
| Total equity and liabilities | 10/49 | €276,916 | €405,384 | +€128,468 | +46.4% |
| Equity | 10/15 | €132,677 | €181,566 | +€48,889 | +36.8% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €72,860 | €72,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €61,000 | €61,000 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,567 | €102,456 | +€48,889 | +91.3% |
| Amounts payable | 17/49 | €144,238 | €223,818 | +€79,579 | +55.2% |
| Amounts payable within one year | 42/48 | €141,250 | €223,818 | +€82,567 | +58.5% |
| Trade debts | 44 | €54,121 | €131,022 | +€76,901 | +142% |
| Suppliers | 440/4 | €54,121 | €131,022 | +€76,901 | +142% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,032 | +€32 | +1.1% |
| Taxes | 450/3 | €3,000 | €3,032 | +€32 | +1.1% |
| Other amounts payable | 47/48 | €84,130 | €89,764 | +€5,634 | +6.7% |
| Accrued charges and deferred income | 492/3 | €2,988 | - | -€2,988 | |
| Non-recurring operating income | 76A | - | €1,355 | +€1,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,426 | €20,335 | -€91 | -0.4% |
| Other operating charges | 640/8 | €923 | €935 | +€12 | +1.3% |
| Gross operating margin | 9900 | €77,426 | €74,402 | -€3,024 | -3.9% |
| Operating profit (loss) | 9901 | €56,077 | €53,132 | -€2,945 | -5.3% |
| Financial income | 75/76B | €408 | €798 | +€389 | +95.4% |
| Recurring financial income | 75 | €408 | €798 | +€389 | +95.4% |
| Financial charges | 65/66B | €4,720 | €5,040 | +€320 | +6.8% |
| Recurring financial charges | 65 | €4,720 | €5,040 | +€320 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €51,765 | €48,889 | -€2,876 | -5.6% |
| Profit (loss) for the period | 9904 | €51,765 | €48,889 | -€2,876 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,765 | €48,889 | -€2,876 | -5.6% |
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 18 October 2026 via checked.be.