BUTTERFLY LAW: what changed
BUTTERFLY LAW
Largest movements
- Receivables after one year +€28,595
up €28,595 (+65.9%), from €43,399 to €71,994
- Receivables within one year +€1,537
up €1,537 (+32.0%), from €4,804 to €6,341
- Profit (loss) carried forward +€20,940
up €20,940 (+310%), from €6,744 to €27,684
- Tax, wage and social debts +€6,084
up €6,084 (+32.1%), from €18,974 to €25,057
- Trade debts +€4,524
up €4,524 (+55.0%), from €8,224 to €12,749
- Short-term financial debts -€1,416
down €1,416 (-15.3%), from €9,261 to €7,844
- Gross operating margin +€10,338
up €10,338 (+40.8%), from €25,322 to €35,659
- Taxes +€1,859
up €1,859 (+17.8%), from €10,431 to €12,291
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,203 | €78,334 | +€30,131 | +62.5% |
| Current assets | 29/58 | €48,203 | €78,334 | +€30,131 | +62.5% |
| Amounts receivable after more than one year | 29 | €43,399 | €71,994 | +€28,595 | +65.9% |
| Other amounts receivable | 291 | €43,399 | €71,994 | +€28,595 | +65.9% |
| Amounts receivable within one year | 40/41 | €4,804 | €6,341 | +€1,537 | +32.0% |
| Trade receivables | 40 | €4,804 | €6,341 | +€1,537 | +32.0% |
| Total equity and liabilities | 10/49 | €48,203 | €78,334 | +€30,131 | +62.5% |
| Equity | 10/15 | €11,744 | €32,684 | +€20,940 | +178% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,744 | €27,684 | +€20,940 | +310% |
| Amounts payable | 17/49 | €36,459 | €45,650 | +€9,192 | +25.2% |
| Amounts payable within one year | 42/48 | €36,459 | €45,650 | +€9,192 | +25.2% |
| Financial debts | 43 | €9,261 | €7,844 | -€1,416 | -15.3% |
| Credit institutions | 430/8 | €9,261 | €7,844 | -€1,416 | -15.3% |
| Trade debts | 44 | €8,224 | €12,749 | +€4,524 | +55.0% |
| Suppliers | 440/4 | €8,224 | €12,749 | +€4,524 | +55.0% |
| Taxes, remuneration and social security | 45 | €18,974 | €25,057 | +€6,084 | +32.1% |
| Taxes | 450/3 | €18,974 | €25,057 | +€6,084 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291 | - | -€291 | |
| Other operating charges | 640/8 | €773 | €855 | +€82 | +10.6% |
| Gross operating margin | 9900 | €25,322 | €35,659 | +€10,338 | +40.8% |
| Operating profit (loss) | 9901 | €24,258 | €34,805 | +€10,547 | +43.5% |
| Financial income | 75/76B | €42 | €0 | -€42 | -99.6% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -99.6% |
| Financial charges | 65/66B | €1,622 | €1,575 | -€47 | -2.9% |
| Recurring financial charges | 65 | €1,622 | €1,575 | -€47 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €22,678 | €33,230 | +€10,552 | +46.5% |
| Income taxes | 67/77 | €10,431 | €12,291 | +€1,859 | +17.8% |
| Profit (loss) for the period | 9904 | €12,247 | €20,940 | +€8,693 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,247 | €20,940 | +€8,693 | +71.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.