BUTTERNUT BOX (BELGIUM): what changed
BUTTERNUT BOX (BELGIUM)
Largest movements
- Receivables within one year -€648,152
down €648,152 (-60.6%), from €1.1m to €421,930
of which Other amounts receivable: -€411,100
- Cash +€85,014
up €85,014 (+55.2%), from €154,007 to €239,021
mainly Receivables within one year (+€648,152) and Tax, wage and social debts (+€161,604)
- Trade debts -€856,372
down €856,372 (-99.1%), from €864,166 to €7,793
- Tax, wage and social debts +€161,604
up €161,604 (+94.2%), from €171,549 to €333,153
of which Remuneration and social security: +€145,103
- Other debts +€135,000
new in 2025: €135,000
- Staff costs +€533,827
up €533,827 (+80.2%), from €665,832 to €1.2m
- Gross operating margin +€481,614
up €481,614 (+66.5%), from €723,889 to €1.2m
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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,225,207 | €664,083 | -€561,124 | -45.8% |
| Fixed assets | 21/28 | €1,118 | €3,132 | +€2,014 | +180% |
| Tangible fixed assets | 22/27 | €1,118 | €1,321 | +€203 | +18.2% |
| Plant, machinery and equipment | 23 | €1,118 | €1,321 | +€203 | +18.2% |
| Financial fixed assets | 28 | - | €1,811 | +€1,811 | |
| Current assets | 29/58 | €1,224,089 | €660,951 | -€563,138 | -46.0% |
| Amounts receivable within one year | 40/41 | €1,070,082 | €421,930 | -€648,152 | -60.6% |
| Trade receivables | 40 | €251,138 | €14,086 | -€237,052 | -94.4% |
| Other amounts receivable | 41 | €818,944 | €407,844 | -€411,100 | -50.2% |
| Cash at bank and in hand | 54/58 | €154,007 | €239,021 | +€85,014 | +55.2% |
| Total equity and liabilities | 10/49 | €1,225,207 | €664,083 | -€561,124 | -45.8% |
| Equity | 10/15 | €189,493 | €188,137 | -€1,356 | -0.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,493 | €38,137 | -€1,356 | -3.4% |
| Amounts payable | 17/49 | €1,035,715 | €475,947 | -€559,768 | -54.0% |
| Amounts payable within one year | 42/48 | €1,035,715 | €475,947 | -€559,768 | -54.0% |
| Trade debts | 44 | €864,166 | €7,793 | -€856,372 | -99.1% |
| Suppliers | 440/4 | €864,166 | €7,793 | -€856,372 | -99.1% |
| Taxes, remuneration and social security | 45 | €171,549 | €333,153 | +€161,604 | +94.2% |
| Taxes | 450/3 | €30,068 | €46,569 | +€16,501 | +54.9% |
| Remuneration and social security | 454/9 | €141,481 | €286,584 | +€145,103 | +103% |
| Other amounts payable | 47/48 | - | €135,000 | +€135,000 | |
| Remuneration, social security and pensions | 62 | €665,832 | €1,199,659 | +€533,827 | +80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201 | €672 | +€471 | +234% |
| Other operating charges | 640/8 | €2,650 | €400 | -€2,250 | -84.9% |
| Gross operating margin | 9900 | €723,889 | €1,205,503 | +€481,614 | +66.5% |
| Operating profit (loss) | 9901 | €55,205 | €4,773 | -€50,433 | -91.4% |
| Financial charges | 65/66B | €35 | €1,939 | +€1,905 | +5,521% |
| Recurring financial charges | 65 | €35 | €1,939 | +€1,905 | +5,521% |
| Profit (loss) for the period before taxes | 9903 | €55,171 | €2,833 | -€52,337 | -94.9% |
| Income taxes | 67/77 | €15,678 | €4,189 | -€11,489 | -73.3% |
| Profit (loss) for the period | 9904 | €39,493 | -€1,356 | -€40,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,493 | -€1,356 | -€40,849 |
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.