BUTTIBEST: what changed
BUTTIBEST
Largest movements
- Receivables within one year +€61,637
up €61,637 (+8.7%), from €708,633 to €770,270
of which Trade receivables: +€68,608
- Cash -€46,860
down €46,860 (-80.1%), from €58,517 to €11,658
mainly Short-term financial debts (-€99,000) and Receivables within one year (-€61,637)
- Tangible fixed assets -€14,564
down €14,564 (-7.2%), from €202,151 to €187,587
of which Land and buildings: -€18,936
- Short-term financial debts -€99,000
down €99,000 (-56.6%), from €175,000 to €76,000
- Profit (loss) carried forward +€62,486
up €62,486 (+30.5%), from €205,207 to €267,693
- Trade debts +€44,067
up €44,067 (+13.6%), from €324,758 to €368,825
- Debts after one year -€25,080
down €25,080 (-22.9%), from €109,555 to €84,474
- Gross operating margin +€18,155
up €18,155 (+14.9%), from €121,623 to €139,778
- Taxes +€5,037
up €5,037 (+29.7%), from €16,957 to €21,994
- Depreciation +€4,511
up €4,511 (+14.2%), from €31,853 to €36,364
- Financial charges +€1,828
up €1,828 (+15.5%), from €11,769 to €13,598
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 | €969,301 | €969,514 | +€214 | 0.0% |
| Fixed assets | 21/28 | €202,151 | €187,587 | -€14,564 | -7.2% |
| Tangible fixed assets | 22/27 | €202,151 | €187,587 | -€14,564 | -7.2% |
| Land and buildings | 22 | €158,702 | €139,767 | -€18,936 | -11.9% |
| Furniture and vehicles | 24 | €43,449 | €47,821 | +€4,372 | +10.1% |
| Current assets | 29/58 | €767,150 | €781,927 | +€14,777 | +1.9% |
| Amounts receivable within one year | 40/41 | €708,633 | €770,270 | +€61,637 | +8.7% |
| Trade receivables | 40 | €566,019 | €634,627 | +€68,608 | +12.1% |
| Other amounts receivable | 41 | €142,614 | €135,643 | -€6,971 | -4.9% |
| Cash at bank and in hand | 54/58 | €58,517 | €11,658 | -€46,860 | -80.1% |
| Total equity and liabilities | 10/49 | €969,301 | €969,514 | +€214 | 0.0% |
| Equity | 10/15 | €225,667 | €288,153 | +€62,486 | +27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,207 | €267,693 | +€62,486 | +30.5% |
| Amounts payable | 17/49 | €743,634 | €681,361 | -€62,272 | -8.4% |
| Amounts payable after more than one year | 17 | €109,555 | €84,474 | -€25,080 | -22.9% |
| Financial debts | 170/4 | €109,555 | €84,474 | -€25,080 | -22.9% |
| Amounts payable within one year | 42/48 | €632,936 | €596,048 | -€36,888 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €46,057 | €51,367 | +€5,310 | +11.5% |
| Financial debts | 43 | €175,000 | €76,000 | -€99,000 | -56.6% |
| Credit institutions | 430/8 | €175,000 | €76,000 | -€99,000 | -56.6% |
| Trade debts | 44 | €324,758 | €368,825 | +€44,067 | +13.6% |
| Suppliers | 440/4 | €324,758 | €368,825 | +€44,067 | +13.6% |
| Taxes, remuneration and social security | 45 | €19,170 | €22,810 | +€3,640 | +19.0% |
| Taxes | 450/3 | €19,170 | €22,810 | +€3,640 | +19.0% |
| Other amounts payable | 47/48 | €67,950 | €77,046 | +€9,096 | +13.4% |
| Accrued charges and deferred income | 492/3 | €1,143 | €839 | -€304 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,853 | €36,364 | +€4,511 | +14.2% |
| Other operating charges | 640/8 | €4,402 | €5,411 | +€1,009 | +22.9% |
| Gross operating margin | 9900 | €121,623 | €139,778 | +€18,155 | +14.9% |
| Operating profit (loss) | 9901 | €85,369 | €98,004 | +€12,635 | +14.8% |
| Financial income | 75/76B | €137 | €74 | -€63 | -46.0% |
| Recurring financial income | 75 | €137 | €74 | -€63 | -46.0% |
| Financial charges | 65/66B | €11,769 | €13,598 | +€1,828 | +15.5% |
| Recurring financial charges | 65 | €11,769 | €13,598 | +€1,828 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €73,736 | €84,480 | +€10,744 | +14.6% |
| Income taxes | 67/77 | €16,957 | €21,994 | +€5,037 | +29.7% |
| Profit (loss) for the period | 9904 | €56,780 | €62,486 | +€5,706 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,780 | €62,486 | +€5,706 | +10.1% |
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 1 November 2026 via checked.be.