BUVA: what changed
Two fiscal 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.
BUVA
Largest movements
- Tangible fixed assets -€3,903
down €3,903 (-2.8%), from €139,846 to €135,943
- Cash +€3,323
up €3,323 (+85.1%), from €3,907 to €7,230
mainly Depreciation (+€13,432) and Tax, wage and social debts (+€504)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€8,680
up €8,680 (+113.2%), from €7,669 to €16,349
- Depreciation +€2,339
up €2,339 (+21.1%), from €11,093 to €13,432
- Financial charges -€614
down €614 (-80.4%), from €764 to €150
- Other operating charges -€246
down €246 (-7.0%), from €3,525 to €3,279
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 | €151,414 | €151,228 | -€186 | -0.1% |
| Fixed assets | 21/28 | €139,846 | €135,943 | -€3,903 | -2.8% |
| Tangible fixed assets | 22/27 | €139,846 | €135,943 | -€3,903 | -2.8% |
| Land and buildings | 22 | €139,846 | €135,943 | -€3,903 | -2.8% |
| Current assets | 29/58 | €11,568 | €15,285 | +€3,717 | +32.1% |
| Amounts receivable within one year | 40/41 | €6,887 | €7,225 | +€338 | +4.9% |
| Trade receivables | 40 | €2,736 | €2,736 | = | 0.0% |
| Other amounts receivable | 41 | €4,151 | €4,489 | +€338 | +8.1% |
| Cash at bank and in hand | 54/58 | €3,907 | €7,230 | +€3,323 | +85.1% |
| Deferred charges and accrued income | 490/1 | €774 | €830 | +€56 | +7.2% |
| Total equity and liabilities | 10/49 | €151,414 | €151,228 | -€186 | -0.1% |
| Equity | 10/15 | €68,990 | €68,486 | -€504 | -0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €14,703 | €14,703 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €8,503 | €8,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,713 | -€8,217 | -€504 | -6.5% |
| Amounts payable | 17/49 | €82,424 | €82,742 | +€318 | +0.4% |
| Amounts payable within one year | 42/48 | €82,424 | €82,742 | +€318 | +0.4% |
| Trade debts | 44 | €3,425 | €3,239 | -€186 | -5.4% |
| Suppliers | 440/4 | €3,425 | €3,239 | -€186 | -5.4% |
| Taxes, remuneration and social security | 45 | - | €504 | +€504 | |
| Taxes | 450/3 | - | €504 | +€504 | |
| Other amounts payable | 47/48 | €78,999 | €78,999 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,093 | €13,432 | +€2,339 | +21.1% |
| Other operating charges | 640/8 | €3,525 | €3,279 | -€246 | -7.0% |
| Gross operating margin | 9900 | €7,669 | €16,349 | +€8,680 | +113.2% |
| Operating profit (loss) | 9901 | -€6,949 | -€362 | +€6,587 | +94.8% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €764 | €150 | -€614 | -80.4% |
| Recurring financial charges | 65 | €764 | €150 | -€614 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,713 | -€504 | +€7,209 | +93.5% |
| Profit (loss) for the period | 9904 | -€7,713 | -€504 | +€7,209 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,713 | -€504 | +€7,209 | +93.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.