BUVAMED: 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.
BUVAMED
Largest movements
- Tangible fixed assets +€410,657
up €410,657 (+220.1%), from €186,582 to €597,239
of which Land and buildings: +€443,771
- Cash +€138,046
up €138,046 (+55.7%), from €247,987 to €386,033
mainly Debts after one year (+€396,711) and Net result for the year (+€388,531)
- Current investments +€101,000
up €101,000 (+40.4%), from €250,000 to €351,000
- Debts after one year +€396,711
up €396,711 (+435.9%), from €91,005 to €487,716
- Reserves +€260,270
up €260,270 (+40.8%), from €637,172 to €897,442
- Current portion of long-term debt +€16,816
up €16,816 (+53.4%), from €31,473 to €48,289
- Other operating charges +€42,781
up €42,781 (+1490.2%), from €2,871 to €45,652
- Gross operating margin +€18,806
up €18,806 (+3.1%), from €612,273 to €631,079
- Depreciation +€12,063
up €12,063 (+42.8%), from €28,186 to €40,248
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 | €800,243 | €1,458,105 | +€657,862 | +82.2% |
| Fixed assets | 21/28 | €186,582 | €597,239 | +€410,657 | +220.1% |
| Tangible fixed assets | 22/27 | €186,582 | €597,239 | +€410,657 | +220.1% |
| Land and buildings | 22 | €43,640 | €487,410 | +€443,771 | +1016.9% |
| Plant, machinery and equipment | 23 | €2,064 | €1,581 | -€482 | -23.4% |
| Furniture and vehicles | 24 | €136,145 | €103,160 | -€32,985 | -24.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €4,734 | €5,088 | +€354 | +7.5% |
| Current assets | 29/58 | €613,661 | €860,866 | +€247,204 | +40.3% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,180 | €56,532 | +€7,353 | +15.0% |
| Trade receivables | 40 | €12,657 | €20,010 | +€7,353 | +58.1% |
| Other amounts receivable | 41 | €36,522 | €36,522 | = | 0.0% |
| Current investments | 50/53 | €250,000 | €351,000 | +€101,000 | +40.4% |
| Cash at bank and in hand | 54/58 | €247,987 | €386,033 | +€138,046 | +55.7% |
| Deferred charges and accrued income | 490/1 | €6,494 | €7,300 | +€806 | +12.4% |
| Total equity and liabilities | 10/49 | €800,243 | €1,458,105 | +€657,862 | +82.2% |
| Equity | 10/15 | €637,372 | €897,642 | +€260,270 | +40.8% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €637,172 | €897,442 | +€260,270 | +40.8% |
| Distributable reserves | 133 | €637,172 | €897,442 | +€260,270 | +40.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €162,871 | €560,463 | +€397,591 | +244.1% |
| Amounts payable after more than one year | 17 | €91,005 | €487,716 | +€396,711 | +435.9% |
| Financial debts | 170/4 | €91,005 | €487,716 | +€396,711 | +435.9% |
| Amounts payable within one year | 42/48 | €71,866 | €72,747 | +€881 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €31,473 | €48,289 | +€16,816 | +53.4% |
| Trade debts | 44 | €1,256 | €3,255 | +€1,998 | +159.1% |
| Suppliers | 440/4 | €1,256 | €3,255 | +€1,998 | +159.1% |
| Taxes, remuneration and social security | 45 | €33,841 | €21,203 | -€12,638 | -37.3% |
| Taxes | 450/3 | €33,841 | €21,203 | -€12,638 | -37.3% |
| Other amounts payable | 47/48 | €5,296 | €0 | -€5,296 | -100.0% |
| Non-recurring operating income | 76A | €0 | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,186 | €40,248 | +€12,063 | +42.8% |
| Other operating charges | 640/8 | €2,871 | €45,652 | +€42,781 | +1490.2% |
| Non-recurring operating charges | 66A | €10,541 | €0 | -€10,541 | -100.0% |
| Gross operating margin | 9900 | €612,273 | €631,079 | +€18,806 | +3.1% |
| Operating profit (loss) | 9901 | €570,676 | €545,179 | -€25,496 | -4.5% |
| Financial income | 75/76B | €9,082 | €9,550 | +€468 | +5.1% |
| Recurring financial income | 75 | €9,082 | €9,550 | +€468 | +5.1% |
| Financial charges | 65/66B | €2,930 | €3,530 | +€599 | +20.4% |
| Recurring financial charges | 65 | €2,930 | €3,530 | +€599 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €576,827 | €551,200 | -€25,628 | -4.4% |
| Income taxes | 67/77 | €167,578 | €162,669 | -€4,909 | -2.9% |
| Profit (loss) for the period | 9904 | €409,250 | €388,531 | -€20,719 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €409,250 | €388,531 | -€20,719 | -5.1% |
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 6 October 2026 via checked.be.