Buvatec: what changed
Two financial 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.
Buvatec
Largest movements
- Cash -€10,881
down €10,881 (-22.6%), from €48,219 to €37,339
mainly Other debts (-€34,135) and Receivables within one year (-€8,708)
- Receivables within one year +€8,708
up €8,708 (+47.8%), from €18,209 to €26,917
of which Trade receivables: +€8,604
- Deferred charges and accrued income -€3,144
down €3,144 (-12.1%), from €25,906 to €22,762
- Intangible fixed assets -€1,973
down €1,973 (-33.2%), from €5,947 to €3,974
- Other debts -€34,135
down €34,135 (-50.2%), from €68,011 to €33,876
- Reserves +€25,594
up €25,594 (+121.6%), from €21,049 to €46,643
- Gross operating margin +€21,700
up €21,700 (+75.2%), from €28,852 to €50,552
- Financial income -€8,086
down €8,086 (-100.0%), from €8,086 to €0
of which Non-recurring financial income: -€6,420
- Taxes +€5,667
up €5,667 (+125.8%), from €4,506 to €10,173
- Financial charges +€2,943
up €2,943 (+99.7%), from €2,951 to €5,894
- Depreciation +€945
up €945 (+14.7%), from €6,429 to €7,374
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 | €111,600 | €103,930 | -€7,670 | -6.9% |
| Fixed assets | 21/28 | €17,281 | €14,798 | -€2,484 | -14.4% |
| Intangible fixed assets | 21 | €5,947 | €3,974 | -€1,973 | -33.2% |
| Tangible fixed assets | 22/27 | €11,334 | €10,823 | -€511 | -4.5% |
| Plant, machinery and equipment | 23 | €4,895 | €2,740 | -€2,155 | -44.0% |
| Furniture and vehicles | 24 | €3,535 | €5,842 | +€2,307 | +65.3% |
| Other tangible fixed assets | 26 | €2,904 | €2,241 | -€663 | -22.8% |
| Current assets | 29/58 | €94,319 | €89,133 | -€5,186 | -5.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,985 | €2,115 | +€130 | +6.6% |
| Stocks | 30/36 | €1,985 | €2,115 | +€130 | +6.6% |
| Amounts receivable within one year | 40/41 | €18,209 | €26,917 | +€8,708 | +47.8% |
| Trade receivables | 40 | €17,485 | €26,089 | +€8,604 | +49.2% |
| Other amounts receivable | 41 | €723 | €827 | +€104 | +14.4% |
| Cash at bank and in hand | 54/58 | €48,219 | €37,339 | -€10,881 | -22.6% |
| Deferred charges and accrued income | 490/1 | €25,906 | €22,762 | -€3,144 | -12.1% |
| Total equity and liabilities | 10/49 | €111,600 | €103,930 | -€7,670 | -6.9% |
| Equity | 10/15 | €22,549 | €48,143 | +€25,594 | +113.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €21,049 | €46,643 | +€25,594 | +121.6% |
| Distributable reserves | 133 | €21,049 | €46,643 | +€25,594 | +121.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,051 | €55,787 | -€33,264 | -37.4% |
| Amounts payable within one year | 42/48 | €87,536 | €54,191 | -€33,345 | -38.1% |
| Financial debts | 43 | €0 | €110 | +€110 | |
| Credit institutions | 430/8 | €0 | €110 | +€110 | |
| Trade debts | 44 | €14,116 | €15,025 | +€909 | +6.4% |
| Suppliers | 440/4 | €14,116 | €15,025 | +€909 | +6.4% |
| Taxes, remuneration and social security | 45 | €5,409 | €5,179 | -€229 | -4.2% |
| Taxes | 450/3 | €5,409 | €5,179 | -€229 | -4.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €68,011 | €33,876 | -€34,135 | -50.2% |
| Accrued charges and deferred income | 492/3 | €1,515 | €1,597 | +€81 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,429 | €7,374 | +€945 | +14.7% |
| Other operating charges | 640/8 | €1,812 | €1,518 | -€295 | -16.3% |
| Non-recurring operating charges | 66A | €190 | €0 | -€190 | -100.0% |
| Gross operating margin | 9900 | €28,852 | €50,552 | +€21,700 | +75.2% |
| Operating profit (loss) | 9901 | €20,421 | €41,660 | +€21,240 | +104.0% |
| Financial income | 75/76B | €8,086 | €0 | -€8,086 | -100.0% |
| Recurring financial income | 75 | €1,665 | €0 | -€1,665 | -100.0% |
| Non-recurring financial income | 76B | €6,420 | €0 | -€6,420 | -100.0% |
| Financial charges | 65/66B | €2,951 | €5,894 | +€2,943 | +99.7% |
| Recurring financial charges | 65 | €2,951 | €5,894 | +€2,943 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €25,555 | €35,767 | +€10,211 | +40.0% |
| Income taxes | 67/77 | €4,506 | €10,173 | +€5,667 | +125.8% |
| Profit (loss) for the period | 9904 | €21,049 | €25,594 | +€4,544 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,049 | €25,594 | +€4,544 | +21.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.