BUVE: 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.
BUVE
Largest movements
- Receivables within one year +€48,860
up €48,860 (+33.7%), from €144,886 to €193,746
- Intangible fixed assets -€6,500
down €6,500 (-19.4%), from €33,566 to €27,066
- Cash -€4,886
down €4,886 (-48.1%), from €10,161 to €5,275
mainly Receivables within one year (-€48,860) and Current portion of long-term debt (-€3,884)
- Trade debts +€19,757
up €19,757 (+61.6%), from €32,060 to €51,817
- Profit (loss) carried forward +€10,233
up €10,233 (+113.9%), from €8,982 to €19,214
- Tax, wage and social debts +€10,154
up €10,154 (+17.9%), from €56,782 to €66,936
of which Taxes: +€20,498
- Current portion of long-term debt -€3,884
down €3,884 (-24.5%), from €15,842 to €11,958
- Gross operating margin +€11,724
up €11,724 (+24.6%), from €47,647 to €59,371
- Financial income -€6,888
down €6,888 (-98.7%), from €6,977 to €89
- Staff costs +€3,704
up €3,704 (+67.8%), from €5,466 to €9,170
- Financial charges +€1,839
up €1,839 (+6.6%), from €27,808 to €29,647
- Other operating charges -€1,413
down €1,413 (-40.3%), from €3,509 to €2,097
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 | €205,248 | €241,508 | +€36,260 | +17.7% |
| Fixed assets | 21/28 | €42,701 | €34,987 | -€7,714 | -18.1% |
| Intangible fixed assets | 21 | €33,566 | €27,066 | -€6,500 | -19.4% |
| Tangible fixed assets | 22/27 | €4,401 | €2,586 | -€1,814 | -41.2% |
| Plant, machinery and equipment | 23 | €3,818 | €2,131 | -€1,687 | -44.2% |
| Furniture and vehicles | 24 | €583 | €455 | -€128 | -21.9% |
| Financial fixed assets | 28 | €4,735 | €5,335 | +€600 | +12.7% |
| Current assets | 29/58 | €162,547 | €206,521 | +€43,974 | +27.1% |
| Stocks and contracts in progress | 3 | €7,500 | €7,500 | = | 0.0% |
| Stocks | 30/36 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €144,886 | €193,746 | +€48,860 | +33.7% |
| Other amounts receivable | 41 | €144,886 | €193,746 | +€48,860 | +33.7% |
| Cash at bank and in hand | 54/58 | €10,161 | €5,275 | -€4,886 | -48.1% |
| Total equity and liabilities | 10/49 | €205,248 | €241,508 | +€36,260 | +17.7% |
| Equity | 10/15 | €100,564 | €110,796 | +€10,233 | +10.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | - | -€6,197 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,403 | - | -€12,403 | |
| Reserves | 13 | €85,385 | €85,385 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €83,525 | €83,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,982 | €19,214 | +€10,233 | +113.9% |
| Amounts payable | 17/49 | €104,684 | €130,711 | +€26,027 | +24.9% |
| Amounts payable within one year | 42/48 | €104,684 | €130,711 | +€26,027 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €15,842 | €11,958 | -€3,884 | -24.5% |
| Trade debts | 44 | €32,060 | €51,817 | +€19,757 | +61.6% |
| Suppliers | 440/4 | €32,060 | €51,817 | +€19,757 | +61.6% |
| Taxes, remuneration and social security | 45 | €56,782 | €66,936 | +€10,154 | +17.9% |
| Taxes | 450/3 | €38,038 | €58,536 | +€20,498 | +53.9% |
| Remuneration and social security | 454/9 | €18,744 | €8,400 | -€10,344 | -55.2% |
| Remuneration, social security and pensions | 62 | €5,466 | €9,170 | +€3,704 | +67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,115 | €8,314 | -€801 | -8.8% |
| Other operating charges | 640/8 | €3,509 | €2,097 | -€1,413 | -40.3% |
| Gross operating margin | 9900 | €47,647 | €59,371 | +€11,724 | +24.6% |
| Operating profit (loss) | 9901 | €29,557 | €39,790 | +€10,233 | +34.6% |
| Financial income | 75/76B | €6,977 | €89 | -€6,888 | -98.7% |
| Recurring financial income | 75 | €6,977 | €89 | -€6,888 | -98.7% |
| Financial charges | 65/66B | €27,808 | €29,647 | +€1,839 | +6.6% |
| Recurring financial charges | 65 | €27,808 | €29,647 | +€1,839 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €8,726 | €10,233 | +€1,507 | +17.3% |
| Profit (loss) for the period | 9904 | €8,726 | €10,233 | +€1,507 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,726 | €10,233 | +€1,507 | +17.3% |
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.