BUVEKTRO: 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.
BUVEKTRO
Largest movements
- Cash +€51,150
up €51,150 (+60.8%), from €84,148 to €135,298
mainly Trade debts (+€69,292) and Debts after one year (+€24,076)
- Tangible fixed assets +€38,838
up €38,838 (+629.6%), from €6,168 to €45,007
of which Furniture and vehicles: +€40,135
- Receivables within one year +€19,327
up €19,327 (+154.7%), from €12,497 to €31,823
of which Trade receivables: +€16,377
- Trade debts +€69,292
up €69,292 (+1509.3%), from €4,591 to €73,883
- Debts after one year +€24,076
new in 2025: €24,076
- Current portion of long-term debt +€8,260
new in 2025: €8,260
- Reserves +€5,753
up €5,753 (+13.9%), from €41,310 to €47,063
- Gross operating margin -€63,305
down €63,305 (-81.8%), from €77,352 to €14,048
- Taxes -€14,269
down €14,269 (-90.7%), from €15,729 to €1,460
- Depreciation +€2,650
up €2,650 (+101.0%), from €2,625 to €5,274
- Financial charges +€882
up €882 (+2257.8%), from €39 to €921
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 | €102,814 | €212,128 | +€109,315 | +106.3% |
| Fixed assets | 21/28 | €6,168 | €45,007 | +€38,838 | +629.6% |
| Tangible fixed assets | 22/27 | €6,168 | €45,007 | +€38,838 | +629.6% |
| Plant, machinery and equipment | 23 | €1,297 | €0 | -€1,297 | -100.0% |
| Furniture and vehicles | 24 | €4,872 | €45,007 | +€40,135 | +823.8% |
| Current assets | 29/58 | €96,645 | €167,122 | +€70,476 | +72.9% |
| Amounts receivable within one year | 40/41 | €12,497 | €31,823 | +€19,327 | +154.7% |
| Trade receivables | 40 | €8,189 | €24,566 | +€16,377 | +200.0% |
| Other amounts receivable | 41 | €4,308 | €7,257 | +€2,950 | +68.5% |
| Cash at bank and in hand | 54/58 | €84,148 | €135,298 | +€51,150 | +60.8% |
| Total equity and liabilities | 10/49 | €102,814 | €212,128 | +€109,315 | +106.3% |
| Equity | 10/15 | €50,310 | €56,063 | +€5,753 | +11.4% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €41,310 | €47,063 | +€5,753 | +13.9% |
| Distributable reserves | 133 | €41,310 | €47,063 | +€5,753 | +13.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €52,503 | €156,065 | +€103,562 | +197.2% |
| Amounts payable after more than one year | 17 | - | €24,076 | +€24,076 | |
| Financial debts | 170/4 | - | €24,076 | +€24,076 | |
| Amounts payable within one year | 42/48 | €52,503 | €131,989 | +€79,486 | +151.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,260 | +€8,260 | |
| Trade debts | 44 | €4,591 | €73,883 | +€69,292 | +1509.3% |
| Suppliers | 440/4 | €4,591 | €73,883 | +€69,292 | +1509.3% |
| Taxes, remuneration and social security | 45 | €15,729 | €17,189 | +€1,460 | +9.3% |
| Taxes | 450/3 | €15,729 | €17,189 | +€1,460 | +9.3% |
| Other amounts payable | 47/48 | €32,183 | €32,658 | +€475 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,625 | €5,274 | +€2,650 | +101.0% |
| Other operating charges | 640/8 | €186 | €640 | +€455 | +244.8% |
| Gross operating margin | 9900 | €77,352 | €14,048 | -€63,305 | -81.8% |
| Operating profit (loss) | 9901 | €74,542 | €8,133 | -€66,409 | -89.1% |
| Financial income | 75/76B | €1 | €1 | +€0 | +29.5% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +29.5% |
| Financial charges | 65/66B | €39 | €921 | +€882 | +2257.8% |
| Recurring financial charges | 65 | €39 | €921 | +€882 | +2257.8% |
| Profit (loss) for the period before taxes | 9903 | €74,504 | €7,213 | -€67,291 | -90.3% |
| Income taxes | 67/77 | €15,729 | €1,460 | -€14,269 | -90.7% |
| Profit (loss) for the period | 9904 | €58,775 | €5,753 | -€53,022 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,775 | €5,753 | -€53,022 | -90.2% |
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 9 October 2026 via checked.be.