BUVENS: 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.
BUVENS
Largest movements
- Tangible fixed assets -€9,057
down €9,057 (-4.4%), from €204,259 to €195,202
of which Plant, machinery and equipment: -€9,111
- Cash -€5,436
down €5,436 (-3.8%), from €141,851 to €136,415
mainly Net result for the year (-€54,979) and Investment in fixed assets (net) (-€26,827)
- Profit (loss) carried forward -€54,979
down €54,979 (-49.4%), from €111,246 to €56,268
- Debts after one year +€44,862
up €44,862 (+455.7%), from €9,844 to €54,706
- Trade debts -€13,433
down €13,433 (-8.3%), from €161,878 to €148,445
- Current portion of long-term debt +€13,061
up €13,061 (+476.1%), from €2,743 to €15,805
- Gross operating margin -€38,727
down €38,727 (-11.5%), from €337,938 to €299,211
- Staff costs +€11,248
up €11,248 (+3.7%), from €303,073 to €314,321
- Depreciation +€7,195
up €7,195 (+25.1%), from €28,689 to €35,884
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 | €437,663 | €427,983 | -€9,680 | -2.2% |
| Fixed assets | 21/28 | €204,259 | €195,202 | -€9,057 | -4.4% |
| Tangible fixed assets | 22/27 | €204,259 | €195,202 | -€9,057 | -4.4% |
| Land and buildings | 22 | €105,308 | €102,220 | -€3,088 | -2.9% |
| Plant, machinery and equipment | 23 | €98,951 | €89,840 | -€9,111 | -9.2% |
| Furniture and vehicles | 24 | - | €3,143 | +€3,143 | |
| Current assets | 29/58 | €233,404 | €232,781 | -€624 | -0.3% |
| Stocks and contracts in progress | 3 | €38,373 | €40,582 | +€2,210 | +5.8% |
| Stocks | 30/36 | €38,373 | €40,582 | +€2,210 | +5.8% |
| Amounts receivable within one year | 40/41 | €52,496 | €55,252 | +€2,756 | +5.2% |
| Trade receivables | 40 | €29,551 | €31,191 | +€1,640 | +5.5% |
| Other amounts receivable | 41 | €22,944 | €24,061 | +€1,116 | +4.9% |
| Cash at bank and in hand | 54/58 | €141,851 | €136,415 | -€5,436 | -3.8% |
| Deferred charges and accrued income | 490/1 | €686 | €531 | -€154 | -22.5% |
| Total equity and liabilities | 10/49 | €437,663 | €427,983 | -€9,680 | -2.2% |
| Equity | 10/15 | €145,651 | €90,673 | -€54,979 | -37.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €15,855 | €15,855 | = | 0.0% |
| Distributable reserves | 133 | €15,855 | €15,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,246 | €56,268 | -€54,979 | -49.4% |
| Amounts payable | 17/49 | €292,012 | €337,310 | +€45,299 | +15.5% |
| Amounts payable after more than one year | 17 | €9,844 | €54,706 | +€44,862 | +455.7% |
| Financial debts | 170/4 | €9,844 | €54,706 | +€44,862 | +455.7% |
| Amounts payable within one year | 42/48 | €281,242 | €281,678 | +€436 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €2,743 | €15,805 | +€13,061 | +476.1% |
| Trade debts | 44 | €161,878 | €148,445 | -€13,433 | -8.3% |
| Suppliers | 440/4 | €161,878 | €148,445 | -€13,433 | -8.3% |
| Taxes, remuneration and social security | 45 | €51,540 | €52,415 | +€875 | +1.7% |
| Taxes | 450/3 | €9,057 | €9,947 | +€890 | +9.8% |
| Remuneration and social security | 454/9 | €42,483 | €42,468 | -€15 | 0.0% |
| Other amounts payable | 47/48 | €65,081 | €65,014 | -€67 | -0.1% |
| Accrued charges and deferred income | 492/3 | €926 | €926 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €303,073 | €314,321 | +€11,248 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,689 | €35,884 | +€7,195 | +25.1% |
| Other operating charges | 640/8 | €2,111 | €2,454 | +€344 | +16.3% |
| Gross operating margin | 9900 | €337,938 | €299,211 | -€38,727 | -11.5% |
| Operating profit (loss) | 9901 | €4,065 | -€53,448 | -€57,514 | |
| Financial income | 75/76B | €275 | €42 | -€233 | -84.8% |
| Recurring financial income | 75 | €275 | €42 | -€233 | -84.8% |
| Financial charges | 65/66B | €2,957 | €1,572 | -€1,385 | -46.8% |
| Recurring financial charges | 65 | €1,907 | €1,572 | -€335 | -17.6% |
| Non-recurring financial charges | 66B | €1,050 | - | -€1,050 | |
| Profit (loss) for the period before taxes | 9903 | €1,383 | -€54,979 | -€56,362 | |
| Profit (loss) for the period | 9904 | €1,383 | -€54,979 | -€56,362 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,383 | -€54,979 | -€56,362 |
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.