Buvetex: 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.
What changed
Buvetex
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€179,226
2024 · €171,876+€7,350
Equity
€1.3m
2024 · €1.1m+€179,226
Cash
€373,100
2024 · €314,424+€58,676
Balance sheet total
€1.3m
2024 · €1.3m+€15,254
Largest movements
Assets
- Cash +€58,676
up €58,676 (+18.7%), from €314,424 to €373,100
mainly Net result for the year (+€179,226) and Depreciation (+€35,657)
- Tangible fixed assets -€35,657
down €35,657 (-3.7%), from €973,230 to €937,572
Equity and liabilities
- Profit (loss) carried forward +€179,778
up €179,778 (+723.6%), from €24,845 to €204,622
- Other debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
Income statement
- Turnover +€393,719
new in 2025: €393,719
- Purchases and services +€85,905
new in 2025: €85,905
- Gross operating margin +€10,113
up €10,113 (+3.4%), from €297,701 to €307,814
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.
Result 2024
€171,876
Gross operating margin
+€10,113
Depreciation
+€0
Other operating charges
-€326
Financial income
+€4
Financial charges
-€91
Taxes
-€2,350
Result 2025
€179,226
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.
From operations
+€58,676
Investment
€0
Financing
€0
Cash 2024
€314,424
From operations (derived)
+€58,676
Net result for the year
+€179,226
Depreciation
+€35,657
Receivables within one year
-€1,045
Deferred charges and accrued income
+€8,809
Provisions
-€184
Trade debts
-€7,798
Tax, wage and social debts
-€7,576
Other debts
-€150,000
Accrued charges and deferred income
+€1,587
Cash 2025
€373,100
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,303,744 | €1,318,998 | +€15,254 | +1.2% |
| Fixed assets | 21/28 | €973,230 | €937,572 | -€35,657 | -3.7% |
| Tangible fixed assets | 22/27 | €973,230 | €937,572 | -€35,657 | -3.7% |
| Land and buildings | 22 | €973,230 | €937,572 | -€35,657 | -3.7% |
| Current assets | 29/58 | €330,514 | €381,426 | +€50,912 | +15.4% |
| Amounts receivable within one year | 40/41 | €6,186 | €7,232 | +€1,045 | +16.9% |
| Trade receivables | 40 | €1,268 | €0 | -€1,268 | -100.0% |
| Other amounts receivable | 41 | €4,918 | €7,232 | +€2,313 | +47.0% |
| Cash at bank and in hand | 54/58 | €314,424 | €373,100 | +€58,676 | +18.7% |
| Deferred charges and accrued income | 490/1 | €9,904 | €1,095 | -€8,809 | -88.9% |
| Total equity and liabilities | 10/49 | €1,303,744 | €1,318,998 | +€15,254 | +1.2% |
| Equity | 10/15 | €1,110,534 | €1,289,760 | +€179,226 | +16.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €729,643 | €729,643 | = | 0.0% |
| Reserves | 13 | €294,046 | €293,494 | -€552 | -0.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €287,846 | €287,294 | -€552 | -0.2% |
| Profit (loss) carried forward | 14 | €24,845 | €204,622 | +€179,778 | +723.6% |
| Provisions and deferred taxes | 16 | €920 | €736 | -€184 | -20.0% |
| Deferred taxes | 168 | €920 | €736 | -€184 | -20.0% |
| Amounts payable | 17/49 | €192,290 | €28,503 | -€163,788 | -85.2% |
| Amounts payable within one year | 42/48 | €166,491 | €1,116 | -€165,375 | -99.3% |
| Trade debts | 44 | €8,915 | €1,116 | -€7,798 | -87.5% |
| Suppliers | 440/4 | €8,915 | €1,116 | -€7,798 | -87.5% |
| Taxes, remuneration and social security | 45 | €7,576 | €0 | -€7,576 | -100.0% |
| Taxes | 450/3 | €7,576 | €0 | -€7,576 | -100.0% |
| Other amounts payable | 47/48 | €150,000 | €0 | -€150,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €25,799 | €27,386 | +€1,587 | +6.2% |
| Turnover | 70 | - | €393,719 | +€393,719 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €85,905 | +€85,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,657 | €35,657 | -€0 | 0.0% |
| Other operating charges | 640/8 | €32,776 | €33,101 | +€326 | +1.0% |
| Gross operating margin | 9900 | €297,701 | €307,814 | +€10,113 | +3.4% |
| Operating profit (loss) | 9901 | €229,268 | €239,055 | +€9,787 | +4.3% |
| Financial income | 75/76B | €0 | €4 | +€4 | +1676.2% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +1676.2% |
| Financial charges | 65/66B | €0 | €91 | +€91 | +101033.3% |
| Recurring financial charges | 65 | €0 | €91 | +€91 | +101033.3% |
| Profit (loss) for the period before taxes | 9903 | €229,268 | €238,968 | +€9,700 | +4.2% |
| Transfer from deferred taxes | 780 | €184 | €184 | = | 0.0% |
| Income taxes | 67/77 | €57,576 | €59,926 | +€2,350 | +4.1% |
| Profit (loss) for the period | 9904 | €171,876 | €179,226 | +€7,350 | +4.3% |
| Transfer from tax-exempt reserves | 789 | €552 | €552 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €172,428 | €179,778 | +€7,350 | +4.3% |
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 5 October 2026 via checked.be.