BUVEX: 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.
What changed
BUVEX
NACE 70.200, Business and other management consultancy
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€2.4m
2023 · €85,270+€2.3m
Equity
€3.9m
2023 · €1.5m+€2.4m
Cash
€3,961
2023 · €1,880+€2,082
Balance sheet total
€6.7m
2023 · €6.7m+€76,491
Largest movements
Assets
- Current investments +€100,000
new in 2024: €100,000
Equity and liabilities
- Reserves +€2.4m
up €2.4m (+394.4%), from €602,294 to €3.0m
of which Distributable reserves: +€2.4m
- Other debts -€2.2m
down €2.2m (-49.5%), from €4.4m to €2.2m
Income statement
- Financial income +€2.5m
up €2.5m (+6736.5%), from €37,639 to €2.6m
- Gross operating margin -€116,883
down €116,883 (-57.1%), from €204,770 to €87,886
- Financial charges +€85,816
up €85,816 (+200.5%), from €42,795 to €128,612
- Depreciation +€18,455
up €18,455 (+35.2%), from €52,408 to €70,863
- Taxes -€16,019
down €16,019 (-34.2%), from €46,786 to €30,767
From the 2023 result to the 2024 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 2023
€85,270
Gross operating margin
-€116,883
Depreciation
-€18,455
Other operating charges
+€11,793
Other operating items
-€52,047
Financial income
+€2.5m
Financial charges
-€85,816
Taxes
+€16,019
Result 2024
€2.4m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€229,703
Investment
-€141,623
Financing
-€85,999
Cash 2023
€1,880
From operations (derived)
+€229,703
Net result for the year
+€2.4m
Depreciation
+€70,863
Smaller working-capital items
-€3,151
Trade debts
+€11,396
Tax, wage and social debts
-€55,617
Other debts
-€2.2m
Investment (derived)
-€141,623
Investment in fixed assets (net)
-€41,623
Current investments
-€100,000
Financing
-€85,999
Debts after one year
-€65,404
Current portion of long-term debt
-€4,368
Short-term financial debts
-€16,227
Cash 2024
€3,961
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,672,331 | €6,748,822 | +€76,491 | +1.1% |
| Fixed assets | 21/28 | €6,622,308 | €6,593,068 | -€29,241 | -0.4% |
| Tangible fixed assets | 22/27 | €755,898 | €726,658 | -€29,241 | -3.9% |
| Land and buildings | 22 | €626,631 | €585,846 | -€40,785 | -6.5% |
| Plant, machinery and equipment | 23 | €5,487 | €4,143 | -€1,344 | -24.5% |
| Furniture and vehicles | 24 | €123,780 | €136,668 | +€12,888 | +10.4% |
| Financial fixed assets | 28 | €5,866,410 | €5,866,410 | = | 0.0% |
| Current assets | 29/58 | €50,023 | €155,754 | +€105,732 | +211.4% |
| Amounts receivable within one year | 40/41 | €44,523 | €43,783 | -€740 | -1.7% |
| Trade receivables | 40 | €44,523 | €43,783 | -€740 | -1.7% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €1,880 | €3,961 | +€2,082 | +110.8% |
| Deferred charges and accrued income | 490/1 | €3,620 | €8,010 | +€4,390 | +121.3% |
| Total equity and liabilities | 10/49 | €6,672,331 | €6,748,822 | +€76,491 | +1.1% |
| Equity | 10/15 | €1,490,294 | €3,865,697 | +€2.4m | +159.4% |
| Contributions | 10/11 | €888,000 | €888,000 | = | 0.0% |
| Reserves | 13 | €602,294 | €2,977,697 | +€2.4m | +394.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,971 | €6,971 | = | 0.0% |
| Distributable reserves | 133 | €595,322 | €2,970,726 | +€2.4m | +399.0% |
| Amounts payable | 17/49 | €5,182,037 | €2,883,125 | -€2.3m | -44.4% |
| Amounts payable after more than one year | 17 | €529,935 | €464,531 | -€65,404 | -12.3% |
| Financial debts | 170/4 | €529,935 | €464,531 | -€65,404 | -12.3% |
| Amounts payable within one year | 42/48 | €4,643,602 | €2,409,595 | -€2.2m | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €69,771 | €65,404 | -€4,368 | -6.3% |
| Financial debts | 43 | €16,227 | €0 | -€16,227 | -100.0% |
| Credit institutions | 430/8 | €16,227 | €0 | -€16,227 | -100.0% |
| Trade debts | 44 | €90,905 | €102,300 | +€11,396 | +12.5% |
| Suppliers | 440/4 | €90,905 | €102,300 | +€11,396 | +12.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €88,510 | €32,893 | -€55,617 | -62.8% |
| Taxes | 450/3 | €88,510 | €32,893 | -€55,617 | -62.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,378,189 | €2,208,998 | -€2.2m | -49.5% |
| Accrued charges and deferred income | 492/3 | €8,500 | €8,998 | +€498 | +5.9% |
| Non-recurring operating income | 76A | €43,475 | €12,636 | -€30,838 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,408 | €70,863 | +€18,455 | +35.2% |
| Other operating charges | 640/8 | €15,149 | €3,356 | -€11,793 | -77.8% |
| Non-recurring operating charges | 66A | - | €52,047 | +€52,047 | |
| Gross operating margin | 9900 | €204,770 | €87,886 | -€116,883 | -57.1% |
| Operating profit (loss) | 9901 | €137,212 | -€38,380 | -€175,592 | |
| Financial income | 75/76B | €37,639 | €2,573,161 | +€2.5m | +6736.5% |
| Recurring financial income | 75 | €37,639 | €2,573,161 | +€2.5m | +6736.5% |
| Financial charges | 65/66B | €42,795 | €128,612 | +€85,816 | +200.5% |
| Recurring financial charges | 65 | €42,795 | €128,612 | +€85,816 | +200.5% |
| Profit (loss) for the period before taxes | 9903 | €132,056 | €2,406,170 | +€2.3m | +1722.1% |
| Income taxes | 67/77 | €46,786 | €30,767 | -€16,019 | -34.2% |
| Profit (loss) for the period | 9904 | €85,270 | €2,375,404 | +€2.3m | +2685.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,270 | €2,375,404 | +€2.3m | +2685.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.