Buyse Engineering: 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.
Buyse Engineering
Largest movements
- Receivables after one year -€240,000
down €240,000 (-100.0%), from €240,000 to €0
- Tangible fixed assets +€95,991
up €95,991 (+1157.6%), from €8,292 to €104,283
of which Furniture and vehicles: +€87,813
- Receivables within one year -€23,704
down €23,704 (-42.2%), from €56,181 to €32,477
of which Trade receivables: -€22,465
- Cash +€22,123
up €22,123 (+115.3%), from €19,184 to €41,307
mainly Receivables after one year (+€240,000) and Receivables within one year (+€23,704)
- Stocks and contracts -€3,405
down €3,405 (-100.0%), from €3,405 to €0
- Reserves -€78,500
down €78,500 (-69.5%), from €113,000 to €34,500
- Debts after one year -€67,519
down €67,519 (-56.3%), from €120,000 to €52,481
- Other debts -€15,429
down €15,429 (-18.8%), from €81,855 to €66,426
- Current portion of long-term debt +€13,213
new in 2025: €13,213
- Trade debts -€4,537
down €4,537 (-62.2%), from €7,290 to €2,753
- Gross operating margin -€46,803
down €46,803 (-65.0%), from €72,048 to €25,244
- Taxes -€9,303
down €9,303 (-65.9%), from €14,115 to €4,812
- Financial income +€5,229
up €5,229 (+671.5%), from €779 to €6,007
of which Financial income: +€5,144
- Depreciation +€5,083
up €5,083 (+62.5%), from €8,139 to €13,222
- Financial charges +€750
up €750 (+738.3%), from €102 to €851
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 | €328,168 | €178,068 | -€150,100 | -45.7% |
| Fixed assets | 21/28 | €8,292 | €104,283 | +€95,991 | +1157.6% |
| Tangible fixed assets | 22/27 | €8,292 | €104,283 | +€95,991 | +1157.6% |
| Plant, machinery and equipment | 23 | €5,356 | €2,472 | -€2,884 | -53.8% |
| Furniture and vehicles | 24 | €2,936 | €90,749 | +€87,813 | +2990.9% |
| Other tangible fixed assets | 26 | - | €11,063 | +€11,063 | |
| Current assets | 29/58 | €319,876 | €73,784 | -€246,092 | -76.9% |
| Amounts receivable after more than one year | 29 | €240,000 | €0 | -€240,000 | -100.0% |
| Other amounts receivable | 291 | €240,000 | €0 | -€240,000 | -100.0% |
| Stocks and contracts in progress | 3 | €3,405 | €0 | -€3,405 | -100.0% |
| Stocks | 30/36 | €3,405 | €0 | -€3,405 | -100.0% |
| Amounts receivable within one year | 40/41 | €56,181 | €32,477 | -€23,704 | -42.2% |
| Trade receivables | 40 | €51,656 | €29,191 | -€22,465 | -43.5% |
| Other amounts receivable | 41 | €4,524 | €3,286 | -€1,239 | -27.4% |
| Cash at bank and in hand | 54/58 | €19,184 | €41,307 | +€22,123 | +115.3% |
| Deferred charges and accrued income | 490/1 | €1,105 | €0 | -€1,105 | -100.0% |
| Total equity and liabilities | 10/49 | €328,168 | €178,068 | -€150,100 | -45.7% |
| Equity | 10/15 | €115,500 | €37,000 | -€78,500 | -68.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €113,000 | €34,500 | -€78,500 | -69.5% |
| Distributable reserves | 133 | €113,000 | €34,500 | -€78,500 | -69.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €212,668 | €141,068 | -€71,600 | -33.7% |
| Amounts payable after more than one year | 17 | €120,000 | €52,481 | -€67,519 | -56.3% |
| Financial debts | 170/4 | €120,000 | €52,481 | -€67,519 | -56.3% |
| Amounts payable within one year | 42/48 | €92,666 | €88,585 | -€4,082 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | - | €13,213 | +€13,213 | |
| Trade debts | 44 | €7,290 | €2,753 | -€4,537 | -62.2% |
| Suppliers | 440/4 | €7,290 | €2,753 | -€4,537 | -62.2% |
| Taxes, remuneration and social security | 45 | €3,522 | €6,193 | +€2,671 | +75.9% |
| Taxes | 450/3 | €3,362 | €6,033 | +€2,671 | +79.5% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €81,855 | €66,426 | -€15,429 | -18.8% |
| Accrued charges and deferred income | 492/3 | €1 | €1 | +€0 | +5.3% |
| Non-recurring operating income | 76A | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,139 | €13,222 | +€5,083 | +62.5% |
| Other operating charges | 640/8 | €717 | €941 | +€224 | +31.2% |
| Gross operating margin | 9900 | €72,048 | €25,244 | -€46,803 | -65.0% |
| Operating profit (loss) | 9901 | €63,192 | €11,082 | -€52,110 | -82.5% |
| Financial income | 75/76B | €779 | €6,007 | +€5,229 | +671.5% |
| Recurring financial income | 75 | €779 | €5,923 | +€5,144 | +660.6% |
| Non-recurring financial income | 76B | - | €84 | +€84 | |
| Financial charges | 65/66B | €102 | €851 | +€750 | +738.3% |
| Recurring financial charges | 65 | €102 | €851 | +€750 | +738.3% |
| Profit (loss) for the period before taxes | 9903 | €63,869 | €16,238 | -€47,631 | -74.6% |
| Income taxes | 67/77 | €14,115 | €4,812 | -€9,303 | -65.9% |
| Profit (loss) for the period | 9904 | €49,754 | €11,426 | -€38,328 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,754 | €11,426 | -€38,328 | -77.0% |
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.