BUYTAERT: what changed
BUYTAERT
Largest movements
- Cash +€32,749
up €32,749 (+303%), from €10,797 to €43,546
mainly Net result for the year (+€21,900) and Depreciation (+€14,648)
- Tangible fixed assets -€14,008
down €14,008 (-23.4%), from €59,847 to €45,839
of which Land and buildings: -€11,628
- Current investments +€11,704
up €11,704 (+31.1%), from €37,597 to €49,301
- Receivables within one year -€10,285
down €10,285 (-20.5%), from €50,205 to €39,920
of which Other amounts receivable: -€5,300
- Reserves +€21,900
up €21,900 (+26.5%), from €82,489 to €104,389
- Other debts -€7,645
down €7,645 (-27.1%), from €28,204 to €20,559
- Tax, wage and social debts +€4,750
up €4,750 (+61.5%), from €7,720 to €12,469
- Gross operating margin +€16,871
up €16,871 (+48.7%), from €34,608 to €51,480
- Taxes +€5,723
up €5,723 (+79.5%), from €7,196 to €12,919
- Financial income +€2,155
up €2,155 (+2,939%), from €73 to €2,228
- Financial charges -€1,196
down €1,196 (-40.6%), from €2,949 to €1,753
- Other operating charges -€719
down €719 (-22.4%), from €3,208 to €2,489
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,890 | €181,377 | +€19,488 | +12.0% |
| Fixed assets | 21/28 | €60,722 | €46,714 | -€14,008 | -23.1% |
| Tangible fixed assets | 22/27 | €59,847 | €45,839 | -€14,008 | -23.4% |
| Land and buildings | 22 | €48,519 | €36,891 | -€11,628 | -24.0% |
| Plant, machinery and equipment | 23 | €10,480 | €8,515 | -€1,965 | -18.7% |
| Furniture and vehicles | 24 | €848 | €433 | -€415 | -48.9% |
| Financial fixed assets | 28 | €875 | €875 | = | 0.0% |
| Current assets | 29/58 | €101,167 | €134,663 | +€33,495 | +33.1% |
| Amounts receivable within one year | 40/41 | €50,205 | €39,920 | -€10,285 | -20.5% |
| Trade receivables | 40 | €35,014 | €30,029 | -€4,985 | -14.2% |
| Other amounts receivable | 41 | €15,191 | €9,891 | -€5,300 | -34.9% |
| Current investments | 50/53 | €37,597 | €49,301 | +€11,704 | +31.1% |
| Cash at bank and in hand | 54/58 | €10,797 | €43,546 | +€32,749 | +303% |
| Deferred charges and accrued income | 490/1 | €2,569 | €1,896 | -€673 | -26.2% |
| Total equity and liabilities | 10/49 | €161,890 | €181,377 | +€19,488 | +12.0% |
| Equity | 10/15 | €117,361 | €139,261 | +€21,900 | +18.7% |
| Contributions | 10/11 | €34,871 | €34,871 | = | 0.0% |
| Reserves | 13 | €82,489 | €104,389 | +€21,900 | +26.5% |
| Distributable reserves | 133 | €82,489 | €104,389 | +€21,900 | +26.5% |
| Amounts payable | 17/49 | €44,529 | €42,116 | -€2,412 | -5.4% |
| Amounts payable within one year | 42/48 | €42,029 | €40,366 | -€1,662 | -4.0% |
| Trade debts | 44 | €6,106 | €7,338 | +€1,233 | +20.2% |
| Suppliers | 440/4 | €6,106 | €7,338 | +€1,233 | +20.2% |
| Taxes, remuneration and social security | 45 | €7,720 | €12,469 | +€4,750 | +61.5% |
| Taxes | 450/3 | €7,720 | €12,469 | +€4,750 | +61.5% |
| Other amounts payable | 47/48 | €28,204 | €20,559 | -€7,645 | -27.1% |
| Accrued charges and deferred income | 492/3 | €2,500 | €1,750 | -€750 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,229 | €14,648 | +€418 | +2.9% |
| Other operating charges | 640/8 | €3,208 | €2,489 | -€719 | -22.4% |
| Gross operating margin | 9900 | €34,608 | €51,480 | +€16,871 | +48.7% |
| Operating profit (loss) | 9901 | €17,172 | €34,344 | +€17,172 | +100% |
| Financial income | 75/76B | €73 | €2,228 | +€2,155 | +2,939% |
| Recurring financial income | 75 | €73 | €2,228 | +€2,155 | +2,939% |
| Financial charges | 65/66B | €2,949 | €1,753 | -€1,196 | -40.6% |
| Recurring financial charges | 65 | €2,949 | €1,753 | -€1,196 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €14,296 | €34,819 | +€20,524 | +144% |
| Income taxes | 67/77 | €7,196 | €12,919 | +€5,723 | +79.5% |
| Profit (loss) for the period | 9904 | €7,100 | €21,900 | +€14,800 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €7,100 | €21,900 | +€14,800 | +208% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.