Dr. Arvy Buttiens: 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.
Dr. Arvy Buttiens
Largest movements
- Cash +€191,878
up €191,878 (+172%), from €111,535 to €303,413
mainly Net result for the year (+€287,023) and Tax, wage and social debts (+€7,756)
- Receivables within one year +€108,974
up €108,974 (+10,283%), from €1,060 to €110,034
of which Trade receivables: +€110,034
- Reserves +€287,023
up €287,023 (+311%), from €92,275 to €379,298
- Tax, wage and social debts +€7,756
up €7,756 (+36.4%), from €21,282 to €29,038
of which Taxes: +€10,556
- Gross operating margin +€287,520
up €287,520 (+300%), from €95,896 to €383,416
- Taxes +€72,010
up €72,010 (+390%), from €18,482 to €90,491
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.
Derived cash bridge
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 | €117,331 | €415,035 | +€297,703 | +254% |
| Fixed assets | 21/28 | €4,737 | €1,588 | -€3,149 | -66.5% |
| Tangible fixed assets | 22/27 | €4,737 | €1,588 | -€3,149 | -66.5% |
| Furniture and vehicles | 24 | €4,737 | €1,588 | -€3,149 | -66.5% |
| Current assets | 29/58 | €112,595 | €413,447 | +€300,852 | +267% |
| Amounts receivable within one year | 40/41 | €1,060 | €110,034 | +€108,974 | +10,283% |
| Trade receivables | 40 | €0 | €110,034 | +€110,034 | |
| Other amounts receivable | 41 | €1,060 | €0 | -€1,060 | -100% |
| Cash at bank and in hand | 54/58 | €111,535 | €303,413 | +€191,878 | +172% |
| Total equity and liabilities | 10/49 | €117,331 | €415,035 | +€297,703 | +254% |
| Equity | 10/15 | €94,775 | €381,798 | +€287,023 | +303% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €92,275 | €379,298 | +€287,023 | +311% |
| Distributable reserves | 133 | €92,275 | €379,298 | +€287,023 | +311% |
| Amounts payable | 17/49 | €22,556 | €33,237 | +€10,681 | +47.4% |
| Amounts payable within one year | 42/48 | €22,556 | €33,237 | +€10,681 | +47.4% |
| Trade debts | 44 | €1,274 | €1,778 | +€503 | +39.5% |
| Suppliers | 440/4 | €1,274 | €1,778 | +€503 | +39.5% |
| Taxes, remuneration and social security | 45 | €21,282 | €29,038 | +€7,756 | +36.4% |
| Taxes | 450/3 | €18,482 | €29,038 | +€10,556 | +57.1% |
| Remuneration and social security | 454/9 | €2,800 | €0 | -€2,800 | -100% |
| Other amounts payable | 47/48 | - | €2,422 | +€2,422 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,149 | €3,149 | = | 0.0% |
| Other operating charges | 640/8 | €668 | €771 | +€103 | +15.4% |
| Gross operating margin | 9900 | €95,896 | €383,416 | +€287,520 | +300% |
| Operating profit (loss) | 9901 | €92,079 | €379,497 | +€287,417 | +312% |
| Financial income | 75/76B | €46 | €0 | -€46 | -100% |
| Recurring financial income | 75 | €46 | €0 | -€46 | -100% |
| Financial charges | 65/66B | €2,272 | €1,983 | -€290 | -12.7% |
| Recurring financial charges | 65 | €2,272 | €1,983 | -€290 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €89,853 | €377,514 | +€287,661 | +320% |
| Income taxes | 67/77 | €18,482 | €90,491 | +€72,010 | +390% |
| Profit (loss) for the period | 9904 | €71,372 | €287,023 | +€215,651 | +302% |
| Profit (loss) for the period to be appropriated | 9905 | €71,372 | €287,023 | +€215,651 | +302% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.