Erik Buckens: 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.
Erik Buckens
Largest movements
- Tangible fixed assets +€59,551
up €59,551 (+47.5%), from €125,332 to €184,884
of which Furniture and vehicles: +€70,110
- Cash +€54,119
up €54,119 (+123%), from €44,177 to €98,296
mainly Net result for the year (+€63,559) and Debts after one year (+€44,498)
- Receivables within one year -€32,050
down €32,050 (-57.9%), from €55,322 to €23,272
of which Trade receivables: -€18,202
- Deferred charges and accrued income -€3,647
down €3,647 (-89.8%), from €4,062 to €415
- Debts after one year +€44,498
new in 2025: €44,498
- Other debts +€28,958
up €28,958 (+74.6%), from €38,843 to €67,801
- Current portion of long-term debt +€13,503
new in 2025: €13,503
- Reserves -€8,511
down €8,511 (-5.0%), from €170,707 to €162,196
- Gross operating margin +€27,701
up €27,701 (+29.6%), from €93,519 to €121,220
- Depreciation +€14,829
up €14,829 (+125%), from €11,899 to €26,727
- Other operating charges -€9,495
down €9,495 (-91.5%), from €10,378 to €883
- Taxes +€3,313
up €3,313 (+13.5%), from €24,566 to €27,880
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 | €228,893 | €306,867 | +€77,973 | +34.1% |
| Fixed assets | 21/28 | €125,332 | €184,884 | +€59,551 | +47.5% |
| Tangible fixed assets | 22/27 | €125,332 | €184,884 | +€59,551 | +47.5% |
| Land and buildings | 22 | €108,705 | €98,925 | -€9,780 | -9.0% |
| Plant, machinery and equipment | 23 | €1,897 | €1,118 | -€779 | -41.1% |
| Furniture and vehicles | 24 | €14,730 | €84,840 | +€70,110 | +476% |
| Current assets | 29/58 | €103,561 | €121,983 | +€18,422 | +17.8% |
| Amounts receivable within one year | 40/41 | €55,322 | €23,272 | -€32,050 | -57.9% |
| Trade receivables | 40 | €38,894 | €20,692 | -€18,202 | -46.8% |
| Other amounts receivable | 41 | €16,428 | €2,580 | -€13,848 | -84.3% |
| Cash at bank and in hand | 54/58 | €44,177 | €98,296 | +€54,119 | +123% |
| Deferred charges and accrued income | 490/1 | €4,062 | €415 | -€3,647 | -89.8% |
| Total equity and liabilities | 10/49 | €228,893 | €306,867 | +€77,973 | +34.1% |
| Equity | 10/15 | €175,707 | €167,196 | -€8,511 | -4.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €170,707 | €162,196 | -€8,511 | -5.0% |
| Distributable reserves | 133 | €170,707 | €162,196 | -€8,511 | -5.0% |
| Amounts payable | 17/49 | €53,187 | €139,671 | +€86,485 | +163% |
| Amounts payable after more than one year | 17 | - | €44,498 | +€44,498 | |
| Financial debts | 170/4 | - | €44,498 | +€44,498 | |
| Amounts payable within one year | 42/48 | €53,187 | €95,173 | +€41,987 | +78.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,503 | +€13,503 | |
| Trade debts | 44 | €1,876 | €3,300 | +€1,424 | +75.9% |
| Suppliers | 440/4 | €1,876 | €3,300 | +€1,424 | +75.9% |
| Taxes, remuneration and social security | 45 | €12,467 | €10,569 | -€1,898 | -15.2% |
| Taxes | 450/3 | €12,467 | €10,569 | -€1,898 | -15.2% |
| Other amounts payable | 47/48 | €38,843 | €67,801 | +€28,958 | +74.6% |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,899 | €26,727 | +€14,829 | +125% |
| Other operating charges | 640/8 | €10,378 | €883 | -€9,495 | -91.5% |
| Non-recurring operating charges | 66A | €662 | - | -€662 | |
| Gross operating margin | 9900 | €93,519 | €121,220 | +€27,701 | +29.6% |
| Operating profit (loss) | 9901 | €70,580 | €93,610 | +€23,030 | +32.6% |
| Financial income | 75/76B | €852 | €70 | -€782 | -91.8% |
| Recurring financial income | 75 | €852 | €70 | -€782 | -91.8% |
| Financial charges | 65/66B | €1,227 | €2,241 | +€1,014 | +82.6% |
| Recurring financial charges | 65 | €1,227 | €2,241 | +€1,014 | +82.6% |
| Profit (loss) for the period before taxes | 9903 | €70,205 | €91,439 | +€21,234 | +30.2% |
| Income taxes | 67/77 | €24,566 | €27,880 | +€3,313 | +13.5% |
| Profit (loss) for the period | 9904 | €45,639 | €63,559 | +€17,920 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,639 | €63,559 | +€17,920 | +39.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.