THE BUTCHER BLOCK: 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.
THE BUTCHER BLOCK
Largest movements
- Tangible fixed assets -€32,237
down €32,237 (-52.6%), from €61,254 to €29,017
of which Plant, machinery and equipment: -€25,082
- Cash +€16,588
up €16,588 (+57.8%), from €28,687 to €45,274
mainly Net result for the year (+€54,530) and Depreciation (+€32,237)
- Receivables within one year +€5,319
up €5,319 (+114%), from €4,685 to €10,004
of which Trade receivables: +€4,869
- Profit (loss) carried forward +€54,530
up €54,530, from -€38,602 to €15,929
- Other debts -€54,503
down €54,503 (-94.8%), from €57,503 to €3,000
- Trade debts -€13,208
down €13,208 (-40.7%), from €32,428 to €19,220
- Accrued charges and deferred income +€3,599
new in 2025: €3,599
- Gross operating margin +€63,219
up €63,219 (+86.7%), from €72,893 to €136,112
- Taxes +€7,273
new in 2025: €7,273
- Staff costs -€5,223
down €5,223 (-13.6%), from €38,270 to €33,047
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 | €101,723 | €92,374 | -€9,349 | -9.2% |
| Fixed assets | 21/28 | €64,854 | €32,617 | -€32,237 | -49.7% |
| Tangible fixed assets | 22/27 | €61,254 | €29,017 | -€32,237 | -52.6% |
| Plant, machinery and equipment | 23 | €48,032 | €22,950 | -€25,082 | -52.2% |
| Furniture and vehicles | 24 | €1,925 | €1,225 | -€700 | -36.4% |
| Other tangible fixed assets | 26 | €11,297 | €4,842 | -€6,455 | -57.1% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €36,869 | €59,757 | +€22,888 | +62.1% |
| Stocks and contracts in progress | 3 | €3,497 | €4,478 | +€981 | +28.1% |
| Stocks | 30/36 | €3,497 | €4,478 | +€981 | +28.1% |
| Amounts receivable within one year | 40/41 | €4,685 | €10,004 | +€5,319 | +114% |
| Trade receivables | 40 | - | €4,869 | +€4,869 | |
| Other amounts receivable | 41 | €4,685 | €5,135 | +€450 | +9.6% |
| Cash at bank and in hand | 54/58 | €28,687 | €45,274 | +€16,588 | +57.8% |
| Total equity and liabilities | 10/49 | €101,723 | €92,374 | -€9,349 | -9.2% |
| Equity | 10/15 | €1,399 | €55,929 | +€54,530 | +3,899% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,602 | €15,929 | +€54,530 | |
| Amounts payable | 17/49 | €100,324 | €36,445 | -€63,879 | -63.7% |
| Amounts payable within one year | 42/48 | €100,324 | €32,846 | -€67,478 | -67.3% |
| Trade debts | 44 | €32,428 | €19,220 | -€13,208 | -40.7% |
| Suppliers | 440/4 | €32,428 | €19,220 | -€13,208 | -40.7% |
| Taxes, remuneration and social security | 45 | €10,394 | €10,626 | +€233 | +2.2% |
| Taxes | 450/3 | €6,268 | €10,626 | +€4,358 | +69.5% |
| Remuneration and social security | 454/9 | €4,125 | - | -€4,125 | |
| Other amounts payable | 47/48 | €57,503 | €3,000 | -€54,503 | -94.8% |
| Accrued charges and deferred income | 492/3 | - | €3,599 | +€3,599 | |
| Remuneration, social security and pensions | 62 | €38,270 | €33,047 | -€5,223 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,593 | €32,237 | -€356 | -1.1% |
| Other operating charges | 640/8 | €4,909 | €5,535 | +€626 | +12.8% |
| Gross operating margin | 9900 | €72,893 | €136,112 | +€63,219 | +86.7% |
| Operating profit (loss) | 9901 | -€2,879 | €65,293 | +€68,172 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,730 | €3,491 | -€1,238 | -26.2% |
| Recurring financial charges | 65 | €4,730 | €3,491 | -€1,238 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,608 | €61,803 | +€69,411 | |
| Income taxes | 67/77 | - | €7,273 | +€7,273 | |
| Profit (loss) for the period | 9904 | -€7,608 | €54,530 | +€62,139 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,608 | €54,530 | +€62,139 |
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 29 October 2026 via checked.be.