VD BUI: 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.
VD BUI
Largest movements
- Cash -€178,984
down €178,984 (-52.3%), from €342,055 to €163,071
mainly Current investments (-€120,000) and Other debts (-€79,302)
- Current investments +€120,000
up €120,000 (+354.0%), from €33,900 to €153,900
- Tangible fixed assets -€14,440
down €14,440 (-51.9%), from €27,838 to €13,398
of which Furniture and vehicles: -€14,200
- Receivables within one year +€9,492
up €9,492 (+191.6%), from €4,953 to €14,446
of which Other amounts receivable: +€8,802
- Other debts -€79,302
down €79,302 (-83.9%), from €94,558 to €15,256
- Reserves +€41,409
up €41,409 (+15.9%), from €260,698 to €302,107
of which Distributable reserves: +€41,409
- Tax, wage and social debts -€22,673
down €22,673 (-44.4%), from €51,100 to €28,427
- Gross operating margin -€29,974
down €29,974 (-29.9%), from €100,359 to €70,385
- Taxes -€9,023
down €9,023 (-34.6%), from €26,055 to €17,032
- Financial income +€1,071
up €1,071 (+43.0%), from €2,490 to €3,562
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 | €409,850 | €345,966 | -€63,884 | -15.6% |
| Fixed assets | 21/28 | €27,838 | €13,398 | -€14,440 | -51.9% |
| Tangible fixed assets | 22/27 | €27,838 | €13,398 | -€14,440 | -51.9% |
| Furniture and vehicles | 24 | €25,870 | €11,670 | -€14,200 | -54.9% |
| Other tangible fixed assets | 26 | €1,967 | €1,727 | -€240 | -12.2% |
| Current assets | 29/58 | €382,013 | €332,569 | -€49,444 | -12.9% |
| Amounts receivable within one year | 40/41 | €4,953 | €14,446 | +€9,492 | +191.6% |
| Trade receivables | 40 | €2,349 | €3,040 | +€691 | +29.4% |
| Other amounts receivable | 41 | €2,604 | €11,406 | +€8,802 | +338.0% |
| Current investments | 50/53 | €33,900 | €153,900 | +€120,000 | +354.0% |
| Cash at bank and in hand | 54/58 | €342,055 | €163,071 | -€178,984 | -52.3% |
| Deferred charges and accrued income | 490/1 | €1,104 | €1,152 | +€48 | +4.4% |
| Total equity and liabilities | 10/49 | €409,850 | €345,966 | -€63,884 | -15.6% |
| Equity | 10/15 | €260,698 | €302,107 | +€41,409 | +15.9% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €260,698 | €302,107 | +€41,409 | +15.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €260,698 | €302,107 | +€41,409 | +15.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,153 | €43,860 | -€105,293 | -70.6% |
| Amounts payable within one year | 42/48 | €149,153 | €43,860 | -€105,293 | -70.6% |
| Trade debts | 44 | €3,495 | €177 | -€3,318 | -94.9% |
| Suppliers | 440/4 | €3,495 | €177 | -€3,318 | -94.9% |
| Taxes, remuneration and social security | 45 | €51,100 | €28,427 | -€22,673 | -44.4% |
| Taxes | 450/3 | €51,100 | €28,427 | -€22,673 | -44.4% |
| Other amounts payable | 47/48 | €94,558 | €15,256 | -€79,302 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,314 | €14,440 | +€126 | +0.9% |
| Other operating charges | 640/8 | €564 | €932 | +€368 | +65.2% |
| Non-recurring operating charges | 66A | €281 | €0 | -€281 | -100.0% |
| Gross operating margin | 9900 | €100,359 | €70,385 | -€29,974 | -29.9% |
| Operating profit (loss) | 9901 | €85,200 | €55,014 | -€30,187 | -35.4% |
| Financial income | 75/76B | €2,490 | €3,562 | +€1,071 | +43.0% |
| Recurring financial income | 75 | €2,490 | €3,562 | +€1,071 | +43.0% |
| Financial charges | 65/66B | €62 | €135 | +€72 | +116.3% |
| Recurring financial charges | 65 | €62 | €135 | +€72 | +116.3% |
| Profit (loss) for the period before taxes | 9903 | €87,628 | €58,440 | -€29,188 | -33.3% |
| Income taxes | 67/77 | €26,055 | €17,032 | -€9,023 | -34.6% |
| Profit (loss) for the period | 9904 | €61,574 | €41,409 | -€20,165 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,574 | €41,409 | -€20,165 | -32.7% |
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 1 October 2026 via checked.be.