Bucon: 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.
Bucon
Largest movements
- Current investments -€50,000
down €50,000 (-30.1%), from €165,932 to €115,932
- Cash -€8,540
down €8,540 (-24.1%), from €35,370 to €26,830
mainly Other debts (-€62,078) and Tax, wage and social debts (-€4,779)
- Receivables within one year +€2,162
up €2,162 (+73.3%), from €2,950 to €5,112
of which Other amounts receivable: +€2,611
- Other debts -€62,078
down €62,078 (-92.4%), from €67,207 to €5,129
- Reserves +€10,338
up €10,338 (+8.2%), from €126,302 to €136,641
of which Distributable reserves: +€10,338
- Tax, wage and social debts -€4,779
down €4,779 (-100%), from €4,779 to €0
- Gross operating margin -€20,443
down €20,443 (-53.9%), from €37,945 to €17,502
- Taxes -€4,482
down €4,482 (-44.8%), from €9,999 to €5,517
- Financial income +€730
up €730 (+391%), from €187 to €917
- Depreciation -€538
down €538 (-38.1%), from €1,413 to €875
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 | €205,542 | €148,289 | -€57,253 | -27.9% |
| Fixed assets | 21/28 | €1,291 | €416 | -€875 | -67.8% |
| Tangible fixed assets | 22/27 | €1,291 | €416 | -€875 | -67.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,291 | €416 | -€875 | -67.8% |
| Current assets | 29/58 | €204,251 | €147,873 | -€56,378 | -27.6% |
| Amounts receivable within one year | 40/41 | €2,950 | €5,112 | +€2,162 | +73.3% |
| Trade receivables | 40 | €449 | €0 | -€449 | -100% |
| Other amounts receivable | 41 | €2,501 | €5,112 | +€2,611 | +104% |
| Current investments | 50/53 | €165,932 | €115,932 | -€50,000 | -30.1% |
| Cash at bank and in hand | 54/58 | €35,370 | €26,830 | -€8,540 | -24.1% |
| Total equity and liabilities | 10/49 | €205,542 | €148,289 | -€57,253 | -27.9% |
| Equity | 10/15 | €132,502 | €142,841 | +€10,338 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €126,302 | €136,641 | +€10,338 | +8.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €126,302 | €136,641 | +€10,338 | +8.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,040 | €5,449 | -€67,591 | -92.5% |
| Amounts payable within one year | 42/48 | €73,040 | €5,449 | -€67,591 | -92.5% |
| Trade debts | 44 | €1,054 | €320 | -€735 | -69.7% |
| Suppliers | 440/4 | €1,054 | €320 | -€735 | -69.7% |
| Taxes, remuneration and social security | 45 | €4,779 | €0 | -€4,779 | -100% |
| Taxes | 450/3 | €4,779 | €0 | -€4,779 | -100% |
| Other amounts payable | 47/48 | €67,207 | €5,129 | -€62,078 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,413 | €875 | -€538 | -38.1% |
| Other operating charges | 640/8 | €915 | €943 | +€27 | +3.0% |
| Gross operating margin | 9900 | €37,945 | €17,502 | -€20,443 | -53.9% |
| Operating profit (loss) | 9901 | €35,617 | €15,684 | -€19,933 | -56.0% |
| Financial income | 75/76B | €187 | €917 | +€730 | +391% |
| Recurring financial income | 75 | €187 | €917 | +€730 | +391% |
| Financial charges | 65/66B | €1,006 | €746 | -€260 | -25.9% |
| Recurring financial charges | 65 | €1,006 | €746 | -€260 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €34,798 | €15,855 | -€18,943 | -54.4% |
| Income taxes | 67/77 | €9,999 | €5,517 | -€4,482 | -44.8% |
| Profit (loss) for the period | 9904 | €24,799 | €10,338 | -€14,460 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,799 | €10,338 | -€14,460 | -58.3% |
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.