BRUYER - BUSSCHAERT: 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.
BRUYER - BUSSCHAERT
Largest movements
- Receivables within one year +€38,072
up €38,072 (+1,233%), from €3,089 to €41,161
- Cash +€13,339
up €13,339 (+7.7%), from €173,420 to €186,760
mainly Net result for the year (+€62,066) and Other debts (+€13,858)
- Deferred charges and accrued income +€12,942
up €12,942 (+1,170%), from €1,106 to €14,048
- Tangible fixed assets -€7,961
down €7,961 (-3.4%), from €232,968 to €225,007
of which Land and buildings: -€8,839
- Reserves +€45,746
up €45,746 (+14.8%), from €309,157 to €354,904
of which Distributable reserves: +€51,946
- Current portion of long-term debt -€15,190
down €15,190 (-100%), from €15,190 to €0
- Other debts +€13,858
up €13,858 (+540%), from €2,568 to €16,425
- Tax, wage and social debts +€9,996
up €9,996 (+47.8%), from €20,920 to €30,916
- Gross operating margin -€219,667
down €219,667 (-64.6%), from €339,829 to €120,162
- Taxes -€64,118
down €64,118 (-68.1%), from €94,151 to €30,033
- Other operating charges -€15,952
down €15,952 (-44.7%), from €35,723 to €19,771
- Depreciation -€7,860
down €7,860 (-46.4%), from €16,941 to €9,081
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 | €410,584 | €466,976 | +€56,392 | +13.7% |
| Fixed assets | 21/28 | €232,968 | €225,007 | -€7,961 | -3.4% |
| Tangible fixed assets | 22/27 | €232,968 | €225,007 | -€7,961 | -3.4% |
| Land and buildings | 22 | €232,968 | €224,130 | -€8,839 | -3.8% |
| Furniture and vehicles | 24 | - | €878 | +€878 | |
| Current assets | 29/58 | €177,615 | €241,969 | +€64,353 | +36.2% |
| Amounts receivable within one year | 40/41 | €3,089 | €41,161 | +€38,072 | +1,233% |
| Other amounts receivable | 41 | €3,089 | €41,161 | +€38,072 | +1,233% |
| Cash at bank and in hand | 54/58 | €173,420 | €186,760 | +€13,339 | +7.7% |
| Deferred charges and accrued income | 490/1 | €1,106 | €14,048 | +€12,942 | +1,170% |
| Total equity and liabilities | 10/49 | €410,584 | €466,976 | +€56,392 | +13.7% |
| Equity | 10/15 | €371,157 | €416,904 | +€45,746 | +12.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €309,157 | €354,904 | +€45,746 | +14.8% |
| Non-distributable reserves | 130/1 | €6,200 | €0 | -€6,200 | -100% |
| Reserves not available under the articles | 1311 | €6,200 | €0 | -€6,200 | -100% |
| Distributable reserves | 133 | €302,957 | €354,904 | +€51,946 | +17.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,426 | €50,072 | +€10,646 | +27.0% |
| Amounts payable within one year | 42/48 | €39,426 | €50,039 | +€10,612 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €15,190 | €0 | -€15,190 | -100% |
| Trade debts | 44 | €749 | €2,697 | +€1,949 | +260% |
| Suppliers | 440/4 | €749 | €2,697 | +€1,949 | +260% |
| Taxes, remuneration and social security | 45 | €20,920 | €30,916 | +€9,996 | +47.8% |
| Taxes | 450/3 | €20,920 | €30,916 | +€9,996 | +47.8% |
| Other amounts payable | 47/48 | €2,568 | €16,425 | +€13,858 | +540% |
| Accrued charges and deferred income | 492/3 | €0 | €34 | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,941 | €9,081 | -€7,860 | -46.4% |
| Other operating charges | 640/8 | €35,723 | €19,771 | -€15,952 | -44.7% |
| Gross operating margin | 9900 | €339,829 | €120,162 | -€219,667 | -64.6% |
| Operating profit (loss) | 9901 | €287,166 | €91,310 | -€195,856 | -68.2% |
| Financial income | 75/76B | €75 | €1,136 | +€1,061 | +1,415% |
| Recurring financial income | 75 | €75 | €1,136 | +€1,061 | +1,415% |
| Financial charges | 65/66B | €2,379 | €347 | -€2,032 | -85.4% |
| Recurring financial charges | 65 | €2,379 | €347 | -€2,032 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €284,862 | €92,099 | -€192,763 | -67.7% |
| Income taxes | 67/77 | €94,151 | €30,033 | -€64,118 | -68.1% |
| Profit (loss) for the period | 9904 | €190,711 | €62,066 | -€128,644 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €190,711 | €62,066 | -€128,644 | -67.5% |
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 23 October 2026 via checked.be.