Buisgro: 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.
Buisgro
Largest movements
- Receivables within one year +€131,009
up €131,009 (+21.6%), from €607,350 to €738,358
of which Other amounts receivable: +€142,894
- Cash -€67,242
down €67,242 (-88.0%), from €76,374 to €9,132
mainly Receivables within one year (-€131,009) and Stocks and contracts (-€62,200)
- Stocks and contracts +€62,200
up €62,200 (+25.7%), from €241,800 to €304,000
- Tangible fixed assets +€27,327
up €27,327 (+63.9%), from €42,733 to €70,060
of which Furniture and vehicles: +€24,422
- Reserves +€121,337
up €121,337 (+28.3%), from €428,332 to €549,669
of which Distributable reserves: +€121,337
- Short-term financial debts +€43,900
up €43,900 (+54.1%), from €81,100 to €125,000
- Current portion of long-term debt +€33,587
up €33,587 (+91.1%), from €36,886 to €70,473
- Trade debts -€26,610
down €26,610 (-8.5%), from €313,683 to €287,074
- Debts after one year -€12,762
down €12,762 (-25.0%), from €51,078 to €38,317
- Taxes -€19,737
down €19,737 (-29.7%), from €66,409 to €46,672
- Gross operating margin +€17,811
up €17,811 (+6.3%), from €280,618 to €298,429
- Other operating charges +€9,754
up €9,754 (+466%), from €2,093 to €11,847
- Financial charges +€5,048
up €5,048 (+41.8%), from €12,072 to €17,120
- Staff costs -€4,200
down €4,200 (-4.5%), from €93,980 to €89,780
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 | €978,407 | €1,131,527 | +€153,120 | +15.6% |
| Fixed assets | 21/28 | €46,136 | €72,988 | +€26,852 | +58.2% |
| Intangible fixed assets | 21 | €3,403 | €2,928 | -€475 | -14.0% |
| Tangible fixed assets | 22/27 | €42,733 | €70,060 | +€27,327 | +63.9% |
| Plant, machinery and equipment | 23 | €22,299 | €25,469 | +€3,170 | +14.2% |
| Furniture and vehicles | 24 | €18,702 | €43,124 | +€24,422 | +131% |
| Other tangible fixed assets | 26 | €1,732 | €1,467 | -€265 | -15.3% |
| Current assets | 29/58 | €932,271 | €1,058,539 | +€126,268 | +13.5% |
| Stocks and contracts in progress | 3 | €241,800 | €304,000 | +€62,200 | +25.7% |
| Stocks | 30/36 | €241,800 | €304,000 | +€62,200 | +25.7% |
| Amounts receivable within one year | 40/41 | €607,350 | €738,358 | +€131,009 | +21.6% |
| Trade receivables | 40 | €248,993 | €237,107 | -€11,886 | -4.8% |
| Other amounts receivable | 41 | €358,357 | €501,251 | +€142,894 | +39.9% |
| Cash at bank and in hand | 54/58 | €76,374 | €9,132 | -€67,242 | -88.0% |
| Deferred charges and accrued income | 490/1 | €6,747 | €7,048 | +€301 | +4.5% |
| Total equity and liabilities | 10/49 | €978,407 | €1,131,527 | +€153,120 | +15.6% |
| Equity | 10/15 | €453,332 | €574,669 | +€121,337 | +26.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €428,332 | €549,669 | +€121,337 | +28.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €613 | €613 | = | 0.0% |
| Distributable reserves | 133 | €425,219 | €546,556 | +€121,337 | +28.5% |
| Amounts payable | 17/49 | €525,075 | €556,858 | +€31,783 | +6.1% |
| Amounts payable after more than one year | 17 | €51,078 | €38,317 | -€12,762 | -25.0% |
| Financial debts | 170/4 | €51,078 | €38,317 | -€12,762 | -25.0% |
| Amounts payable within one year | 42/48 | €473,997 | €518,541 | +€44,545 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €36,886 | €70,473 | +€33,587 | +91.1% |
| Financial debts | 43 | €81,100 | €125,000 | +€43,900 | +54.1% |
| Credit institutions | 430/8 | €81,100 | €125,000 | +€43,900 | +54.1% |
| Trade debts | 44 | €313,683 | €287,074 | -€26,610 | -8.5% |
| Suppliers | 440/4 | €313,683 | €287,074 | -€26,610 | -8.5% |
| Taxes, remuneration and social security | 45 | €42,327 | €29,696 | -€12,631 | -29.8% |
| Taxes | 450/3 | €34,903 | €16,651 | -€18,252 | -52.3% |
| Remuneration and social security | 454/9 | €7,424 | €13,045 | +€5,621 | +75.7% |
| Other amounts payable | 47/48 | - | €6,298 | +€6,298 | |
| Remuneration, social security and pensions | 62 | €93,980 | €89,780 | -€4,200 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,534 | €15,178 | +€3,644 | +31.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,502 | +€1,502 | |
| Other operating charges | 640/8 | €2,093 | €11,847 | +€9,754 | +466% |
| Gross operating margin | 9900 | €280,618 | €298,429 | +€17,811 | +6.3% |
| Operating profit (loss) | 9901 | €173,011 | €180,123 | +€7,112 | +4.1% |
| Financial income | 75/76B | €3,937 | €5,007 | +€1,069 | +27.2% |
| Recurring financial income | 75 | €3,937 | €5,007 | +€1,069 | +27.2% |
| Financial charges | 65/66B | €12,072 | €17,120 | +€5,048 | +41.8% |
| Recurring financial charges | 65 | €12,072 | €17,120 | +€5,048 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €164,876 | €168,009 | +€3,133 | +1.9% |
| Income taxes | 67/77 | €66,409 | €46,672 | -€19,737 | -29.7% |
| Profit (loss) for the period | 9904 | €98,467 | €121,337 | +€22,870 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,467 | €121,337 | +€22,870 | +23.2% |
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 13 October 2026 via checked.be.