BUSAGA: 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.
BUSAGA
Largest movements
- Cash +€22,616
up €22,616 (+407.5%), from €5,550 to €28,166
mainly Net result for the year (+€52,218) and Tax, wage and social debts (+€12,702)
- Receivables within one year -€6,774
down €6,774 (-8.0%), from €84,599 to €77,825
of which Trade receivables: -€50,385
- Profit (loss) carried forward +€32,218
up €32,218 (+90.3%), from €35,681 to €67,899
- Trade debts -€23,489
down €23,489 (-69.7%), from €33,716 to €10,227
- Tax, wage and social debts +€12,702
up €12,702 (+264.1%), from €4,810 to €17,512
- Other debts -€5,569
down €5,569 (-21.8%), from €25,569 to €20,000
- Turnover -€74,724
no longer reported in 2025 (was €74,724)
- Purchases and services -€48,737
no longer reported in 2025 (was €48,737)
- Gross operating margin +€45,389
up €45,389 (+174.7%), from €25,987 to €71,376
- Taxes +€8,598
up €8,598 (+192.9%), from €4,457 to €13,055
- Depreciation +€1,457
up €1,457 (+40.0%), from €3,638 to €5,095
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 | €102,776 | €118,638 | +€15,862 | +15.4% |
| Fixed assets | 21/28 | €10,316 | €10,336 | +€20 | +0.2% |
| Tangible fixed assets | 22/27 | €10,316 | €10,336 | +€20 | +0.2% |
| Plant, machinery and equipment | 23 | - | €2,927 | +€2,927 | |
| Furniture and vehicles | 24 | €10,316 | €7,409 | -€2,907 | -28.2% |
| Current assets | 29/58 | €92,460 | €108,302 | +€15,842 | +17.1% |
| Amounts receivable within one year | 40/41 | €84,599 | €77,825 | -€6,774 | -8.0% |
| Trade receivables | 40 | €83,130 | €32,745 | -€50,385 | -60.6% |
| Other amounts receivable | 41 | €1,469 | €45,080 | +€43,611 | +2968.8% |
| Cash at bank and in hand | 54/58 | €5,550 | €28,166 | +€22,616 | +407.5% |
| Deferred charges and accrued income | 490/1 | €2,311 | €2,311 | = | 0.0% |
| Total equity and liabilities | 10/49 | €102,776 | €118,638 | +€15,862 | +15.4% |
| Equity | 10/15 | €38,681 | €70,899 | +€32,218 | +83.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,681 | €67,899 | +€32,218 | +90.3% |
| Amounts payable | 17/49 | €64,095 | €47,739 | -€16,356 | -25.5% |
| Amounts payable within one year | 42/48 | €64,095 | €47,739 | -€16,356 | -25.5% |
| Trade debts | 44 | €33,716 | €10,227 | -€23,489 | -69.7% |
| Suppliers | 440/4 | €33,716 | €10,227 | -€23,489 | -69.7% |
| Taxes, remuneration and social security | 45 | €4,810 | €17,512 | +€12,702 | +264.1% |
| Taxes | 450/3 | €4,810 | €17,512 | +€12,702 | +264.1% |
| Other amounts payable | 47/48 | €25,569 | €20,000 | -€5,569 | -21.8% |
| Turnover | 70 | €74,724 | - | -€74,724 | |
| Goods, raw materials, services and sundry goods | 60/61 | €48,737 | - | -€48,737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,638 | €5,095 | +€1,457 | +40.0% |
| Other operating charges | 640/8 | - | €897 | +€897 | |
| Gross operating margin | 9900 | €25,987 | €71,376 | +€45,389 | +174.7% |
| Operating profit (loss) | 9901 | €22,349 | €65,384 | +€43,035 | +192.6% |
| Financial income | 75/76B | - | €238 | +€238 | |
| Recurring financial income | 75 | - | €238 | +€238 | |
| Financial charges | 65/66B | €63 | €349 | +€286 | +454.0% |
| Recurring financial charges | 65 | €63 | €349 | +€286 | +454.0% |
| Profit (loss) for the period before taxes | 9903 | €22,286 | €65,273 | +€42,987 | +192.9% |
| Income taxes | 67/77 | €4,457 | €13,055 | +€8,598 | +192.9% |
| Profit (loss) for the period | 9904 | €17,829 | €52,218 | +€34,389 | +192.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,829 | €52,218 | +€34,389 | +192.9% |
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 12 October 2026 via checked.be.