BUSCHBERG ASSOCIATES: 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.
BUSCHBERG ASSOCIATES
Largest movements
- Current investments +€274,000
up €274,000 (+6.9%), from €4.0m to €4.2m
- Other debts +€263,076
up €263,076 (+7.5%), from €3.5m to €3.8m
- Financial income +€128,119
up €128,119 (+3.2%), from €4.0m to €4.1m
- Financial charges +€29,179
up €29,179 (+527%), from €5,537 to €34,716
- Gross operating margin +€24,753
up €24,753 (+15.1%), from -€163,970 to -€139,218
- Taxes +€7,746
up €7,746 (+4.0%), from €193,846 to €201,593
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 | €4,198,229 | €4,441,743 | +€243,514 | +5.8% |
| Fixed assets | 21/28 | €48,778 | €48,778 | = | 0.0% |
| Financial fixed assets | 28 | €48,778 | €48,778 | = | 0.0% |
| Current assets | 29/58 | €4,149,451 | €4,392,965 | +€243,514 | +5.9% |
| Amounts receivable within one year | 40/41 | €34,988 | €36,075 | +€1,087 | +3.1% |
| Other amounts receivable | 41 | €34,988 | €36,075 | +€1,087 | +3.1% |
| Current investments | 50/53 | €3,966,000 | €4,240,000 | +€274,000 | +6.9% |
| Cash at bank and in hand | 54/58 | €85,752 | €64,149 | -€21,603 | -25.2% |
| Deferred charges and accrued income | 490/1 | €62,711 | €52,742 | -€9,970 | -15.9% |
| Total equity and liabilities | 10/49 | €4,198,229 | €4,441,743 | +€243,514 | +5.8% |
| Equity | 10/15 | €679,520 | €657,326 | -€22,194 | -3.3% |
| Contributions | 10/11 | €90,275 | €90,275 | = | 0.0% |
| Capital | 10 | €90,275 | €90,275 | = | 0.0% |
| Issued capital | 100 | €90,275 | €90,275 | = | 0.0% |
| Reserves | 13 | €99,720 | €99,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,028 | €9,028 | = | 0.0% |
| Legal reserve | 130 | €9,028 | €9,028 | = | 0.0% |
| Distributable reserves | 133 | €90,693 | €90,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €489,525 | €467,331 | -€22,194 | -4.5% |
| Amounts payable | 17/49 | €3,518,709 | €3,784,418 | +€265,708 | +7.6% |
| Amounts payable within one year | 42/48 | €3,517,101 | €3,782,132 | +€265,031 | +7.5% |
| Trade debts | 44 | €8,796 | €10,751 | +€1,956 | +22.2% |
| Suppliers | 440/4 | €8,796 | €10,751 | +€1,956 | +22.2% |
| Other amounts payable | 47/48 | €3,508,305 | €3,771,381 | +€263,076 | +7.5% |
| Accrued charges and deferred income | 492/3 | €1,609 | €2,286 | +€677 | +42.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €968 | €1,047 | +€79 | +8.2% |
| Gross operating margin | 9900 | -€163,970 | -€139,218 | +€24,753 | +15.1% |
| Operating profit (loss) | 9901 | -€164,938 | -€140,264 | +€24,674 | +15.0% |
| Financial income | 75/76B | €3,997,641 | €4,125,760 | +€128,119 | +3.2% |
| Recurring financial income | 75 | €3,997,641 | €4,125,760 | +€128,119 | +3.2% |
| Financial charges | 65/66B | €5,537 | €34,716 | +€29,179 | +527% |
| Recurring financial charges | 65 | €5,537 | €34,716 | +€29,179 | +527% |
| Profit (loss) for the period before taxes | 9903 | €3,827,166 | €3,950,779 | +€123,613 | +3.2% |
| Income taxes | 67/77 | €193,846 | €201,593 | +€7,746 | +4.0% |
| Profit (loss) for the period | 9904 | €3,633,320 | €3,749,187 | +€115,867 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,633,320 | €3,749,187 | +€115,867 | +3.2% |
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 19 October 2026 via checked.be.