BUSCHKENS, AHERN & PARTNERS: 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.
BUSCHKENS, AHERN & PARTNERS
Largest movements
- Cash -€27,040
down €27,040 (-48.3%), from €55,951 to €28,911
mainly Debts after one year (-€40,213) and Investment in fixed assets (net) (-€10,172)
- Tangible fixed assets -€25,746
down €25,746 (-24.2%), from €106,253 to €80,507
of which Land and buildings: -€30,082
- Receivables within one year +€8,164
up €8,164 (+16.3%), from €50,163 to €58,327
of which Other amounts receivable: +€9,354
- Stocks and contracts +€3,233
new in 2025: €3,233
- Debts after one year -€40,213
down €40,213 (-32.5%), from €123,833 to €83,620
- Trade debts -€2,980
down €2,980 (-53.2%), from €5,603 to €2,623
- Current portion of long-term debt +€2,176
up €2,176 (+5.7%), from €38,037 to €40,213
- Gross operating margin -€11,753
down €11,753 (-18.3%), from €64,074 to €52,321
- Depreciation -€4,158
down €4,158 (-10.4%), from €40,076 to €35,918
- Financial charges -€2,133
down €2,133 (-18.9%), from €11,287 to €9,154
- Taxes -€2,031
down €2,031 (-43.1%), from €4,711 to €2,680
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 | €212,367 | €171,140 | -€41,227 | -19.4% |
| Fixed assets | 21/28 | €106,253 | €80,507 | -€25,746 | -24.2% |
| Tangible fixed assets | 22/27 | €106,253 | €80,507 | -€25,746 | -24.2% |
| Land and buildings | 22 | €105,015 | €74,933 | -€30,082 | -28.6% |
| Plant, machinery and equipment | 23 | €1,238 | €2,888 | +€1,650 | +133% |
| Furniture and vehicles | 24 | - | €2,686 | +€2,686 | |
| Current assets | 29/58 | €106,114 | €90,633 | -€15,481 | -14.6% |
| Stocks and contracts in progress | 3 | - | €3,233 | +€3,233 | |
| Stocks | 30/36 | - | €3,233 | +€3,233 | |
| Amounts receivable within one year | 40/41 | €50,163 | €58,327 | +€8,164 | +16.3% |
| Trade receivables | 40 | €7,851 | €6,661 | -€1,190 | -15.2% |
| Other amounts receivable | 41 | €42,312 | €51,666 | +€9,354 | +22.1% |
| Cash at bank and in hand | 54/58 | €55,951 | €28,911 | -€27,040 | -48.3% |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €212,367 | €171,140 | -€41,227 | -19.4% |
| Equity | 10/15 | €42,483 | €42,973 | +€490 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,860 | €27,860 | = | 0.0% |
| Distributable reserves | 133 | €27,860 | €27,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,423 | €8,913 | +€490 | +5.8% |
| Amounts payable | 17/49 | €169,884 | €128,167 | -€41,717 | -24.6% |
| Amounts payable after more than one year | 17 | €123,833 | €83,620 | -€40,213 | -32.5% |
| Financial debts | 170/4 | €123,833 | €83,620 | -€40,213 | -32.5% |
| Amounts payable within one year | 42/48 | €45,351 | €44,547 | -€804 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €38,037 | €40,213 | +€2,176 | +5.7% |
| Trade debts | 44 | €5,603 | €2,623 | -€2,980 | -53.2% |
| Suppliers | 440/4 | €5,603 | €2,623 | -€2,980 | -53.2% |
| Taxes, remuneration and social security | 45 | €1,711 | €1,711 | = | 0.0% |
| Taxes | 450/3 | €1,711 | €1,711 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Non-recurring operating income | 76A | €2,620 | - | -€2,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,076 | €35,918 | -€4,158 | -10.4% |
| Other operating charges | 640/8 | €3,873 | €4,159 | +€286 | +7.4% |
| Gross operating margin | 9900 | €64,074 | €52,321 | -€11,753 | -18.3% |
| Operating profit (loss) | 9901 | €20,125 | €12,244 | -€7,881 | -39.2% |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €11,287 | €9,154 | -€2,133 | -18.9% |
| Recurring financial charges | 65 | €11,287 | €9,154 | -€2,133 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €8,838 | €3,170 | -€5,668 | -64.1% |
| Income taxes | 67/77 | €4,711 | €2,680 | -€2,031 | -43.1% |
| Profit (loss) for the period | 9904 | €4,127 | €490 | -€3,637 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,127 | €490 | -€3,637 | -88.1% |
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 26 October 2026 via checked.be.