BUSCO: 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.
BUSCO
Largest movements
- Cash -€50,539
down €50,539 (-9.5%), from €531,638 to €481,099
mainly Receivables within one year (-€43,174) and Net result for the year (-€22,630)
- Receivables within one year +€43,174
up €43,174 (+25.3%), from €170,708 to €213,882
- Tangible fixed assets -€21,297
down €21,297 (-12.8%), from €166,041 to €144,744
of which Land and buildings: -€23,516
- Profit (loss) carried forward -€22,630
new in 2025: -€22,630
- Financial charges +€37,207
up €37,207 (+5504.9%), from €676 to €37,883
- Gross operating margin +€7,486
up €7,486 (+90.0%), from -€8,316 to -€830
- Financial income +€3,710
up €3,710 (+8.1%), from €45,660 to €49,370
- Taxes -€837
down €837 (-40.5%), from €2,063 to €1,227
- Other operating charges +€310
up €310 (+3.9%), from €8,007 to €8,317
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 | €868,387 | €839,725 | -€28,662 | -3.3% |
| Fixed assets | 21/28 | €166,041 | €144,744 | -€21,297 | -12.8% |
| Tangible fixed assets | 22/27 | €166,041 | €144,744 | -€21,297 | -12.8% |
| Land and buildings | 22 | €166,041 | €142,525 | -€23,516 | -14.2% |
| Furniture and vehicles | 24 | - | €2,219 | +€2,219 | |
| Current assets | 29/58 | €702,346 | €694,981 | -€7,365 | -1.0% |
| Amounts receivable within one year | 40/41 | €170,708 | €213,882 | +€43,174 | +25.3% |
| Other amounts receivable | 41 | €170,708 | €213,882 | +€43,174 | +25.3% |
| Cash at bank and in hand | 54/58 | €531,638 | €481,099 | -€50,539 | -9.5% |
| Total equity and liabilities | 10/49 | €868,387 | €839,725 | -€28,662 | -3.3% |
| Equity | 10/15 | €859,010 | €836,381 | -€22,630 | -2.6% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €821,826 | €821,826 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €818,108 | €818,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,630 | -€22,630 | |
| Amounts payable | 17/49 | €9,377 | €3,344 | -€6,032 | -64.3% |
| Amounts payable within one year | 42/48 | €9,377 | €3,344 | -€6,032 | -64.3% |
| Trade debts | 44 | €7,287 | €2,118 | -€5,169 | -70.9% |
| Suppliers | 440/4 | €7,287 | €2,118 | -€5,169 | -70.9% |
| Taxes, remuneration and social security | 45 | €2,090 | €1,227 | -€863 | -41.3% |
| Taxes | 450/3 | €2,090 | €1,227 | -€863 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,516 | €23,743 | +€227 | +1.0% |
| Other operating charges | 640/8 | €8,007 | €8,317 | +€310 | +3.9% |
| Gross operating margin | 9900 | -€8,316 | -€830 | +€7,486 | +90.0% |
| Operating profit (loss) | 9901 | -€39,840 | -€32,891 | +€6,949 | +17.4% |
| Financial income | 75/76B | €45,660 | €49,370 | +€3,710 | +8.1% |
| Recurring financial income | 75 | €45,660 | €49,370 | +€3,710 | +8.1% |
| Financial charges | 65/66B | €676 | €37,883 | +€37,207 | +5504.9% |
| Recurring financial charges | 65 | €676 | €37,883 | +€37,207 | +5504.9% |
| Profit (loss) for the period before taxes | 9903 | €5,145 | -€21,403 | -€26,548 | |
| Income taxes | 67/77 | €2,063 | €1,227 | -€837 | -40.5% |
| Profit (loss) for the period | 9904 | €3,082 | -€22,630 | -€25,711 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,082 | -€22,630 | -€25,711 |
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 10 October 2026 via checked.be.