BUSEO: what changed
Two fiscal 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.
BUSEO
Largest movements
- Cash +€6,192
up €6,192 (+25.4%), from €24,380 to €30,573
mainly Other debts (+€24,164) and Tax, wage and social debts (+€10,420)
- Tangible fixed assets +€1,730
up €1,730, from €0 to €1,730
- Receivables within one year +€1,492
up €1,492 (+4.0%), from €37,010 to €38,502
of which Trade receivables: +€2,491
- Other debts +€24,164
up €24,164 (+352.3%), from €6,859 to €31,023
- Profit (loss) carried forward -€22,794
down €22,794 (-82.6%), from €27,602 to €4,808
- Tax, wage and social debts +€10,420
up €10,420 (+493.2%), from €2,113 to €12,533
of which Taxes: +€6,972
- Trade debts -€2,991
down €2,991 (-23.9%), from €12,528 to €9,537
- Other operating charges -€6,685
down €6,685 (-91.2%), from €7,327 to €641
- Taxes +€4,615
up €4,615, from -€1,470 to €3,145
- Staff costs +€1,411
up €1,411 (+69520.7%), from €2 to €1,413
- Gross operating margin -€880
down €880 (-6.1%), from €14,408 to €13,528
- Depreciation +€423
up €423 (+137.7%), from €307 to €729
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 | €63,198 | €71,997 | +€8,799 | +13.9% |
| Fixed assets | 21/28 | €860 | €2,590 | +€1,730 | +201.2% |
| Tangible fixed assets | 22/27 | €0 | €1,730 | +€1,730 | |
| Plant, machinery and equipment | 23 | €0 | €1,730 | +€1,730 | |
| Financial fixed assets | 28 | €860 | €860 | = | 0.0% |
| Current assets | 29/58 | €62,338 | €69,406 | +€7,069 | +11.3% |
| Amounts receivable within one year | 40/41 | €37,010 | €38,502 | +€1,492 | +4.0% |
| Trade receivables | 40 | €34,968 | €37,459 | +€2,491 | +7.1% |
| Other amounts receivable | 41 | €2,042 | €1,043 | -€999 | -48.9% |
| Cash at bank and in hand | 54/58 | €24,380 | €30,573 | +€6,192 | +25.4% |
| Deferred charges and accrued income | 490/1 | €947 | €331 | -€616 | -65.0% |
| Total equity and liabilities | 10/49 | €63,198 | €71,997 | +€8,799 | +13.9% |
| Equity | 10/15 | €41,699 | €18,905 | -€22,794 | -54.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,697 | €1,697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,697 | €1,697 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,697 | €1,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,602 | €4,808 | -€22,794 | -82.6% |
| Amounts payable | 17/49 | €21,499 | €53,092 | +€31,593 | +147.0% |
| Amounts payable within one year | 42/48 | €21,499 | €53,092 | +€31,593 | +147.0% |
| Trade debts | 44 | €12,528 | €9,537 | -€2,991 | -23.9% |
| Suppliers | 440/4 | €12,528 | €9,537 | -€2,991 | -23.9% |
| Taxes, remuneration and social security | 45 | €2,113 | €12,533 | +€10,420 | +493.2% |
| Taxes | 450/3 | €2,113 | €9,085 | +€6,972 | +330.0% |
| Remuneration and social security | 454/9 | €0 | €3,448 | +€3,448 | |
| Other amounts payable | 47/48 | €6,859 | €31,023 | +€24,164 | +352.3% |
| Remuneration, social security and pensions | 62 | €2 | €1,413 | +€1,411 | +69520.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | €729 | +€423 | +137.7% |
| Other operating charges | 640/8 | €7,327 | €641 | -€6,685 | -91.2% |
| Gross operating margin | 9900 | €14,408 | €13,528 | -€880 | -6.1% |
| Operating profit (loss) | 9901 | €6,773 | €10,744 | +€3,971 | +58.6% |
| Financial income | 75/76B | €77 | €144 | +€67 | +87.4% |
| Recurring financial income | 75 | €77 | €144 | +€67 | +87.4% |
| Financial charges | 65/66B | €140 | €537 | +€397 | +284.4% |
| Recurring financial charges | 65 | €140 | €537 | +€397 | +284.4% |
| Profit (loss) for the period before taxes | 9903 | €6,710 | €10,351 | +€3,641 | +54.3% |
| Income taxes | 67/77 | -€1,470 | €3,145 | +€4,615 | |
| Profit (loss) for the period | 9904 | €8,179 | €7,206 | -€973 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,179 | €7,206 | -€973 | -11.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.