Bushido Enterprises: what changed
Bushido Enterprises
Largest movements
- Receivables within one year -€302,219
down €302,219 (-35.6%), from €848,519 to €546,301
of which Other amounts receivable: -€293,898
- Receivables after one year -€283,029
no longer reported in 2025 (was €283,029)
- Cash +€27,079
up €27,079 (+66.4%), from €40,792 to €67,871
mainly Accrued charges and deferred income (+€392,747) and Receivables within one year (+€302,219)
- Tangible fixed assets +€22,878
up €22,878 (+56.3%), from €40,605 to €63,483
of which Furniture and vehicles: +€22,067
- Other debts -€839,346
no longer reported in 2025 (was €839,346)
- Accrued charges and deferred income +€392,747
new in 2025: €392,747
- Tax, wage and social debts -€236,814
down €236,814 (-77.0%), from €307,594 to €70,780
- Profit (loss) carried forward +€184,566
up €184,566 (+735%), from €25,105 to €209,671
- Trade debts -€42,211
down €42,211 (-88.1%), from €47,904 to €5,693
- Gross operating margin -€62,005
down €62,005 (-22.2%), from €279,155 to €217,150
- Taxes -€17,432
down €17,432 (-20.3%), from €85,963 to €68,532
- Depreciation +€5,222
up €5,222 (+37.2%), from €14,025 to €19,246
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,220,949 | €679,891 | -€541,058 | -44.3% |
| Fixed assets | 21/28 | €43,019 | €63,483 | +€20,464 | +47.6% |
| Tangible fixed assets | 22/27 | €40,605 | €63,483 | +€22,878 | +56.3% |
| Plant, machinery and equipment | 23 | €4,204 | €4,197 | -€7 | -0.2% |
| Furniture and vehicles | 24 | €34,505 | €56,572 | +€22,067 | +64.0% |
| Other tangible fixed assets | 26 | €1,895 | €2,714 | +€819 | +43.2% |
| Financial fixed assets | 28 | €2,414 | - | -€2,414 | |
| Current assets | 29/58 | €1,177,930 | €616,408 | -€561,522 | -47.7% |
| Amounts receivable after more than one year | 29 | €283,029 | - | -€283,029 | |
| Other amounts receivable | 291 | €283,029 | - | -€283,029 | |
| Amounts receivable within one year | 40/41 | €848,519 | €546,301 | -€302,219 | -35.6% |
| Trade receivables | 40 | €9,173 | €853 | -€8,320 | -90.7% |
| Other amounts receivable | 41 | €839,346 | €545,448 | -€293,898 | -35.0% |
| Cash at bank and in hand | 54/58 | €40,792 | €67,871 | +€27,079 | +66.4% |
| Deferred charges and accrued income | 490/1 | €5,589 | €2,236 | -€3,353 | -60.0% |
| Total equity and liabilities | 10/49 | €1,220,949 | €679,891 | -€541,058 | -44.3% |
| Equity | 10/15 | €26,105 | €210,671 | +€184,566 | +707% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,105 | €209,671 | +€184,566 | +735% |
| Amounts payable | 17/49 | €1,194,844 | €469,220 | -€725,624 | -60.7% |
| Amounts payable within one year | 42/48 | €1,194,844 | €76,473 | -€1.1m | -93.6% |
| Trade debts | 44 | €47,904 | €5,693 | -€42,211 | -88.1% |
| Suppliers | 440/4 | €47,904 | €5,693 | -€42,211 | -88.1% |
| Taxes, remuneration and social security | 45 | €307,594 | €70,780 | -€236,814 | -77.0% |
| Taxes | 450/3 | €307,594 | €70,780 | -€236,814 | -77.0% |
| Other amounts payable | 47/48 | €839,346 | - | -€839,346 | |
| Accrued charges and deferred income | 492/3 | - | €392,747 | +€392,747 | |
| Non-recurring operating income | 76A | - | €86 | +€86 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,025 | €19,246 | +€5,222 | +37.2% |
| Other operating charges | 640/8 | €888 | €978 | +€90 | +10.1% |
| Gross operating margin | 9900 | €279,155 | €217,150 | -€62,005 | -22.2% |
| Operating profit (loss) | 9901 | €264,243 | €196,926 | -€67,317 | -25.5% |
| Financial income | 75/76B | €54,238 | €56,359 | +€2,121 | +3.9% |
| Recurring financial income | 75 | €54,238 | €56,359 | +€2,121 | +3.9% |
| Financial charges | 65/66B | €183 | €187 | +€4 | +2.1% |
| Recurring financial charges | 65 | €183 | €187 | +€4 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €318,298 | €253,098 | -€65,200 | -20.5% |
| Income taxes | 67/77 | €85,963 | €68,532 | -€17,432 | -20.3% |
| Profit (loss) for the period | 9904 | €232,335 | €184,566 | -€47,769 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €232,335 | €184,566 | -€47,769 | -20.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.