Businga: 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.
Businga
Largest movements
- Stocks and contracts -€775,855
down €775,855 (-31.4%), from €2.5m to €1.7m
of which Contracts in progress: -€2.5m
- Deferred charges and accrued income +€79,399
new in 2025: €79,399
- Receivables within one year -€46,810
down €46,810 (-2.4%), from €2.0m to €1.9m
of which Other amounts receivable: -€55,206
- Current portion of long-term debt -€2.0m
down €2.0m (-98.9%), from €2.0m to €22,450
- Short-term financial debts +€750,000
new in 2025: €750,000
- Profit (loss) carried forward +€441,805
up €441,805 (+22.1%), from €2.0m to €2.4m
- Other debts -€360,995
down €360,995 (-100.0%), from €360,995 to €0
- Debts after one year +€292,447
up €292,447 (+2924.5%), from €10,000 to €302,447
of which Financial debts: +€302,447
- Gross operating margin +€469,728
up €469,728 (+297.3%), from €158,022 to €627,749
- Taxes +€147,983
up €147,983 (+1439.9%), from €10,277 to €158,260
- Financial charges -€92,167
down €92,167 (-67.0%), from €137,539 to €45,372
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 | €4,503,413 | €3,744,479 | -€758,934 | -16.9% |
| Current assets | 29/58 | €4,503,413 | €3,744,479 | -€758,934 | -16.9% |
| Stocks and contracts in progress | 3 | €2,473,581 | €1,697,726 | -€775,855 | -31.4% |
| Stocks | 30/36 | - | €1,697,726 | +€1.7m | |
| Contracts in progress | 37 | €2,473,581 | - | -€2.5m | |
| Amounts receivable within one year | 40/41 | €1,984,511 | €1,937,700 | -€46,810 | -2.4% |
| Trade receivables | 40 | €480 | €8,876 | +€8,396 | +1749.2% |
| Other amounts receivable | 41 | €1,984,031 | €1,928,824 | -€55,206 | -2.8% |
| Cash at bank and in hand | 54/58 | €45,321 | €29,654 | -€15,668 | -34.6% |
| Deferred charges and accrued income | 490/1 | - | €79,399 | +€79,399 | |
| Total equity and liabilities | 10/49 | €4,503,413 | €3,744,479 | -€758,934 | -16.9% |
| Equity | 10/15 | €2,069,517 | €2,511,322 | +€441,805 | +21.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,001,347 | €2,443,151 | +€441,805 | +22.1% |
| Amounts payable | 17/49 | €2,433,896 | €1,233,157 | -€1.2m | -49.3% |
| Amounts payable after more than one year | 17 | €10,000 | €302,447 | +€292,447 | +2924.5% |
| Financial debts | 170/4 | - | €302,447 | +€302,447 | |
| Other amounts payable | 178/9 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts payable within one year | 42/48 | €2,423,896 | €930,710 | -€1.5m | -61.6% |
| Current portion of amounts payable after more than one year | 42 | €2,002,730 | €22,450 | -€2.0m | -98.9% |
| Financial debts | 43 | - | €750,000 | +€750,000 | |
| Credit institutions | 430/8 | - | €750,000 | +€750,000 | |
| Trade debts | 44 | €49,895 | €0 | -€49,895 | -100.0% |
| Suppliers | 440/4 | €49,895 | €0 | -€49,895 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,277 | €158,260 | +€147,983 | +1439.9% |
| Taxes | 450/3 | €10,277 | €158,260 | +€147,983 | +1439.9% |
| Other amounts payable | 47/48 | €360,995 | €0 | -€360,995 | -100.0% |
| Non-recurring operating income | 76A | - | €8,751 | +€8,751 | |
| Other operating charges | 640/8 | €1,480 | €453 | -€1,027 | -69.4% |
| Gross operating margin | 9900 | €158,022 | €627,749 | +€469,728 | +297.3% |
| Operating profit (loss) | 9901 | €156,542 | €627,297 | +€470,755 | +300.7% |
| Financial income | 75/76B | €18,711 | €18,141 | -€570 | -3.0% |
| Recurring financial income | 75 | €18,711 | €18,141 | -€570 | -3.0% |
| Financial charges | 65/66B | €137,539 | €45,372 | -€92,167 | -67.0% |
| Recurring financial charges | 65 | €137,539 | €45,372 | -€92,167 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €37,714 | €600,065 | +€562,351 | +1491.1% |
| Income taxes | 67/77 | €10,277 | €158,260 | +€147,983 | +1439.9% |
| Profit (loss) for the period | 9904 | €27,437 | €441,805 | +€414,368 | +1510.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,437 | €441,805 | +€414,368 | +1510.3% |
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 1 October 2026 via checked.be.