BUSINY: 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.
BUSINY
Largest movements
- Cash -€165,127
down €165,127 (-81.1%), from €203,657 to €38,530
mainly Net result for the year (-€280,408) and Trade debts (-€103,564)
- Receivables within one year -€134,716
down €134,716 (-59.8%), from €225,138 to €90,422
of which Trade receivables: -€89,335
- Tangible fixed assets -€51,412
down €51,412 (-5.4%), from €945,438 to €894,026
of which Land and buildings: -€44,563
- Financial fixed assets -€38,275
no longer reported in 2025 (was €38,275)
- Profit (loss) carried forward -€280,408
down €280,408 (-102.9%), from -€272,391 to -€552,799
- Trade debts -€103,564
down €103,564 (-33.3%), from €311,245 to €207,682
- Tax, wage and social debts -€53,411
down €53,411 (-99.4%), from €53,747 to €336
- Debts after one year +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Gross operating margin -€203,811
down €203,811, from €25,076 to -€178,735
- Other operating charges -€61,747
down €61,747 (-58.7%), from €105,113 to €43,366
- Financial income -€18,770
down €18,770 (-96.7%), from €19,407 to €637
of which Non-recurring financial income: -€19,400
- Taxes -€6,054
down €6,054 (-97.7%), from €6,195 to €141
- Financial charges -€2,390
down €2,390 (-74.5%), from €3,208 to €818
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 | €1,419,898 | €1,025,152 | -€394,746 | -27.8% |
| Fixed assets | 21/28 | €983,713 | €894,026 | -€89,687 | -9.1% |
| Tangible fixed assets | 22/27 | €945,438 | €894,026 | -€51,412 | -5.4% |
| Land and buildings | 22 | €919,698 | €875,135 | -€44,563 | -4.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €25,740 | €18,891 | -€6,849 | -26.6% |
| Financial fixed assets | 28 | €38,275 | - | -€38,275 | |
| Current assets | 29/58 | €436,185 | €131,126 | -€305,058 | -69.9% |
| Amounts receivable within one year | 40/41 | €225,138 | €90,422 | -€134,716 | -59.8% |
| Trade receivables | 40 | €103,082 | €13,746 | -€89,335 | -86.7% |
| Other amounts receivable | 41 | €122,056 | €76,676 | -€45,381 | -37.2% |
| Cash at bank and in hand | 54/58 | €203,657 | €38,530 | -€165,127 | -81.1% |
| Deferred charges and accrued income | 490/1 | €7,390 | €2,174 | -€5,215 | -70.6% |
| Total equity and liabilities | 10/49 | €1,419,898 | €1,025,152 | -€394,746 | -27.8% |
| Equity | 10/15 | €593,674 | €313,266 | -€280,408 | -47.2% |
| Contributions | 10/11 | €175,721 | €175,721 | = | 0.0% |
| Revaluation surpluses | 12 | €644,385 | €641,944 | -€2,442 | -0.4% |
| Reserves | 13 | €45,959 | €48,401 | +€2,442 | +5.3% |
| Non-distributable reserves | 130/1 | €17,572 | €17,572 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,572 | €17,572 | = | 0.0% |
| Distributable reserves | 133 | €28,387 | €30,829 | +€2,442 | +8.6% |
| Profit (loss) carried forward | 14 | -€272,391 | -€552,799 | -€280,408 | -102.9% |
| Provisions and deferred taxes | 16 | €300,000 | €300,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €300,000 | €300,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable | 17/49 | €526,223 | €411,885 | -€114,338 | -21.7% |
| Amounts payable after more than one year | 17 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Other amounts payable | 178/9 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Amounts payable within one year | 42/48 | €376,223 | €211,885 | -€164,338 | -43.7% |
| Trade debts | 44 | €311,245 | €207,682 | -€103,564 | -33.3% |
| Suppliers | 440/4 | €311,245 | €207,682 | -€103,564 | -33.3% |
| Taxes, remuneration and social security | 45 | €53,747 | €336 | -€53,411 | -99.4% |
| Taxes | 450/3 | €53,747 | €336 | -€53,411 | -99.4% |
| Other amounts payable | 47/48 | €11,231 | €3,868 | -€7,364 | -65.6% |
| Non-recurring operating income | 76A | - | €135,498 | +€135,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,281 | €56,980 | -€2,301 | -3.9% |
| Other operating charges | 640/8 | €105,113 | €43,366 | -€61,747 | -58.7% |
| Non-recurring operating charges | 66A | - | €1,006 | +€1,006 | |
| Gross operating margin | 9900 | €25,076 | -€178,735 | -€203,811 | |
| Operating profit (loss) | 9901 | -€139,317 | -€280,086 | -€140,769 | -101.0% |
| Financial income | 75/76B | €19,407 | €637 | -€18,770 | -96.7% |
| Recurring financial income | 75 | €7 | €637 | +€631 | +9355.2% |
| Non-recurring financial income | 76B | €19,400 | - | -€19,400 | |
| Financial charges | 65/66B | €3,208 | €818 | -€2,390 | -74.5% |
| Recurring financial charges | 65 | €3,208 | €818 | -€2,390 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | -€123,119 | -€280,267 | -€157,148 | -127.6% |
| Income taxes | 67/77 | €6,195 | €141 | -€6,054 | -97.7% |
| Profit (loss) for the period | 9904 | -€129,314 | -€280,408 | -€151,094 | -116.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,314 | -€280,408 | -€151,094 | -116.8% |
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 4 October 2026 via checked.be.