BUSK'ART: 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.
BUSK'ART
Largest movements
- Receivables within one year -€11,511
down €11,511 (-28.3%), from €40,641 to €29,130
of which Trade receivables: -€7,508
- Cash +€7,296
up €7,296 (+10.3%), from €71,161 to €78,457
mainly Receivables within one year (+€11,511) and Trade debts (+€6,450)
- Tangible fixed assets -€3,822
down €3,822 (-55.6%), from €6,870 to €3,048
- Profit (loss) carried forward -€14,595
down €14,595 (-19.4%), from €75,232 to €60,637
- Trade debts +€6,450
up €6,450 (+18.6%), from €34,670 to €41,120
- Depreciation -€5,834
down €5,834 (-60.4%), from €9,656 to €3,822
- Gross operating margin -€2,494
down €2,494 (-38.6%), from -€6,461 to -€8,955
- Other operating charges +€610
up €610 (+69.2%), from €882 to €1,492
- Taxes -€367
down €367 (-77.6%), from €473 to €106
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.
Derived cash bridge
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 | €118,672 | €110,635 | -€8,037 | -6.8% |
| Fixed assets | 21/28 | €6,870 | €3,048 | -€3,822 | -55.6% |
| Tangible fixed assets | 22/27 | €6,870 | €3,048 | -€3,822 | -55.6% |
| Furniture and vehicles | 24 | €6,870 | €3,048 | -€3,822 | -55.6% |
| Current assets | 29/58 | €111,802 | €107,587 | -€4,215 | -3.8% |
| Amounts receivable within one year | 40/41 | €40,641 | €29,130 | -€11,511 | -28.3% |
| Trade receivables | 40 | €34,904 | €27,396 | -€7,508 | -21.5% |
| Other amounts receivable | 41 | €5,737 | €1,734 | -€4,003 | -69.8% |
| Cash at bank and in hand | 54/58 | €71,161 | €78,457 | +€7,296 | +10.3% |
| Total equity and liabilities | 10/49 | €118,672 | €110,635 | -€8,037 | -6.8% |
| Equity | 10/15 | €83,292 | €68,697 | -€14,595 | -17.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,232 | €60,637 | -€14,595 | -19.4% |
| Amounts payable | 17/49 | €35,380 | €41,938 | +€6,558 | +18.5% |
| Amounts payable within one year | 42/48 | €35,380 | €41,938 | +€6,558 | +18.5% |
| Trade debts | 44 | €34,670 | €41,120 | +€6,450 | +18.6% |
| Suppliers | 440/4 | €34,670 | €41,120 | +€6,450 | +18.6% |
| Taxes, remuneration and social security | 45 | €710 | €818 | +€108 | +15.2% |
| Taxes | 450/3 | €710 | €818 | +€108 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,656 | €3,822 | -€5,834 | -60.4% |
| Other operating charges | 640/8 | €882 | €1,492 | +€610 | +69.2% |
| Gross operating margin | 9900 | -€6,461 | -€8,955 | -€2,494 | -38.6% |
| Operating profit (loss) | 9901 | -€16,999 | -€14,269 | +€2,730 | +16.1% |
| Financial charges | 65/66B | €222 | €220 | -€2 | -0.9% |
| Recurring financial charges | 65 | €222 | €220 | -€2 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,221 | -€14,489 | +€2,732 | +15.9% |
| Income taxes | 67/77 | €473 | €106 | -€367 | -77.6% |
| Profit (loss) for the period | 9904 | -€17,694 | -€14,595 | +€3,099 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,694 | -€14,595 | +€3,099 | +17.5% |
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 28 October 2026 via checked.be.