Buskruit: 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.
Buskruit
Largest movements
- Tangible fixed assets +€26,121
up €26,121 (+97.5%), from €26,786 to €52,907
of which Plant, machinery and equipment: +€14,675
- Stocks and contracts +€7,210
up €7,210 (+33.9%), from €21,291 to €28,500
- Receivables within one year -€6,924
down €6,924 (-69.7%), from €9,934 to €3,011
of which Other amounts receivable: -€4,875
- Intangible fixed assets -€4,500
down €4,500 (-40.0%), from €11,250 to €6,750
- Cash -€3,817
down €3,817 (-13.3%), from €28,749 to €24,932
mainly Investment in fixed assets (net) (-€40,825) and Contributions, distributions and other (-€16,433)
- Reserves +€35,818
up €35,818 (+162%), from €22,176 to €57,994
- Contributions -€15,600
down €15,600 (-83.9%), from €18,600 to €3,000
- Trade debts +€8,157
up €8,157 (+92.1%), from €8,859 to €17,017
- Tax, wage and social debts -€7,199
down €7,199 (-15.2%), from €47,474 to €40,275
of which Remuneration and social security: -€12,317
- Accrued charges and deferred income -€2,517
down €2,517 (-91.3%), from €2,757 to €240
- Staff costs -€36,673
down €36,673 (-21.7%), from €169,316 to €132,643
- Gross operating margin +€20,451
up €20,451 (+11.1%), from €184,550 to €205,001
- Taxes +€15,250
up €15,250 (+10,386%), from €147 to €15,397
- Depreciation +€5,070
up €5,070 (+35.9%), from €14,133 to €19,203
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 | €101,202 | €119,551 | +€18,349 | +18.1% |
| Fixed assets | 21/28 | €39,742 | €61,364 | +€21,621 | +54.4% |
| Intangible fixed assets | 21 | €11,250 | €6,750 | -€4,500 | -40.0% |
| Tangible fixed assets | 22/27 | €26,786 | €52,907 | +€26,121 | +97.5% |
| Plant, machinery and equipment | 23 | €4,955 | €19,630 | +€14,675 | +296% |
| Furniture and vehicles | 24 | - | €1,096 | +€1,096 | |
| Other tangible fixed assets | 26 | €21,831 | €32,181 | +€10,350 | +47.4% |
| Financial fixed assets | 28 | €1,706 | €1,706 | = | 0.0% |
| Current assets | 29/58 | €61,460 | €58,188 | -€3,272 | -5.3% |
| Stocks and contracts in progress | 3 | €21,291 | €28,500 | +€7,210 | +33.9% |
| Stocks | 30/36 | €21,291 | €28,500 | +€7,210 | +33.9% |
| Amounts receivable within one year | 40/41 | €9,934 | €3,011 | -€6,924 | -69.7% |
| Trade receivables | 40 | €5,059 | €3,011 | -€2,049 | -40.5% |
| Other amounts receivable | 41 | €4,875 | - | -€4,875 | |
| Cash at bank and in hand | 54/58 | €28,749 | €24,932 | -€3,817 | -13.3% |
| Deferred charges and accrued income | 490/1 | €1,487 | €1,745 | +€258 | +17.4% |
| Total equity and liabilities | 10/49 | €101,202 | €119,551 | +€18,349 | +18.1% |
| Equity | 10/15 | €40,654 | €60,994 | +€20,340 | +50.0% |
| Contributions | 10/11 | €18,600 | €3,000 | -€15,600 | -83.9% |
| Reserves | 13 | €22,176 | €57,994 | +€35,818 | +162% |
| Distributable reserves | 133 | €22,176 | €57,994 | +€35,818 | +162% |
| Profit (loss) carried forward | 14 | -€121 | - | +€121 | |
| Amounts payable | 17/49 | €60,548 | €58,557 | -€1,991 | -3.3% |
| Amounts payable within one year | 42/48 | €57,791 | €58,317 | +€526 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €1,390 | - | -€1,390 | |
| Trade debts | 44 | €8,859 | €17,017 | +€8,157 | +92.1% |
| Suppliers | 440/4 | €8,859 | €17,017 | +€8,157 | +92.1% |
| Taxes, remuneration and social security | 45 | €47,474 | €40,275 | -€7,199 | -15.2% |
| Taxes | 450/3 | €20,256 | €25,374 | +€5,118 | +25.3% |
| Remuneration and social security | 454/9 | €27,218 | €14,901 | -€12,317 | -45.3% |
| Other amounts payable | 47/48 | €68 | €1,026 | +€958 | +1,416% |
| Accrued charges and deferred income | 492/3 | €2,757 | €240 | -€2,517 | -91.3% |
| Remuneration, social security and pensions | 62 | €169,316 | €132,643 | -€36,673 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,133 | €19,203 | +€5,070 | +35.9% |
| Other operating charges | 640/8 | €772 | €796 | +€24 | +3.1% |
| Gross operating margin | 9900 | €184,550 | €205,001 | +€20,451 | +11.1% |
| Operating profit (loss) | 9901 | €329 | €52,359 | +€52,030 | +15,838% |
| Financial income | 75/76B | €250 | €66 | -€184 | -73.5% |
| Recurring financial income | 75 | €250 | €66 | -€184 | -73.5% |
| Financial charges | 65/66B | €553 | €255 | -€298 | -53.9% |
| Recurring financial charges | 65 | €553 | €255 | -€298 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €26 | €52,170 | +€52,144 | +204,167% |
| Income taxes | 67/77 | €147 | €15,397 | +€15,250 | +10,386% |
| Profit (loss) for the period | 9904 | -€121 | €36,773 | +€36,894 | |
| Profit (loss) for the period to be appropriated | 9905 | -€121 | €36,773 | +€36,894 |
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 16 October 2026 via checked.be.