BUSSCHAERT: 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.
BUSSCHAERT
Largest movements
- Cash -€4,141
down €4,141 (-62.9%), from €6,584 to €2,443
mainly Provisions (-€35,000) and Debts after one year (-€7,312)
- Provisions -€35,000
no longer reported in 2025 (was €35,000)
- Other debts +€29,127
up €29,127 (+16,149%), from €180 to €29,307
- Profit (loss) carried forward +€8,777
up €8,777 (+27.6%), from €31,826 to €40,602
- Debts after one year -€7,312
down €7,312 (-32.4%), from €22,546 to €15,234
- Gross operating margin +€1,940
up €1,940 (+18.4%), from €10,559 to €12,499
- Financial charges -€414
down €414 (-20.6%), from €2,012 to €1,597
- Taxes -€160
no longer reported in 2025 (was €160)
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 | €123,207 | €118,256 | -€4,950 | -4.0% |
| Fixed assets | 21/28 | €92,923 | €92,917 | -€6 | 0.0% |
| Tangible fixed assets | 22/27 | €91,935 | €91,929 | -€6 | 0.0% |
| Land and buildings | 22 | €91,929 | €91,929 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6 | - | -€6 | |
| Financial fixed assets | 28 | €989 | €989 | = | 0.0% |
| Current assets | 29/58 | €30,283 | €25,339 | -€4,944 | -16.3% |
| Stocks and contracts in progress | 3 | €16,763 | €16,763 | = | 0.0% |
| Stocks | 30/36 | €16,763 | €16,763 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,936 | €6,125 | -€811 | -11.7% |
| Trade receivables | 40 | €6,911 | €6,112 | -€799 | -11.6% |
| Other amounts receivable | 41 | €25 | €13 | -€13 | -50.5% |
| Cash at bank and in hand | 54/58 | €6,584 | €2,443 | -€4,141 | -62.9% |
| Deferred charges and accrued income | 490/1 | - | €8 | +€8 | |
| Total equity and liabilities | 10/49 | €123,207 | €118,256 | -€4,950 | -4.0% |
| Equity | 10/15 | €52,286 | €61,062 | +€8,777 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,826 | €40,602 | +€8,777 | +27.6% |
| Provisions and deferred taxes | 16 | €35,000 | - | -€35,000 | |
| Provisions for liabilities and charges | 160/5 | €35,000 | - | -€35,000 | |
| Environmental obligations | 163 | €35,000 | - | -€35,000 | |
| Amounts payable | 17/49 | €35,921 | €57,194 | +€21,273 | +59.2% |
| Amounts payable after more than one year | 17 | €22,546 | €15,234 | -€7,312 | -32.4% |
| Financial debts | 170/4 | €22,546 | €15,234 | -€7,312 | -32.4% |
| Amounts payable within one year | 42/48 | €13,376 | €41,960 | +€28,584 | +214% |
| Current portion of amounts payable after more than one year | 42 | €6,905 | €7,312 | +€407 | +5.9% |
| Trade debts | 44 | €1,597 | €486 | -€1,111 | -69.6% |
| Suppliers | 440/4 | €1,597 | €486 | -€1,111 | -69.6% |
| Taxes, remuneration and social security | 45 | €4,693 | €4,854 | +€161 | +3.4% |
| Taxes | 450/3 | €2,693 | €2,854 | +€161 | +6.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €180 | €29,307 | +€29,127 | +16,149% |
| Non-recurring operating income | 76A | €3,819 | €35,000 | +€31,181 | +817% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8 | €6 | -€2 | -26.6% |
| Other operating charges | 640/8 | €2,101 | €2,161 | +€60 | +2.8% |
| Non-recurring operating charges | 66A | €35,000 | - | -€35,000 | |
| Gross operating margin | 9900 | €10,559 | €12,499 | +€1,940 | +18.4% |
| Operating profit (loss) | 9901 | -€26,550 | €10,332 | +€36,883 | |
| Financial income | 75/76B | €7 | €42 | +€34 | +468% |
| Recurring financial income | 75 | €7 | €42 | +€34 | +468% |
| Financial charges | 65/66B | €2,012 | €1,597 | -€414 | -20.6% |
| Recurring financial charges | 65 | €2,012 | €1,597 | -€414 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,555 | €8,777 | +€37,331 | |
| Income taxes | 67/77 | €160 | - | -€160 | |
| Profit (loss) for the period | 9904 | -€28,714 | €8,777 | +€37,491 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,714 | €8,777 | +€37,491 |
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 14 October 2026 via checked.be.