Busschaert & Co.: 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 & Co.
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+2,530%), from €59,341 to €1.6m
of which Trade receivables: +€1.4m
- Current investments -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Cash +€209,724
up €209,724 (+484%), from €43,297 to €253,021
mainly Current investments (+€1.1m) and Trade debts (+€401,548)
- Tangible fixed assets +€25,987
up €25,987 (+9.3%), from €280,872 to €306,860
of which Land and buildings: +€35,449
- Trade debts +€401,548
up €401,548 (+13,288%), from €3,022 to €404,570
- Profit (loss) carried forward +€383,218
up €383,218 (+116,781%), from €328 to €383,546
- Other debts -€208,052
down €208,052 (-99.6%), from €208,820 to €768
- Tax, wage and social debts +€23,541
up €23,541 (+700%), from €3,362 to €26,902
of which Taxes: +€20,863
- Gross operating margin +€343,121
up €343,121 (+1,475%), from €23,259 to €366,379
- Taxes +€130,863
up €130,863 (+5,648%), from €2,317 to €133,180
- Financial income +€102,489
up €102,489 (+95.8%), from €106,939 to €209,428
- Financial charges +€25,157
up €25,157, from -€24,220 to €937
of which Financial charges: +€35,031
- Other operating charges -€7,427
down €7,427 (-62.4%), from €11,899 to €4,472
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 | €1,529,283 | €2,124,538 | +€595,254 | +38.9% |
| Fixed assets | 21/28 | €280,956 | €306,941 | +€25,985 | +9.2% |
| Tangible fixed assets | 22/27 | €280,872 | €306,860 | +€25,987 | +9.3% |
| Land and buildings | 22 | €249,891 | €285,340 | +€35,449 | +14.2% |
| Plant, machinery and equipment | 23 | €785 | €1,118 | +€334 | +42.5% |
| Furniture and vehicles | 24 | €30,197 | €20,402 | -€9,795 | -32.4% |
| Financial fixed assets | 28 | €83 | €81 | -€2 | -2.4% |
| Current assets | 29/58 | €1,248,328 | €1,817,597 | +€569,269 | +45.6% |
| Amounts receivable within one year | 40/41 | €59,341 | €1,560,516 | +€1.5m | +2,530% |
| Trade receivables | 40 | €44,563 | €1,447,623 | +€1.4m | +3,148% |
| Other amounts receivable | 41 | €14,778 | €112,893 | +€98,115 | +664% |
| Current investments | 50/53 | €1,136,918 | €0 | -€1.1m | -100% |
| Cash at bank and in hand | 54/58 | €43,297 | €253,021 | +€209,724 | +484% |
| Deferred charges and accrued income | 490/1 | €8,772 | €4,060 | -€4,712 | -53.7% |
| Total equity and liabilities | 10/49 | €1,529,283 | €2,124,538 | +€595,254 | +38.9% |
| Equity | 10/15 | €1,309,080 | €1,692,297 | +€383,218 | +29.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,290,201 | €1,290,201 | = | 0.0% |
| Distributable reserves | 133 | €1,290,201 | €1,290,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328 | €383,546 | +€383,218 | +116,781% |
| Amounts payable | 17/49 | €220,204 | €432,240 | +€212,037 | +96.3% |
| Amounts payable within one year | 42/48 | €215,204 | €432,240 | +€217,037 | +101% |
| Trade debts | 44 | €3,022 | €404,570 | +€401,548 | +13,288% |
| Suppliers | 440/4 | €3,022 | €404,570 | +€401,548 | +13,288% |
| Taxes, remuneration and social security | 45 | €3,362 | €26,902 | +€23,541 | +700% |
| Taxes | 450/3 | €2,317 | €23,180 | +€20,863 | +900% |
| Remuneration and social security | 454/9 | €1,045 | €3,722 | +€2,677 | +256% |
| Other amounts payable | 47/48 | €208,820 | €768 | -€208,052 | -99.6% |
| Accrued charges and deferred income | 492/3 | €5,000 | €0 | -€5,000 | -100% |
| Remuneration, social security and pensions | 62 | €11,651 | €12,796 | +€1,145 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,256 | €41,205 | +€2,948 | +7.7% |
| Other operating charges | 640/8 | €11,899 | €4,472 | -€7,427 | -62.4% |
| Gross operating margin | 9900 | €23,259 | €366,379 | +€343,121 | +1,475% |
| Operating profit (loss) | 9901 | -€38,547 | €307,907 | +€346,454 | |
| Financial income | 75/76B | €106,939 | €209,428 | +€102,489 | +95.8% |
| Recurring financial income | 75 | €106,939 | €209,428 | +€102,489 | +95.8% |
| Financial charges | 65/66B | -€24,220 | €937 | +€25,157 | |
| Recurring financial charges | 65 | -€34,094 | €937 | +€35,031 | |
| Non-recurring financial charges | 66B | €9,874 | €0 | -€9,874 | -100% |
| Profit (loss) for the period before taxes | 9903 | €92,612 | €516,398 | +€423,786 | +458% |
| Income taxes | 67/77 | €2,317 | €133,180 | +€130,863 | +5,648% |
| Profit (loss) for the period | 9904 | €90,295 | €383,218 | +€292,922 | +324% |
| Profit (loss) for the period to be appropriated | 9905 | €90,295 | €383,218 | +€292,922 | +324% |
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.