BUSSCHAERT-PROVOOST: 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-PROVOOST
Largest movements
- Cash +€116,741
up €116,741 (+44.2%), from €263,896 to €380,637
mainly Net result for the year (+€103,306) and Trade debts (+€27,428)
- Receivables within one year +€35,375
up €35,375 (+42.4%), from €83,473 to €118,847
of which Trade receivables: +€40,517
- Tangible fixed assets -€7,702
down €7,702 (-4.3%), from €180,256 to €172,554
of which Plant, machinery and equipment: -€3,960
- Reserves +€93,915
up €93,915 (+12.7%), from €738,355 to €832,270
of which Distributable reserves: +€93,915
- Trade debts +€27,428
up €27,428 (+46.3%), from €59,299 to €86,727
- Other debts +€13,602
new in 2025: €13,602
- Profit (loss) carried forward +€9,391
up €9,391 (+3.5%), from -€270,398 to -€261,007
- Tax, wage and social debts +€7,399
new in 2025: €7,399
- Gross operating margin +€22,068
up €22,068 (+15.7%), from €140,181 to €162,250
- Taxes +€13,628
up €13,628 (+45.0%), from €30,255 to €43,883
- Staff costs -€10,914
no longer reported in 2025 (was €10,914)
- Financial charges +€1,638
up €1,638 (+74.6%), from €2,196 to €3,834
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 | €550,307 | €697,583 | +€147,276 | +26.8% |
| Fixed assets | 21/28 | €180,391 | €172,689 | -€7,702 | -4.3% |
| Tangible fixed assets | 22/27 | €180,256 | €172,554 | -€7,702 | -4.3% |
| Land and buildings | 22 | €165,879 | €162,137 | -€3,743 | -2.3% |
| Plant, machinery and equipment | 23 | €14,377 | €10,417 | -€3,960 | -27.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €369,917 | €524,894 | +€154,978 | +41.9% |
| Stocks and contracts in progress | 3 | €20,800 | €19,648 | -€1,153 | -5.5% |
| Stocks | 30/36 | €20,800 | €19,648 | -€1,153 | -5.5% |
| Amounts receivable within one year | 40/41 | €83,473 | €118,847 | +€35,375 | +42.4% |
| Trade receivables | 40 | €67,248 | €107,765 | +€40,517 | +60.3% |
| Other amounts receivable | 41 | €16,225 | €11,082 | -€5,142 | -31.7% |
| Current investments | 50/53 | €471 | €471 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €263,896 | €380,637 | +€116,741 | +44.2% |
| Deferred charges and accrued income | 490/1 | €1,277 | €5,292 | +€4,015 | +314% |
| Total equity and liabilities | 10/49 | €550,307 | €697,583 | +€147,276 | +26.8% |
| Equity | 10/15 | €486,549 | €589,855 | +€103,306 | +21.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €738,355 | €832,270 | +€93,915 | +12.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,082 | €7,082 | = | 0.0% |
| Distributable reserves | 133 | €729,414 | €823,328 | +€93,915 | +12.9% |
| Profit (loss) carried forward | 14 | -€270,398 | -€261,007 | +€9,391 | +3.5% |
| Amounts payable | 17/49 | €63,759 | €107,728 | +€43,969 | +69.0% |
| Amounts payable within one year | 42/48 | €59,299 | €107,728 | +€48,429 | +81.7% |
| Trade debts | 44 | €59,299 | €86,727 | +€27,428 | +46.3% |
| Suppliers | 440/4 | €59,299 | €86,727 | +€27,428 | +46.3% |
| Taxes, remuneration and social security | 45 | - | €7,399 | +€7,399 | |
| Taxes | 450/3 | - | €7,399 | +€7,399 | |
| Other amounts payable | 47/48 | - | €13,602 | +€13,602 | |
| Accrued charges and deferred income | 492/3 | €4,460 | - | -€4,460 | |
| Remuneration, social security and pensions | 62 | €10,914 | - | -€10,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,656 | €7,702 | +€47 | +0.6% |
| Other operating charges | 640/8 | €5,210 | €5,725 | +€514 | +9.9% |
| Gross operating margin | 9900 | €140,181 | €162,250 | +€22,068 | +15.7% |
| Operating profit (loss) | 9901 | €116,402 | €148,823 | +€32,421 | +27.9% |
| Financial income | 75/76B | €1,205 | €2,200 | +€995 | +82.5% |
| Recurring financial income | 75 | €1,205 | €2,200 | +€995 | +82.5% |
| Financial charges | 65/66B | €2,196 | €3,834 | +€1,638 | +74.6% |
| Recurring financial charges | 65 | €2,196 | €3,834 | +€1,638 | +74.6% |
| Profit (loss) for the period before taxes | 9903 | €115,412 | €147,189 | +€31,778 | +27.5% |
| Income taxes | 67/77 | €30,255 | €43,883 | +€13,628 | +45.0% |
| Profit (loss) for the period | 9904 | €85,156 | €103,306 | +€18,150 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,156 | €103,306 | +€18,150 | +21.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.