Bussche Arseen en André: 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.
Bussche Arseen en André
Largest movements
- Stocks and contracts -€100,354
down €100,354 (-72.3%), from €138,888 to €38,534
- Receivables within one year -€53,253
no longer reported in 2025 (was €53,253)
of which Trade receivables: -€52,369
- Cash -€4,522
down €4,522 (-52.5%), from €8,619 to €4,097
mainly Net result for the year (-€100,457) and Other debts (-€63,983)
- Profit (loss) carried forward -€100,457
down €100,457 (-53.2%), from -€188,881 to -€289,338
- Other debts -€63,983
down €63,983 (-30.4%), from €210,485 to €146,502
- Short-term financial debts +€10,000
new in 2025: €10,000
- Trade debts -€2,588
down €2,588 (-14.1%), from €18,345 to €15,757
- Write-downs +€20,891
up €20,891 (+46.2%), from €45,184 to €66,075
- Gross operating margin -€9,633
down €9,633 (-61.0%), from €15,799 to €6,166
- Other operating charges -€5,596
down €5,596 (-85.3%), from €6,562 to €966
- Staff costs -€3,362
down €3,362 (-7.9%), from €42,821 to €39,459
- Taxes -€2,400
no longer reported in 2025 (was €2,400)
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 | €204,253 | €46,124 | -€158,129 | -77.4% |
| Fixed assets | 21/28 | €3,493 | €3,493 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,493 | €3,493 | = | 0.0% |
| Land and buildings | 22 | - | €3,493 | +€3,493 | |
| Plant, machinery and equipment | 23 | €3,493 | - | -€3,493 | |
| Current assets | 29/58 | €200,760 | €42,631 | -€158,129 | -78.8% |
| Stocks and contracts in progress | 3 | €138,888 | €38,534 | -€100,354 | -72.3% |
| Stocks | 30/36 | €138,888 | €38,534 | -€100,354 | -72.3% |
| Amounts receivable within one year | 40/41 | €53,253 | - | -€53,253 | |
| Trade receivables | 40 | €52,369 | - | -€52,369 | |
| Other amounts receivable | 41 | €884 | - | -€884 | |
| Cash at bank and in hand | 54/58 | €8,619 | €4,097 | -€4,522 | -52.5% |
| Total equity and liabilities | 10/49 | €204,253 | €46,124 | -€158,129 | -77.4% |
| Equity | 10/15 | -€26,347 | -€126,804 | -€100,457 | -381% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €112,534 | €112,534 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,304 | €34,304 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,304 | €34,304 | = | 0.0% |
| Distributable reserves | 133 | €78,230 | €78,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,881 | -€289,338 | -€100,457 | -53.2% |
| Amounts payable | 17/49 | €230,600 | €172,928 | -€57,672 | -25.0% |
| Amounts payable within one year | 42/48 | €230,600 | €172,928 | -€57,672 | -25.0% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €18,345 | €15,757 | -€2,588 | -14.1% |
| Suppliers | 440/4 | €18,345 | €15,757 | -€2,588 | -14.1% |
| Taxes, remuneration and social security | 45 | €1,770 | €669 | -€1,101 | -62.2% |
| Taxes | 450/3 | €1,770 | €669 | -€1,101 | -62.2% |
| Other amounts payable | 47/48 | €210,485 | €146,502 | -€63,983 | -30.4% |
| Remuneration, social security and pensions | 62 | €42,821 | €39,459 | -€3,362 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,184 | €66,075 | +€20,891 | +46.2% |
| Other operating charges | 640/8 | €6,562 | €966 | -€5,596 | -85.3% |
| Gross operating margin | 9900 | €15,799 | €6,166 | -€9,633 | -61.0% |
| Operating profit (loss) | 9901 | -€78,768 | -€100,334 | -€21,566 | -27.4% |
| Financial charges | 65/66B | €498 | €123 | -€375 | -75.3% |
| Recurring financial charges | 65 | €498 | €123 | -€375 | -75.3% |
| Profit (loss) for the period before taxes | 9903 | -€79,266 | -€100,457 | -€21,191 | -26.7% |
| Income taxes | 67/77 | €2,400 | - | -€2,400 | |
| Profit (loss) for the period | 9904 | -€81,666 | -€100,457 | -€18,791 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,666 | -€100,457 | -€18,791 | -23.0% |
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 1 November 2026 via checked.be.