BUSTANI: 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.
BUSTANI
Largest movements
- Cash +€34,559
up €34,559 (+97.8%), from €35,353 to €69,913
mainly Trade debts (+€32,843) and Net result for the year (+€13,627)
- Receivables within one year -€5,830
down €5,830 (-12.6%), from €46,238 to €40,408
of which Trade receivables: -€10,313
- Tangible fixed assets +€5,601
up €5,601 (+5.7%), from €98,522 to €104,123
of which Furniture and vehicles: +€9,386
- Deferred charges and accrued income +€4,188
up €4,188 (+479%), from €874 to €5,062
- Trade debts +€32,843
up €32,843 (+473%), from €6,945 to €39,789
- Profit (loss) carried forward +€13,627
up €13,627 (+88.5%), from -€15,397 to -€1,770
- Debts after one year -€9,171
down €9,171 (-22.9%), from €40,003 to €30,832
- Other debts +€7,275
up €7,275 (+9.8%), from €74,565 to €81,841
- Tax, wage and social debts -€6,513
down €6,513 (-62.7%), from €10,382 to €3,869
of which Taxes: -€6,513
- Gross operating margin +€17,269
up €17,269 (+128%), from €13,505 to €30,774
- Depreciation +€1,784
up €1,784 (+15.9%), from €11,214 to €12,998
- Other operating charges +€1,282
up €1,282 (+206%), from €622 to €1,905
- Financial charges +€1,122
up €1,122 (+97.1%), from €1,156 to €2,278
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 | €186,592 | €224,799 | +€38,206 | +20.5% |
| Fixed assets | 21/28 | €98,522 | €104,123 | +€5,601 | +5.7% |
| Tangible fixed assets | 22/27 | €98,522 | €104,123 | +€5,601 | +5.7% |
| Land and buildings | 22 | €73,825 | €70,444 | -€3,381 | -4.6% |
| Plant, machinery and equipment | 23 | €23,758 | €23,354 | -€404 | -1.7% |
| Furniture and vehicles | 24 | €939 | €10,325 | +€9,386 | +1,000% |
| Current assets | 29/58 | €88,070 | €120,676 | +€32,606 | +37.0% |
| Stocks and contracts in progress | 3 | €5,605 | €5,293 | -€312 | -5.6% |
| Stocks | 30/36 | €5,605 | €5,293 | -€312 | -5.6% |
| Amounts receivable within one year | 40/41 | €46,238 | €40,408 | -€5,830 | -12.6% |
| Trade receivables | 40 | €46,067 | €35,754 | -€10,313 | -22.4% |
| Other amounts receivable | 41 | €171 | €4,654 | +€4,483 | +2,628% |
| Cash at bank and in hand | 54/58 | €35,353 | €69,913 | +€34,559 | +97.8% |
| Deferred charges and accrued income | 490/1 | €874 | €5,062 | +€4,188 | +479% |
| Total equity and liabilities | 10/49 | €186,592 | €224,799 | +€38,206 | +20.5% |
| Equity | 10/15 | €45,670 | €59,297 | +€13,627 | +29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,467 | €42,467 | = | 0.0% |
| Non-distributable reserves | 130/1 | €578 | €578 | = | 0.0% |
| Reserves not available under the articles | 1311 | €578 | €578 | = | 0.0% |
| Distributable reserves | 133 | €41,890 | €41,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,397 | -€1,770 | +€13,627 | +88.5% |
| Amounts payable | 17/49 | €140,922 | €165,501 | +€24,579 | +17.4% |
| Amounts payable after more than one year | 17 | €40,003 | €30,832 | -€9,171 | -22.9% |
| Financial debts | 170/4 | €40,003 | €30,832 | -€9,171 | -22.9% |
| Amounts payable within one year | 42/48 | €100,919 | €134,669 | +€33,750 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €9,026 | €9,171 | +€145 | +1.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,945 | €39,789 | +€32,843 | +473% |
| Suppliers | 440/4 | €6,945 | €39,789 | +€32,843 | +473% |
| Taxes, remuneration and social security | 45 | €10,382 | €3,869 | -€6,513 | -62.7% |
| Taxes | 450/3 | €10,382 | €3,869 | -€6,513 | -62.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €74,565 | €81,841 | +€7,275 | +9.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,214 | €12,998 | +€1,784 | +15.9% |
| Other operating charges | 640/8 | €622 | €1,905 | +€1,282 | +206% |
| Gross operating margin | 9900 | €13,505 | €30,774 | +€17,269 | +128% |
| Operating profit (loss) | 9901 | €1,669 | €15,872 | +€14,203 | +851% |
| Financial income | 75/76B | €69 | €33 | -€36 | -52.4% |
| Recurring financial income | 75 | €69 | €33 | -€36 | -52.4% |
| Financial charges | 65/66B | €1,156 | €2,278 | +€1,122 | +97.1% |
| Recurring financial charges | 65 | €1,156 | €2,278 | +€1,122 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €582 | €13,627 | +€13,045 | +2,241% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €582 | €13,627 | +€13,045 | +2,241% |
| Profit (loss) for the period to be appropriated | 9905 | €582 | €13,627 | +€13,045 | +2,241% |
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 18 October 2026 via checked.be.