BUSTIN MULTI SERVICES: what changed
Two fiscal 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.
BUSTIN MULTI SERVICES
Largest movements
- Receivables within one year -€20,042
down €20,042 (-27.5%), from €72,992 to €52,950
of which Trade receivables: -€18,245
- Tangible fixed assets -€8,875
down €8,875 (-7.6%), from €116,938 to €108,063
of which Land and buildings: -€7,048
- Cash +€7,821
up €7,821 (+56.9%), from €13,746 to €21,567
mainly Receivables within one year (+€20,042) and Depreciation (+€12,661)
- Debts after one year -€13,016
down €13,016 (-47.1%), from €27,649 to €14,633
- Profit (loss) carried forward -€12,793
down €12,793 (-80.0%), from €15,993 to €3,200
- Trade debts +€9,517
up €9,517 (+13.6%), from €69,748 to €79,264
- Tax, wage and social debts -€3,856
down €3,856 (-95.9%), from €4,022 to €166
- Write-downs +€38,803
new in 2025: €38,803
- Gross operating margin +€17,799
up €17,799 (+66.2%), from €26,869 to €44,668
- Depreciation +€2,270
up €2,270 (+21.8%), from €10,391 to €12,661
- Taxes -€2,118
down €2,118, from €2,062 to -€56
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.
Cash bridge derived
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 | €203,795 | €184,102 | -€19,693 | -9.7% |
| Fixed assets | 21/28 | €116,938 | €108,063 | -€8,875 | -7.6% |
| Tangible fixed assets | 22/27 | €116,938 | €108,063 | -€8,875 | -7.6% |
| Land and buildings | 22 | €97,890 | €90,843 | -€7,048 | -7.2% |
| Plant, machinery and equipment | 23 | €1,318 | €4,338 | +€3,020 | +229.2% |
| Furniture and vehicles | 24 | €17,730 | €12,882 | -€4,848 | -27.3% |
| Current assets | 29/58 | €86,857 | €76,039 | -€10,817 | -12.5% |
| Amounts receivable within one year | 40/41 | €72,992 | €52,950 | -€20,042 | -27.5% |
| Trade receivables | 40 | €67,835 | €49,589 | -€18,245 | -26.9% |
| Other amounts receivable | 41 | €5,157 | €3,360 | -€1,797 | -34.8% |
| Cash at bank and in hand | 54/58 | €13,746 | €21,567 | +€7,821 | +56.9% |
| Deferred charges and accrued income | 490/1 | €119 | €1,523 | +€1,404 | +1177.1% |
| Total equity and liabilities | 10/49 | €203,795 | €184,102 | -€19,693 | -9.7% |
| Equity | 10/15 | €89,817 | €77,024 | -€12,793 | -14.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €48,885 | €48,885 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,873 | €1,873 | = | 0.0% |
| Legal reserve | 130 | €1,873 | €1,873 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,762 | €38,762 | = | 0.0% |
| Distributable reserves | 133 | €8,250 | €8,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,993 | €3,200 | -€12,793 | -80.0% |
| Investment grants | 15 | €18,742 | €18,742 | = | 0.0% |
| Amounts payable | 17/49 | €113,978 | €107,078 | -€6,899 | -6.1% |
| Amounts payable after more than one year | 17 | €27,649 | €14,633 | -€13,016 | -47.1% |
| Financial debts | 170/4 | €27,649 | €14,633 | -€13,016 | -47.1% |
| Amounts payable within one year | 42/48 | €86,329 | €92,445 | +€6,116 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €12,560 | €13,016 | +€456 | +3.6% |
| Trade debts | 44 | €69,748 | €79,264 | +€9,517 | +13.6% |
| Suppliers | 440/4 | €69,748 | €79,264 | +€9,517 | +13.6% |
| Taxes, remuneration and social security | 45 | €4,022 | €166 | -€3,856 | -95.9% |
| Taxes | 450/3 | €4,022 | €166 | -€3,856 | -95.9% |
| Remuneration, social security and pensions | 62 | €1,167 | €881 | -€286 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,391 | €12,661 | +€2,270 | +21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €38,803 | +€38,803 | |
| Other operating charges | 640/8 | €2,441 | €2,837 | +€396 | +16.2% |
| Gross operating margin | 9900 | €26,869 | €44,668 | +€17,799 | +66.2% |
| Operating profit (loss) | 9901 | €12,870 | -€10,514 | -€23,384 | |
| Financial income | 75/76B | €18 | €13 | -€4 | -23.7% |
| Recurring financial income | 75 | €18 | €13 | -€4 | -23.7% |
| Financial charges | 65/66B | €2,560 | €2,348 | -€212 | -8.3% |
| Recurring financial charges | 65 | €2,560 | €2,348 | -€212 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €10,328 | -€12,849 | -€23,177 | |
| Income taxes | 67/77 | €2,062 | -€56 | -€2,118 | |
| Profit (loss) for the period | 9904 | €8,266 | -€12,793 | -€21,059 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,266 | -€12,793 | -€21,059 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.