CAROLINE BUSET: 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.
CAROLINE BUSET
Largest movements
- Cash +€4,090
up €4,090 (+36.2%), from €11,306 to €15,397
mainly Other debts (+€8,251) and Depreciation (+€3,921)
- Tangible fixed assets +€1,500
up €1,500 (+21.1%), from €7,112 to €8,612
- Receivables within one year +€390
new in 2025: €390
- Other debts +€8,251
up €8,251 (+98.4%), from €8,384 to €16,635
- Trade debts -€2,562
no longer reported in 2025 (was €2,562)
- Profit (loss) carried forward +€516
up €516 (+39.4%), from €1,308 to €1,824
- Depreciation +€1,550
up €1,550 (+65.4%), from €2,371 to €3,921
- Gross operating margin +€452
up €452 (+10.3%), from €4,394 to €4,846
- Financial income +€168
up €168 (+3,350%), from €5 to €173
- Financial charges -€109
down €109 (-70.2%), from €156 to €46
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 | €18,418 | €24,399 | +€5,981 | +32.5% |
| Fixed assets | 21/28 | €7,112 | €8,612 | +€1,500 | +21.1% |
| Tangible fixed assets | 22/27 | €7,112 | €8,612 | +€1,500 | +21.1% |
| Furniture and vehicles | 24 | €7,112 | €8,612 | +€1,500 | +21.1% |
| Current assets | 29/58 | €11,306 | €15,787 | +€4,480 | +39.6% |
| Amounts receivable within one year | 40/41 | - | €390 | +€390 | |
| Trade receivables | 40 | - | €390 | +€390 | |
| Cash at bank and in hand | 54/58 | €11,306 | €15,397 | +€4,090 | +36.2% |
| Total equity and liabilities | 10/49 | €18,418 | €24,399 | +€5,981 | +32.5% |
| Equity | 10/15 | €6,308 | €6,824 | +€516 | +8.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,308 | €1,824 | +€516 | +39.4% |
| Amounts payable | 17/49 | €12,110 | €17,575 | +€5,465 | +45.1% |
| Amounts payable within one year | 42/48 | €11,511 | €17,170 | +€5,659 | +49.2% |
| Trade debts | 44 | €2,562 | - | -€2,562 | |
| Suppliers | 440/4 | €2,562 | - | -€2,562 | |
| Taxes, remuneration and social security | 45 | €565 | €535 | -€30 | -5.2% |
| Taxes | 450/3 | €565 | €535 | -€30 | -5.2% |
| Other amounts payable | 47/48 | €8,384 | €16,635 | +€8,251 | +98.4% |
| Accrued charges and deferred income | 492/3 | €599 | €405 | -€194 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,371 | €3,921 | +€1,550 | +65.4% |
| Gross operating margin | 9900 | €4,394 | €4,846 | +€452 | +10.3% |
| Operating profit (loss) | 9901 | €2,024 | €925 | -€1,099 | -54.3% |
| Financial income | 75/76B | €5 | €173 | +€168 | +3,350% |
| Recurring financial income | 75 | €5 | €173 | +€168 | +3,350% |
| Financial charges | 65/66B | €156 | €46 | -€109 | -70.2% |
| Recurring financial charges | 65 | €156 | €46 | -€109 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €1,873 | €1,051 | -€822 | -43.9% |
| Income taxes | 67/77 | €565 | €535 | -€30 | -5.2% |
| Profit (loss) for the period | 9904 | €1,308 | €516 | -€792 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,308 | €516 | -€792 | -60.6% |
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 28 October 2026 via checked.be.