DE BUSSCHERE BOUW: 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.
DE BUSSCHERE BOUW
Largest movements
- Receivables within one year +€113,712
up €113,712 (+30.4%), from €373,840 to €487,553
of which Trade receivables: +€112,872
- Stocks and contracts -€108,963
down €108,963 (-22.7%), from €480,047 to €371,084
- Trade debts -€99,513
down €99,513 (-69.9%), from €142,265 to €42,752
- Reserves +€40,001
up €40,001 (+12.6%), from €318,200 to €358,201
of which Distributable reserves: +€40,001
- Accrued charges and deferred income +€38,095
up €38,095 (+84.0%), from €45,337 to €83,432
- Other debts +€17,088
up €17,088 (+3.2%), from €537,355 to €554,443
- Gross operating margin -€145,420
down €145,420 (-52.8%), from €275,412 to €129,992
- Other operating charges -€42,219
down €42,219 (-83.8%), from €50,379 to €8,159
- Write-downs -€30,500
no longer reported in 2025 (was €30,500)
- Taxes -€16,095
down €16,095 (-52.9%), from €30,416 to €14,321
- Financial charges -€14,958
down €14,958 (-20.2%), from €74,010 to €59,053
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 | €1,636,232 | €1,645,667 | +€9,435 | +0.6% |
| Fixed assets | 21/28 | €777,978 | €772,986 | -€4,992 | -0.6% |
| Tangible fixed assets | 22/27 | €187,878 | €182,886 | -€4,992 | -2.7% |
| Land and buildings | 22 | €187,878 | €182,886 | -€4,992 | -2.7% |
| Financial fixed assets | 28 | €590,100 | €590,100 | = | 0.0% |
| Current assets | 29/58 | €858,255 | €872,681 | +€14,427 | +1.7% |
| Stocks and contracts in progress | 3 | €480,047 | €371,084 | -€108,963 | -22.7% |
| Stocks | 30/36 | €480,047 | €371,084 | -€108,963 | -22.7% |
| Amounts receivable within one year | 40/41 | €373,840 | €487,553 | +€113,712 | +30.4% |
| Trade receivables | 40 | €340,960 | €453,832 | +€112,872 | +33.1% |
| Other amounts receivable | 41 | €32,880 | €33,720 | +€840 | +2.6% |
| Cash at bank and in hand | 54/58 | €4,367 | €10,510 | +€6,143 | +141% |
| Deferred charges and accrued income | 490/1 | - | €3,534 | +€3,534 | |
| Total equity and liabilities | 10/49 | €1,636,232 | €1,645,667 | +€9,435 | +0.6% |
| Equity | 10/15 | €380,859 | €420,201 | +€39,342 | +10.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €318,200 | €358,201 | +€40,001 | +12.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €312,000 | €352,001 | +€40,001 | +12.8% |
| Profit (loss) carried forward | 14 | €659 | - | -€659 | |
| Amounts payable | 17/49 | €1,255,373 | €1,225,466 | -€29,907 | -2.4% |
| Amounts payable within one year | 42/48 | €1,210,037 | €1,142,035 | -€68,002 | -5.6% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €142,265 | €42,752 | -€99,513 | -69.9% |
| Suppliers | 440/4 | €142,265 | €42,752 | -€99,513 | -69.9% |
| Taxes, remuneration and social security | 45 | €30,416 | €44,839 | +€14,423 | +47.4% |
| Taxes | 450/3 | €30,416 | €44,839 | +€14,423 | +47.4% |
| Other amounts payable | 47/48 | €537,355 | €554,443 | +€17,088 | +3.2% |
| Accrued charges and deferred income | 492/3 | €45,337 | €83,432 | +€38,095 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,935 | €9,362 | +€427 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,500 | - | -€30,500 | |
| Other operating charges | 640/8 | €50,379 | €8,159 | -€42,219 | -83.8% |
| Gross operating margin | 9900 | €275,412 | €129,992 | -€145,420 | -52.8% |
| Operating profit (loss) | 9901 | €185,598 | €112,471 | -€73,128 | -39.4% |
| Financial income | 75/76B | €31 | €245 | +€214 | +682% |
| Recurring financial income | 75 | €31 | €245 | +€214 | +682% |
| Financial charges | 65/66B | €74,010 | €59,053 | -€14,958 | -20.2% |
| Recurring financial charges | 65 | €74,010 | €59,053 | -€14,958 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €111,619 | €53,663 | -€57,956 | -51.9% |
| Income taxes | 67/77 | €30,416 | €14,321 | -€16,095 | -52.9% |
| Profit (loss) for the period | 9904 | €81,203 | €39,342 | -€41,861 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,203 | €39,342 | -€41,861 | -51.6% |
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 26 October 2026 via checked.be.