DE BUSSER: 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 BUSSER
Largest movements
- Cash +€90,780
up €90,780 (+23.7%), from €382,396 to €473,177
mainly Net result for the year (+€124,686) and Receivables within one year (+€28,445)
- Receivables within one year -€28,445
down €28,445 (-40.6%), from €70,009 to €41,564
of which Other amounts receivable: -€16,441
- Tangible fixed assets +€23,489
up €23,489 (+25.4%), from €92,386 to €115,875
of which Furniture and vehicles: +€25,070
- Stocks and contracts -€19,300
down €19,300 (-35.8%), from €53,900 to €34,600
- Reserves +€124,000
up €124,000 (+27.1%), from €457,068 to €581,068
of which Distributable reserves: +€124,000
- Other debts -€51,020
down €51,020 (-13.9%), from €365,884 to €314,864
- Trade debts -€16,334
down €16,334 (-43.3%), from €37,690 to €21,356
- Tax, wage and social debts +€12,249
up €12,249 (+54.2%), from €22,583 to €34,832
of which Taxes: +€10,795
- Gross operating margin +€115,971
up €115,971 (+41.2%), from €281,685 to €397,655
- Taxes +€29,733
up €29,733 (+114%), from €26,062 to €55,795
- Financial charges +€19,085
up €19,085 (+628%), from €3,039 to €22,124
of which Non-recurring financial charges: +€21,902
- Staff costs +€6,777
up €6,777 (+4.1%), from €165,110 to €171,887
- Financial income -€4,948
down €4,948 (-35.4%), from €13,976 to €9,028
of which Financial income: -€4,548
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 | €901,963 | €971,406 | +€69,443 | +7.7% |
| Fixed assets | 21/28 | €92,386 | €115,875 | +€23,489 | +25.4% |
| Tangible fixed assets | 22/27 | €92,386 | €115,875 | +€23,489 | +25.4% |
| Land and buildings | 22 | €16,089 | €15,062 | -€1,027 | -6.4% |
| Plant, machinery and equipment | 23 | €4,430 | €3,876 | -€553 | -12.5% |
| Furniture and vehicles | 24 | €71,867 | €96,936 | +€25,070 | +34.9% |
| Current assets | 29/58 | €809,577 | €855,531 | +€45,954 | +5.7% |
| Stocks and contracts in progress | 3 | €53,900 | €34,600 | -€19,300 | -35.8% |
| Stocks | 30/36 | €53,900 | €34,600 | -€19,300 | -35.8% |
| Amounts receivable within one year | 40/41 | €70,009 | €41,564 | -€28,445 | -40.6% |
| Trade receivables | 40 | €46,580 | €34,576 | -€12,004 | -25.8% |
| Other amounts receivable | 41 | €23,429 | €6,988 | -€16,441 | -70.2% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €382,396 | €473,177 | +€90,780 | +23.7% |
| Deferred charges and accrued income | 490/1 | €3,273 | €6,191 | +€2,919 | +89.2% |
| Total equity and liabilities | 10/49 | €901,963 | €971,406 | +€69,443 | +7.7% |
| Equity | 10/15 | €475,668 | €600,354 | +€124,686 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €457,068 | €581,068 | +€124,000 | +27.1% |
| Non-distributable reserves | 130/1 | €2,894 | €2,894 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,894 | €2,894 | = | 0.0% |
| Distributable reserves | 133 | €454,174 | €578,174 | +€124,000 | +27.3% |
| Profit (loss) carried forward | 14 | - | €686 | +€686 | |
| Amounts payable | 17/49 | €426,295 | €371,052 | -€55,243 | -13.0% |
| Amounts payable within one year | 42/48 | €426,295 | €371,052 | -€55,243 | -13.0% |
| Trade debts | 44 | €37,690 | €21,356 | -€16,334 | -43.3% |
| Suppliers | 440/4 | €37,690 | €21,356 | -€16,334 | -43.3% |
| Advances received on contracts in progress | 46 | €138 | - | -€138 | |
| Taxes, remuneration and social security | 45 | €22,583 | €34,832 | +€12,249 | +54.2% |
| Taxes | 450/3 | €3,860 | €14,655 | +€10,795 | +280% |
| Remuneration and social security | 454/9 | €18,723 | €20,177 | +€1,454 | +7.8% |
| Other amounts payable | 47/48 | €365,884 | €314,864 | -€51,020 | -13.9% |
| Non-recurring operating income | 76A | €413 | €2,479 | +€2,066 | +500% |
| Remuneration, social security and pensions | 62 | €165,110 | €171,887 | +€6,777 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,629 | €27,386 | -€3,243 | -10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €234 | +€234 | |
| Other operating charges | 640/8 | €6,261 | €4,571 | -€1,690 | -27.0% |
| Gross operating margin | 9900 | €281,685 | €397,655 | +€115,971 | +41.2% |
| Operating profit (loss) | 9901 | €79,685 | €193,577 | +€113,892 | +143% |
| Financial income | 75/76B | €13,976 | €9,028 | -€4,948 | -35.4% |
| Recurring financial income | 75 | €13,577 | €9,028 | -€4,548 | -33.5% |
| Non-recurring financial income | 76B | €400 | - | -€400 | |
| Financial charges | 65/66B | €3,039 | €22,124 | +€19,085 | +628% |
| Recurring financial charges | 65 | €3,039 | €223 | -€2,816 | -92.7% |
| Non-recurring financial charges | 66B | - | €21,902 | +€21,902 | |
| Profit (loss) for the period before taxes | 9903 | €90,622 | €180,481 | +€89,859 | +99.2% |
| Income taxes | 67/77 | €26,062 | €55,795 | +€29,733 | +114% |
| Profit (loss) for the period | 9904 | €64,560 | €124,686 | +€60,126 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,560 | €124,686 | +€60,126 | +93.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.