Dr. Busschots: 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.
Dr. Busschots
Largest movements
- Cash +€93,107
up €93,107 (+635.4%), from €14,654 to €107,761
mainly Net result for the year (+€76,434) and Receivables within one year (+€51,127)
- Receivables within one year -€51,127
down €51,127 (-97.9%), from €52,247 to €1,120
of which Trade receivables: -€45,145
- Deferred charges and accrued income +€9,480
new in 2025: €9,480
- Tangible fixed assets +€2,291
up €2,291 (+134.7%), from €1,701 to €3,992
of which Other tangible fixed assets: +€3,142
- Profit (loss) carried forward +€28,293
up €28,293 (+58.8%), from €48,142 to €76,434
- Other debts +€10,167
new in 2025: €10,167
- Tax, wage and social debts +€8,509
new in 2025: €8,509
- Trade debts +€6,783
new in 2025: €6,783
- Gross operating margin +€38,044
up €38,044 (+63.3%), from €60,134 to €98,178
- Taxes +€7,656
up €7,656 (+61.5%), from €12,458 to €20,114
- Financial income -€2,526
down €2,526 (-87.9%), from €2,875 to €348
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 | €68,602 | €122,354 | +€53,752 | +78.4% |
| Fixed assets | 21/28 | €1,701 | €3,992 | +€2,291 | +134.7% |
| Tangible fixed assets | 22/27 | €1,701 | €3,992 | +€2,291 | +134.7% |
| Plant, machinery and equipment | 23 | €1,701 | €851 | -€851 | -50.0% |
| Other tangible fixed assets | 26 | - | €3,142 | +€3,142 | |
| Current assets | 29/58 | €66,901 | €118,361 | +€51,461 | +76.9% |
| Amounts receivable within one year | 40/41 | €52,247 | €1,120 | -€51,127 | -97.9% |
| Trade receivables | 40 | €45,145 | - | -€45,145 | |
| Other amounts receivable | 41 | €7,102 | €1,120 | -€5,982 | -84.2% |
| Cash at bank and in hand | 54/58 | €14,654 | €107,761 | +€93,107 | +635.4% |
| Deferred charges and accrued income | 490/1 | - | €9,480 | +€9,480 | |
| Total equity and liabilities | 10/49 | €68,602 | €122,354 | +€53,752 | +78.4% |
| Equity | 10/15 | €68,602 | €96,894 | +€28,293 | +41.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,142 | €76,434 | +€28,293 | +58.8% |
| Amounts payable | 17/49 | - | €25,459 | +€25,459 | |
| Amounts payable within one year | 42/48 | - | €25,459 | +€25,459 | |
| Trade debts | 44 | - | €6,783 | +€6,783 | |
| Suppliers | 440/4 | - | €6,783 | +€6,783 | |
| Taxes, remuneration and social security | 45 | - | €8,509 | +€8,509 | |
| Taxes | 450/3 | - | €8,509 | +€8,509 | |
| Other amounts payable | 47/48 | - | €10,167 | +€10,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,712 | €1,399 | -€313 | -18.3% |
| Other operating charges | 640/8 | €569 | €463 | -€105 | -18.5% |
| Gross operating margin | 9900 | €60,134 | €98,178 | +€38,044 | +63.3% |
| Operating profit (loss) | 9901 | €57,853 | €96,316 | +€38,463 | +66.5% |
| Financial income | 75/76B | €2,875 | €348 | -€2,526 | -87.9% |
| Recurring financial income | 75 | €2,875 | €348 | -€2,526 | -87.9% |
| Financial charges | 65/66B | €128 | €116 | -€12 | -9.5% |
| Recurring financial charges | 65 | €128 | €116 | -€12 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €60,600 | €96,548 | +€35,948 | +59.3% |
| Income taxes | 67/77 | €12,458 | €20,114 | +€7,656 | +61.5% |
| Profit (loss) for the period | 9904 | €48,142 | €76,434 | +€28,293 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,142 | €76,434 | +€28,293 | +58.8% |
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 6 October 2026 via checked.be.