E.VANDEN BUSSCHE: 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.
E.VANDEN BUSSCHE
Largest movements
- Cash +€19,264
up €19,264 (+47.7%), from €40,371 to €59,635
mainly Net result for the year (+€28,825) and Other debts (+€28,825)
- Other debts +€28,825
up €28,825 (+53.1%), from €54,334 to €83,158
- Debts after one year -€12,702
down €12,702 (-8.9%), from €142,164 to €129,462
- Gross operating margin +€1,012
up €1,012 (+2.3%), from €44,810 to €45,822
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 | €278,378 | €294,601 | +€16,224 | +5.8% |
| Fixed assets | 21/28 | €237,433 | €234,966 | -€2,466 | -1.0% |
| Tangible fixed assets | 22/27 | €237,433 | €234,966 | -€2,466 | -1.0% |
| Land and buildings | 22 | €237,433 | €234,966 | -€2,466 | -1.0% |
| Current assets | 29/58 | €40,945 | €59,635 | +€18,690 | +45.6% |
| Amounts receivable within one year | 40/41 | €85 | €0 | -€85 | -100% |
| Trade receivables | 40 | €85 | €0 | -€85 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €40,371 | €59,635 | +€19,264 | +47.7% |
| Deferred charges and accrued income | 490/1 | €489 | €0 | -€489 | -100% |
| Total equity and liabilities | 10/49 | €278,378 | €294,601 | +€16,224 | +5.8% |
| Equity | 10/15 | €68,171 | €68,171 | = | 0.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €210,207 | €226,431 | +€16,224 | +7.7% |
| Amounts payable after more than one year | 17 | €142,164 | €129,462 | -€12,702 | -8.9% |
| Financial debts | 170/4 | €142,164 | €129,462 | -€12,702 | -8.9% |
| Amounts payable within one year | 42/48 | €68,043 | €96,968 | +€28,926 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €12,598 | €12,702 | +€104 | +0.8% |
| Taxes, remuneration and social security | 45 | €1,111 | €1,108 | -€3 | -0.2% |
| Taxes | 450/3 | €1,111 | €1,108 | -€3 | -0.2% |
| Other amounts payable | 47/48 | €54,334 | €83,158 | +€28,825 | +53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,466 | €2,466 | = | 0.0% |
| Other operating charges | 640/8 | €3,193 | €3,292 | +€99 | +3.1% |
| Gross operating margin | 9900 | €44,810 | €45,822 | +€1,012 | +2.3% |
| Operating profit (loss) | 9901 | €39,150 | €40,063 | +€913 | +2.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,645 | €1,630 | -€14 | -0.9% |
| Recurring financial charges | 65 | €1,645 | €1,630 | -€14 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €37,505 | €38,433 | +€927 | +2.5% |
| Income taxes | 67/77 | €9,376 | €9,608 | +€232 | +2.5% |
| Profit (loss) for the period | 9904 | €28,129 | €28,825 | +€696 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,129 | €28,825 | +€696 | +2.5% |
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 24 October 2026 via checked.be.