IMMO BUSHI: 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.
IMMO BUSHI
Largest movements
- Tangible fixed assets +€129,153
up €129,153 (+28.6%), from €451,398 to €580,551
- Receivables within one year +€37,100
up €37,100 (+59.2%), from €62,700 to €99,800
of which Other amounts receivable: +€51,700
- Debts after one year +€148,324
up €148,324 (+56.1%), from €264,323 to €412,647
- Other debts +€14,250
up €14,250 (+9.5%), from €150,065 to €164,315
- Current portion of long-term debt +€9,880
up €9,880 (+46.2%), from €21,369 to €31,249
- Gross operating margin -€43,019
down €43,019 (-61.4%), from €70,014 to €26,995
- Taxes -€13,235
no longer reported in 2025 (was €13,235)
- Financial charges +€3,671
up €3,671 (+52.1%), from €7,051 to €10,721
- Depreciation +€1,174
up €1,174 (+8.9%), from €13,157 to €14,332
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 | €516,748 | €681,884 | +€165,136 | +32.0% |
| Fixed assets | 21/28 | €451,398 | €580,551 | +€129,153 | +28.6% |
| Tangible fixed assets | 22/27 | €451,398 | €580,551 | +€129,153 | +28.6% |
| Land and buildings | 22 | €451,398 | €580,551 | +€129,153 | +28.6% |
| Current assets | 29/58 | €65,350 | €101,333 | +€35,983 | +55.1% |
| Amounts receivable within one year | 40/41 | €62,700 | €99,800 | +€37,100 | +59.2% |
| Trade receivables | 40 | €20,000 | €5,400 | -€14,600 | -73.0% |
| Other amounts receivable | 41 | €42,700 | €94,400 | +€51,700 | +121% |
| Cash at bank and in hand | 54/58 | €2,650 | €1,533 | -€1,117 | -42.1% |
| Total equity and liabilities | 10/49 | €516,748 | €681,884 | +€165,136 | +32.0% |
| Equity | 10/15 | €57,732 | €59,445 | +€1,714 | +3.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,732 | €56,445 | +€1,714 | +3.1% |
| Amounts payable | 17/49 | €459,016 | €622,439 | +€163,423 | +35.6% |
| Amounts payable after more than one year | 17 | €264,323 | €412,647 | +€148,324 | +56.1% |
| Financial debts | 170/4 | €264,323 | €412,647 | +€148,324 | +56.1% |
| Amounts payable within one year | 42/48 | €194,693 | €209,792 | +€15,099 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €21,369 | €31,249 | +€9,880 | +46.2% |
| Trade debts | 44 | €5,250 | - | -€5,250 | |
| Suppliers | 440/4 | €5,250 | - | -€5,250 | |
| Taxes, remuneration and social security | 45 | €18,009 | €14,228 | -€3,781 | -21.0% |
| Taxes | 450/3 | €18,009 | €14,228 | -€3,781 | -21.0% |
| Other amounts payable | 47/48 | €150,065 | €164,315 | +€14,250 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,157 | €14,332 | +€1,174 | +8.9% |
| Other operating charges | 640/8 | €215 | €229 | +€14 | +6.5% |
| Gross operating margin | 9900 | €70,014 | €26,995 | -€43,019 | -61.4% |
| Operating profit (loss) | 9901 | €56,642 | €12,435 | -€44,207 | -78.0% |
| Financial charges | 65/66B | €7,051 | €10,721 | +€3,671 | +52.1% |
| Recurring financial charges | 65 | €7,051 | €10,721 | +€3,671 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €49,592 | €1,714 | -€47,878 | -96.5% |
| Income taxes | 67/77 | €13,235 | - | -€13,235 | |
| Profit (loss) for the period | 9904 | €36,357 | €1,714 | -€34,643 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,357 | €1,714 | -€34,643 | -95.3% |
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 20 October 2026 via checked.be.