J.BUSCHMANN: 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.
J.BUSCHMANN
Largest movements
- Tangible fixed assets -€22,673
down €22,673 (-6.5%), from €349,915 to €327,243
of which Land and buildings: -€18,502
- Cash +€22,240
up €22,240 (+53.6%), from €41,479 to €63,719
mainly Depreciation (+€23,046) and Net result for the year (+€8,903)
- Receivables within one year -€6,958
down €6,958 (-18.5%), from €37,559 to €30,601
of which Other amounts receivable: -€9,420
- Debts after one year -€24,986
down €24,986 (-8.5%), from €292,737 to €267,751
- Reserves +€8,044
up €8,044 (+12.0%), from €67,066 to €75,110
- Trade debts +€5,824
up €5,824 (+115.0%), from €5,062 to €10,886
- Tax, wage and social debts +€4,490
up €4,490 (+3275.0%), from €137 to €4,627
- Gross operating margin +€13,900
up €13,900 (+40.8%), from €34,081 to €47,980
- Taxes +€2,597
up €2,597 (+153.0%), from €1,697 to €4,294
- Depreciation +€2,002
up €2,002 (+9.5%), from €21,043 to €23,046
- Other operating charges +€1,396
up €1,396 (+41.2%), from €3,385 to €4,780
- Financial charges +€787
up €787 (+11.4%), from €6,907 to €7,694
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 | €431,290 | €422,680 | -€8,609 | -2.0% |
| Fixed assets | 21/28 | €349,915 | €327,243 | -€22,673 | -6.5% |
| Tangible fixed assets | 22/27 | €349,915 | €327,243 | -€22,673 | -6.5% |
| Land and buildings | 22 | €279,860 | €261,358 | -€18,502 | -6.6% |
| Plant, machinery and equipment | 23 | €1,393 | €1,170 | -€222 | -16.0% |
| Furniture and vehicles | 24 | €537 | €471 | -€66 | -12.3% |
| Other tangible fixed assets | 26 | €68,126 | €64,244 | -€3,882 | -5.7% |
| Current assets | 29/58 | €81,374 | €95,438 | +€14,064 | +17.3% |
| Amounts receivable within one year | 40/41 | €37,559 | €30,601 | -€6,958 | -18.5% |
| Trade receivables | 40 | €22,906 | €25,368 | +€2,462 | +10.7% |
| Other amounts receivable | 41 | €14,653 | €5,233 | -€9,420 | -64.3% |
| Cash at bank and in hand | 54/58 | €41,479 | €63,719 | +€22,240 | +53.6% |
| Deferred charges and accrued income | 490/1 | €2,335 | €1,118 | -€1,218 | -52.1% |
| Total equity and liabilities | 10/49 | €431,290 | €422,680 | -€8,609 | -2.0% |
| Equity | 10/15 | €79,466 | €87,510 | +€8,044 | +10.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €67,066 | €75,110 | +€8,044 | +12.0% |
| Distributable reserves | 133 | €67,066 | €75,110 | +€8,044 | +12.0% |
| Amounts payable | 17/49 | €351,824 | €335,171 | -€16,653 | -4.7% |
| Amounts payable after more than one year | 17 | €292,737 | €267,751 | -€24,986 | -8.5% |
| Financial debts | 170/4 | €292,737 | €267,751 | -€24,986 | -8.5% |
| Amounts payable within one year | 42/48 | €55,455 | €63,445 | +€7,989 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €24,368 | €24,986 | +€618 | +2.5% |
| Financial debts | 43 | €4,000 | €4,000 | = | 0.0% |
| Credit institutions | 430/8 | €4,000 | €4,000 | = | 0.0% |
| Trade debts | 44 | €5,062 | €10,886 | +€5,824 | +115.0% |
| Suppliers | 440/4 | €5,062 | €10,886 | +€5,824 | +115.0% |
| Taxes, remuneration and social security | 45 | €137 | €4,627 | +€4,490 | +3275.0% |
| Taxes | 450/3 | €137 | €4,627 | +€4,490 | +3275.0% |
| Other amounts payable | 47/48 | €21,888 | €18,945 | -€2,943 | -13.4% |
| Accrued charges and deferred income | 492/3 | €3,631 | €3,975 | +€343 | +9.5% |
| Non-recurring operating income | 76A | €771 | - | -€771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,043 | €23,046 | +€2,002 | +9.5% |
| Other operating charges | 640/8 | €3,385 | €4,780 | +€1,396 | +41.2% |
| Gross operating margin | 9900 | €34,081 | €47,980 | +€13,900 | +40.8% |
| Operating profit (loss) | 9901 | €9,653 | €20,155 | +€10,502 | +108.8% |
| Financial income | 75/76B | €322 | €736 | +€413 | +128.2% |
| Recurring financial income | 75 | €322 | €736 | +€413 | +128.2% |
| Financial charges | 65/66B | €6,907 | €7,694 | +€787 | +11.4% |
| Recurring financial charges | 65 | €6,907 | €7,694 | +€787 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €3,068 | €13,197 | +€10,128 | +330.1% |
| Income taxes | 67/77 | €1,697 | €4,294 | +€2,597 | +153.0% |
| Profit (loss) for the period | 9904 | €1,371 | €8,903 | +€7,532 | +549.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,371 | €8,903 | +€7,532 | +549.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.