KANTOOR BUSSCHAERT: 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.
KANTOOR BUSSCHAERT
Largest movements
- Tangible fixed assets -€36,793
down €36,793 (-14.3%), from €256,964 to €220,171
of which Leasing and similar rights: -€22,440
- Cash -€31,420
down €31,420 (-86.3%), from €36,399 to €4,979
mainly Other debts (-€73,878) and Investment in fixed assets (net) (-€64,576)
- Receivables within one year +€28,588
up €28,588 (+111%), from €25,852 to €54,440
of which Trade receivables: +€41,318
- Current investments +€19,976
up €19,976 (+3.7%), from €537,159 to €557,134
- Profit (loss) carried forward +€88,177
up €88,177 (+88.3%), from €99,821 to €187,998
- Other debts -€73,878
down €73,878 (-78.7%), from €93,927 to €20,049
- Debts after one year -€45,717
down €45,717 (-27.6%), from €165,719 to €120,003
- Reserves +€30,000
up €30,000 (+9.5%), from €314,200 to €344,200
- Tax, wage and social debts -€29,251
down €29,251 (-39.1%), from €74,880 to €45,630
of which Taxes: -€36,967
- Gross operating margin +€51,442
up €51,442 (+12.7%), from €405,007 to €456,449
- Depreciation +€47,423
up €47,423 (+87.9%), from €53,946 to €101,370
- Staff costs +€23,090
up €23,090 (+15.8%), from €145,900 to €168,990
- Taxes -€8,933
down €8,933 (-15.5%), from €57,795 to €48,863
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 | €856,373 | €838,107 | -€18,266 | -2.1% |
| Fixed assets | 21/28 | €256,964 | €220,171 | -€36,793 | -14.3% |
| Tangible fixed assets | 22/27 | €256,964 | €220,171 | -€36,793 | -14.3% |
| Land and buildings | 22 | €41,176 | €35,446 | -€5,729 | -13.9% |
| Plant, machinery and equipment | 23 | €11,448 | €23,935 | +€12,487 | +109% |
| Furniture and vehicles | 24 | €80,920 | €59,809 | -€21,111 | -26.1% |
| Leasing and similar rights | 25 | €123,420 | €100,980 | -€22,440 | -18.2% |
| Current assets | 29/58 | €599,409 | €617,936 | +€18,527 | +3.1% |
| Amounts receivable within one year | 40/41 | €25,852 | €54,440 | +€28,588 | +111% |
| Trade receivables | 40 | €13,122 | €54,440 | +€41,318 | +315% |
| Other amounts receivable | 41 | €12,730 | €0 | -€12,730 | -100% |
| Current investments | 50/53 | €537,159 | €557,134 | +€19,976 | +3.7% |
| Cash at bank and in hand | 54/58 | €36,399 | €4,979 | -€31,420 | -86.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,383 | +€1,383 | |
| Total equity and liabilities | 10/49 | €856,373 | €838,107 | -€18,266 | -2.1% |
| Equity | 10/15 | €476,021 | €594,198 | +€118,177 | +24.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €314,200 | €344,200 | +€30,000 | +9.5% |
| Distributable reserves | 133 | €314,200 | €344,200 | +€30,000 | +9.5% |
| Profit (loss) carried forward | 14 | €99,821 | €187,998 | +€88,177 | +88.3% |
| Amounts payable | 17/49 | €380,352 | €243,909 | -€136,443 | -35.9% |
| Amounts payable after more than one year | 17 | €165,719 | €120,003 | -€45,717 | -27.6% |
| Financial debts | 170/4 | €165,719 | €120,003 | -€45,717 | -27.6% |
| Amounts payable within one year | 42/48 | €214,633 | €123,906 | -€90,726 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €45,825 | €45,717 | -€108 | -0.2% |
| Trade debts | 44 | - | €12,510 | +€12,510 | |
| Suppliers | 440/4 | - | €12,510 | +€12,510 | |
| Taxes, remuneration and social security | 45 | €74,880 | €45,630 | -€29,251 | -39.1% |
| Taxes | 450/3 | €49,502 | €12,535 | -€36,967 | -74.7% |
| Remuneration and social security | 454/9 | €25,378 | €33,095 | +€7,716 | +30.4% |
| Other amounts payable | 47/48 | €93,927 | €20,049 | -€73,878 | -78.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €145,900 | €168,990 | +€23,090 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,946 | €101,370 | +€47,423 | +87.9% |
| Other operating charges | 640/8 | €3,847 | €3,380 | -€467 | -12.1% |
| Gross operating margin | 9900 | €405,007 | €456,449 | +€51,442 | +12.7% |
| Operating profit (loss) | 9901 | €201,314 | €182,710 | -€18,604 | -9.2% |
| Financial income | 75/76B | €7,074 | €11,057 | +€3,982 | +56.3% |
| Recurring financial income | 75 | €7,074 | €11,057 | +€3,982 | +56.3% |
| Financial charges | 65/66B | €7,370 | €6,727 | -€643 | -8.7% |
| Recurring financial charges | 65 | €7,370 | €6,727 | -€643 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €201,018 | €187,040 | -€13,978 | -7.0% |
| Income taxes | 67/77 | €57,795 | €48,863 | -€8,933 | -15.5% |
| Profit (loss) for the period | 9904 | €143,223 | €138,177 | -€5,046 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €143,223 | €138,177 | -€5,046 | -3.5% |
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 30 October 2026 via checked.be.