LA BUSSOLA: what changed
LA BUSSOLA
Largest movements
- Tangible fixed assets +€65,669
up €65,669 (+744%), from €8,821 to €74,490
of which Plant, machinery and equipment: +€67,467
- Cash +€48,054
up €48,054 (+1,557%), from €3,086 to €51,140
mainly Net result for the year (+€59,014) and Other debts (+€40,000)
- Receivables within one year +€37,411
up €37,411 (+452%), from €8,273 to €45,684
of which Other amounts receivable: +€24,391
- Deferred charges and accrued income +€2,167
new in 2025: €2,167
- Reserves +€46,977
up €46,977 (+640%), from €7,339 to €54,316
of which Distributable reserves: +€46,977
- Other debts +€40,000
new in 2025: €40,000
- Tax, wage and social debts +€24,906
up €24,906 (+476%), from €5,235 to €30,141
- Debts after one year +€21,711
new in 2025: €21,711
- Profit (loss) carried forward +€12,037
no longer reported in 2025 (was -€12,037)
- Gross operating margin +€104,488
up €104,488, from -€6,558 to €97,930
- Taxes +€26,590
up €26,590 (+112,480%), from €24 to €26,614
- Depreciation +€8,242
up €8,242 (+239%), from €3,443 to €11,685
- Financial charges +€1,250
up €1,250 (+271%), from €461 to €1,711
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,368 | €177,544 | +€153,176 | +629% |
| Fixed assets | 21/28 | €8,911 | €74,580 | +€65,669 | +737% |
| Tangible fixed assets | 22/27 | €8,821 | €74,490 | +€65,669 | +744% |
| Plant, machinery and equipment | 23 | €1,240 | €68,707 | +€67,467 | +5,441% |
| Furniture and vehicles | 24 | €7,581 | €5,783 | -€1,799 | -23.7% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €15,457 | €102,964 | +€87,507 | +566% |
| Stocks and contracts in progress | 3 | €4,098 | €3,972 | -€126 | -3.1% |
| Stocks | 30/36 | €4,098 | €3,972 | -€126 | -3.1% |
| Amounts receivable within one year | 40/41 | €8,273 | €45,684 | +€37,411 | +452% |
| Trade receivables | 40 | €107 | €13,127 | +€13,020 | +12,192% |
| Other amounts receivable | 41 | €8,166 | €32,557 | +€24,391 | +299% |
| Cash at bank and in hand | 54/58 | €3,086 | €51,140 | +€48,054 | +1,557% |
| Deferred charges and accrued income | 490/1 | - | €2,167 | +€2,167 | |
| Total equity and liabilities | 10/49 | €24,368 | €177,544 | +€153,176 | +629% |
| Equity | 10/15 | €13,902 | €72,916 | +€59,014 | +424% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,339 | €54,316 | +€46,977 | +640% |
| Non-distributable reserves | 130/1 | €779 | €779 | = | 0.0% |
| Reserves not available under the articles | 1311 | €779 | €779 | = | 0.0% |
| Distributable reserves | 133 | €6,560 | €53,537 | +€46,977 | +716% |
| Profit (loss) carried forward | 14 | -€12,037 | - | +€12,037 | |
| Amounts payable | 17/49 | €10,466 | €104,628 | +€94,162 | +900% |
| Amounts payable after more than one year | 17 | - | €21,711 | +€21,711 | |
| Financial debts | 170/4 | - | €21,711 | +€21,711 | |
| Amounts payable within one year | 42/48 | €10,466 | €82,916 | +€72,451 | +692% |
| Current portion of amounts payable after more than one year | 42 | - | €5,589 | +€5,589 | |
| Financial debts | 43 | €419 | - | -€419 | |
| Credit institutions | 430/8 | €419 | - | -€419 | |
| Trade debts | 44 | €4,812 | €7,187 | +€2,375 | +49.4% |
| Suppliers | 440/4 | €4,812 | €7,187 | +€2,375 | +49.4% |
| Taxes, remuneration and social security | 45 | €5,235 | €30,141 | +€24,906 | +476% |
| Taxes | 450/3 | €5,235 | €30,141 | +€24,906 | +476% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,443 | €11,685 | +€8,242 | +239% |
| Other operating charges | 640/8 | €964 | €141 | -€823 | -85.4% |
| Gross operating margin | 9900 | -€6,558 | €97,930 | +€104,488 | |
| Operating profit (loss) | 9901 | -€10,966 | €86,104 | +€97,070 | |
| Financial income | 75/76B | €261 | €1,234 | +€973 | +373% |
| Recurring financial income | 75 | €261 | €1,234 | +€973 | +373% |
| Financial charges | 65/66B | €461 | €1,711 | +€1,250 | +271% |
| Recurring financial charges | 65 | €461 | €1,711 | +€1,250 | +271% |
| Profit (loss) for the period before taxes | 9903 | -€11,165 | €85,627 | +€96,793 | |
| Income taxes | 67/77 | €24 | €26,614 | +€26,590 | +112,480% |
| Profit (loss) for the period | 9904 | -€11,189 | €59,014 | +€70,203 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,189 | €59,014 | +€70,203 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.