MARIJKE DE BUSSER: 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.
MARIJKE DE BUSSER
Largest movements
- Tangible fixed assets -€86,714
down €86,714 (-99.9%), from €86,844 to €130
of which Land and buildings: -€85,709
- Receivables within one year +€10,738
up €10,738 (+1,142%), from €940 to €11,678
of which Other amounts receivable: +€6,738
- Cash -€6,257
down €6,257 (-71.9%), from €8,698 to €2,441
mainly Short-term financial debts (-€225,846) and Debts after one year (-€122,224)
- Profit (loss) carried forward +€313,187
up €313,187 (+95.9%), from -€326,501 to -€13,314
- Short-term financial debts -€225,846
down €225,846 (-98.2%), from €230,000 to €4,154
- Debts after one year -€122,224
no longer reported in 2025 (was €122,224)
- Other debts -€31,358
no longer reported in 2025 (was €31,358)
- Current portion of long-term debt -€22,416
no longer reported in 2025 (was €22,416)
- Gross operating margin +€356,206
up €356,206, from -€13,438 to €342,768
- Taxes +€15,986
new in 2025: €15,986
- Depreciation -€14,673
down €14,673 (-97.4%), from €15,062 to €390
- Financial charges -€8,657
down €8,657 (-43.6%), from €19,864 to €11,207
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 | €109,999 | €27,780 | -€82,219 | -74.7% |
| Fixed assets | 21/28 | €88,674 | €1,960 | -€86,714 | -97.8% |
| Tangible fixed assets | 22/27 | €86,844 | €130 | -€86,714 | -99.9% |
| Land and buildings | 22 | €85,709 | - | -€85,709 | |
| Plant, machinery and equipment | 23 | €1,135 | €130 | -€1,005 | -88.5% |
| Financial fixed assets | 28 | €1,830 | €1,830 | = | 0.0% |
| Current assets | 29/58 | €21,325 | €25,820 | +€4,495 | +21.1% |
| Stocks and contracts in progress | 3 | €11,682 | €11,682 | = | 0.0% |
| Stocks | 30/36 | €11,682 | €11,682 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €940 | €11,678 | +€10,738 | +1,142% |
| Trade receivables | 40 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | €940 | €7,678 | +€6,738 | +717% |
| Cash at bank and in hand | 54/58 | €8,698 | €2,441 | -€6,257 | -71.9% |
| Deferred charges and accrued income | 490/1 | €4 | €18 | +€14 | +304% |
| Total equity and liabilities | 10/49 | €109,999 | €27,780 | -€82,219 | -74.7% |
| Equity | 10/15 | -€307,172 | €6,015 | +€313,187 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €728 | €728 | = | 0.0% |
| Non-distributable reserves | 130/1 | €728 | €728 | = | 0.0% |
| Reserves not available under the articles | 1311 | €728 | €728 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€326,501 | -€13,314 | +€313,187 | +95.9% |
| Amounts payable | 17/49 | €417,171 | €21,765 | -€395,406 | -94.8% |
| Amounts payable after more than one year | 17 | €122,224 | - | -€122,224 | |
| Financial debts | 170/4 | €122,224 | - | -€122,224 | |
| Amounts payable within one year | 42/48 | €294,947 | €21,765 | -€273,182 | -92.6% |
| Current portion of amounts payable after more than one year | 42 | €22,416 | - | -€22,416 | |
| Financial debts | 43 | €230,000 | €4,154 | -€225,846 | -98.2% |
| Credit institutions | 430/8 | €230,000 | €4,154 | -€225,846 | -98.2% |
| Trade debts | 44 | €10,082 | €947 | -€9,135 | -90.6% |
| Suppliers | 440/4 | €10,082 | €947 | -€9,135 | -90.6% |
| Taxes, remuneration and social security | 45 | €1,091 | €16,664 | +€15,573 | +1,428% |
| Taxes | 450/3 | - | €16,664 | +€16,664 | |
| Remuneration and social security | 454/9 | €1,091 | - | -€1,091 | |
| Other amounts payable | 47/48 | €31,358 | - | -€31,358 | |
| Non-recurring operating income | 76A | - | €352,676 | +€352,676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,062 | €390 | -€14,673 | -97.4% |
| Other operating charges | 640/8 | €2,074 | €1,998 | -€76 | -3.7% |
| Gross operating margin | 9900 | -€13,438 | €342,768 | +€356,206 | |
| Operating profit (loss) | 9901 | -€30,574 | €340,380 | +€370,954 | |
| Financial income | 75/76B | €35 | - | -€35 | |
| Recurring financial income | 75 | €35 | - | -€35 | |
| Financial charges | 65/66B | €19,864 | €11,207 | -€8,657 | -43.6% |
| Recurring financial charges | 65 | €19,864 | €11,207 | -€8,657 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | -€50,404 | €329,173 | +€379,577 | |
| Income taxes | 67/77 | - | €15,986 | +€15,986 | |
| Profit (loss) for the period | 9904 | -€50,404 | €313,187 | +€363,591 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,404 | €313,187 | +€363,591 |
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.