MUYS BUSSEN: 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.
MUYS BUSSEN
Largest movements
- Tangible fixed assets +€734,360
up €734,360 (+108%), from €680,220 to €1.4m
- Receivables within one year +€291,920
up €291,920 (+80.2%), from €364,034 to €655,954
of which Other amounts receivable: +€261,069
- Cash -€231,457
down €231,457 (-55.6%), from €415,954 to €184,497
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€291,920)
- Other debts +€433,132
up €433,132 (+38.1%), from €1.1m to €1.6m
- Reserves +€343,778
up €343,778 (+66.3%), from €518,377 to €862,155
of which Distributable reserves: +€343,778
- Gross operating margin +€265,113
up €265,113 (+134%), from €198,530 to €463,643
- Depreciation +€166,175
up €166,175 (+102%), from €162,266 to €328,441
- Financial income +€46,911
up €46,911 (+23.6%), from €198,581 to €245,492
- Financial charges -€8,292
down €8,292 (-20.8%), from €39,865 to €31,573
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 | €1,685,208 | €2,480,031 | +€794,822 | +47.2% |
| Fixed assets | 21/28 | €905,220 | €1,639,580 | +€734,360 | +81.1% |
| Tangible fixed assets | 22/27 | €680,220 | €1,414,580 | +€734,360 | +108% |
| Furniture and vehicles | 24 | €680,220 | €1,414,580 | +€734,360 | +108% |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €779,988 | €840,451 | +€60,463 | +7.8% |
| Amounts receivable within one year | 40/41 | €364,034 | €655,954 | +€291,920 | +80.2% |
| Trade receivables | 40 | €116,398 | €147,248 | +€30,851 | +26.5% |
| Other amounts receivable | 41 | €247,636 | €508,705 | +€261,069 | +105% |
| Cash at bank and in hand | 54/58 | €415,954 | €184,497 | -€231,457 | -55.6% |
| Total equity and liabilities | 10/49 | €1,685,208 | €2,480,031 | +€794,822 | +47.2% |
| Equity | 10/15 | €536,969 | €880,747 | +€343,778 | +64.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €518,377 | €862,155 | +€343,778 | +66.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €451,518 | €795,296 | +€343,778 | +76.1% |
| Amounts payable | 17/49 | €1,148,239 | €1,599,284 | +€451,044 | +39.3% |
| Amounts payable within one year | 42/48 | €1,148,239 | €1,599,284 | +€451,044 | +39.3% |
| Trade debts | 44 | €7,816 | €26,027 | +€18,211 | +233% |
| Suppliers | 440/4 | €7,816 | €26,027 | +€18,211 | +233% |
| Taxes, remuneration and social security | 45 | €4,348 | €4,049 | -€299 | -6.9% |
| Taxes | 450/3 | €4,348 | €4,049 | -€299 | -6.9% |
| Other amounts payable | 47/48 | €1,136,075 | €1,569,207 | +€433,132 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,266 | €328,441 | +€166,175 | +102% |
| Other operating charges | 640/8 | €977 | €3,028 | +€2,050 | +210% |
| Gross operating margin | 9900 | €198,530 | €463,643 | +€265,113 | +134% |
| Operating profit (loss) | 9901 | €35,286 | €132,175 | +€96,888 | +275% |
| Financial income | 75/76B | €198,581 | €245,492 | +€46,911 | +23.6% |
| Recurring financial income | 75 | €198,581 | €245,492 | +€46,911 | +23.6% |
| Financial charges | 65/66B | €39,865 | €31,573 | -€8,292 | -20.8% |
| Recurring financial charges | 65 | €39,865 | €31,573 | -€8,292 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €194,002 | €346,094 | +€152,091 | +78.4% |
| Income taxes | 67/77 | €209 | €2,316 | +€2,107 | +1,007% |
| Profit (loss) for the period | 9904 | €193,793 | €343,778 | +€149,985 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €193,793 | €343,778 | +€149,985 | +77.4% |
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.