Sven Bussens: what changed
Sven Bussens
Largest movements
- Cash -€48,114
down €48,114 (-41.0%), from €117,465 to €69,351
mainly Contributions, distributions and other (-€76,564) and Trade debts (-€4,920)
- Receivables within one year -€4,260
down €4,260 (-24.9%), from €17,091 to €12,831
of which Trade receivables: -€4,256
- Tangible fixed assets -€2,490
down €2,490 (-18.0%), from €13,801 to €11,311
of which Furniture and vehicles: -€4,344
- Reserves -€51,525
down €51,525 (-100%), from €51,525 to €0
- Tax, wage and social debts +€7,476
up €7,476 (+111%), from €6,709 to €14,185
- Trade debts -€4,920
down €4,920 (-99.3%), from €4,953 to €33
- Debts after one year -€3,333
down €3,333 (-92.2%), from €3,613 to €281
- Gross operating margin +€14,740
up €14,740 (+54.2%), from €27,176 to €41,916
- Taxes +€4,693
up €4,693 (+93.3%), from €5,029 to €9,721
- Financial charges -€896
down €896 (-74.9%), from €1,196 to €300
- Depreciation +€480
up €480 (+8.6%), from €5,558 to €6,038
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 | €148,531 | €93,493 | -€55,038 | -37.1% |
| Fixed assets | 21/28 | €13,801 | €11,311 | -€2,490 | -18.0% |
| Tangible fixed assets | 22/27 | €13,801 | €11,311 | -€2,490 | -18.0% |
| Land and buildings | 22 | €2,577 | €2,123 | -€454 | -17.6% |
| Plant, machinery and equipment | 23 | €2,476 | €4,785 | +€2,308 | +93.2% |
| Furniture and vehicles | 24 | €8,748 | €4,404 | -€4,344 | -49.7% |
| Current assets | 29/58 | €134,730 | €82,182 | -€52,549 | -39.0% |
| Amounts receivable within one year | 40/41 | €17,091 | €12,831 | -€4,260 | -24.9% |
| Trade receivables | 40 | €17,087 | €12,831 | -€4,256 | -24.9% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €117,465 | €69,351 | -€48,114 | -41.0% |
| Deferred charges and accrued income | 490/1 | €175 | €0 | -€175 | -100% |
| Total equity and liabilities | 10/49 | €148,531 | €93,493 | -€55,038 | -37.1% |
| Equity | 10/15 | €56,525 | €5,000 | -€51,525 | -91.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,525 | €0 | -€51,525 | -100% |
| Distributable reserves | 133 | €51,525 | €0 | -€51,525 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,007 | €88,493 | -€3,514 | -3.8% |
| Amounts payable after more than one year | 17 | €3,613 | €281 | -€3,333 | -92.2% |
| Financial debts | 170/4 | €3,613 | €281 | -€3,333 | -92.2% |
| Amounts payable within one year | 42/48 | €86,954 | €88,212 | +€1,258 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €3,262 | €3,333 | +€71 | +2.2% |
| Trade debts | 44 | €4,953 | €33 | -€4,920 | -99.3% |
| Suppliers | 440/4 | €4,953 | €33 | -€4,920 | -99.3% |
| Taxes, remuneration and social security | 45 | €6,709 | €14,185 | +€7,476 | +111% |
| Taxes | 450/3 | €6,709 | €14,185 | +€7,476 | +111% |
| Other amounts payable | 47/48 | €72,031 | €70,662 | -€1,369 | -1.9% |
| Accrued charges and deferred income | 492/3 | €1,439 | €0 | -€1,439 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,558 | €6,038 | +€480 | +8.6% |
| Other operating charges | 640/8 | €868 | €817 | -€50 | -5.8% |
| Gross operating margin | 9900 | €27,176 | €41,916 | +€14,740 | +54.2% |
| Operating profit (loss) | 9901 | €20,750 | €35,061 | +€14,311 | +69.0% |
| Financial income | 75/76B | €5 | €0 | -€5 | -91.4% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -91.4% |
| Financial charges | 65/66B | €1,196 | €300 | -€896 | -74.9% |
| Recurring financial charges | 65 | €1,196 | €300 | -€896 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | €19,559 | €34,761 | +€15,202 | +77.7% |
| Income taxes | 67/77 | €5,029 | €9,721 | +€4,693 | +93.3% |
| Profit (loss) for the period | 9904 | €14,530 | €25,040 | +€10,509 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,530 | €25,040 | +€10,509 | +72.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.