YOANN BUSIGNY: 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.
YOANN BUSIGNY
Largest movements
- Current investments +€49,485
new in 2025: €49,485
- Receivables after one year +€33,300
up €33,300 (+12.2%), from €272,700 to €306,000
- Cash -€21,323
down €21,323 (-15.7%), from €136,011 to €114,688
mainly Other debts (-€148,800) and Contributions, distributions and other (-€56,195)
- Receivables within one year -€13,826
down €13,826 (-73.1%), from €18,918 to €5,091
of which Other amounts receivable: -€13,511
- Deferred charges and accrued income +€6,964
up €6,964 (+154%), from €4,532 to €11,496
- Other debts -€148,800
down €148,800 (-72.4%), from €205,425 to €56,625
- Debts after one year +€125,100
up €125,100 (+45.9%), from €272,700 to €397,800
- Profit (loss) carried forward +€72,976
no longer reported in 2025 (was -€72,976)
- Accrued charges and deferred income +€11,684
up €11,684 (+148%), from €7,907 to €19,590
- Gross operating margin +€264,002
up €264,002, from -€91,397 to €172,605
- Taxes +€20,930
up €20,930 (+6,048%), from €346 to €21,277
- Financial charges +€19,493
up €19,493 (+232%), from €8,419 to €27,912
- Financial income +€5,262
up €5,262 (+241%), from €2,187 to €7,449
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 | €434,692 | €490,009 | +€55,317 | +12.7% |
| Fixed assets | 21/28 | €2,531 | €3,249 | +€718 | +28.4% |
| Tangible fixed assets | 22/27 | €2,531 | €3,249 | +€718 | +28.4% |
| Plant, machinery and equipment | 23 | €997 | €2,114 | +€1,118 | +112% |
| Furniture and vehicles | 24 | €1,534 | €1,134 | -€400 | -26.1% |
| Current assets | 29/58 | €432,161 | €486,760 | +€54,599 | +12.6% |
| Amounts receivable after more than one year | 29 | €272,700 | €306,000 | +€33,300 | +12.2% |
| Trade receivables | 290 | €272,700 | €306,000 | +€33,300 | +12.2% |
| Amounts receivable within one year | 40/41 | €18,918 | €5,091 | -€13,826 | -73.1% |
| Trade receivables | 40 | €1,527 | €1,212 | -€315 | -20.6% |
| Other amounts receivable | 41 | €17,391 | €3,879 | -€13,511 | -77.7% |
| Current investments | 50/53 | - | €49,485 | +€49,485 | |
| Cash at bank and in hand | 54/58 | €136,011 | €114,688 | -€21,323 | -15.7% |
| Deferred charges and accrued income | 490/1 | €4,532 | €11,496 | +€6,964 | +154% |
| Total equity and liabilities | 10/49 | €434,692 | €490,009 | +€55,317 | +12.7% |
| Equity | 10/15 | -€57,976 | €15,000 | +€72,976 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,976 | - | +€72,976 | |
| Amounts payable | 17/49 | €492,668 | €475,009 | -€17,659 | -3.6% |
| Amounts payable after more than one year | 17 | €272,700 | €397,800 | +€125,100 | +45.9% |
| Financial debts | 170/4 | €272,700 | €397,800 | +€125,100 | +45.9% |
| Amounts payable within one year | 42/48 | €212,061 | €57,619 | -€154,442 | -72.8% |
| Trade debts | 44 | €4,302 | €994 | -€3,308 | -76.9% |
| Suppliers | 440/4 | €4,302 | €994 | -€3,308 | -76.9% |
| Taxes, remuneration and social security | 45 | €2,334 | - | -€2,334 | |
| Remuneration and social security | 454/9 | €2,334 | - | -€2,334 | |
| Other amounts payable | 47/48 | €205,425 | €56,625 | -€148,800 | -72.4% |
| Accrued charges and deferred income | 492/3 | €7,907 | €19,590 | +€11,684 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €786 | €1,303 | +€518 | +65.9% |
| Other operating charges | 640/8 | €993 | €392 | -€602 | -60.6% |
| Gross operating margin | 9900 | -€91,397 | €172,605 | +€264,002 | |
| Operating profit (loss) | 9901 | -€93,176 | €170,910 | +€264,086 | |
| Financial income | 75/76B | €2,187 | €7,449 | +€5,262 | +241% |
| Recurring financial income | 75 | €2,187 | €7,449 | +€5,262 | +241% |
| Financial charges | 65/66B | €8,419 | €27,912 | +€19,493 | +232% |
| Recurring financial charges | 65 | €8,419 | €27,912 | +€19,493 | +232% |
| Profit (loss) for the period before taxes | 9903 | -€99,408 | €150,447 | +€249,855 | |
| Income taxes | 67/77 | €346 | €21,277 | +€20,930 | +6,048% |
| Profit (loss) for the period | 9904 | -€99,754 | €129,171 | +€228,925 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,754 | €129,171 | +€228,925 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.