BUG BUSTERS: what changed
Two fiscal 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.
BUG BUSTERS
Largest movements
- Cash +€151,509
up €151,509 (+1689.0%), from €8,970 to €160,479
mainly Receivables within one year (+€99,956) and Net result for the year (+€74,971)
- Receivables within one year -€99,956
down €99,956 (-48.7%), from €205,334 to €105,379
of which Other amounts receivable: -€100,261
- Stocks and contracts -€38,720
down €38,720 (-83.6%), from €46,304 to €7,584
of which Contracts in progress: -€39,376
- Tangible fixed assets -€15,661
down €15,661 (-55.3%), from €28,296 to €12,635
of which Furniture and vehicles: -€14,123
- Deferred charges and accrued income -€6,915
down €6,915 (-76.8%), from €9,004 to €2,090
- Profit (loss) carried forward +€74,971
new in 2025: €74,971
- Short-term financial debts -€44,844
no longer reported in 2025 (was €44,844)
- Tax, wage and social debts -€44,387
down €44,387 (-70.9%), from €62,632 to €18,245
of which Remuneration and social security: -€27,030
- Accrued charges and deferred income +€27,500
new in 2025: €27,500
- Trade debts -€23,273
down €23,273 (-38.7%), from €60,191 to €36,918
- Gross operating margin +€122,436
up €122,436 (+33.3%), from €367,375 to €489,811
- Staff costs +€80,310
up €80,310 (+32.0%), from €250,642 to €330,951
- Financial charges -€58,030
down €58,030 (-76.8%), from €75,524 to €17,494
of which Non-recurring financial charges: -€56,962
- Taxes +€36,140
up €36,140 (+407.9%), from €8,860 to €45,000
- Financial income -€5,337
down €5,337 (-92.8%), from €5,753 to €417
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.
Cash bridge derived
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 | €301,705 | €288,167 | -€13,538 | -4.5% |
| Fixed assets | 21/28 | €32,092 | €12,635 | -€19,456 | -60.6% |
| Tangible fixed assets | 22/27 | €28,296 | €12,635 | -€15,661 | -55.3% |
| Plant, machinery and equipment | 23 | €3,455 | €1,917 | -€1,538 | -44.5% |
| Furniture and vehicles | 24 | €24,842 | €10,719 | -€14,123 | -56.9% |
| Financial fixed assets | 28 | €3,795 | - | -€3,795 | |
| Current assets | 29/58 | €269,613 | €275,531 | +€5,918 | +2.2% |
| Stocks and contracts in progress | 3 | €46,304 | €7,584 | -€38,720 | -83.6% |
| Stocks | 30/36 | €6,928 | €7,584 | +€656 | +9.5% |
| Contracts in progress | 37 | €39,376 | - | -€39,376 | |
| Amounts receivable within one year | 40/41 | €205,334 | €105,379 | -€99,956 | -48.7% |
| Trade receivables | 40 | €105,073 | €105,379 | +€306 | +0.3% |
| Other amounts receivable | 41 | €100,261 | - | -€100,261 | |
| Cash at bank and in hand | 54/58 | €8,970 | €160,479 | +€151,509 | +1689.0% |
| Deferred charges and accrued income | 490/1 | €9,004 | €2,090 | -€6,915 | -76.8% |
| Total equity and liabilities | 10/49 | €301,705 | €288,167 | -€13,538 | -4.5% |
| Equity | 10/15 | €127,190 | €202,161 | +€74,971 | +58.9% |
| Contributions | 10/11 | €11,400 | €11,400 | = | 0.0% |
| Reserves | 13 | €115,790 | €115,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €113,930 | €113,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €74,971 | +€74,971 | |
| Amounts payable | 17/49 | €174,515 | €86,006 | -€88,509 | -50.7% |
| Amounts payable after more than one year | 17 | €3,343 | €3,343 | = | 0.0% |
| Financial debts | 170/4 | €3,343 | €3,343 | = | 0.0% |
| Amounts payable within one year | 42/48 | €171,172 | €55,163 | -€116,009 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €3,505 | - | -€3,505 | |
| Financial debts | 43 | €44,844 | - | -€44,844 | |
| Credit institutions | 430/8 | €44,844 | - | -€44,844 | |
| Trade debts | 44 | €60,191 | €36,918 | -€23,273 | -38.7% |
| Suppliers | 440/4 | €60,191 | €36,918 | -€23,273 | -38.7% |
| Taxes, remuneration and social security | 45 | €62,632 | €18,245 | -€44,387 | -70.9% |
| Taxes | 450/3 | €26,077 | €8,720 | -€17,357 | -66.6% |
| Remuneration and social security | 454/9 | €36,555 | €9,525 | -€27,030 | -73.9% |
| Accrued charges and deferred income | 492/3 | - | €27,500 | +€27,500 | |
| Remuneration, social security and pensions | 62 | €250,642 | €330,951 | +€80,310 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,048 | €4,983 | -€3,065 | -38.1% |
| Other operating charges | 640/8 | €4,911 | €2,889 | -€2,023 | -41.2% |
| Non-recurring operating charges | 66A | - | €13,940 | +€13,940 | |
| Gross operating margin | 9900 | €367,375 | €489,811 | +€122,436 | +33.3% |
| Operating profit (loss) | 9901 | €103,774 | €137,048 | +€33,274 | +32.1% |
| Financial income | 75/76B | €5,753 | €417 | -€5,337 | -92.8% |
| Recurring financial income | 75 | €5,753 | €417 | -€5,337 | -92.8% |
| Financial charges | 65/66B | €75,524 | €17,494 | -€58,030 | -76.8% |
| Recurring financial charges | 65 | €18,562 | €17,494 | -€1,068 | -5.8% |
| Non-recurring financial charges | 66B | €56,962 | - | -€56,962 | |
| Profit (loss) for the period before taxes | 9903 | €34,003 | €119,971 | +€85,967 | +252.8% |
| Income taxes | 67/77 | €8,860 | €45,000 | +€36,140 | +407.9% |
| Profit (loss) for the period | 9904 | €25,143 | €74,971 | +€49,827 | +198.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,143 | €74,971 | +€49,827 | +198.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.