BUGA KEMPEN: 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.
What changed
BUGA KEMPEN
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€44,377
2024 · €58,864-€103,241
Equity
€175,196
2024 · €219,573-€44,377
Cash
€22,811
2024 · €109,906-€87,095
Balance sheet total
€3.5m
2024 · €2.4m+€1.1m
Largest movements
Assets
- Receivables within one year +€528,731
up €528,731 (+155%), from €341,697 to €870,428
of which Trade receivables: +€313,348
- Stocks and contracts +€411,054
up €411,054 (+31.5%), from €1.3m to €1.7m
- Tangible fixed assets +€241,272
up €241,272 (+40.8%), from €591,557 to €832,829
of which Land and buildings: +€233,280
- Cash -€87,095
down €87,095 (-79.2%), from €109,906 to €22,811
mainly Receivables within one year (-€528,731) and Stocks and contracts (-€411,054)
Equity and liabilities
- Trade debts +€761,025
up €761,025 (+112%), from €680,200 to €1.4m
- Debts after one year +€457,665
up €457,665 (+147%), from €311,977 to €769,642
- Other debts -€369,076
down €369,076 (-45.9%), from €804,767 to €435,691
- Short-term financial debts +€205,011
up €205,011 (+1,977%), from €10,371 to €215,382
of which Credit institutions: +€211,770
- Current portion of long-term debt +€115,008
up €115,008 (+410%), from €28,023 to €143,031
Income statement
- Goods and materials -€11.4m
no longer reported in 2025 (was €11.4m)
of which Purchases: -€10.4m
- Gross operating margin +€2.3m
new in 2025: €2.3m
- Services and other goods -€1.4m
no longer reported in 2025 (was €1.4m)
- Turnover -€1.2m
down €1.2m (-7.9%), from €14.8m to €13.7m
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.
Result 2024
€58,864
Turnover
-€1.2m
Other operating income
-€135,147
Goods and materials
+€11.4m
Services and other goods
+€1.4m
Staff costs
-€116,419
Depreciation
-€46,916
Write-downs
+€6,303
Other operating charges
+€14,878
Other operating items
-€11.5m
Financial income
+€1,604
Financial charges
+€13,547
Taxes
+€18,080
Result 2025
-€44,377
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€495,387
Investment
-€369,392
Financing
+€777,684
Cash 2024
€109,906
From operations (derived)
-€495,387
Net result for the year
-€44,377
Depreciation
+€128,120
Stocks and contracts
-€411,054
Receivables within one year
-€528,731
Deferred charges and accrued income
+€16,066
Trade debts
+€761,025
Tax, wage and social debts
-€56,102
Other debts
-€369,076
Accrued charges and deferred income
+€8,742
Investment (derived)
-€369,392
Investment in fixed assets (net)
-€369,392
Financing
+€777,684
Debts after one year
+€457,665
Current portion of long-term debt
+€115,008
Short-term financial debts
+€205,011
Cash 2025
€22,811
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,411,476 | €3,489,372 | +€1.1m | +44.7% |
| Fixed assets | 21/28 | €599,135 | €840,407 | +€241,272 | +40.3% |
| Tangible fixed assets | 22/27 | €591,557 | €832,829 | +€241,272 | +40.8% |
| Land and buildings | 22 | €36,376 | €269,656 | +€233,280 | +641% |
| Plant, machinery and equipment | 23 | €334,613 | €307,118 | -€27,495 | -8.2% |
| Furniture and vehicles | 24 | €220,568 | €256,055 | +€35,487 | +16.1% |
| Financial fixed assets | 28 | €7,578 | €7,578 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,578 | - | -€7,578 | |
| Amounts receivable and cash guarantees | 285/8 | €7,578 | - | -€7,578 | |
| Current assets | 29/58 | €1,812,341 | €2,648,965 | +€836,624 | +46.2% |
| Stocks and contracts in progress | 3 | €1,304,651 | €1,715,705 | +€411,054 | +31.5% |
| Stocks | 30/36 | €1,304,651 | €1,715,705 | +€411,054 | +31.5% |
| Goods purchased for resale | 34 | €1,304,651 | - | -€1.3m | |
| Amounts receivable within one year | 40/41 | €341,697 | €870,428 | +€528,731 | +155% |
| Trade receivables | 40 | €328,525 | €641,873 | +€313,348 | +95.4% |
| Other amounts receivable | 41 | €13,172 | €228,555 | +€215,383 | +1,635% |
| Cash at bank and in hand | 54/58 | €109,906 | €22,811 | -€87,095 | -79.2% |
| Deferred charges and accrued income | 490/1 | €56,087 | €40,021 | -€16,066 | -28.6% |
| Total equity and liabilities | 10/49 | €2,411,476 | €3,489,372 | +€1.1m | +44.7% |
| Equity | 10/15 | €219,573 | €175,196 | -€44,377 | -20.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €345 | €345 | = | 0.0% |
| Distributable reserves | 133 | €345 | €345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,228 | -€25,149 | -€44,377 | |
| Amounts payable | 17/49 | €2,191,903 | €3,314,176 | +€1.1m | +51.2% |
| Amounts payable after more than one year | 17 | €311,977 | €769,642 | +€457,665 | +147% |
| Financial debts | 170/4 | €311,977 | €769,642 | +€457,665 | +147% |
| Credit institutions | 173 | €311,977 | - | -€311,977 | |
| Amounts payable within one year | 42/48 | €1,879,926 | €2,535,792 | +€655,866 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €28,023 | €143,031 | +€115,008 | +410% |
| Financial debts | 43 | €10,371 | €215,382 | +€205,011 | +1,977% |
| Credit institutions | 430/8 | - | €211,770 | +€211,770 | |
| Other loans | 439 | €10,371 | €3,612 | -€6,759 | -65.2% |
| Trade debts | 44 | €680,200 | €1,441,225 | +€761,025 | +112% |
| Suppliers | 440/4 | €680,200 | €1,441,225 | +€761,025 | +112% |
| Taxes, remuneration and social security | 45 | €356,565 | €300,463 | -€56,102 | -15.7% |
| Taxes | 450/3 | €134,166 | €67,666 | -€66,500 | -49.6% |
| Remuneration and social security | 454/9 | €222,399 | €232,797 | +€10,398 | +4.7% |
| Other amounts payable | 47/48 | €804,767 | €435,691 | -€369,076 | -45.9% |
| Accrued charges and deferred income | 492/3 | - | €8,742 | +€8,742 | |
| Operating income | 70/76A | €15,100,485 | - | -€15.1m | |
| Turnover | 70 | €14,829,751 | €13,663,131 | -€1.2m | -7.9% |
| Other operating income | 74 | €135,147 | - | -€135,147 | |
| Non-recurring operating income | 76A | €135,587 | €37,615 | -€97,972 | -72.3% |
| Operating charges | 60/66A | €14,946,121 | - | -€14.9m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,406,405 | +€1.4m | |
| Goods for resale, raw materials and consumables | 60 | €11,359,543 | - | -€11.4m | |
| Purchases | 600/8 | €10,419,433 | - | -€10.4m | |
| Change in stocks: decrease (increase) | 609 | €940,110 | - | -€940,110 | |
| Services and other goods | 61 | €1,431,142 | - | -€1.4m | |
| Remuneration, social security and pensions | 62 | €1,990,963 | €2,107,382 | +€116,419 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,204 | €128,120 | +€46,916 | +57.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11 | -€6,292 | -€6,303 | |
| Other operating charges | 640/8 | €83,258 | €68,380 | -€14,878 | -17.9% |
| Gross operating margin | 9900 | - | €2,315,482 | +€2.3m | |
| Operating profit (loss) | 9901 | €154,364 | €17,892 | -€136,472 | -88.4% |
| Financial income | 75/76B | €2,198 | €3,802 | +€1,604 | +73.0% |
| Recurring financial income | 75 | €2,198 | €3,802 | +€1,604 | +73.0% |
| Income from current assets | 751 | €42 | - | -€42 | |
| Other financial income | 752/9 | €2,156 | - | -€2,156 | |
| Financial charges | 65/66B | €69,618 | €56,071 | -€13,547 | -19.5% |
| Recurring financial charges | 65 | €69,618 | €56,071 | -€13,547 | -19.5% |
| Debt charges | 650 | €67,581 | - | -€67,581 | |
| Other financial charges | 652/9 | €2,037 | - | -€2,037 | |
| Profit (loss) for the period before taxes | 9903 | €86,944 | -€34,377 | -€121,321 | |
| Income taxes | 67/77 | €28,080 | €10,000 | -€18,080 | -64.4% |
| Taxes | 670/3 | €28,080 | - | -€28,080 | |
| Profit (loss) for the period | 9904 | €58,864 | -€44,377 | -€103,241 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,864 | -€44,377 | -€103,241 |
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 13 October 2026 via checked.be.