BUGATTI'S: 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.
BUGATTI'S
Largest movements
- Receivables within one year -€6,848
down €6,848 (-1.7%), from €396,203 to €389,356
of which Other amounts receivable: -€12,372
- Deferred charges and accrued income -€6,032
down €6,032 (-99.3%), from €6,076 to €44
- Tax, wage and social debts +€31,223
up €31,223 (+38.3%), from €81,493 to €112,717
of which Taxes: +€28,704
- Trade debts -€20,635
down €20,635 (-14.2%), from €145,053 to €124,419
- Reserves -€9,385
down €9,385 (-8.9%), from €105,206 to €95,822
of which Distributable reserves: -€9,385
- Debts after one year -€7,491
down €7,491 (-22.4%), from €33,503 to €26,012
- Other debts -€5,600
down €5,600 (-17.3%), from €32,410 to €26,810
- Gross operating margin -€19,362
down €19,362 (-21.6%), from €89,612 to €70,250
- Staff costs +€11,470
up €11,470 (+23.2%), from €49,358 to €60,828
- Taxes -€8,333
down €8,333 (-97.4%), from €8,555 to €221
- Other operating charges +€7,001
up €7,001 (+208.9%), from €3,351 to €10,352
- Financial income -€1,021
down €1,021 (-7.7%), from €13,304 to €12,282
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 | €414,222 | €406,018 | -€8,204 | -2.0% |
| Fixed assets | 21/28 | €5,856 | €6,322 | +€467 | +8.0% |
| Tangible fixed assets | 22/27 | €880 | €1,346 | +€467 | +53.0% |
| Plant, machinery and equipment | 23 | €880 | €1,346 | +€467 | +53.0% |
| Financial fixed assets | 28 | €4,976 | €4,976 | = | 0.0% |
| Current assets | 29/58 | €408,366 | €399,696 | -€8,671 | -2.1% |
| Stocks and contracts in progress | 3 | €4,500 | €7,500 | +€3,000 | +66.7% |
| Stocks | 30/36 | €4,500 | €7,500 | +€3,000 | +66.7% |
| Amounts receivable within one year | 40/41 | €396,203 | €389,356 | -€6,848 | -1.7% |
| Trade receivables | 40 | €2,764 | €8,289 | +€5,524 | +199.9% |
| Other amounts receivable | 41 | €393,439 | €381,067 | -€12,372 | -3.1% |
| Cash at bank and in hand | 54/58 | €1,587 | €2,796 | +€1,209 | +76.2% |
| Deferred charges and accrued income | 490/1 | €6,076 | €44 | -€6,032 | -99.3% |
| Total equity and liabilities | 10/49 | €414,222 | €406,018 | -€8,204 | -2.0% |
| Equity | 10/15 | €111,406 | €102,022 | -€9,385 | -8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,206 | €95,822 | -€9,385 | -8.9% |
| 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 | €3,413 | €3,413 | = | 0.0% |
| Distributable reserves | 133 | €99,934 | €90,549 | -€9,385 | -9.4% |
| Amounts payable | 17/49 | €302,816 | €303,996 | +€1,180 | +0.4% |
| Amounts payable after more than one year | 17 | €33,503 | €26,012 | -€7,491 | -22.4% |
| Financial debts | 170/4 | €33,503 | €26,012 | -€7,491 | -22.4% |
| Amounts payable within one year | 42/48 | €269,313 | €277,190 | +€7,877 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €10,356 | €13,244 | +€2,888 | +27.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €145,053 | €124,419 | -€20,635 | -14.2% |
| Suppliers | 440/4 | €145,053 | €124,419 | -€20,635 | -14.2% |
| Taxes, remuneration and social security | 45 | €81,493 | €112,717 | +€31,223 | +38.3% |
| Taxes | 450/3 | €70,376 | €99,080 | +€28,704 | +40.8% |
| Remuneration and social security | 454/9 | €11,117 | €13,637 | +€2,519 | +22.7% |
| Other amounts payable | 47/48 | €32,410 | €26,810 | -€5,600 | -17.3% |
| Accrued charges and deferred income | 492/3 | - | €794 | +€794 | |
| Remuneration, social security and pensions | 62 | €49,358 | €60,828 | +€11,470 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €940 | €645 | -€295 | -31.4% |
| Other operating charges | 640/8 | €3,351 | €10,352 | +€7,001 | +208.9% |
| Gross operating margin | 9900 | €89,612 | €70,250 | -€19,362 | -21.6% |
| Operating profit (loss) | 9901 | €35,963 | -€1,575 | -€37,537 | |
| Financial income | 75/76B | €13,304 | €12,282 | -€1,021 | -7.7% |
| Recurring financial income | 75 | €13,304 | €12,282 | -€1,021 | -7.7% |
| Financial charges | 65/66B | €20,667 | €19,871 | -€796 | -3.8% |
| Recurring financial charges | 65 | €20,667 | €19,871 | -€796 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €28,600 | -€9,163 | -€37,763 | |
| Income taxes | 67/77 | €8,555 | €221 | -€8,333 | -97.4% |
| Profit (loss) for the period | 9904 | €20,045 | -€9,385 | -€29,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,045 | -€9,385 | -€29,430 |
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.