Bugdayci Consult: 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.
Bugdayci Consult
Largest movements
- Cash +€24,276
up €24,276 (+52.5%), from €46,230 to €70,506
mainly Net result for the year (+€32,368) and Depreciation (+€428)
- Receivables within one year +€5,006
up €5,006 (+48.8%), from €10,266 to €15,272
of which Other amounts receivable: +€3,009
- Reserves +€32,368
up €32,368 (+81.5%), from €39,728 to €72,096
- Tax, wage and social debts -€2,556
down €2,556 (-16.2%), from €15,807 to €13,251
- Other debts -€958
no longer reported in 2025 (was €958)
- Gross operating margin -€10,311
down €10,311 (-19.8%), from €52,196 to €41,885
- Taxes -€1,877
down €1,877 (-17.6%), from €10,679 to €8,802
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 | €57,493 | €86,347 | +€28,854 | +50.2% |
| Fixed assets | 21/28 | €996 | €568 | -€428 | -43.0% |
| Tangible fixed assets | 22/27 | €996 | €568 | -€428 | -43.0% |
| Furniture and vehicles | 24 | €996 | €568 | -€428 | -43.0% |
| Current assets | 29/58 | €56,497 | €85,779 | +€29,282 | +51.8% |
| Amounts receivable within one year | 40/41 | €10,266 | €15,272 | +€5,006 | +48.8% |
| Trade receivables | 40 | €10,232 | €12,229 | +€1,997 | +19.5% |
| Other amounts receivable | 41 | €34 | €3,044 | +€3,009 | +8,781% |
| Cash at bank and in hand | 54/58 | €46,230 | €70,506 | +€24,276 | +52.5% |
| Total equity and liabilities | 10/49 | €57,493 | €86,347 | +€28,854 | +50.2% |
| Equity | 10/15 | €40,728 | €73,096 | +€32,368 | +79.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €39,728 | €72,096 | +€32,368 | +81.5% |
| Distributable reserves | 133 | €39,728 | €72,096 | +€32,368 | +81.5% |
| Amounts payable | 17/49 | €16,764 | €13,251 | -€3,514 | -21.0% |
| Amounts payable within one year | 42/48 | €16,764 | €13,251 | -€3,514 | -21.0% |
| Taxes, remuneration and social security | 45 | €15,807 | €13,251 | -€2,556 | -16.2% |
| Taxes | 450/3 | €15,807 | €13,251 | -€2,556 | -16.2% |
| Other amounts payable | 47/48 | €958 | - | -€958 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288 | €428 | +€140 | +48.7% |
| Other operating charges | 640/8 | €518 | €121 | -€397 | -76.6% |
| Gross operating margin | 9900 | €52,196 | €41,885 | -€10,311 | -19.8% |
| Operating profit (loss) | 9901 | €51,390 | €41,335 | -€10,054 | -19.6% |
| Financial charges | 65/66B | €123 | €165 | +€42 | +34.2% |
| Recurring financial charges | 65 | €123 | €165 | +€42 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €51,266 | €41,170 | -€10,096 | -19.7% |
| Income taxes | 67/77 | €10,679 | €8,802 | -€1,877 | -17.6% |
| Profit (loss) for the period | 9904 | €40,587 | €32,368 | -€8,220 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,587 | €32,368 | -€8,220 | -20.3% |
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 27 October 2026 via checked.be.