Bugerco: 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.
Bugerco
Largest movements
- Cash -€22,764
down €22,764 (-61.7%), from €36,868 to €14,104
mainly Other debts (-€37,878) and Contributions, distributions and other (-€8,500)
- Receivables within one year +€4,326
up €4,326 (+326.1%), from €1,327 to €5,653
of which Trade receivables: +€3,000
- Other debts -€37,878
down €37,878 (-98.7%), from €38,387 to €509
- Profit (loss) carried forward +€23,624
up €23,624 (+117.4%), from €20,130 to €43,755
- Tax, wage and social debts -€6,159
down €6,159 (-73.2%), from €8,414 to €2,255
- Trade debts +€2,303
up €2,303 (+142.7%), from €1,613 to €3,916
- Gross operating margin +€9,729
up €9,729 (+24.2%), from €40,158 to €49,887
- Taxes +€1,695
up €1,695 (+19.5%), from €8,673 to €10,369
- Depreciation +€1,268
up €1,268 (+23.9%), from €5,296 to €6,564
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 | €71,545 | €53,435 | -€18,110 | -25.3% |
| Fixed assets | 21/28 | €23,742 | €23,654 | -€89 | -0.4% |
| Tangible fixed assets | 22/27 | €23,742 | €23,654 | -€89 | -0.4% |
| Plant, machinery and equipment | 23 | €1,244 | €429 | -€815 | -65.5% |
| Furniture and vehicles | 24 | €20,079 | €21,056 | +€977 | +4.9% |
| Other tangible fixed assets | 26 | €2,419 | €2,169 | -€250 | -10.3% |
| Current assets | 29/58 | €47,802 | €29,781 | -€18,021 | -37.7% |
| Amounts receivable within one year | 40/41 | €1,327 | €5,653 | +€4,326 | +326.1% |
| Trade receivables | 40 | €0 | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €1,327 | €2,653 | +€1,326 | +100.0% |
| Current investments | 50/53 | €9,608 | €10,025 | +€417 | +4.3% |
| Cash at bank and in hand | 54/58 | €36,868 | €14,104 | -€22,764 | -61.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €71,545 | €53,435 | -€18,110 | -25.3% |
| Equity | 10/15 | €23,130 | €46,755 | +€23,624 | +102.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,130 | €43,755 | +€23,624 | +117.4% |
| Amounts payable | 17/49 | €48,414 | €6,680 | -€41,734 | -86.2% |
| Amounts payable within one year | 42/48 | €48,414 | €6,680 | -€41,734 | -86.2% |
| Trade debts | 44 | €1,613 | €3,916 | +€2,303 | +142.7% |
| Suppliers | 440/4 | €1,613 | €3,916 | +€2,303 | +142.7% |
| Taxes, remuneration and social security | 45 | €8,414 | €2,255 | -€6,159 | -73.2% |
| Taxes | 450/3 | €8,414 | €2,255 | -€6,159 | -73.2% |
| Other amounts payable | 47/48 | €38,387 | €509 | -€37,878 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,296 | €6,564 | +€1,268 | +23.9% |
| Other operating charges | 640/8 | €426 | €360 | -€67 | -15.6% |
| Gross operating margin | 9900 | €40,158 | €49,887 | +€9,729 | +24.2% |
| Operating profit (loss) | 9901 | €34,436 | €42,963 | +€8,527 | +24.8% |
| Financial income | 75/76B | €0 | €42 | +€42 | |
| Recurring financial income | 75 | €0 | €42 | +€42 | |
| Financial charges | 65/66B | €285 | €512 | +€227 | +79.5% |
| Recurring financial charges | 65 | €285 | €512 | +€227 | +79.5% |
| Profit (loss) for the period before taxes | 9903 | €34,151 | €42,493 | +€8,342 | +24.4% |
| Income taxes | 67/77 | €8,673 | €10,369 | +€1,695 | +19.5% |
| Profit (loss) for the period | 9904 | €25,477 | €32,124 | +€6,647 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,477 | €32,124 | +€6,647 | +26.1% |
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 11 October 2026 via checked.be.