BUGETIM: 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.
BUGETIM
Largest movements
- Tangible fixed assets -€32,098
down €32,098 (-3.3%), from €975,656 to €943,558
of which Land and buildings: -€27,924
- Cash -€22,150
down €22,150 (-10.1%), from €218,701 to €196,550
mainly Net result for the year (-€30,040) and Debts after one year (-€26,006)
- Debts after one year -€26,006
down €26,006 (-9.0%), from €290,010 to €264,005
- Profit (loss) carried forward -€20,004
down €20,004 (-4.6%), from €436,858 to €416,854
- Gross operating margin +€5,432
up €5,432 (+271.5%), from €2,001 to €7,433
- Depreciation +€872
up €872 (+2.8%), from €31,226 to €32,098
- Other operating charges +€363
up €363 (+6.1%), from €5,976 to €6,338
- Financial income -€325
down €325 (-19.1%), from €1,703 to €1,378
- Financial charges -€135
down €135 (-3.9%), from €3,421 to €3,286
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 | €1,232,987 | €1,177,741 | -€55,245 | -4.5% |
| Fixed assets | 21/28 | €979,233 | €947,135 | -€32,098 | -3.3% |
| Tangible fixed assets | 22/27 | €975,656 | €943,558 | -€32,098 | -3.3% |
| Land and buildings | 22 | €963,143 | €935,219 | -€27,924 | -2.9% |
| Furniture and vehicles | 24 | €3,716 | €1,898 | -€1,819 | -48.9% |
| Other tangible fixed assets | 26 | €8,796 | €6,441 | -€2,356 | -26.8% |
| Financial fixed assets | 28 | €3,578 | €3,578 | = | 0.0% |
| Current assets | 29/58 | €253,753 | €230,606 | -€23,147 | -9.1% |
| Amounts receivable within one year | 40/41 | €31,277 | €34,056 | +€2,779 | +8.9% |
| Other amounts receivable | 41 | €31,277 | €34,056 | +€2,779 | +8.9% |
| Cash at bank and in hand | 54/58 | €218,701 | €196,550 | -€22,150 | -10.1% |
| Deferred charges and accrued income | 490/1 | €3,776 | - | -€3,776 | |
| Total equity and liabilities | 10/49 | €1,232,987 | €1,177,741 | -€55,245 | -4.5% |
| Equity | 10/15 | €816,086 | €786,046 | -€30,040 | -3.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €317,255 | €307,219 | -€10,036 | -3.2% |
| Non-distributable reserves | 130/1 | €20,203 | €20,203 | = | 0.0% |
| Legal reserve | 130 | €20,203 | €20,203 | = | 0.0% |
| Tax-exempt reserves | 132 | €297,052 | €287,015 | -€10,036 | -3.4% |
| Profit (loss) carried forward | 14 | €436,858 | €416,854 | -€20,004 | -4.6% |
| Provisions and deferred taxes | 16 | €99,017 | €95,672 | -€3,345 | -3.4% |
| Deferred taxes | 168 | €99,017 | €95,672 | -€3,345 | -3.4% |
| Amounts payable | 17/49 | €317,883 | €296,024 | -€21,860 | -6.9% |
| Amounts payable after more than one year | 17 | €290,010 | €264,005 | -€26,006 | -9.0% |
| Financial debts | 170/4 | €290,010 | €264,005 | -€26,006 | -9.0% |
| Amounts payable within one year | 42/48 | €27,873 | €32,019 | +€4,146 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €25,769 | €26,006 | +€236 | +0.9% |
| Trade debts | 44 | €1,634 | €5,528 | +€3,895 | +238.4% |
| Suppliers | 440/4 | €1,634 | €5,528 | +€3,895 | +238.4% |
| Taxes, remuneration and social security | 45 | €470 | €485 | +€15 | +3.2% |
| Taxes | 450/3 | €470 | €485 | +€15 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,226 | €32,098 | +€872 | +2.8% |
| Other operating charges | 640/8 | €5,976 | €6,338 | +€363 | +6.1% |
| Gross operating margin | 9900 | €2,001 | €7,433 | +€5,432 | +271.5% |
| Operating profit (loss) | 9901 | -€35,201 | -€31,004 | +€4,197 | +11.9% |
| Financial income | 75/76B | €1,703 | €1,378 | -€325 | -19.1% |
| Recurring financial income | 75 | €1,703 | €1,378 | -€325 | -19.1% |
| Financial charges | 65/66B | €3,421 | €3,286 | -€135 | -3.9% |
| Recurring financial charges | 65 | €3,421 | €3,286 | -€135 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,919 | -€32,912 | +€4,007 | +10.9% |
| Transfer from deferred taxes | 780 | €3,345 | €3,345 | = | 0.0% |
| Income taxes | 67/77 | €471 | €474 | +€3 | +0.6% |
| Profit (loss) for the period | 9904 | -€34,044 | -€30,040 | +€4,004 | +11.8% |
| Transfer from tax-exempt reserves | 789 | €10,036 | €10,036 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,008 | -€20,004 | +€4,004 | +16.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.