BUGG'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.
BUGG'S
Largest movements
- Receivables within one year +€13,978
up €13,978 (+725.8%), from €1,926 to €15,904
- Cash +€6,506
up €6,506 (+5.8%), from €112,943 to €119,449
mainly Net result for the year (+€20,996) and Depreciation (+€8,214)
- Tangible fixed assets -€1,679
down €1,679 (-11.4%), from €14,771 to €13,092
- Reserves +€20,996
up €20,996 (+82.5%), from €25,465 to €46,461
- Other debts -€7,579
down €7,579 (-8.9%), from €85,268 to €77,689
- Trade debts +€5,135
up €5,135 (+154.8%), from €3,317 to €8,452
- Debts after one year -€4,959
no longer reported in 2025 (was €4,959)
- Tax, wage and social debts +€4,957
up €4,957 (+76.3%), from €6,500 to €11,457
of which Taxes: +€2,757
- Gross operating margin -€13,468
down €13,468 (-25.6%), from €52,567 to €39,099
- Taxes +€6,347
up €6,347 (+269.7%), from €2,353 to €8,700
- Depreciation +€1,251
up €1,251 (+18.0%), from €6,963 to €8,214
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 | €131,709 | €150,259 | +€18,550 | +14.1% |
| Fixed assets | 21/28 | €14,771 | €13,092 | -€1,679 | -11.4% |
| Tangible fixed assets | 22/27 | €14,771 | €13,092 | -€1,679 | -11.4% |
| Furniture and vehicles | 24 | €14,771 | €13,092 | -€1,679 | -11.4% |
| Current assets | 29/58 | €116,938 | €137,167 | +€20,229 | +17.3% |
| Amounts receivable within one year | 40/41 | €1,926 | €15,904 | +€13,978 | +725.8% |
| Trade receivables | 40 | €1,926 | €15,904 | +€13,978 | +725.8% |
| Cash at bank and in hand | 54/58 | €112,943 | €119,449 | +€6,506 | +5.8% |
| Deferred charges and accrued income | 490/1 | €2,069 | €1,814 | -€255 | -12.3% |
| Total equity and liabilities | 10/49 | €131,709 | €150,259 | +€18,550 | +14.1% |
| Equity | 10/15 | €31,665 | €52,661 | +€20,996 | +66.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,465 | €46,461 | +€20,996 | +82.5% |
| Distributable reserves | 133 | €25,465 | €46,461 | +€20,996 | +82.5% |
| Amounts payable | 17/49 | €100,044 | €97,598 | -€2,446 | -2.4% |
| Amounts payable after more than one year | 17 | €4,959 | - | -€4,959 | |
| Financial debts | 170/4 | €4,959 | - | -€4,959 | |
| Amounts payable within one year | 42/48 | €95,085 | €97,598 | +€2,513 | +2.6% |
| Trade debts | 44 | €3,317 | €8,452 | +€5,135 | +154.8% |
| Suppliers | 440/4 | €3,317 | €8,452 | +€5,135 | +154.8% |
| Taxes, remuneration and social security | 45 | €6,500 | €11,457 | +€4,957 | +76.3% |
| Taxes | 450/3 | €6,500 | €9,257 | +€2,757 | +42.4% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €85,268 | €77,689 | -€7,579 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,963 | €8,214 | +€1,251 | +18.0% |
| Other operating charges | 640/8 | €830 | €807 | -€23 | -2.8% |
| Gross operating margin | 9900 | €52,567 | €39,099 | -€13,468 | -25.6% |
| Operating profit (loss) | 9901 | €44,774 | €30,078 | -€14,696 | -32.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €725 | €383 | -€342 | -47.2% |
| Recurring financial charges | 65 | €725 | €383 | -€342 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €44,049 | €29,696 | -€14,353 | -32.6% |
| Income taxes | 67/77 | €2,353 | €8,700 | +€6,347 | +269.7% |
| Profit (loss) for the period | 9904 | €41,696 | €20,996 | -€20,700 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,696 | €20,996 | -€20,700 | -49.6% |
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 5 October 2026 via checked.be.