Skip to content

BUGGEN: 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.

What changed

BUGGEN

BE 0878.045.582
NACE 43.130, Specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4,352
2024 · -€4,276-€76
Equity
€16,753
2024 · €21,106-€4,352
Cash
€51
2024 · €44+€7
Balance sheet total
€34,713
2024 · €29,556+€5,157

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€3,468

    up €3,468 (+12.5%), from €27,766 to €31,234

    of which Furniture and vehicles: +€5,323

  • Deferred charges and accrued income +€943

    up €943 (+884%), from €107 to €1,050

  • Receivables within one year +€739

    up €739 (+50.2%), from €1,474 to €2,213

    of which Trade receivables: +€2,144

Equity and liabilities
  • Other debts +€4,746

    up €4,746 (+69.5%), from €6,830 to €11,576

  • Profit (loss) carried forward -€4,352

    down €4,352 (-15.2%), from -€28,626 to -€32,978

  • Trade debts +€4,111

    up €4,111 (+316%), from €1,301 to €5,412

  • Tax, wage and social debts +€653

    up €653 (+204%), from €320 to €972

Income statement
  • Gross operating margin -€8,475

    down €8,475 (-72.5%), from €11,683 to €3,207

  • Depreciation -€7,740

    down €7,740 (-55.1%), from €14,037 to €6,298

  • Other operating charges -€751

    down €751 (-50.2%), from €1,495 to €745

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€4,276
Gross operating margin -€8,475
Depreciation +€7,740
Other operating charges +€751
Financial income +€2
Financial charges -€99
Taxes +€7
Result 2025 -€4,352
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€9,773
Investment -€9,766
Financing €0
Cash 2024 €44
Net result for the year -€4,352
Depreciation +€6,298
Receivables within one year -€739
Deferred charges and accrued income -€943
Trade debts +€4,111
Tax, wage and social debts +€653
Other debts +€4,746
Investment in fixed assets (net) -€9,766
Cash 2025 €51
brings cash intakes cash out
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €29,556 €34,713 +€5,157 +17.4%
Fixed assets 21/28 €27,931 €31,399 +€3,468 +12.4%
Tangible fixed assets 22/27 €27,766 €31,234 +€3,468 +12.5%
Plant, machinery and equipment 23 €6,086 €6,163 +€77 +1.3%
Furniture and vehicles 24 €1,992 €7,316 +€5,323 +267%
Other tangible fixed assets 26 €19,688 €17,756 -€1,932 -9.8%
Financial fixed assets 28 €165 €165 = 0.0%
Current assets 29/58 €1,625 €3,314 +€1,689 +104%
Amounts receivable within one year 40/41 €1,474 €2,213 +€739 +50.2%
Trade receivables 40 €0 €2,144 +€2,144
Other amounts receivable 41 €1,474 €69 -€1,405 -95.3%
Cash at bank and in hand 54/58 €44 €51 +€7 +15.0%
Deferred charges and accrued income 490/1 €107 €1,050 +€943 +884%
Total equity and liabilities 10/49 €29,556 €34,713 +€5,157 +17.4%
Equity 10/15 €21,106 €16,753 -€4,352 -20.6%
Contributions 10/11 €25,000 €25,000 = 0.0%
Reserves 13 €24,732 €24,732 = 0.0%
Non-distributable reserves 130/1 €2,500 €2,500 = 0.0%
Reserves not available under the articles 1311 €2,500 €2,500 = 0.0%
Distributable reserves 133 €22,232 €22,232 = 0.0%
Profit (loss) carried forward 14 -€28,626 -€32,978 -€4,352 -15.2%
Amounts payable 17/49 €8,450 €17,960 +€9,510 +113%
Amounts payable within one year 42/48 €8,450 €17,960 +€9,510 +113%
Trade debts 44 €1,301 €5,412 +€4,111 +316%
Suppliers 440/4 €1,301 €5,412 +€4,111 +316%
Taxes, remuneration and social security 45 €320 €972 +€653 +204%
Taxes 450/3 €320 €972 +€653 +204%
Other amounts payable 47/48 €6,830 €11,576 +€4,746 +69.5%
Non-recurring operating income 76A €20,343 €0 -€20,343 -100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €14,037 €6,298 -€7,740 -55.1%
Other operating charges 640/8 €1,495 €745 -€751 -50.2%
Gross operating margin 9900 €11,683 €3,207 -€8,475 -72.5%
Operating profit (loss) 9901 -€3,850 -€3,835 +€15 +0.4%
Financial income 75/76B €1 €3 +€2 +131%
Recurring financial income 75 €1 €3 +€2 +131%
Financial charges 65/66B €108 €207 +€99 +91.7%
Recurring financial charges 65 €108 €207 +€99 +91.7%
Profit (loss) for the period before taxes 9903 -€3,957 -€4,039 -€83 -2.1%
Income taxes 67/77 €320 €313 -€7 -2.1%
Profit (loss) for the period 9904 -€4,276 -€4,352 -€76 -1.8%
Profit (loss) for the period to be appropriated 9905 -€4,276 -€4,352 -€76 -1.8%

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 23 October 2026 via checked.be.