BUGGENHOUDT: 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.
BUGGENHOUDT
Largest movements
- Tangible fixed assets -€42,848
down €42,848 (-16.4%), from €261,208 to €218,361
of which Land and buildings: -€24,174
- Stocks and contracts +€20,040
up €20,040 (+7.7%), from €259,216 to €279,256
- Deferred charges and accrued income -€14,537
down €14,537 (-93.1%), from €15,607 to €1,069
- Receivables within one year -€12,440
down €12,440 (-24.3%), from €51,173 to €38,733
of which Other amounts receivable: -€32,055
- Receivables after one year -€10,000
down €10,000 (-26.3%), from €38,077 to €28,077
- Debts after one year -€41,774
down €41,774 (-49.3%), from €84,712 to €42,938
- Current portion of long-term debt -€26,664
down €26,664 (-39.0%), from €68,438 to €41,774
- Trade debts +€15,313
up €15,313 (+12.7%), from €121,027 to €136,340
- Reserves -€9,652
down €9,652 (-7.2%), from €133,651 to €123,999
of which Tax-exempt reserves: -€10,000
- Gross operating margin +€81,761
up €81,761 (+86.8%), from €94,151 to €175,911
- Taxes +€19,213
up €19,213 (+988%), from €1,944 to €21,157
- Financial income -€13,182
down €13,182 (-62.1%), from €21,225 to €8,043
- Other operating charges +€5,370
up €5,370 (+131%), from €4,114 to €9,485
- Financial charges -€4,090
down €4,090 (-35.0%), from €11,688 to €7,598
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €649,386 | €584,627 | -€64,758 | -10.0% |
| Fixed assets | 21/28 | €261,258 | €218,361 | -€42,898 | -16.4% |
| Tangible fixed assets | 22/27 | €261,208 | €218,361 | -€42,848 | -16.4% |
| Land and buildings | 22 | €184,522 | €160,348 | -€24,174 | -13.1% |
| Plant, machinery and equipment | 23 | €35,082 | €29,985 | -€5,097 | -14.5% |
| Furniture and vehicles | 24 | €41,605 | €28,028 | -€13,577 | -32.6% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €388,127 | €366,266 | -€21,861 | -5.6% |
| Amounts receivable after more than one year | 29 | €38,077 | €28,077 | -€10,000 | -26.3% |
| Other amounts receivable | 291 | €38,077 | €28,077 | -€10,000 | -26.3% |
| Stocks and contracts in progress | 3 | €259,216 | €279,256 | +€20,040 | +7.7% |
| Stocks | 30/36 | €259,216 | €279,256 | +€20,040 | +7.7% |
| Amounts receivable within one year | 40/41 | €51,173 | €38,733 | -€12,440 | -24.3% |
| Trade receivables | 40 | €3,067 | €22,682 | +€19,615 | +640% |
| Other amounts receivable | 41 | €48,107 | €16,051 | -€32,055 | -66.6% |
| Cash at bank and in hand | 54/58 | €24,055 | €19,131 | -€4,924 | -20.5% |
| Deferred charges and accrued income | 490/1 | €15,607 | €1,069 | -€14,537 | -93.1% |
| Total equity and liabilities | 10/49 | €649,386 | €584,627 | -€64,758 | -10.0% |
| Equity | 10/15 | €352,559 | €342,907 | -€9,652 | -2.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €133,651 | €123,999 | -€9,652 | -7.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | €123,651 | €123,999 | +€348 | +0.3% |
| Profit (loss) carried forward | 14 | €206,509 | €206,509 | = | 0.0% |
| Amounts payable | 17/49 | €296,826 | €241,720 | -€55,106 | -18.6% |
| Amounts payable after more than one year | 17 | €84,712 | €42,938 | -€41,774 | -49.3% |
| Financial debts | 170/4 | €84,712 | €42,938 | -€41,774 | -49.3% |
| Amounts payable within one year | 42/48 | €212,114 | €198,782 | -€13,332 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €68,438 | €41,774 | -€26,664 | -39.0% |
| Financial debts | 43 | - | €3,750 | +€3,750 | |
| Credit institutions | 430/8 | - | €3,750 | +€3,750 | |
| Trade debts | 44 | €121,027 | €136,340 | +€15,313 | +12.7% |
| Suppliers | 440/4 | €121,027 | €136,340 | +€15,313 | +12.7% |
| Taxes, remuneration and social security | 45 | €22,649 | €16,918 | -€5,731 | -25.3% |
| Taxes | 450/3 | €12,819 | €10,098 | -€2,720 | -21.2% |
| Remuneration and social security | 454/9 | €9,830 | €6,819 | -€3,011 | -30.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €65,572 | €67,519 | +€1,948 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,451 | €42,848 | -€3,604 | -7.8% |
| Other operating charges | 640/8 | €4,114 | €9,485 | +€5,370 | +131% |
| Gross operating margin | 9900 | €94,151 | €175,911 | +€81,761 | +86.8% |
| Operating profit (loss) | 9901 | -€21,987 | €56,060 | +€78,047 | |
| Financial income | 75/76B | €21,225 | €8,043 | -€13,182 | -62.1% |
| Recurring financial income | 75 | €21,225 | €8,043 | -€13,182 | -62.1% |
| Financial charges | 65/66B | €11,688 | €7,598 | -€4,090 | -35.0% |
| Recurring financial charges | 65 | €11,688 | €7,598 | -€4,090 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,450 | €56,505 | +€68,955 | |
| Income taxes | 67/77 | €1,944 | €21,157 | +€19,213 | +988% |
| Profit (loss) for the period | 9904 | -€14,394 | €35,348 | +€49,742 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,394 | €35,348 | +€49,742 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.