BUGICA: 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.
BUGICA
Largest movements
- Tangible fixed assets -€8,542
down €8,542 (-10.7%), from €80,019 to €71,477
- Stocks and contracts -€3,375
down €3,375 (-68.8%), from €4,905 to €1,530
- Debts after one year -€20,086
down €20,086 (-44.2%), from €45,415 to €25,329
- Other debts -€18,498
down €18,498 (-52.2%), from €35,468 to €16,970
- Profit (loss) carried forward +€17,101
up €17,101 (+9.2%), from -€185,242 to -€168,141
- Tax, wage and social debts +€15,463
up €15,463 (+526.3%), from €2,938 to €18,401
of which Taxes: +€10,025
- Trade debts -€5,098
down €5,098 (-41.0%), from €12,431 to €7,333
- Gross operating margin +€44,346
up €44,346 (+79.1%), from €56,092 to €100,437
- Staff costs +€39,135
up €39,135 (+277.9%), from €14,084 to €53,218
- Taxes -€9,764
down €9,764 (-57.5%), from €16,975 to €7,211
- Financial charges +€1,968
up €1,968 (+59.7%), from €3,297 to €5,265
- Other operating charges +€1,329
up €1,329 (+48.9%), from €2,719 to €4,048
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 | €110,625 | €98,712 | -€11,914 | -10.8% |
| Fixed assets | 21/28 | €80,019 | €71,477 | -€8,542 | -10.7% |
| Tangible fixed assets | 22/27 | €80,019 | €71,477 | -€8,542 | -10.7% |
| Land and buildings | 22 | €67,439 | €63,252 | -€4,187 | -6.2% |
| Plant, machinery and equipment | 23 | €2,738 | €2,381 | -€357 | -13.0% |
| Furniture and vehicles | 24 | €9,843 | €5,844 | -€3,999 | -40.6% |
| Current assets | 29/58 | €30,606 | €27,235 | -€3,371 | -11.0% |
| Stocks and contracts in progress | 3 | €4,905 | €1,530 | -€3,375 | -68.8% |
| Stocks | 30/36 | €4,905 | €1,530 | -€3,375 | -68.8% |
| Amounts receivable within one year | 40/41 | €4,730 | €4,766 | +€35 | +0.7% |
| Trade receivables | 40 | €1,560 | €120 | -€1,440 | -92.3% |
| Other amounts receivable | 41 | €3,171 | €4,646 | +€1,475 | +46.5% |
| Cash at bank and in hand | 54/58 | €16,627 | €15,763 | -€865 | -5.2% |
| Deferred charges and accrued income | 490/1 | €4,344 | €5,177 | +€833 | +19.2% |
| Total equity and liabilities | 10/49 | €110,625 | €98,712 | -€11,914 | -10.8% |
| Equity | 10/15 | -€9,121 | €7,980 | +€17,101 | |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €155,661 | €155,661 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,570 | €22,570 | = | 0.0% |
| Distributable reserves | 133 | €133,091 | €133,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,242 | -€168,141 | +€17,101 | +9.2% |
| Amounts payable | 17/49 | €119,746 | €90,731 | -€29,015 | -24.2% |
| Amounts payable after more than one year | 17 | €45,415 | €25,329 | -€20,086 | -44.2% |
| Financial debts | 170/4 | €45,415 | €25,329 | -€20,086 | -44.2% |
| Amounts payable within one year | 42/48 | €71,511 | €63,461 | -€8,049 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €20,675 | €20,759 | +€84 | +0.4% |
| Trade debts | 44 | €12,431 | €7,333 | -€5,098 | -41.0% |
| Suppliers | 440/4 | €12,431 | €7,333 | -€5,098 | -41.0% |
| Taxes, remuneration and social security | 45 | €2,938 | €18,401 | +€15,463 | +526.3% |
| Taxes | 450/3 | €1,025 | €11,050 | +€10,025 | +978.3% |
| Remuneration and social security | 454/9 | €1,913 | €7,351 | +€5,438 | +284.2% |
| Other amounts payable | 47/48 | €35,468 | €16,970 | -€18,498 | -52.2% |
| Accrued charges and deferred income | 492/3 | €2,820 | €1,941 | -€879 | -31.2% |
| Remuneration, social security and pensions | 62 | €14,084 | €53,218 | +€39,135 | +277.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,661 | €13,839 | +€178 | +1.3% |
| Other operating charges | 640/8 | €2,719 | €4,048 | +€1,329 | +48.9% |
| Gross operating margin | 9900 | €56,092 | €100,437 | +€44,346 | +79.1% |
| Operating profit (loss) | 9901 | €25,629 | €29,332 | +€3,703 | +14.4% |
| Financial income | 75/76B | €435 | €246 | -€190 | -43.6% |
| Recurring financial income | 75 | €435 | €246 | -€190 | -43.6% |
| Financial charges | 65/66B | €3,297 | €5,265 | +€1,968 | +59.7% |
| Recurring financial charges | 65 | €3,297 | €5,265 | +€1,968 | +59.7% |
| Profit (loss) for the period before taxes | 9903 | €22,767 | €24,312 | +€1,546 | +6.8% |
| Income taxes | 67/77 | €16,975 | €7,211 | -€9,764 | -57.5% |
| Profit (loss) for the period | 9904 | €5,792 | €17,101 | +€11,309 | +195.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,792 | €17,101 | +€11,309 | +195.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.