BUGO INVEST: 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.
BUGO INVEST
Largest movements
- Receivables within one year -€2.0m
down €2.0m (-95.8%), from €2.1m to €88,624
of which Other amounts receivable: -€1.4m
- Tangible fixed assets -€502,718
down €502,718 (-10.9%), from €4.6m to €4.1m
of which Land and buildings: -€498,043
- Other debts -€1.5m
down €1.5m (-82.3%), from €1.8m to €313,495
- Trade debts -€507,428
down €507,428 (-78.2%), from €648,490 to €141,061
- Debts after one year -€370,508
down €370,508 (-12.2%), from €3.0m to €2.7m
- Reserves -€126,103
down €126,103 (-35.4%), from €355,920 to €229,817
of which Distributable reserves: -€126,103
- Financial income -€28,967
down €28,967 (-99.3%), from €29,164 to €197
of which Financial income: -€28,967
- Depreciation +€22,605
up €22,605 (+4.5%), from €504,216 to €526,821
- Financial charges -€22,407
down €22,407 (-12.9%), from €173,715 to €151,308
- Gross operating margin -€8,897
down €8,897 (-1.4%), from €621,968 to €613,072
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.
Derived cash bridge
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 | €6,720,646 | €4,211,744 | -€2.5m | -37.3% |
| Fixed assets | 21/28 | €4,610,987 | €4,108,269 | -€502,718 | -10.9% |
| Tangible fixed assets | 22/27 | €4,610,987 | €4,108,269 | -€502,718 | -10.9% |
| Land and buildings | 22 | €4,579,582 | €4,081,539 | -€498,043 | -10.9% |
| Plant, machinery and equipment | 23 | €15,183 | €13,192 | -€1,991 | -13.1% |
| Furniture and vehicles | 24 | €16,222 | €13,537 | -€2,684 | -16.5% |
| Current assets | 29/58 | €2,109,659 | €103,475 | -€2.0m | -95.1% |
| Amounts receivable within one year | 40/41 | €2,099,625 | €88,624 | -€2.0m | -95.8% |
| Trade receivables | 40 | €658,715 | €79,708 | -€579,007 | -87.9% |
| Other amounts receivable | 41 | €1,440,910 | €8,916 | -€1.4m | -99.4% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €10,035 | €14,852 | +€4,817 | +48.0% |
| Total equity and liabilities | 10/49 | €6,720,646 | €4,211,744 | -€2.5m | -37.3% |
| Equity | 10/15 | €851,920 | €725,817 | -€126,103 | -14.8% |
| Contributions | 10/11 | €496,000 | €496,000 | = | 0.0% |
| Capital | 10 | €496,000 | €496,000 | = | 0.0% |
| Issued capital | 100 | €496,000 | €496,000 | = | 0.0% |
| Reserves | 13 | €355,920 | €229,817 | -€126,103 | -35.4% |
| Non-distributable reserves | 130/1 | €49,600 | €49,600 | = | 0.0% |
| Legal reserve | 130 | €49,600 | €49,600 | = | 0.0% |
| Distributable reserves | 133 | €306,320 | €180,217 | -€126,103 | -41.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,868,726 | €3,485,927 | -€2.4m | -40.6% |
| Amounts payable after more than one year | 17 | €3,031,308 | €2,660,800 | -€370,508 | -12.2% |
| Financial debts | 170/4 | €3,031,308 | €2,660,800 | -€370,508 | -12.2% |
| Amounts payable within one year | 42/48 | €2,833,370 | €825,065 | -€2.0m | -70.9% |
| Current portion of amounts payable after more than one year | 42 | €409,824 | €370,508 | -€39,316 | -9.6% |
| Trade debts | 44 | €648,490 | €141,061 | -€507,428 | -78.2% |
| Suppliers | 440/4 | €648,490 | €141,061 | -€507,428 | -78.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,775,057 | €313,495 | -€1.5m | -82.3% |
| Accrued charges and deferred income | 492/3 | €4,047 | €62 | -€3,985 | -98.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504,216 | €526,821 | +€22,605 | +4.5% |
| Other operating charges | 640/8 | €59,578 | €61,243 | +€1,665 | +2.8% |
| Gross operating margin | 9900 | €621,968 | €613,072 | -€8,897 | -1.4% |
| Operating profit (loss) | 9901 | €58,174 | €25,008 | -€33,166 | -57.0% |
| Financial income | 75/76B | €29,164 | €197 | -€28,967 | -99.3% |
| Recurring financial income | 75 | €29,164 | €197 | -€28,967 | -99.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €173,715 | €151,308 | -€22,407 | -12.9% |
| Recurring financial charges | 65 | €173,715 | €151,308 | -€22,407 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€86,377 | -€126,103 | -€39,726 | -46.0% |
| Profit (loss) for the period | 9904 | -€86,377 | -€126,103 | -€39,726 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,377 | -€126,103 | -€39,726 | -46.0% |
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 24 October 2026 via checked.be.