BUGSECURE: 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.
BUGSECURE
Largest movements
- Receivables within one year +€44,750
up €44,750 (+218%), from €20,553 to €65,303
of which Other amounts receivable: +€33,630
- Cash +€38,072
up €38,072 (+49.0%), from €77,712 to €115,784
mainly Net result for the year (+€82,483) and Debts after one year (+€25,000)
- Deferred charges and accrued income +€3,106
up €3,106 (+24.1%), from €12,914 to €16,021
- Tangible fixed assets -€2,332
down €2,332 (-36.5%), from €6,381 to €4,049
of which Furniture and vehicles: -€1,852
- Reserves +€81,583
up €81,583 (+163%), from €49,973 to €131,555
- Debts after one year +€25,000
new in 2025: €25,000
- Other debts -€23,737
down €23,737 (-92.3%), from €25,726 to €1,989
- Trade debts -€10,942
down €10,942 (-90.1%), from €12,137 to €1,196
- Tax, wage and social debts +€7,900
up €7,900 (+38.2%), from €20,663 to €28,563
- Gross operating margin +€31,958
up €31,958 (+44.1%), from €72,531 to €104,489
- Taxes +€6,830
up €6,830 (+47.8%), from €14,303 to €21,134
- Financial income +€4,471
up €4,471 (+15,290%), from €29 to €4,500
- Other operating charges -€2,261
down €2,261 (-84.2%), from €2,685 to €424
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 | €119,060 | €201,157 | +€82,097 | +69.0% |
| Fixed assets | 21/28 | €7,881 | €4,049 | -€3,832 | -48.6% |
| Tangible fixed assets | 22/27 | €6,381 | €4,049 | -€2,332 | -36.5% |
| Plant, machinery and equipment | 23 | €2,253 | €1,773 | -€480 | -21.3% |
| Furniture and vehicles | 24 | €4,127 | €2,276 | -€1,852 | -44.9% |
| Financial fixed assets | 28 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €111,180 | €197,108 | +€85,928 | +77.3% |
| Amounts receivable within one year | 40/41 | €20,553 | €65,303 | +€44,750 | +218% |
| Trade receivables | 40 | €19,553 | €30,674 | +€11,120 | +56.9% |
| Other amounts receivable | 41 | €1,000 | €34,630 | +€33,630 | +3,363% |
| Cash at bank and in hand | 54/58 | €77,712 | €115,784 | +€38,072 | +49.0% |
| Deferred charges and accrued income | 490/1 | €12,914 | €16,021 | +€3,106 | +24.1% |
| Total equity and liabilities | 10/49 | €119,060 | €201,157 | +€82,097 | +69.0% |
| Equity | 10/15 | €59,973 | €141,555 | +€81,583 | +136% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €49,973 | €131,555 | +€81,583 | +163% |
| Distributable reserves | 133 | €49,973 | €131,555 | +€81,583 | +163% |
| Amounts payable | 17/49 | €59,087 | €59,601 | +€514 | +0.9% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €58,526 | €32,522 | -€26,004 | -44.4% |
| Financial debts | 43 | - | €775 | +€775 | |
| Credit institutions | 430/8 | - | €775 | +€775 | |
| Trade debts | 44 | €12,137 | €1,196 | -€10,942 | -90.1% |
| Suppliers | 440/4 | €12,137 | €1,196 | -€10,942 | -90.1% |
| Taxes, remuneration and social security | 45 | €20,663 | €28,563 | +€7,900 | +38.2% |
| Taxes | 450/3 | €20,663 | €28,563 | +€7,900 | +38.2% |
| Other amounts payable | 47/48 | €25,726 | €1,989 | -€23,737 | -92.3% |
| Accrued charges and deferred income | 492/3 | €561 | €2,079 | +€1,518 | +270% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,574 | €2,332 | +€757 | +48.1% |
| Other operating charges | 640/8 | €2,685 | €424 | -€2,261 | -84.2% |
| Gross operating margin | 9900 | €72,531 | €104,489 | +€31,958 | +44.1% |
| Operating profit (loss) | 9901 | €68,272 | €101,734 | +€33,461 | +49.0% |
| Financial income | 75/76B | €29 | €4,500 | +€4,471 | +15,290% |
| Recurring financial income | 75 | €29 | €4,500 | +€4,471 | +15,290% |
| Financial charges | 65/66B | €3,125 | €2,617 | -€508 | -16.2% |
| Recurring financial charges | 65 | €3,125 | €2,617 | -€508 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €65,176 | €103,616 | +€38,440 | +59.0% |
| Income taxes | 67/77 | €14,303 | €21,134 | +€6,830 | +47.8% |
| Profit (loss) for the period | 9904 | €50,873 | €82,483 | +€31,610 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,873 | €82,483 | +€31,610 | +62.1% |
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 15 October 2026 via checked.be.