BUGSPLACE: what changed
Two fiscal 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.
BUGSPLACE
Largest movements
- Stocks and contracts -€12,590
down €12,590 (-27.0%), from €46,602 to €34,012
- Receivables within one year +€4,047
up €4,047 (+6.8%), from €59,873 to €63,920
of which Other amounts receivable: +€4,092
- Cash +€2,669
up €2,669 (+41.1%), from €6,490 to €9,159
mainly Stocks and contracts (+€12,590) and Net result for the year (+€6,820)
- Deferred charges and accrued income +€1,356
up €1,356 (+139.2%), from €974 to €2,330
- Profit (loss) carried forward +€6,820
up €6,820 (+15.8%), from €43,179 to €49,999
- Short-term financial debts -€5,595
no longer reported in 2025 (was €5,595)
- Trade debts -€4,744
down €4,744 (-72.5%), from €6,544 to €1,800
- Gross operating margin -€2,554
down €2,554 (-18.1%), from €14,093 to €11,539
- Taxes -€655
down €655 (-19.1%), from €3,430 to €2,775
- Depreciation -€541
down €541 (-80.3%), from €674 to €133
- Other operating charges +€209
up €209 (+14.9%), from €1,402 to €1,611
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 | €114,955 | €110,304 | -€4,651 | -4.0% |
| Formation expenses | 20 | €883 | €883 | = | 0.0% |
| Fixed assets | 21/28 | €133 | - | -€133 | |
| Tangible fixed assets | 22/27 | €133 | - | -€133 | |
| Furniture and vehicles | 24 | €133 | - | -€133 | |
| Current assets | 29/58 | €113,939 | €109,421 | -€4,518 | -4.0% |
| Stocks and contracts in progress | 3 | €46,602 | €34,012 | -€12,590 | -27.0% |
| Stocks | 30/36 | €46,602 | €34,012 | -€12,590 | -27.0% |
| Amounts receivable within one year | 40/41 | €59,873 | €63,920 | +€4,047 | +6.8% |
| Trade receivables | 40 | €3,026 | €2,981 | -€45 | -1.5% |
| Other amounts receivable | 41 | €56,847 | €60,939 | +€4,092 | +7.2% |
| Cash at bank and in hand | 54/58 | €6,490 | €9,159 | +€2,669 | +41.1% |
| Deferred charges and accrued income | 490/1 | €974 | €2,330 | +€1,356 | +139.2% |
| Total equity and liabilities | 10/49 | €114,955 | €110,304 | -€4,651 | -4.0% |
| Equity | 10/15 | €93,283 | €100,103 | +€6,820 | +7.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €104 | €104 | = | 0.0% |
| Distributable reserves | 133 | €104 | €104 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,179 | €49,999 | +€6,820 | +15.8% |
| Amounts payable | 17/49 | €21,672 | €10,201 | -€11,471 | -52.9% |
| Amounts payable within one year | 42/48 | €21,672 | €10,201 | -€11,471 | -52.9% |
| Financial debts | 43 | €5,595 | - | -€5,595 | |
| Credit institutions | 430/8 | €5,595 | - | -€5,595 | |
| Trade debts | 44 | €6,544 | €1,800 | -€4,744 | -72.5% |
| Suppliers | 440/4 | €6,544 | €1,800 | -€4,744 | -72.5% |
| Taxes, remuneration and social security | 45 | €9,533 | €8,401 | -€1,132 | -11.9% |
| Taxes | 450/3 | €9,533 | €8,401 | -€1,132 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674 | €133 | -€541 | -80.3% |
| Other operating charges | 640/8 | €1,402 | €1,611 | +€209 | +14.9% |
| Gross operating margin | 9900 | €14,093 | €11,539 | -€2,554 | -18.1% |
| Operating profit (loss) | 9901 | €12,017 | €9,795 | -€2,222 | -18.5% |
| Financial charges | 65/66B | €314 | €200 | -€114 | -36.3% |
| Recurring financial charges | 65 | €314 | €200 | -€114 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €11,703 | €9,595 | -€2,108 | -18.0% |
| Income taxes | 67/77 | €3,430 | €2,775 | -€655 | -19.1% |
| Profit (loss) for the period | 9904 | €8,273 | €6,820 | -€1,453 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,273 | €6,820 | -€1,453 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.