BUGYCA: 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.
BUGYCA
Largest movements
- Tangible fixed assets -€105,853
down €105,853 (-23.2%), from €456,840 to €350,988
of which Land and buildings: -€101,840
- Cash +€29,991
up €29,991 (+91.7%), from €32,716 to €62,707
- Deferred charges and accrued income +€11,192
up €11,192 (+12.5%), from €89,791 to €100,984
- Debts after one year -€72,721
down €72,721 (-17.2%), from €423,073 to €350,352
- Profit (loss) carried forward -€8,330
down €8,330 (-4.6%), from -€182,298 to -€190,628
- Trade debts +€7,762
up €7,762 (+191.9%), from €4,044 to €11,806
- Turnover +€24,852
up €24,852 (+8.7%), from €284,506 to €309,358
- Gross operating margin +€23,840
up €23,840 (+23.6%), from €100,911 to €124,751
- Financial charges -€13,482
down €13,482 (-36.6%), from €36,873 to €23,391
- Taxes +€12,392
up €12,392, from -€5,472 to €6,921
- Depreciation -€4,086
down €4,086 (-6.3%), from €64,665 to €60,579
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,566 | €534,425 | -€62,141 | -10.4% |
| Fixed assets | 21/28 | €456,890 | €351,038 | -€105,853 | -23.2% |
| Tangible fixed assets | 22/27 | €456,840 | €350,988 | -€105,853 | -23.2% |
| Land and buildings | 22 | €449,893 | €348,053 | -€101,840 | -22.6% |
| Plant, machinery and equipment | 23 | €6,947 | €817 | -€6,131 | -88.2% |
| Furniture and vehicles | 24 | - | €2,118 | +€2,118 | |
| Leasing and similar rights | 25 | - | €0 | +€0 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €139,676 | €183,387 | +€43,711 | +31.3% |
| Amounts receivable within one year | 40/41 | €17,169 | €19,697 | +€2,528 | +14.7% |
| Trade receivables | 40 | €8,740 | €8,740 | = | 0.0% |
| Other amounts receivable | 41 | €8,428 | €10,957 | +€2,528 | +30.0% |
| Cash at bank and in hand | 54/58 | €32,716 | €62,707 | +€29,991 | +91.7% |
| Deferred charges and accrued income | 490/1 | €89,791 | €100,984 | +€11,192 | +12.5% |
| Total equity and liabilities | 10/49 | €596,566 | €534,425 | -€62,141 | -10.4% |
| Equity | 10/15 | -€174,238 | -€182,568 | -€8,330 | -4.8% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€182,298 | -€190,628 | -€8,330 | -4.6% |
| Amounts payable | 17/49 | €770,804 | €716,992 | -€53,812 | -7.0% |
| Amounts payable after more than one year | 17 | €423,073 | €350,352 | -€72,721 | -17.2% |
| Financial debts | 170/4 | €423,073 | €350,352 | -€72,721 | -17.2% |
| Amounts payable within one year | 42/48 | €347,731 | €366,640 | +€18,909 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €44,578 | €47,309 | +€2,730 | +6.1% |
| Trade debts | 44 | €4,044 | €11,806 | +€7,762 | +191.9% |
| Suppliers | 440/4 | €4,044 | €11,806 | +€7,762 | +191.9% |
| Taxes, remuneration and social security | 45 | €25,819 | €31,739 | +€5,920 | +22.9% |
| Taxes | 450/3 | €23,991 | €27,846 | +€3,855 | +16.1% |
| Remuneration and social security | 454/9 | €1,827 | €3,893 | +€2,066 | +113.0% |
| Other amounts payable | 47/48 | €273,290 | €275,786 | +€2,496 | +0.9% |
| Turnover | 70 | €284,506 | €309,358 | +€24,852 | +8.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €194,156 | €194,159 | +€2 | 0.0% |
| Remuneration, social security and pensions | 62 | €11,751 | €15,611 | +€3,860 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,665 | €60,579 | -€4,086 | -6.3% |
| Other operating charges | 640/8 | €8,212 | €4,748 | -€3,464 | -42.2% |
| Gross operating margin | 9900 | €100,911 | €124,751 | +€23,840 | +23.6% |
| Operating profit (loss) | 9901 | €16,284 | €43,813 | +€27,529 | +169.1% |
| Financial income | 75/76B | €11 | €179 | +€168 | +1514.1% |
| Recurring financial income | 75 | €11 | €179 | +€168 | +1514.1% |
| Financial charges | 65/66B | €36,873 | €23,391 | -€13,482 | -36.6% |
| Recurring financial charges | 65 | €36,873 | €23,391 | -€13,482 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,578 | €20,601 | +€41,180 | |
| Income taxes | 67/77 | -€5,472 | €6,921 | +€12,392 | |
| Profit (loss) for the period | 9904 | -€15,106 | €13,681 | +€28,787 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,106 | €13,681 | +€28,787 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.