Bunqer Studio: 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.
Bunqer Studio
Largest movements
- Receivables within one year -€72,252
down €72,252 (-67.7%), from €106,754 to €34,502
of which Trade receivables: -€73,170
- Cash -€6,947
down €6,947 (-61.8%), from €11,245 to €4,298
mainly Net result for the year (-€42,477) and Trade debts (-€34,702)
- Tangible fixed assets +€3,698
up €3,698 (+93.1%), from €3,971 to €7,669
- Reserves -€37,157
no longer reported in 2025 (was €37,157)
- Trade debts -€34,702
down €34,702 (-94.2%), from €36,827 to €2,125
- Profit (loss) carried forward -€5,320
new in 2025: -€5,320
- Staff costs +€22,455
up €22,455 (+746%), from €3,009 to €25,464
- Gross operating margin -€8,198
down €8,198 (-172%), from -€4,767 to -€12,965
- Depreciation +€507
up €507 (+22.3%), from €2,278 to €2,785
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 | €126,345 | €51,461 | -€74,884 | -59.3% |
| Fixed assets | 21/28 | €6,371 | €10,069 | +€3,698 | +58.1% |
| Tangible fixed assets | 22/27 | €3,971 | €7,669 | +€3,698 | +93.1% |
| Plant, machinery and equipment | 23 | €3,971 | €7,669 | +€3,698 | +93.1% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €119,975 | €41,392 | -€78,583 | -65.5% |
| Amounts receivable within one year | 40/41 | €106,754 | €34,502 | -€72,252 | -67.7% |
| Trade receivables | 40 | €99,977 | €26,808 | -€73,170 | -73.2% |
| Other amounts receivable | 41 | €6,776 | €7,694 | +€918 | +13.5% |
| Cash at bank and in hand | 54/58 | €11,245 | €4,298 | -€6,947 | -61.8% |
| Deferred charges and accrued income | 490/1 | €1,976 | €2,592 | +€616 | +31.2% |
| Total equity and liabilities | 10/49 | €126,345 | €51,461 | -€74,884 | -59.3% |
| Equity | 10/15 | €87,157 | €44,680 | -€42,477 | -48.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €37,157 | - | -€37,157 | |
| Distributable reserves | 133 | €37,157 | - | -€37,157 | |
| Profit (loss) carried forward | 14 | - | -€5,320 | -€5,320 | |
| Amounts payable | 17/49 | €39,189 | €6,781 | -€32,407 | -82.7% |
| Amounts payable within one year | 42/48 | €39,189 | €5,731 | -€33,457 | -85.4% |
| Trade debts | 44 | €36,827 | €2,125 | -€34,702 | -94.2% |
| Suppliers | 440/4 | €36,827 | €2,125 | -€34,702 | -94.2% |
| Taxes, remuneration and social security | 45 | €2,294 | €3,538 | +€1,244 | +54.2% |
| Taxes | 450/3 | €2,294 | - | -€2,294 | |
| Remuneration and social security | 454/9 | - | €3,538 | +€3,538 | |
| Other amounts payable | 47/48 | €68 | €68 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,050 | +€1,050 | |
| Non-recurring operating income | 76A | €262 | - | -€262 | |
| Remuneration, social security and pensions | 62 | €3,009 | €25,464 | +€22,455 | +746% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,278 | €2,785 | +€507 | +22.3% |
| Other operating charges | 640/8 | €765 | €780 | +€14 | +1.9% |
| Gross operating margin | 9900 | -€4,767 | -€12,965 | -€8,198 | -172% |
| Operating profit (loss) | 9901 | -€10,819 | -€41,994 | -€31,175 | -288% |
| Financial income | 75/76B | - | €72 | +€72 | |
| Recurring financial income | 75 | - | €72 | +€72 | |
| Financial charges | 65/66B | €508 | €555 | +€47 | +9.3% |
| Recurring financial charges | 65 | €508 | €555 | +€47 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,327 | -€42,477 | -€31,150 | -275% |
| Profit (loss) for the period | 9904 | -€11,327 | -€42,477 | -€31,150 | -275% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,327 | -€42,477 | -€31,150 | -275% |
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 16 October 2026 via checked.be.