Kris Van Buggenhout: 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.
Kris Van Buggenhout
Largest movements
- Cash +€36,878
up €36,878 (+71.5%), from €51,555 to €88,434
mainly Net result for the year (+€29,940) and Depreciation (+€7,707)
- Tangible fixed assets -€7,707
down €7,707 (-39.4%), from €19,571 to €11,865
of which Furniture and vehicles: -€6,412
- Stocks and contracts -€5,263
down €5,263 (-27.2%), from €19,339 to €14,076
- Receivables within one year +€3,155
up €3,155 (+11.1%), from €28,428 to €31,583
of which Trade receivables: +€4,446
- Reserves +€29,940
up €29,940 (+43.7%), from €68,488 to €98,428
- Trade debts +€6,492
up €6,492 (+188.2%), from €3,449 to €9,941
- Tax, wage and social debts -€5,747
down €5,747 (-34.1%), from €16,856 to €11,108
- Debts after one year -€5,322
down €5,322 (-54.2%), from €9,825 to €4,503
- Gross operating margin +€8,807
up €8,807 (+23.2%), from €38,034 to €46,841
- Taxes +€1,984
up €1,984 (+32.4%), from €6,122 to €8,106
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 | €121,022 | €147,499 | +€26,477 | +21.9% |
| Fixed assets | 21/28 | €19,571 | €11,865 | -€7,707 | -39.4% |
| Tangible fixed assets | 22/27 | €19,571 | €11,865 | -€7,707 | -39.4% |
| Plant, machinery and equipment | 23 | €2,295 | €1,000 | -€1,295 | -56.4% |
| Furniture and vehicles | 24 | €17,276 | €10,864 | -€6,412 | -37.1% |
| Current assets | 29/58 | €101,451 | €135,635 | +€34,183 | +33.7% |
| Stocks and contracts in progress | 3 | €19,339 | €14,076 | -€5,263 | -27.2% |
| Stocks | 30/36 | €19,339 | €14,076 | -€5,263 | -27.2% |
| Amounts receivable within one year | 40/41 | €28,428 | €31,583 | +€3,155 | +11.1% |
| Trade receivables | 40 | €27,137 | €31,583 | +€4,446 | +16.4% |
| Other amounts receivable | 41 | €1,291 | - | -€1,291 | |
| Cash at bank and in hand | 54/58 | €51,555 | €88,434 | +€36,878 | +71.5% |
| Deferred charges and accrued income | 490/1 | €2,129 | €1,542 | -€587 | -27.6% |
| Total equity and liabilities | 10/49 | €121,022 | €147,499 | +€26,477 | +21.9% |
| Equity | 10/15 | €71,488 | €101,428 | +€29,940 | +41.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €68,488 | €98,428 | +€29,940 | +43.7% |
| Distributable reserves | 133 | €68,488 | €98,428 | +€29,940 | +43.7% |
| Amounts payable | 17/49 | €49,534 | €46,072 | -€3,463 | -7.0% |
| Amounts payable after more than one year | 17 | €9,825 | €4,503 | -€5,322 | -54.2% |
| Financial debts | 170/4 | €9,825 | €4,503 | -€5,322 | -54.2% |
| Amounts payable within one year | 42/48 | €39,255 | €41,115 | +€1,860 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €5,235 | €5,322 | +€87 | +1.7% |
| Trade debts | 44 | €3,449 | €9,941 | +€6,492 | +188.2% |
| Suppliers | 440/4 | €3,449 | €9,941 | +€6,492 | +188.2% |
| Taxes, remuneration and social security | 45 | €16,856 | €11,108 | -€5,747 | -34.1% |
| Taxes | 450/3 | €16,856 | €11,108 | -€5,747 | -34.1% |
| Other amounts payable | 47/48 | €13,716 | €14,743 | +€1,027 | +7.5% |
| Accrued charges and deferred income | 492/3 | €454 | €454 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,894 | €7,707 | -€188 | -2.4% |
| Other operating charges | 640/8 | €790 | €808 | +€18 | +2.3% |
| Gross operating margin | 9900 | €38,034 | €46,841 | +€8,807 | +23.2% |
| Operating profit (loss) | 9901 | €29,349 | €38,326 | +€8,977 | +30.6% |
| Financial income | 75/76B | €36 | €9 | -€27 | -75.9% |
| Recurring financial income | 75 | €36 | €9 | -€27 | -75.9% |
| Financial charges | 65/66B | €368 | €289 | -€79 | -21.5% |
| Recurring financial charges | 65 | €368 | €289 | -€79 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €29,017 | €38,046 | +€9,029 | +31.1% |
| Income taxes | 67/77 | €6,122 | €8,106 | +€1,984 | +32.4% |
| Profit (loss) for the period | 9904 | €22,895 | €29,940 | +€7,045 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,895 | €29,940 | +€7,045 | +30.8% |
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 11 October 2026 via checked.be.