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.
Van Buggenhout
Largest movements
- Stocks and contracts -€743,269
down €743,269 (-69.4%), from €1.1m to €327,656
of which Contracts in progress: -€830,038
- Receivables within one year -€262,406
down €262,406 (-43.0%), from €610,745 to €348,339
of which Trade receivables: -€242,464
- Tangible fixed assets +€168,018
up €168,018 (+14.6%), from €1.1m to €1.3m
of which Land and buildings: +€170,138
- Cash +€71,929
up €71,929 (+8.2%), from €879,552 to €951,481
mainly Stocks and contracts (+€743,269) and Receivables within one year (+€262,406)
- Advances received -€884,234
down €884,234 (-100%), from €884,234 to €0
- Debts after one year +€156,211
up €156,211 (+107%), from €145,449 to €301,660
- Trade debts +€122,902
up €122,902 (+26.3%), from €467,400 to €590,302
- Other debts -€119,609
down €119,609 (-98.9%), from €120,896 to €1,288
- Profit (loss) carried forward -€104,070
down €104,070 (-9.8%), from €1.1m to €954,664
- Gross operating margin -€199,439
down €199,439 (-8.2%), from €2.4m to €2.2m
- Staff costs +€54,123
up €54,123 (+2.5%), from €2.1m to €2.2m
- Taxes -€44,346
down €44,346 (-97.9%), from €45,297 to €951
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 | €3,797,798 | €3,007,991 | -€789,807 | -20.8% |
| Fixed assets | 21/28 | €1,149,792 | €1,317,810 | +€168,018 | +14.6% |
| Tangible fixed assets | 22/27 | €1,147,909 | €1,315,927 | +€168,018 | +14.6% |
| Land and buildings | 22 | €969,017 | €1,139,154 | +€170,138 | +17.6% |
| Plant, machinery and equipment | 23 | €110,118 | €110,896 | +€778 | +0.7% |
| Furniture and vehicles | 24 | €26,693 | €42,419 | +€15,726 | +58.9% |
| Leasing and similar rights | 25 | €42,081 | €23,458 | -€18,623 | -44.3% |
| Financial fixed assets | 28 | €1,883 | €1,883 | = | 0.0% |
| Current assets | 29/58 | €2,648,006 | €1,690,181 | -€957,825 | -36.2% |
| Stocks and contracts in progress | 3 | €1,070,924 | €327,656 | -€743,269 | -69.4% |
| Stocks | 30/36 | €208,548 | €295,317 | +€86,770 | +41.6% |
| Contracts in progress | 37 | €862,376 | €32,338 | -€830,038 | -96.3% |
| Amounts receivable within one year | 40/41 | €610,745 | €348,339 | -€262,406 | -43.0% |
| Trade receivables | 40 | €535,188 | €292,724 | -€242,464 | -45.3% |
| Other amounts receivable | 41 | €75,556 | €55,614 | -€19,942 | -26.4% |
| Cash at bank and in hand | 54/58 | €879,552 | €951,481 | +€71,929 | +8.2% |
| Deferred charges and accrued income | 490/1 | €86,786 | €62,706 | -€24,080 | -27.7% |
| Total equity and liabilities | 10/49 | €3,797,798 | €3,007,991 | -€789,807 | -20.8% |
| Equity | 10/15 | €1,928,978 | €1,824,908 | -€104,070 | -5.4% |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Reserves | 13 | €535,244 | €535,244 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,397 | €2,397 | = | 0.0% |
| Distributable reserves | 133 | €532,848 | €532,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,058,734 | €954,664 | -€104,070 | -9.8% |
| Amounts payable | 17/49 | €1,868,820 | €1,183,084 | -€685,737 | -36.7% |
| Amounts payable after more than one year | 17 | €145,449 | €301,660 | +€156,211 | +107% |
| Financial debts | 170/4 | €145,449 | €301,660 | +€156,211 | +107% |
| Amounts payable within one year | 42/48 | €1,723,372 | €881,358 | -€842,014 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €79,375 | €76,526 | -€2,849 | -3.6% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €467,400 | €590,302 | +€122,902 | +26.3% |
| Suppliers | 440/4 | €467,400 | €590,302 | +€122,902 | +26.3% |
| Advances received on contracts in progress | 46 | €884,234 | €0 | -€884,234 | -100% |
| Taxes, remuneration and social security | 45 | €171,466 | €113,242 | -€58,224 | -34.0% |
| Taxes | 450/3 | €31,364 | €38,566 | +€7,203 | +23.0% |
| Remuneration and social security | 454/9 | €140,102 | €74,676 | -€65,426 | -46.7% |
| Other amounts payable | 47/48 | €120,896 | €1,288 | -€119,609 | -98.9% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Non-recurring operating income | 76A | €6,561 | €150 | -€6,411 | -97.7% |
| Remuneration, social security and pensions | 62 | €2,142,373 | €2,196,496 | +€54,123 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,851 | €100,599 | +€3,747 | +3.9% |
| Other operating charges | 640/8 | €35,034 | €20,464 | -€14,570 | -41.6% |
| Non-recurring operating charges | 66A | €517 | €0 | -€517 | -100% |
| Gross operating margin | 9900 | €2,435,270 | €2,235,831 | -€199,439 | -8.2% |
| Operating profit (loss) | 9901 | €160,495 | -€81,728 | -€242,223 | |
| Financial income | 75/76B | €831 | €731 | -€100 | -12.1% |
| Recurring financial income | 75 | €831 | €731 | -€100 | -12.1% |
| Financial charges | 65/66B | €15,299 | €22,122 | +€6,823 | +44.6% |
| Recurring financial charges | 65 | €15,049 | €21,622 | +€6,573 | +43.7% |
| Non-recurring financial charges | 66B | €250 | €500 | +€250 | +100% |
| Profit (loss) for the period before taxes | 9903 | €146,027 | -€103,119 | -€249,146 | |
| Income taxes | 67/77 | €45,297 | €951 | -€44,346 | -97.9% |
| Profit (loss) for the period | 9904 | €100,730 | -€104,070 | -€204,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,730 | -€104,070 | -€204,800 |
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.