VAN BUGGENHOUT GUNTHER: what changed
VAN BUGGENHOUT GUNTHER
Largest movements
- Cash -€133,965
down €133,965 (-86.2%), from €155,459 to €21,494
mainly Current investments (-€121,685) and Investment in fixed assets (net) (-€75,611)
- Current investments +€121,685
new in 2025: €121,685
- Tangible fixed assets +€63,269
up €63,269 (+317%), from €19,939 to €83,208
of which Furniture and vehicles: +€41,642
- Receivables within one year -€9,334
down €9,334 (-48.7%), from €19,183 to €9,849
of which Trade receivables: -€6,995
- Stocks and contracts +€5,915
up €5,915 (+44.2%), from €13,379 to €19,294
- Reserves +€51,389
up €51,389 (+34.3%), from €149,719 to €201,107
of which Distributable reserves: +€51,389
- Debts after one year +€33,189
new in 2025: €33,189
- Tax, wage and social debts -€22,176
down €22,176 (-74.9%), from €29,612 to €7,436
of which Taxes: -€18,126
- Trade debts -€11,909
down €11,909 (-91.2%), from €13,056 to €1,147
- Other debts -€6,218
down €6,218 (-75.4%), from €8,246 to €2,028
- Gross operating margin +€22,083
up €22,083 (+28.3%), from €77,944 to €100,027
- Taxes +€12,222
up €12,222 (+55.8%), from €21,893 to €34,114
- Depreciation +€3,733
up €3,733 (+43.4%), from €8,608 to €12,342
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,390 | €255,532 | +€47,142 | +22.6% |
| Fixed assets | 21/28 | €19,939 | €83,208 | +€63,269 | +317% |
| Tangible fixed assets | 22/27 | €19,939 | €83,208 | +€63,269 | +317% |
| Land and buildings | 22 | €4,429 | €3,541 | -€888 | -20.0% |
| Plant, machinery and equipment | 23 | €15,510 | €38,025 | +€22,514 | +145% |
| Furniture and vehicles | 24 | - | €41,642 | +€41,642 | |
| Current assets | 29/58 | €188,451 | €172,323 | -€16,127 | -8.6% |
| Stocks and contracts in progress | 3 | €13,379 | €19,294 | +€5,915 | +44.2% |
| Stocks | 30/36 | €13,379 | €19,294 | +€5,915 | +44.2% |
| Amounts receivable within one year | 40/41 | €19,183 | €9,849 | -€9,334 | -48.7% |
| Trade receivables | 40 | €7,807 | €812 | -€6,995 | -89.6% |
| Other amounts receivable | 41 | €11,377 | €9,038 | -€2,339 | -20.6% |
| Current investments | 50/53 | - | €121,685 | +€121,685 | |
| Cash at bank and in hand | 54/58 | €155,459 | €21,494 | -€133,965 | -86.2% |
| Deferred charges and accrued income | 490/1 | €429 | - | -€429 | |
| Total equity and liabilities | 10/49 | €208,390 | €255,532 | +€47,142 | +22.6% |
| Equity | 10/15 | €155,919 | €207,307 | +€51,389 | +33.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €149,719 | €201,107 | +€51,389 | +34.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €147,859 | €199,247 | +€51,389 | +34.8% |
| Amounts payable | 17/49 | €52,471 | €48,224 | -€4,247 | -8.1% |
| Amounts payable after more than one year | 17 | - | €33,189 | +€33,189 | |
| Financial debts | 170/4 | - | €33,189 | +€33,189 | |
| Amounts payable within one year | 42/48 | €50,914 | €15,035 | -€35,879 | -70.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,424 | +€4,424 | |
| Trade debts | 44 | €13,056 | €1,147 | -€11,909 | -91.2% |
| Suppliers | 440/4 | €13,056 | €1,147 | -€11,909 | -91.2% |
| Taxes, remuneration and social security | 45 | €29,612 | €7,436 | -€22,176 | -74.9% |
| Taxes | 450/3 | €25,562 | €7,436 | -€18,126 | -70.9% |
| Remuneration and social security | 454/9 | €4,050 | - | -€4,050 | |
| Other amounts payable | 47/48 | €8,246 | €2,028 | -€6,218 | -75.4% |
| Accrued charges and deferred income | 492/3 | €1,557 | - | -€1,557 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,608 | €12,342 | +€3,733 | +43.4% |
| Other operating charges | 640/8 | €2,707 | €3,128 | +€421 | +15.5% |
| Gross operating margin | 9900 | €77,944 | €100,027 | +€22,083 | +28.3% |
| Operating profit (loss) | 9901 | €66,628 | €84,557 | +€17,929 | +26.9% |
| Financial income | 75/76B | €1,237 | €1,097 | -€141 | -11.4% |
| Recurring financial income | 75 | €1,237 | €1,097 | -€141 | -11.4% |
| Financial charges | 65/66B | €710 | €151 | -€559 | -78.8% |
| Recurring financial charges | 65 | €710 | €151 | -€559 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | €67,156 | €85,503 | +€18,347 | +27.3% |
| Income taxes | 67/77 | €21,893 | €34,114 | +€12,222 | +55.8% |
| Profit (loss) for the period | 9904 | €45,263 | €51,389 | +€6,126 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,263 | €51,389 | +€6,126 | +13.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.