BEST BUDS: 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.
BEST BUDS
Largest movements
- Receivables within one year +€12,198
up €12,198 (+128%), from €9,519 to €21,717
of which Trade receivables: +€12,642
- Financial fixed assets +€11,025
up €11,025 (+58.2%), from €18,931 to €29,956
- Cash -€6,680
down €6,680 (-74.2%), from €8,999 to €2,319
mainly Receivables within one year (-€12,198) and Investment in fixed assets (net) (-€11,025)
- Intangible fixed assets -€792
down €792 (-49.0%), from €1,616 to €824
- Profit (loss) carried forward +€17,112
up €17,112, from -€2,312 to €14,800
- Other debts -€10,240
down €10,240 (-73.9%), from €13,850 to €3,610
- Tax, wage and social debts +€4,491
up €4,491 (+70.8%), from €6,347 to €10,838
- Trade debts +€3,920
up €3,920 (+292%), from €1,342 to €5,263
- Gross operating margin +€8,994
up €8,994 (+60.9%), from €14,759 to €23,753
- Taxes +€4,814
new in 2025: €4,814
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 | €39,627 | €54,911 | +€15,284 | +38.6% |
| Fixed assets | 21/28 | €20,814 | €30,803 | +€9,989 | +48.0% |
| Intangible fixed assets | 21 | €1,616 | €824 | -€792 | -49.0% |
| Tangible fixed assets | 22/27 | €266 | €22 | -€244 | -91.7% |
| Land and buildings | 22 | €169 | €22 | -€147 | -86.9% |
| Furniture and vehicles | 24 | €97 | - | -€97 | |
| Financial fixed assets | 28 | €18,931 | €29,956 | +€11,025 | +58.2% |
| Current assets | 29/58 | €18,813 | €24,108 | +€5,295 | +28.1% |
| Amounts receivable within one year | 40/41 | €9,519 | €21,717 | +€12,198 | +128% |
| Trade receivables | 40 | €9,075 | €21,717 | +€12,642 | +139% |
| Other amounts receivable | 41 | €444 | - | -€444 | |
| Cash at bank and in hand | 54/58 | €8,999 | €2,319 | -€6,680 | -74.2% |
| Deferred charges and accrued income | 490/1 | €295 | €72 | -€223 | -75.6% |
| Total equity and liabilities | 10/49 | €39,627 | €54,911 | +€15,284 | +38.6% |
| Equity | 10/15 | €18,088 | €35,200 | +€17,112 | +94.6% |
| Contributions | 10/11 | €20,400 | €20,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,312 | €14,800 | +€17,112 | |
| Amounts payable | 17/49 | €21,539 | €19,711 | -€1,829 | -8.5% |
| Amounts payable within one year | 42/48 | €21,539 | €19,711 | -€1,829 | -8.5% |
| Trade debts | 44 | €1,342 | €5,263 | +€3,920 | +292% |
| Suppliers | 440/4 | €1,342 | €5,263 | +€3,920 | +292% |
| Taxes, remuneration and social security | 45 | €6,347 | €10,838 | +€4,491 | +70.8% |
| Taxes | 450/3 | €6,347 | €10,838 | +€4,491 | +70.8% |
| Other amounts payable | 47/48 | €13,850 | €3,610 | -€10,240 | -73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €1,036 | -€213 | -17.1% |
| Other operating charges | 640/8 | €679 | €693 | +€14 | +2.0% |
| Gross operating margin | 9900 | €14,759 | €23,753 | +€8,994 | +60.9% |
| Operating profit (loss) | 9901 | €12,830 | €22,024 | +€9,194 | +71.7% |
| Financial charges | 65/66B | €162 | €98 | -€64 | -39.5% |
| Recurring financial charges | 65 | €162 | €98 | -€64 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €12,668 | €21,926 | +€9,258 | +73.1% |
| Income taxes | 67/77 | - | €4,814 | +€4,814 | |
| Profit (loss) for the period | 9904 | €12,668 | €17,112 | +€4,444 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,668 | €17,112 | +€4,444 | +35.1% |
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 17 October 2026 via checked.be.