BUD MAR CONSTRUCT: 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.
BUD MAR CONSTRUCT
Largest movements
- Cash +€15,786
up €15,786 (+603%), from €2,618 to €18,404
mainly Net result for the year (+€24,105) and Tax, wage and social debts (+€13,586)
- Receivables within one year +€14,955
up €14,955 (+64.3%), from €23,258 to €38,213
of which Trade receivables: +€11,694
- Tangible fixed assets -€5,268
no longer reported in 2024 (was €5,268)
- Reserves +€25,000
up €25,000 (+12,500%), from €200 to €25,200
of which Distributable reserves: +€25,000
- Tax, wage and social debts +€13,586
up €13,586 (+976%), from €1,392 to €14,978
- Current portion of long-term debt -€5,670
down €5,670 (-92.2%), from €6,153 to €483
- Trade debts -€5,038
down €5,038 (-91.3%), from €5,519 to €481
- Other debts -€1,510
no longer reported in 2024 (was €1,510)
- Gross operating margin +€47,168
up €47,168 (+576%), from €8,192 to €55,360
- Write-downs +€15,166
new in 2024: €15,166
- Taxes +€9,341
up €9,341 (+1,705%), from €548 to €9,889
- Other operating charges -€1,871
down €1,871 (-81.3%), from €2,300 to €429
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,144 | €56,617 | +€25,473 | +81.8% |
| Fixed assets | 21/28 | €5,268 | - | -€5,268 | |
| Tangible fixed assets | 22/27 | €5,268 | - | -€5,268 | |
| Furniture and vehicles | 24 | €5,268 | - | -€5,268 | |
| Current assets | 29/58 | €25,876 | €56,617 | +€30,741 | +119% |
| Amounts receivable within one year | 40/41 | €23,258 | €38,213 | +€14,955 | +64.3% |
| Trade receivables | 40 | €22,191 | €33,885 | +€11,694 | +52.7% |
| Other amounts receivable | 41 | €1,067 | €4,328 | +€3,261 | +306% |
| Cash at bank and in hand | 54/58 | €2,618 | €18,404 | +€15,786 | +603% |
| Total equity and liabilities | 10/49 | €31,144 | €56,617 | +€25,473 | +81.8% |
| Equity | 10/15 | €16,570 | €40,675 | +€24,105 | +145% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €200 | €25,200 | +€25,000 | +12,500% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | €10,170 | €9,275 | -€895 | -8.8% |
| Amounts payable | 17/49 | €14,574 | €15,942 | +€1,368 | +9.4% |
| Amounts payable within one year | 42/48 | €14,574 | €15,942 | +€1,368 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €6,153 | €483 | -€5,670 | -92.2% |
| Trade debts | 44 | €5,519 | €481 | -€5,038 | -91.3% |
| Suppliers | 440/4 | €5,519 | €481 | -€5,038 | -91.3% |
| Taxes, remuneration and social security | 45 | €1,392 | €14,978 | +€13,586 | +976% |
| Taxes | 450/3 | €1,392 | €14,978 | +€13,586 | +976% |
| Other amounts payable | 47/48 | €1,510 | - | -€1,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,269 | €5,268 | -€1 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,166 | +€15,166 | |
| Other operating charges | 640/8 | €2,300 | €429 | -€1,871 | -81.3% |
| Gross operating margin | 9900 | €8,192 | €55,360 | +€47,168 | +576% |
| Operating profit (loss) | 9901 | €623 | €34,497 | +€33,874 | +5,437% |
| Financial charges | 65/66B | €832 | €503 | -€329 | -39.5% |
| Recurring financial charges | 65 | €832 | €503 | -€329 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | -€209 | €33,994 | +€34,203 | |
| Income taxes | 67/77 | €548 | €9,889 | +€9,341 | +1,705% |
| Profit (loss) for the period | 9904 | -€757 | €24,105 | +€24,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€757 | €24,105 | +€24,862 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.