BUDA-INVEST: 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.
BUDA-INVEST
Largest movements
- Receivables within one year -€475,000
down €475,000 (-100%), from €475,000 to €0
- Tangible fixed assets -€323,741
down €323,741 (-13.2%), from €2.5m to €2.1m
- Profit (loss) carried forward -€400,390
down €400,390 (-34.8%), from -€1.1m to -€1.6m
- Other debts -€207,634
down €207,634 (-22.9%), from €907,245 to €699,611
- Debts after one year -€157,835
down €157,835 (-11.7%), from €1.3m to €1.2m
of which Financial debts: -€157,835
- Accrued charges and deferred income -€33,866
down €33,866 (-11.8%), from €287,081 to €253,215
- Other operating charges +€475,269
up €475,269 (+2,237%), from €21,248 to €496,517
- Gross operating margin +€125,985
up €125,985 (+108%), from €117,053 to €243,038
- Financial income -€71,648
down €71,648 (-100%), from €71,648 to €0
- Financial charges -€5,630
down €5,630 (-11.1%), from €50,880 to €45,250
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 | €2,945,992 | €2,152,774 | -€793,218 | -26.9% |
| Fixed assets | 21/28 | €2,454,787 | €2,131,046 | -€323,741 | -13.2% |
| Tangible fixed assets | 22/27 | €2,454,787 | €2,131,046 | -€323,741 | -13.2% |
| Land and buildings | 22 | €2,454,787 | €2,131,046 | -€323,741 | -13.2% |
| Current assets | 29/58 | €491,205 | €21,728 | -€469,477 | -95.6% |
| Amounts receivable within one year | 40/41 | €475,000 | €0 | -€475,000 | -100% |
| Trade receivables | 40 | €475,000 | €0 | -€475,000 | -100% |
| Cash at bank and in hand | 54/58 | €16,205 | €21,728 | +€5,523 | +34.1% |
| Total equity and liabilities | 10/49 | €2,945,992 | €2,152,774 | -€793,218 | -26.9% |
| Equity | 10/15 | €250,374 | -€150,017 | -€400,390 | |
| Contributions | 10/11 | €1,400,000 | €1,400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,149,626 | -€1,550,017 | -€400,390 | -34.8% |
| Amounts payable | 17/49 | €2,695,618 | €2,302,791 | -€392,828 | -14.6% |
| Amounts payable after more than one year | 17 | €1,348,956 | €1,191,122 | -€157,835 | -11.7% |
| Financial debts | 170/4 | €1,152,956 | €995,122 | -€157,835 | -13.7% |
| Other amounts payable | 178/9 | €196,000 | €196,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,059,581 | €858,454 | -€201,127 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €152,336 | €157,985 | +€5,649 | +3.7% |
| Trade debts | 44 | - | €858 | +€858 | |
| Suppliers | 440/4 | - | €858 | +€858 | |
| Other amounts payable | 47/48 | €907,245 | €699,611 | -€207,634 | -22.9% |
| Accrued charges and deferred income | 492/3 | €287,081 | €253,215 | -€33,866 | -11.8% |
| Non-recurring operating income | 76A | - | €127,922 | +€127,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,694 | €101,662 | -€2,032 | -2.0% |
| Other operating charges | 640/8 | €21,248 | €496,517 | +€475,269 | +2,237% |
| Gross operating margin | 9900 | €117,053 | €243,038 | +€125,985 | +108% |
| Operating profit (loss) | 9901 | -€7,889 | -€355,141 | -€347,252 | -4,402% |
| Financial income | 75/76B | €71,648 | €0 | -€71,648 | -100% |
| Recurring financial income | 75 | €71,648 | €0 | -€71,648 | -100% |
| Financial charges | 65/66B | €50,880 | €45,250 | -€5,630 | -11.1% |
| Recurring financial charges | 65 | €50,880 | €45,250 | -€5,630 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €12,880 | -€400,390 | -€413,270 | |
| Profit (loss) for the period | 9904 | €12,880 | -€400,390 | -€413,270 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,880 | -€400,390 | -€413,270 |
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 19 October 2026 via checked.be.