BUDAI: what changed
Two fiscal 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.
BUDAI
Largest movements
- Deferred charges and accrued income +€69,613
new in 2025: €69,613
- Cash +€65,710
up €65,710 (+47.7%), from €137,666 to €203,376
mainly Net result for the year (+€52,124) and Tax, wage and social debts (+€35,463)
- Receivables within one year -€24,109
down €24,109 (-23.5%), from €102,602 to €78,493
of which Other amounts receivable: -€44,642
- Profit (loss) carried forward +€52,124
up €52,124 (+26.7%), from €195,297 to €247,421
- Tax, wage and social debts +€35,463
up €35,463 (+69.6%), from €50,965 to €86,428
of which Taxes: +€76,268
- Trade debts +€16,656
up €16,656 (+799.0%), from €2,085 to €18,741
- Other debts +€4,181
new in 2025: €4,181
- Staff costs +€122,784
up €122,784 (+53.3%), from €230,545 to €353,328
- Gross operating margin +€115,655
up €115,655 (+37.5%), from €308,384 to €424,039
- Depreciation -€22,419
down €22,419 (-88.9%), from €25,215 to €2,797
- Taxes -€15,003
down €15,003 (-71.0%), from €21,131 to €6,128
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.
Cash bridge derived
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 | €249,346 | €357,764 | +€108,418 | +43.5% |
| Fixed assets | 21/28 | €9,079 | €6,282 | -€2,797 | -30.8% |
| Tangible fixed assets | 22/27 | €9,079 | €6,282 | -€2,797 | -30.8% |
| Plant, machinery and equipment | 23 | €8,168 | €5,793 | -€2,375 | -29.1% |
| Furniture and vehicles | 24 | €911 | €489 | -€422 | -46.3% |
| Current assets | 29/58 | €240,268 | €351,482 | +€111,215 | +46.3% |
| Amounts receivable within one year | 40/41 | €102,602 | €78,493 | -€24,109 | -23.5% |
| Trade receivables | 40 | €32,243 | €52,777 | +€20,534 | +63.7% |
| Other amounts receivable | 41 | €70,359 | €25,716 | -€44,642 | -63.4% |
| Cash at bank and in hand | 54/58 | €137,666 | €203,376 | +€65,710 | +47.7% |
| Deferred charges and accrued income | 490/1 | - | €69,613 | +€69,613 | |
| Total equity and liabilities | 10/49 | €249,346 | €357,764 | +€108,418 | +43.5% |
| Equity | 10/15 | €196,297 | €248,415 | +€52,118 | +26.6% |
| Contributions | 10/11 | €1,000 | €994 | -€6 | -0.6% |
| Capital | 10 | €1,000 | €994 | -€6 | -0.6% |
| Issued capital | 100 | €1,000 | €994 | -€6 | -0.6% |
| Profit (loss) carried forward | 14 | €195,297 | €247,421 | +€52,124 | +26.7% |
| Amounts payable | 17/49 | €53,049 | €109,349 | +€56,300 | +106.1% |
| Amounts payable within one year | 42/48 | €53,049 | €109,349 | +€56,300 | +106.1% |
| Trade debts | 44 | €2,085 | €18,741 | +€16,656 | +799.0% |
| Suppliers | 440/4 | €2,085 | €18,741 | +€16,656 | +799.0% |
| Taxes, remuneration and social security | 45 | €50,965 | €86,428 | +€35,463 | +69.6% |
| Taxes | 450/3 | €10,160 | €86,428 | +€76,268 | +750.7% |
| Remuneration and social security | 454/9 | €40,805 | - | -€40,805 | |
| Other amounts payable | 47/48 | - | €4,181 | +€4,181 | |
| Remuneration, social security and pensions | 62 | €230,545 | €353,328 | +€122,784 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,215 | €2,797 | -€22,419 | -88.9% |
| Other operating charges | 640/8 | €2,397 | €5,774 | +€3,377 | +140.9% |
| Gross operating margin | 9900 | €308,384 | €424,039 | +€115,655 | +37.5% |
| Operating profit (loss) | 9901 | €50,227 | €62,140 | +€11,913 | +23.7% |
| Financial income | 75/76B | €75 | €72 | -€3 | -3.9% |
| Recurring financial income | 75 | €75 | €72 | -€3 | -3.9% |
| Financial charges | 65/66B | €164 | €3,961 | +€3,797 | +2309.4% |
| Recurring financial charges | 65 | €164 | €3,961 | +€3,797 | +2309.4% |
| Profit (loss) for the period before taxes | 9903 | €50,138 | €58,252 | +€8,113 | +16.2% |
| Income taxes | 67/77 | €21,131 | €6,128 | -€15,003 | -71.0% |
| Profit (loss) for the period | 9904 | €29,008 | €52,124 | +€23,116 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,008 | €52,124 | +€23,116 | +79.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.