BUDAMA: 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.
BUDAMA
Largest movements
- Receivables within one year -€45,519
down €45,519 (-31.8%), from €143,159 to €97,641
of which Trade receivables: -€47,572
- Cash +€35,609
up €35,609 (+134.4%), from €26,495 to €62,104
mainly Receivables within one year (+€45,519) and Depreciation (+€9,125)
- Tangible fixed assets -€9,125
down €9,125 (-8.8%), from €103,569 to €94,444
of which Plant, machinery and equipment: -€7,766
- Trade debts -€15,877
down €15,877 (-56.0%), from €28,377 to €12,500
- Debts after one year -€7,686
down €7,686 (-26.1%), from €29,462 to €21,776
- Reserves +€7,275
up €7,275 (+9.6%), from €75,611 to €82,886
of which Distributable reserves: +€10,600
- Gross operating margin -€3,608
down €3,608 (-14.8%), from €24,299 to €20,691
- Taxes -€980
down €980 (-20.1%), from €4,880 to €3,900
- Financial charges -€303
down €303 (-26.8%), from €1,132 to €829
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 | €273,900 | €255,059 | -€18,841 | -6.9% |
| Fixed assets | 21/28 | €103,594 | €94,469 | -€9,125 | -8.8% |
| Tangible fixed assets | 22/27 | €103,569 | €94,444 | -€9,125 | -8.8% |
| Land and buildings | 22 | €44,693 | €44,693 | = | 0.0% |
| Plant, machinery and equipment | 23 | €21,070 | €13,304 | -€7,766 | -36.9% |
| Other tangible fixed assets | 26 | €37,806 | €36,447 | -€1,359 | -3.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €170,307 | €160,590 | -€9,717 | -5.7% |
| Amounts receivable within one year | 40/41 | €143,159 | €97,641 | -€45,519 | -31.8% |
| Trade receivables | 40 | €79,591 | €32,019 | -€47,572 | -59.8% |
| Other amounts receivable | 41 | €63,568 | €65,622 | +€2,054 | +3.2% |
| Cash at bank and in hand | 54/58 | €26,495 | €62,104 | +€35,609 | +134.4% |
| Deferred charges and accrued income | 490/1 | €652 | €845 | +€193 | +29.6% |
| Total equity and liabilities | 10/49 | €273,900 | €255,059 | -€18,841 | -6.9% |
| Equity | 10/15 | €137,906 | €145,205 | +€7,299 | +5.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €75,611 | €82,886 | +€7,275 | +9.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,414 | €41,089 | -€3,325 | -7.5% |
| Distributable reserves | 133 | €25,000 | €35,600 | +€10,600 | +42.4% |
| Profit (loss) carried forward | 14 | €322 | €345 | +€23 | +7.2% |
| Provisions and deferred taxes | 16 | €13,425 | €12,317 | -€1,108 | -8.3% |
| Deferred taxes | 168 | €13,425 | €12,317 | -€1,108 | -8.3% |
| Amounts payable | 17/49 | €122,569 | €97,537 | -€25,032 | -20.4% |
| Amounts payable after more than one year | 17 | €29,462 | €21,776 | -€7,686 | -26.1% |
| Financial debts | 170/4 | €29,462 | €21,776 | -€7,686 | -26.1% |
| Amounts payable within one year | 42/48 | €93,107 | €75,761 | -€17,346 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €7,686 | €7,686 | = | 0.0% |
| Trade debts | 44 | €28,377 | €12,500 | -€15,877 | -56.0% |
| Suppliers | 440/4 | €28,377 | €12,500 | -€15,877 | -56.0% |
| Taxes, remuneration and social security | 45 | €5,711 | €5,576 | -€135 | -2.4% |
| Taxes | 450/3 | €5,711 | €5,576 | -€135 | -2.4% |
| Other amounts payable | 47/48 | €51,333 | €50,000 | -€1,333 | -2.6% |
| Non-recurring operating income | 76A | €8,543 | €0 | -€8,543 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,125 | €9,125 | -€0 | 0.0% |
| Other operating charges | 640/8 | €864 | €787 | -€77 | -8.9% |
| Gross operating margin | 9900 | €24,299 | €20,691 | -€3,608 | -14.8% |
| Operating profit (loss) | 9901 | €14,311 | €10,779 | -€3,532 | -24.7% |
| Financial income | 75/76B | €0 | €140 | +€140 | |
| Recurring financial income | 75 | €0 | €140 | +€140 | |
| Financial charges | 65/66B | €1,132 | €829 | -€303 | -26.8% |
| Recurring financial charges | 65 | €1,132 | €829 | -€303 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €13,179 | €10,090 | -€3,089 | -23.4% |
| Transfer from deferred taxes | 780 | €1,108 | €1,108 | = | 0.0% |
| Income taxes | 67/77 | €4,880 | €3,900 | -€980 | -20.1% |
| Profit (loss) for the period | 9904 | €9,407 | €7,299 | -€2,108 | -22.4% |
| Transfer from tax-exempt reserves | 789 | €3,325 | €3,325 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,731 | €10,623 | -€2,108 | -16.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.