Budbee Belgium: 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.
Budbee Belgium
Largest movements
- Receivables within one year -€428,555
down €428,555 (-71.6%), from €598,538 to €169,983
of which Trade receivables: -€375,422
- Financial fixed assets -€64,923
down €64,923 (-100%), from €64,923 to €0
- Tangible fixed assets -€48,027
down €48,027 (-100%), from €48,027 to €0
of which Plant, machinery and equipment: -€48,027
- Cash +€44,124
up €44,124 (+57.1%), from €77,286 to €121,410
mainly Receivables within one year (+€428,555) and Investment in fixed assets (net) (+€98,280)
- Other debts -€263,756
down €263,756 (-100.0%), from €263,762 to €6
- Trade debts -€150,696
down €150,696 (-58.1%), from €259,319 to €108,623
- Tax, wage and social debts -€69,308
down €69,308 (-100%), from €69,308 to €0
of which Taxes: -€36,822
- Profit (loss) carried forward -€13,622
down €13,622 (-7.0%), from €193,386 to €179,765
- Gross operating margin -€521,182
down €521,182 (-96.9%), from €537,729 to €16,547
- Staff costs -€103,455
down €103,455 (-99.9%), from €103,576 to €121
- Financial charges -€40,517
down €40,517 (-94.4%), from €42,933 to €2,416
- Other operating charges +€16,927
up €16,927 (+1,750%), from €968 to €17,894
- Write-downs -€9,914
down €9,914, from €4,957 to -€4,957
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 | €788,774 | €291,393 | -€497,381 | -63.1% |
| Fixed assets | 21/28 | €112,950 | €0 | -€112,950 | -100% |
| Tangible fixed assets | 22/27 | €48,027 | €0 | -€48,027 | -100% |
| Plant, machinery and equipment | 23 | €48,027 | €0 | -€48,027 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €64,923 | €0 | -€64,923 | -100% |
| Current assets | 29/58 | €675,825 | €291,393 | -€384,431 | -56.9% |
| Amounts receivable within one year | 40/41 | €598,538 | €169,983 | -€428,555 | -71.6% |
| Trade receivables | 40 | €541,452 | €166,030 | -€375,422 | -69.3% |
| Other amounts receivable | 41 | €57,087 | €3,953 | -€53,134 | -93.1% |
| Cash at bank and in hand | 54/58 | €77,286 | €121,410 | +€44,124 | +57.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €788,774 | €291,393 | -€497,381 | -63.1% |
| Equity | 10/15 | €196,386 | €182,765 | -€13,622 | -6.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,386 | €179,765 | -€13,622 | -7.0% |
| Amounts payable | 17/49 | €592,388 | €108,629 | -€483,760 | -81.7% |
| Amounts payable within one year | 42/48 | €592,388 | €108,629 | -€483,760 | -81.7% |
| Trade debts | 44 | €259,319 | €108,623 | -€150,696 | -58.1% |
| Suppliers | 440/4 | €259,319 | €108,623 | -€150,696 | -58.1% |
| Taxes, remuneration and social security | 45 | €69,308 | €0 | -€69,308 | -100% |
| Taxes | 450/3 | €36,822 | €0 | -€36,822 | -100% |
| Remuneration and social security | 454/9 | €32,486 | €0 | -€32,486 | -100% |
| Other amounts payable | 47/48 | €263,762 | €6 | -€263,756 | -100.0% |
| Non-recurring operating income | 76A | €258,087 | €100,389 | -€157,698 | -61.1% |
| Remuneration, social security and pensions | 62 | €103,576 | €121 | -€103,455 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,448 | €14,670 | -€2,778 | -15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,957 | -€4,957 | -€9,914 | |
| Other operating charges | 640/8 | €968 | €17,894 | +€16,927 | +1,750% |
| Non-recurring operating charges | 66A | €371,787 | €333 | -€371,454 | -99.9% |
| Gross operating margin | 9900 | €537,729 | €16,547 | -€521,182 | -96.9% |
| Operating profit (loss) | 9901 | €38,993 | -€11,515 | -€50,508 | |
| Financial income | 75/76B | €68 | €309 | +€241 | +356% |
| Recurring financial income | 75 | €68 | €309 | +€241 | +356% |
| Financial charges | 65/66B | €42,933 | €2,416 | -€40,517 | -94.4% |
| Recurring financial charges | 65 | €42,933 | €2,416 | -€40,517 | -94.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,872 | -€13,622 | -€9,749 | -252% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,872 | -€13,622 | -€9,749 | -252% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,872 | -€13,622 | -€9,749 | -252% |
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 23 October 2026 via checked.be.