Budd 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.
Budd Invest
Largest movements
- Tangible fixed assets -€39,750
down €39,750 (-51.4%), from €77,311 to €37,561
of which Other tangible fixed assets: -€38,750
- Cash +€17,445
up €17,445 (+141%), from €12,401 to €29,846
mainly Investment in fixed assets (net) (+€38,750) and Trade debts (+€27,487)
- Receivables within one year +€5,097
up €5,097 (+58.0%), from €8,780 to €13,877
of which Trade receivables: +€4,403
- Profit (loss) carried forward -€31,102
down €31,102 (-273%), from -€11,404 to -€42,506
- Trade debts +€27,487
up €27,487 (+277%), from €9,928 to €37,415
- Advances received -€10,794
down €10,794 (-71.8%), from €15,029 to €4,235
- Other debts -€8,041
down €8,041 (-9.9%), from €80,961 to €72,920
- Tax, wage and social debts +€4,742
up €4,742 (+485%), from €977 to €5,719
- Other operating charges +€38,749
new in 2025: €38,749
- Gross operating margin -€1,574
down €1,574 (-14.4%), from €10,895 to €9,321
- Taxes -€977
no longer reported in 2025 (was €977)
- Financial charges +€463
up €463 (+219%), from €212 to €675
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 | €98,991 | €81,283 | -€17,708 | -17.9% |
| Fixed assets | 21/28 | €77,311 | €37,561 | -€39,750 | -51.4% |
| Tangible fixed assets | 22/27 | €77,311 | €37,561 | -€39,750 | -51.4% |
| Furniture and vehicles | 24 | €3,644 | €2,644 | -€1,000 | -27.4% |
| Other tangible fixed assets | 26 | €73,667 | €34,917 | -€38,750 | -52.6% |
| Current assets | 29/58 | €21,681 | €43,723 | +€22,042 | +102% |
| Amounts receivable within one year | 40/41 | €8,780 | €13,877 | +€5,097 | +58.0% |
| Trade receivables | 40 | €8,638 | €13,041 | +€4,403 | +51.0% |
| Other amounts receivable | 41 | €142 | €836 | +€694 | +488% |
| Cash at bank and in hand | 54/58 | €12,401 | €29,846 | +€17,445 | +141% |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €98,991 | €81,283 | -€17,708 | -17.9% |
| Equity | 10/15 | -€7,904 | -€39,006 | -€31,102 | -394% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,404 | -€42,506 | -€31,102 | -273% |
| Amounts payable | 17/49 | €106,895 | €120,290 | +€13,394 | +12.5% |
| Amounts payable within one year | 42/48 | €106,895 | €120,290 | +€13,394 | +12.5% |
| Trade debts | 44 | €9,928 | €37,415 | +€27,487 | +277% |
| Suppliers | 440/4 | €9,928 | €37,415 | +€27,487 | +277% |
| Advances received on contracts in progress | 46 | €15,029 | €4,235 | -€10,794 | -71.8% |
| Taxes, remuneration and social security | 45 | €977 | €5,719 | +€4,742 | +485% |
| Taxes | 450/3 | €977 | €5,719 | +€4,742 | +485% |
| Other amounts payable | 47/48 | €80,961 | €72,920 | -€8,041 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,025 | €1,000 | -€25 | -2.4% |
| Other operating charges | 640/8 | - | €38,749 | +€38,749 | |
| Gross operating margin | 9900 | €10,895 | €9,321 | -€1,574 | -14.4% |
| Operating profit (loss) | 9901 | €9,870 | -€30,428 | -€40,298 | |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €212 | €675 | +€463 | +219% |
| Recurring financial charges | 65 | €212 | €675 | +€463 | +219% |
| Profit (loss) for the period before taxes | 9903 | €9,684 | -€31,102 | -€40,786 | |
| Income taxes | 67/77 | €977 | - | -€977 | |
| Profit (loss) for the period | 9904 | €8,707 | -€31,102 | -€39,809 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,707 | -€31,102 | -€39,809 |
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 28 October 2026 via checked.be.