BUDDE TRANSPORT: 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.
BUDDE TRANSPORT
Largest movements
- Tangible fixed assets +€221,227
up €221,227 (+156%), from €142,098 to €363,325
of which Leasing and similar rights: +€222,314
- Cash -€26,187
down €26,187 (-94.1%), from €27,821 to €1,634
mainly Investment in fixed assets (net) (-€265,250) and Net result for the year (-€51,039)
- Receivables within one year +€13,526
up €13,526 (+194%), from €6,976 to €20,503
of which Trade receivables: +€8,768
- Financial fixed assets +€11,400
up €11,400 (+713%), from €1,600 to €13,000
- Deferred charges and accrued income +€9,841
up €9,841 (+398%), from €2,473 to €12,314
- Debts after one year +€183,110
up €183,110 (+153%), from €119,332 to €302,442
- Profit (loss) carried forward -€51,039
down €51,039, from €0 to -€51,039
- Current portion of long-term debt +€36,053
up €36,053 (+195%), from €18,460 to €54,513
- Trade debts +€32,064
up €32,064 (+610%), from €5,258 to €37,321
- Tax, wage and social debts +€30,640
up €30,640 (+382%), from €8,015 to €38,655
of which Taxes: +€16,563
- Staff costs +€81,088
new in 2025: €81,088
- Gross operating margin +€27,673
up €27,673 (+53.5%), from €51,699 to €79,373
- Depreciation +€15,285
up €15,285 (+88.2%), from €17,338 to €32,623
- Financial charges +€3,147
up €3,147 (+31.3%), from €10,062 to €13,209
- Taxes +€2,391
up €2,391, from €0 to €2,391
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 | €180,968 | €410,775 | +€229,808 | +127% |
| Fixed assets | 21/28 | €143,698 | €376,325 | +€232,627 | +162% |
| Tangible fixed assets | 22/27 | €142,098 | €363,325 | +€221,227 | +156% |
| Furniture and vehicles | 24 | €4,888 | €3,801 | -€1,087 | -22.2% |
| Leasing and similar rights | 25 | €137,210 | €359,524 | +€222,314 | +162% |
| Financial fixed assets | 28 | €1,600 | €13,000 | +€11,400 | +713% |
| Current assets | 29/58 | €37,270 | €34,451 | -€2,819 | -7.6% |
| Amounts receivable within one year | 40/41 | €6,976 | €20,503 | +€13,526 | +194% |
| Trade receivables | 40 | €5,542 | €14,310 | +€8,768 | +158% |
| Other amounts receivable | 41 | €1,435 | €6,193 | +€4,759 | +332% |
| Cash at bank and in hand | 54/58 | €27,821 | €1,634 | -€26,187 | -94.1% |
| Deferred charges and accrued income | 490/1 | €2,473 | €12,314 | +€9,841 | +398% |
| Total equity and liabilities | 10/49 | €180,968 | €410,775 | +€229,808 | +127% |
| Equity | 10/15 | €26,548 | -€24,491 | -€51,039 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,548 | €23,548 | = | 0.0% |
| Distributable reserves | 133 | €23,548 | €23,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€51,039 | -€51,039 | |
| Amounts payable | 17/49 | €154,420 | €435,266 | +€280,846 | +182% |
| Amounts payable after more than one year | 17 | €119,332 | €302,442 | +€183,110 | +153% |
| Financial debts | 170/4 | €119,332 | €302,442 | +€183,110 | +153% |
| Amounts payable within one year | 42/48 | €35,075 | €132,824 | +€97,749 | +279% |
| Current portion of amounts payable after more than one year | 42 | €18,460 | €54,513 | +€36,053 | +195% |
| Trade debts | 44 | €5,258 | €37,321 | +€32,064 | +610% |
| Suppliers | 440/4 | €5,258 | €37,321 | +€32,064 | +610% |
| Taxes, remuneration and social security | 45 | €8,015 | €38,655 | +€30,640 | +382% |
| Taxes | 450/3 | €8,015 | €24,578 | +€16,563 | +207% |
| Remuneration and social security | 454/9 | - | €14,077 | +€14,077 | |
| Other amounts payable | 47/48 | €3,343 | €2,334 | -€1,009 | -30.2% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100% |
| Remuneration, social security and pensions | 62 | - | €81,088 | +€81,088 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,338 | €32,623 | +€15,285 | +88.2% |
| Other operating charges | 640/8 | €1,048 | €1,100 | +€52 | +5.0% |
| Gross operating margin | 9900 | €51,699 | €79,373 | +€27,673 | +53.5% |
| Operating profit (loss) | 9901 | €33,314 | -€35,439 | -€68,753 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -100% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €10,062 | €13,209 | +€3,147 | +31.3% |
| Recurring financial charges | 65 | €10,062 | €13,209 | +€3,147 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €23,259 | -€48,648 | -€71,907 | |
| Income taxes | 67/77 | €0 | €2,391 | +€2,391 | |
| Profit (loss) for the period | 9904 | €23,259 | -€51,039 | -€74,297 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,259 | -€51,039 | -€74,297 |
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 15 October 2026 via checked.be.