BUDGET PARTNERS: 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.
BUDGET PARTNERS
Largest movements
- Cash -€53,768
down €53,768 (-28.2%), from €190,905 to €137,138
mainly Investment in fixed assets (net) (-€53,932) and Receivables within one year (-€21,062)
- Receivables within one year +€21,062
up €21,062 (+8.0%), from €264,285 to €285,346
- Tangible fixed assets +€19,385
up €19,385 (+40.5%), from €47,879 to €67,264
of which Furniture and vehicles: +€20,046
- Profit (loss) carried forward -€8,268
down €8,268 (-2.6%), from €321,244 to €312,976
- Gross operating margin -€48,920
down €48,920 (-59.0%), from €82,928 to €34,008
- Depreciation +€7,979
up €7,979 (+30.0%), from €26,568 to €34,547
- Taxes -€5,720
down €5,720 (-95.4%), from €5,996 to €277
- Other operating charges +€5,384
up €5,384 (+224%), from €2,405 to €7,789
- Financial income +€3,032
up €3,032 (+315%), from €964 to €3,996
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 | €654,968 | €641,840 | -€13,128 | -2.0% |
| Fixed assets | 21/28 | €47,879 | €67,264 | +€19,385 | +40.5% |
| Tangible fixed assets | 22/27 | €47,879 | €67,264 | +€19,385 | +40.5% |
| Plant, machinery and equipment | 23 | €3,270 | €3,181 | -€89 | -2.7% |
| Furniture and vehicles | 24 | €44,037 | €64,083 | +€20,046 | +45.5% |
| Other tangible fixed assets | 26 | €572 | €0 | -€572 | -100% |
| Current assets | 29/58 | €607,089 | €574,576 | -€32,513 | -5.4% |
| Amounts receivable within one year | 40/41 | €264,285 | €285,346 | +€21,062 | +8.0% |
| Other amounts receivable | 41 | €264,285 | €285,346 | +€21,062 | +8.0% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €190,905 | €137,138 | -€53,768 | -28.2% |
| Deferred charges and accrued income | 490/1 | €1,899 | €2,092 | +€193 | +10.2% |
| Total equity and liabilities | 10/49 | €654,968 | €641,840 | -€13,128 | -2.0% |
| Equity | 10/15 | €569,423 | €561,154 | -€8,268 | -1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €186,178 | €186,178 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €179,978 | €179,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | €321,244 | €312,976 | -€8,268 | -2.6% |
| Amounts payable | 17/49 | €85,545 | €80,685 | -€4,860 | -5.7% |
| Amounts payable within one year | 42/48 | €84,099 | €80,685 | -€3,413 | -4.1% |
| Financial debts | 43 | €90 | €90 | = | 0.0% |
| Credit institutions | 430/8 | €90 | €90 | = | 0.0% |
| Trade debts | 44 | €2,209 | €4,450 | +€2,241 | +101% |
| Suppliers | 440/4 | €2,209 | €4,450 | +€2,241 | +101% |
| Taxes, remuneration and social security | 45 | €6,800 | €1,146 | -€5,654 | -83.1% |
| Taxes | 450/3 | €6,800 | €1,146 | -€5,654 | -83.1% |
| Other amounts payable | 47/48 | €75,000 | €75,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,447 | €0 | -€1,447 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,568 | €34,547 | +€7,979 | +30.0% |
| Other operating charges | 640/8 | €2,405 | €7,789 | +€5,384 | +224% |
| Non-recurring operating charges | 66A | - | €5,234 | +€5,234 | |
| Gross operating margin | 9900 | €82,928 | €34,008 | -€48,920 | -59.0% |
| Operating profit (loss) | 9901 | €53,955 | -€13,563 | -€67,517 | |
| Financial income | 75/76B | €964 | €3,996 | +€3,032 | +315% |
| Recurring financial income | 75 | €964 | €3,996 | +€3,032 | +315% |
| Financial charges | 65/66B | €106 | -€1,575 | -€1,681 | |
| Recurring financial charges | 65 | €106 | -€1,575 | -€1,681 | |
| Profit (loss) for the period before taxes | 9903 | €54,813 | -€7,992 | -€62,804 | |
| Income taxes | 67/77 | €5,996 | €277 | -€5,720 | -95.4% |
| Profit (loss) for the period | 9904 | €48,816 | -€8,268 | -€57,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,816 | -€8,268 | -€57,085 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.