BUDIN-CONSERVA: 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.
BUDIN-CONSERVA
Largest movements
- Tangible fixed assets -€16,076
down €16,076 (-37.0%), from €43,424 to €27,347
of which Land and buildings: -€15,099
- Receivables within one year +€12,113
up €12,113 (+20.0%), from €60,418 to €72,531
of which Trade receivables: +€9,230
- Cash +€11,365
up €11,365 (+20.1%), from €56,612 to €67,977
mainly Other debts (+€37,320) and Depreciation (+€16,076)
- Other debts +€37,320
up €37,320 (+55.1%), from €67,735 to €105,055
- Profit (loss) carried forward -€15,298
down €15,298 (-236%), from -€6,489 to -€21,787
- Current portion of long-term debt -€9,916
no longer reported in 2025 (was €9,916)
- Trade debts -€5,331
down €5,331 (-8.1%), from €65,576 to €60,246
- Write-downs +€33,655
new in 2025: €33,655
- Gross operating margin +€19,957
up €19,957 (+12.7%), from €156,534 to €176,491
- Staff costs +€9,498
up €9,498 (+8.6%), from €110,084 to €119,583
- Depreciation -€8,521
down €8,521 (-34.6%), from €24,598 to €16,076
- Financial charges -€2,223
down €2,223 (-9.7%), from €22,990 to €20,767
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 | €410,801 | €419,437 | +€8,636 | +2.1% |
| Fixed assets | 21/28 | €43,524 | €27,447 | -€16,076 | -36.9% |
| Tangible fixed assets | 22/27 | €43,424 | €27,347 | -€16,076 | -37.0% |
| Land and buildings | 22 | €40,503 | €25,404 | -€15,099 | -37.3% |
| Plant, machinery and equipment | 23 | €2,921 | €1,944 | -€977 | -33.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €367,278 | €391,989 | +€24,712 | +6.7% |
| Stocks and contracts in progress | 3 | €249,250 | €250,451 | +€1,201 | +0.5% |
| Stocks | 30/36 | €249,250 | €250,451 | +€1,201 | +0.5% |
| Amounts receivable within one year | 40/41 | €60,418 | €72,531 | +€12,113 | +20.0% |
| Trade receivables | 40 | €56,915 | €66,146 | +€9,230 | +16.2% |
| Other amounts receivable | 41 | €3,503 | €6,385 | +€2,883 | +82.3% |
| Cash at bank and in hand | 54/58 | €56,612 | €67,977 | +€11,365 | +20.1% |
| Deferred charges and accrued income | 490/1 | €997 | €1,030 | +€33 | +3.3% |
| Total equity and liabilities | 10/49 | €410,801 | €419,437 | +€8,636 | +2.1% |
| Equity | 10/15 | €142,369 | €127,072 | -€15,298 | -10.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €48,859 | €48,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €45,859 | €45,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,489 | -€21,787 | -€15,298 | -236% |
| Amounts payable | 17/49 | €268,432 | €292,365 | +€23,933 | +8.9% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €163,418 | €187,320 | +€23,902 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €9,916 | - | -€9,916 | |
| Trade debts | 44 | €65,576 | €60,246 | -€5,331 | -8.1% |
| Suppliers | 440/4 | €65,576 | €60,246 | -€5,331 | -8.1% |
| Taxes, remuneration and social security | 45 | €20,191 | €22,020 | +€1,829 | +9.1% |
| Taxes | 450/3 | €2,140 | €2,822 | +€682 | +31.9% |
| Remuneration and social security | 454/9 | €18,051 | €19,198 | +€1,147 | +6.4% |
| Other amounts payable | 47/48 | €67,735 | €105,055 | +€37,320 | +55.1% |
| Accrued charges and deferred income | 492/3 | €5,014 | €5,045 | +€31 | +0.6% |
| Remuneration, social security and pensions | 62 | €110,084 | €119,583 | +€9,498 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,598 | €16,076 | -€8,521 | -34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €33,655 | +€33,655 | |
| Other operating charges | 640/8 | €1,898 | €3,482 | +€1,585 | +83.5% |
| Gross operating margin | 9900 | €156,534 | €176,491 | +€19,957 | +12.7% |
| Operating profit (loss) | 9901 | €19,954 | €3,695 | -€16,260 | -81.5% |
| Financial income | 75/76B | €1,780 | €1,506 | -€274 | -15.4% |
| Recurring financial income | 75 | €1,780 | €1,506 | -€274 | -15.4% |
| Financial charges | 65/66B | €22,990 | €20,767 | -€2,223 | -9.7% |
| Recurring financial charges | 65 | €22,990 | €20,767 | -€2,223 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,256 | -€15,566 | -€14,310 | -1,139% |
| Income taxes | 67/77 | €1,468 | -€269 | -€1,737 | |
| Profit (loss) for the period | 9904 | -€2,725 | -€15,298 | -€12,573 | -461% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,725 | -€15,298 | -€12,573 | -461% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.