BUDRENCOM: what changed
Two fiscal 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.
BUDRENCOM
Largest movements
- Cash +€3,695
up €3,695 (+40.8%), from €9,055 to €12,751
mainly Other debts (+€16,216) and Receivables within one year (+€2,715)
- Receivables within one year -€2,715
down €2,715 (-95.3%), from €2,848 to €133
of which Trade receivables: -€1,811
- Deferred charges and accrued income +€2,709
new in 2025: €2,709
- Tangible fixed assets -€1,242
down €1,242 (-75.0%), from €1,657 to €415
of which Furniture and vehicles: -€888
- Other debts +€16,216
up €16,216 (+38.0%), from €42,722 to €58,938
- Profit (loss) carried forward -€14,690
down €14,690 (-16.5%), from -€89,136 to -€103,827
- Trade debts +€1,132
up €1,132 (+95.9%), from €1,180 to €2,312
- Accrued charges and deferred income -€509
no longer reported in 2025 (was €509)
- Tax, wage and social debts +€327
new in 2025: €327
- Depreciation -€7,342
down €7,342 (-85.5%), from €8,584 to €1,242
- Taxes -€2,466
down €2,466 (-91.7%), from €2,690 to €224
- Gross operating margin +€1,442
up €1,442 (+11.7%), from -€12,340 to -€10,898
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.
Cash bridge derived
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 | €15,734 | €18,209 | +€2,475 | +15.7% |
| Fixed assets | 21/28 | €1,657 | €415 | -€1,242 | -75.0% |
| Tangible fixed assets | 22/27 | €1,657 | €415 | -€1,242 | -75.0% |
| Plant, machinery and equipment | 23 | €769 | €415 | -€354 | -46.0% |
| Furniture and vehicles | 24 | €888 | - | -€888 | |
| Current assets | 29/58 | €14,077 | €17,794 | +€3,717 | +26.4% |
| Stocks and contracts in progress | 3 | €2,174 | €2,202 | +€28 | +1.3% |
| Stocks | 30/36 | €2,174 | €2,202 | +€28 | +1.3% |
| Amounts receivable within one year | 40/41 | €2,848 | €133 | -€2,715 | -95.3% |
| Trade receivables | 40 | €1,944 | €133 | -€1,811 | -93.2% |
| Other amounts receivable | 41 | €904 | - | -€904 | |
| Cash at bank and in hand | 54/58 | €9,055 | €12,751 | +€3,695 | +40.8% |
| Deferred charges and accrued income | 490/1 | - | €2,709 | +€2,709 | |
| Total equity and liabilities | 10/49 | €15,734 | €18,209 | +€2,475 | +15.7% |
| Equity | 10/15 | -€68,676 | -€83,367 | -€14,690 | -21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,136 | -€103,827 | -€14,690 | -16.5% |
| Amounts payable | 17/49 | €84,410 | €101,576 | +€17,166 | +20.3% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,902 | €61,576 | +€17,674 | +40.3% |
| Trade debts | 44 | €1,180 | €2,312 | +€1,132 | +95.9% |
| Suppliers | 440/4 | €1,180 | €2,312 | +€1,132 | +95.9% |
| Taxes, remuneration and social security | 45 | - | €327 | +€327 | |
| Taxes | 450/3 | - | €327 | +€327 | |
| Other amounts payable | 47/48 | €42,722 | €58,938 | +€16,216 | +38.0% |
| Accrued charges and deferred income | 492/3 | €509 | - | -€509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,584 | €1,242 | -€7,342 | -85.5% |
| Other operating charges | 640/8 | €2,061 | €2,128 | +€67 | +3.3% |
| Gross operating margin | 9900 | -€12,340 | -€10,898 | +€1,442 | +11.7% |
| Operating profit (loss) | 9901 | -€22,985 | -€14,269 | +€8,717 | +37.9% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €169 | €198 | +€29 | +17.2% |
| Recurring financial charges | 65 | €169 | €198 | +€29 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,152 | -€14,467 | +€8,686 | +37.5% |
| Income taxes | 67/77 | €2,690 | €224 | -€2,466 | -91.7% |
| Profit (loss) for the period | 9904 | -€25,842 | -€14,690 | +€11,151 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,842 | -€14,690 | +€11,151 | +43.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.