BUDSARA: 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.
BUDSARA
Largest movements
- Receivables within one year -€26,705
down €26,705 (-37.4%), from €71,448 to €44,744
of which Other amounts receivable: -€50,929
- Tangible fixed assets +€16,311
up €16,311 (+611.6%), from €2,667 to €18,977
- Formation expenses -€1,108
down €1,108 (-100.0%), from €1,108 to €0
- Cash +€1,000
up €1,000 (+11.1%), from €9,000 to €10,000
mainly Other debts (+€27,280) and Receivables within one year (+€26,705)
- Other debts +€27,280
up €27,280 (+236.2%), from €11,550 to €38,830
- Profit (loss) carried forward -€23,559
down €23,559 (-44.8%), from €52,622 to €29,063
- Tax, wage and social debts -€10,015
down €10,015 (-73.9%), from €13,544 to €3,529
- Trade debts -€4,209
down €4,209 (-93.4%), from €4,507 to €298
- Gross operating margin -€53,295
down €53,295 (-78.7%), from €67,741 to €14,447
- Write-downs +€30,000
new in 2025: €30,000
- Taxes -€13,544
down €13,544 (-100.0%), from €13,544 to €0
- Depreciation +€3,464
up €3,464 (+259.8%), from €1,333 to €4,798
- Other operating charges +€3,005
new in 2025: €3,005
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 | €84,223 | €73,721 | -€10,502 | -12.5% |
| Formation expenses | 20 | €1,108 | €0 | -€1,108 | -100.0% |
| Fixed assets | 21/28 | €2,667 | €18,977 | +€16,311 | +611.6% |
| Tangible fixed assets | 22/27 | €2,667 | €18,977 | +€16,311 | +611.6% |
| Furniture and vehicles | 24 | €2,667 | €18,977 | +€16,311 | +611.6% |
| Current assets | 29/58 | €80,448 | €54,744 | -€25,705 | -32.0% |
| Amounts receivable within one year | 40/41 | €71,448 | €44,744 | -€26,705 | -37.4% |
| Trade receivables | 40 | €20,520 | €44,744 | +€24,224 | +118.1% |
| Other amounts receivable | 41 | €50,929 | €0 | -€50,929 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,000 | €10,000 | +€1,000 | +11.1% |
| Total equity and liabilities | 10/49 | €84,223 | €73,721 | -€10,502 | -12.5% |
| Equity | 10/15 | €54,622 | €31,063 | -€23,559 | -43.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,622 | €29,063 | -€23,559 | -44.8% |
| Amounts payable | 17/49 | €29,602 | €42,658 | +€13,057 | +44.1% |
| Amounts payable within one year | 42/48 | €29,602 | €42,658 | +€13,057 | +44.1% |
| Trade debts | 44 | €4,507 | €298 | -€4,209 | -93.4% |
| Suppliers | 440/4 | €4,507 | €298 | -€4,209 | -93.4% |
| Taxes, remuneration and social security | 45 | €13,544 | €3,529 | -€10,015 | -73.9% |
| Taxes | 450/3 | €13,544 | €3,529 | -€10,015 | -73.9% |
| Other amounts payable | 47/48 | €11,550 | €38,830 | +€27,280 | +236.2% |
| Remuneration, social security and pensions | 62 | - | €113 | +€113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,333 | €4,798 | +€3,464 | +259.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,000 | +€30,000 | |
| Other operating charges | 640/8 | - | €3,005 | +€3,005 | |
| Gross operating margin | 9900 | €67,741 | €14,447 | -€53,295 | -78.7% |
| Operating profit (loss) | 9901 | €66,408 | -€23,469 | -€89,877 | |
| Financial charges | 65/66B | €20 | €90 | +€70 | +340.5% |
| Recurring financial charges | 65 | €20 | €90 | +€70 | +340.5% |
| Profit (loss) for the period before taxes | 9903 | €66,388 | -€23,559 | -€89,946 | |
| Income taxes | 67/77 | €13,544 | €0 | -€13,544 | -100.0% |
| Profit (loss) for the period | 9904 | €52,843 | -€23,559 | -€76,402 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,843 | -€23,559 | -€76,402 |
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 3 October 2026 via checked.be.