BUEDTS PROJECTS: 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.
BUEDTS PROJECTS
Largest movements
- Tangible fixed assets -€16,111
down €16,111 (-25.3%), from €63,564 to €47,453
of which Leasing and similar rights: -€11,103
- Cash +€8,879
up €8,879 (+145.9%), from €6,084 to €14,963
mainly Depreciation (+€21,807) and Other debts (+€19,632)
- Receivables within one year -€1,216
down €1,216 (-10.2%), from €11,899 to €10,684
- Other debts +€19,632
up €19,632 (+46.8%), from €41,921 to €61,553
- Profit (loss) carried forward -€11,898
down €11,898 (-100.0%), from €11,898 to €0
- Debts after one year -€9,454
down €9,454 (-100.0%), from €9,454 to €0
- Current portion of long-term debt -€8,421
down €8,421 (-47.1%), from €17,875 to €9,454
- Tax, wage and social debts +€1,741
up €1,741 (+53.5%), from €3,252 to €4,993
- Gross operating margin +€2,019
up €2,019 (+5.0%), from €40,147 to €42,166
- Depreciation -€2,017
down €2,017 (-8.5%), from €23,824 to €21,807
- Taxes +€1,057
up €1,057 (+30.9%), from €3,414 to €4,471
- Other operating charges +€670
up €670 (+31.3%), from €2,138 to €2,807
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 | €88,833 | €80,583 | -€8,250 | -9.3% |
| Fixed assets | 21/28 | €63,564 | €47,453 | -€16,111 | -25.3% |
| Tangible fixed assets | 22/27 | €63,564 | €47,453 | -€16,111 | -25.3% |
| Plant, machinery and equipment | 23 | €30,561 | €23,745 | -€6,816 | -22.3% |
| Furniture and vehicles | 24 | €3,436 | €5,243 | +€1,808 | +52.6% |
| Leasing and similar rights | 25 | €29,568 | €18,465 | -€11,103 | -37.6% |
| Current assets | 29/58 | €25,269 | €33,130 | +€7,862 | +31.1% |
| Stocks and contracts in progress | 3 | €2,263 | €2,302 | +€39 | +1.7% |
| Stocks | 30/36 | €2,263 | €2,302 | +€39 | +1.7% |
| Amounts receivable within one year | 40/41 | €11,899 | €10,684 | -€1,216 | -10.2% |
| Trade receivables | 40 | €11,899 | €10,684 | -€1,216 | -10.2% |
| Cash at bank and in hand | 54/58 | €6,084 | €14,963 | +€8,879 | +145.9% |
| Deferred charges and accrued income | 490/1 | €5,022 | €5,181 | +€159 | +3.2% |
| Total equity and liabilities | 10/49 | €88,833 | €80,583 | -€8,250 | -9.3% |
| Equity | 10/15 | €14,000 | €2,102 | -€11,898 | -85.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €102 | €102 | = | 0.0% |
| Tax-exempt reserves | 132 | €102 | €102 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,898 | €0 | -€11,898 | -100.0% |
| Amounts payable | 17/49 | €74,833 | €78,481 | +€3,648 | +4.9% |
| Amounts payable after more than one year | 17 | €9,454 | €0 | -€9,454 | -100.0% |
| Financial debts | 170/4 | €9,454 | €0 | -€9,454 | -100.0% |
| Amounts payable within one year | 42/48 | €65,379 | €78,481 | +€13,102 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €17,875 | €9,454 | -€8,421 | -47.1% |
| Trade debts | 44 | €2,331 | €2,481 | +€150 | +6.4% |
| Suppliers | 440/4 | €2,331 | €2,481 | +€150 | +6.4% |
| Taxes, remuneration and social security | 45 | €3,252 | €4,993 | +€1,741 | +53.5% |
| Taxes | 450/3 | €3,252 | €4,993 | +€1,741 | +53.5% |
| Other amounts payable | 47/48 | €41,921 | €61,553 | +€19,632 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,824 | €21,807 | -€2,017 | -8.5% |
| Other operating charges | 640/8 | €2,138 | €2,807 | +€670 | +31.3% |
| Gross operating margin | 9900 | €40,147 | €42,166 | +€2,019 | +5.0% |
| Operating profit (loss) | 9901 | €14,185 | €17,552 | +€3,367 | +23.7% |
| Financial income | 75/76B | €0 | €3 | +€2 | +619.4% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +619.4% |
| Financial charges | 65/66B | €643 | €554 | -€89 | -13.9% |
| Recurring financial charges | 65 | €643 | €554 | -€89 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €13,543 | €17,001 | +€3,458 | +25.5% |
| Income taxes | 67/77 | €3,414 | €4,471 | +€1,057 | +30.9% |
| Profit (loss) for the period | 9904 | €10,129 | €12,530 | +€2,401 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,129 | €12,530 | +€2,401 | +23.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.