BUF Distribution: 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.
BUF Distribution
Largest movements
- Stocks and contracts +€483,932
up €483,932 (+214.7%), from €225,385 to €709,316
- Receivables within one year +€121,208
up €121,208 (+96.0%), from €126,261 to €247,469
of which Trade receivables: +€128,168
- Short-term financial debts +€501,676
new in 2025: €501,676
- Other debts +€136,302
up €136,302, from €0 to €136,302
- Trade debts -€44,703
down €44,703 (-55.0%), from €81,287 to €36,584
- Tax, wage and social debts +€11,480
up €11,480, from €0 to €11,480
- Financial charges +€24,881
up €24,881 (+1524.3%), from €1,632 to €26,514
- Gross operating margin +€8,082
up €8,082 (+47.3%), from €17,083 to €25,165
- Other operating charges +€2,869
up €2,869 (+111.5%), from €2,573 to €5,442
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 | €357,314 | €958,832 | +€601,517 | +168.3% |
| Current assets | 29/58 | €357,314 | €958,832 | +€601,517 | +168.3% |
| Stocks and contracts in progress | 3 | €225,385 | €709,316 | +€483,932 | +214.7% |
| Stocks | 30/36 | €225,385 | €709,316 | +€483,932 | +214.7% |
| Amounts receivable within one year | 40/41 | €126,261 | €247,469 | +€121,208 | +96.0% |
| Trade receivables | 40 | €114,301 | €242,469 | +€128,168 | +112.1% |
| Other amounts receivable | 41 | €11,960 | €5,000 | -€6,960 | -58.2% |
| Cash at bank and in hand | 54/58 | €5,273 | €1,649 | -€3,624 | -68.7% |
| Deferred charges and accrued income | 490/1 | €395 | €397 | +€2 | +0.4% |
| Total equity and liabilities | 10/49 | €357,314 | €958,832 | +€601,517 | +168.3% |
| Equity | 10/15 | €276,027 | €269,625 | -€6,402 | -2.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,477 | €251,075 | -€6,402 | -2.5% |
| Amounts payable | 17/49 | €81,287 | €689,207 | +€607,920 | +747.9% |
| Amounts payable within one year | 42/48 | €81,287 | €686,042 | +€604,755 | +744.0% |
| Financial debts | 43 | - | €501,676 | +€501,676 | |
| Credit institutions | 430/8 | - | €501,676 | +€501,676 | |
| Trade debts | 44 | €81,287 | €36,584 | -€44,703 | -55.0% |
| Suppliers | 440/4 | €81,287 | €36,584 | -€44,703 | -55.0% |
| Taxes, remuneration and social security | 45 | €0 | €11,480 | +€11,480 | |
| Taxes | 450/3 | €0 | €11,480 | +€11,480 | |
| Other amounts payable | 47/48 | €0 | €136,302 | +€136,302 | |
| Accrued charges and deferred income | 492/3 | - | €3,165 | +€3,165 | |
| Other operating charges | 640/8 | €2,573 | €5,442 | +€2,869 | +111.5% |
| Gross operating margin | 9900 | €17,083 | €25,165 | +€8,082 | +47.3% |
| Operating profit (loss) | 9901 | €14,510 | €19,724 | +€5,214 | +35.9% |
| Financial income | 75/76B | €438 | €388 | -€51 | -11.6% |
| Recurring financial income | 75 | €438 | €388 | -€51 | -11.6% |
| Financial charges | 65/66B | €1,632 | €26,514 | +€24,881 | +1524.3% |
| Recurring financial charges | 65 | €1,632 | €26,514 | +€24,881 | +1524.3% |
| Profit (loss) for the period before taxes | 9903 | €13,316 | -€6,402 | -€19,718 | |
| Profit (loss) for the period | 9904 | €13,316 | -€6,402 | -€19,718 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,316 | -€6,402 | -€19,718 |
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.