BUFFEL-LEFRANC: 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.
BUFFEL-LEFRANC
Largest movements
- Stocks and contracts +€122,455
up €122,455 (+15.7%), from €781,176 to €903,631
- Receivables within one year -€34,350
down €34,350 (-32.9%), from €104,451 to €70,100
of which Other amounts receivable: -€49,586
- Tangible fixed assets -€14,818
down €14,818 (-22.5%), from €65,825 to €51,007
of which Other tangible fixed assets: -€10,706
- Reserves +€75,053
up €75,053 (+13.4%), from €562,010 to €637,063
of which Distributable reserves: +€75,053
- Profit (loss) carried forward -€23,000
down €23,000 (-20.1%), from €114,577 to €91,577
- Other debts +€18,108
up €18,108 (+27.2%), from €66,615 to €84,723
- Tax, wage and social debts +€11,155
up €11,155 (+34.3%), from €32,519 to €43,674
- Depreciation -€9,099
down €9,099 (-37.6%), from €24,229 to €15,130
- Taxes +€2,819
up €2,819 (+4.4%), from €64,570 to €67,389
- Gross operating margin -€2,691
down €2,691 (-1.2%), from €224,188 to €221,497
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 | €1,031,674 | €1,095,835 | +€64,161 | +6.2% |
| Fixed assets | 21/28 | €66,439 | €51,308 | -€15,130 | -22.8% |
| Intangible fixed assets | 21 | €614 | €301 | -€313 | -50.9% |
| Tangible fixed assets | 22/27 | €65,825 | €51,007 | -€14,818 | -22.5% |
| Plant, machinery and equipment | 23 | €22,965 | €18,853 | -€4,112 | -17.9% |
| Other tangible fixed assets | 26 | €42,860 | €32,154 | -€10,706 | -25.0% |
| Current assets | 29/58 | €965,235 | €1,044,527 | +€79,292 | +8.2% |
| Stocks and contracts in progress | 3 | €781,176 | €903,631 | +€122,455 | +15.7% |
| Stocks | 30/36 | €781,176 | €903,631 | +€122,455 | +15.7% |
| Amounts receivable within one year | 40/41 | €104,451 | €70,100 | -€34,350 | -32.9% |
| Trade receivables | 40 | €51,413 | €66,648 | +€15,235 | +29.6% |
| Other amounts receivable | 41 | €53,038 | €3,452 | -€49,586 | -93.5% |
| Cash at bank and in hand | 54/58 | €77,358 | €67,939 | -€9,418 | -12.2% |
| Deferred charges and accrued income | 490/1 | €2,250 | €2,856 | +€606 | +26.9% |
| Total equity and liabilities | 10/49 | €1,031,674 | €1,095,835 | +€64,161 | +6.2% |
| Equity | 10/15 | €840,187 | €892,240 | +€52,053 | +6.2% |
| Contributions | 10/11 | €163,600 | €163,600 | = | 0.0% |
| Reserves | 13 | €562,010 | €637,063 | +€75,053 | +13.4% |
| Non-distributable reserves | 130/1 | €16,360 | €16,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,360 | €16,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €503,550 | €578,603 | +€75,053 | +14.9% |
| Profit (loss) carried forward | 14 | €114,577 | €91,577 | -€23,000 | -20.1% |
| Amounts payable | 17/49 | €191,487 | €203,595 | +€12,108 | +6.3% |
| Amounts payable after more than one year | 17 | €39,704 | €29,386 | -€10,317 | -26.0% |
| Financial debts | 170/4 | €39,704 | €29,386 | -€10,317 | -26.0% |
| Amounts payable within one year | 42/48 | €151,784 | €174,209 | +€22,425 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €12,325 | €10,317 | -€2,007 | -16.3% |
| Financial debts | 43 | €16,272 | €16,279 | +€7 | 0.0% |
| Other loans | 439 | €16,272 | €16,279 | +€7 | 0.0% |
| Trade debts | 44 | €24,053 | €19,215 | -€4,838 | -20.1% |
| Suppliers | 440/4 | €24,053 | €19,215 | -€4,838 | -20.1% |
| Taxes, remuneration and social security | 45 | €32,519 | €43,674 | +€11,155 | +34.3% |
| Taxes | 450/3 | €32,519 | €43,674 | +€11,155 | +34.3% |
| Other amounts payable | 47/48 | €66,615 | €84,723 | +€18,108 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,229 | €15,130 | -€9,099 | -37.6% |
| Other operating charges | 640/8 | €3,464 | €3,217 | -€246 | -7.1% |
| Gross operating margin | 9900 | €224,188 | €221,497 | -€2,691 | -1.2% |
| Operating profit (loss) | 9901 | €196,495 | €203,149 | +€6,654 | +3.4% |
| Financial income | 75/76B | €3,712 | €3,847 | +€135 | +3.6% |
| Recurring financial income | 75 | €3,712 | €3,847 | +€135 | +3.6% |
| Financial charges | 65/66B | €2,974 | €2,831 | -€144 | -4.8% |
| Recurring financial charges | 65 | €2,974 | €2,831 | -€144 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €197,233 | €204,166 | +€6,933 | +3.5% |
| Income taxes | 67/77 | €64,570 | €67,389 | +€2,819 | +4.4% |
| Profit (loss) for the period | 9904 | €132,662 | €136,777 | +€4,115 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €132,662 | €136,777 | +€4,115 | +3.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.