Buffel Works: 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 Works
Largest movements
- Tangible fixed assets +€31,246
up €31,246 (+178%), from €17,559 to €48,805
of which Furniture and vehicles: +€32,657
- Cash -€20,964
down €20,964 (-67.4%), from €31,127 to €10,162
mainly Investment in fixed assets (net) (-€41,816) and Receivables within one year (-€1,574)
- Receivables within one year +€1,574
up €1,574 (+8.7%), from €18,011 to €19,585
of which Other amounts receivable: +€1,000
- Reserves +€10,727
up €10,727 (+18.2%), from €58,934 to €69,661
- Tax, wage and social debts +€906
up €906 (+28.3%), from €3,200 to €4,106
- Other debts +€873
up €873 (+50.4%), from €1,733 to €2,607
- Gross operating margin -€5,300
down €5,300 (-17.4%), from €30,529 to €25,229
- Depreciation +€2,404
up €2,404 (+29.4%), from €8,167 to €10,571
- Taxes -€1,532
down €1,532 (-33.8%), from €4,534 to €3,003
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 | €67,123 | €78,946 | +€11,823 | +17.6% |
| Fixed assets | 21/28 | €17,559 | €48,805 | +€31,246 | +178% |
| Tangible fixed assets | 22/27 | €17,559 | €48,805 | +€31,246 | +178% |
| Plant, machinery and equipment | 23 | €12,686 | €11,275 | -€1,411 | -11.1% |
| Furniture and vehicles | 24 | €4,873 | €37,530 | +€32,657 | +670% |
| Current assets | 29/58 | €49,564 | €30,141 | -€19,422 | -39.2% |
| Amounts receivable within one year | 40/41 | €18,011 | €19,585 | +€1,574 | +8.7% |
| Trade receivables | 40 | €18,011 | €18,585 | +€574 | +3.2% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €31,127 | €10,162 | -€20,964 | -67.4% |
| Deferred charges and accrued income | 490/1 | €426 | €394 | -€32 | -7.5% |
| Total equity and liabilities | 10/49 | €67,123 | €78,946 | +€11,823 | +17.6% |
| Equity | 10/15 | €61,434 | €72,161 | +€10,727 | +17.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €58,934 | €69,661 | +€10,727 | +18.2% |
| Distributable reserves | 133 | €58,934 | €69,661 | +€10,727 | +18.2% |
| Amounts payable | 17/49 | €5,689 | €6,786 | +€1,097 | +19.3% |
| Amounts payable within one year | 42/48 | €5,689 | €6,786 | +€1,097 | +19.3% |
| Trade debts | 44 | €756 | €73 | -€683 | -90.4% |
| Suppliers | 440/4 | €756 | €73 | -€683 | -90.4% |
| Taxes, remuneration and social security | 45 | €3,200 | €4,106 | +€906 | +28.3% |
| Taxes | 450/3 | €3,200 | €4,106 | +€906 | +28.3% |
| Other amounts payable | 47/48 | €1,733 | €2,607 | +€873 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,167 | €10,571 | +€2,404 | +29.4% |
| Other operating charges | 640/8 | €833 | €855 | +€22 | +2.6% |
| Gross operating margin | 9900 | €30,529 | €25,229 | -€5,300 | -17.4% |
| Operating profit (loss) | 9901 | €21,529 | €13,804 | -€7,725 | -35.9% |
| Financial charges | 65/66B | €76 | €75 | -€1 | -1.6% |
| Recurring financial charges | 65 | €76 | €75 | -€1 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €21,453 | €13,729 | -€7,724 | -36.0% |
| Income taxes | 67/77 | €4,534 | €3,003 | -€1,532 | -33.8% |
| Profit (loss) for the period | 9904 | €16,919 | €10,727 | -€6,192 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,919 | €10,727 | -€6,192 | -36.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.