BUFFIN & FILS: 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.
BUFFIN & FILS
Largest movements
- Receivables within one year -€55,463
no longer reported in 2025 (was €55,463)
of which Trade receivables: -€46,618
- Tangible fixed assets +€53,934
up €53,934 (+56.3%), from €95,860 to €149,794
of which Plant, machinery and equipment: +€69,261
- Stocks and contracts -€14,954
down €14,954 (-16.1%), from €92,658 to €77,704
- Cash -€3,942
down €3,942 (-20.8%), from €18,966 to €15,024
mainly Investment in fixed assets (net) (-€93,743) and Net result for the year (-€80,106)
- Debts after one year +€130,694
up €130,694 (+437%), from €29,922 to €160,616
of which Other amounts payable: +€95,747
- Profit (loss) carried forward -€80,106
down €80,106 (-235%), from -€34,025 to -€114,130
- Other debts -€52,931
no longer reported in 2025 (was €52,931)
- Trade debts -€25,608
down €25,608 (-78.0%), from €32,832 to €7,224
- Current portion of long-term debt +€9,950
up €9,950 (+63.7%), from €15,624 to €25,574
- Gross operating margin -€49,046
down €49,046 (-40.5%), from €121,142 to €72,096
- Depreciation +€15,350
up €15,350 (+62.8%), from €24,459 to €39,810
- Staff costs -€13,832
down €13,832 (-11.4%), from €120,960 to €107,128
- Financial charges +€2,863
up €2,863 (+324%), from €883 to €3,747
of which Financial charges: +€2,897
- Other operating charges -€2,816
down €2,816 (-69.8%), from €4,038 to €1,221
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 | €262,948 | €242,522 | -€20,426 | -7.8% |
| Fixed assets | 21/28 | €95,860 | €149,794 | +€53,934 | +56.3% |
| Tangible fixed assets | 22/27 | €95,860 | €149,794 | +€53,934 | +56.3% |
| Plant, machinery and equipment | 23 | €42,636 | €111,898 | +€69,261 | +162% |
| Furniture and vehicles | 24 | €53,224 | €37,896 | -€15,328 | -28.8% |
| Current assets | 29/58 | €167,088 | €92,728 | -€74,360 | -44.5% |
| Stocks and contracts in progress | 3 | €92,658 | €77,704 | -€14,954 | -16.1% |
| Stocks | 30/36 | €92,658 | €77,704 | -€14,954 | -16.1% |
| Amounts receivable within one year | 40/41 | €55,463 | - | -€55,463 | |
| Trade receivables | 40 | €46,618 | - | -€46,618 | |
| Other amounts receivable | 41 | €8,845 | - | -€8,845 | |
| Cash at bank and in hand | 54/58 | €18,966 | €15,024 | -€3,942 | -20.8% |
| Total equity and liabilities | 10/49 | €262,948 | €242,522 | -€20,426 | -7.8% |
| Equity | 10/15 | €113,681 | €33,575 | -€80,106 | -70.5% |
| Contributions | 10/11 | €52,440 | €52,440 | = | 0.0% |
| Reserves | 13 | €95,266 | €95,266 | = | 0.0% |
| Distributable reserves | 133 | €95,266 | €95,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,025 | -€114,130 | -€80,106 | -235% |
| Amounts payable | 17/49 | €149,267 | €208,947 | +€59,679 | +40.0% |
| Amounts payable after more than one year | 17 | €29,922 | €160,616 | +€130,694 | +437% |
| Financial debts | 170/4 | €29,922 | €64,869 | +€34,948 | +117% |
| Other amounts payable | 178/9 | - | €95,747 | +€95,747 | |
| Amounts payable within one year | 42/48 | €118,958 | €48,331 | -€70,627 | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €15,624 | €25,574 | +€9,950 | +63.7% |
| Trade debts | 44 | €32,832 | €7,224 | -€25,608 | -78.0% |
| Suppliers | 440/4 | €32,832 | €7,224 | -€25,608 | -78.0% |
| Taxes, remuneration and social security | 45 | €17,571 | €15,533 | -€2,039 | -11.6% |
| Taxes | 450/3 | €2,741 | €3,188 | +€447 | +16.3% |
| Remuneration and social security | 454/9 | €14,831 | €12,345 | -€2,486 | -16.8% |
| Other amounts payable | 47/48 | €52,931 | - | -€52,931 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Remuneration, social security and pensions | 62 | €120,960 | €107,128 | -€13,832 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,459 | €39,810 | +€15,350 | +62.8% |
| Other operating charges | 640/8 | €4,038 | €1,221 | -€2,816 | -69.8% |
| Gross operating margin | 9900 | €121,142 | €72,096 | -€49,046 | -40.5% |
| Operating profit (loss) | 9901 | -€28,315 | -€76,063 | -€47,748 | -169% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €883 | €3,747 | +€2,863 | +324% |
| Recurring financial charges | 65 | €699 | €3,597 | +€2,897 | +414% |
| Non-recurring financial charges | 66B | €184 | €150 | -€34 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,199 | -€79,782 | -€50,584 | -173% |
| Income taxes | 67/77 | €176 | €323 | +€148 | +84.2% |
| Profit (loss) for the period | 9904 | -€29,374 | -€80,106 | -€50,731 | -173% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,374 | -€80,106 | -€50,731 | -173% |
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 30 October 2026 via checked.be.