BUFFL: 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.
BUFFL
Largest movements
- Receivables within one year -€107,716
down €107,716 (-28.3%), from €380,938 to €273,221
of which Trade receivables: -€103,707
- Deferred charges and accrued income -€80,196
down €80,196 (-71.6%), from €112,058 to €31,862
- Cash -€26,432
down €26,432 (-16.1%), from €163,969 to €137,537
mainly Investment in fixed assets (net) (-€298,089) and Debts after one year (-€214,260)
- Accrued charges and deferred income +€273,062
up €273,062 (+83.7%), from €326,213 to €599,274
- Debts after one year -€214,260
down €214,260 (-10.5%), from €2.1m to €1.8m
- Profit (loss) carried forward -€131,952
down €131,952 (-7.6%), from -€1.7m to -€1.9m
- Trade debts -€90,338
down €90,338 (-32.0%), from €281,998 to €191,660
- Current portion of long-term debt -€52,757
down €52,757 (-16.1%), from €327,017 to €274,260
- Staff costs -€398,689
down €398,689 (-38.1%), from €1.0m to €648,600
- Gross operating margin +€186,055
up €186,055 (+23.6%), from €786,920 to €972,975
- Depreciation +€38,117
up €38,117 (+14.4%), from €264,617 to €302,734
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 | €1,486,780 | €1,267,790 | -€218,990 | -14.7% |
| Fixed assets | 21/28 | €829,815 | €825,170 | -€4,645 | -0.6% |
| Intangible fixed assets | 21 | €824,266 | €820,480 | -€3,786 | -0.5% |
| Tangible fixed assets | 22/27 | €3,860 | €3,001 | -€859 | -22.2% |
| Plant, machinery and equipment | 23 | €3,860 | €3,001 | -€859 | -22.2% |
| Financial fixed assets | 28 | €1,690 | €1,690 | = | 0.0% |
| Current assets | 29/58 | €656,965 | €442,620 | -€214,345 | -32.6% |
| Amounts receivable within one year | 40/41 | €380,938 | €273,221 | -€107,716 | -28.3% |
| Trade receivables | 40 | €361,354 | €257,647 | -€103,707 | -28.7% |
| Other amounts receivable | 41 | €19,584 | €15,575 | -€4,009 | -20.5% |
| Cash at bank and in hand | 54/58 | €163,969 | €137,537 | -€26,432 | -16.1% |
| Deferred charges and accrued income | 490/1 | €112,058 | €31,862 | -€80,196 | -71.6% |
| Total equity and liabilities | 10/49 | €1,486,780 | €1,267,790 | -€218,990 | -14.7% |
| Equity | 10/15 | -€1,678,301 | -€1,810,253 | -€131,952 | -7.9% |
| Contributions | 10/11 | €56,603 | €56,603 | = | 0.0% |
| Reserves | 13 | €878 | €878 | = | 0.0% |
| Distributable reserves | 133 | €878 | €878 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,735,783 | -€1,867,734 | -€131,952 | -7.6% |
| Amounts payable | 17/49 | €3,165,081 | €3,078,043 | -€87,038 | -2.7% |
| Amounts payable after more than one year | 17 | €2,050,189 | €1,835,929 | -€214,260 | -10.5% |
| Financial debts | 170/4 | €2,050,189 | €1,835,929 | -€214,260 | -10.5% |
| Amounts payable within one year | 42/48 | €788,679 | €642,840 | -€145,839 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €327,017 | €274,260 | -€52,757 | -16.1% |
| Financial debts | 43 | €31,916 | €40,648 | +€8,732 | +27.4% |
| Credit institutions | 430/8 | €31,916 | €40,648 | +€8,732 | +27.4% |
| Trade debts | 44 | €281,998 | €191,660 | -€90,338 | -32.0% |
| Suppliers | 440/4 | €281,998 | €191,660 | -€90,338 | -32.0% |
| Taxes, remuneration and social security | 45 | €117,748 | €136,272 | +€18,523 | +15.7% |
| Taxes | 450/3 | €18,709 | €74,995 | +€56,285 | +300.8% |
| Remuneration and social security | 454/9 | €99,039 | €61,277 | -€37,762 | -38.1% |
| Other amounts payable | 47/48 | €30,000 | €0 | -€30,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €326,213 | €599,274 | +€273,062 | +83.7% |
| Non-recurring operating income | 76A | - | €92 | +€92 | |
| Remuneration, social security and pensions | 62 | €1,047,289 | €648,600 | -€398,689 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,617 | €302,734 | +€38,117 | +14.4% |
| Other operating charges | 640/8 | €342 | €367 | +€25 | +7.2% |
| Non-recurring operating charges | 66A | €3,611 | €405 | -€3,206 | -88.8% |
| Gross operating margin | 9900 | €786,920 | €972,975 | +€186,055 | +23.6% |
| Operating profit (loss) | 9901 | -€528,939 | €20,869 | +€549,808 | |
| Financial income | 75/76B | €39 | €27 | -€13 | -32.4% |
| Recurring financial income | 75 | €39 | €27 | -€13 | -32.4% |
| Financial charges | 65/66B | €156,223 | €156,747 | +€524 | +0.3% |
| Recurring financial charges | 65 | €156,223 | €156,747 | +€524 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€685,123 | -€135,852 | +€549,271 | +80.2% |
| Income taxes | 67/77 | -€528 | -€3,900 | -€3,372 | -638.0% |
| Profit (loss) for the period | 9904 | -€684,594 | -€131,952 | +€552,643 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€684,594 | -€131,952 | +€552,643 | +80.7% |
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 29 September 2026 via checked.be.