BUFFL'ARDENNE: 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.
BUFFL'ARDENNE
Largest movements
- Stocks and contracts +€24,784
up €24,784 (+2,285%), from €1,085 to €25,869
- Tangible fixed assets -€20,817
down €20,817 (-3.9%), from €530,226 to €509,409
of which Land and buildings: -€51,121
- Cash +€9,907
up €9,907 (+36.6%), from €27,067 to €36,974
mainly Net result for the year (+€123,380) and Depreciation (+€67,370)
- Profit (loss) carried forward +€123,380
up €123,380 (+32.9%), from -€374,620 to -€251,240
- Trade debts -€76,511
down €76,511 (-53.6%), from €142,797 to €66,286
- Debts after one year -€38,285
down €38,285 (-4.6%), from €840,279 to €801,994
- Current portion of long-term debt +€7,242
up €7,242 (+12.0%), from €60,273 to €67,515
- Gross operating margin +€92,660
up €92,660 (+44.7%), from €207,173 to €299,833
- Staff costs +€6,407
up €6,407 (+9.9%), from €64,789 to €71,196
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 | €695,304 | €713,027 | +€17,723 | +2.5% |
| Fixed assets | 21/28 | €533,260 | €512,443 | -€20,817 | -3.9% |
| Tangible fixed assets | 22/27 | €530,226 | €509,409 | -€20,817 | -3.9% |
| Land and buildings | 22 | €489,184 | €438,063 | -€51,121 | -10.5% |
| Plant, machinery and equipment | 23 | €40,727 | €42,063 | +€1,336 | +3.3% |
| Furniture and vehicles | 24 | €315 | €282 | -€33 | -10.5% |
| Leasing and similar rights | 25 | €0 | €29,001 | +€29,001 | |
| Financial fixed assets | 28 | €3,034 | €3,034 | = | 0.0% |
| Current assets | 29/58 | €162,045 | €200,584 | +€38,540 | +23.8% |
| Stocks and contracts in progress | 3 | €1,085 | €25,869 | +€24,784 | +2,285% |
| Stocks | 30/36 | €1,085 | €25,869 | +€24,784 | +2,285% |
| Amounts receivable within one year | 40/41 | €131,435 | €133,376 | +€1,941 | +1.5% |
| Trade receivables | 40 | €90,107 | €101,445 | +€11,337 | +12.6% |
| Other amounts receivable | 41 | €41,327 | €31,931 | -€9,396 | -22.7% |
| Cash at bank and in hand | 54/58 | €27,067 | €36,974 | +€9,907 | +36.6% |
| Deferred charges and accrued income | 490/1 | €2,458 | €4,366 | +€1,907 | +77.6% |
| Total equity and liabilities | 10/49 | €695,304 | €713,027 | +€17,723 | +2.5% |
| Equity | 10/15 | -€360,929 | -€237,548 | +€123,380 | +34.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,491 | €7,491 | = | 0.0% |
| Distributable reserves | 133 | €7,491 | €7,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€374,620 | -€251,240 | +€123,380 | +32.9% |
| Amounts payable | 17/49 | €1,056,233 | €950,576 | -€105,657 | -10.0% |
| Amounts payable after more than one year | 17 | €840,279 | €801,994 | -€38,285 | -4.6% |
| Financial debts | 170/4 | €840,279 | €801,994 | -€38,285 | -4.6% |
| Amounts payable within one year | 42/48 | €215,945 | €148,582 | -€67,363 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €60,273 | €67,515 | +€7,242 | +12.0% |
| Trade debts | 44 | €142,797 | €66,286 | -€76,511 | -53.6% |
| Suppliers | 440/4 | €142,797 | €66,286 | -€76,511 | -53.6% |
| Taxes, remuneration and social security | 45 | €10,599 | €12,478 | +€1,879 | +17.7% |
| Taxes | 450/3 | €1,852 | €1,557 | -€295 | -15.9% |
| Remuneration and social security | 454/9 | €8,747 | €10,921 | +€2,174 | +24.9% |
| Other amounts payable | 47/48 | €2,276 | €2,303 | +€27 | +1.2% |
| Accrued charges and deferred income | 492/3 | €9 | €0 | -€9 | -100% |
| Remuneration, social security and pensions | 62 | €64,789 | €71,196 | +€6,407 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,494 | €67,370 | -€1,124 | -1.6% |
| Other operating charges | 640/8 | €10,472 | €10,645 | +€173 | +1.7% |
| Non-recurring operating charges | 66A | €25,011 | €0 | -€25,011 | -100% |
| Gross operating margin | 9900 | €207,173 | €299,833 | +€92,660 | +44.7% |
| Operating profit (loss) | 9901 | €38,407 | €150,623 | +€112,215 | +292% |
| Financial income | 75/76B | €2,375 | €3,437 | +€1,062 | +44.7% |
| Recurring financial income | 75 | €2,375 | €2,611 | +€236 | +9.9% |
| Non-recurring financial income | 76B | - | €826 | +€826 | |
| Financial charges | 65/66B | €30,439 | €30,534 | +€95 | +0.3% |
| Recurring financial charges | 65 | €30,439 | €30,534 | +€95 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €10,343 | €123,526 | +€113,183 | +1,094% |
| Income taxes | 67/77 | €159 | €145 | -€13 | -8.5% |
| Profit (loss) for the period | 9904 | €10,184 | €123,380 | +€113,196 | +1,111% |
| Profit (loss) for the period to be appropriated | 9905 | €10,184 | €123,380 | +€113,196 | +1,111% |
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 20 October 2026 via checked.be.