BUFFON: 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.
BUFFON
Largest movements
- Receivables within one year +€258,494
up €258,494 (+206.8%), from €124,986 to €383,480
of which Trade receivables: +€333,467
- Tangible fixed assets -€71,377
down €71,377 (-23.5%), from €303,656 to €232,279
of which Other tangible fixed assets: -€55,407
- Other debts +€101,494
up €101,494 (+185.1%), from €54,818 to €156,312
- Debts after one year -€96,855
down €96,855 (-69.9%), from €138,621 to €41,766
- Advances received +€93,874
new in 2024: €93,874
- Tax, wage and social debts +€77,718
up €77,718 (+30.2%), from €257,621 to €335,339
of which Remuneration and social security: +€56,349
- Profit (loss) carried forward +€27,071
up €27,071 (+62.6%), from -€43,225 to -€16,155
- Gross operating margin +€246,248
up €246,248 (+57.8%), from €425,889 to €672,136
- Write-downs +€115,634
new in 2024: €115,634
- Depreciation +€55,720
up €55,720 (+115.8%), from €48,126 to €103,847
- Staff costs -€15,102
down €15,102 (-4.9%), from €311,036 to €295,934
- Other operating charges +€8,686
up €8,686 (+125.0%), from €6,950 to €15,636
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €639,948 | €831,402 | +€191,454 | +29.9% |
| Formation expenses | 20 | €914 | €385 | -€529 | -57.9% |
| Fixed assets | 21/28 | €312,828 | €238,450 | -€74,377 | -23.8% |
| Intangible fixed assets | 21 | €5,047 | €2,047 | -€3,000 | -59.4% |
| Tangible fixed assets | 22/27 | €303,656 | €232,279 | -€71,377 | -23.5% |
| Land and buildings | 22 | €9,733 | €21,495 | +€11,762 | +120.9% |
| Plant, machinery and equipment | 23 | €46,094 | €33,411 | -€12,683 | -27.5% |
| Furniture and vehicles | 24 | €45,564 | €30,514 | -€15,050 | -33.0% |
| Other tangible fixed assets | 26 | €202,266 | €146,859 | -€55,407 | -27.4% |
| Financial fixed assets | 28 | €4,125 | €4,125 | = | 0.0% |
| Current assets | 29/58 | €326,206 | €592,566 | +€266,360 | +81.7% |
| Stocks and contracts in progress | 3 | €22,436 | €25,430 | +€2,995 | +13.3% |
| Stocks | 30/36 | €22,436 | €25,430 | +€2,995 | +13.3% |
| Amounts receivable within one year | 40/41 | €124,986 | €383,480 | +€258,494 | +206.8% |
| Trade receivables | 40 | €37,883 | €371,350 | +€333,467 | +880.2% |
| Other amounts receivable | 41 | €87,102 | €12,130 | -€74,972 | -86.1% |
| Cash at bank and in hand | 54/58 | €178,785 | €183,656 | +€4,871 | +2.7% |
| Total equity and liabilities | 10/49 | €639,948 | €831,402 | +€191,454 | +29.9% |
| Equity | 10/15 | €45,249 | €72,320 | +€27,071 | +59.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €38,474 | €38,474 | = | 0.0% |
| Distributable reserves | 133 | €38,474 | €38,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,225 | -€16,155 | +€27,071 | +62.6% |
| Amounts payable | 17/49 | €594,699 | €759,082 | +€164,383 | +27.6% |
| Amounts payable after more than one year | 17 | €138,621 | €41,766 | -€96,855 | -69.9% |
| Financial debts | 170/4 | €138,621 | €41,766 | -€96,855 | -69.9% |
| Amounts payable within one year | 42/48 | €456,078 | €717,316 | +€261,238 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €39,396 | €40,167 | +€771 | +2.0% |
| Financial debts | 43 | €211 | €0 | -€211 | -100.0% |
| Credit institutions | 430/8 | €211 | €0 | -€211 | -100.0% |
| Trade debts | 44 | €104,033 | €91,625 | -€12,408 | -11.9% |
| Suppliers | 440/4 | €104,033 | €91,625 | -€12,408 | -11.9% |
| Advances received on contracts in progress | 46 | - | €93,874 | +€93,874 | |
| Taxes, remuneration and social security | 45 | €257,621 | €335,339 | +€77,718 | +30.2% |
| Taxes | 450/3 | €250,297 | €271,666 | +€21,369 | +8.5% |
| Remuneration and social security | 454/9 | €7,324 | €63,673 | +€56,349 | +769.4% |
| Other amounts payable | 47/48 | €54,818 | €156,312 | +€101,494 | +185.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €311,036 | €295,934 | -€15,102 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,126 | €103,847 | +€55,720 | +115.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €115,634 | +€115,634 | |
| Other operating charges | 640/8 | €6,950 | €15,636 | +€8,686 | +125.0% |
| Non-recurring operating charges | 66A | €0 | €96,799 | +€96,799 | |
| Gross operating margin | 9900 | €425,889 | €672,136 | +€246,248 | +57.8% |
| Operating profit (loss) | 9901 | €59,776 | €44,287 | -€15,489 | -25.9% |
| Financial income | 75/76B | €0 | €181 | +€181 | |
| Recurring financial income | 75 | €0 | €181 | +€181 | |
| Financial charges | 65/66B | €4,039 | €6,361 | +€2,323 | +57.5% |
| Recurring financial charges | 65 | €4,039 | €6,361 | +€2,323 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €55,738 | €38,107 | -€17,631 | -31.6% |
| Income taxes | 67/77 | €17,264 | €11,036 | -€6,227 | -36.1% |
| Profit (loss) for the period | 9904 | €38,474 | €27,071 | -€11,403 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,474 | €27,071 | -€11,403 | -29.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.