BUFIGES: 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.
BUFIGES
Largest movements
- Cash -€732,428
down €732,428 (-64.9%), from €1.1m to €396,743
mainly Contributions, distributions and other (-€8.0m) and Current investments (-€146,051)
- Reserves -€645,000
down €645,000 (-5.4%), from €11.9m to €11.3m
- Financial income +€1.8m
up €1.8m (+31.7%), from €5.6m to €7.3m
- Financial charges +€159,343
up €159,343, from -€140,507 to €18,836
- Taxes +€65,791
up €65,791 (+131.3%), from €50,111 to €115,902
- Gross operating margin +€45,904
up €45,904 (+11.8%), from €388,127 to €434,031
- Staff costs -€14,014
down €14,014 (-5.6%), from €251,251 to €237,238
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 | €20,816,920 | €20,225,183 | -€591,737 | -2.8% |
| Fixed assets | 21/28 | €9,550,191 | €9,547,573 | -€2,618 | 0.0% |
| Tangible fixed assets | 22/27 | €2,500 | €0 | -€2,500 | -100.0% |
| Furniture and vehicles | 24 | €2,500 | €0 | -€2,500 | -100.0% |
| Financial fixed assets | 28 | €9,547,691 | €9,547,573 | -€118 | 0.0% |
| Current assets | 29/58 | €11,266,729 | €10,677,610 | -€589,119 | -5.2% |
| Amounts receivable within one year | 40/41 | €6,762,183 | €6,760,370 | -€1,813 | 0.0% |
| Trade receivables | 40 | €220,095 | €234,935 | +€14,840 | +6.7% |
| Other amounts receivable | 41 | €6,542,088 | €6,525,436 | -€16,653 | -0.3% |
| Current investments | 50/53 | €3,371,835 | €3,517,887 | +€146,051 | +4.3% |
| Cash at bank and in hand | 54/58 | €1,129,171 | €396,743 | -€732,428 | -64.9% |
| Deferred charges and accrued income | 490/1 | €3,540 | €2,610 | -€929 | -26.3% |
| Total equity and liabilities | 10/49 | €20,816,920 | €20,225,183 | -€591,737 | -2.8% |
| Equity | 10/15 | €13,718,154 | €13,072,826 | -€645,328 | -4.7% |
| Contributions | 10/11 | €1,784,153 | €1,784,153 | = | 0.0% |
| Reserves | 13 | €11,933,395 | €11,288,395 | -€645,000 | -5.4% |
| Distributable reserves | 133 | €11,933,395 | €11,288,395 | -€645,000 | -5.4% |
| Profit (loss) carried forward | 14 | €606 | €279 | -€328 | -54.0% |
| Amounts payable | 17/49 | €7,098,767 | €7,152,357 | +€53,591 | +0.8% |
| Amounts payable within one year | 42/48 | €7,098,359 | €7,151,820 | +€53,461 | +0.8% |
| Trade debts | 44 | €43,919 | €60,622 | +€16,703 | +38.0% |
| Suppliers | 440/4 | €43,919 | €60,622 | +€16,703 | +38.0% |
| Taxes, remuneration and social security | 45 | €40,479 | €77,473 | +€36,994 | +91.4% |
| Taxes | 450/3 | €12,599 | €48,380 | +€35,782 | +284.0% |
| Remuneration and social security | 454/9 | €27,881 | €29,093 | +€1,212 | +4.3% |
| Other amounts payable | 47/48 | €7,013,960 | €7,013,724 | -€236 | 0.0% |
| Accrued charges and deferred income | 492/3 | €408 | €537 | +€130 | +31.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €251,251 | €237,238 | -€14,014 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,238 | €0 | -€5,238 | -100.0% |
| Other operating charges | 640/8 | €2,212 | €11,624 | +€9,411 | +425.4% |
| Gross operating margin | 9900 | €388,127 | €434,031 | +€45,904 | +11.8% |
| Operating profit (loss) | 9901 | €129,426 | €185,169 | +€55,744 | +43.1% |
| Financial income | 75/76B | €5,555,022 | €7,317,847 | +€1.8m | +31.7% |
| Recurring financial income | 75 | €5,555,022 | €7,317,847 | +€1.8m | +31.7% |
| Financial charges | 65/66B | -€140,507 | €18,836 | +€159,343 | |
| Recurring financial charges | 65 | -€140,507 | €18,836 | +€159,343 | |
| Profit (loss) for the period before taxes | 9903 | €5,824,954 | €7,484,180 | +€1.7m | +28.5% |
| Income taxes | 67/77 | €50,111 | €115,902 | +€65,791 | +131.3% |
| Profit (loss) for the period | 9904 | €5,774,843 | €7,368,278 | +€1.6m | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,774,843 | €7,368,278 | +€1.6m | +27.6% |
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 10 October 2026 via checked.be.