BUFINCO: 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.
BUFINCO
Largest movements
- Receivables within one year +€122,213
up €122,213 (+43.8%), from €279,063 to €401,276
of which Other amounts receivable: +€114,170
- Cash -€117,229
down €117,229 (-24.7%), from €474,021 to €356,791
mainly Receivables within one year (-€122,213) and Deferred charges and accrued income (-€41,180)
- Tangible fixed assets -€85,784
down €85,784 (-49.6%), from €172,950 to €87,167
of which Furniture and vehicles: -€60,981
- Deferred charges and accrued income +€41,180
up €41,180 (+46.0%), from €89,520 to €130,700
- Reserves +€49,374
up €49,374 (+10.9%), from €454,885 to €504,259
of which Distributable reserves: +€49,374
- Tax, wage and social debts -€30,366
down €30,366 (-77.0%), from €39,431 to €9,065
- Gross operating margin -€130,014
down €130,014 (-46.5%), from €279,490 to €149,476
- Financial income -€78,217
down €78,217 (-65.3%), from €119,848 to €41,631
- Depreciation -€35,296
down €35,296 (-29.2%), from €121,080 to €85,784
- Taxes -€25,317
down €25,317 (-60.0%), from €42,175 to €16,858
- Other operating charges +€4,276
up €4,276 (+222.3%), from €1,924 to €6,200
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 | €3,011,625 | €2,972,005 | -€39,620 | -1.3% |
| Fixed assets | 21/28 | €2,169,022 | €2,083,238 | -€85,784 | -4.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €172,950 | €87,167 | -€85,784 | -49.6% |
| Plant, machinery and equipment | 23 | €49,992 | €25,189 | -€24,802 | -49.6% |
| Furniture and vehicles | 24 | €122,959 | €61,978 | -€60,981 | -49.6% |
| Financial fixed assets | 28 | €1,996,072 | €1,996,072 | = | 0.0% |
| Current assets | 29/58 | €842,603 | €888,767 | +€46,164 | +5.5% |
| Amounts receivable within one year | 40/41 | €279,063 | €401,276 | +€122,213 | +43.8% |
| Trade receivables | 40 | €148,908 | €156,951 | +€8,043 | +5.4% |
| Other amounts receivable | 41 | €130,155 | €244,325 | +€114,170 | +87.7% |
| Cash at bank and in hand | 54/58 | €474,021 | €356,791 | -€117,229 | -24.7% |
| Deferred charges and accrued income | 490/1 | €89,520 | €130,700 | +€41,180 | +46.0% |
| Total equity and liabilities | 10/49 | €3,011,625 | €2,972,005 | -€39,620 | -1.3% |
| Equity | 10/15 | €1,954,885 | €2,004,259 | +€49,374 | +2.5% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €454,885 | €504,259 | +€49,374 | +10.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €454,885 | €504,259 | +€49,374 | +10.9% |
| Amounts payable | 17/49 | €1,056,740 | €967,746 | -€88,994 | -8.4% |
| Amounts payable after more than one year | 17 | €915,372 | €900,000 | -€15,372 | -1.7% |
| Financial debts | 170/4 | €915,372 | €900,000 | -€15,372 | -1.7% |
| Amounts payable within one year | 42/48 | €93,988 | €36,246 | -€57,742 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €15,372 | €15,372 | +€0 | 0.0% |
| Trade debts | 44 | €39,185 | €11,808 | -€27,377 | -69.9% |
| Suppliers | 440/4 | €39,185 | €11,808 | -€27,377 | -69.9% |
| Taxes, remuneration and social security | 45 | €39,431 | €9,065 | -€30,366 | -77.0% |
| Taxes | 450/3 | €39,431 | €9,065 | -€30,366 | -77.0% |
| Accrued charges and deferred income | 492/3 | €47,379 | €31,500 | -€15,879 | -33.5% |
| Non-recurring operating income | 76A | €30,520 | €22,223 | -€8,296 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,080 | €85,784 | -€35,296 | -29.2% |
| Other operating charges | 640/8 | €1,924 | €6,200 | +€4,276 | +222.3% |
| Gross operating margin | 9900 | €279,490 | €149,476 | -€130,014 | -46.5% |
| Operating profit (loss) | 9901 | €156,486 | €57,493 | -€98,993 | -63.3% |
| Financial income | 75/76B | €119,848 | €41,631 | -€78,217 | -65.3% |
| Recurring financial income | 75 | €119,848 | €41,631 | -€78,217 | -65.3% |
| Financial charges | 65/66B | €32,636 | €32,891 | +€256 | +0.8% |
| Recurring financial charges | 65 | €32,636 | €32,891 | +€256 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €243,699 | €66,232 | -€177,467 | -72.8% |
| Income taxes | 67/77 | €42,175 | €16,858 | -€25,317 | -60.0% |
| Profit (loss) for the period | 9904 | €201,524 | €49,374 | -€152,150 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €201,524 | €49,374 | -€152,150 | -75.5% |
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.