Buga: 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.
What changed
Buga
NACE 46.712, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€853,251
2024 · €357,271+€495,980
Equity
€5.4m
2024 · €4.6m+€853,251
Cash
€426,397
2024 · €1.1m-€691,258
Balance sheet total
€26.0m
2024 · €25.4m+€509,062
Largest movements
Assets
- Tangible fixed assets +€1.9m
up €1.9m (+100%), from €1.9m to €3.8m
of which Land and buildings: +€2.8m
- Current investments -€1.2m
down €1.2m (-29.8%), from €4.1m to €2.9m
- Cash -€691,258
down €691,258 (-61.8%), from €1.1m to €426,397
mainly Investment in fixed assets (net) (-€2.6m) and Trade debts (-€1.6m)
- Financial fixed assets +€553,096
up €553,096 (+13.4%), from €4.1m to €4.7m
of which Affiliated companies: +€571,451
Equity and liabilities
- Trade debts -€1.6m
down €1.6m (-42.1%), from €3.7m to €2.1m
- Debts after one year +€921,510
up €921,510 (+64.4%), from €1.4m to €2.4m
of which Financial debts: +€921,510
- Profit (loss) carried forward +€853,251
up €853,251 (+21.6%), from €3.9m to €4.8m
- Other debts +€638,026
up €638,026 (+16.9%), from €3.8m to €4.4m
- Advances received -€326,876
down €326,876 (-3.0%), from €10.9m to €10.6m
Income statement
- Goods and materials +€1.7m
up €1.7m (+10.1%), from €17.1m to €18.8m
of which Change in stocks: decrease (increase): +€2.4m
- Turnover +€1.6m
up €1.6m (+8.1%), from €20.1m to €21.7m
- Financial income +€560,002
up €560,002 (+765%), from €73,164 to €633,166
of which Non-recurring financial income: +€571,451
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.
Result 2024
€357,271
Turnover
+€1.6m
Other operating income
-€56,680
Goods and materials
-€1.7m
Services and other goods
+€135,423
Staff costs
-€8,620
Depreciation
-€40,775
Write-downs
-€11,863
Provisions
-€12,680
Other operating charges
+€6,237
Other operating items
+€2,337
Financial income
+€560,002
Financial charges
-€29,020
Taxes
+€43,931
Result 2025
€853,251
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€288,495
Investment
-€1.4m
Financing
+€959,687
Cash 2024
€1.1m
From operations (derived)
-€288,495
Net result for the year
+€853,251
Depreciation
+€137,518
Stocks and contracts
+€114,638
Receivables within one year
-€94,234
Deferred charges and accrued income
+€4,208
Provisions
-€22,289
Trade debts
-€1.6m
Tax, wage and social debts
+€42,717
Advances received
-€326,876
Other debts
+€638,026
Accrued charges and deferred income
-€76,786
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€2.6m
Current investments
+€1.2m
Financing
+€959,687
Debts after one year
+€921,510
Current portion of long-term debt
+€38,492
Short-term financial debts
-€315
Cash 2025
€426,397
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,441,769 | €25,950,831 | +€509,062 | +2.0% |
| Fixed assets | 21/28 | €6,034,410 | €8,488,342 | +€2.5m | +40.7% |
| Intangible fixed assets | 21 | €5,614 | €1,723 | -€3,891 | -69.3% |
| Tangible fixed assets | 22/27 | €1,899,018 | €3,803,745 | +€1.9m | +100% |
| Land and buildings | 22 | €402,804 | €3,174,411 | +€2.8m | +688% |
| Plant, machinery and equipment | 23 | €121,440 | €84,133 | -€37,307 | -30.7% |
| Furniture and vehicles | 24 | €43,643 | €31,399 | -€12,244 | -28.1% |
| Assets under construction and advance payments | 27 | €1,331,131 | €513,803 | -€817,328 | -61.4% |
| Financial fixed assets | 28 | €4,129,778 | €4,682,873 | +€553,096 | +13.4% |
| Affiliated companies | 280/1 | €4,068,690 | €4,640,140 | +€571,451 | +14.0% |
| Participating interests | 280 | €4,068,690 | €4,640,140 | +€571,451 | +14.0% |
| Other financial fixed assets | 284/8 | €61,088 | €42,733 | -€18,355 | -30.0% |
| Shares | 284 | €39,663 | €39,663 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €21,425 | €3,070 | -€18,355 | -85.7% |
| Current assets | 29/58 | €19,407,359 | €17,462,489 | -€1.9m | -10.0% |
| Stocks and contracts in progress | 3 | €13,018,921 | €12,904,284 | -€114,638 | -0.9% |
| Stocks | 30/36 | €13,018,921 | €12,904,284 | -€114,638 | -0.9% |
| Goods purchased for resale | 34 | €13,018,921 | €12,904,284 | -€114,638 | -0.9% |
| Amounts receivable within one year | 40/41 | €1,125,968 | €1,220,202 | +€94,234 | +8.4% |
| Trade receivables | 40 | €840,054 | €1,054,089 | +€214,034 | +25.5% |
| Other amounts receivable | 41 | €285,914 | €166,113 | -€119,801 | -41.9% |
| Current investments | 50/53 | €4,129,000 | €2,900,000 | -€1.2m | -29.8% |
| Other investments | 51/53 | €4,129,000 | €2,900,000 | -€1.2m | -29.8% |
| Cash at bank and in hand | 54/58 | €1,117,654 | €426,397 | -€691,258 | -61.8% |
| Deferred charges and accrued income | 490/1 | €15,815 | €11,607 | -€4,208 | -26.6% |
| Total equity and liabilities | 10/49 | €25,441,769 | €25,950,831 | +€509,062 | +2.0% |
| Equity | 10/15 | €4,565,473 | €5,418,724 | +€853,251 | +18.7% |
| Contributions | 10/11 | €470,000 | €470,000 | = | 0.0% |
| Capital | 10 | €470,000 | €470,000 | = | 0.0% |
| Issued capital | 100 | €470,000 | €470,000 | = | 0.0% |
| Reserves | 13 | €151,866 | €151,866 | = | 0.0% |
| Non-distributable reserves | 130/1 | €77,000 | €77,000 | = | 0.0% |
| Legal reserve | 130 | €77,000 | €77,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,900 | €70,900 | = | 0.0% |
| Distributable reserves | 133 | €3,966 | €3,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,943,607 | €4,796,858 | +€853,251 | +21.6% |
| Provisions and deferred taxes | 16 | €200,563 | €178,274 | -€22,289 | -11.1% |
| Provisions for liabilities and charges | 160/5 | €200,563 | €178,274 | -€22,289 | -11.1% |
| Other liabilities and charges | 164/5 | €200,563 | €178,274 | -€22,289 | -11.1% |
| Amounts payable | 17/49 | €20,675,733 | €20,353,833 | -€321,900 | -1.6% |
| Amounts payable after more than one year | 17 | €1,429,972 | €2,351,482 | +€921,510 | +64.4% |
| Financial debts | 170/4 | €1,423,972 | €2,345,482 | +€921,510 | +64.7% |
| Credit institutions | 173 | €1,423,972 | €2,345,482 | +€921,510 | +64.7% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,692,303 | €17,525,679 | -€1.2m | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €104,754 | €143,246 | +€38,492 | +36.7% |
| Financial debts | 43 | €77,031 | €76,716 | -€315 | -0.4% |
| Credit institutions | 430/8 | €77,031 | €76,716 | -€315 | -0.4% |
| Trade debts | 44 | €3,700,123 | €2,141,455 | -€1.6m | -42.1% |
| Suppliers | 440/4 | €3,700,123 | €2,141,455 | -€1.6m | -42.1% |
| Advances received on contracts in progress | 46 | €10,886,062 | €10,559,186 | -€326,876 | -3.0% |
| Taxes, remuneration and social security | 45 | €152,621 | €195,338 | +€42,717 | +28.0% |
| Taxes | 450/3 | €28,784 | €32,012 | +€3,228 | +11.2% |
| Remuneration and social security | 454/9 | €123,837 | €163,326 | +€39,490 | +31.9% |
| Other amounts payable | 47/48 | €3,771,712 | €4,409,738 | +€638,026 | +16.9% |
| Accrued charges and deferred income | 492/3 | €553,458 | €476,672 | -€76,786 | -13.9% |
| Operating income | 70/76A | €20,591,566 | €22,172,343 | +€1.6m | +7.7% |
| Turnover | 70 | €20,109,917 | €21,745,037 | +€1.6m | +8.1% |
| Other operating income | 74 | €481,649 | €424,969 | -€56,680 | -11.8% |
| Non-recurring operating income | 76A | - | €2,337 | +€2,337 | |
| Operating charges | 60/66A | €19,961,748 | €21,621,458 | +€1.7m | +8.3% |
| Goods for resale, raw materials and consumables | 60 | €17,116,000 | €18,843,432 | +€1.7m | +10.1% |
| Purchases | 600/8 | €19,440,479 | €18,740,793 | -€699,686 | -3.6% |
| Change in stocks: decrease (increase) | 609 | -€2,324,478 | €102,639 | +€2.4m | |
| Services and other goods | 61 | €1,720,436 | €1,585,013 | -€135,423 | -7.9% |
| Remuneration, social security and pensions | 62 | €963,884 | €972,504 | +€8,620 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,743 | €137,518 | +€40,775 | +42.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,147 | €24,010 | +€11,863 | +97.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€34,969 | -€22,289 | +€12,680 | +36.3% |
| Other operating charges | 640/8 | €87,508 | €81,271 | -€6,237 | -7.1% |
| Operating profit (loss) | 9901 | €629,818 | €550,885 | -€78,933 | -12.5% |
| Financial income | 75/76B | €73,164 | €633,166 | +€560,002 | +765% |
| Recurring financial income | 75 | €73,164 | €61,716 | -€11,448 | -15.6% |
| Income from financial fixed assets | 750 | - | €4,000 | +€4,000 | |
| Income from current assets | 751 | €67,985 | €52,983 | -€15,002 | -22.1% |
| Other financial income | 752/9 | €5,179 | €4,732 | -€447 | -8.6% |
| Non-recurring financial income | 76B | - | €571,451 | +€571,451 | |
| Financial charges | 65/66B | €206,518 | €235,538 | +€29,020 | +14.1% |
| Recurring financial charges | 65 | €206,518 | €235,538 | +€29,020 | +14.1% |
| Debt charges | 650 | €201,899 | €228,168 | +€26,270 | +13.0% |
| Other financial charges | 652/9 | €4,620 | €7,370 | +€2,751 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €496,463 | €948,513 | +€452,049 | +91.1% |
| Income taxes | 67/77 | €139,192 | €95,262 | -€43,931 | -31.6% |
| Taxes | 670/3 | €139,192 | €101,829 | -€37,363 | -26.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,568 | +€6,568 | |
| Profit (loss) for the period | 9904 | €357,271 | €853,251 | +€495,980 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €357,271 | €853,251 | +€495,980 | +139% |
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 13 October 2026 via checked.be.