BUHLMANN BELGIUM: what changed
What changed
BUHLMANN BELGIUM
NACE 46.841, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€307,237
2024 · €1.6m-€1.3m
Equity
€2.9m
2024 · €5.6m-€2.7m
Cash
€736,064
2024 · €125,586+€610,477
Balance sheet total
€16.4m
2024 · €8.7m+€7.7m
Largest movements
Assets
- Financial fixed assets +€8.6m
new in 2025: €8.6m
- Receivables within one year -€1.1m
down €1.1m (-14.6%), from €7.6m to €6.5m
of which Other amounts receivable: -€1.5m
- Cash +€610,477
up €610,477 (+486%), from €125,586 to €736,064
mainly Debts after one year (+€8.3m) and Other debts (+€3.2m)
- Stocks and contracts -€366,303
down €366,303 (-54.7%), from €670,000 to €303,697
Equity and liabilities
- Debts after one year +€8.3m
new in 2025: €8.3m
- Other debts +€3.2m
up €3.2m, from €0 to €3.2m
- Profit (loss) carried forward -€2.7m
down €2.7m (-55.5%), from €4.9m to €2.2m
- Trade debts -€932,986
down €932,986 (-40.9%), from €2.3m to €1.3m
Income statement
- Goods and materials -€2.4m
down €2.4m (-20.0%), from €11.8m to €9.5m
of which Purchases: -€2.5m
- Turnover -€2.2m
down €2.2m (-13.0%), from €16.7m to €14.6m
- Other operating income -€1.7m
down €1.7m (-91.0%), from €1.8m to €167,143
- Taxes -€524,254
down €524,254 (-88.1%), from €594,981 to €70,727
of which Taxes: -€502,767
- Staff costs +€218,985
up €218,985 (+13.3%), from €1.6m to €1.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.6m
Turnover
-€2.2m
Other operating income
-€1.7m
Goods and materials
+€2.4m
Services and other goods
+€51,015
Staff costs
-€218,985
Depreciation
+€3,115
Write-downs
-€45,213
Other operating charges
-€697
Other operating items
-€740
Financial income
+€45
Financial charges
-€144,073
Taxes
+€524,254
Result 2025
€307,237
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4.0m
Investment
-€8.7m
Financing
+€5.3m
Cash 2024
€125,586
From operations (derived)
+€4.0m
Net result for the year
+€307,237
Depreciation
+€37,564
Stocks and contracts
+€366,303
Receivables within one year
+€1.1m
Trade debts
-€932,986
Tax, wage and social debts
-€48,894
Advances received
-€52,693
Other debts
+€3.2m
Accrued charges and deferred income
+€17,192
Investment (derived)
-€8.7m
Investment in fixed assets (net)
-€8.7m
Financing
+€5.3m
Debts after one year
+€8.3m
Contributions, distributions and other
-€3.0m
Cash 2025
€736,064
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,684,427 | €16,432,953 | +€7.7m | +89.2% |
| Fixed assets | 21/28 | €292,101 | €8,909,216 | +€8.6m | +2,950% |
| Tangible fixed assets | 22/27 | €292,101 | €274,155 | -€17,946 | -6.1% |
| Land and buildings | 22 | €264,037 | €243,434 | -€20,603 | -7.8% |
| Plant, machinery and equipment | 23 | €20,127 | €9,397 | -€10,730 | -53.3% |
| Furniture and vehicles | 24 | €7,937 | €21,324 | +€13,387 | +169% |
| Financial fixed assets | 28 | - | €8,635,061 | +€8.6m | |
| Affiliated companies | 280/1 | - | €8,635,061 | +€8.6m | |
| Participating interests | 280 | - | €8,635,061 | +€8.6m | |
| Current assets | 29/58 | €8,392,325 | €7,523,737 | -€868,589 | -10.3% |
| Stocks and contracts in progress | 3 | €670,000 | €303,697 | -€366,303 | -54.7% |
| Stocks | 30/36 | €670,000 | €303,697 | -€366,303 | -54.7% |
| Goods purchased for resale | 34 | €670,000 | €303,697 | -€366,303 | -54.7% |
| Advance payments | 36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €7,596,739 | €6,483,976 | -€1.1m | -14.6% |
| Trade receivables | 40 | €1,870,962 | €2,218,139 | +€347,177 | +18.6% |
| Other amounts receivable | 41 | €5,725,777 | €4,265,837 | -€1.5m | -25.5% |
| Cash at bank and in hand | 54/58 | €125,586 | €736,064 | +€610,477 | +486% |
| Total equity and liabilities | 10/49 | €8,684,427 | €16,432,953 | +€7.7m | +89.2% |
| Equity | 10/15 | €5,576,687 | €2,883,925 | -€2.7m | -48.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €703,770 | €703,770 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €701,911 | €701,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,854,325 | €2,161,563 | -€2.7m | -55.5% |
| Amounts payable | 17/49 | €3,107,740 | €13,549,029 | +€10.4m | +336% |
| Amounts payable after more than one year | 17 | - | €8,302,000 | +€8.3m | |
| Other amounts payable | 178/9 | - | €8,302,000 | +€8.3m | |
| Amounts payable within one year | 42/48 | €2,854,122 | €4,976,219 | +€2.1m | +74.4% |
| Trade debts | 44 | €2,279,587 | €1,346,601 | -€932,986 | -40.9% |
| Suppliers | 440/4 | €2,279,587 | €1,346,601 | -€932,986 | -40.9% |
| Advances received on contracts in progress | 46 | €158,893 | €106,200 | -€52,693 | -33.2% |
| Taxes, remuneration and social security | 45 | €415,642 | €366,748 | -€48,894 | -11.8% |
| Taxes | 450/3 | €126,364 | €29,421 | -€96,943 | -76.7% |
| Remuneration and social security | 454/9 | €289,278 | €337,327 | +€48,049 | +16.6% |
| Other amounts payable | 47/48 | €0 | €3,156,670 | +€3.2m | |
| Accrued charges and deferred income | 492/3 | €253,618 | €270,810 | +€17,192 | +6.8% |
| Operating income | 70/76A | €18,585,460 | €14,727,928 | -€3.9m | -20.8% |
| Turnover | 70 | €16,735,719 | €14,560,785 | -€2.2m | -13.0% |
| Other operating income | 74 | €1,849,741 | €167,143 | -€1.7m | -91.0% |
| Operating charges | 60/66A | €16,257,463 | €14,108,168 | -€2.1m | -13.2% |
| Goods for resale, raw materials and consumables | 60 | €11,828,005 | €9,467,204 | -€2.4m | -20.0% |
| Purchases | 600/8 | €11,565,309 | €9,100,902 | -€2.5m | -21.3% |
| Change in stocks: decrease (increase) | 609 | €262,695 | €366,303 | +€103,608 | +39.4% |
| Services and other goods | 61 | €2,732,130 | €2,681,115 | -€51,015 | -1.9% |
| Remuneration, social security and pensions | 62 | €1,645,319 | €1,864,304 | +€218,985 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,680 | €37,564 | -€3,115 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €45,213 | +€45,213 | |
| Other operating charges | 640/8 | €11,329 | €12,027 | +€697 | +6.2% |
| Non-recurring operating charges | 66A | - | €740 | +€740 | |
| Operating profit (loss) | 9901 | €2,327,997 | €619,760 | -€1.7m | -73.4% |
| Financial income | 75/76B | €7,694 | €7,738 | +€45 | +0.6% |
| Recurring financial income | 75 | €7,694 | €7,738 | +€45 | +0.6% |
| Other financial income | 752/9 | €7,694 | €7,738 | +€45 | +0.6% |
| Financial charges | 65/66B | €105,461 | €249,534 | +€144,073 | +137% |
| Recurring financial charges | 65 | €105,461 | €249,534 | +€144,073 | +137% |
| Debt charges | 650 | €90,700 | €238,881 | +€148,181 | +163% |
| Other financial charges | 652/9 | €14,761 | €10,652 | -€4,109 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €2,230,229 | €377,965 | -€1.9m | -83.1% |
| Income taxes | 67/77 | €594,981 | €70,727 | -€524,254 | -88.1% |
| Taxes | 670/3 | €604,818 | €102,051 | -€502,767 | -83.1% |
| Tax adjustments and reversals of tax provisions | 77 | €9,837 | €31,324 | +€21,487 | +218% |
| Profit (loss) for the period | 9904 | €1,635,248 | €307,237 | -€1.3m | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,635,248 | €307,237 | -€1.3m | -81.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.