DOCTEUR BUFKENS: 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.
DOCTEUR BUFKENS
Largest movements
- Tangible fixed assets +€54,753
up €54,753 (+34.7%), from €157,735 to €212,488
of which Other tangible fixed assets: +€67,512
- Cash -€22,994
down €22,994 (-69.8%), from €32,965 to €9,971
mainly Investment in fixed assets (net) (-€79,776) and Debts after one year (-€8,400)
- Receivables within one year -€17,205
down €17,205 (-81.9%), from €21,011 to €3,806
of which Trade receivables: -€19,099
- Deferred charges and accrued income -€8,448
down €8,448 (-53.6%), from €15,767 to €7,319
- Current investments +€5,175
up €5,175 (+34.7%), from €14,904 to €20,079
- Reserves +€14,547
up €14,547 (+27.3%), from €53,218 to €67,764
- Debts after one year -€8,400
down €8,400 (-9.3%), from €90,144 to €81,744
- Other debts +€4,290
up €4,290 (+8.2%), from €52,546 to €56,837
- Gross operating margin +€11,682
up €11,682 (+26.5%), from €44,132 to €55,814
- Depreciation +€5,316
up €5,316 (+27.0%), from €19,708 to €25,024
- Taxes +€2,106
up €2,106 (+51.5%), from €4,088 to €6,194
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,382 | €253,663 | +€11,281 | +4.7% |
| Fixed assets | 21/28 | €157,735 | €212,488 | +€54,753 | +34.7% |
| Tangible fixed assets | 22/27 | €157,735 | €212,488 | +€54,753 | +34.7% |
| Land and buildings | 22 | €81,922 | €74,798 | -€7,124 | -8.7% |
| Plant, machinery and equipment | 23 | €1,574 | €1,176 | -€397 | -25.2% |
| Furniture and vehicles | 24 | €8,651 | €3,412 | -€5,239 | -60.6% |
| Other tangible fixed assets | 26 | €65,589 | €133,101 | +€67,512 | +103% |
| Current assets | 29/58 | €84,646 | €41,175 | -€43,471 | -51.4% |
| Amounts receivable within one year | 40/41 | €21,011 | €3,806 | -€17,205 | -81.9% |
| Trade receivables | 40 | €19,099 | - | -€19,099 | |
| Other amounts receivable | 41 | €1,912 | €3,806 | +€1,894 | +99.1% |
| Current investments | 50/53 | €14,904 | €20,079 | +€5,175 | +34.7% |
| Cash at bank and in hand | 54/58 | €32,965 | €9,971 | -€22,994 | -69.8% |
| Deferred charges and accrued income | 490/1 | €15,767 | €7,319 | -€8,448 | -53.6% |
| Total equity and liabilities | 10/49 | €242,382 | €253,663 | +€11,281 | +4.7% |
| Equity | 10/15 | €85,780 | €100,327 | +€14,547 | +17.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €53,218 | €67,764 | +€14,547 | +27.3% |
| Distributable reserves | 133 | €53,218 | €67,764 | +€14,547 | +27.3% |
| Profit (loss) carried forward | 14 | €14,013 | €14,013 | = | 0.0% |
| Amounts payable | 17/49 | €156,601 | €153,336 | -€3,265 | -2.1% |
| Amounts payable after more than one year | 17 | €90,144 | €81,744 | -€8,400 | -9.3% |
| Financial debts | 170/4 | €90,144 | €81,744 | -€8,400 | -9.3% |
| Amounts payable within one year | 42/48 | €62,795 | €67,858 | +€5,064 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €8,071 | €8,400 | +€329 | +4.1% |
| Trade debts | 44 | €2,178 | €2,366 | +€189 | +8.7% |
| Suppliers | 440/4 | €2,178 | €2,366 | +€189 | +8.7% |
| Taxes, remuneration and social security | 45 | - | €256 | +€256 | |
| Remuneration and social security | 454/9 | - | €256 | +€256 | |
| Other amounts payable | 47/48 | €52,546 | €56,837 | +€4,290 | +8.2% |
| Accrued charges and deferred income | 492/3 | €3,663 | €3,733 | +€71 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,708 | €25,024 | +€5,316 | +27.0% |
| Other operating charges | 640/8 | €2,361 | €2,490 | +€129 | +5.5% |
| Gross operating margin | 9900 | €44,132 | €55,814 | +€11,682 | +26.5% |
| Operating profit (loss) | 9901 | €22,063 | €28,301 | +€6,238 | +28.3% |
| Financial charges | 65/66B | €7,805 | €7,560 | -€246 | -3.1% |
| Recurring financial charges | 65 | €7,805 | €7,560 | -€246 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €14,258 | €20,741 | +€6,483 | +45.5% |
| Income taxes | 67/77 | €4,088 | €6,194 | +€2,106 | +51.5% |
| Profit (loss) for the period | 9904 | €10,169 | €14,547 | +€4,377 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,169 | €14,547 | +€4,377 | +43.0% |
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 22 October 2026 via checked.be.