M&D BUFTEA: 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.
M&D BUFTEA
Largest movements
- Cash +€30,823
new in 2025: €30,823
mainly Trade debts (+€86,050) and Net result for the year (+€26,249)
- Tangible fixed assets +€26,515
up €26,515 (+101.6%), from €26,100 to €52,615
- Stocks and contracts +€18,668
up €18,668 (+188.6%), from €9,896 to €28,565
- Receivables within one year -€8,183
down €8,183 (-3.1%), from €264,664 to €256,481
of which Other amounts receivable: -€34,152
- Trade debts +€86,050
up €86,050 (+119.3%), from €72,154 to €158,205
of which Suppliers: +€55,708
- Short-term financial debts -€24,474
no longer reported in 2025 (was €24,474)
- Profit (loss) carried forward -€12,751
down €12,751 (-11.3%), from €112,521 to €99,771
- Debts after one year +€12,084
up €12,084 (+22.8%), from €53,011 to €65,094
- Current portion of long-term debt +€8,762
up €8,762 (+41.2%), from €21,264 to €30,026
- Gross operating margin +€17,003
up €17,003 (+38.3%), from €44,383 to €61,386
- Depreciation +€6,622
up €6,622 (+59.7%), from €11,085 to €17,707
- Taxes +€3,656
up €3,656 (+64.2%), from €5,691 to €9,347
- Other operating charges -€2,653
down €2,653 (-38.4%), from €6,904 to €4,251
- Financial charges -€1,903
down €1,903 (-33.2%), from €5,735 to €3,832
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 | €300,661 | €368,484 | +€67,823 | +22.6% |
| Fixed assets | 21/28 | €26,100 | €52,615 | +€26,515 | +101.6% |
| Tangible fixed assets | 22/27 | €26,100 | €52,615 | +€26,515 | +101.6% |
| Furniture and vehicles | 24 | €26,100 | €52,615 | +€26,515 | +101.6% |
| Current assets | 29/58 | €274,561 | €315,869 | +€41,308 | +15.0% |
| Stocks and contracts in progress | 3 | €9,896 | €28,565 | +€18,668 | +188.6% |
| Contracts in progress | 37 | €9,896 | €28,565 | +€18,668 | +188.6% |
| Amounts receivable within one year | 40/41 | €264,664 | €256,481 | -€8,183 | -3.1% |
| Trade receivables | 40 | €161,741 | €187,709 | +€25,968 | +16.1% |
| Other amounts receivable | 41 | €102,924 | €68,772 | -€34,152 | -33.2% |
| Cash at bank and in hand | 54/58 | - | €30,823 | +€30,823 | |
| Total equity and liabilities | 10/49 | €300,661 | €368,484 | +€67,823 | +22.6% |
| Equity | 10/15 | €118,721 | €105,971 | -€12,751 | -10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,521 | €99,771 | -€12,751 | -11.3% |
| Amounts payable | 17/49 | €181,939 | €262,513 | +€80,574 | +44.3% |
| Amounts payable after more than one year | 17 | €53,011 | €65,094 | +€12,084 | +22.8% |
| Financial debts | 170/4 | €53,011 | €65,094 | +€12,084 | +22.8% |
| Amounts payable within one year | 42/48 | €128,928 | €197,419 | +€68,490 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €21,264 | €30,026 | +€8,762 | +41.2% |
| Financial debts | 43 | €24,474 | - | -€24,474 | |
| Credit institutions | 430/8 | €24,474 | - | -€24,474 | |
| Trade debts | 44 | €72,154 | €158,205 | +€86,050 | +119.3% |
| Suppliers | 440/4 | €8,760 | €64,469 | +€55,708 | +635.9% |
| Bills of exchange payable | 441 | €63,394 | €93,736 | +€30,342 | +47.9% |
| Taxes, remuneration and social security | 45 | €11,036 | €9,188 | -€1,849 | -16.8% |
| Taxes | 450/3 | €11,036 | €9,188 | -€1,849 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,085 | €17,707 | +€6,622 | +59.7% |
| Other operating charges | 640/8 | €6,904 | €4,251 | -€2,653 | -38.4% |
| Gross operating margin | 9900 | €44,383 | €61,386 | +€17,003 | +38.3% |
| Operating profit (loss) | 9901 | €26,394 | €39,428 | +€13,035 | +49.4% |
| Financial charges | 65/66B | €5,735 | €3,832 | -€1,903 | -33.2% |
| Recurring financial charges | 65 | €5,735 | €3,832 | -€1,903 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €20,658 | €35,596 | +€14,938 | +72.3% |
| Income taxes | 67/77 | €5,691 | €9,347 | +€3,656 | +64.2% |
| Profit (loss) for the period | 9904 | €14,967 | €26,249 | +€11,282 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,967 | €26,249 | +€11,282 | +75.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.