BUFINCO: what changed
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%), from €1,924 to €6,200
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.
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.
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% |
| 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% |
Next steps
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 3 November 2026 via checked.be.