B.C.F.M.: what changed
B.C.F.M.
Largest movements
- Cash +€101,260
up €101,260 (+479%), from €21,126 to €122,386
mainly Other debts (+€195,191) and Net result for the year (+€73,574)
- Current investments -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Receivables within one year +€10,334
up €10,334 (+16.1%), from €64,094 to €74,428
of which Trade receivables: +€8,593
- Intangible fixed assets -€2,857
down €2,857 (-22.3%), from €12,822 to €9,965
- Other debts +€195,191
new in 2025: €195,191
- Profit (loss) carried forward -€121,617
down €121,617 (-100%), from €121,617 to €0
- Debts after one year +€7,969
up €7,969 (+21.8%), from €36,482 to €44,450
- Tax, wage and social debts +€4,203
up €4,203 (+57.3%), from €7,335 to €11,538
- Gross operating margin +€15,418
up €15,418 (+19.5%), from €79,103 to €94,521
- Write-downs -€6,580
down €6,580, from €5,480 to -€1,100
- Taxes +€6,032
up €6,032 (+43.8%), from €13,766 to €19,798
- Financial charges -€2,493
down €2,493 (-98.0%), from €2,543 to €50
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 | €176,311 | €258,655 | +€82,345 | +46.7% |
| Fixed assets | 21/28 | €15,686 | €11,841 | -€3,845 | -24.5% |
| Intangible fixed assets | 21 | €12,822 | €9,965 | -€2,857 | -22.3% |
| Tangible fixed assets | 22/27 | €2,864 | €1,876 | -€988 | -34.5% |
| Furniture and vehicles | 24 | €2,864 | €1,876 | -€988 | -34.5% |
| Current assets | 29/58 | €160,625 | €246,815 | +€86,190 | +53.7% |
| Amounts receivable within one year | 40/41 | €64,094 | €74,428 | +€10,334 | +16.1% |
| Trade receivables | 40 | €63,822 | €72,416 | +€8,593 | +13.5% |
| Other amounts receivable | 41 | €272 | €2,013 | +€1,741 | +640% |
| Current investments | 50/53 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €21,126 | €122,386 | +€101,260 | +479% |
| Deferred charges and accrued income | 490/1 | €405 | - | -€405 | |
| Total equity and liabilities | 10/49 | €176,311 | €258,655 | +€82,345 | +46.7% |
| Equity | 10/15 | €124,117 | €2,500 | -€121,617 | -98.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,617 | €0 | -€121,617 | -100% |
| Amounts payable | 17/49 | €52,194 | €256,155 | +€203,962 | +391% |
| Amounts payable after more than one year | 17 | €36,482 | €44,450 | +€7,969 | +21.8% |
| Other amounts payable | 178/9 | €36,482 | €44,450 | +€7,969 | +21.8% |
| Amounts payable within one year | 42/48 | €13,234 | €209,227 | +€195,993 | +1,481% |
| Trade debts | 44 | €3,299 | €1,398 | -€1,901 | -57.6% |
| Suppliers | 440/4 | €3,299 | €1,398 | -€1,901 | -57.6% |
| Advances received on contracts in progress | 46 | €2,600 | €1,100 | -€1,500 | -57.7% |
| Taxes, remuneration and social security | 45 | €7,335 | €11,538 | +€4,203 | +57.3% |
| Taxes | 450/3 | €7,335 | €11,538 | +€4,203 | +57.3% |
| Other amounts payable | 47/48 | - | €195,191 | +€195,191 | |
| Accrued charges and deferred income | 492/3 | €2,478 | €2,478 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,814 | €3,845 | +€31 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,480 | -€1,100 | -€6,580 | |
| Other operating charges | 640/8 | €855 | €400 | -€455 | -53.2% |
| Gross operating margin | 9900 | €79,103 | €94,521 | +€15,418 | +19.5% |
| Operating profit (loss) | 9901 | €68,954 | €91,376 | +€22,422 | +32.5% |
| Financial income | 75/76B | €1,110 | €2,046 | +€935 | +84.2% |
| Recurring financial income | 75 | €1,110 | €2,046 | +€935 | +84.2% |
| Financial charges | 65/66B | €2,543 | €50 | -€2,493 | -98.0% |
| Recurring financial charges | 65 | €2,543 | €50 | -€2,493 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €67,522 | €93,372 | +€25,850 | +38.3% |
| Income taxes | 67/77 | €13,766 | €19,798 | +€6,032 | +43.8% |
| Profit (loss) for the period | 9904 | €53,756 | €73,574 | +€19,818 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,756 | €73,574 | +€19,818 | +36.9% |
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.