B-F admin: 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.
B-F admin
Largest movements
- Tangible fixed assets +€579,806
up €579,806 (+2,000%), from €28,996 to €608,802
of which Land and buildings: +€577,913
- Receivables within one year +€180,443
up €180,443 (+663%), from €27,217 to €207,660
of which Trade receivables: +€166,409
- Financial fixed assets +€50,000
up €50,000 (+2,500,000%), from €2 to €50,002
- Debts after one year +€531,641
new in 2025: €531,641
- Accrued charges and deferred income +€142,500
new in 2025: €142,500
- Current portion of long-term debt +€94,514
up €94,514 (+3,253%), from €2,905 to €97,419
- Other debts +€13,150
new in 2025: €13,150
- Tax, wage and social debts +€11,875
up €11,875 (+133%), from €8,940 to €20,815
of which Remuneration and social security: +€12,000
- Gross operating margin +€30,850
up €30,850 (+103%), from €29,915 to €60,765
- Other operating charges +€25,209
up €25,209 (+2,088%), from €1,207 to €26,416
- Financial charges +€4,498
up €4,498 (+398%), from €1,129 to €5,626
- Taxes +€3,516
up €3,516 (+71.4%), from €4,927 to €8,443
- Staff costs -€662
no longer reported in 2025 (was €662)
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 | €65,735 | €871,354 | +€805,619 | +1,226% |
| Fixed assets | 21/28 | €29,465 | €658,804 | +€629,339 | +2,136% |
| Intangible fixed assets | 21 | €466 | - | -€466 | |
| Tangible fixed assets | 22/27 | €28,996 | €608,802 | +€579,806 | +2,000% |
| Land and buildings | 22 | €7,010 | €584,922 | +€577,913 | +8,245% |
| Plant, machinery and equipment | 23 | €18,598 | €15,318 | -€3,281 | -17.6% |
| Furniture and vehicles | 24 | €3,388 | €2,012 | -€1,376 | -40.6% |
| Other tangible fixed assets | 26 | - | €6,550 | +€6,550 | |
| Financial fixed assets | 28 | €2 | €50,002 | +€50,000 | +2,500,000% |
| Current assets | 29/58 | €36,270 | €212,550 | +€176,280 | +486% |
| Amounts receivable within one year | 40/41 | €27,217 | €207,660 | +€180,443 | +663% |
| Trade receivables | 40 | - | €166,409 | +€166,409 | |
| Other amounts receivable | 41 | €27,217 | €41,251 | +€14,033 | +51.6% |
| Cash at bank and in hand | 54/58 | €6,214 | €551 | -€5,663 | -91.1% |
| Deferred charges and accrued income | 490/1 | €2,839 | €4,339 | +€1,500 | +52.8% |
| Total equity and liabilities | 10/49 | €65,735 | €871,354 | +€805,619 | +1,226% |
| Equity | 10/15 | €50,536 | €58,376 | +€7,840 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,350 | €17,190 | +€7,840 | +83.8% |
| Distributable reserves | 133 | €9,350 | €17,190 | +€7,840 | +83.8% |
| Profit (loss) carried forward | 14 | €22,585 | €22,585 | = | 0.0% |
| Amounts payable | 17/49 | €15,199 | €812,978 | +€797,779 | +5,249% |
| Amounts payable after more than one year | 17 | - | €531,641 | +€531,641 | |
| Financial debts | 170/4 | - | €531,641 | +€531,641 | |
| Amounts payable within one year | 42/48 | €15,199 | €138,837 | +€123,638 | +813% |
| Current portion of amounts payable after more than one year | 42 | €2,905 | €97,419 | +€94,514 | +3,253% |
| Trade debts | 44 | €3,354 | €7,453 | +€4,100 | +122% |
| Suppliers | 440/4 | €3,354 | €7,453 | +€4,100 | +122% |
| Taxes, remuneration and social security | 45 | €8,940 | €20,815 | +€11,875 | +133% |
| Taxes | 450/3 | €8,940 | €8,815 | -€125 | -1.4% |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | - | €13,150 | +€13,150 | |
| Accrued charges and deferred income | 492/3 | - | €142,500 | +€142,500 | |
| Remuneration, social security and pensions | 62 | €662 | - | -€662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,640 | €12,440 | -€200 | -1.6% |
| Other operating charges | 640/8 | €1,207 | €26,416 | +€25,209 | +2,088% |
| Gross operating margin | 9900 | €29,915 | €60,765 | +€30,850 | +103% |
| Operating profit (loss) | 9901 | €15,405 | €21,909 | +€6,504 | +42.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -38.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -38.6% |
| Financial charges | 65/66B | €1,129 | €5,626 | +€4,498 | +398% |
| Recurring financial charges | 65 | €1,129 | €5,626 | +€4,498 | +398% |
| Profit (loss) for the period before taxes | 9903 | €14,277 | €16,283 | +€2,006 | +14.0% |
| Income taxes | 67/77 | €4,927 | €8,443 | +€3,516 | +71.4% |
| Profit (loss) for the period | 9904 | €9,350 | €7,840 | -€1,510 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,350 | €7,840 | -€1,510 | -16.2% |
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 13 October 2026 via checked.be.