B.F.C.: 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.C.
Largest movements
- Tangible fixed assets -€32,566
down €32,566 (-53.4%), from €60,946 to €28,380
of which Land and buildings: -€31,009
- Cash -€10,939
down €10,939 (-27.7%), from €39,433 to €28,494
mainly Net result for the year (-€40,496) and Deferred charges and accrued income (-€3,611)
- Deferred charges and accrued income +€3,611
up €3,611 (+741%), from €487 to €4,098
- Profit (loss) carried forward -€40,496
down €40,496 (-11.1%), from -€366,470 to -€406,966
- Tax, wage and social debts +€4,765
new in 2025: €4,765
of which Remuneration and social security: +€2,819
- Accrued charges and deferred income -€3,230
no longer reported in 2025 (was €3,230)
- Gross operating margin +€25,324
up €25,324, from -€22,351 to €2,973
- Depreciation -€12,094
down €12,094 (-33.3%), from €36,319 to €24,225
- Other operating charges -€3,695
down €3,695 (-24.9%), from €14,817 to €11,122
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 | €136,875 | €97,238 | -€39,637 | -29.0% |
| Fixed assets | 21/28 | €68,564 | €35,998 | -€32,566 | -47.5% |
| Tangible fixed assets | 22/27 | €60,946 | €28,380 | -€32,566 | -53.4% |
| Land and buildings | 22 | €44,214 | €13,205 | -€31,009 | -70.1% |
| Plant, machinery and equipment | 23 | €7,839 | €5,214 | -€2,625 | -33.5% |
| Furniture and vehicles | 24 | €1,198 | €3,858 | +€2,660 | +222% |
| Other tangible fixed assets | 26 | €7,695 | €6,103 | -€1,592 | -20.7% |
| Financial fixed assets | 28 | €7,618 | €7,618 | = | 0.0% |
| Current assets | 29/58 | €68,311 | €61,240 | -€7,071 | -10.4% |
| Amounts receivable within one year | 40/41 | €28,391 | €28,648 | +€257 | +0.9% |
| Trade receivables | 40 | €25,427 | €28,648 | +€3,221 | +12.7% |
| Other amounts receivable | 41 | €2,964 | - | -€2,964 | |
| Cash at bank and in hand | 54/58 | €39,433 | €28,494 | -€10,939 | -27.7% |
| Deferred charges and accrued income | 490/1 | €487 | €4,098 | +€3,611 | +741% |
| Total equity and liabilities | 10/49 | €136,875 | €97,238 | -€39,637 | -29.0% |
| Equity | 10/15 | €130,792 | €90,296 | -€40,496 | -31.0% |
| Contributions | 10/11 | €491,000 | €491,000 | = | 0.0% |
| Capital | 10 | €491,000 | €491,000 | = | 0.0% |
| Issued capital | 100 | €491,000 | €491,000 | = | 0.0% |
| Reserves | 13 | €6,262 | €6,262 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,362 | €4,362 | = | 0.0% |
| Legal reserve | 130 | €4,362 | €4,362 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€366,470 | -€406,966 | -€40,496 | -11.1% |
| Amounts payable | 17/49 | €6,083 | €6,942 | +€859 | +14.1% |
| Amounts payable within one year | 42/48 | €2,853 | €6,942 | +€4,089 | +143% |
| Trade debts | 44 | €2,556 | €2,169 | -€387 | -15.1% |
| Suppliers | 440/4 | €2,556 | €2,169 | -€387 | -15.1% |
| Taxes, remuneration and social security | 45 | - | €4,765 | +€4,765 | |
| Taxes | 450/3 | - | €1,946 | +€1,946 | |
| Remuneration and social security | 454/9 | - | €2,819 | +€2,819 | |
| Other amounts payable | 47/48 | €297 | €8 | -€289 | -97.3% |
| Accrued charges and deferred income | 492/3 | €3,230 | - | -€3,230 | |
| Non-recurring operating income | 76A | - | €116 | +€116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,319 | €24,225 | -€12,094 | -33.3% |
| Other operating charges | 640/8 | €14,817 | €11,122 | -€3,695 | -24.9% |
| Non-recurring operating charges | 66A | - | €8,006 | +€8,006 | |
| Gross operating margin | 9900 | -€22,351 | €2,973 | +€25,324 | |
| Operating profit (loss) | 9901 | -€73,487 | -€40,380 | +€33,107 | +45.1% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €132 | €116 | -€16 | -12.1% |
| Recurring financial charges | 65 | €132 | €116 | -€16 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€73,612 | -€40,496 | +€33,116 | +45.0% |
| Profit (loss) for the period | 9904 | -€73,612 | -€40,496 | +€33,116 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,612 | -€40,496 | +€33,116 | +45.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.