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 -€3,029
down €3,029 (-22.5%), from €13,442 to €10,413
- Cash +€2,139
up €2,139 (+10.2%), from €20,972 to €23,111
mainly Net result for the year (+€4,684) and Other debts (+€3,422)
- Other debts +€3,422
up €3,422 (+84.5%), from €4,047 to €7,469
- Reserves -€2,390
down €2,390 (-4.0%), from €60,340 to €57,950
- Current portion of long-term debt -€1,994
no longer reported in 2025 (was €1,994)
- Gross operating margin -€7,321
down €7,321 (-20.5%), from €35,692 to €28,371
- Staff costs -€2,411
down €2,411 (-13.2%), from €18,327 to €15,916
- Taxes -€729
down €729 (-18.4%), from €3,956 to €3,226
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 | €102,671 | €101,743 | -€928 | -0.9% |
| Fixed assets | 21/28 | €13,805 | €10,776 | -€3,029 | -21.9% |
| Tangible fixed assets | 22/27 | €13,442 | €10,413 | -€3,029 | -22.5% |
| Plant, machinery and equipment | 23 | €3,112 | €2,438 | -€674 | -21.7% |
| Furniture and vehicles | 24 | €5,437 | €4,200 | -€1,237 | -22.7% |
| Other tangible fixed assets | 26 | €4,892 | €3,774 | -€1,118 | -22.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €88,866 | €90,967 | +€2,101 | +2.4% |
| Amounts receivable within one year | 40/41 | €30,880 | €30,770 | -€111 | -0.4% |
| Trade receivables | 40 | €30,333 | €30,500 | +€167 | +0.6% |
| Other amounts receivable | 41 | €547 | €269 | -€278 | -50.8% |
| Current investments | 50/53 | €36,140 | €36,291 | +€152 | +0.4% |
| Cash at bank and in hand | 54/58 | €20,972 | €23,111 | +€2,139 | +10.2% |
| Deferred charges and accrued income | 490/1 | €874 | €795 | -€79 | -9.1% |
| Total equity and liabilities | 10/49 | €102,671 | €101,743 | -€928 | -0.9% |
| Equity | 10/15 | €79,350 | €76,994 | -€2,356 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,340 | €57,950 | -€2,390 | -4.0% |
| Distributable reserves | 133 | €60,340 | €57,950 | -€2,390 | -4.0% |
| Profit (loss) carried forward | 14 | €410 | €444 | +€34 | +8.4% |
| Amounts payable | 17/49 | €23,321 | €24,748 | +€1,427 | +6.1% |
| Amounts payable within one year | 42/48 | €21,861 | €23,608 | +€1,747 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €1,994 | - | -€1,994 | |
| Financial debts | 43 | €1,000 | €1,029 | +€29 | +2.9% |
| Credit institutions | 430/8 | €1,000 | €1,029 | +€29 | +2.9% |
| Trade debts | 44 | €1,130 | €2,024 | +€894 | +79.1% |
| Suppliers | 440/4 | €1,130 | €2,024 | +€894 | +79.1% |
| Taxes, remuneration and social security | 45 | €13,690 | €13,087 | -€603 | -4.4% |
| Taxes | 450/3 | €12,247 | €11,062 | -€1,185 | -9.7% |
| Remuneration and social security | 454/9 | €1,443 | €2,025 | +€581 | +40.3% |
| Other amounts payable | 47/48 | €4,047 | €7,469 | +€3,422 | +84.5% |
| Accrued charges and deferred income | 492/3 | €1,460 | €1,140 | -€320 | -21.9% |
| Remuneration, social security and pensions | 62 | €18,327 | €15,916 | -€2,411 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,676 | €3,029 | +€353 | +13.2% |
| Other operating charges | 640/8 | €1,454 | €1,269 | -€185 | -12.7% |
| Gross operating margin | 9900 | €35,692 | €28,371 | -€7,321 | -20.5% |
| Operating profit (loss) | 9901 | €13,235 | €8,157 | -€5,078 | -38.4% |
| Financial income | 75/76B | €218 | €368 | +€150 | +69.0% |
| Recurring financial income | 75 | €218 | €368 | +€150 | +69.0% |
| Financial charges | 65/66B | €633 | €615 | -€19 | -2.9% |
| Recurring financial charges | 65 | €633 | €615 | -€19 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €12,820 | €7,911 | -€4,909 | -38.3% |
| Income taxes | 67/77 | €3,956 | €3,226 | -€729 | -18.4% |
| Profit (loss) for the period | 9904 | €8,864 | €4,684 | -€4,180 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,864 | €4,684 | -€4,180 | -47.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.