B.F.P. SYSTEM: what changed
B.F.P. SYSTEM
Largest movements
- Deferred charges and accrued income -€52,963
down €52,963 (-92.7%), from €57,128 to €4,165
- Cash +€16,642
up €16,642 (+24.4%), from €68,137 to €84,780
mainly Net result for the year (+€73,166) and Deferred charges and accrued income (+€52,963)
- Stocks and contracts +€14,206
new in 2025: €14,206
- Tangible fixed assets -€14,104
down €14,104 (-26.7%), from €52,909 to €38,805
of which Furniture and vehicles: -€12,279
- Receivables within one year -€12,667
down €12,667 (-29.3%), from €43,258 to €30,591
of which Trade receivables: -€7,480
- Profit (loss) carried forward +€73,166
up €73,166, from -€146 to €73,020
- Trade debts -€39,804
down €39,804 (-99.9%), from €39,850 to €46
- Other debts -€33,586
down €33,586 (-55.5%), from €60,486 to €26,900
- Tax, wage and social debts -€28,768
down €28,768 (-50.1%), from €57,436 to €28,668
- Advances received -€26,643
down €26,643 (-58.9%), from €45,206 to €18,563
- Gross operating margin +€99,109
up €99,109 (+602%), from €16,472 to €115,581
- Taxes +€23,901
up €23,901 (+12,770%), from €187 to €24,088
- Financial charges +€3,316
up €3,316 (+3,208%), from €103 to €3,419
- Other operating charges -€2,939
down €2,939 (-78.1%), from €3,763 to €824
- Depreciation +€1,538
up €1,538 (+12.2%), from €12,566 to €14,104
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 | €221,432 | €172,546 | -€48,886 | -22.1% |
| Fixed assets | 21/28 | €52,909 | €38,805 | -€14,104 | -26.7% |
| Tangible fixed assets | 22/27 | €52,909 | €38,805 | -€14,104 | -26.7% |
| Plant, machinery and equipment | 23 | €6,654 | €4,830 | -€1,825 | -27.4% |
| Furniture and vehicles | 24 | €46,254 | €33,975 | -€12,279 | -26.5% |
| Current assets | 29/58 | €168,523 | €133,741 | -€34,782 | -20.6% |
| Stocks and contracts in progress | 3 | - | €14,206 | +€14,206 | |
| Stocks | 30/36 | - | €14,206 | +€14,206 | |
| Amounts receivable within one year | 40/41 | €43,258 | €30,591 | -€12,667 | -29.3% |
| Trade receivables | 40 | €13,258 | €5,778 | -€7,480 | -56.4% |
| Other amounts receivable | 41 | €30,000 | €24,813 | -€5,187 | -17.3% |
| Cash at bank and in hand | 54/58 | €68,137 | €84,780 | +€16,642 | +24.4% |
| Deferred charges and accrued income | 490/1 | €57,128 | €4,165 | -€52,963 | -92.7% |
| Total equity and liabilities | 10/49 | €221,432 | €172,546 | -€48,886 | -22.1% |
| Equity | 10/15 | €18,454 | €91,620 | +€73,166 | +396% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146 | €73,020 | +€73,166 | |
| Amounts payable | 17/49 | €202,978 | €80,926 | -€122,052 | -60.1% |
| Amounts payable within one year | 42/48 | €202,978 | €80,926 | -€122,052 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,749 | +€6,749 | |
| Trade debts | 44 | €39,850 | €46 | -€39,804 | -99.9% |
| Suppliers | 440/4 | €39,850 | €46 | -€39,804 | -99.9% |
| Advances received on contracts in progress | 46 | €45,206 | €18,563 | -€26,643 | -58.9% |
| Taxes, remuneration and social security | 45 | €57,436 | €28,668 | -€28,768 | -50.1% |
| Taxes | 450/3 | €57,436 | €28,668 | -€28,768 | -50.1% |
| Other amounts payable | 47/48 | €60,486 | €26,900 | -€33,586 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,566 | €14,104 | +€1,538 | +12.2% |
| Other operating charges | 640/8 | €3,763 | €824 | -€2,939 | -78.1% |
| Gross operating margin | 9900 | €16,472 | €115,581 | +€99,109 | +602% |
| Operating profit (loss) | 9901 | €143 | €100,653 | +€100,510 | +70,287% |
| Financial income | 75/76B | €1 | €21 | +€20 | +1,414% |
| Recurring financial income | 75 | €1 | €21 | +€20 | +1,414% |
| Financial charges | 65/66B | €103 | €3,419 | +€3,316 | +3,208% |
| Recurring financial charges | 65 | €103 | €3,419 | +€3,316 | +3,208% |
| Profit (loss) for the period before taxes | 9903 | €41 | €97,254 | +€97,213 | +237,048% |
| Income taxes | 67/77 | €187 | €24,088 | +€23,901 | +12,770% |
| Profit (loss) for the period | 9904 | -€146 | €73,166 | +€73,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€146 | €73,166 | +€73,312 |
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 7 November 2026 via checked.be.