BAFINI: 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.
What changed
BAFINI
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,685
2024 · €669+€12,016
Equity
€204,926
2024 · €202,309+€2,616
Cash
€38,051
2024 · €429,757-€391,706
Balance sheet total
€3.4m
2024 · €1.9m+€1.6m
Largest movements
Assets
- Stocks and contracts +€2.0m
up €2.0m (+169.3%), from €1.2m to €3.1m
- Cash -€391,706
down €391,706 (-91.1%), from €429,757 to €38,051
mainly Stocks and contracts (-€2.0m) and Trade debts (-€100,594)
Equity and liabilities
- Current portion of long-term debt +€986,049
up €986,049 (+187.1%), from €526,962 to €1.5m
- Accrued charges and deferred income +€721,442
new in 2025: €721,442
- Trade debts -€100,594
down €100,594 (-99.8%), from €100,754 to €160
Income statement
- Gross operating margin +€29,783
up €29,783 (+68.0%), from €43,824 to €73,607
- Taxes +€19,714
up €19,714 (+1754.1%), from €1,124 to €20,838
- Financial charges -€2,143
down €2,143 (-12.0%), from €17,838 to €15,695
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.
Result 2024
€669
Gross operating margin
+€29,783
Staff costs
+€15
Other operating charges
-€213
Financial income
+€3
Financial charges
+€2,143
Taxes
-€19,714
Result 2025
€12,685
Cash bridge derived
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.
From operations
-€1.4m
Investment
+€12,510
Financing
+€961,416
Cash 2024
€429,757
From operations (derived)
-€1.4m
Net result for the year
+€12,685
Depreciation
+€20,378
Stocks and contracts
-€2.0m
Receivables within one year
-€32,132
Trade debts
-€100,594
Tax, wage and social debts
-€394
Other debts
-€18,741
Accrued charges and deferred income
+€721,442
Investment (derived)
+€12,510
Investment in fixed assets (net)
+€12,510
Financing
+€961,416
Debts after one year
-€14,565
Current portion of long-term debt
+€986,049
Contributions, distributions and other
-€10,068
Cash 2025
€38,051
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,869,138 | €3,444,951 | +€1.6m | +84.3% |
| Fixed assets | 21/28 | €159,304 | €126,416 | -€32,888 | -20.6% |
| Tangible fixed assets | 22/27 | €146,294 | €125,916 | -€20,378 | -13.9% |
| Land and buildings | 22 | €131,130 | €123,806 | -€7,325 | -5.6% |
| Furniture and vehicles | 24 | €15,163 | €2,110 | -€13,053 | -86.1% |
| Financial fixed assets | 28 | €13,010 | €500 | -€12,510 | -96.2% |
| Current assets | 29/58 | €1,709,834 | €3,318,535 | +€1.6m | +94.1% |
| Stocks and contracts in progress | 3 | €1,162,639 | €3,130,914 | +€2.0m | +169.3% |
| Stocks | 30/36 | €1,162,639 | €3,130,914 | +€2.0m | +169.3% |
| Amounts receivable within one year | 40/41 | €117,438 | €149,570 | +€32,132 | +27.4% |
| Trade receivables | 40 | €107,438 | €149,570 | +€42,132 | +39.2% |
| Other amounts receivable | 41 | €10,000 | €0 | -€10,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €429,757 | €38,051 | -€391,706 | -91.1% |
| Total equity and liabilities | 10/49 | €1,869,138 | €3,444,951 | +€1.6m | +84.3% |
| Equity | 10/15 | €202,309 | €204,926 | +€2,616 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,709 | €85,326 | +€2,616 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,849 | €83,466 | +€2,616 | +3.2% |
| Profit (loss) carried forward | 14 | €101,000 | €101,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,666,828 | €3,240,025 | +€1.6m | +94.4% |
| Amounts payable after more than one year | 17 | €32,403 | €17,839 | -€14,565 | -44.9% |
| Financial debts | 170/4 | €32,403 | €17,839 | -€14,565 | -44.9% |
| Amounts payable within one year | 42/48 | €1,634,425 | €2,500,745 | +€866,320 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €526,962 | €1,513,012 | +€986,049 | +187.1% |
| Trade debts | 44 | €100,754 | €160 | -€100,594 | -99.8% |
| Suppliers | 440/4 | €100,754 | €160 | -€100,594 | -99.8% |
| Taxes, remuneration and social security | 45 | €10,504 | €10,109 | -€394 | -3.8% |
| Taxes | 450/3 | €10,504 | €10,109 | -€394 | -3.8% |
| Other amounts payable | 47/48 | €996,205 | €977,464 | -€18,741 | -1.9% |
| Accrued charges and deferred income | 492/3 | - | €721,442 | +€721,442 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,855 | €1,841 | -€15 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,378 | €20,378 | = | 0.0% |
| Other operating charges | 640/8 | €1,961 | €2,175 | +€213 | +10.9% |
| Gross operating margin | 9900 | €43,824 | €73,607 | +€29,783 | +68.0% |
| Operating profit (loss) | 9901 | €19,629 | €49,213 | +€29,584 | +150.7% |
| Financial income | 75/76B | €2 | €4 | +€3 | +164.0% |
| Recurring financial income | 75 | €2 | €4 | +€3 | +164.0% |
| Financial charges | 65/66B | €17,838 | €15,695 | -€2,143 | -12.0% |
| Recurring financial charges | 65 | €17,838 | €15,695 | -€2,143 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €1,792 | €33,523 | +€31,730 | +1770.2% |
| Income taxes | 67/77 | €1,124 | €20,838 | +€19,714 | +1754.1% |
| Profit (loss) for the period | 9904 | €669 | €12,685 | +€12,016 | +1797.2% |
| Profit (loss) for the period to be appropriated | 9905 | €669 | €12,685 | +€12,016 | +1797.2% |
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 9 October 2026 via checked.be.