BAFISCO: 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.
BAFISCO
Largest movements
- Financial fixed assets -€287,500
down €287,500 (-99.9%), from €287,793 to €293
- Receivables within one year +€235,883
up €235,883 (+455.7%), from €51,760 to €287,643
of which Other amounts receivable: +€226,203
- Cash +€129,273
up €129,273 (+203.0%), from €63,688 to €192,960
mainly Net result for the year (+€360,199) and Investment in fixed assets (net) (+€287,500)
- Deferred charges and accrued income +€13,707
new in 2024: €13,707
- Tangible fixed assets -€7,765
down €7,765 (-45.2%), from €17,190 to €9,425
of which Furniture and vehicles: -€6,824
- Other debts +€259,374
up €259,374 (+3536.5%), from €7,334 to €266,708
- Debts after one year -€204,178
down €204,178 (-98.4%), from €207,497 to €3,319
- Profit (loss) carried forward +€60,199
up €60,199 (+40.3%), from €149,256 to €209,456
- Current portion of long-term debt -€20,621
down €20,621 (-50.6%), from €40,734 to €20,114
- Tax, wage and social debts -€7,066
no longer reported in 2024 (was €7,066)
- Financial income +€325,884
up €325,884 (+362093277.8%), from €0 to €325,884
of which Non-recurring financial income: +€312,500
- Gross operating margin +€25,723
up €25,723 (+51.5%), from €49,994 to €75,716
- Financial charges +€10,107
up €10,107 (+154.3%), from €6,550 to €16,657
- Taxes +€1,547
up €1,547 (+11.7%), from €13,235 to €14,782
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,431 | €507,528 | +€87,097 | +20.7% |
| Fixed assets | 21/28 | €304,984 | €9,718 | -€295,265 | -96.8% |
| Tangible fixed assets | 22/27 | €17,190 | €9,425 | -€7,765 | -45.2% |
| Furniture and vehicles | 24 | €13,052 | €6,228 | -€6,824 | -52.3% |
| Other tangible fixed assets | 26 | €4,138 | €3,197 | -€942 | -22.8% |
| Financial fixed assets | 28 | €287,793 | €293 | -€287,500 | -99.9% |
| Current assets | 29/58 | €115,447 | €497,810 | +€382,363 | +331.2% |
| Amounts receivable within one year | 40/41 | €51,760 | €287,643 | +€235,883 | +455.7% |
| Trade receivables | 40 | - | €9,680 | +€9,680 | |
| Other amounts receivable | 41 | €51,760 | €277,963 | +€226,203 | +437.0% |
| Current investments | 50/53 | - | €3,500 | +€3,500 | |
| Cash at bank and in hand | 54/58 | €63,688 | €192,960 | +€129,273 | +203.0% |
| Deferred charges and accrued income | 490/1 | - | €13,707 | +€13,707 | |
| Total equity and liabilities | 10/49 | €420,431 | €507,528 | +€87,097 | +20.7% |
| Equity | 10/15 | €152,256 | €212,456 | +€60,199 | +39.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,256 | €209,456 | +€60,199 | +40.3% |
| Amounts payable | 17/49 | €268,175 | €295,073 | +€26,898 | +10.0% |
| Amounts payable after more than one year | 17 | €207,497 | €3,319 | -€204,178 | -98.4% |
| Financial debts | 170/4 | €207,497 | €3,319 | -€204,178 | -98.4% |
| Amounts payable within one year | 42/48 | €60,677 | €291,753 | +€231,076 | +380.8% |
| Current portion of amounts payable after more than one year | 42 | €40,734 | €20,114 | -€20,621 | -50.6% |
| Trade debts | 44 | €5,543 | €4,932 | -€611 | -11.0% |
| Suppliers | 440/4 | €5,543 | €4,932 | -€611 | -11.0% |
| Taxes, remuneration and social security | 45 | €7,066 | - | -€7,066 | |
| Taxes | 450/3 | €7,066 | - | -€7,066 | |
| Other amounts payable | 47/48 | €7,334 | €266,708 | +€259,374 | +3536.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,701 | €7,765 | +€65 | +0.8% |
| Other operating charges | 640/8 | €2,403 | €2,197 | -€206 | -8.6% |
| Non-recurring operating charges | 66A | €803 | - | -€803 | |
| Gross operating margin | 9900 | €49,994 | €75,716 | +€25,723 | +51.5% |
| Operating profit (loss) | 9901 | €39,087 | €65,754 | +€26,667 | +68.2% |
| Financial income | 75/76B | €0 | €325,884 | +€325,884 | +362093277.8% |
| Recurring financial income | 75 | €0 | €13,384 | +€13,384 | +14871055.6% |
| Non-recurring financial income | 76B | - | €312,500 | +€312,500 | |
| Financial charges | 65/66B | €6,550 | €16,657 | +€10,107 | +154.3% |
| Recurring financial charges | 65 | €6,550 | €16,657 | +€10,107 | +154.3% |
| Profit (loss) for the period before taxes | 9903 | €32,538 | €374,982 | +€342,444 | +1052.5% |
| Income taxes | 67/77 | €13,235 | €14,782 | +€1,547 | +11.7% |
| Profit (loss) for the period | 9904 | €19,302 | €360,199 | +€340,897 | +1766.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,302 | €360,199 | +€340,897 | +1766.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.