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BCF Mithril: what changed

Two fiscal 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

BCF Mithril

BE 0780.985.305
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€29,510
2024 · €18,055+€11,455
Equity
€45,810
2024 · €45,810
Cash
€72,082
2024 · €39,878+€32,204
Balance sheet total
€116,394
2024 · €59,941+€56,453

Largest movements

2024 to 2025
Assets
  • Cash +€32,204

    up €32,204 (+80.8%), from €39,878 to €72,082

    mainly Net result for the year (+€29,510) and Other debts (+€29,095)

  • Financial fixed assets +€21,210

    up €21,210 (+3535.0%), from €600 to €21,810

  • Receivables within one year +€2,293

    up €2,293 (+12.2%), from €18,862 to €21,155

    of which Other amounts receivable: +€2,414

Equity and liabilities
  • Other debts +€29,095

    up €29,095 (+991.2%), from €2,935 to €32,030

  • Debts after one year +€15,427

    new in 2025: €15,427

  • Tax, wage and social debts +€6,584

    up €6,584 (+63.8%), from €10,314 to €16,898

    of which Remuneration and social security: +€4,507

  • Current portion of long-term debt +€4,999

    new in 2025: €4,999

Income statement
  • Gross operating margin +€25,549

    up €25,549 (+110.8%), from €23,064 to €48,612

  • Staff costs +€12,833

    new in 2025: €12,833

  • Taxes +€750

    up €750 (+11.0%), from €6,812 to €7,562

From the 2024 result to the 2025 result

effect on the 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 €18,055
Gross operating margin +€25,549
Staff costs -€12,833
Other operating charges -€19
Financial income -€245
Financial charges -€247
Taxes -€750
Result 2025 €29,510

Cash bridge derived

cash 2024 to 2025

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 +€62,498
Investment -€21,210
Financing -€9,084
Cash 2024 €39,878
Net result for the year +€29,510
Receivables within one year -€2,293
Deferred charges and accrued income -€747
Trade debts +€284
Tax, wage and social debts +€6,584
Other debts +€29,095
Accrued charges and deferred income +€65
Investment in fixed assets (net) -€21,210
Debts after one year +€15,427
Current portion of long-term debt +€4,999
Contributions, distributions and other -€29,510
Cash 2025 €72,082
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €59,941 €116,394 +€56,453 +94.2%
Fixed assets 21/28 €600 €21,810 +€21,210 +3535.0%
Financial fixed assets 28 €600 €21,810 +€21,210 +3535.0%
Current assets 29/58 €59,341 €94,584 +€35,243 +59.4%
Amounts receivable within one year 40/41 €18,862 €21,155 +€2,293 +12.2%
Trade receivables 40 €12,268 €12,146 -€122 -1.0%
Other amounts receivable 41 €6,594 €9,009 +€2,414 +36.6%
Cash at bank and in hand 54/58 €39,878 €72,082 +€32,204 +80.8%
Deferred charges and accrued income 490/1 €600 €1,347 +€747 +124.4%
Total equity and liabilities 10/49 €59,941 €116,394 +€56,453 +94.2%
Equity 10/15 €45,810 €45,810 = 0.0%
Contributions 10/11 €2,500 €2,500 = 0.0%
Reserves 13 €43,310 €43,310 = 0.0%
Distributable reserves 133 €43,310 €43,310 = 0.0%
Amounts payable 17/49 €14,131 €70,584 +€56,453 +399.5%
Amounts payable after more than one year 17 - €15,427 +€15,427
Financial debts 170/4 - €15,427 +€15,427
Amounts payable within one year 42/48 €14,027 €54,987 +€40,961 +292.0%
Current portion of amounts payable after more than one year 42 - €4,999 +€4,999
Trade debts 44 €777 €1,061 +€284 +36.5%
Suppliers 440/4 €777 €1,061 +€284 +36.5%
Taxes, remuneration and social security 45 €10,314 €16,898 +€6,584 +63.8%
Taxes 450/3 €10,058 €12,135 +€2,077 +20.6%
Remuneration and social security 454/9 €256 €4,762 +€4,507 +1762.7%
Other amounts payable 47/48 €2,935 €32,030 +€29,095 +991.2%
Accrued charges and deferred income 492/3 €104 €169 +€65 +62.4%
Remuneration, social security and pensions 62 - €12,833 +€12,833
Other operating charges 640/8 €622 €641 +€19 +3.0%
Gross operating margin 9900 €23,064 €48,612 +€25,549 +110.8%
Operating profit (loss) 9901 €22,442 €35,138 +€12,697 +56.6%
Financial income 75/76B €3,315 €3,069 -€245 -7.4%
Recurring financial income 75 €3,315 €3,069 -€245 -7.4%
Financial charges 65/66B €889 €1,136 +€247 +27.7%
Recurring financial charges 65 €889 €1,136 +€247 +27.7%
Profit (loss) for the period before taxes 9903 €24,867 €37,072 +€12,205 +49.1%
Income taxes 67/77 €6,812 €7,562 +€750 +11.0%
Profit (loss) for the period 9904 €18,055 €29,510 +€11,455 +63.4%
Profit (loss) for the period to be appropriated 9905 €18,055 €29,510 +€11,455 +63.4%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.