BCFDA: 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.
BCFDA
Largest movements
- Financial fixed assets +€300,000
up €300,000 (+67.2%), from €446,170 to €746,170
- Cash +€27,464
up €27,464 (+449.8%), from €6,106 to €33,570
mainly Debts after one year (+€155,490) and Net result for the year (+€86,047)
- Receivables within one year +€8,803
up €8,803 (+18.2%), from €48,310 to €57,113
of which Trade receivables: +€10,733
- Debts after one year +€155,490
up €155,490 (+96.4%), from €161,237 to €316,727
- Profit (loss) carried forward +€86,047
up €86,047 (+51.7%), from €166,301 to €252,348
- Other debts +€50,710
up €50,710 (+109.7%), from €46,214 to €96,924
- Current portion of long-term debt +€41,617
up €41,617 (+118.2%), from €35,220 to €76,837
- Tax, wage and social debts +€34,354
up €34,354 (+219.1%), from €15,678 to €50,032
of which Taxes: +€25,727
- Gross operating margin +€136,436
up €136,436 (+127.8%), from €106,740 to €243,176
- Staff costs +€46,711
up €46,711 (+76.1%), from €61,393 to €108,103
- Taxes +€20,498
up €20,498 (+226.8%), from €9,039 to €29,538
- Financial charges +€8,922
up €8,922 (+97.1%), from €9,190 to €18,111
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €502,306 | €840,407 | +€338,101 | +67.3% |
| Fixed assets | 21/28 | €447,889 | €746,944 | +€299,055 | +66.8% |
| Intangible fixed assets | 21 | €644 | €0 | -€644 | -100.0% |
| Tangible fixed assets | 22/27 | €1,076 | €774 | -€301 | -28.0% |
| Plant, machinery and equipment | 23 | €1,076 | €774 | -€301 | -28.0% |
| Financial fixed assets | 28 | €446,170 | €746,170 | +€300,000 | +67.2% |
| Current assets | 29/58 | €54,416 | €93,462 | +€39,046 | +71.8% |
| Amounts receivable within one year | 40/41 | €48,310 | €57,113 | +€8,803 | +18.2% |
| Trade receivables | 40 | €28,430 | €39,163 | +€10,733 | +37.8% |
| Other amounts receivable | 41 | €19,880 | €17,950 | -€1,930 | -9.7% |
| Cash at bank and in hand | 54/58 | €6,106 | €33,570 | +€27,464 | +449.8% |
| Deferred charges and accrued income | 490/1 | - | €2,779 | +€2,779 | |
| Total equity and liabilities | 10/49 | €502,306 | €840,407 | +€338,101 | +67.3% |
| Equity | 10/15 | €210,301 | €296,348 | +€86,047 | +40.9% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,301 | €252,348 | +€86,047 | +51.7% |
| Amounts payable | 17/49 | €292,005 | €544,059 | +€252,055 | +86.3% |
| Amounts payable after more than one year | 17 | €161,237 | €316,727 | +€155,490 | +96.4% |
| Financial debts | 170/4 | €161,237 | €316,727 | +€155,490 | +96.4% |
| Amounts payable within one year | 42/48 | €130,767 | €227,332 | +€96,565 | +73.8% |
| Current portion of amounts payable after more than one year | 42 | €35,220 | €76,837 | +€41,617 | +118.2% |
| Trade debts | 44 | €33,655 | €3,539 | -€30,116 | -89.5% |
| Suppliers | 440/4 | €33,655 | €3,539 | -€30,116 | -89.5% |
| Taxes, remuneration and social security | 45 | €15,678 | €50,032 | +€34,354 | +219.1% |
| Taxes | 450/3 | €4,495 | €30,221 | +€25,727 | +572.4% |
| Remuneration and social security | 454/9 | €11,183 | €19,811 | +€8,628 | +77.1% |
| Other amounts payable | 47/48 | €46,214 | €96,924 | +€50,710 | +109.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €61,393 | €108,103 | +€46,711 | +76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,230 | €945 | -€285 | -23.2% |
| Other operating charges | 640/8 | €443 | €432 | -€11 | -2.6% |
| Gross operating margin | 9900 | €106,740 | €243,176 | +€136,436 | +127.8% |
| Operating profit (loss) | 9901 | €43,674 | €133,696 | +€90,022 | +206.1% |
| Financial charges | 65/66B | €9,190 | €18,111 | +€8,922 | +97.1% |
| Recurring financial charges | 65 | €9,190 | €18,111 | +€8,922 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €34,484 | €115,584 | +€81,100 | +235.2% |
| Income taxes | 67/77 | €9,039 | €29,538 | +€20,498 | +226.8% |
| Profit (loss) for the period | 9904 | €25,445 | €86,047 | +€60,602 | +238.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,445 | €86,047 | +€60,602 | +238.2% |
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 6 October 2026 via checked.be.