BDFC: 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.
BDFC
Largest movements
- Cash -€13,792
down €13,792 (-79.9%), from €17,255 to €3,463
mainly Trade debts (-€19,696) and Other debts (-€11,059)
- Tangible fixed assets -€3,882
down €3,882 (-7.3%), from €53,526 to €49,644
of which Plant, machinery and equipment: -€6,035
- Stocks and contracts -€1,005
down €1,005 (-49.0%), from €2,050 to €1,045
- Trade debts -€19,696
down €19,696 (-45.9%), from €42,913 to €23,217
- Other debts -€11,059
down €11,059 (-38.0%), from €29,084 to €18,026
- Profit (loss) carried forward +€8,860
up €8,860, from -€800 to €8,060
- Tax, wage and social debts +€3,191
up €3,191 (+167.8%), from €1,901 to €5,092
of which Taxes: +€2,591
- Gross operating margin +€16,776
up €16,776 (+214.5%), from €7,822 to €24,598
- Depreciation +€3,455
up €3,455 (+53.4%), from €6,470 to €9,925
- Taxes +€2,109
new in 2025: €2,109
- Other operating charges +€982
up €982 (+90.8%), from €1,082 to €2,064
- Financial charges +€607
up €607 (+56.7%), from €1,071 to €1,678
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 | €74,099 | €55,395 | -€18,703 | -25.2% |
| Fixed assets | 21/28 | €53,526 | €49,644 | -€3,882 | -7.3% |
| Tangible fixed assets | 22/27 | €53,526 | €49,644 | -€3,882 | -7.3% |
| Plant, machinery and equipment | 23 | €45,493 | €39,458 | -€6,035 | -13.3% |
| Furniture and vehicles | 24 | €8,033 | €10,186 | +€2,153 | +26.8% |
| Current assets | 29/58 | €20,573 | €5,752 | -€14,822 | -72.0% |
| Stocks and contracts in progress | 3 | €2,050 | €1,045 | -€1,005 | -49.0% |
| Stocks | 30/36 | €2,050 | €1,045 | -€1,005 | -49.0% |
| Amounts receivable within one year | 40/41 | €612 | €483 | -€129 | -21.1% |
| Trade receivables | 40 | €462 | €483 | +€21 | +4.5% |
| Other amounts receivable | 41 | €150 | - | -€150 | |
| Cash at bank and in hand | 54/58 | €17,255 | €3,463 | -€13,792 | -79.9% |
| Deferred charges and accrued income | 490/1 | €656 | €760 | +€104 | +15.9% |
| Total equity and liabilities | 10/49 | €74,099 | €55,395 | -€18,703 | -25.2% |
| Equity | 10/15 | €200 | €9,060 | +€8,860 | +4422.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€800 | €8,060 | +€8,860 | |
| Amounts payable | 17/49 | €73,899 | €46,335 | -€27,563 | -37.3% |
| Amounts payable within one year | 42/48 | €73,899 | €46,335 | -€27,563 | -37.3% |
| Trade debts | 44 | €42,913 | €23,217 | -€19,696 | -45.9% |
| Suppliers | 440/4 | €42,913 | €23,217 | -€19,696 | -45.9% |
| Taxes, remuneration and social security | 45 | €1,901 | €5,092 | +€3,191 | +167.8% |
| Taxes | 450/3 | €401 | €2,992 | +€2,591 | +645.9% |
| Remuneration and social security | 454/9 | €1,500 | €2,100 | +€600 | +40.0% |
| Other amounts payable | 47/48 | €29,084 | €18,026 | -€11,059 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,470 | €9,925 | +€3,455 | +53.4% |
| Other operating charges | 640/8 | €1,082 | €2,064 | +€982 | +90.8% |
| Gross operating margin | 9900 | €7,822 | €24,598 | +€16,776 | +214.5% |
| Operating profit (loss) | 9901 | €271 | €12,609 | +€12,338 | +4560.0% |
| Financial income | 75/76B | €1 | €38 | +€37 | +6798.2% |
| Recurring financial income | 75 | €1 | €38 | +€37 | +6798.2% |
| Financial charges | 65/66B | €1,071 | €1,678 | +€607 | +56.7% |
| Recurring financial charges | 65 | €1,071 | €1,678 | +€607 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | -€800 | €10,969 | +€11,769 | |
| Income taxes | 67/77 | - | €2,109 | +€2,109 | |
| Profit (loss) for the period | 9904 | -€800 | €8,860 | +€9,660 | |
| Profit (loss) for the period to be appropriated | 9905 | -€800 | €8,860 | +€9,660 |
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 10 October 2026 via checked.be.