BEFRIN: 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.
BEFRIN
Largest movements
- Receivables within one year +€49,752
up €49,752 (+65.1%), from €76,398 to €126,150
of which Other amounts receivable: +€43,920
- Cash +€20,029
up €20,029 (+39.1%), from €51,246 to €71,275
mainly Net result for the year (+€68,182) and Other debts (+€21,056)
- Tangible fixed assets -€4,988
down €4,988 (-13.3%), from €37,589 to €32,601
of which Furniture and vehicles: -€7,659
- Profit (loss) carried forward +€68,182
up €68,182 (+65.8%), from €103,578 to €171,760
- Other debts +€21,056
up €21,056 (+278.0%), from €7,575 to €28,631
- Tax, wage and social debts -€11,225
down €11,225 (-37.7%), from €29,743 to €18,518
of which Taxes: -€11,475
- Trade debts -€11,090
down €11,090 (-44.2%), from €25,079 to €13,989
- Gross operating margin +€25,235
up €25,235 (+23.5%), from €107,436 to €132,671
- Staff costs +€9,218
up €9,218 (+50.4%), from €18,303 to €27,521
- Depreciation +€7,739
up €7,739 (+74.7%), from €10,360 to €18,100
- Taxes +€2,003
up €2,003 (+12.2%), from €16,403 to €18,407
- Financial income +€1,976
up €1,976 (+47.2%), from €4,182 to €6,157
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 | €170,975 | €237,898 | +€66,922 | +39.1% |
| Fixed assets | 21/28 | €37,589 | €32,601 | -€4,988 | -13.3% |
| Tangible fixed assets | 22/27 | €37,589 | €32,601 | -€4,988 | -13.3% |
| Plant, machinery and equipment | 23 | €1,722 | €4,393 | +€2,671 | +155.1% |
| Furniture and vehicles | 24 | €35,867 | €28,208 | -€7,659 | -21.4% |
| Current assets | 29/58 | €133,386 | €205,297 | +€71,911 | +53.9% |
| Amounts receivable within one year | 40/41 | €76,398 | €126,150 | +€49,752 | +65.1% |
| Trade receivables | 40 | €10 | €5,842 | +€5,832 | +60373.2% |
| Other amounts receivable | 41 | €76,388 | €120,309 | +€43,920 | +57.5% |
| Cash at bank and in hand | 54/58 | €51,246 | €71,275 | +€20,029 | +39.1% |
| Deferred charges and accrued income | 490/1 | €5,742 | €7,872 | +€2,130 | +37.1% |
| Total equity and liabilities | 10/49 | €170,975 | €237,898 | +€66,922 | +39.1% |
| Equity | 10/15 | €108,578 | €176,760 | +€68,182 | +62.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,578 | €171,760 | +€68,182 | +65.8% |
| Amounts payable | 17/49 | €62,398 | €61,138 | -€1,259 | -2.0% |
| Amounts payable within one year | 42/48 | €62,398 | €61,138 | -€1,259 | -2.0% |
| Trade debts | 44 | €25,079 | €13,989 | -€11,090 | -44.2% |
| Suppliers | 440/4 | €25,079 | €13,989 | -€11,090 | -44.2% |
| Taxes, remuneration and social security | 45 | €29,743 | €18,518 | -€11,225 | -37.7% |
| Taxes | 450/3 | €29,717 | €18,242 | -€11,475 | -38.6% |
| Remuneration and social security | 454/9 | €27 | €276 | +€249 | +925.9% |
| Other amounts payable | 47/48 | €7,575 | €28,631 | +€21,056 | +278.0% |
| Remuneration, social security and pensions | 62 | €18,303 | €27,521 | +€9,218 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,360 | €18,100 | +€7,739 | +74.7% |
| Other operating charges | 640/8 | €1,138 | €1,981 | +€844 | +74.2% |
| Gross operating margin | 9900 | €107,436 | €132,671 | +€25,235 | +23.5% |
| Operating profit (loss) | 9901 | €77,635 | €85,070 | +€7,434 | +9.6% |
| Financial income | 75/76B | €4,182 | €6,157 | +€1,976 | +47.2% |
| Recurring financial income | 75 | €4,182 | €6,157 | +€1,976 | +47.2% |
| Financial charges | 65/66B | €3,330 | €4,638 | +€1,308 | +39.3% |
| Recurring financial charges | 65 | €3,330 | €4,638 | +€1,308 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €78,487 | €86,589 | +€8,101 | +10.3% |
| Income taxes | 67/77 | €16,403 | €18,407 | +€2,003 | +12.2% |
| Profit (loss) for the period | 9904 | €62,084 | €68,182 | +€6,098 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,084 | €68,182 | +€6,098 | +9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.