BEFRO: 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.
BEFRO
Largest movements
- Receivables within one year -€28,297
down €28,297 (-73.6%), from €38,451 to €10,154
of which Trade receivables: -€22,491
- Tangible fixed assets -€15,600
down €15,600 (-7.8%), from €200,851 to €185,252
of which Land and buildings: -€14,715
- Cash +€5,213
up €5,213 (+230%), from €2,264 to €7,477
mainly Receivables within one year (+€28,297) and Depreciation (+€15,600)
- Deferred charges and accrued income -€4,614
down €4,614 (-15.3%), from €30,114 to €25,500
- Debts after one year -€17,312
down €17,312 (-26.6%), from €65,098 to €47,786
- Profit (loss) carried forward -€16,693
down €16,693 (-175%), from -€9,533 to -€26,226
- Trade debts -€9,923
down €9,923 (-11.2%), from €88,824 to €78,901
- Gross operating margin -€2,262
down €2,262 (-45.9%), from €4,923 to €2,661
- Financial charges -€321
down €321 (-17.8%), from €1,807 to €1,486
- Other operating charges -€90
down €90 (-3.7%), from €2,404 to €2,315
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.
Derived cash bridge
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 | €271,680 | €228,383 | -€43,297 | -15.9% |
| Fixed assets | 21/28 | €200,851 | €185,252 | -€15,600 | -7.8% |
| Tangible fixed assets | 22/27 | €200,851 | €185,252 | -€15,600 | -7.8% |
| Land and buildings | 22 | €193,033 | €178,318 | -€14,715 | -7.6% |
| Furniture and vehicles | 24 | €7,818 | €6,934 | -€885 | -11.3% |
| Current assets | 29/58 | €70,829 | €43,131 | -€27,697 | -39.1% |
| Amounts receivable within one year | 40/41 | €38,451 | €10,154 | -€28,297 | -73.6% |
| Trade receivables | 40 | €22,491 | - | -€22,491 | |
| Other amounts receivable | 41 | €15,960 | €10,154 | -€5,806 | -36.4% |
| Cash at bank and in hand | 54/58 | €2,264 | €7,477 | +€5,213 | +230% |
| Deferred charges and accrued income | 490/1 | €30,114 | €25,500 | -€4,614 | -15.3% |
| Total equity and liabilities | 10/49 | €271,680 | €228,383 | -€43,297 | -15.9% |
| Equity | 10/15 | €89,379 | €72,686 | -€16,693 | -18.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €86,512 | €86,512 | = | 0.0% |
| Distributable reserves | 133 | €86,512 | €86,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,533 | -€26,226 | -€16,693 | -175% |
| Amounts payable | 17/49 | €182,301 | €155,697 | -€26,604 | -14.6% |
| Amounts payable after more than one year | 17 | €65,098 | €47,786 | -€17,312 | -26.6% |
| Financial debts | 170/4 | €65,098 | €47,786 | -€17,312 | -26.6% |
| Amounts payable within one year | 42/48 | €106,203 | €96,910 | -€9,293 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €16,990 | €17,312 | +€322 | +1.9% |
| Trade debts | 44 | €88,824 | €78,901 | -€9,923 | -11.2% |
| Suppliers | 440/4 | €88,824 | €78,901 | -€9,923 | -11.2% |
| Other amounts payable | 47/48 | €389 | €697 | +€308 | +79.2% |
| Accrued charges and deferred income | 492/3 | €11,000 | €11,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,600 | €15,600 | = | 0.0% |
| Other operating charges | 640/8 | €2,404 | €2,315 | -€90 | -3.7% |
| Gross operating margin | 9900 | €4,923 | €2,661 | -€2,262 | -45.9% |
| Operating profit (loss) | 9901 | -€13,081 | -€15,253 | -€2,172 | -16.6% |
| Financial income | 75/76B | - | €47 | +€47 | |
| Recurring financial income | 75 | - | €47 | +€47 | |
| Financial charges | 65/66B | €1,807 | €1,486 | -€321 | -17.8% |
| Recurring financial charges | 65 | €1,807 | €1,486 | -€321 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,888 | -€16,693 | -€1,804 | -12.1% |
| Profit (loss) for the period | 9904 | -€14,888 | -€16,693 | -€1,804 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,888 | -€16,693 | -€1,804 | -12.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.