BF & A TRADING: 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.
BF & A TRADING
Largest movements
- Tangible fixed assets +€58,287
up €58,287 (+117%), from €50,007 to €108,294
of which Furniture and vehicles: +€72,478
- Receivables within one year -€14,634
down €14,634 (-36.4%), from €40,218 to €25,584
of which Trade receivables: -€13,276
- Current portion of long-term debt +€17,863
up €17,863 (+66.7%), from €26,764 to €44,627
- Reserves +€12,500
up €12,500 (+11.6%), from €107,620 to €120,120
- Debts after one year +€12,190
up €12,190 (+15.2%), from €80,265 to €92,455
of which Financial debts: +€71,438
- Other debts -€10,509
down €10,509 (-47.0%), from €22,370 to €11,861
- Tax, wage and social debts +€10,205
up €10,205 (+27.8%), from €36,666 to €46,871
of which Remuneration and social security: +€6,000
- Gross operating margin +€16,520
up €16,520 (+36.6%), from €45,081 to €61,601
- Depreciation +€11,456
up €11,456 (+63.4%), from €18,072 to €29,529
- Taxes +€1,898
up €1,898 (+29.9%), from €6,357 to €8,255
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 | €418,611 | €463,582 | +€44,971 | +10.7% |
| Fixed assets | 21/28 | €361,887 | €420,174 | +€58,287 | +16.1% |
| Tangible fixed assets | 22/27 | €50,007 | €108,294 | +€58,287 | +117% |
| Plant, machinery and equipment | 23 | €468 | €150 | -€318 | -68.0% |
| Furniture and vehicles | 24 | €10,898 | €83,376 | +€72,478 | +665% |
| Leasing and similar rights | 25 | €38,641 | €24,768 | -€13,873 | -35.9% |
| Financial fixed assets | 28 | €311,880 | €311,880 | = | 0.0% |
| Current assets | 29/58 | €56,724 | €43,408 | -€13,317 | -23.5% |
| Amounts receivable within one year | 40/41 | €40,218 | €25,584 | -€14,634 | -36.4% |
| Trade receivables | 40 | €18,915 | €5,639 | -€13,276 | -70.2% |
| Other amounts receivable | 41 | €21,304 | €19,946 | -€1,358 | -6.4% |
| Cash at bank and in hand | 54/58 | €4,779 | €6,839 | +€2,060 | +43.1% |
| Deferred charges and accrued income | 490/1 | €11,727 | €10,985 | -€742 | -6.3% |
| Total equity and liabilities | 10/49 | €418,611 | €463,582 | +€44,971 | +10.7% |
| Equity | 10/15 | €239,226 | €251,770 | +€12,543 | +5.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €107,620 | €120,120 | +€12,500 | +11.6% |
| Distributable reserves | 133 | €107,620 | €120,120 | +€12,500 | +11.6% |
| Profit (loss) carried forward | 14 | €112,856 | €112,900 | +€43 | 0.0% |
| Amounts payable | 17/49 | €179,385 | €211,812 | +€32,427 | +18.1% |
| Amounts payable after more than one year | 17 | €80,265 | €92,455 | +€12,190 | +15.2% |
| Financial debts | 170/4 | €21,017 | €92,455 | +€71,438 | +340% |
| Other amounts payable | 178/9 | €59,248 | - | -€59,248 | |
| Amounts payable within one year | 42/48 | €97,243 | €117,697 | +€20,453 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €26,764 | €44,627 | +€17,863 | +66.7% |
| Trade debts | 44 | €11,443 | €14,338 | +€2,895 | +25.3% |
| Suppliers | 440/4 | €11,443 | €14,338 | +€2,895 | +25.3% |
| Taxes, remuneration and social security | 45 | €36,666 | €46,871 | +€10,205 | +27.8% |
| Taxes | 450/3 | €36,666 | €40,871 | +€4,205 | +11.5% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €22,370 | €11,861 | -€10,509 | -47.0% |
| Accrued charges and deferred income | 492/3 | €1,876 | €1,660 | -€216 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,072 | €29,529 | +€11,456 | +63.4% |
| Other operating charges | 640/8 | €2,264 | €2,002 | -€262 | -11.6% |
| Non-recurring operating charges | 66A | - | €294 | +€294 | |
| Gross operating margin | 9900 | €45,081 | €61,601 | +€16,520 | +36.6% |
| Operating profit (loss) | 9901 | €24,745 | €29,777 | +€5,032 | +20.3% |
| Financial income | 75/76B | €170 | €234 | +€64 | +37.7% |
| Recurring financial income | 75 | €170 | €234 | +€64 | +37.7% |
| Financial charges | 65/66B | €9,047 | €9,213 | +€166 | +1.8% |
| Recurring financial charges | 65 | €9,047 | €9,213 | +€166 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €15,867 | €20,798 | +€4,931 | +31.1% |
| Income taxes | 67/77 | €6,357 | €8,255 | +€1,898 | +29.9% |
| Profit (loss) for the period | 9904 | €9,511 | €12,543 | +€3,033 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,511 | €12,543 | +€3,033 | +31.9% |
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 19 October 2026 via checked.be.