BF COMPANY: 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 COMPANY
Largest movements
- Cash +€34,264
up €34,264 (+110%), from €31,062 to €65,326
mainly Net result for the year (+€61,103) and Tax, wage and social debts (+€37,431)
- Receivables within one year +€32,849
up €32,849 (+32.7%), from €100,392 to €133,242
of which Trade receivables: +€78,898
- Current investments +€17,506
up €17,506 (+3,501%), from €500 to €18,006
- Financial fixed assets -€13,021
no longer reported in 2025 (was €13,021)
- Tangible fixed assets +€3,702
up €3,702 (+31.6%), from €11,707 to €15,409
of which Furniture and vehicles: +€2,156
- Tax, wage and social debts +€37,431
up €37,431 (+182%), from €20,516 to €57,947
- Reserves +€29,500
up €29,500 (+50.9%), from €58,000 to €87,500
of which Non-distributable reserves: +€29,500
- Trade debts +€5,139
up €5,139 (+49.6%), from €10,364 to €15,503
- Gross operating margin +€79,379
up €79,379 (+312%), from €25,429 to €104,809
- Taxes +€32,535
up €32,535 (+449%), from €7,244 to €39,779
- Other operating charges -€4,289
down €4,289 (-87.9%), from €4,879 to €590
- Financial charges -€2,435
down €2,435 (-45.9%), from €5,308 to €2,873
of which Non-recurring financial charges: -€1,591
- Depreciation +€1,943
up €1,943 (+179%), from €1,083 to €3,025
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 | €157,505 | €233,357 | +€75,852 | +48.2% |
| Fixed assets | 21/28 | €24,728 | €15,409 | -€9,319 | -37.7% |
| Tangible fixed assets | 22/27 | €11,707 | €15,409 | +€3,702 | +31.6% |
| Plant, machinery and equipment | 23 | - | €1,546 | +€1,546 | |
| Furniture and vehicles | 24 | €11,707 | €13,863 | +€2,156 | +18.4% |
| Financial fixed assets | 28 | €13,021 | - | -€13,021 | |
| Current assets | 29/58 | €132,777 | €217,948 | +€85,171 | +64.1% |
| Amounts receivable within one year | 40/41 | €100,392 | €133,242 | +€32,849 | +32.7% |
| Trade receivables | 40 | €54,344 | €133,242 | +€78,898 | +145% |
| Other amounts receivable | 41 | €46,048 | - | -€46,048 | |
| Current investments | 50/53 | €500 | €18,006 | +€17,506 | +3,501% |
| Cash at bank and in hand | 54/58 | €31,062 | €65,326 | +€34,264 | +110% |
| Deferred charges and accrued income | 490/1 | €822 | €1,375 | +€552 | +67.2% |
| Total equity and liabilities | 10/49 | €157,505 | €233,357 | +€75,852 | +48.2% |
| Equity | 10/15 | €111,241 | €141,844 | +€30,603 | +27.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €58,000 | €87,500 | +€29,500 | +50.9% |
| Non-distributable reserves | 130/1 | €56,000 | €85,500 | +€29,500 | +52.7% |
| Reserves not available under the articles | 1311 | €56,000 | €85,500 | +€29,500 | +52.7% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,241 | €34,344 | +€1,103 | +3.3% |
| Amounts payable | 17/49 | €46,264 | €91,513 | +€45,249 | +97.8% |
| Amounts payable within one year | 42/48 | €46,264 | €91,513 | +€45,249 | +97.8% |
| Financial debts | 43 | €1,884 | €3,561 | +€1,677 | +89.0% |
| Credit institutions | 430/8 | €1,884 | €3,561 | +€1,677 | +89.0% |
| Trade debts | 44 | €10,364 | €15,503 | +€5,139 | +49.6% |
| Suppliers | 440/4 | €10,364 | €15,503 | +€5,139 | +49.6% |
| Taxes, remuneration and social security | 45 | €20,516 | €57,947 | +€37,431 | +182% |
| Taxes | 450/3 | €20,516 | €57,947 | +€37,431 | +182% |
| Other amounts payable | 47/48 | €13,500 | €14,503 | +€1,003 | +7.4% |
| Non-recurring operating income | 76A | €4,391 | - | -€4,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,083 | €3,025 | +€1,943 | +179% |
| Other operating charges | 640/8 | €4,879 | €590 | -€4,289 | -87.9% |
| Gross operating margin | 9900 | €25,429 | €104,809 | +€79,379 | +312% |
| Operating profit (loss) | 9901 | €19,467 | €101,193 | +€81,726 | +420% |
| Financial income | 75/76B | €3,919 | €2,562 | -€1,358 | -34.6% |
| Recurring financial income | 75 | €3,919 | €2,562 | -€1,358 | -34.6% |
| Financial charges | 65/66B | €5,308 | €2,873 | -€2,435 | -45.9% |
| Recurring financial charges | 65 | €3,717 | €2,873 | -€844 | -22.7% |
| Non-recurring financial charges | 66B | €1,591 | - | -€1,591 | |
| Profit (loss) for the period before taxes | 9903 | €18,078 | €100,881 | +€82,803 | +458% |
| Income taxes | 67/77 | €7,244 | €39,779 | +€32,535 | +449% |
| Profit (loss) for the period | 9904 | €10,834 | €61,103 | +€50,269 | +464% |
| Profit (loss) for the period to be appropriated | 9905 | €10,834 | €61,103 | +€50,269 | +464% |
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 23 October 2026 via checked.be.