BF CONCEPT: 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 CONCEPT
Largest movements
- Current investments +€1.0m
up €1.0m (+100.0%), from €1.0m to €2.0m
- Financial fixed assets +€503,800
up €503,800 (+14.2%), from €3.6m to €4.1m
- Cash -€477,029
down €477,029 (-72.1%), from €661,698 to €184,668
mainly Current investments (-€1.0m) and Investment in fixed assets (net) (-€549,586)
- Other debts +€975,054
up €975,054 (+15.5%), from €6.3m to €7.3m
- Gross operating margin -€554,769
down €554,769 (-91.6%), from €605,314 to €50,545
- Taxes -€23,291
down €23,291 (-68.3%), from €34,108 to €10,817
- Financial income +€13,710
up €13,710 (+16.5%), from €83,242 to €96,952
- Financial charges -€8,671
down €8,671 (-46.7%), from €18,550 to €9,879
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 | €7,842,970 | €8,842,447 | +€999,477 | +12.7% |
| Fixed assets | 21/28 | €6,181,045 | €6,639,442 | +€458,397 | +7.4% |
| Tangible fixed assets | 22/27 | €2,628,136 | €2,582,733 | -€45,403 | -1.7% |
| Land and buildings | 22 | €2,628,136 | €2,582,733 | -€45,403 | -1.7% |
| Financial fixed assets | 28 | €3,552,909 | €4,056,709 | +€503,800 | +14.2% |
| Current assets | 29/58 | €1,661,925 | €2,203,005 | +€541,080 | +32.6% |
| Amounts receivable within one year | 40/41 | - | €18,337 | +€18,337 | |
| Other amounts receivable | 41 | - | €18,337 | +€18,337 | |
| Current investments | 50/53 | €1,000,000 | €2,000,000 | +€1.0m | +100.0% |
| Cash at bank and in hand | 54/58 | €661,698 | €184,668 | -€477,029 | -72.1% |
| Deferred charges and accrued income | 490/1 | €228 | - | -€228 | |
| Total equity and liabilities | 10/49 | €7,842,970 | €8,842,447 | +€999,477 | +12.7% |
| Equity | 10/15 | €1,546,886 | €1,569,320 | +€22,434 | +1.5% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €21,000 | €21,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,000 | €21,000 | = | 0.0% |
| Legal reserve | 130 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €275,886 | €298,320 | +€22,434 | +8.1% |
| Amounts payable | 17/49 | €6,296,084 | €7,273,127 | +€977,043 | +15.5% |
| Amounts payable within one year | 42/48 | €6,296,084 | €7,273,127 | +€977,043 | +15.5% |
| Trade debts | 44 | €163 | €2,152 | +€1,989 | +1216.7% |
| Suppliers | 440/4 | €163 | €2,152 | +€1,989 | +1216.7% |
| Taxes, remuneration and social security | 45 | €9,246 | €9,246 | = | 0.0% |
| Taxes | 450/3 | €9,246 | €9,246 | = | 0.0% |
| Other amounts payable | 47/48 | €6,286,674 | €7,261,728 | +€975,054 | +15.5% |
| Non-recurring operating income | 76A | €534,233 | - | -€534,233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,739 | €91,190 | +€451 | +0.5% |
| Other operating charges | 640/8 | €15,901 | €13,178 | -€2,724 | -17.1% |
| Gross operating margin | 9900 | €605,314 | €50,545 | -€554,769 | -91.6% |
| Operating profit (loss) | 9901 | €498,673 | -€53,822 | -€552,496 | |
| Financial income | 75/76B | €83,242 | €96,952 | +€13,710 | +16.5% |
| Recurring financial income | 75 | €83,242 | €96,952 | +€13,710 | +16.5% |
| Financial charges | 65/66B | €18,550 | €9,879 | -€8,671 | -46.7% |
| Recurring financial charges | 65 | €18,550 | €9,879 | -€8,671 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €563,366 | €33,251 | -€530,115 | -94.1% |
| Income taxes | 67/77 | €34,108 | €10,817 | -€23,291 | -68.3% |
| Profit (loss) for the period | 9904 | €529,258 | €22,434 | -€506,823 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €529,258 | €22,434 | -€506,823 | -95.8% |
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 12 October 2026 via checked.be.