BF GROUP: 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 GROUP
Largest movements
- Tangible fixed assets +€43,551
new in 2025: €43,551
- Cash -€3,306
down €3,306 (-27.3%), from €12,106 to €8,800
mainly Investment in fixed assets (net) (-€45,000) and Net result for the year (-€9,741)
- Receivables within one year +€2,077
new in 2025: €2,077
- Trade debts +€51,005
up €51,005 (+113344.1%), from €45 to €51,050
- Profit (loss) carried forward -€9,741
down €9,741 (-133.3%), from -€7,308 to -€17,048
- Tax, wage and social debts +€825
up €825 (+126.8%), from €650 to €1,475
- Gross operating margin -€5,714
down €5,714 (-302.2%), from -€1,891 to -€7,605
- Depreciation +€1,449
new in 2025: €1,449
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 | €12,106 | €54,428 | +€42,322 | +349.6% |
| Fixed assets | 21/28 | - | €43,551 | +€43,551 | |
| Tangible fixed assets | 22/27 | - | €43,551 | +€43,551 | |
| Furniture and vehicles | 24 | - | €43,551 | +€43,551 | |
| Current assets | 29/58 | €12,106 | €10,877 | -€1,229 | -10.2% |
| Amounts receivable within one year | 40/41 | - | €2,077 | +€2,077 | |
| Trade receivables | 40 | - | €2,077 | +€2,077 | |
| Cash at bank and in hand | 54/58 | €12,106 | €8,800 | -€3,306 | -27.3% |
| Total equity and liabilities | 10/49 | €12,106 | €54,428 | +€42,322 | +349.6% |
| Equity | 10/15 | €10,692 | €952 | -€9,741 | -91.1% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,308 | -€17,048 | -€9,741 | -133.3% |
| Amounts payable | 17/49 | €1,414 | €53,476 | +€52,062 | +3682.1% |
| Amounts payable within one year | 42/48 | €1,414 | €53,476 | +€52,062 | +3682.1% |
| Trade debts | 44 | €45 | €51,050 | +€51,005 | +113344.1% |
| Suppliers | 440/4 | €45 | €51,050 | +€51,005 | +113344.1% |
| Taxes, remuneration and social security | 45 | €650 | €1,475 | +€825 | +126.8% |
| Taxes | 450/3 | €650 | €1,475 | +€825 | +126.8% |
| Other amounts payable | 47/48 | €719 | €952 | +€233 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,449 | +€1,449 | |
| Non-recurring operating charges | 66A | €53 | €687 | +€634 | +1196.2% |
| Gross operating margin | 9900 | -€1,891 | -€7,605 | -€5,714 | -302.2% |
| Operating profit (loss) | 9901 | -€1,944 | -€9,741 | -€7,797 | -401.1% |
| Financial charges | 65/66B | €8 | - | -€8 | |
| Recurring financial charges | 65 | €8 | - | -€8 | |
| Profit (loss) for the period before taxes | 9903 | -€1,952 | -€9,741 | -€7,788 | -399.0% |
| Profit (loss) for the period | 9904 | -€1,952 | -€9,741 | -€7,788 | -399.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,952 | -€9,741 | -€7,788 | -399.0% |
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 10 October 2026 via checked.be.