BF IMMO: 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 IMMO
Largest movements
- Cash +€122,091
up €122,091 (+283.1%), from €43,122 to €165,213
mainly Advances received (+€321,000) and Investment in fixed assets (net) (+€117,814)
- Tangible fixed assets -€117,714
down €117,714 (-33.8%), from €348,467 to €230,753
of which Land and buildings: -€118,086
- Receivables within one year +€91,333
up €91,333 (+73.5%), from €124,243 to €215,576
of which Trade receivables: +€77,359
- Stocks and contracts -€60,001
down €60,001 (-6.6%), from €909,154 to €849,153
of which Contracts in progress: -€37,551
- Advances received +€321,000
new in 2024: €321,000
- Short-term financial debts -€176,103
no longer reported in 2024 (was €176,103)
- Other debts -€103,286
down €103,286 (-98.7%), from €104,620 to €1,334
- Debts after one year -€66,090
down €66,090 (-19.1%), from €345,790 to €279,699
of which Financial debts: -€48,090
- Tax, wage and social debts +€36,690
up €36,690 (+184.4%), from €19,902 to €56,593
of which Taxes: +€41,120
- Gross operating margin -€134,259
down €134,259 (-55.8%), from €240,533 to €106,274
- Staff costs -€107,737
down €107,737 (-87.6%), from €123,053 to €15,315
- Depreciation -€57,296
no longer reported in 2024 (was €57,296)
- Taxes +€24,053
up €24,053, from -€9,977 to €14,075
- Financial charges +€15,864
up €15,864 (+131.2%), from €12,089 to €27,953
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,434,524 | €1,469,654 | +€35,130 | +2.4% |
| Fixed assets | 21/28 | €348,567 | €230,753 | -€117,814 | -33.8% |
| Tangible fixed assets | 22/27 | €348,467 | €230,753 | -€117,714 | -33.8% |
| Land and buildings | 22 | €236,172 | €118,086 | -€118,086 | -50.0% |
| Furniture and vehicles | 24 | €112,295 | €112,667 | +€372 | +0.3% |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €1,085,957 | €1,238,901 | +€152,944 | +14.1% |
| Stocks and contracts in progress | 3 | €909,154 | €849,153 | -€60,001 | -6.6% |
| Stocks | 30/36 | €659,154 | €636,703 | -€22,451 | -3.4% |
| Contracts in progress | 37 | €250,000 | €212,449 | -€37,551 | -15.0% |
| Amounts receivable within one year | 40/41 | €124,243 | €215,576 | +€91,333 | +73.5% |
| Trade receivables | 40 | €64,312 | €141,671 | +€77,359 | +120.3% |
| Other amounts receivable | 41 | €59,930 | €73,905 | +€13,974 | +23.3% |
| Cash at bank and in hand | 54/58 | €43,122 | €165,213 | +€122,091 | +283.1% |
| Deferred charges and accrued income | 490/1 | €9,438 | €8,959 | -€479 | -5.1% |
| Total equity and liabilities | 10/49 | €1,434,524 | €1,469,654 | +€35,130 | +2.4% |
| Equity | 10/15 | €671,194 | €698,334 | +€27,140 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €597,560 | €625,060 | +€27,500 | +4.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €800 | - | -€800 | |
| Distributable reserves | 133 | €594,900 | €625,060 | +€30,160 | +5.1% |
| Profit (loss) carried forward | 14 | €54,301 | €54,323 | +€21 | 0.0% |
| Investment grants | 15 | €733 | €351 | -€381 | -52.0% |
| Provisions and deferred taxes | 16 | €200 | - | -€200 | |
| Deferred taxes | 168 | €200 | - | -€200 | |
| Amounts payable | 17/49 | €763,130 | €771,320 | +€8,190 | +1.1% |
| Amounts payable after more than one year | 17 | €345,790 | €279,699 | -€66,090 | -19.1% |
| Financial debts | 170/4 | €287,790 | €239,699 | -€48,090 | -16.7% |
| Other amounts payable | 178/9 | €58,000 | €40,000 | -€18,000 | -31.0% |
| Amounts payable within one year | 42/48 | €417,340 | €491,621 | +€74,280 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €63,119 | €76,841 | +€13,722 | +21.7% |
| Financial debts | 43 | €176,103 | - | -€176,103 | |
| Credit institutions | 430/8 | €176,103 | - | -€176,103 | |
| Trade debts | 44 | €53,596 | €35,853 | -€17,743 | -33.1% |
| Suppliers | 440/4 | €53,596 | €35,853 | -€17,743 | -33.1% |
| Advances received on contracts in progress | 46 | - | €321,000 | +€321,000 | |
| Taxes, remuneration and social security | 45 | €19,902 | €56,593 | +€36,690 | +184.4% |
| Taxes | 450/3 | €13,073 | €54,193 | +€41,120 | +314.5% |
| Remuneration and social security | 454/9 | €6,829 | €2,400 | -€4,429 | -64.9% |
| Other amounts payable | 47/48 | €104,620 | €1,334 | -€103,286 | -98.7% |
| Non-recurring operating income | 76A | - | €64,064 | +€64,064 | |
| Remuneration, social security and pensions | 62 | €123,053 | €15,315 | -€107,737 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,296 | - | -€57,296 | |
| Other operating charges | 640/8 | €20,859 | €22,379 | +€1,520 | +7.3% |
| Gross operating margin | 9900 | €240,533 | €106,274 | -€134,259 | -55.8% |
| Operating profit (loss) | 9901 | €39,325 | €68,579 | +€29,255 | +74.4% |
| Financial income | 75/76B | €3,391 | €770 | -€2,621 | -77.3% |
| Recurring financial income | 75 | €3,391 | €770 | -€2,621 | -77.3% |
| Financial charges | 65/66B | €12,089 | €27,953 | +€15,864 | +131.2% |
| Recurring financial charges | 65 | €12,089 | €27,953 | +€15,864 | +131.2% |
| Profit (loss) for the period before taxes | 9903 | €30,626 | €41,396 | +€10,770 | +35.2% |
| Transfer from deferred taxes | 780 | €200 | €200 | = | 0.0% |
| Income taxes | 67/77 | -€9,977 | €14,075 | +€24,053 | |
| Profit (loss) for the period | 9904 | €40,804 | €27,521 | -€13,283 | -32.6% |
| Transfer from tax-exempt reserves | 789 | €800 | €800 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,604 | €28,321 | -€13,283 | -31.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.