BF STUDIO: 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 STUDIO
Largest movements
- Intangible fixed assets +€49,986
new in 2024: €49,986
- Receivables after one year -€48,132
no longer reported in 2024 (was €48,132)
- Receivables within one year -€23,680
down €23,680 (-8.6%), from €275,226 to €251,545
of which Other amounts receivable: -€69,432
- Stocks and contracts +€23,503
new in 2024: €23,503
- Current investments -€20,000
no longer reported in 2024 (was €20,000)
- Other debts -€95,604
down €95,604 (-96.9%), from €98,657 to €3,053
- Trade debts +€76,482
up €76,482 (+67.0%), from €114,127 to €190,609
- Tax, wage and social debts -€20,313
down €20,313 (-30.5%), from €66,598 to €46,284
of which Taxes: -€27,272
- Reserves +€10,727
up €10,727 (+10.9%), from €98,388 to €109,115
of which Distributable reserves: +€12,587
- Short-term financial debts +€10,000
up €10,000 (+132%), from €7,566 to €17,565
- Gross operating margin -€99,775
down €99,775 (-44.3%), from €225,115 to €125,340
- Taxes -€31,199
down €31,199 (-82.5%), from €37,828 to €6,629
- Staff costs +€18,090
up €18,090 (+25.2%), from €71,899 to €89,989
- Financial income -€3,027
down €3,027 (-95.5%), from €3,171 to €144
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.
Derived cash bridge
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 | €410,245 | €387,518 | -€22,727 | -5.5% |
| Fixed assets | 21/28 | €19,869 | €66,309 | +€46,440 | +234% |
| Intangible fixed assets | 21 | - | €49,986 | +€49,986 | |
| Tangible fixed assets | 22/27 | €19,469 | €15,923 | -€3,546 | -18.2% |
| Plant, machinery and equipment | 23 | - | €1,145 | +€1,145 | |
| Furniture and vehicles | 24 | €14,459 | €6,104 | -€8,354 | -57.8% |
| Other tangible fixed assets | 26 | €5,010 | €7,999 | +€2,989 | +59.7% |
| Assets under construction and advance payments | 27 | - | €674 | +€674 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €390,376 | €321,209 | -€69,167 | -17.7% |
| Amounts receivable after more than one year | 29 | €48,132 | - | -€48,132 | |
| Trade receivables | 290 | €48,132 | - | -€48,132 | |
| Stocks and contracts in progress | 3 | - | €23,503 | +€23,503 | |
| Stocks | 30/36 | - | €23,503 | +€23,503 | |
| Amounts receivable within one year | 40/41 | €275,226 | €251,545 | -€23,680 | -8.6% |
| Trade receivables | 40 | €187,344 | €233,095 | +€45,752 | +24.4% |
| Other amounts receivable | 41 | €87,882 | €18,450 | -€69,432 | -79.0% |
| Current investments | 50/53 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €41,119 | €43,285 | +€2,166 | +5.3% |
| Deferred charges and accrued income | 490/1 | €5,899 | €2,875 | -€3,024 | -51.3% |
| Total equity and liabilities | 10/49 | €410,245 | €387,518 | -€22,727 | -5.5% |
| Equity | 10/15 | €116,988 | €127,715 | +€10,727 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,388 | €109,115 | +€10,727 | +10.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €2,363 | €2,363 | = | 0.0% |
| Distributable reserves | 133 | €94,165 | €106,752 | +€12,587 | +13.4% |
| Amounts payable | 17/49 | €293,257 | €259,803 | -€33,454 | -11.4% |
| Amounts payable after more than one year | 17 | €2,200 | €353 | -€1,846 | -83.9% |
| Financial debts | 170/4 | €2,200 | €353 | -€1,846 | -83.9% |
| Amounts payable within one year | 42/48 | €291,057 | €259,358 | -€31,699 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €4,110 | €1,846 | -€2,264 | -55.1% |
| Financial debts | 43 | €7,566 | €17,565 | +€10,000 | +132% |
| Credit institutions | 430/8 | €7,566 | €17,565 | +€10,000 | +132% |
| Trade debts | 44 | €114,127 | €190,609 | +€76,482 | +67.0% |
| Suppliers | 440/4 | €114,127 | €190,609 | +€76,482 | +67.0% |
| Taxes, remuneration and social security | 45 | €66,598 | €46,284 | -€20,313 | -30.5% |
| Taxes | 450/3 | €55,942 | €28,670 | -€27,272 | -48.8% |
| Remuneration and social security | 454/9 | €10,656 | €17,615 | +€6,959 | +65.3% |
| Other amounts payable | 47/48 | €98,657 | €3,053 | -€95,604 | -96.9% |
| Accrued charges and deferred income | 492/3 | - | €91 | +€91 | |
| Non-recurring operating income | 76A | €19,202 | - | -€19,202 | |
| Remuneration, social security and pensions | 62 | €71,899 | €89,989 | +€18,090 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,686 | €9,009 | +€1,322 | +17.2% |
| Other operating charges | 640/8 | €4,055 | €4,270 | +€215 | +5.3% |
| Non-recurring operating charges | 66A | €2,867 | - | -€2,867 | |
| Gross operating margin | 9900 | €225,115 | €125,340 | -€99,775 | -44.3% |
| Operating profit (loss) | 9901 | €138,608 | €22,073 | -€116,536 | -84.1% |
| Financial income | 75/76B | €3,171 | €144 | -€3,027 | -95.5% |
| Recurring financial income | 75 | €3,171 | €144 | -€3,027 | -95.5% |
| Financial charges | 65/66B | €5,294 | €4,860 | -€434 | -8.2% |
| Recurring financial charges | 65 | €5,294 | €4,860 | -€434 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €136,485 | €17,356 | -€119,129 | -87.3% |
| Income taxes | 67/77 | €37,828 | €6,629 | -€31,199 | -82.5% |
| Profit (loss) for the period | 9904 | €98,657 | €10,727 | -€87,929 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €98,657 | €10,727 | -€87,929 | -89.1% |
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 28 October 2026 via checked.be.