BF&V: 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&V
Largest movements
- Receivables within one year +€14,599
up €14,599 (+220%), from €6,634 to €21,234
of which Other amounts receivable: +€11,641
- Tangible fixed assets +€14,404
new in 2025: €14,404
- Cash +€1,940
up €1,940 (+192%), from €1,012 to €2,952
mainly Net result for the year (+€26,245) and Tax, wage and social debts (+€10,802)
- Profit (loss) carried forward +€24,527
up €24,527, from -€5,477 to €19,050
- Tax, wage and social debts +€10,802
up €10,802 (+3,586%), from €301 to €11,103
of which Taxes: +€10,313
- Other debts -€6,155
no longer reported in 2025 (was €6,155)
- Trade debts +€2,600
up €2,600 (+141%), from €1,837 to €4,437
- Advances received -€830
no longer reported in 2025 (was €830)
- Gross operating margin +€33,256
up €33,256 (+270%), from €12,314 to €45,570
- Taxes +€9,684
new in 2025: €9,684
- Staff costs +€6,088
up €6,088 (+544%), from €1,120 to €7,208
- Depreciation +€1,596
new in 2025: €1,596
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 | €7,647 | €38,590 | +€30,944 | +405% |
| Fixed assets | 21/28 | - | €14,404 | +€14,404 | |
| Tangible fixed assets | 22/27 | - | €14,404 | +€14,404 | |
| Furniture and vehicles | 24 | - | €14,404 | +€14,404 | |
| Current assets | 29/58 | €7,647 | €24,186 | +€16,539 | +216% |
| Amounts receivable within one year | 40/41 | €6,634 | €21,234 | +€14,599 | +220% |
| Trade receivables | 40 | €5,468 | €8,427 | +€2,958 | +54.1% |
| Other amounts receivable | 41 | €1,166 | €12,807 | +€11,641 | +998% |
| Cash at bank and in hand | 54/58 | €1,012 | €2,952 | +€1,940 | +192% |
| Total equity and liabilities | 10/49 | €7,647 | €38,590 | +€30,944 | +405% |
| Equity | 10/15 | -€1,477 | €23,050 | +€24,527 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,477 | €19,050 | +€24,527 | |
| Amounts payable | 17/49 | €9,123 | €15,540 | +€6,417 | +70.3% |
| Amounts payable within one year | 42/48 | €9,123 | €15,540 | +€6,417 | +70.3% |
| Trade debts | 44 | €1,837 | €4,437 | +€2,600 | +141% |
| Suppliers | 440/4 | €1,837 | €4,437 | +€2,600 | +141% |
| Advances received on contracts in progress | 46 | €830 | - | -€830 | |
| Taxes, remuneration and social security | 45 | €301 | €11,103 | +€10,802 | +3,586% |
| Taxes | 450/3 | - | €10,313 | +€10,313 | |
| Remuneration and social security | 454/9 | €301 | €790 | +€489 | +162% |
| Other amounts payable | 47/48 | €6,155 | - | -€6,155 | |
| Remuneration, social security and pensions | 62 | €1,120 | €7,208 | +€6,088 | +544% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,596 | +€1,596 | |
| Other operating charges | 640/8 | €586 | €851 | +€265 | +45.3% |
| Gross operating margin | 9900 | €12,314 | €45,570 | +€33,256 | +270% |
| Operating profit (loss) | 9901 | €10,608 | €35,915 | +€25,307 | +239% |
| Financial income | 75/76B | €1 | €315 | +€314 | +50,690% |
| Recurring financial income | 75 | €1 | €315 | +€314 | +50,690% |
| Financial charges | 65/66B | €60 | €301 | +€242 | +406% |
| Recurring financial charges | 65 | €60 | €301 | +€242 | +406% |
| Profit (loss) for the period before taxes | 9903 | €10,549 | €35,928 | +€25,379 | +241% |
| Income taxes | 67/77 | - | €9,684 | +€9,684 | |
| Profit (loss) for the period | 9904 | €10,549 | €26,245 | +€15,696 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €10,549 | €26,245 | +€15,696 | +149% |
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 13 October 2026 via checked.be.