Bfaminvest: 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.
Bfaminvest
Largest movements
- Receivables within one year -€150,169
down €150,169 (-94.6%), from €158,803 to €8,635
of which Other amounts receivable: -€98,746
- Tangible fixed assets -€39,281
down €39,281 (-2.9%), from €1.3m to €1.3m
of which Land and buildings: -€39,210
- Debts after one year -€198,043
down €198,043 (-26.5%), from €747,244 to €549,201
- Other debts -€114,888
down €114,888 (-70.4%), from €163,200 to €48,312
- Reserves +€111,000
up €111,000 (+21.0%), from €527,985 to €638,985
of which Distributable reserves: +€111,000
- Gross operating margin -€164,218
down €164,218 (-40.8%), from €402,436 to €238,219
- Taxes -€35,117
down €35,117 (-40.4%), from €86,945 to €51,828
- Financial charges +€9,016
up €9,016 (+58.2%), from €15,492 to €24,508
- Other operating charges +€4,187
up €4,187 (+85.1%), from €4,918 to €9,104
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 | €1,528,519 | €1,325,682 | -€202,837 | -13.3% |
| Fixed assets | 21/28 | €1,342,392 | €1,303,111 | -€39,281 | -2.9% |
| Tangible fixed assets | 22/27 | €1,342,392 | €1,303,111 | -€39,281 | -2.9% |
| Land and buildings | 22 | €1,337,803 | €1,298,593 | -€39,210 | -2.9% |
| Furniture and vehicles | 24 | €4,589 | €4,518 | -€71 | -1.5% |
| Current assets | 29/58 | €186,127 | €22,571 | -€163,556 | -87.9% |
| Amounts receivable within one year | 40/41 | €158,803 | €8,635 | -€150,169 | -94.6% |
| Trade receivables | 40 | €60,057 | €8,635 | -€51,423 | -85.6% |
| Other amounts receivable | 41 | €98,746 | - | -€98,746 | |
| Cash at bank and in hand | 54/58 | €27,324 | €13,735 | -€13,588 | -49.7% |
| Deferred charges and accrued income | 490/1 | - | €201 | +€201 | |
| Total equity and liabilities | 10/49 | €1,528,519 | €1,325,682 | -€202,837 | -13.3% |
| Equity | 10/15 | €529,194 | €640,224 | +€111,030 | +21.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €527,985 | €638,985 | +€111,000 | +21.0% |
| Tax-exempt reserves | 132 | €119,985 | €119,985 | = | 0.0% |
| Distributable reserves | 133 | €408,000 | €519,000 | +€111,000 | +27.2% |
| Profit (loss) carried forward | 14 | €9 | €39 | +€30 | +330% |
| Amounts payable | 17/49 | €999,325 | €685,457 | -€313,867 | -31.4% |
| Amounts payable after more than one year | 17 | €747,244 | €549,201 | -€198,043 | -26.5% |
| Financial debts | 170/4 | €747,244 | €549,201 | -€198,043 | -26.5% |
| Amounts payable within one year | 42/48 | €251,081 | €134,202 | -€116,879 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €61,908 | €54,170 | -€7,737 | -12.5% |
| Trade debts | 44 | €4,639 | €1,902 | -€2,737 | -59.0% |
| Suppliers | 440/4 | €4,639 | €1,902 | -€2,737 | -59.0% |
| Taxes, remuneration and social security | 45 | €21,334 | €29,817 | +€8,483 | +39.8% |
| Taxes | 450/3 | €21,334 | €29,817 | +€8,483 | +39.8% |
| Other amounts payable | 47/48 | €163,200 | €48,312 | -€114,888 | -70.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €2,055 | +€1,055 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,936 | €41,965 | +€29 | +0.1% |
| Other operating charges | 640/8 | €4,918 | €9,104 | +€4,187 | +85.1% |
| Gross operating margin | 9900 | €402,436 | €238,219 | -€164,218 | -40.8% |
| Operating profit (loss) | 9901 | €355,583 | €187,149 | -€168,433 | -47.4% |
| Financial income | 75/76B | €341 | €217 | -€124 | -36.4% |
| Recurring financial income | 75 | €341 | €217 | -€124 | -36.4% |
| Financial charges | 65/66B | €15,492 | €24,508 | +€9,016 | +58.2% |
| Recurring financial charges | 65 | €15,492 | €24,508 | +€9,016 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | €340,432 | €162,858 | -€177,573 | -52.2% |
| Income taxes | 67/77 | €86,945 | €51,828 | -€35,117 | -40.4% |
| Profit (loss) for the period | 9904 | €253,487 | €111,030 | -€142,457 | -56.2% |
| Transfer to tax-exempt reserves | 689 | €119,985 | - | -€119,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,502 | €111,030 | -€22,472 | -16.8% |
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 22 October 2026 via checked.be.