BFC BRAND: 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.
BFC BRAND
Largest movements
- Tangible fixed assets -€21,284
down €21,284 (-15.7%), from €135,336 to €114,052
of which Leasing and similar rights: -€30,400
- Stocks and contracts +€19,448
up €19,448 (+13.5%), from €143,565 to €163,013
- Other debts -€95,088
down €95,088 (-64.2%), from €148,073 to €52,986
- Trade debts +€72,033
up €72,033 (+52.2%), from €137,988 to €210,021
- Debts after one year -€29,121
down €29,121 (-47.5%), from €61,281 to €32,161
- Profit (loss) carried forward +€26,700
up €26,700 (+137%), from €19,502 to €46,202
- Tax, wage and social debts +€15,869
up €15,869 (+169%), from €9,382 to €25,251
of which Taxes: +€12,237
- Gross operating margin +€39,875
up €39,875 (+24.5%), from €162,953 to €202,829
- Staff costs +€31,946
up €31,946 (+42.6%), from €75,058 to €107,005
- Taxes +€3,951
new in 2025: €3,951
- Depreciation +€3,945
up €3,945 (+7.3%), from €54,140 to €58,085
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 | €424,423 | €424,892 | +€469 | +0.1% |
| Fixed assets | 21/28 | €143,450 | €123,006 | -€20,444 | -14.3% |
| Tangible fixed assets | 22/27 | €135,336 | €114,052 | -€21,284 | -15.7% |
| Furniture and vehicles | 24 | €24,831 | €43,765 | +€18,934 | +76.3% |
| Leasing and similar rights | 25 | €81,122 | €50,722 | -€30,400 | -37.5% |
| Other tangible fixed assets | 26 | €29,382 | €19,565 | -€9,818 | -33.4% |
| Financial fixed assets | 28 | €8,114 | €8,954 | +€840 | +10.4% |
| Current assets | 29/58 | €280,973 | €301,886 | +€20,913 | +7.4% |
| Stocks and contracts in progress | 3 | €143,565 | €163,013 | +€19,448 | +13.5% |
| Stocks | 30/36 | €143,565 | €163,013 | +€19,448 | +13.5% |
| Amounts receivable within one year | 40/41 | €133,981 | €135,098 | +€1,116 | +0.8% |
| Trade receivables | 40 | €123,032 | €128,603 | +€5,571 | +4.5% |
| Other amounts receivable | 41 | €10,949 | €6,494 | -€4,455 | -40.7% |
| Cash at bank and in hand | 54/58 | €3,426 | €3,775 | +€348 | +10.2% |
| Total equity and liabilities | 10/49 | €424,423 | €424,892 | +€469 | +0.1% |
| Equity | 10/15 | €39,502 | €66,202 | +€26,700 | +67.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,502 | €46,202 | +€26,700 | +137% |
| Amounts payable | 17/49 | €384,921 | €358,690 | -€26,231 | -6.8% |
| Amounts payable after more than one year | 17 | €61,281 | €32,161 | -€29,121 | -47.5% |
| Financial debts | 170/4 | €61,281 | €32,161 | -€29,121 | -47.5% |
| Amounts payable within one year | 42/48 | €323,640 | €326,529 | +€2,889 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €28,197 | €38,272 | +€10,075 | +35.7% |
| Trade debts | 44 | €137,988 | €210,021 | +€72,033 | +52.2% |
| Suppliers | 440/4 | €137,988 | €210,021 | +€72,033 | +52.2% |
| Taxes, remuneration and social security | 45 | €9,382 | €25,251 | +€15,869 | +169% |
| Taxes | 450/3 | - | €12,237 | +€12,237 | |
| Remuneration and social security | 454/9 | €9,382 | €13,014 | +€3,632 | +38.7% |
| Other amounts payable | 47/48 | €148,073 | €52,986 | -€95,088 | -64.2% |
| Remuneration, social security and pensions | 62 | €75,058 | €107,005 | +€31,946 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,140 | €58,085 | +€3,945 | +7.3% |
| Other operating charges | 640/8 | €387 | €803 | +€415 | +107% |
| Gross operating margin | 9900 | €162,953 | €202,829 | +€39,875 | +24.5% |
| Operating profit (loss) | 9901 | €33,367 | €36,936 | +€3,569 | +10.7% |
| Financial income | 75/76B | €15 | €553 | +€539 | +3,637% |
| Recurring financial income | 75 | €15 | €553 | +€539 | +3,637% |
| Financial charges | 65/66B | €5,462 | €6,838 | +€1,376 | +25.2% |
| Recurring financial charges | 65 | €5,462 | €6,838 | +€1,376 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €27,920 | €30,651 | +€2,731 | +9.8% |
| Income taxes | 67/77 | - | €3,951 | +€3,951 | |
| Profit (loss) for the period | 9904 | €27,920 | €26,700 | -€1,220 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,920 | €26,700 | -€1,220 | -4.4% |
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 15 October 2026 via checked.be.