BFC Trading: 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 Trading
Largest movements
- Cash +€62,411
up €62,411 (+46.9%), from €133,005 to €195,416
mainly Current investments (+€50,000) and Depreciation (+€36,738)
- Current investments -€50,000
no longer reported in 2026 (was €50,000)
- Tangible fixed assets -€11,880
down €11,880 (-1.8%), from €649,245 to €637,364
of which Land and buildings: -€11,072
- Debts after one year -€30,984
down €30,984 (-10.4%), from €297,696 to €266,712
of which Financial debts: -€29,728
- Reserves +€23,119
up €23,119 (+8.2%), from €283,391 to €306,510
of which Distributable reserves: +€23,119
- Advances received +€9,204
up €9,204 (+91.7%), from €10,035 to €19,239
- Gross operating margin -€76,745
down €76,745 (-46.5%), from €165,107 to €88,362
- Taxes -€21,444
down €21,444 (-71.3%), from €30,079 to €8,634
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €844,280 | €846,022 | +€1,742 | +0.2% |
| Fixed assets | 21/28 | €649,245 | €637,364 | -€11,880 | -1.8% |
| Tangible fixed assets | 22/27 | €649,245 | €637,364 | -€11,880 | -1.8% |
| Land and buildings | 22 | €611,209 | €600,137 | -€11,072 | -1.8% |
| Plant, machinery and equipment | 23 | €24,552 | €20,191 | -€4,360 | -17.8% |
| Furniture and vehicles | 24 | €9,744 | €13,826 | +€4,081 | +41.9% |
| Other tangible fixed assets | 26 | €3,740 | €3,210 | -€530 | -14.2% |
| Current assets | 29/58 | €195,035 | €208,658 | +€13,623 | +7.0% |
| Amounts receivable within one year | 40/41 | €7,654 | €8,675 | +€1,021 | +13.3% |
| Trade receivables | 40 | €4,494 | €5,493 | +€998 | +22.2% |
| Other amounts receivable | 41 | €3,159 | €3,182 | +€23 | +0.7% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €133,005 | €195,416 | +€62,411 | +46.9% |
| Deferred charges and accrued income | 490/1 | €4,377 | €4,567 | +€190 | +4.3% |
| Total equity and liabilities | 10/49 | €844,280 | €846,022 | +€1,742 | +0.2% |
| Equity | 10/15 | €458,391 | €481,510 | +€23,119 | +5.0% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €283,391 | €306,510 | +€23,119 | +8.2% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €265,891 | €289,010 | +€23,119 | +8.7% |
| Amounts payable | 17/49 | €385,889 | €364,512 | -€21,377 | -5.5% |
| Amounts payable after more than one year | 17 | €297,696 | €266,712 | -€30,984 | -10.4% |
| Financial debts | 170/4 | €227,955 | €198,228 | -€29,728 | -13.0% |
| Other amounts payable | 178/9 | €69,740 | €68,485 | -€1,256 | -1.8% |
| Amounts payable within one year | 42/48 | €86,276 | €93,325 | +€7,049 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €28,735 | €29,728 | +€992 | +3.5% |
| Trade debts | 44 | €13,370 | €11,778 | -€1,592 | -11.9% |
| Suppliers | 440/4 | €13,370 | €11,778 | -€1,592 | -11.9% |
| Advances received on contracts in progress | 46 | €10,035 | €19,239 | +€9,204 | +91.7% |
| Taxes, remuneration and social security | 45 | €34,135 | €32,580 | -€1,555 | -4.6% |
| Taxes | 450/3 | €25,010 | €24,580 | -€430 | -1.7% |
| Remuneration and social security | 454/9 | €9,125 | €8,000 | -€1,125 | -12.3% |
| Accrued charges and deferred income | 492/3 | €1,918 | €4,475 | +€2,558 | +133% |
| Remuneration, social security and pensions | 62 | - | €825 | +€825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,568 | €36,738 | +€1,170 | +3.3% |
| Other operating charges | 640/8 | €6,082 | €7,037 | +€954 | +15.7% |
| Gross operating margin | 9900 | €165,107 | €88,362 | -€76,745 | -46.5% |
| Operating profit (loss) | 9901 | €123,456 | €43,762 | -€79,695 | -64.6% |
| Financial income | 75/76B | €657 | €907 | +€250 | +38.0% |
| Recurring financial income | 75 | €657 | €907 | +€250 | +38.0% |
| Financial charges | 65/66B | €11,329 | €12,915 | +€1,586 | +14.0% |
| Recurring financial charges | 65 | €11,329 | €12,915 | +€1,586 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €112,784 | €31,754 | -€81,031 | -71.8% |
| Income taxes | 67/77 | €30,079 | €8,634 | -€21,444 | -71.3% |
| Profit (loss) for the period | 9904 | €82,706 | €23,119 | -€59,586 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,706 | €23,119 | -€59,586 | -72.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.