BFConsult: what changed
What changed
BFConsult
NACE 46.214, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€107,874
2024 · €297,623-€189,749
Equity
€443,560
2024 · €335,687+€107,874
Cash
€46,018
2024 · €205,047-€159,029
Balance sheet total
€1.1m
2024 · €1.2m-€112,934
Largest movements
Assets
- Cash -€159,029
down €159,029 (-77.6%), from €205,047 to €46,018
mainly Other debts (-€152,863) and Receivables within one year (-€54,023)
- Receivables within one year +€54,023
up €54,023 (+12.4%), from €437,154 to €491,177
of which Other amounts receivable: +€43,378
- Intangible fixed assets -€12,060
down €12,060 (-33.3%), from €36,180 to €24,120
Equity and liabilities
- Other debts -€152,863
down €152,863 (-47.3%), from €323,325 to €170,462
- Reserves +€107,874
up €107,874 (+32.5%), from €331,687 to €439,560
- Advances received -€34,354
no longer reported in 2025 (was €34,354)
- Trade debts -€28,802
down €28,802 (-24.9%), from €115,798 to €86,996
- Debts after one year -€13,355
down €13,355 (-4.7%), from €285,438 to €272,083
Income statement
- Gross operating margin -€185,386
down €185,386 (-24.6%), from €753,029 to €567,643
- Staff costs +€31,245
up €31,245 (+8.6%), from €361,627 to €392,872
- Taxes -€28,371
down €28,371 (-49.1%), from €57,816 to €29,445
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€297,623
Gross operating margin
-€185,386
Staff costs
-€31,245
Depreciation
+€3,694
Other operating charges
-€632
Financial income
-€566
Financial charges
-€3,985
Taxes
+€28,371
Result 2025
€107,874
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€142,703
Investment
-€7,239
Financing
-€9,087
Cash 2024
€205,047
From operations (derived)
-€142,703
Net result for the year
+€107,874
Depreciation
+€19,151
Stocks and contracts
-€6,347
Receivables within one year
-€54,023
Deferred charges and accrued income
+€2,363
Trade debts
-€28,802
Tax, wage and social debts
+€5,347
Advances received
-€34,354
Other debts
-€152,863
Accrued charges and deferred income
-€1,050
Investment (derived)
-€7,239
Investment in fixed assets (net)
-€7,239
Financing
-€9,087
Debts after one year
-€13,355
Current portion of long-term debt
+€4,268
Cash 2025
€46,018
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,201,763 | €1,088,828 | -€112,934 | -9.4% |
| Formation expenses | 20 | €78 | - | -€78 | |
| Fixed assets | 21/28 | €546,228 | €534,394 | -€11,834 | -2.2% |
| Intangible fixed assets | 21 | €36,180 | €24,120 | -€12,060 | -33.3% |
| Tangible fixed assets | 22/27 | €508,775 | €509,001 | +€226 | 0.0% |
| Land and buildings | 22 | €481,993 | €486,224 | +€4,231 | +0.9% |
| Plant, machinery and equipment | 23 | €1,584 | €570 | -€1,014 | -64.0% |
| Furniture and vehicles | 24 | €5,223 | €3,319 | -€1,903 | -36.4% |
| Other tangible fixed assets | 26 | €19,974 | €18,887 | -€1,087 | -5.4% |
| Financial fixed assets | 28 | €1,273 | €1,273 | = | 0.0% |
| Current assets | 29/58 | €655,458 | €554,435 | -€101,023 | -15.4% |
| Stocks and contracts in progress | 3 | €1,488 | €7,834 | +€6,347 | +427% |
| Stocks | 30/36 | €1,488 | €7,834 | +€6,347 | +427% |
| Amounts receivable within one year | 40/41 | €437,154 | €491,177 | +€54,023 | +12.4% |
| Trade receivables | 40 | €385,450 | €396,094 | +€10,645 | +2.8% |
| Other amounts receivable | 41 | €51,705 | €95,083 | +€43,378 | +83.9% |
| Cash at bank and in hand | 54/58 | €205,047 | €46,018 | -€159,029 | -77.6% |
| Deferred charges and accrued income | 490/1 | €11,768 | €9,405 | -€2,363 | -20.1% |
| Total equity and liabilities | 10/49 | €1,201,763 | €1,088,828 | -€112,934 | -9.4% |
| Equity | 10/15 | €335,687 | €443,560 | +€107,874 | +32.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €331,687 | €439,560 | +€107,874 | +32.5% |
| Distributable reserves | 133 | €331,687 | €439,560 | +€107,874 | +32.5% |
| Amounts payable | 17/49 | €866,076 | €645,268 | -€220,808 | -25.5% |
| Amounts payable after more than one year | 17 | €285,438 | €272,083 | -€13,355 | -4.7% |
| Financial debts | 170/4 | €285,438 | €272,083 | -€13,355 | -4.7% |
| Amounts payable within one year | 42/48 | €579,588 | €373,185 | -€206,403 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €25,578 | €29,846 | +€4,268 | +16.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €115,798 | €86,996 | -€28,802 | -24.9% |
| Suppliers | 440/4 | €115,798 | €86,996 | -€28,802 | -24.9% |
| Advances received on contracts in progress | 46 | €34,354 | - | -€34,354 | |
| Taxes, remuneration and social security | 45 | €80,533 | €85,880 | +€5,347 | +6.6% |
| Taxes | 450/3 | €301 | €9,796 | +€9,495 | +3,156% |
| Remuneration and social security | 454/9 | €80,232 | €76,084 | -€4,148 | -5.2% |
| Other amounts payable | 47/48 | €323,325 | €170,462 | -€152,863 | -47.3% |
| Accrued charges and deferred income | 492/3 | €1,050 | - | -€1,050 | |
| Remuneration, social security and pensions | 62 | €361,627 | €392,872 | +€31,245 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,845 | €19,151 | -€3,694 | -16.2% |
| Other operating charges | 640/8 | €1,621 | €2,253 | +€632 | +39.0% |
| Gross operating margin | 9900 | €753,029 | €567,643 | -€185,386 | -24.6% |
| Operating profit (loss) | 9901 | €366,935 | €153,367 | -€213,568 | -58.2% |
| Financial income | 75/76B | €566 | - | -€566 | |
| Recurring financial income | 75 | €566 | - | -€566 | |
| Financial charges | 65/66B | €12,062 | €16,048 | +€3,985 | +33.0% |
| Recurring financial charges | 65 | €12,062 | €16,048 | +€3,985 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €355,439 | €137,319 | -€218,120 | -61.4% |
| Income taxes | 67/77 | €57,816 | €29,445 | -€28,371 | -49.1% |
| Profit (loss) for the period | 9904 | €297,623 | €107,874 | -€189,749 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €297,623 | €107,874 | -€189,749 | -63.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.