BFD: what changed
Two fiscal 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.
BFD
Largest movements
- Cash +€22,034
up €22,034 (+102.7%), from €21,455 to €43,489
mainly Net result for the year (+€38,366) and Tax, wage and social debts (+€24,831)
- Tangible fixed assets -€1,687
down €1,687 (-8.2%), from €20,565 to €18,878
of which Furniture and vehicles: -€1,506
- Stocks and contracts +€1,200
up €1,200 (+19.4%), from €6,200 to €7,400
- Deferred charges and accrued income -€1,029
down €1,029 (-100.0%), from €1,029 to €0
- Other debts -€44,628
down €44,628 (-77.6%), from €57,501 to €12,873
- Profit (loss) carried forward +€38,366
up €38,366 (+58.0%), from -€66,103 to -€27,738
- Tax, wage and social debts +€24,831
up €24,831 (+52.4%), from €47,354 to €72,185
of which Taxes: +€14,659
- Trade debts +€2,236
up €2,236 (+173.1%), from €1,291 to €3,527
- Gross operating margin +€94,528
up €94,528 (+132.6%), from €71,289 to €165,818
- Staff costs +€50,101
up €50,101 (+94.3%), from €53,108 to €103,208
- Taxes +€10,934
up €10,934 (+264.6%), from €4,133 to €15,067
- Other operating charges +€2,830
up €2,830 (+127.0%), from €2,229 to €5,060
- Depreciation +€2,311
up €2,311 (+215.7%), from €1,071 to €3,382
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.
Cash bridge derived
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 | €50,463 | €71,267 | +€20,805 | +41.2% |
| Fixed assets | 21/28 | €20,565 | €18,878 | -€1,687 | -8.2% |
| Tangible fixed assets | 22/27 | €20,565 | €18,878 | -€1,687 | -8.2% |
| Land and buildings | 22 | €4,231 | €3,306 | -€925 | -21.9% |
| Plant, machinery and equipment | 23 | €950 | €1,694 | +€745 | +78.4% |
| Furniture and vehicles | 24 | €8,484 | €6,978 | -€1,506 | -17.8% |
| Assets under construction and advance payments | 27 | €6,900 | €6,900 | = | 0.0% |
| Current assets | 29/58 | €29,898 | €52,389 | +€22,492 | +75.2% |
| Stocks and contracts in progress | 3 | €6,200 | €7,400 | +€1,200 | +19.4% |
| Stocks | 30/36 | €6,200 | €7,400 | +€1,200 | +19.4% |
| Amounts receivable within one year | 40/41 | €1,213 | €1,500 | +€287 | +23.6% |
| Trade receivables | 40 | €1,213 | €0 | -€1,213 | -100.0% |
| Other amounts receivable | 41 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €21,455 | €43,489 | +€22,034 | +102.7% |
| Deferred charges and accrued income | 490/1 | €1,029 | €0 | -€1,029 | -100.0% |
| Total equity and liabilities | 10/49 | €50,463 | €71,267 | +€20,805 | +41.2% |
| Equity | 10/15 | -€55,683 | -€17,318 | +€38,366 | +68.9% |
| Contributions | 10/11 | €10,420 | €10,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,103 | -€27,738 | +€38,366 | +58.0% |
| Amounts payable | 17/49 | €106,146 | €88,585 | -€17,561 | -16.5% |
| Amounts payable within one year | 42/48 | €106,146 | €88,585 | -€17,561 | -16.5% |
| Trade debts | 44 | €1,291 | €3,527 | +€2,236 | +173.1% |
| Suppliers | 440/4 | €1,291 | €3,527 | +€2,236 | +173.1% |
| Taxes, remuneration and social security | 45 | €47,354 | €72,185 | +€24,831 | +52.4% |
| Taxes | 450/3 | €25,229 | €39,888 | +€14,659 | +58.1% |
| Remuneration and social security | 454/9 | €22,124 | €32,296 | +€10,172 | +46.0% |
| Other amounts payable | 47/48 | €57,501 | €12,873 | -€44,628 | -77.6% |
| Remuneration, social security and pensions | 62 | €53,108 | €103,208 | +€50,101 | +94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,071 | €3,382 | +€2,311 | +215.7% |
| Other operating charges | 640/8 | €2,229 | €5,060 | +€2,830 | +127.0% |
| Gross operating margin | 9900 | €71,289 | €165,818 | +€94,528 | +132.6% |
| Operating profit (loss) | 9901 | €14,881 | €54,168 | +€39,287 | +264.0% |
| Financial charges | 65/66B | €123 | €735 | +€612 | +496.0% |
| Recurring financial charges | 65 | €123 | €735 | +€612 | +496.0% |
| Profit (loss) for the period before taxes | 9903 | €14,758 | €53,433 | +€38,675 | +262.1% |
| Income taxes | 67/77 | €4,133 | €15,067 | +€10,934 | +264.6% |
| Profit (loss) for the period | 9904 | €10,625 | €38,366 | +€27,740 | +261.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,625 | €38,366 | +€27,740 | +261.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.