BFE BOIS FORMES & ESPACES: what changed
What changed
BFE BOIS FORMES & ESPACES
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€76,861
2024 · €7,837-€84,698
Equity
€138,603
2024 · €165,863-€27,260
Cash
€46,730
2024 · €49,328-€2,598
Balance sheet total
€212,527
2024 · €266,867-€54,340
Largest movements
Assets
- Receivables within one year -€34,627
down €34,627 (-41.3%), from €83,746 to €49,118
of which Other amounts receivable: -€43,627
- Intangible fixed assets -€15,413
down €15,413 (-17.3%), from €89,201 to €73,788
- Tangible fixed assets -€4,136
down €4,136 (-15.7%), from €26,267 to €22,131
- Stocks and contracts +€3,050
up €3,050 (+36.0%), from €8,480 to €11,530
Equity and liabilities
- Profit (loss) carried forward -€76,861
down €76,861 (-1,694%), from -€4,537 to -€81,398
- Contributions +€49,601
up €49,601 (+29.1%), from €170,400 to €220,001
- Trade debts +€21,014
up €21,014 (+125%), from €16,796 to €37,810
- Other debts -€19,577
down €19,577 (-94.9%), from €20,626 to €1,048
- Current portion of long-term debt -€16,018
down €16,018 (-76.3%), from €20,990 to €4,972
Income statement
- Staff costs +€77,096
up €77,096 (+61.8%), from €124,748 to €201,844
- Gross operating margin -€6,075
down €6,075 (-3.9%), from €155,975 to €149,900
- Depreciation +€1,589
up €1,589 (+7.7%), from €20,754 to €22,343
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
€7,837
Gross operating margin
-€6,075
Staff costs
-€77,096
Depreciation
-€1,589
Other operating charges
+€63
Financial income
-€523
Financial charges
+€517
Taxes
+€5
Result 2025
-€76,861
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
-€28,415
Investment
-€2,795
Financing
+€28,611
Cash 2024
€49,328
From operations (derived)
-€28,415
Net result for the year
-€76,861
Depreciation
+€22,343
Stocks and contracts
-€3,050
Receivables within one year
+€34,627
Deferred charges and accrued income
+€616
Trade debts
+€21,014
Tax, wage and social debts
+€1,194
Other debts
-€19,577
Accrued charges and deferred income
-€8,721
Investment (derived)
-€2,795
Investment in fixed assets (net)
-€2,795
Financing
+€28,611
Debts after one year
-€4,972
Current portion of long-term debt
-€16,018
Contributions, distributions and other
+€49,601
Cash 2025
€46,730
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,867 | €212,527 | -€54,340 | -20.4% |
| Fixed assets | 21/28 | €115,468 | €95,919 | -€19,549 | -16.9% |
| Intangible fixed assets | 21 | €89,201 | €73,788 | -€15,413 | -17.3% |
| Tangible fixed assets | 22/27 | €26,267 | €22,131 | -€4,136 | -15.7% |
| Plant, machinery and equipment | 23 | €8,888 | €7,791 | -€1,097 | -12.3% |
| Furniture and vehicles | 24 | €2,731 | €1,235 | -€1,496 | -54.8% |
| Other tangible fixed assets | 26 | €14,648 | €13,105 | -€1,543 | -10.5% |
| Current assets | 29/58 | €151,399 | €116,608 | -€34,791 | -23.0% |
| Stocks and contracts in progress | 3 | €8,480 | €11,530 | +€3,050 | +36.0% |
| Stocks | 30/36 | €8,480 | €11,530 | +€3,050 | +36.0% |
| Amounts receivable within one year | 40/41 | €83,746 | €49,118 | -€34,627 | -41.3% |
| Trade receivables | 40 | €27,920 | €36,919 | +€8,999 | +32.2% |
| Other amounts receivable | 41 | €55,826 | €12,199 | -€43,627 | -78.1% |
| Cash at bank and in hand | 54/58 | €49,328 | €46,730 | -€2,598 | -5.3% |
| Deferred charges and accrued income | 490/1 | €9,845 | €9,229 | -€616 | -6.3% |
| Total equity and liabilities | 10/49 | €266,867 | €212,527 | -€54,340 | -20.4% |
| Equity | 10/15 | €165,863 | €138,603 | -€27,260 | -16.4% |
| Contributions | 10/11 | €170,400 | €220,001 | +€49,601 | +29.1% |
| Profit (loss) carried forward | 14 | -€4,537 | -€81,398 | -€76,861 | -1,694% |
| Amounts payable | 17/49 | €101,004 | €73,924 | -€27,080 | -26.8% |
| Amounts payable after more than one year | 17 | €16,067 | €11,095 | -€4,972 | -30.9% |
| Financial debts | 170/4 | €16,067 | €11,095 | -€4,972 | -30.9% |
| Amounts payable within one year | 42/48 | €76,216 | €62,829 | -€13,387 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €20,990 | €4,972 | -€16,018 | -76.3% |
| Trade debts | 44 | €16,796 | €37,810 | +€21,014 | +125% |
| Suppliers | 440/4 | €16,796 | €37,810 | +€21,014 | +125% |
| Taxes, remuneration and social security | 45 | €17,805 | €18,999 | +€1,194 | +6.7% |
| Taxes | 450/3 | €139 | €274 | +€135 | +96.6% |
| Remuneration and social security | 454/9 | €17,666 | €18,725 | +€1,059 | +6.0% |
| Other amounts payable | 47/48 | €20,626 | €1,048 | -€19,577 | -94.9% |
| Accrued charges and deferred income | 492/3 | €8,721 | - | -€8,721 | |
| Remuneration, social security and pensions | 62 | €124,748 | €201,844 | +€77,096 | +61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,754 | €22,343 | +€1,589 | +7.7% |
| Other operating charges | 640/8 | €1,303 | €1,240 | -€63 | -4.8% |
| Gross operating margin | 9900 | €155,975 | €149,900 | -€6,075 | -3.9% |
| Operating profit (loss) | 9901 | €9,170 | -€75,527 | -€84,697 | |
| Financial income | 75/76B | €671 | €148 | -€523 | -77.9% |
| Recurring financial income | 75 | €671 | €148 | -€523 | -77.9% |
| Financial charges | 65/66B | €1,864 | €1,347 | -€517 | -27.7% |
| Recurring financial charges | 65 | €1,864 | €1,347 | -€517 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €7,977 | -€76,726 | -€84,703 | |
| Income taxes | 67/77 | €140 | €135 | -€5 | -3.3% |
| Profit (loss) for the period | 9904 | €7,837 | -€76,861 | -€84,698 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,837 | -€76,861 | -€84,698 |
Next steps
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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 7 November 2026 via checked.be.