BFE ENGINEERING: 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.
BFE ENGINEERING
Largest movements
- Cash +€1.4m
up €1.4m (+18979.6%), from €7,195 to €1.4m
mainly Net result for the year (+€1.5m) and Depreciation (+€68,039)
- Profit (loss) carried forward +€1.5m
up €1.5m (+112.9%), from €1.3m to €2.8m
- Other debts -€180,655
down €180,655 (-1.2%), from €14.6m to €14.4m
- Financial income +€1.3m
up €1.3m (+595.6%), from €216,646 to €1.5m
- Gross operating margin -€7,179
down €7,179 (-13.1%), from €54,881 to €47,701
- Other operating charges -€3,380
down €3,380 (-40.6%), from €8,331 to €4,951
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 | €15,916,330 | €17,213,357 | +€1.3m | +8.1% |
| Fixed assets | 21/28 | €15,719,591 | €15,651,551 | -€68,039 | -0.4% |
| Tangible fixed assets | 22/27 | €2,140,509 | €2,072,470 | -€68,039 | -3.2% |
| Land and buildings | 22 | €2,140,509 | €2,072,470 | -€68,039 | -3.2% |
| Financial fixed assets | 28 | €13,579,082 | €13,579,082 | = | 0.0% |
| Current assets | 29/58 | €196,739 | €1,561,806 | +€1.4m | +693.8% |
| Amounts receivable within one year | 40/41 | €178,434 | €185,178 | +€6,745 | +3.8% |
| Trade receivables | 40 | - | €1,929 | +€1,929 | |
| Other amounts receivable | 41 | €178,434 | €183,249 | +€4,816 | +2.7% |
| Cash at bank and in hand | 54/58 | €7,195 | €1,372,690 | +€1.4m | +18979.6% |
| Deferred charges and accrued income | 490/1 | €11,111 | €3,938 | -€7,174 | -64.6% |
| Total equity and liabilities | 10/49 | €15,916,330 | €17,213,357 | +€1.3m | +8.1% |
| Equity | 10/15 | €1,320,060 | €2,801,660 | +€1.5m | +112.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,312,000 | €2,793,600 | +€1.5m | +112.9% |
| Amounts payable | 17/49 | €14,596,270 | €14,411,697 | -€184,573 | -1.3% |
| Amounts payable within one year | 42/48 | €14,592,024 | €14,411,697 | -€180,328 | -1.2% |
| Trade debts | 44 | €4,908 | €5,235 | +€327 | +6.7% |
| Suppliers | 440/4 | €4,908 | €5,235 | +€327 | +6.7% |
| Other amounts payable | 47/48 | €14,587,116 | €14,406,462 | -€180,655 | -1.2% |
| Accrued charges and deferred income | 492/3 | €4,246 | - | -€4,246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,826 | €68,039 | +€213 | +0.3% |
| Other operating charges | 640/8 | €8,331 | €4,951 | -€3,380 | -40.6% |
| Gross operating margin | 9900 | €54,881 | €47,701 | -€7,179 | -13.1% |
| Operating profit (loss) | 9901 | -€21,277 | -€25,289 | -€4,012 | -18.9% |
| Financial income | 75/76B | €216,646 | €1,506,959 | +€1.3m | +595.6% |
| Recurring financial income | 75 | €216,646 | €1,506,959 | +€1.3m | +595.6% |
| Financial charges | 65/66B | €74 | €70 | -€4 | -5.0% |
| Recurring financial charges | 65 | €74 | €70 | -€4 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €195,296 | €1,481,600 | +€1.3m | +658.6% |
| Profit (loss) for the period | 9904 | €195,296 | €1,481,600 | +€1.3m | +658.6% |
| Profit (loss) for the period to be appropriated | 9905 | €195,296 | €1,481,600 | +€1.3m | +658.6% |
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 6 October 2026 via checked.be.