BFELIX: 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.
BFELIX
Largest movements
- Receivables within one year -€34,606
down €34,606 (-54.5%), from €63,525 to €28,919
- Tangible fixed assets +€13,470
up €13,470 (+86.8%), from €15,515 to €28,984
of which Land and buildings: +€10,062
- Cash -€10,060
down €10,060 (-50.3%), from €19,988 to €9,928
mainly Tax, wage and social debts (-€26,257) and Contributions, distributions and other (-€25,000)
- Tax, wage and social debts -€26,257
down €26,257 (-60.6%), from €43,350 to €17,094
of which Taxes: -€20,891
- Reserves -€25,000
down €25,000 (-38.5%), from €65,000 to €40,000
- Profit (loss) carried forward +€21,831
up €21,831 (+131.9%), from €16,547 to €38,378
- Financial charges -€65,897
down €65,897 (-99.6%), from €66,141 to €244
- Gross operating margin -€39,026
down €39,026 (-48.7%), from €80,093 to €41,067
- Taxes +€3,708
up €3,708 (+59.1%), from €6,279 to €9,988
- Depreciation +€2,982
up €2,982 (+116.9%), from €2,550 to €5,533
- Other operating charges +€2,092
up €2,092 (+141.1%), from €1,483 to €3,575
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 | €134,083 | €102,831 | -€31,252 | -23.3% |
| Fixed assets | 21/28 | €15,570 | €28,984 | +€13,415 | +86.2% |
| Tangible fixed assets | 22/27 | €15,515 | €28,984 | +€13,470 | +86.8% |
| Land and buildings | 22 | €10,900 | €20,962 | +€10,062 | +92.3% |
| Plant, machinery and equipment | 23 | €982 | €760 | -€222 | -22.6% |
| Furniture and vehicles | 24 | €3,632 | €7,262 | +€3,630 | +99.9% |
| Financial fixed assets | 28 | €55 | €0 | -€55 | -100.0% |
| Current assets | 29/58 | €118,513 | €73,847 | -€44,666 | -37.7% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Trade receivables | 290 | €35,000 | - | -€35,000 | |
| Other amounts receivable | 291 | - | €35,000 | +€35,000 | |
| Amounts receivable within one year | 40/41 | €63,525 | €28,919 | -€34,606 | -54.5% |
| Trade receivables | 40 | €63,525 | €28,919 | -€34,606 | -54.5% |
| Cash at bank and in hand | 54/58 | €19,988 | €9,928 | -€10,060 | -50.3% |
| Total equity and liabilities | 10/49 | €134,083 | €102,831 | -€31,252 | -23.3% |
| Equity | 10/15 | €84,547 | €81,378 | -€3,169 | -3.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €40,000 | -€25,000 | -38.5% |
| Distributable reserves | 133 | €65,000 | €40,000 | -€25,000 | -38.5% |
| Profit (loss) carried forward | 14 | €16,547 | €38,378 | +€21,831 | +131.9% |
| Amounts payable | 17/49 | €49,537 | €21,453 | -€28,083 | -56.7% |
| Amounts payable within one year | 42/48 | €49,537 | €21,453 | -€28,083 | -56.7% |
| Trade debts | 44 | €2,714 | €1,887 | -€828 | -30.5% |
| Suppliers | 440/4 | €2,714 | €1,887 | -€828 | -30.5% |
| Taxes, remuneration and social security | 45 | €43,350 | €17,094 | -€26,257 | -60.6% |
| Taxes | 450/3 | €37,984 | €17,094 | -€20,891 | -55.0% |
| Remuneration and social security | 454/9 | €5,366 | €0 | -€5,366 | -100.0% |
| Other amounts payable | 47/48 | €3,472 | €2,473 | -€999 | -28.8% |
| Remuneration, social security and pensions | 62 | €27 | €0 | -€27 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,550 | €5,533 | +€2,982 | +116.9% |
| Other operating charges | 640/8 | €1,483 | €3,575 | +€2,092 | +141.1% |
| Gross operating margin | 9900 | €80,093 | €41,067 | -€39,026 | -48.7% |
| Operating profit (loss) | 9901 | €76,033 | €31,960 | -€44,073 | -58.0% |
| Financial income | 75/76B | €979 | €103 | -€876 | -89.5% |
| Recurring financial income | 75 | €979 | €103 | -€876 | -89.5% |
| Financial charges | 65/66B | €66,141 | €244 | -€65,897 | -99.6% |
| Recurring financial charges | 65 | €66,141 | €244 | -€65,897 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €10,871 | €31,819 | +€20,948 | +192.7% |
| Income taxes | 67/77 | €6,279 | €9,988 | +€3,708 | +59.1% |
| Profit (loss) for the period | 9904 | €4,592 | €21,831 | +€17,239 | +375.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,592 | €21,831 | +€17,239 | +375.4% |
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 29 September 2026 via checked.be.