BFF: what changed
Two financial 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.
BFF
Largest movements
- Cash +€141,074
up €141,074 (+866.5%), from €16,281 to €157,355
mainly Net result for the year (+€115,985) and Trade debts (+€106,010)
- Receivables within one year +€30,896
up €30,896 (+21.0%), from €147,374 to €178,270
of which Trade receivables: +€83,179
- Tangible fixed assets +€28,036
up €28,036 (+39.6%), from €70,834 to €98,869
- Receivables after one year +€11,088
up €11,088 (+50.0%), from €22,176 to €33,264
- Trade debts +€106,010
up €106,010 (+179.4%), from €59,093 to €165,103
- Reserves +€86,485
up €86,485 (+201.0%), from €43,029 to €129,515
of which Distributable reserves: +€86,485
- Other debts +€13,257
up €13,257 (+22.5%), from €59,000 to €72,257
- Financial income -€78,857
down €78,857 (-99.1%), from €79,600 to €743
- Gross operating margin +€74,518
up €74,518 (+82.2%), from €90,603 to €165,122
- Financial charges +€6,656
up €6,656 (+407.6%), from €1,633 to €8,290
- Write-downs -€3,986
down €3,986 (-100.0%), from €3,986 to €0
- Taxes +€3,930
up €3,930 (+17.8%), from €22,038 to €25,968
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 | €269,571 | €478,215 | +€208,644 | +77.4% |
| Fixed assets | 21/28 | €70,834 | €98,869 | +€28,036 | +39.6% |
| Tangible fixed assets | 22/27 | €70,834 | €98,869 | +€28,036 | +39.6% |
| Plant, machinery and equipment | 23 | €2,355 | €11,407 | +€9,052 | +384.4% |
| Furniture and vehicles | 24 | €4,502 | €10,692 | +€6,191 | +137.5% |
| Leasing and similar rights | 25 | €63,978 | €74,871 | +€10,893 | +17.0% |
| Other tangible fixed assets | 26 | - | €1,900 | +€1,900 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €198,738 | €379,346 | +€180,608 | +90.9% |
| Amounts receivable after more than one year | 29 | €22,176 | €33,264 | +€11,088 | +50.0% |
| Other amounts receivable | 291 | €22,176 | €33,264 | +€11,088 | +50.0% |
| Stocks and contracts in progress | 3 | €5,367 | €4,167 | -€1,200 | -22.4% |
| Stocks | 30/36 | €5,367 | €4,167 | -€1,200 | -22.4% |
| Amounts receivable within one year | 40/41 | €147,374 | €178,270 | +€30,896 | +21.0% |
| Trade receivables | 40 | €17,341 | €100,521 | +€83,179 | +479.7% |
| Other amounts receivable | 41 | €130,032 | €77,749 | -€52,283 | -40.2% |
| Cash at bank and in hand | 54/58 | €16,281 | €157,355 | +€141,074 | +866.5% |
| Deferred charges and accrued income | 490/1 | €7,540 | €6,290 | -€1,250 | -16.6% |
| Total equity and liabilities | 10/49 | €269,571 | €478,215 | +€208,644 | +77.4% |
| Equity | 10/15 | €61,629 | €148,115 | +€86,485 | +140.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,029 | €129,515 | +€86,485 | +201.0% |
| Tax-exempt reserves | 132 | €2,926 | €2,926 | = | 0.0% |
| Distributable reserves | 133 | €40,103 | €126,588 | +€86,485 | +215.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €207,942 | €330,100 | +€122,158 | +58.7% |
| Amounts payable after more than one year | 17 | €57,500 | €57,500 | = | 0.0% |
| Trade debts | 175 | €57,500 | €57,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €150,442 | €272,600 | +€122,158 | +81.2% |
| Financial debts | 43 | €8,357 | €10,000 | +€1,643 | +19.7% |
| Credit institutions | 430/8 | €8,357 | €10,000 | +€1,643 | +19.7% |
| Trade debts | 44 | €59,093 | €165,103 | +€106,010 | +179.4% |
| Suppliers | 440/4 | €59,093 | €165,103 | +€106,010 | +179.4% |
| Taxes, remuneration and social security | 45 | €23,991 | €25,240 | +€1,249 | +5.2% |
| Taxes | 450/3 | €23,991 | €25,240 | +€1,249 | +5.2% |
| Other amounts payable | 47/48 | €59,000 | €72,257 | +€13,257 | +22.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,345 | €14,173 | +€2,828 | +24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,986 | €0 | -€3,986 | -100.0% |
| Other operating charges | 640/8 | €1,245 | €1,449 | +€205 | +16.5% |
| Gross operating margin | 9900 | €90,603 | €165,122 | +€74,518 | +82.2% |
| Operating profit (loss) | 9901 | €74,027 | €149,499 | +€75,472 | +102.0% |
| Financial income | 75/76B | €79,600 | €743 | -€78,857 | -99.1% |
| Recurring financial income | 75 | €79,600 | €743 | -€78,857 | -99.1% |
| Financial charges | 65/66B | €1,633 | €8,290 | +€6,656 | +407.6% |
| Recurring financial charges | 65 | €1,633 | €8,290 | +€6,656 | +407.6% |
| Profit (loss) for the period before taxes | 9903 | €151,994 | €141,953 | -€10,041 | -6.6% |
| Income taxes | 67/77 | €22,038 | €25,968 | +€3,930 | +17.8% |
| Profit (loss) for the period | 9904 | €129,957 | €115,985 | -€13,971 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €129,957 | €115,985 | -€13,971 | -10.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.