BFG DECO: 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.
BFG DECO
Largest movements
- Receivables within one year -€19,012
down €19,012 (-68.5%), from €27,758 to €8,745
of which Trade receivables: -€24,422
- Cash -€16,552
down €16,552 (-76.9%), from €21,536 to €4,984
mainly Tax, wage and social debts (-€69,859) and Net result for the year (-€8,843)
- Tangible fixed assets -€2,597
down €2,597 (-37.2%), from €6,985 to €4,388
of which Furniture and vehicles: -€3,501
- Tax, wage and social debts -€69,859
down €69,859 (-87.9%), from €79,478 to €9,619
of which Remuneration and social security: -€50,156
- Trade debts +€36,502
up €36,502 (+86.1%), from €42,374 to €78,875
of which Suppliers: +€31,327
- Profit (loss) carried forward -€8,843
down €8,843 (-9.7%), from -€91,061 to -€99,904
- Other debts +€8,600
up €8,600 (+83.0%), from €10,357 to €18,957
- Current portion of long-term debt -€3,871
no longer reported in 2025 (was €3,871)
- Staff costs -€17,737
down €17,737 (-13.8%), from €128,827 to €111,090
- Gross operating margin -€14,980
down €14,980 (-11.5%), from €130,326 to €115,346
- Financial charges +€7,467
up €7,467 (+1104.2%), from €676 to €8,144
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 | €65,479 | €28,008 | -€37,471 | -57.2% |
| Fixed assets | 21/28 | €7,408 | €4,810 | -€2,597 | -35.1% |
| Tangible fixed assets | 22/27 | €6,985 | €4,388 | -€2,597 | -37.2% |
| Plant, machinery and equipment | 23 | €372 | €1,275 | +€903 | +243.0% |
| Furniture and vehicles | 24 | €6,613 | €3,113 | -€3,501 | -52.9% |
| Financial fixed assets | 28 | €423 | €423 | = | 0.0% |
| Current assets | 29/58 | €58,072 | €23,198 | -€34,874 | -60.1% |
| Stocks and contracts in progress | 3 | €8,778 | €9,277 | +€500 | +5.7% |
| Stocks | 30/36 | €8,778 | €9,277 | +€500 | +5.7% |
| Amounts receivable within one year | 40/41 | €27,758 | €8,745 | -€19,012 | -68.5% |
| Trade receivables | 40 | €26,330 | €1,908 | -€24,422 | -92.8% |
| Other amounts receivable | 41 | €1,427 | €6,837 | +€5,410 | +379.0% |
| Cash at bank and in hand | 54/58 | €21,536 | €4,984 | -€16,552 | -76.9% |
| Deferred charges and accrued income | 490/1 | - | €191 | +€191 | |
| Total equity and liabilities | 10/49 | €65,479 | €28,008 | -€37,471 | -57.2% |
| Equity | 10/15 | -€70,601 | -€79,444 | -€8,843 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,061 | -€99,904 | -€8,843 | -9.7% |
| Amounts payable | 17/49 | €136,080 | €107,452 | -€28,629 | -21.0% |
| Amounts payable within one year | 42/48 | €136,080 | €107,452 | -€28,629 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €3,871 | - | -€3,871 | |
| Trade debts | 44 | €42,374 | €78,875 | +€36,502 | +86.1% |
| Suppliers | 440/4 | €42,374 | €73,701 | +€31,327 | +73.9% |
| Bills of exchange payable | 441 | - | €5,174 | +€5,174 | |
| Taxes, remuneration and social security | 45 | €79,478 | €9,619 | -€69,859 | -87.9% |
| Taxes | 450/3 | €29,322 | €9,619 | -€19,703 | -67.2% |
| Remuneration and social security | 454/9 | €50,156 | - | -€50,156 | |
| Other amounts payable | 47/48 | €10,357 | €18,957 | +€8,600 | +83.0% |
| Remuneration, social security and pensions | 62 | €128,827 | €111,090 | -€17,737 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,124 | €4,184 | +€60 | +1.4% |
| Other operating charges | 640/8 | €1,961 | €886 | -€1,075 | -54.8% |
| Gross operating margin | 9900 | €130,326 | €115,346 | -€14,980 | -11.5% |
| Operating profit (loss) | 9901 | -€4,586 | -€814 | +€3,772 | +82.3% |
| Financial income | 75/76B | €50 | €115 | +€65 | +129.3% |
| Recurring financial income | 75 | €50 | €115 | +€65 | +129.3% |
| Financial charges | 65/66B | €676 | €8,144 | +€7,467 | +1104.2% |
| Recurring financial charges | 65 | €676 | €8,144 | +€7,467 | +1104.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,213 | -€8,843 | -€3,630 | -69.6% |
| Profit (loss) for the period | 9904 | -€5,213 | -€8,843 | -€3,630 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,213 | -€8,843 | -€3,630 | -69.6% |
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.