BFG Immobilier: what changed
What changed
BFG Immobilier
filed annual accounts (NBB)
Net result for the year
€27,125
2024 · €22,959+€4,167
Equity
€14,501
2024 · -€12,624+€27,125
Cash
€33,236
2024 · €23,576+€9,660
Balance sheet total
€825,501
2024 · €841,276-€15,774
Largest movements
Assets
- Tangible fixed assets -€26,368
down €26,368 (-3.3%), from €808,552 to €782,184
- Cash +€9,660
up €9,660 (+41.0%), from €23,576 to €33,236
mainly Net result for the year (+€27,125) and Depreciation (+€26,368)
Equity and liabilities
- Debts after one year -€40,055
down €40,055 (-5.0%), from €797,739 to €757,684
of which Financial debts: -€40,055
- Profit (loss) carried forward +€27,125
up €27,125 (+30.7%), from -€88,265 to -€61,139
Income statement
- Gross operating margin +€2,667
up €2,667 (+4.0%), from €66,735 to €69,402
- Other operating charges -€856
down €856 (-12.9%), from €6,625 to €5,769
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
€22,959
Gross operating margin
+€2,667
Other operating charges
+€856
Financial charges
+€643
Result 2025
€27,125
raises 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
+€49,170
Investment
€0
Financing
-€39,510
Cash 2024
€23,576
From operations (derived)
+€49,170
Net result for the year
+€27,125
Depreciation
+€26,368
Receivables within one year
-€6,601
Deferred charges and accrued income
+€5,668
Trade debts
-€6,490
Accrued charges and deferred income
+€3,100
Financing
-€39,510
Debts after one year
-€40,055
Current portion of long-term debt
+€545
Cash 2025
€33,236
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €841,276 | €825,501 | -€15,774 | -1.9% |
| Fixed assets | 21/28 | €808,552 | €782,184 | -€26,368 | -3.3% |
| Tangible fixed assets | 22/27 | €808,552 | €782,184 | -€26,368 | -3.3% |
| Land and buildings | 22 | €808,552 | €782,184 | -€26,368 | -3.3% |
| Current assets | 29/58 | €32,724 | €43,317 | +€10,594 | +32.4% |
| Amounts receivable within one year | 40/41 | €3,480 | €10,081 | +€6,601 | +190% |
| Other amounts receivable | 41 | €3,480 | €10,081 | +€6,601 | +190% |
| Cash at bank and in hand | 54/58 | €23,576 | €33,236 | +€9,660 | +41.0% |
| Deferred charges and accrued income | 490/1 | €5,668 | €0 | -€5,668 | -100% |
| Total equity and liabilities | 10/49 | €841,276 | €825,501 | -€15,774 | -1.9% |
| Equity | 10/15 | -€12,624 | €14,501 | +€27,125 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €15,640 | €15,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,522 | €1,522 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,522 | €1,522 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,119 | €14,119 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,265 | -€61,139 | +€27,125 | +30.7% |
| Amounts payable | 17/49 | €853,900 | €811,000 | -€42,900 | -5.0% |
| Amounts payable after more than one year | 17 | €797,739 | €757,684 | -€40,055 | -5.0% |
| Financial debts | 170/4 | €487,739 | €447,684 | -€40,055 | -8.2% |
| Other amounts payable | 178/9 | €310,000 | €310,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,861 | €40,916 | -€5,945 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €39,510 | €40,055 | +€545 | +1.4% |
| Trade debts | 44 | €6,855 | €366 | -€6,490 | -94.7% |
| Suppliers | 440/4 | €6,855 | €366 | -€6,490 | -94.7% |
| Other amounts payable | 47/48 | €496 | €496 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,300 | €12,400 | +€3,100 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,368 | €26,368 | = | 0.0% |
| Other operating charges | 640/8 | €6,625 | €5,769 | -€856 | -12.9% |
| Gross operating margin | 9900 | €66,735 | €69,402 | +€2,667 | +4.0% |
| Operating profit (loss) | 9901 | €33,742 | €37,265 | +€3,523 | +10.4% |
| Financial charges | 65/66B | €10,783 | €10,140 | -€643 | -6.0% |
| Recurring financial charges | 65 | €10,783 | €10,140 | -€643 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €22,959 | €27,125 | +€4,167 | +18.1% |
| Profit (loss) for the period | 9904 | €22,959 | €27,125 | +€4,167 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,959 | €27,125 | +€4,167 | +18.1% |
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 4 November 2026 via checked.be.