BFH PROTECTION: 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.
What changed
BFH PROTECTION
NACE 46.900, Non-specialised wholesale trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€54,259
2023 · -€60,528+€6,270
Equity
€778,160
2023 · €832,419-€54,259
Cash
€12,628
2023 · €20,378-€7,750
Balance sheet total
€1.7m
2023 · €1.8m-€111,513
Largest movements
Assets
- Stocks and contracts -€42,863
down €42,863 (-12.0%), from €356,358 to €313,495
- Tangible fixed assets -€33,984
down €33,984 (-3.2%), from €1.1m to €1.0m
of which Land and buildings: -€36,731
- Receivables within one year -€27,207
down €27,207 (-8.2%), from €330,053 to €302,846
of which Trade receivables: -€28,827
Equity and liabilities
- Profit (loss) carried forward -€54,259
down €54,259, from €25,238 to -€29,021
- Trade debts -€44,829
down €44,829 (-21.3%), from €210,711 to €165,882
- Other debts +€30,000
up €30,000 (+100%), from €30,000 to €60,000
- Debts after one year -€21,720
down €21,720 (-17.4%), from €124,756 to €103,036
Income statement
- Financial charges -€7,298
down €7,298 (-13.1%), from €55,704 to €48,405
- Other operating charges +€5,888
up €5,888 (+61.5%), from €9,572 to €15,460
- Gross operating margin +€3,410
up €3,410 (+7.5%), from €45,186 to €48,595
- Taxes -€588
down €588 (-35.5%), from €1,656 to €1,067
From the 2023 result to the 2024 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.
Result 2023
-€60,528
Gross operating margin
+€3,410
Depreciation
+€437
Other operating charges
-€5,888
Financial income
+€424
Financial charges
+€7,298
Taxes
+€588
Result 2024
-€54,259
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€45,900
Investment
-€4,884
Financing
-€48,765
Cash 2023
€20,378
From operations (derived)
+€45,900
Net result for the year
-€54,259
Depreciation
+€39,775
Stocks and contracts
+€42,863
Receivables within one year
+€27,207
Deferred charges and accrued income
-€1,198
Trade debts
-€44,829
Tax, wage and social debts
+€8,915
Advances received
+€2,960
Other debts
+€30,000
Accrued charges and deferred income
-€5,534
Investment (derived)
-€4,884
Investment in fixed assets (net)
-€4,884
Financing
-€48,765
Debts after one year
-€21,720
Current portion of long-term debt
-€17,075
Short-term financial debts
-€9,970
Cash 2024
€12,628
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,776,949 | €1,665,436 | -€111,513 | -6.3% |
| Fixed assets | 21/28 | €1,067,911 | €1,033,020 | -€34,891 | -3.3% |
| Intangible fixed assets | 21 | €3,689 | €2,782 | -€907 | -24.6% |
| Tangible fixed assets | 22/27 | €1,064,148 | €1,030,164 | -€33,984 | -3.2% |
| Land and buildings | 22 | €1,060,335 | €1,023,604 | -€36,731 | -3.5% |
| Plant, machinery and equipment | 23 | €1,037 | €5,382 | +€4,345 | +419% |
| Furniture and vehicles | 24 | €2,775 | €1,178 | -€1,598 | -57.6% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €709,038 | €632,416 | -€76,622 | -10.8% |
| Stocks and contracts in progress | 3 | €356,358 | €313,495 | -€42,863 | -12.0% |
| Stocks | 30/36 | €356,358 | €313,495 | -€42,863 | -12.0% |
| Amounts receivable within one year | 40/41 | €330,053 | €302,846 | -€27,207 | -8.2% |
| Trade receivables | 40 | €304,146 | €275,320 | -€28,827 | -9.5% |
| Other amounts receivable | 41 | €25,907 | €27,526 | +€1,619 | +6.3% |
| Cash at bank and in hand | 54/58 | €20,378 | €12,628 | -€7,750 | -38.0% |
| Deferred charges and accrued income | 490/1 | €2,250 | €3,448 | +€1,198 | +53.3% |
| Total equity and liabilities | 10/49 | €1,776,949 | €1,665,436 | -€111,513 | -6.3% |
| Equity | 10/15 | €832,419 | €778,160 | -€54,259 | -6.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €735,185 | €735,185 | = | 0.0% |
| Reserves | 13 | €9,996 | €9,996 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,796 | €3,796 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,238 | -€29,021 | -€54,259 | |
| Amounts payable | 17/49 | €944,530 | €887,276 | -€57,254 | -6.1% |
| Amounts payable after more than one year | 17 | €124,756 | €103,036 | -€21,720 | -17.4% |
| Financial debts | 170/4 | €124,756 | €103,036 | -€21,720 | -17.4% |
| Amounts payable within one year | 42/48 | €813,341 | €783,341 | -€30,000 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €38,795 | €21,720 | -€17,075 | -44.0% |
| Financial debts | 43 | €490,302 | €480,332 | -€9,970 | -2.0% |
| Credit institutions | 430/8 | €300,000 | €480,332 | +€180,332 | +60.1% |
| Other loans | 439 | €190,302 | - | -€190,302 | |
| Trade debts | 44 | €210,711 | €165,882 | -€44,829 | -21.3% |
| Suppliers | 440/4 | €210,711 | €165,882 | -€44,829 | -21.3% |
| Advances received on contracts in progress | 46 | €74 | €3,034 | +€2,960 | +3,974% |
| Taxes, remuneration and social security | 45 | €43,457 | €52,372 | +€8,915 | +20.5% |
| Taxes | 450/3 | €39,798 | €41,287 | +€1,489 | +3.7% |
| Remuneration and social security | 454/9 | €3,659 | €11,085 | +€7,426 | +203% |
| Other amounts payable | 47/48 | €30,000 | €60,000 | +€30,000 | +100% |
| Accrued charges and deferred income | 492/3 | €6,434 | €900 | -€5,534 | -86.0% |
| Non-recurring operating income | 76A | €11,620 | €0 | -€11,620 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,212 | €39,775 | -€437 | -1.1% |
| Other operating charges | 640/8 | €9,572 | €15,460 | +€5,888 | +61.5% |
| Gross operating margin | 9900 | €45,186 | €48,595 | +€3,410 | +7.5% |
| Operating profit (loss) | 9901 | -€4,598 | -€6,639 | -€2,041 | -44.4% |
| Financial income | 75/76B | €1,429 | €1,853 | +€424 | +29.6% |
| Recurring financial income | 75 | €1,429 | €1,853 | +€424 | +29.6% |
| Financial charges | 65/66B | €55,704 | €48,405 | -€7,298 | -13.1% |
| Recurring financial charges | 65 | €55,704 | €48,405 | -€7,298 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€58,873 | -€53,191 | +€5,681 | +9.7% |
| Income taxes | 67/77 | €1,656 | €1,067 | -€588 | -35.5% |
| Profit (loss) for the period | 9904 | -€60,528 | -€54,259 | +€6,270 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,528 | -€54,259 | +€6,270 | +10.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.