BFJ: 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.
BFJ
Largest movements
- Receivables within one year +€62,633
up €62,633 (+306%), from €20,474 to €83,107
of which Other amounts receivable: +€53,094
- Financial fixed assets -€30,000
down €30,000 (-50.8%), from €59,000 to €29,000
- Stocks and contracts -€13,153
down €13,153 (-82.0%), from €16,049 to €2,896
- Tangible fixed assets -€9,824
down €9,824 (-77.5%), from €12,669 to €2,845
of which Other tangible fixed assets: -€7,367
- Cash -€9,525
down €9,525 (-57.8%), from €16,481 to €6,956
mainly Receivables within one year (-€62,633) and Trade debts (-€19,617)
- Profit (loss) carried forward +€52,472
up €52,472 (+80.7%), from -€65,059 to -€12,587
- Trade debts -€19,617
down €19,617 (-26.6%), from €73,878 to €54,262
- Tax, wage and social debts -€19,479
down €19,479 (-32.9%), from €59,209 to €39,730
of which Taxes: -€19,507
- Short-term financial debts -€8,025
down €8,025 (-73.3%), from €10,946 to €2,921
- Other debts -€4,621
down €4,621 (-20.9%), from €22,062 to €17,441
- Staff costs -€64,471
down €64,471 (-22.3%), from €289,069 to €224,598
- Gross operating margin +€17,479
up €17,479 (+6.2%), from €280,568 to €298,047
- Financial charges -€9,590
down €9,590 (-52.9%), from €18,118 to €8,528
of which Non-recurring financial charges: -€11,409
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.
Derived cash bridge
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 | €126,295 | €127,010 | +€715 | +0.6% |
| Fixed assets | 21/28 | €72,669 | €31,845 | -€40,824 | -56.2% |
| Intangible fixed assets | 21 | €1,000 | €0 | -€1,000 | -100% |
| Tangible fixed assets | 22/27 | €12,669 | €2,845 | -€9,824 | -77.5% |
| Plant, machinery and equipment | 23 | €0 | €607 | +€607 | |
| Furniture and vehicles | 24 | €3,225 | €161 | -€3,065 | -95.0% |
| Other tangible fixed assets | 26 | €9,444 | €2,077 | -€7,367 | -78.0% |
| Financial fixed assets | 28 | €59,000 | €29,000 | -€30,000 | -50.8% |
| Current assets | 29/58 | €53,625 | €95,164 | +€41,539 | +77.5% |
| Stocks and contracts in progress | 3 | €16,049 | €2,896 | -€13,153 | -82.0% |
| Stocks | 30/36 | €16,049 | €2,896 | -€13,153 | -82.0% |
| Amounts receivable within one year | 40/41 | €20,474 | €83,107 | +€62,633 | +306% |
| Trade receivables | 40 | €20,474 | €30,014 | +€9,539 | +46.6% |
| Other amounts receivable | 41 | - | €53,094 | +€53,094 | |
| Cash at bank and in hand | 54/58 | €16,481 | €6,956 | -€9,525 | -57.8% |
| Deferred charges and accrued income | 490/1 | €621 | €2,205 | +€1,583 | +255% |
| Total equity and liabilities | 10/49 | €126,295 | €127,010 | +€715 | +0.6% |
| Equity | 10/15 | -€44,599 | €7,873 | +€52,472 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,059 | -€12,587 | +€52,472 | +80.7% |
| Amounts payable | 17/49 | €170,894 | €119,137 | -€51,757 | -30.3% |
| Amounts payable within one year | 42/48 | €170,894 | €119,137 | -€51,757 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €4,798 | €4,783 | -€15 | -0.3% |
| Financial debts | 43 | €10,946 | €2,921 | -€8,025 | -73.3% |
| Credit institutions | 430/8 | €10,946 | €2,921 | -€8,025 | -73.3% |
| Trade debts | 44 | €73,878 | €54,262 | -€19,617 | -26.6% |
| Suppliers | 440/4 | €73,878 | €54,262 | -€19,617 | -26.6% |
| Taxes, remuneration and social security | 45 | €59,209 | €39,730 | -€19,479 | -32.9% |
| Taxes | 450/3 | €32,437 | €12,930 | -€19,507 | -60.1% |
| Remuneration and social security | 454/9 | €26,772 | €26,800 | +€27 | +0.1% |
| Other amounts payable | 47/48 | €22,062 | €17,441 | -€4,621 | -20.9% |
| Remuneration, social security and pensions | 62 | €289,069 | €224,598 | -€64,471 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,661 | €11,449 | -€213 | -1.8% |
| Other operating charges | 640/8 | €2,916 | €1,131 | -€1,785 | -61.2% |
| Gross operating margin | 9900 | €280,568 | €298,047 | +€17,479 | +6.2% |
| Operating profit (loss) | 9901 | -€23,078 | €60,869 | +€83,947 | |
| Financial income | 75/76B | - | €700 | +€700 | |
| Recurring financial income | 75 | - | €700 | +€700 | |
| Financial charges | 65/66B | €18,118 | €8,528 | -€9,590 | -52.9% |
| Recurring financial charges | 65 | €6,261 | €8,080 | +€1,819 | +29.0% |
| Non-recurring financial charges | 66B | €11,857 | €448 | -€11,409 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,196 | €53,041 | +€94,237 | |
| Income taxes | 67/77 | €445 | €569 | +€124 | +27.9% |
| Profit (loss) for the period | 9904 | -€41,641 | €52,472 | +€94,113 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,641 | €52,472 | +€94,113 |
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 24 October 2026 via checked.be.