BFK Projects: what changed
Two fiscal 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.
BFK Projects
Largest movements
- Tangible fixed assets -€21,369
down €21,369 (-37.8%), from €56,596 to €35,227
of which Furniture and vehicles: -€18,928
- Stocks and contracts +€5,039
up €5,039 (+160.0%), from €3,150 to €8,189
of which Contracts in progress: +€4,743
- Cash +€3,540
up €3,540 (+15.4%), from €23,055 to €26,594
mainly Depreciation (+€21,635) and Net result for the year (+€7,732)
- Receivables within one year +€2,694
up €2,694 (+144.9%), from €1,859 to €4,553
of which Other amounts receivable: +€2,306
- Tax, wage and social debts -€11,455
down €11,455 (-80.2%), from €14,286 to €2,831
of which Remuneration and social security: -€11,400
- Reserves +€7,732
up €7,732 (+67.9%), from €11,392 to €19,124
- Debts after one year -€6,645
down €6,645 (-35.8%), from €18,561 to €11,916
- Accrued charges and deferred income +€1,437
up €1,437 (+92.0%), from €1,563 to €3,000
- Other debts -€1,178
down €1,178 (-23.2%), from €5,071 to €3,893
- Gross operating margin -€10,820
down €10,820 (-23.4%), from €46,192 to €35,372
- Depreciation +€9,044
up €9,044 (+71.8%), from €12,591 to €21,635
- Taxes -€3,052
down €3,052 (-45.7%), from €6,682 to €3,631
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 | €87,748 | €77,149 | -€10,600 | -12.1% |
| Fixed assets | 21/28 | €57,239 | €35,604 | -€21,635 | -37.8% |
| Intangible fixed assets | 21 | €643 | €377 | -€266 | -41.4% |
| Tangible fixed assets | 22/27 | €56,596 | €35,227 | -€21,369 | -37.8% |
| Plant, machinery and equipment | 23 | €5,634 | €4,105 | -€1,529 | -27.1% |
| Furniture and vehicles | 24 | €46,477 | €27,549 | -€18,928 | -40.7% |
| Other tangible fixed assets | 26 | €4,485 | €3,573 | -€912 | -20.3% |
| Current assets | 29/58 | €30,509 | €41,544 | +€11,035 | +36.2% |
| Stocks and contracts in progress | 3 | €3,150 | €8,189 | +€5,039 | +160.0% |
| Stocks | 30/36 | €3,150 | €3,446 | +€296 | +9.4% |
| Contracts in progress | 37 | - | €4,743 | +€4,743 | |
| Amounts receivable within one year | 40/41 | €1,859 | €4,553 | +€2,694 | +144.9% |
| Trade receivables | 40 | €54 | €442 | +€388 | +713.6% |
| Other amounts receivable | 41 | €1,805 | €4,111 | +€2,306 | +127.8% |
| Cash at bank and in hand | 54/58 | €23,055 | €26,594 | +€3,540 | +15.4% |
| Deferred charges and accrued income | 490/1 | €2,446 | €2,208 | -€238 | -9.7% |
| Total equity and liabilities | 10/49 | €87,748 | €77,149 | -€10,600 | -12.1% |
| Equity | 10/15 | €44,150 | €51,883 | +€7,732 | +17.5% |
| Reserves | 13 | €11,392 | €19,124 | +€7,732 | +67.9% |
| Distributable reserves | 133 | €11,392 | €19,124 | +€7,732 | +67.9% |
| Profit (loss) carried forward | 14 | €32,759 | €32,759 | = | 0.0% |
| Amounts payable | 17/49 | €43,598 | €25,266 | -€18,332 | -42.0% |
| Amounts payable after more than one year | 17 | €18,561 | €11,916 | -€6,645 | -35.8% |
| Financial debts | 170/4 | €18,561 | €11,916 | -€6,645 | -35.8% |
| Amounts payable within one year | 42/48 | €23,474 | €10,350 | -€13,124 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | €1,631 | €1,645 | +€14 | +0.9% |
| Trade debts | 44 | €2,487 | €1,981 | -€506 | -20.3% |
| Suppliers | 440/4 | €2,487 | €1,981 | -€506 | -20.3% |
| Taxes, remuneration and social security | 45 | €14,286 | €2,831 | -€11,455 | -80.2% |
| Taxes | 450/3 | €2,886 | €2,831 | -€55 | -1.9% |
| Remuneration and social security | 454/9 | €11,400 | €0 | -€11,400 | -100.0% |
| Other amounts payable | 47/48 | €5,071 | €3,893 | -€1,178 | -23.2% |
| Accrued charges and deferred income | 492/3 | €1,563 | €3,000 | +€1,437 | +92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,591 | €21,635 | +€9,044 | +71.8% |
| Other operating charges | 640/8 | €1,368 | €1,294 | -€74 | -5.4% |
| Gross operating margin | 9900 | €46,192 | €35,372 | -€10,820 | -23.4% |
| Operating profit (loss) | 9901 | €32,233 | €12,443 | -€19,789 | -61.4% |
| Financial income | 75/76B | €26 | €31 | +€5 | +19.4% |
| Recurring financial income | 75 | €26 | €31 | +€5 | +19.4% |
| Financial charges | 65/66B | €1,033 | €1,112 | +€79 | +7.6% |
| Recurring financial charges | 65 | €1,033 | €1,112 | +€79 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €31,226 | €11,363 | -€19,863 | -63.6% |
| Income taxes | 67/77 | €6,682 | €3,631 | -€3,052 | -45.7% |
| Profit (loss) for the period | 9904 | €24,544 | €7,732 | -€16,812 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,544 | €7,732 | -€16,812 | -68.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.