BFKM@2: 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.
BFKM@2
Largest movements
- Tangible fixed assets -€34,157
down €34,157 (-93.7%), from €36,472 to €2,315
of which Plant, machinery and equipment: -€32,942
- Cash +€32,907
up €32,907 (+108.2%), from €30,403 to €63,310
mainly Net result for the year (+€37,355) and Investment in fixed assets (net) (+€32,942)
- Receivables within one year +€28,450
up €28,450 (+125.5%), from €22,675 to €51,125
of which Trade receivables: +€27,362
- Intangible fixed assets -€7,500
no longer reported in 2025 (was €7,500)
- Other debts +€16,341
up €16,341 (+18.3%), from €89,255 to €105,596
- Trade debts +€2,694
up €2,694 (+972.6%), from €277 to €2,971
- Gross operating margin -€88,518
down €88,518 (-40.0%), from €221,344 to €132,826
- Staff costs -€23,224
down €23,224 (-29.4%), from €79,013 to €55,789
- Taxes -€17,963
down €17,963 (-56.5%), from €31,770 to €13,807
- Depreciation -€11,735
down €11,735 (-57.4%), from €20,450 to €8,715
- Financial charges +€7,998
up €7,998 (+13111.5%), from €61 to €8,059
of which Non-recurring financial charges: +€7,942
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 | €97,705 | €116,790 | +€19,085 | +19.5% |
| Fixed assets | 21/28 | €43,972 | €2,315 | -€41,657 | -94.7% |
| Intangible fixed assets | 21 | €7,500 | - | -€7,500 | |
| Tangible fixed assets | 22/27 | €36,472 | €2,315 | -€34,157 | -93.7% |
| Plant, machinery and equipment | 23 | €32,942 | €0 | -€32,942 | -100.0% |
| Furniture and vehicles | 24 | €3,530 | €2,315 | -€1,215 | -34.4% |
| Current assets | 29/58 | €53,733 | €114,475 | +€60,742 | +113.0% |
| Amounts receivable within one year | 40/41 | €22,675 | €51,125 | +€28,450 | +125.5% |
| Trade receivables | 40 | €17,559 | €44,921 | +€27,362 | +155.8% |
| Other amounts receivable | 41 | €5,116 | €6,204 | +€1,088 | +21.3% |
| Cash at bank and in hand | 54/58 | €30,403 | €63,310 | +€32,907 | +108.2% |
| Deferred charges and accrued income | 490/1 | €655 | €40 | -€615 | -93.9% |
| Total equity and liabilities | 10/49 | €97,705 | €116,790 | +€19,085 | +19.5% |
| Equity | 10/15 | €1,589 | €944 | -€645 | -40.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,089 | €444 | -€645 | -59.2% |
| Amounts payable | 17/49 | €96,116 | €115,846 | +€19,730 | +20.5% |
| Amounts payable within one year | 42/48 | €96,116 | €115,846 | +€19,730 | +20.5% |
| Trade debts | 44 | €277 | €2,971 | +€2,694 | +972.6% |
| Suppliers | 440/4 | €277 | €2,971 | +€2,694 | +972.6% |
| Taxes, remuneration and social security | 45 | €6,584 | €7,279 | +€695 | +10.6% |
| Taxes | 450/3 | €4,093 | €7,163 | +€3,070 | +75.0% |
| Remuneration and social security | 454/9 | €2,491 | €116 | -€2,375 | -95.3% |
| Other amounts payable | 47/48 | €89,255 | €105,596 | +€16,341 | +18.3% |
| Remuneration, social security and pensions | 62 | €79,013 | €55,789 | -€23,224 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,450 | €8,715 | -€11,735 | -57.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,794 | +€4,794 | |
| Other operating charges | 640/8 | €1,590 | €4,340 | +€2,750 | +173.0% |
| Gross operating margin | 9900 | €221,344 | €132,826 | -€88,518 | -40.0% |
| Operating profit (loss) | 9901 | €120,291 | €59,188 | -€61,103 | -50.8% |
| Financial income | 75/76B | €8 | €33 | +€25 | +312.5% |
| Recurring financial income | 75 | €8 | €33 | +€25 | +312.5% |
| Financial charges | 65/66B | €61 | €8,059 | +€7,998 | +13111.5% |
| Recurring financial charges | 65 | €61 | €117 | +€56 | +91.8% |
| Non-recurring financial charges | 66B | - | €7,942 | +€7,942 | |
| Profit (loss) for the period before taxes | 9903 | €120,238 | €51,162 | -€69,076 | -57.4% |
| Income taxes | 67/77 | €31,770 | €13,807 | -€17,963 | -56.5% |
| Profit (loss) for the period | 9904 | €88,468 | €37,355 | -€51,113 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,468 | €37,355 | -€51,113 | -57.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.