BFKN: 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.
BFKN
Largest movements
- Cash +€11,643
up €11,643 (+16.5%), from €70,390 to €82,033
mainly Net result for the year (+€13,041) and Depreciation (+€11,065)
- Intangible fixed assets -€9,000
down €9,000 (-22.2%), from €40,500 to €31,500
- Reserves +€13,041
up €13,041 (+81.2%), from €16,065 to €29,106
- Trade debts -€10,227
down €10,227 (-52.0%), from €19,651 to €9,424
- Tax, wage and social debts -€6,076
down €6,076 (-64.8%), from €9,374 to €3,298
of which Taxes: -€6,402
- Other debts +€5,578
up €5,578 (+209%), from €2,663 to €8,241
- Accrued charges and deferred income +€2,222
up €2,222 (+1,736%), from €128 to €2,350
- Gross operating margin -€6,609
down €6,609 (-17.5%), from €37,697 to €31,088
- Depreciation -€1,928
down €1,928 (-14.8%), from €12,993 to €11,065
- Taxes -€1,349
down €1,349 (-18.4%), from €7,332 to €5,983
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 | €115,849 | €120,386 | +€4,537 | +3.9% |
| Fixed assets | 21/28 | €42,053 | €32,930 | -€9,122 | -21.7% |
| Intangible fixed assets | 21 | €40,500 | €31,500 | -€9,000 | -22.2% |
| Tangible fixed assets | 22/27 | €1,553 | €1,430 | -€122 | -7.9% |
| Furniture and vehicles | 24 | €1,553 | €1,430 | -€122 | -7.9% |
| Current assets | 29/58 | €73,796 | €87,456 | +€13,660 | +18.5% |
| Amounts receivable within one year | 40/41 | €2,118 | €3,234 | +€1,116 | +52.7% |
| Trade receivables | 40 | €2,118 | €2,017 | -€101 | -4.8% |
| Other amounts receivable | 41 | - | €1,217 | +€1,217 | |
| Cash at bank and in hand | 54/58 | €70,390 | €82,033 | +€11,643 | +16.5% |
| Deferred charges and accrued income | 490/1 | €1,288 | €2,190 | +€901 | +69.9% |
| Total equity and liabilities | 10/49 | €115,849 | €120,386 | +€4,537 | +3.9% |
| Equity | 10/15 | €84,032 | €97,073 | +€13,041 | +15.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,065 | €29,106 | +€13,041 | +81.2% |
| Distributable reserves | 133 | €16,065 | €29,106 | +€13,041 | +81.2% |
| Profit (loss) carried forward | 14 | €47,967 | €47,967 | = | 0.0% |
| Amounts payable | 17/49 | €31,817 | €23,313 | -€8,504 | -26.7% |
| Amounts payable within one year | 42/48 | €31,689 | €20,964 | -€10,725 | -33.8% |
| Trade debts | 44 | €19,651 | €9,424 | -€10,227 | -52.0% |
| Suppliers | 440/4 | €19,651 | €9,424 | -€10,227 | -52.0% |
| Taxes, remuneration and social security | 45 | €9,374 | €3,298 | -€6,076 | -64.8% |
| Taxes | 450/3 | €7,393 | €991 | -€6,402 | -86.6% |
| Remuneration and social security | 454/9 | €1,981 | €2,307 | +€326 | +16.5% |
| Other amounts payable | 47/48 | €2,663 | €8,241 | +€5,578 | +209% |
| Accrued charges and deferred income | 492/3 | €128 | €2,350 | +€2,222 | +1,736% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,993 | €11,065 | -€1,928 | -14.8% |
| Other operating charges | 640/8 | €1,167 | €843 | -€324 | -27.8% |
| Gross operating margin | 9900 | €37,697 | €31,088 | -€6,609 | -17.5% |
| Operating profit (loss) | 9901 | €23,537 | €19,180 | -€4,357 | -18.5% |
| Financial charges | 65/66B | €140 | €156 | +€16 | +11.1% |
| Recurring financial charges | 65 | €140 | €156 | +€16 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €23,397 | €19,024 | -€4,373 | -18.7% |
| Income taxes | 67/77 | €7,332 | €5,983 | -€1,349 | -18.4% |
| Profit (loss) for the period | 9904 | €16,065 | €13,041 | -€3,024 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,065 | €13,041 | -€3,024 | -18.8% |
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 30 October 2026 via checked.be.