BFL Group: 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.
BFL Group
Largest movements
- Financial fixed assets +€820,000
new in 2025: €820,000
- Receivables within one year -€18,626
down €18,626 (-38.9%), from €47,890 to €29,264
of which Trade receivables: -€10,386
- Cash +€15,639
up €15,639 (+2677.9%), from €584 to €16,223
mainly Debts after one year (+€414,097) and Other debts (+€310,907)
- Debts after one year +€414,097
new in 2025: €414,097
- Other debts +€310,907
up €310,907 (+146654.2%), from €212 to €311,119
- Current portion of long-term debt +€79,807
new in 2025: €79,807
- Trade debts -€24,933
down €24,933 (-85.0%), from €29,343 to €4,410
- Profit (loss) carried forward +€23,969
no longer reported in 2025 (was -€23,969)
- Financial charges +€19,021
up €19,021 (+3128.5%), from €608 to €19,629
- Gross operating margin +€18,937
up €18,937 (+46.4%), from €40,847 to €59,784
- Taxes +€8,283
up €8,283 (+381.0%), from €2,174 to €10,457
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 | €48,474 | €865,487 | +€817,013 | +1685.5% |
| Fixed assets | 21/28 | - | €820,000 | +€820,000 | |
| Financial fixed assets | 28 | - | €820,000 | +€820,000 | |
| Current assets | 29/58 | €48,474 | €45,487 | -€2,987 | -6.2% |
| Amounts receivable within one year | 40/41 | €47,890 | €29,264 | -€18,626 | -38.9% |
| Trade receivables | 40 | €34,586 | €24,200 | -€10,386 | -30.0% |
| Other amounts receivable | 41 | €13,304 | €5,064 | -€8,240 | -61.9% |
| Cash at bank and in hand | 54/58 | €584 | €16,223 | +€15,639 | +2677.9% |
| Total equity and liabilities | 10/49 | €48,474 | €865,487 | +€817,013 | +1685.5% |
| Equity | 10/15 | €16,031 | €45,215 | +€29,184 | +182.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | €40,000 | = | 0.0% |
| Issued capital | 100 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | - | €5,215 | +€5,215 | |
| Distributable reserves | 133 | - | €5,215 | +€5,215 | |
| Profit (loss) carried forward | 14 | -€23,969 | - | +€23,969 | |
| Amounts payable | 17/49 | €32,443 | €820,272 | +€787,829 | +2428.3% |
| Amounts payable after more than one year | 17 | - | €414,097 | +€414,097 | |
| Financial debts | 170/4 | - | €414,097 | +€414,097 | |
| Amounts payable within one year | 42/48 | €32,443 | €406,175 | +€373,732 | +1152.0% |
| Current portion of amounts payable after more than one year | 42 | - | €79,807 | +€79,807 | |
| Trade debts | 44 | €29,343 | €4,410 | -€24,933 | -85.0% |
| Suppliers | 440/4 | €29,343 | €4,410 | -€24,933 | -85.0% |
| Taxes, remuneration and social security | 45 | €2,888 | €10,839 | +€7,951 | +275.3% |
| Taxes | 450/3 | €2,888 | €10,839 | +€7,951 | +275.3% |
| Other amounts payable | 47/48 | €212 | €311,119 | +€310,907 | +146654.2% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €40,847 | €59,784 | +€18,937 | +46.4% |
| Operating profit (loss) | 9901 | €40,348 | €59,271 | +€18,923 | +46.9% |
| Financial charges | 65/66B | €608 | €19,629 | +€19,021 | +3128.5% |
| Recurring financial charges | 65 | €608 | €19,629 | +€19,021 | +3128.5% |
| Profit (loss) for the period before taxes | 9903 | €39,740 | €39,642 | -€98 | -0.2% |
| Income taxes | 67/77 | €2,174 | €10,457 | +€8,283 | +381.0% |
| Profit (loss) for the period | 9904 | €37,566 | €29,185 | -€8,381 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,566 | €29,185 | -€8,381 | -22.3% |
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 7 October 2026 via checked.be.