BFLEET: 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.
BFLEET
Largest movements
- Tangible fixed assets -€24,476
down €24,476 (-7.5%), from €325,783 to €301,307
of which Land and buildings: -€25,446
- Cash -€5,196
down €5,196 (-26.6%), from €19,512 to €14,316
mainly Debts after one year (-€155,597) and Investment in fixed assets (net) (-€11,500)
- Debts after one year -€155,597
down €155,597 (-55.9%), from €278,513 to €122,916
- Other debts +€126,999
new in 2025: €126,999
- Trade debts +€14,983
up €14,983 (+319.6%), from €4,689 to €19,672
- Current portion of long-term debt -€10,717
down €10,717 (-49.7%), from €21,545 to €10,828
- Gross operating margin -€37,901
down €37,901 (-43.7%), from €86,720 to €48,819
- Depreciation -€6,325
down €6,325 (-15.0%), from €42,301 to €35,976
- Taxes -€2,871
down €2,871 (-56.8%), from €5,058 to €2,187
- Other operating charges +€1,465
up €1,465 (+88.6%), from €1,653 to €3,119
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 | €360,357 | €334,165 | -€26,191 | -7.3% |
| Fixed assets | 21/28 | €325,783 | €301,307 | -€24,476 | -7.5% |
| Tangible fixed assets | 22/27 | €325,783 | €301,307 | -€24,476 | -7.5% |
| Land and buildings | 22 | €300,499 | €275,054 | -€25,446 | -8.5% |
| Plant, machinery and equipment | 23 | €19,353 | €14,123 | -€5,229 | -27.0% |
| Furniture and vehicles | 24 | €5,931 | €12,130 | +€6,199 | +104.5% |
| Current assets | 29/58 | €34,574 | €32,859 | -€1,715 | -5.0% |
| Amounts receivable within one year | 40/41 | €14,157 | €17,254 | +€3,097 | +21.9% |
| Trade receivables | 40 | €7,009 | €16,221 | +€9,212 | +131.4% |
| Other amounts receivable | 41 | €7,148 | €1,033 | -€6,115 | -85.6% |
| Cash at bank and in hand | 54/58 | €19,512 | €14,316 | -€5,196 | -26.6% |
| Deferred charges and accrued income | 490/1 | €905 | €1,289 | +€384 | +42.4% |
| Total equity and liabilities | 10/49 | €360,357 | €334,165 | -€26,191 | -7.3% |
| Equity | 10/15 | €48,217 | €46,822 | -€1,395 | -2.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 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 | -€3,643 | -€5,038 | -€1,395 | -38.3% |
| Amounts payable | 17/49 | €312,139 | €287,343 | -€24,796 | -7.9% |
| Amounts payable after more than one year | 17 | €278,513 | €122,916 | -€155,597 | -55.9% |
| Financial debts | 170/4 | €278,513 | €122,916 | -€155,597 | -55.9% |
| Amounts payable within one year | 42/48 | €33,626 | €164,427 | +€130,801 | +389.0% |
| Current portion of amounts payable after more than one year | 42 | €21,545 | €10,828 | -€10,717 | -49.7% |
| Trade debts | 44 | €4,689 | €19,672 | +€14,983 | +319.6% |
| Suppliers | 440/4 | €4,689 | €19,672 | +€14,983 | +319.6% |
| Taxes, remuneration and social security | 45 | €7,393 | €6,929 | -€464 | -6.3% |
| Taxes | 450/3 | €7,393 | €6,929 | -€464 | -6.3% |
| Other amounts payable | 47/48 | - | €126,999 | +€126,999 | |
| Non-recurring operating income | 76A | €3,466 | €3,466 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,301 | €35,976 | -€6,325 | -15.0% |
| Other operating charges | 640/8 | €1,653 | €3,119 | +€1,465 | +88.6% |
| Gross operating margin | 9900 | €86,720 | €48,819 | -€37,901 | -43.7% |
| Operating profit (loss) | 9901 | €42,766 | €9,724 | -€33,042 | -77.3% |
| Financial income | 75/76B | €215 | €73 | -€142 | -66.1% |
| Recurring financial income | 75 | €215 | €73 | -€142 | -66.1% |
| Financial charges | 65/66B | €9,131 | €9,006 | -€126 | -1.4% |
| Recurring financial charges | 65 | €9,131 | €9,006 | -€126 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €33,850 | €792 | -€33,058 | -97.7% |
| Income taxes | 67/77 | €5,058 | €2,187 | -€2,871 | -56.8% |
| Profit (loss) for the period | 9904 | €28,792 | -€1,395 | -€30,187 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,792 | -€1,395 | -€30,187 |
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 8 October 2026 via checked.be.