BFM INVEST: 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.
BFM INVEST
Largest movements
- Receivables within one year +€42,774
up €42,774 (+6,726%), from €636 to €43,410
of which Trade receivables: +€42,161
- Tangible fixed assets +€33,482
new in 2026: €33,482
- Cash -€17,087
down €17,087 (-98.2%), from €17,404 to €317
mainly Receivables within one year (-€42,774) and Investment in fixed assets (net) (-€37,691)
- Trade debts +€41,608
new in 2026: €41,608
- Other debts +€30,000
new in 2026: €30,000
- Profit (loss) carried forward -€12,440
down €12,440 (-514%), from -€2,420 to -€14,860
- Gross operating margin -€7,067
down €7,067 (-1,070%), from -€661 to -€7,727
- Depreciation +€4,210
new in 2026: €4,210
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,040 | €77,209 | +€59,169 | +328% |
| Fixed assets | 21/28 | - | €33,482 | +€33,482 | |
| Tangible fixed assets | 22/27 | - | €33,482 | +€33,482 | |
| Land and buildings | 22 | - | €33,482 | +€33,482 | |
| Current assets | 29/58 | €18,040 | €43,727 | +€25,687 | +142% |
| Amounts receivable within one year | 40/41 | €636 | €43,410 | +€42,774 | +6,726% |
| Trade receivables | 40 | - | €42,161 | +€42,161 | |
| Other amounts receivable | 41 | €636 | €1,249 | +€613 | +96.4% |
| Cash at bank and in hand | 54/58 | €17,404 | €317 | -€17,087 | -98.2% |
| Total equity and liabilities | 10/49 | €18,040 | €77,209 | +€59,169 | +328% |
| Equity | 10/15 | €18,040 | €5,600 | -€12,440 | -69.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | -€2,420 | -€14,860 | -€12,440 | -514% |
| Amounts payable | 17/49 | - | €71,608 | +€71,608 | |
| Amounts payable within one year | 42/48 | - | €71,608 | +€71,608 | |
| Trade debts | 44 | - | €41,608 | +€41,608 | |
| Suppliers | 440/4 | - | €41,608 | +€41,608 | |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,210 | +€4,210 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€661 | -€7,727 | -€7,067 | -1,070% |
| Operating profit (loss) | 9901 | -€1,048 | -€12,337 | -€11,289 | -1,077% |
| Financial charges | 65/66B | €96 | €103 | +€7 | +7.0% |
| Recurring financial charges | 65 | €96 | €103 | +€7 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,144 | -€12,440 | -€11,296 | -987% |
| Profit (loss) for the period | 9904 | -€1,144 | -€12,440 | -€11,296 | -987% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,144 | -€12,440 | -€11,296 | -987% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.