BFMS: 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.
What changed
BFMS
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€285,720
2024 · €293,516-€7,796
Equity
€1.7m
2024 · €2.7m-€1.0m
Cash
€60,514
2024 · €73,525-€13,012
Balance sheet total
€3.5m
2024 · €4.4m-€842,055
Largest movements
Assets
- Receivables after one year -€905,877
no longer reported in 2025 (was €905,877)
- Receivables within one year +€112,866
up €112,866 (+5.7%), from €2.0m to €2.1m
of which Trade receivables: +€108,553
- Tangible fixed assets -€49,286
down €49,286 (-4.3%), from €1.2m to €1.1m
of which Land and buildings: -€47,832
Equity and liabilities
- Reserves -€1.0m
down €1.0m (-38.4%), from €2.7m to €1.7m
of which Distributable reserves: -€1.0m
- Tax, wage and social debts +€114,948
up €114,948 (+81.8%), from €140,490 to €255,437
- Other debts +€77,649
up €77,649 (+38.5%), from €201,897 to €279,546
Income statement
- Financial charges +€6,573
up €6,573 (+18.8%), from €34,977 to €41,549
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.
Result 2024
€293,516
Gross operating margin
+€81
Depreciation
-€307
Other operating charges
+€1,364
Financial income
-€3,543
Financial charges
-€6,573
Taxes
+€1,181
Result 2025
€285,720
raises the resultlowers the result
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.
From operations
+€1.3m
Investment
-€14,562
Financing
-€1.3m
Cash 2024
€73,525
From operations (derived)
+€1.3m
Net result for the year
+€285,720
Depreciation
+€49,286
Receivables after one year
+€905,877
Receivables within one year
-€112,866
Smaller working-capital items
+€2,066
Tax, wage and social debts
+€114,948
Other debts
+€77,649
Investment (derived)
-€14,562
Investment in fixed assets (net)
-€1,000
Current investments
-€13,562
Financing
-€1.3m
Debts after one year
-€17,599
Current portion of long-term debt
+€17,416
Short-term financial debts
-€13
Contributions, distributions and other
-€1.3m
Cash 2025
€60,514
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,354,062 | €3,512,007 | -€842,055 | -19.3% |
| Fixed assets | 21/28 | €1,161,152 | €1,112,865 | -€48,286 | -4.2% |
| Tangible fixed assets | 22/27 | €1,152,152 | €1,102,865 | -€49,286 | -4.3% |
| Land and buildings | 22 | €1,146,332 | €1,098,500 | -€47,832 | -4.2% |
| Plant, machinery and equipment | 23 | €3,701 | €3,099 | -€602 | -16.3% |
| Furniture and vehicles | 24 | €2,118 | €1,266 | -€852 | -40.2% |
| Financial fixed assets | 28 | €9,000 | €10,000 | +€1,000 | +11.1% |
| Current assets | 29/58 | €3,192,911 | €2,399,142 | -€793,769 | -24.9% |
| Amounts receivable after more than one year | 29 | €905,877 | - | -€905,877 | |
| Other amounts receivable | 291 | €905,877 | - | -€905,877 | |
| Amounts receivable within one year | 40/41 | €1,974,432 | €2,087,298 | +€112,866 | +5.7% |
| Trade receivables | 40 | €231,680 | €340,233 | +€108,553 | +46.9% |
| Other amounts receivable | 41 | €1,742,752 | €1,747,065 | +€4,313 | +0.2% |
| Current investments | 50/53 | €211,910 | €225,472 | +€13,562 | +6.4% |
| Cash at bank and in hand | 54/58 | €73,525 | €60,514 | -€13,012 | -17.7% |
| Deferred charges and accrued income | 490/1 | €27,167 | €25,859 | -€1,308 | -4.8% |
| Total equity and liabilities | 10/49 | €4,354,062 | €3,512,007 | -€842,055 | -19.3% |
| Equity | 10/15 | €2,731,559 | €1,696,346 | -€1.0m | -37.9% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €2,725,359 | €1,677,746 | -€1.0m | -38.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,723,499 | €1,675,886 | -€1.0m | -38.5% |
| Amounts payable | 17/49 | €1,622,503 | €1,815,662 | +€193,158 | +11.9% |
| Amounts payable after more than one year | 17 | €1,113,136 | €1,095,538 | -€17,599 | -1.6% |
| Financial debts | 170/4 | €1,113,136 | €1,095,538 | -€17,599 | -1.6% |
| Amounts payable within one year | 42/48 | €509,367 | €720,124 | +€210,757 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €109,829 | €127,244 | +€17,416 | +15.9% |
| Financial debts | 43 | €42,780 | €42,767 | -€13 | 0.0% |
| Credit institutions | 430/8 | €42,780 | €42,767 | -€13 | 0.0% |
| Trade debts | 44 | €14,372 | €15,129 | +€758 | +5.3% |
| Suppliers | 440/4 | €14,372 | €15,129 | +€758 | +5.3% |
| Taxes, remuneration and social security | 45 | €140,490 | €255,437 | +€114,948 | +81.8% |
| Taxes | 450/3 | €140,490 | €255,437 | +€114,948 | +81.8% |
| Other amounts payable | 47/48 | €201,897 | €279,546 | +€77,649 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,980 | €49,286 | +€307 | +0.6% |
| Other operating charges | 640/8 | €10,485 | €9,121 | -€1,364 | -13.0% |
| Gross operating margin | 9900 | €476,987 | €477,068 | +€81 | 0.0% |
| Operating profit (loss) | 9901 | €417,522 | €418,660 | +€1,139 | +0.3% |
| Financial income | 75/76B | €7,724 | €4,181 | -€3,543 | -45.9% |
| Recurring financial income | 75 | €7,724 | €4,181 | -€3,543 | -45.9% |
| Financial charges | 65/66B | €34,977 | €41,549 | +€6,573 | +18.8% |
| Recurring financial charges | 65 | €34,977 | €41,549 | +€6,573 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €390,269 | €381,292 | -€8,977 | -2.3% |
| Income taxes | 67/77 | €96,752 | €95,572 | -€1,181 | -1.2% |
| Profit (loss) for the period | 9904 | €293,516 | €285,720 | -€7,796 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €293,516 | €285,720 | -€7,796 | -2.7% |
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 15 October 2026 via checked.be.