BFS&A: 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.
BFS&A
Largest movements
- Cash +€383,428
up €383,428 (+537%), from €71,361 to €454,789
mainly Other debts (+€267,353) and Current investments (+€214,670)
- Current investments -€214,670
down €214,670 (-68.6%), from €313,120 to €98,450
- Receivables within one year +€33,630
up €33,630 (+26.8%), from €125,271 to €158,902
of which Trade receivables: +€33,576
- Profit (loss) carried forward -€304,085
down €304,085 (-88.7%), from €342,974 to €38,889
- Other debts +€267,353
up €267,353 (+546%), from €48,936 to €316,289
- Reserves +€200,000
up €200,000 (+96.7%), from €206,855 to €406,855
of which Distributable reserves: +€200,000
- Tax, wage and social debts +€40,652
up €40,652 (+84.9%), from €47,870 to €88,522
of which Taxes: +€39,323
- Gross operating margin +€120,043
up €120,043 (+35.7%), from €336,699 to €456,743
- Taxes +€37,060
up €37,060 (+67.0%), from €55,299 to €92,359
- Financial income +€24,530
up €24,530 (+225%), from €10,882 to €35,412
- Staff costs +€23,854
up €23,854 (+15.3%), from €156,120 to €179,974
- Other operating charges -€7,792
down €7,792 (-52.5%), from €14,851 to €7,060
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 | €677,633 | €878,872 | +€201,239 | +29.7% |
| Fixed assets | 21/28 | €157,964 | €159,885 | +€1,921 | +1.2% |
| Tangible fixed assets | 22/27 | €7,962 | €9,883 | +€1,921 | +24.1% |
| Plant, machinery and equipment | 23 | €6,950 | €5,907 | -€1,043 | -15.0% |
| Furniture and vehicles | 24 | €1,013 | €3,976 | +€2,964 | +293% |
| Financial fixed assets | 28 | €150,002 | €150,002 | = | 0.0% |
| Current assets | 29/58 | €519,669 | €718,987 | +€199,318 | +38.4% |
| Amounts receivable within one year | 40/41 | €125,271 | €158,902 | +€33,630 | +26.8% |
| Trade receivables | 40 | €125,247 | €158,823 | +€33,576 | +26.8% |
| Other amounts receivable | 41 | €24 | €78 | +€54 | +223% |
| Current investments | 50/53 | €313,120 | €98,450 | -€214,670 | -68.6% |
| Cash at bank and in hand | 54/58 | €71,361 | €454,789 | +€383,428 | +537% |
| Deferred charges and accrued income | 490/1 | €9,916 | €6,846 | -€3,070 | -31.0% |
| Total equity and liabilities | 10/49 | €677,633 | €878,872 | +€201,239 | +29.7% |
| Equity | 10/15 | €568,379 | €464,294 | -€104,085 | -18.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €206,855 | €406,855 | +€200,000 | +96.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €205,000 | €405,000 | +€200,000 | +97.6% |
| Profit (loss) carried forward | 14 | €342,974 | €38,889 | -€304,085 | -88.7% |
| Provisions and deferred taxes | 16 | €5,584 | €5,584 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,584 | €5,584 | = | 0.0% |
| Major repairs and maintenance | 162 | €5,584 | €5,584 | = | 0.0% |
| Amounts payable | 17/49 | €103,671 | €408,995 | +€305,324 | +295% |
| Amounts payable within one year | 42/48 | €103,671 | €408,260 | +€304,589 | +294% |
| Trade debts | 44 | €6,865 | €3,449 | -€3,416 | -49.8% |
| Suppliers | 440/4 | €6,865 | €3,449 | -€3,416 | -49.8% |
| Taxes, remuneration and social security | 45 | €47,870 | €88,522 | +€40,652 | +84.9% |
| Taxes | 450/3 | €30,197 | €69,520 | +€39,323 | +130% |
| Remuneration and social security | 454/9 | €17,673 | €19,003 | +€1,330 | +7.5% |
| Other amounts payable | 47/48 | €48,936 | €316,289 | +€267,353 | +546% |
| Accrued charges and deferred income | 492/3 | - | €735 | +€735 | |
| Remuneration, social security and pensions | 62 | €156,120 | €179,974 | +€23,854 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,194 | €5,511 | +€2,317 | +72.5% |
| Other operating charges | 640/8 | €14,851 | €7,060 | -€7,792 | -52.5% |
| Gross operating margin | 9900 | €336,699 | €456,743 | +€120,043 | +35.7% |
| Operating profit (loss) | 9901 | €162,534 | €264,197 | +€101,664 | +62.5% |
| Financial income | 75/76B | €10,882 | €35,412 | +€24,530 | +225% |
| Recurring financial income | 75 | €10,882 | €35,412 | +€24,530 | +225% |
| Financial charges | 65/66B | €331 | €1,335 | +€1,004 | +303% |
| Recurring financial charges | 65 | €331 | €1,335 | +€1,004 | +303% |
| Profit (loss) for the period before taxes | 9903 | €173,084 | €298,274 | +€125,190 | +72.3% |
| Income taxes | 67/77 | €55,299 | €92,359 | +€37,060 | +67.0% |
| Profit (loss) for the period | 9904 | €117,785 | €205,915 | +€88,130 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €117,785 | €205,915 | +€88,130 | +74.8% |
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 14 October 2026 via checked.be.