BFT Terrassement: 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
BFT Terrassement
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€37,471
2024 · €29,977+€7,494
Equity
€390,371
2024 · €354,384+€35,988
Cash
€30,909
2024 · €45,901-€14,992
Balance sheet total
€1.6m
2024 · €1.9m-€286,768
Largest movements
Assets
- Tangible fixed assets -€154,262
down €154,262 (-10.6%), from €1.5m to €1.3m
- Receivables within one year -€110,784
down €110,784 (-33.7%), from €329,127 to €218,343
of which Trade receivables: -€78,768
Equity and liabilities
- Debts after one year -€222,354
down €222,354 (-23.8%), from €932,809 to €710,455
of which Financial debts: -€162,354
- Trade debts -€120,358
down €120,358 (-75.6%), from €159,134 to €38,776
- Other debts +€54,530
up €54,530 (+60.2%), from €90,637 to €145,168
- Profit (loss) carried forward +€37,471
up €37,471 (+11.1%), from €336,281 to €373,751
- Current portion of long-term debt -€19,304
down €19,304 (-7.3%), from €265,401 to €246,096
Income statement
- Staff costs +€30,144
up €30,144 (+14.8%), from €203,793 to €233,937
- Gross operating margin +€14,018
up €14,018 (+2.3%), from €607,079 to €621,097
- Financial income +€6,583
up €6,583 (+397%), from €1,656 to €8,239
of which Non-recurring financial income: +€5,550
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
€29,977
Gross operating margin
+€14,018
Staff costs
-€30,144
Depreciation
+€2,925
Other operating charges
+€2,931
Other operating items
+€8,458
Financial income
+€6,583
Financial charges
+€4,151
Taxes
-€1,429
Result 2025
€37,471
raises the resultlowers the resultnot broken down further in the accounts
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
+€380,382
Investment
-€139,886
Financing
-€255,488
Cash 2024
€45,901
From operations (derived)
+€380,382
Net result for the year
+€37,471
Depreciation
+€302,656
Stocks and contracts
-€1,778
Receivables within one year
+€110,784
Trade debts
-€120,358
Tax, wage and social debts
-€2,923
Other debts
+€54,530
Investment (derived)
-€139,886
Investment in fixed assets (net)
-€139,886
Financing
-€255,488
Debts after one year
-€222,354
Current portion of long-term debt
-€19,304
Short-term financial debts
-€12,347
Contributions, distributions and other
-€1,483
Cash 2025
€30,909
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,872,132 | €1,585,364 | -€286,768 | -15.3% |
| Fixed assets | 21/28 | €1,461,654 | €1,298,883 | -€162,770 | -11.1% |
| Tangible fixed assets | 22/27 | €1,450,208 | €1,295,946 | -€154,262 | -10.6% |
| Land and buildings | 22 | €528,823 | €489,974 | -€38,850 | -7.3% |
| Plant, machinery and equipment | 23 | €152,999 | €126,865 | -€26,133 | -17.1% |
| Furniture and vehicles | 24 | €289,002 | €233,061 | -€55,941 | -19.4% |
| Leasing and similar rights | 25 | €479,385 | €446,046 | -€33,338 | -7.0% |
| Financial fixed assets | 28 | €11,445 | €2,937 | -€8,508 | -74.3% |
| Current assets | 29/58 | €410,478 | €286,480 | -€123,998 | -30.2% |
| Stocks and contracts in progress | 3 | €35,450 | €37,228 | +€1,778 | +5.0% |
| Stocks | 30/36 | €35,450 | €37,228 | +€1,778 | +5.0% |
| Amounts receivable within one year | 40/41 | €329,127 | €218,343 | -€110,784 | -33.7% |
| Trade receivables | 40 | €273,266 | €194,498 | -€78,768 | -28.8% |
| Other amounts receivable | 41 | €55,861 | €23,845 | -€32,016 | -57.3% |
| Cash at bank and in hand | 54/58 | €45,901 | €30,909 | -€14,992 | -32.7% |
| Total equity and liabilities | 10/49 | €1,872,132 | €1,585,364 | -€286,768 | -15.3% |
| Equity | 10/15 | €354,384 | €390,371 | +€35,988 | +10.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €336,281 | €373,751 | +€37,471 | +11.1% |
| Investment grants | 15 | €5,703 | €4,220 | -€1,483 | -26.0% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,507,748 | €1,184,992 | -€322,756 | -21.4% |
| Amounts payable after more than one year | 17 | €932,809 | €710,455 | -€222,354 | -23.8% |
| Financial debts | 170/4 | €742,809 | €580,455 | -€162,354 | -21.9% |
| Trade debts | 175 | €190,000 | €130,000 | -€60,000 | -31.6% |
| Amounts payable within one year | 42/48 | €574,939 | €474,537 | -€100,402 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €265,401 | €246,096 | -€19,304 | -7.3% |
| Financial debts | 43 | €42,184 | €29,838 | -€12,347 | -29.3% |
| Other loans | 439 | €42,184 | €29,838 | -€12,347 | -29.3% |
| Trade debts | 44 | €159,134 | €38,776 | -€120,358 | -75.6% |
| Suppliers | 440/4 | €159,134 | €38,776 | -€120,358 | -75.6% |
| Taxes, remuneration and social security | 45 | €17,583 | €14,660 | -€2,923 | -16.6% |
| Taxes | 450/3 | €13,210 | €11,745 | -€1,466 | -11.1% |
| Remuneration and social security | 454/9 | €4,372 | €2,915 | -€1,457 | -33.3% |
| Other amounts payable | 47/48 | €90,637 | €145,168 | +€54,530 | +60.2% |
| Remuneration, social security and pensions | 62 | €203,793 | €233,937 | +€30,144 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,582 | €302,656 | -€2,925 | -1.0% |
| Other operating charges | 640/8 | €16,037 | €13,107 | -€2,931 | -18.3% |
| Non-recurring operating charges | 66A | €10,000 | €1,542 | -€8,458 | -84.6% |
| Gross operating margin | 9900 | €607,079 | €621,097 | +€14,018 | +2.3% |
| Operating profit (loss) | 9901 | €71,667 | €69,855 | -€1,812 | -2.5% |
| Financial income | 75/76B | €1,656 | €8,239 | +€6,583 | +397% |
| Recurring financial income | 75 | €1,656 | €2,689 | +€1,033 | +62.4% |
| Non-recurring financial income | 76B | - | €5,550 | +€5,550 | |
| Financial charges | 65/66B | €35,835 | €31,684 | -€4,151 | -11.6% |
| Recurring financial charges | 65 | €35,835 | €31,684 | -€4,151 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €37,488 | €46,410 | +€8,923 | +23.8% |
| Income taxes | 67/77 | €7,511 | €8,940 | +€1,429 | +19.0% |
| Profit (loss) for the period | 9904 | €29,977 | €37,471 | +€7,494 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,977 | €37,471 | +€7,494 | +25.0% |
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 25 October 2026 via checked.be.