BFX Group: 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.
BFX Group
Largest movements
- Receivables within one year +€46,139
up €46,139 (+853.6%), from €5,405 to €51,544
- Cash +€39,774
up €39,774 (+818.5%), from €4,859 to €44,633
mainly Net result for the year (+€52,101) and Advances received (+€20,162)
- Tangible fixed assets -€3,272
down €3,272 (-33.3%), from €9,815 to €6,543
of which Plant, machinery and equipment: -€2,556
- Profit (loss) carried forward +€52,101
up €52,101, from -€9,927 to €42,174
- Advances received +€20,162
up €20,162 (+1133.7%), from €1,778 to €21,940
- Tax, wage and social debts +€18,294
up €18,294 (+348.2%), from €5,254 to €23,548
- Other debts -€17,450
down €17,450 (-90.6%), from €19,261 to €1,811
- Trade debts +€9,535
up €9,535 (+785.8%), from €1,213 to €10,748
- Gross operating margin +€81,820
up €81,820, from -€13,640 to €68,181
- Taxes +€10,159
up €10,159, from €0 to €10,159
- Depreciation +€1,157
up €1,157 (+54.7%), from €2,115 to €3,272
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 | €20,080 | €102,720 | +€82,641 | +411.6% |
| Fixed assets | 21/28 | €9,815 | €6,543 | -€3,272 | -33.3% |
| Tangible fixed assets | 22/27 | €9,815 | €6,543 | -€3,272 | -33.3% |
| Plant, machinery and equipment | 23 | €9,099 | €6,543 | -€2,556 | -28.1% |
| Furniture and vehicles | 24 | €716 | €0 | -€716 | -100.0% |
| Current assets | 29/58 | €10,264 | €96,177 | +€85,913 | +837.0% |
| Amounts receivable within one year | 40/41 | €5,405 | €51,544 | +€46,139 | +853.6% |
| Trade receivables | 40 | €5,405 | €51,544 | +€46,139 | +853.6% |
| Cash at bank and in hand | 54/58 | €4,859 | €44,633 | +€39,774 | +818.5% |
| Total equity and liabilities | 10/49 | €20,080 | €102,720 | +€82,641 | +411.6% |
| Equity | 10/15 | -€7,427 | €44,674 | +€52,101 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,927 | €42,174 | +€52,101 | |
| Amounts payable | 17/49 | €27,507 | €58,047 | +€30,540 | +111.0% |
| Amounts payable within one year | 42/48 | €27,507 | €58,047 | +€30,540 | +111.0% |
| Trade debts | 44 | €1,213 | €10,748 | +€9,535 | +785.8% |
| Suppliers | 440/4 | €1,213 | €10,748 | +€9,535 | +785.8% |
| Advances received on contracts in progress | 46 | €1,778 | €21,940 | +€20,162 | +1133.7% |
| Taxes, remuneration and social security | 45 | €5,254 | €23,548 | +€18,294 | +348.2% |
| Taxes | 450/3 | €5,254 | €23,548 | +€18,294 | +348.2% |
| Other amounts payable | 47/48 | €19,261 | €1,811 | -€17,450 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,115 | €3,272 | +€1,157 | +54.7% |
| Other operating charges | 640/8 | €1,187 | €1,657 | +€470 | +39.6% |
| Gross operating margin | 9900 | -€13,640 | €68,181 | +€81,820 | |
| Operating profit (loss) | 9901 | -€16,942 | €63,251 | +€80,193 | |
| Financial income | 75/76B | €1 | €29 | +€28 | +2173.2% |
| Recurring financial income | 75 | €1 | €29 | +€28 | +2173.2% |
| Financial charges | 65/66B | €601 | €1,020 | +€419 | +69.7% |
| Recurring financial charges | 65 | €601 | €1,020 | +€419 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,542 | €62,260 | +€79,802 | |
| Income taxes | 67/77 | €0 | €10,159 | +€10,159 | |
| Profit (loss) for the period | 9904 | -€17,542 | €52,101 | +€69,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,542 | €52,101 | +€69,643 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.