BIFA: 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.
BIFA
Largest movements
- Receivables within one year +€23,523
up €23,523 (+358%), from €6,574 to €30,096
- Cash -€6,802
down €6,802 (-9.1%), from €74,766 to €67,964
mainly Receivables within one year (-€23,523) and Stocks and contracts (-€4,017)
- Stocks and contracts +€4,017
up €4,017 (+127%), from €3,169 to €7,186
- Trade debts +€16,372
up €16,372 (+148%), from €11,086 to €27,458
- Tax, wage and social debts +€5,695
up €5,695 (+49.2%), from €11,571 to €17,266
of which Remuneration and social security: +€4,365
- Gross operating margin +€31,986
up €31,986 (+79.1%), from €40,424 to €72,410
- Staff costs +€29,339
up €29,339 (+221%), from €13,274 to €42,613
- Other operating charges +€12,512
up €12,512 (+1,338%), from €935 to €13,447
- Financial charges +€8,091
up €8,091 (+673%), from €1,202 to €9,293
- Taxes +€1,464
up €1,464 (+27.1%), from €5,401 to €6,865
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 | €86,470 | €107,371 | +€20,900 | +24.2% |
| Fixed assets | 21/28 | €1,962 | €2,124 | +€162 | +8.3% |
| Intangible fixed assets | 21 | €622 | €122 | -€500 | -80.4% |
| Tangible fixed assets | 22/27 | €1,340 | €2,002 | +€662 | +49.4% |
| Plant, machinery and equipment | 23 | €186 | €1,281 | +€1,096 | +591% |
| Furniture and vehicles | 24 | €1,154 | €721 | -€433 | -37.5% |
| Current assets | 29/58 | €84,508 | €105,246 | +€20,738 | +24.5% |
| Stocks and contracts in progress | 3 | €3,169 | €7,186 | +€4,017 | +127% |
| Stocks | 30/36 | €3,169 | €7,186 | +€4,017 | +127% |
| Amounts receivable within one year | 40/41 | €6,574 | €30,096 | +€23,523 | +358% |
| Other amounts receivable | 41 | €6,574 | €30,096 | +€23,523 | +358% |
| Cash at bank and in hand | 54/58 | €74,766 | €67,964 | -€6,802 | -9.1% |
| Total equity and liabilities | 10/49 | €86,470 | €107,371 | +€20,900 | +24.2% |
| Equity | 10/15 | €58,345 | €57,388 | -€957 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,745 | €38,788 | -€957 | -2.4% |
| Amounts payable | 17/49 | €28,125 | €49,982 | +€21,857 | +77.7% |
| Amounts payable within one year | 42/48 | €28,125 | €49,982 | +€21,857 | +77.7% |
| Financial debts | 43 | €5,468 | €5,258 | -€210 | -3.8% |
| Credit institutions | 430/8 | €5,468 | €5,258 | -€210 | -3.8% |
| Trade debts | 44 | €11,086 | €27,458 | +€16,372 | +148% |
| Suppliers | 440/4 | €11,086 | €27,458 | +€16,372 | +148% |
| Taxes, remuneration and social security | 45 | €11,571 | €17,266 | +€5,695 | +49.2% |
| Taxes | 450/3 | €10,936 | €12,265 | +€1,330 | +12.2% |
| Remuneration and social security | 454/9 | €635 | €5,001 | +€4,365 | +687% |
| Remuneration, social security and pensions | 62 | €13,274 | €42,613 | +€29,339 | +221% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €993 | €1,148 | +€156 | +15.7% |
| Other operating charges | 640/8 | €935 | €13,447 | +€12,512 | +1,338% |
| Gross operating margin | 9900 | €40,424 | €72,410 | +€31,986 | +79.1% |
| Operating profit (loss) | 9901 | €25,222 | €15,201 | -€10,021 | -39.7% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,202 | €9,293 | +€8,091 | +673% |
| Recurring financial charges | 65 | €1,202 | €9,293 | +€8,091 | +673% |
| Profit (loss) for the period before taxes | 9903 | €24,029 | €5,908 | -€18,121 | -75.4% |
| Income taxes | 67/77 | €5,401 | €6,865 | +€1,464 | +27.1% |
| Profit (loss) for the period | 9904 | €18,628 | -€957 | -€19,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,628 | -€957 | -€19,585 |
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.