BIFO: 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.
BIFO
Largest movements
- Financial fixed assets +€408,000
up €408,000 (+204.0%), from €200,000 to €608,000
- Cash +€57,846
up €57,846 (+78.9%), from €73,358 to €131,204
mainly Debts after one year (+€346,527) and Net result for the year (+€97,750)
- Receivables within one year -€31,340
down €31,340 (-99.3%), from €31,548 to €208
of which Trade receivables: -€24,768
- Debts after one year +€346,527
up €346,527 (+14134.3%), from €2,452 to €348,979
- Reserves +€57,000
up €57,000 (+26.2%), from €217,846 to €274,846
- Current portion of long-term debt +€27,699
up €27,699 (+94.6%), from €29,284 to €56,983
- Gross operating margin +€17,284
up €17,284 (+20.7%), from €83,385 to €100,669
- Financial income +€12,932
up €12,932 (+47.0%), from €27,506 to €40,438
- Taxes +€7,721
up €7,721 (+26.9%), from €28,697 to €36,418
- Financial charges +€1,547
up €1,547 (+43.9%), from €3,522 to €5,069
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 | €309,751 | €742,641 | +€432,890 | +139.8% |
| Fixed assets | 21/28 | €202,976 | €609,647 | +€406,670 | +200.4% |
| Tangible fixed assets | 22/27 | €2,976 | €1,647 | -€1,330 | -44.7% |
| Furniture and vehicles | 24 | €2,444 | €1,647 | -€797 | -32.6% |
| Other tangible fixed assets | 26 | €533 | - | -€533 | |
| Financial fixed assets | 28 | €200,000 | €608,000 | +€408,000 | +204.0% |
| Current assets | 29/58 | €106,775 | €132,995 | +€26,220 | +24.6% |
| Amounts receivable within one year | 40/41 | €31,548 | €208 | -€31,340 | -99.3% |
| Trade receivables | 40 | €24,768 | - | -€24,768 | |
| Other amounts receivable | 41 | €6,780 | €208 | -€6,572 | -96.9% |
| Cash at bank and in hand | 54/58 | €73,358 | €131,204 | +€57,846 | +78.9% |
| Deferred charges and accrued income | 490/1 | €1,868 | €1,583 | -€285 | -15.3% |
| Total equity and liabilities | 10/49 | €309,751 | €742,641 | +€432,890 | +139.8% |
| Equity | 10/15 | €219,852 | €277,602 | +€57,750 | +26.3% |
| Reserves | 13 | €217,846 | €274,846 | +€57,000 | +26.2% |
| Distributable reserves | 133 | €217,846 | €274,846 | +€57,000 | +26.2% |
| Profit (loss) carried forward | 14 | €2,006 | €2,756 | +€750 | +37.4% |
| Amounts payable | 17/49 | €89,899 | €465,039 | +€375,140 | +417.3% |
| Amounts payable after more than one year | 17 | €2,452 | €348,979 | +€346,527 | +14134.3% |
| Financial debts | 170/4 | €2,452 | €348,979 | +€346,527 | +14134.3% |
| Amounts payable within one year | 42/48 | €87,447 | €116,060 | +€28,613 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €29,284 | €56,983 | +€27,699 | +94.6% |
| Financial debts | 43 | €228 | - | -€228 | |
| Credit institutions | 430/8 | €228 | - | -€228 | |
| Trade debts | 44 | €4,730 | €3,915 | -€815 | -17.2% |
| Suppliers | 440/4 | €4,730 | €3,915 | -€815 | -17.2% |
| Taxes, remuneration and social security | 45 | €8,205 | €15,162 | +€6,957 | +84.8% |
| Taxes | 450/3 | €8,205 | €15,162 | +€6,957 | +84.8% |
| Other amounts payable | 47/48 | €45,000 | €40,000 | -€5,000 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,330 | €1,330 | = | 0.0% |
| Other operating charges | 640/8 | €220 | €540 | +€320 | +145.6% |
| Gross operating margin | 9900 | €83,385 | €100,669 | +€17,284 | +20.7% |
| Operating profit (loss) | 9901 | €81,835 | €98,799 | +€16,964 | +20.7% |
| Financial income | 75/76B | €27,506 | €40,438 | +€12,932 | +47.0% |
| Recurring financial income | 75 | €27,506 | €40,438 | +€12,932 | +47.0% |
| Financial charges | 65/66B | €3,522 | €5,069 | +€1,547 | +43.9% |
| Recurring financial charges | 65 | €3,522 | €5,069 | +€1,547 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €105,819 | €134,168 | +€28,349 | +26.8% |
| Income taxes | 67/77 | €28,697 | €36,418 | +€7,721 | +26.9% |
| Profit (loss) for the period | 9904 | €77,122 | €97,750 | +€20,628 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,122 | €97,750 | +€20,628 | +26.7% |
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 10 October 2026 via checked.be.