BKF Next: 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.
BKF Next
Largest movements
- Tangible fixed assets +€792,914
up €792,914 (+85.4%), from €928,329 to €1.7m
of which Land and buildings: +€763,364
- Cash -€276,184
down €276,184 (-52.5%), from €526,348 to €250,164
mainly Investment in fixed assets (net) (-€1.0m) and Tax, wage and social debts (-€96,171)
- Receivables within one year -€98,280
down €98,280 (-5.5%), from €1.8m to €1.7m
of which Other amounts receivable: -€99,886
- Debts after one year +€412,500
up €412,500, from €0 to €412,500
- Tax, wage and social debts -€96,171
down €96,171 (-88.2%), from €109,047 to €12,877
of which Taxes: -€87,819
- Reserves +€44,638
up €44,638 (+1.6%), from €2.8m to €2.9m
of which Distributable reserves: +€51,666
- Turnover -€405,100
no longer reported in 2025 (was €405,100)
- Purchases and services -€169,207
no longer reported in 2025 (was €169,207)
- Depreciation +€125,291
up €125,291 (+101.0%), from €124,012 to €249,304
- Taxes -€64,750
down €64,750 (-76.3%), from €84,864 to €20,115
- Gross operating margin -€38,157
down €38,157 (-11.6%), from €329,107 to €290,950
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 | €3,311,964 | €3,731,798 | +€419,834 | +12.7% |
| Fixed assets | 21/28 | €991,079 | €1,783,994 | +€792,914 | +80.0% |
| Tangible fixed assets | 22/27 | €928,329 | €1,721,243 | +€792,914 | +85.4% |
| Land and buildings | 22 | €899,909 | €1,663,273 | +€763,364 | +84.8% |
| Furniture and vehicles | 24 | €28,420 | €51,580 | +€23,160 | +81.5% |
| Other tangible fixed assets | 26 | - | €6,391 | +€6,391 | |
| Financial fixed assets | 28 | €62,751 | €62,751 | = | 0.0% |
| Current assets | 29/58 | €2,320,885 | €1,947,804 | -€373,081 | -16.1% |
| Amounts receivable within one year | 40/41 | €1,789,286 | €1,691,007 | -€98,280 | -5.5% |
| Trade receivables | 40 | €24,286 | €25,892 | +€1,606 | +6.6% |
| Other amounts receivable | 41 | €1,765,000 | €1,665,115 | -€99,886 | -5.7% |
| Cash at bank and in hand | 54/58 | €526,348 | €250,164 | -€276,184 | -52.5% |
| Deferred charges and accrued income | 490/1 | €5,250 | €6,634 | +€1,383 | +26.3% |
| Total equity and liabilities | 10/49 | €3,311,964 | €3,731,798 | +€419,834 | +12.7% |
| Equity | 10/15 | €2,997,089 | €3,041,727 | +€44,638 | +1.5% |
| Contributions | 10/11 | €148,000 | €148,000 | = | 0.0% |
| Reserves | 13 | €2,849,089 | €2,893,727 | +€44,638 | +1.6% |
| Tax-exempt reserves | 132 | €19,569 | €12,541 | -€7,028 | -35.9% |
| Distributable reserves | 133 | €2,829,520 | €2,881,186 | +€51,666 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €7,523 | €5,180 | -€2,343 | -31.1% |
| Deferred taxes | 168 | €7,523 | €5,180 | -€2,343 | -31.1% |
| Amounts payable | 17/49 | €307,353 | €684,891 | +€377,538 | +122.8% |
| Amounts payable after more than one year | 17 | €0 | €412,500 | +€412,500 | |
| Financial debts | 170/4 | €0 | €412,500 | +€412,500 | |
| Amounts payable within one year | 42/48 | €301,412 | €255,509 | -€45,903 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €18,140 | €50,000 | +€31,860 | +175.6% |
| Trade debts | 44 | €2,370 | €23,729 | +€21,360 | +901.3% |
| Suppliers | 440/4 | €2,370 | €23,729 | +€21,360 | +901.3% |
| Taxes, remuneration and social security | 45 | €109,047 | €12,877 | -€96,171 | -88.2% |
| Taxes | 450/3 | €93,040 | €5,221 | -€87,819 | -94.4% |
| Remuneration and social security | 454/9 | €16,007 | €7,655 | -€8,351 | -52.2% |
| Other amounts payable | 47/48 | €171,855 | €168,903 | -€2,952 | -1.7% |
| Accrued charges and deferred income | 492/3 | €5,941 | €16,881 | +€10,941 | +184.2% |
| Turnover | 70 | €405,100 | - | -€405,100 | |
| Goods, raw materials, services and sundry goods | 60/61 | €169,207 | - | -€169,207 | |
| Remuneration, social security and pensions | 62 | €63,551 | €65,582 | +€2,030 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,012 | €249,304 | +€125,291 | +101.0% |
| Other operating charges | 640/8 | €17,376 | €19,638 | +€2,262 | +13.0% |
| Gross operating margin | 9900 | €329,107 | €290,950 | -€38,157 | -11.6% |
| Operating profit (loss) | 9901 | €124,167 | -€43,573 | -€167,740 | |
| Financial income | 75/76B | €152,233 | €131,196 | -€21,037 | -13.8% |
| Recurring financial income | 75 | €152,233 | €131,196 | -€21,037 | -13.8% |
| Financial charges | 65/66B | €12,743 | €25,213 | +€12,469 | +97.9% |
| Recurring financial charges | 65 | €12,743 | €25,213 | +€12,469 | +97.9% |
| Profit (loss) for the period before taxes | 9903 | €263,657 | €62,410 | -€201,247 | -76.3% |
| Transfer from deferred taxes | 780 | €2,343 | €2,343 | = | 0.0% |
| Income taxes | 67/77 | €84,864 | €20,115 | -€64,750 | -76.3% |
| Profit (loss) for the period | 9904 | €181,135 | €44,638 | -€136,497 | -75.4% |
| Transfer from tax-exempt reserves | 789 | €7,028 | €7,028 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €188,163 | €51,666 | -€136,497 | -72.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.