BSF: 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.
BSF
Largest movements
- Receivables within one year -€9,247
down €9,247 (-82.0%), from €11,272 to €2,025
of which Other amounts receivable: -€8,761
- Deferred charges and accrued income -€351
down €351 (-100.0%), from €351 to €0
- Profit (loss) carried forward -€5,771
down €5,771 (-32.5%), from -€17,758 to -€23,529
- Tax, wage and social debts -€4,204
down €4,204 (-71.7%), from €5,860 to €1,655
- Short-term financial debts +€786
up €786 (+17.8%), from €4,426 to €5,212
- Trade debts -€467
down €467 (-94.1%), from €496 to €29
- Gross operating margin -€33,837
down €33,837, from €29,096 to -€4,741
- Taxes -€3,209
down €3,209 (-100.0%), from €3,209 to €0
- Other operating charges -€417
down €417 (-77.6%), from €537 to €120
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 | €11,623 | €2,025 | -€9,598 | -82.6% |
| Current assets | 29/58 | €11,623 | €2,025 | -€9,598 | -82.6% |
| Amounts receivable within one year | 40/41 | €11,272 | €2,025 | -€9,247 | -82.0% |
| Trade receivables | 40 | €2,500 | €2,014 | -€486 | -19.4% |
| Other amounts receivable | 41 | €8,772 | €11 | -€8,761 | -99.9% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €351 | €0 | -€351 | -100.0% |
| Total equity and liabilities | 10/49 | €11,623 | €2,025 | -€9,598 | -82.6% |
| Equity | 10/15 | €842 | -€4,929 | -€5,771 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,758 | -€23,529 | -€5,771 | -32.5% |
| Amounts payable | 17/49 | €10,781 | €6,954 | -€3,827 | -35.5% |
| Amounts payable within one year | 42/48 | €10,781 | €6,954 | -€3,827 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €4,426 | €5,212 | +€786 | +17.8% |
| Credit institutions | 430/8 | €4,426 | €5,212 | +€786 | +17.8% |
| Trade debts | 44 | €496 | €29 | -€467 | -94.1% |
| Suppliers | 440/4 | €496 | €29 | -€467 | -94.1% |
| Taxes, remuneration and social security | 45 | €5,860 | €1,655 | -€4,204 | -71.7% |
| Taxes | 450/3 | €5,860 | €1,655 | -€4,204 | -71.7% |
| Other amounts payable | 47/48 | €0 | €58 | +€58 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Other operating charges | 640/8 | €537 | €120 | -€417 | -77.6% |
| Gross operating margin | 9900 | €29,096 | -€4,741 | -€33,837 | |
| Operating profit (loss) | 9901 | €28,559 | -€4,861 | -€33,420 | |
| Financial income | 75/76B | €74 | €0 | -€74 | -100.0% |
| Recurring financial income | 75 | €74 | €0 | -€74 | -100.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,086 | €910 | -€176 | -16.2% |
| Recurring financial charges | 65 | €1,086 | €910 | -€176 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €27,548 | -€5,771 | -€33,318 | |
| Income taxes | 67/77 | €3,209 | €0 | -€3,209 | -100.0% |
| Profit (loss) for the period | 9904 | €24,339 | -€5,771 | -€30,110 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,339 | -€5,771 | -€30,110 |
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 9 October 2026 via checked.be.