BSF CONSTRUCTION: 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.
BSF CONSTRUCTION
Largest movements
- Receivables within one year +€53,771
up €53,771 (+82.3%), from €65,364 to €119,135
of which Other amounts receivable: +€52,080
- Tangible fixed assets -€17,690
down €17,690 (-7.1%), from €249,468 to €231,778
of which Furniture and vehicles: -€12,230
- Cash -€12,601
down €12,601 (-99.0%), from €12,725 to €124
- Accrued charges and deferred income +€32,500
new in 2024: €32,500
- Debts after one year -€28,342
down €28,342 (-12.7%), from €223,866 to €195,524
- Profit (loss) carried forward +€23,732
up €23,732 (+141.0%), from €16,836 to €40,568
- Trade debts -€8,478
down €8,478 (-90.0%), from €9,415 to €937
- Tax, wage and social debts +€4,693
up €4,693 (+94.4%), from €4,970 to €9,663
of which Taxes: +€3,178
- Gross operating margin -€46,188
down €46,188 (-38.9%), from €118,662 to €72,474
- Staff costs -€25,247
down €25,247 (-45.3%), from €55,702 to €30,455
- Financial charges -€24,677
down €24,677 (-78.8%), from €31,317 to €6,640
of which Non-recurring financial charges: -€22,889
- Other operating charges -€6,119
down €6,119 (-57.8%), from €10,582 to €4,463
- Depreciation +€3,162
up €3,162 (+25.2%), from €12,551 to €15,713
From the 2023 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,557 | €352,129 | +€24,572 | +7.5% |
| Fixed assets | 21/28 | €249,468 | €231,778 | -€17,690 | -7.1% |
| Tangible fixed assets | 22/27 | €249,468 | €231,778 | -€17,690 | -7.1% |
| Land and buildings | 22 | €211,108 | €201,107 | -€10,001 | -4.7% |
| Plant, machinery and equipment | 23 | €3,063 | €7,605 | +€4,542 | +148.3% |
| Furniture and vehicles | 24 | €35,297 | €23,067 | -€12,230 | -34.6% |
| Current assets | 29/58 | €78,089 | €120,351 | +€42,262 | +54.1% |
| Amounts receivable within one year | 40/41 | €65,364 | €119,135 | +€53,771 | +82.3% |
| Trade receivables | 40 | €7,780 | €9,471 | +€1,692 | +21.7% |
| Other amounts receivable | 41 | €57,585 | €109,664 | +€52,080 | +90.4% |
| Cash at bank and in hand | 54/58 | €12,725 | €124 | -€12,601 | -99.0% |
| Deferred charges and accrued income | 490/1 | - | €1,092 | +€1,092 | |
| Total equity and liabilities | 10/49 | €327,557 | €352,129 | +€24,572 | +7.5% |
| Equity | 10/15 | €65,156 | €88,888 | +€23,732 | +36.4% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €42,120 | €40,260 | -€1,860 | -4.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €40,260 | €40,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,836 | €40,568 | +€23,732 | +141.0% |
| Amounts payable | 17/49 | €262,400 | €263,241 | +€840 | +0.3% |
| Amounts payable after more than one year | 17 | €223,866 | €195,524 | -€28,342 | -12.7% |
| Financial debts | 170/4 | €223,866 | €195,524 | -€28,342 | -12.7% |
| Amounts payable within one year | 42/48 | €38,534 | €35,216 | -€3,318 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €23,150 | €23,617 | +€467 | +2.0% |
| Trade debts | 44 | €9,415 | €937 | -€8,478 | -90.0% |
| Suppliers | 440/4 | €9,415 | €937 | -€8,478 | -90.0% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,970 | €9,663 | +€4,693 | +94.4% |
| Taxes | 450/3 | - | €3,178 | +€3,178 | |
| Remuneration and social security | 454/9 | €4,970 | €6,485 | +€1,515 | +30.5% |
| Accrued charges and deferred income | 492/3 | - | €32,500 | +€32,500 | |
| Remuneration, social security and pensions | 62 | €55,702 | €30,455 | -€25,247 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,551 | €15,713 | +€3,162 | +25.2% |
| Other operating charges | 640/8 | €10,582 | €4,463 | -€6,119 | -57.8% |
| Gross operating margin | 9900 | €118,662 | €72,474 | -€46,188 | -38.9% |
| Operating profit (loss) | 9901 | €39,827 | €21,843 | -€17,984 | -45.2% |
| Financial income | 75/76B | €2,452 | €4,663 | +€2,211 | +90.2% |
| Recurring financial income | 75 | €2,452 | €4,663 | +€2,211 | +90.2% |
| Financial charges | 65/66B | €31,317 | €6,640 | -€24,677 | -78.8% |
| Recurring financial charges | 65 | €8,428 | €6,640 | -€1,788 | -21.2% |
| Non-recurring financial charges | 66B | €22,889 | - | -€22,889 | |
| Profit (loss) for the period before taxes | 9903 | €10,962 | €19,866 | +€8,904 | +81.2% |
| Income taxes | 67/77 | €3,439 | €5,992 | +€2,553 | +74.2% |
| Profit (loss) for the period | 9904 | €7,523 | €13,874 | +€6,351 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,523 | €13,874 | +€6,351 | +84.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.