BSF SERVICES: 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 SERVICES
Largest movements
- Cash +€189,445
up €189,445 (+215.2%), from €88,026 to €277,471
mainly Net result for the year (+€192,601) and Current portion of long-term debt (+€77,536)
- Receivables within one year -€56,422
down €56,422 (-26.8%), from €210,735 to €154,313
of which Trade receivables: -€76,868
- Tangible fixed assets -€26,779
down €26,779 (-9.8%), from €274,519 to €247,739
of which Furniture and vehicles: -€34,507
- Profit (loss) carried forward +€192,601
up €192,601 (+225.4%), from €85,449 to €278,050
- Trade debts -€155,880
down €155,880 (-54.2%), from €287,547 to €131,666
- Current portion of long-term debt +€77,536
up €77,536 (+298.1%), from €26,009 to €103,545
- Debts after one year +€47,632
up €47,632 (+92.2%), from €51,651 to €99,284
- Tax, wage and social debts -€34,129
down €34,129 (-47.5%), from €71,836 to €37,707
- Gross operating margin +€121,844
up €121,844 (+63.3%), from €192,521 to €314,365
- Taxes +€17,763
up €17,763 (+40.6%), from €43,767 to €61,530
- Financial charges +€4,885
up €4,885 (+123.5%), from €3,955 to €8,840
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 | €583,592 | €689,835 | +€106,243 | +18.2% |
| Fixed assets | 21/28 | €284,831 | €258,051 | -€26,779 | -9.4% |
| Tangible fixed assets | 22/27 | €274,519 | €247,739 | -€26,779 | -9.8% |
| Plant, machinery and equipment | 23 | €31,345 | €40,289 | +€8,944 | +28.5% |
| Furniture and vehicles | 24 | €238,311 | €203,804 | -€34,507 | -14.5% |
| Other tangible fixed assets | 26 | €4,863 | €3,647 | -€1,216 | -25.0% |
| Financial fixed assets | 28 | €10,312 | €10,312 | = | 0.0% |
| Current assets | 29/58 | €298,761 | €431,784 | +€133,023 | +44.5% |
| Amounts receivable within one year | 40/41 | €210,735 | €154,313 | -€56,422 | -26.8% |
| Trade receivables | 40 | €205,735 | €128,867 | -€76,868 | -37.4% |
| Other amounts receivable | 41 | €5,000 | €25,446 | +€20,446 | +408.9% |
| Cash at bank and in hand | 54/58 | €88,026 | €277,471 | +€189,445 | +215.2% |
| Total equity and liabilities | 10/49 | €583,592 | €689,835 | +€106,243 | +18.2% |
| Equity | 10/15 | €87,449 | €280,050 | +€192,601 | +220.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,449 | €278,050 | +€192,601 | +225.4% |
| Amounts payable | 17/49 | €496,143 | €409,785 | -€86,358 | -17.4% |
| Amounts payable after more than one year | 17 | €51,651 | €99,284 | +€47,632 | +92.2% |
| Financial debts | 170/4 | €51,651 | €99,284 | +€47,632 | +92.2% |
| Amounts payable within one year | 42/48 | €444,492 | €310,502 | -€133,990 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €26,009 | €103,545 | +€77,536 | +298.1% |
| Trade debts | 44 | €287,547 | €131,666 | -€155,880 | -54.2% |
| Suppliers | 440/4 | €287,547 | €131,666 | -€155,880 | -54.2% |
| Advances received on contracts in progress | 46 | €37,583 | €37,583 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €71,836 | €37,707 | -€34,129 | -47.5% |
| Taxes | 450/3 | €71,836 | €37,707 | -€34,129 | -47.5% |
| Other amounts payable | 47/48 | €21,516 | - | -€21,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,321 | €47,499 | +€2,178 | +4.8% |
| Other operating charges | 640/8 | €3,706 | €3,896 | +€190 | +5.1% |
| Gross operating margin | 9900 | €192,521 | €314,365 | +€121,844 | +63.3% |
| Operating profit (loss) | 9901 | €143,494 | €262,970 | +€119,476 | +83.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,955 | €8,840 | +€4,885 | +123.5% |
| Recurring financial charges | 65 | €3,955 | €8,840 | +€4,885 | +123.5% |
| Profit (loss) for the period before taxes | 9903 | €139,539 | €254,131 | +€114,592 | +82.1% |
| Income taxes | 67/77 | €43,767 | €61,530 | +€17,763 | +40.6% |
| Profit (loss) for the period | 9904 | €95,772 | €192,601 | +€96,829 | +101.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,772 | €192,601 | +€96,829 | +101.1% |
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.