BYFA: 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.
BYFA
Largest movements
- Tangible fixed assets -€114,215
down €114,215 (-5.2%), from €2.2m to €2.1m
of which Land and buildings: -€113,230
- Receivables within one year +€39,548
new in 2025: €39,548
- Current investments -€32,555
down €32,555 (-17.3%), from €187,682 to €155,127
- Debts after one year -€116,714
down €116,714 (-11.9%), from €977,726 to €861,012
- Trade debts +€50,045
up €50,045 (+391.1%), from €12,797 to €62,841
- Reserves -€46,077
down €46,077 (-6.7%), from €692,449 to €646,372
of which Tax-exempt reserves: -€46,077
- Financial income -€42,850
down €42,850 (-76.3%), from €56,180 to €13,330
- Gross operating margin +€42,357
up €42,357 (+65.2%), from €64,932 to €107,289
- Financial charges +€23,683
up €23,683 (+150.1%), from €15,777 to €39,460
- Taxes -€9,147
down €9,147, from €4,952 to -€4,195
- Other operating charges +€5,512
up €5,512 (+25.6%), from €21,498 to €27,010
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 | €2,413,570 | €2,301,765 | -€111,805 | -4.6% |
| Fixed assets | 21/28 | €2,209,422 | €2,095,207 | -€114,215 | -5.2% |
| Tangible fixed assets | 22/27 | €2,209,422 | €2,095,207 | -€114,215 | -5.2% |
| Land and buildings | 22 | €2,207,039 | €2,093,809 | -€113,230 | -5.1% |
| Plant, machinery and equipment | 23 | €2,166 | €1,398 | -€767 | -35.4% |
| Furniture and vehicles | 24 | €217 | €0 | -€217 | -100.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €204,148 | €206,558 | +€2,409 | +1.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | - | €39,548 | +€39,548 | |
| Other amounts receivable | 41 | - | €39,548 | +€39,548 | |
| Current investments | 50/53 | €187,682 | €155,127 | -€32,555 | -17.3% |
| Cash at bank and in hand | 54/58 | €2 | €2 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €16,464 | €11,880 | -€4,584 | -27.8% |
| Total equity and liabilities | 10/49 | €2,413,570 | €2,301,765 | -€111,805 | -4.6% |
| Equity | 10/15 | €797,091 | €756,578 | -€40,513 | -5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €692,449 | €646,372 | -€46,077 | -6.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €686,214 | €640,137 | -€46,077 | -6.7% |
| Distributable reserves | 133 | €35 | €35 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,642 | €48,206 | +€5,564 | +13.0% |
| Provisions and deferred taxes | 16 | €208,367 | €193,008 | -€15,359 | -7.4% |
| Deferred taxes | 168 | €208,367 | €193,008 | -€15,359 | -7.4% |
| Amounts payable | 17/49 | €1,408,112 | €1,352,179 | -€55,934 | -4.0% |
| Amounts payable after more than one year | 17 | €977,726 | €861,012 | -€116,714 | -11.9% |
| Financial debts | 170/4 | €977,726 | €861,012 | -€116,714 | -11.9% |
| Amounts payable within one year | 42/48 | €430,386 | €478,473 | +€48,087 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €116,714 | €116,714 | = | 0.0% |
| Financial debts | 43 | €5,145 | €3,494 | -€1,651 | -32.1% |
| Credit institutions | 430/8 | €5,145 | €3,494 | -€1,651 | -32.1% |
| Trade debts | 44 | €12,797 | €62,841 | +€50,045 | +391.1% |
| Suppliers | 440/4 | €12,797 | €62,841 | +€50,045 | +391.1% |
| Taxes, remuneration and social security | 45 | €21,275 | €0 | -€21,275 | -100.0% |
| Taxes | 450/3 | €21,275 | €0 | -€21,275 | -100.0% |
| Other amounts payable | 47/48 | €274,456 | €295,423 | +€20,968 | +7.6% |
| Accrued charges and deferred income | 492/3 | €0 | €12,694 | +€12,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,844 | €114,215 | +€370 | +0.3% |
| Other operating charges | 640/8 | €21,498 | €27,010 | +€5,512 | +25.6% |
| Gross operating margin | 9900 | €64,932 | €107,289 | +€42,357 | +65.2% |
| Operating profit (loss) | 9901 | -€70,410 | -€33,935 | +€36,475 | +51.8% |
| Financial income | 75/76B | €56,180 | €13,330 | -€42,850 | -76.3% |
| Recurring financial income | 75 | €56,180 | €13,330 | -€42,850 | -76.3% |
| Financial charges | 65/66B | €15,777 | €39,460 | +€23,683 | +150.1% |
| Recurring financial charges | 65 | €15,777 | €39,460 | +€23,683 | +150.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,008 | -€60,066 | -€30,058 | -100.2% |
| Transfer from deferred taxes | 780 | €15,359 | €15,359 | = | 0.0% |
| Income taxes | 67/77 | €4,952 | -€4,195 | -€9,147 | |
| Profit (loss) for the period | 9904 | -€19,601 | -€40,513 | -€20,912 | -106.7% |
| Transfer from tax-exempt reserves | 789 | €46,077 | €46,077 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,476 | €5,564 | -€20,912 | -79.0% |
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.