BZB-FEDAFIN: 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.
BZB-FEDAFIN
Largest movements
- Current investments +€224,772
up €224,772 (+9.5%), from €2.4m to €2.6m
- Cash +€208,768
up €208,768 (+33.3%), from €626,454 to €835,222
mainly Net result for the year (+€247,706) and Debts within one year (+€163,062)
- Reserves +€247,706
up €247,706 (+9.2%), from €2.7m to €3.0m
- Debts within one year +€163,062
up €163,062 (+550%), from €29,625 to €192,687
of which Trade debts: +€158,487
- Gross operating margin +€386,942
up €386,942 (+91.0%), from €425,260 to €812,202
- Financial income -€34,498
down €34,498 (-59.5%), from €57,998 to €23,500
- Staff costs +€31,232
up €31,232 (+5.7%), from €546,447 to €577,679
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.
Derived cash bridge
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 | €3,122,632 | €3,562,934 | +€440,303 | +14.1% |
| Fixed assets | 21/28 | €7,500 | €7,500 | = | 0.0% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €3,115,132 | €3,555,434 | +€440,303 | +14.1% |
| Amounts receivable within one year | 40/41 | €61,540 | €64,530 | +€2,990 | +4.9% |
| Trade receivables | 40 | €61,540 | €64,530 | +€2,990 | +4.9% |
| Current investments | 50/53 | €2,372,450 | €2,597,222 | +€224,772 | +9.5% |
| Cash at bank and in hand | 54/58 | €626,454 | €835,222 | +€208,768 | +33.3% |
| Deferred charges and accrued income | 490/1 | €54,687 | €58,460 | +€3,773 | +6.9% |
| Total equity and liabilities | 10/49 | €3,122,632 | €3,562,934 | +€440,303 | +14.1% |
| Equity | 10/15 | €2,702,929 | €2,950,636 | +€247,706 | +9.2% |
| Reserves | 13 | €2,702,929 | €2,950,636 | +€247,706 | +9.2% |
| Amounts payable | 17/49 | €419,702 | €612,299 | +€192,596 | +45.9% |
| Amounts payable within one year | 42/48 | €29,625 | €192,687 | +€163,062 | +550% |
| Trade debts | 44 | €29,625 | €188,112 | +€158,487 | +535% |
| Suppliers | 440/4 | €29,625 | €188,112 | +€158,487 | +535% |
| Taxes, remuneration and social security | 45 | - | €2,475 | +€2,475 | |
| Remuneration and social security | 454/9 | - | €2,475 | +€2,475 | |
| Accrued charges and deferred income | 492/3 | €390,077 | €419,612 | +€29,534 | +7.6% |
| Remuneration, social security and pensions | 62 | €546,447 | €577,679 | +€31,232 | +5.7% |
| Other operating charges | 640/8 | €6,075 | €9,929 | +€3,855 | +63.5% |
| Gross operating margin | 9900 | €425,260 | €812,202 | +€386,942 | +91.0% |
| Operating profit (loss) | 9901 | -€2,262 | €224,594 | +€226,856 | |
| Financial income | 75/76B | €57,998 | €23,500 | -€34,498 | -59.5% |
| Recurring financial income | 75 | €57,998 | €23,500 | -€34,498 | -59.5% |
| Financial charges | 65/66B | €440 | €387 | -€53 | -12.0% |
| Recurring financial charges | 65 | €440 | €387 | -€53 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €55,296 | €247,706 | +€192,410 | +348% |
| Profit (loss) for the period | 9904 | €55,296 | €247,706 | +€192,410 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €55,296 | €247,706 | +€192,410 | +348% |
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 24 October 2026 via checked.be.