BEFRA: 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.
BEFRA
Largest movements
- Receivables within one year +€51,986
up €51,986 (+255%), from €20,417 to €72,403
of which Other amounts receivable: +€45,964
- Cash -€47,328
down €47,328 (-61.3%), from €77,234 to €29,906
mainly Receivables within one year (-€51,986) and Tax, wage and social debts (-€198)
- Trade debts +€4,276
up €4,276 (+118%), from €3,610 to €7,886
- Gross operating margin -€737
down €737 (-71.3%), from €1,034 to €296
- Taxes -€198
down €198 (-83.1%), from €238 to €40
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 | €308,278 | €312,464 | +€4,186 | +1.4% |
| Fixed assets | 21/28 | €210,000 | €210,000 | = | 0.0% |
| Financial fixed assets | 28 | €210,000 | €210,000 | = | 0.0% |
| Current assets | 29/58 | €98,278 | €102,464 | +€4,186 | +4.3% |
| Amounts receivable within one year | 40/41 | €20,417 | €72,403 | +€51,986 | +255% |
| Trade receivables | 40 | €6,098 | €12,120 | +€6,022 | +98.8% |
| Other amounts receivable | 41 | €14,319 | €60,283 | +€45,964 | +321% |
| Cash at bank and in hand | 54/58 | €77,234 | €29,906 | -€47,328 | -61.3% |
| Deferred charges and accrued income | 490/1 | €627 | €155 | -€473 | -75.3% |
| Total equity and liabilities | 10/49 | €308,278 | €312,464 | +€4,186 | +1.4% |
| Equity | 10/15 | €304,248 | €304,356 | +€108 | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €285,656 | €285,764 | +€108 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €283,797 | €283,905 | +€108 | 0.0% |
| Amounts payable | 17/49 | €4,030 | €8,108 | +€4,078 | +101% |
| Amounts payable within one year | 42/48 | €4,030 | €8,108 | +€4,078 | +101% |
| Trade debts | 44 | €3,610 | €7,886 | +€4,276 | +118% |
| Suppliers | 440/4 | €3,610 | €7,886 | +€4,276 | +118% |
| Taxes, remuneration and social security | 45 | €238 | €40 | -€198 | -83.1% |
| Taxes | 450/3 | €238 | €40 | -€198 | -83.1% |
| Other amounts payable | 47/48 | €182 | €182 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €1,034 | €296 | -€737 | -71.3% |
| Operating profit (loss) | 9901 | €916 | €176 | -€739 | -80.7% |
| Financial charges | 65/66B | €24 | €29 | +€5 | +18.8% |
| Recurring financial charges | 65 | €24 | €29 | +€5 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €892 | €148 | -€744 | -83.4% |
| Income taxes | 67/77 | €238 | €40 | -€198 | -83.1% |
| Profit (loss) for the period | 9904 | €654 | €108 | -€546 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €654 | €108 | -€546 | -83.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.