BF&V: what changed
BF&V
Largest movements
- Receivables within one year +€14,599
up €14,599 (+220%), from €6,634 to €21,234
of which Other amounts receivable: +€11,641
- Tangible fixed assets +€14,404
new in 2025: €14,404
- Cash +€1,940
up €1,940 (+192%), from €1,012 to €2,952
mainly Net result for the year (+€26,245) and Tax, wage and social debts (+€10,802)
- Profit (loss) carried forward +€24,527
up €24,527, from -€5,477 to €19,050
- Tax, wage and social debts +€10,802
up €10,802 (+3,586%), from €301 to €11,103
of which Taxes: +€10,313
- Other debts -€6,155
no longer reported in 2025 (was €6,155)
- Trade debts +€2,600
up €2,600 (+141%), from €1,837 to €4,437
- Advances received -€830
no longer reported in 2025 (was €830)
- Gross operating margin +€33,256
up €33,256 (+270%), from €12,314 to €45,570
- Taxes +€9,684
new in 2025: €9,684
- Staff costs +€6,088
up €6,088 (+544%), from €1,120 to €7,208
- Depreciation +€1,596
new in 2025: €1,596
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,647 | €38,590 | +€30,944 | +405% |
| Fixed assets | 21/28 | - | €14,404 | +€14,404 | |
| Tangible fixed assets | 22/27 | - | €14,404 | +€14,404 | |
| Furniture and vehicles | 24 | - | €14,404 | +€14,404 | |
| Current assets | 29/58 | €7,647 | €24,186 | +€16,539 | +216% |
| Amounts receivable within one year | 40/41 | €6,634 | €21,234 | +€14,599 | +220% |
| Trade receivables | 40 | €5,468 | €8,427 | +€2,958 | +54.1% |
| Other amounts receivable | 41 | €1,166 | €12,807 | +€11,641 | +998% |
| Cash at bank and in hand | 54/58 | €1,012 | €2,952 | +€1,940 | +192% |
| Total equity and liabilities | 10/49 | €7,647 | €38,590 | +€30,944 | +405% |
| Equity | 10/15 | -€1,477 | €23,050 | +€24,527 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,477 | €19,050 | +€24,527 | |
| Amounts payable | 17/49 | €9,123 | €15,540 | +€6,417 | +70.3% |
| Amounts payable within one year | 42/48 | €9,123 | €15,540 | +€6,417 | +70.3% |
| Trade debts | 44 | €1,837 | €4,437 | +€2,600 | +141% |
| Suppliers | 440/4 | €1,837 | €4,437 | +€2,600 | +141% |
| Advances received on contracts in progress | 46 | €830 | - | -€830 | |
| Taxes, remuneration and social security | 45 | €301 | €11,103 | +€10,802 | +3,586% |
| Taxes | 450/3 | - | €10,313 | +€10,313 | |
| Remuneration and social security | 454/9 | €301 | €790 | +€489 | +162% |
| Other amounts payable | 47/48 | €6,155 | - | -€6,155 | |
| Remuneration, social security and pensions | 62 | €1,120 | €7,208 | +€6,088 | +544% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,596 | +€1,596 | |
| Other operating charges | 640/8 | €586 | €851 | +€265 | +45.3% |
| Gross operating margin | 9900 | €12,314 | €45,570 | +€33,256 | +270% |
| Operating profit (loss) | 9901 | €10,608 | €35,915 | +€25,307 | +239% |
| Financial income | 75/76B | €1 | €315 | +€314 | +50,690% |
| Recurring financial income | 75 | €1 | €315 | +€314 | +50,690% |
| Financial charges | 65/66B | €60 | €301 | +€242 | +406% |
| Recurring financial charges | 65 | €60 | €301 | +€242 | +406% |
| Profit (loss) for the period before taxes | 9903 | €10,549 | €35,928 | +€25,379 | +241% |
| Income taxes | 67/77 | - | €9,684 | +€9,684 | |
| Profit (loss) for the period | 9904 | €10,549 | €26,245 | +€15,696 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €10,549 | €26,245 | +€15,696 | +149% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.