ASSURANCES BAPEC: 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.
ASSURANCES BAPEC
Largest movements
- Intangible fixed assets -€222,682
no longer reported in 2025 (was €222,682)
- Receivables within one year +€91,807
new in 2025: €91,807
- Deferred charges and accrued income -€18,603
no longer reported in 2025 (was €18,603)
- Profit (loss) carried forward +€203,597
up €203,597 (+99.3%), from -€204,975 to -€1,377
- Provisions -€175,825
no longer reported in 2025 (was €175,825)
- Other debts -€138,240
no longer reported in 2025 (was €138,240)
- Short-term financial debts -€25,390
no longer reported in 2025 (was €25,390)
- Tax, wage and social debts -€12,353
down €12,353 (-97.6%), from €12,659 to €305
of which Remuneration and social security: -€11,039
- Gross operating margin +€224,748
up €224,748 (+266%), from €84,522 to €309,270
- Staff costs -€75,317
down €75,317 (-82.0%), from €91,906 to €16,588
- Taxes +€72,281
up €72,281 (+22,210%), from €325 to €72,606
- Depreciation -€20,349
down €20,349 (-62.2%), from €32,699 to €12,350
- Financial charges -€8,554
down €8,554 (-70.3%), from €12,161 to €3,607
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 | €256,504 | €107,183 | -€149,322 | -58.2% |
| Fixed assets | 21/28 | €223,618 | €1,104 | -€222,514 | -99.5% |
| Intangible fixed assets | 21 | €222,682 | - | -€222,682 | |
| Tangible fixed assets | 22/27 | €936 | €1,104 | +€168 | +18.0% |
| Plant, machinery and equipment | 23 | €936 | €1,104 | +€168 | +18.0% |
| Current assets | 29/58 | €32,886 | €106,078 | +€73,192 | +223% |
| Amounts receivable within one year | 40/41 | - | €91,807 | +€91,807 | |
| Other amounts receivable | 41 | - | €91,807 | +€91,807 | |
| Current investments | 50/53 | €14,271 | €14,271 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12 | €1 | -€12 | -96.0% |
| Deferred charges and accrued income | 490/1 | €18,603 | - | -€18,603 | |
| Total equity and liabilities | 10/49 | €256,504 | €107,183 | -€149,322 | -58.2% |
| Equity | 10/15 | -€98,603 | €104,994 | +€203,597 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,771 | €87,771 | = | 0.0% |
| Distributable reserves | 133 | €87,771 | €87,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,975 | -€1,377 | +€203,597 | +99.3% |
| Provisions and deferred taxes | 16 | €175,825 | - | -€175,825 | |
| Provisions for liabilities and charges | 160/5 | €175,825 | - | -€175,825 | |
| Environmental obligations | 163 | €175,825 | - | -€175,825 | |
| Amounts payable | 17/49 | €179,283 | €2,188 | -€177,094 | -98.8% |
| Amounts payable within one year | 42/48 | €179,283 | €305 | -€178,978 | -99.8% |
| Financial debts | 43 | €25,390 | - | -€25,390 | |
| Credit institutions | 430/8 | €25,390 | - | -€25,390 | |
| Trade debts | 44 | €2,994 | - | -€2,994 | |
| Suppliers | 440/4 | €2,994 | - | -€2,994 | |
| Taxes, remuneration and social security | 45 | €12,659 | €305 | -€12,353 | -97.6% |
| Taxes | 450/3 | €1,620 | €305 | -€1,315 | -81.2% |
| Remuneration and social security | 454/9 | €11,039 | - | -€11,039 | |
| Other amounts payable | 47/48 | €138,240 | - | -€138,240 | |
| Accrued charges and deferred income | 492/3 | - | €1,883 | +€1,883 | |
| Remuneration, social security and pensions | 62 | €91,906 | €16,588 | -€75,317 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,699 | €12,350 | -€20,349 | -62.2% |
| Other operating charges | 640/8 | €362 | €621 | +€259 | +71.7% |
| Gross operating margin | 9900 | €84,522 | €309,270 | +€224,748 | +266% |
| Operating profit (loss) | 9901 | -€40,445 | €279,711 | +€320,155 | |
| Financial income | 75/76B | €3 | €100 | +€97 | +3,240% |
| Recurring financial income | 75 | €3 | €100 | +€97 | +3,240% |
| Financial charges | 65/66B | €12,161 | €3,607 | -€8,554 | -70.3% |
| Recurring financial charges | 65 | €12,161 | €3,607 | -€8,554 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | -€52,603 | €276,204 | +€328,807 | |
| Income taxes | 67/77 | €325 | €72,606 | +€72,281 | +22,210% |
| Profit (loss) for the period | 9904 | -€52,928 | €203,597 | +€256,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,928 | €203,597 | +€256,526 |
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 18 October 2026 via checked.be.