B.O.P.: 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.
B.O.P.
Largest movements
- Tangible fixed assets -€18,786
down €18,786 (-33.5%), from €56,155 to €37,369
of which Furniture and vehicles: -€13,851
- Receivables within one year -€10,199
down €10,199 (-69.8%), from €14,608 to €4,409
of which Other amounts receivable: -€8,475
- Cash -€5,179
down €5,179 (-8.3%), from €62,118 to €56,939
mainly Net result for the year (-€21,816) and Debts after one year (-€14,421)
- Stocks and contracts -€4,976
down €4,976 (-6.5%), from €76,948 to €71,972
- Profit (loss) carried forward -€21,816
down €21,816 (-53.9%), from €40,455 to €18,638
- Debts after one year -€14,421
down €14,421 (-33.1%), from €43,607 to €29,185
- Tax, wage and social debts -€5,850
down €5,850 (-24.6%), from €23,806 to €17,956
of which Remuneration and social security: -€4,493
- Trade debts +€2,597
up €2,597 (+18.9%), from €13,751 to €16,347
- Gross operating margin -€23,669
down €23,669 (-25.5%), from €92,716 to €69,047
- Staff costs +€2,149
up €2,149 (+3.3%), from €64,472 to €66,621
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 | €210,030 | €171,016 | -€39,014 | -18.6% |
| Fixed assets | 21/28 | €56,155 | €37,369 | -€18,786 | -33.5% |
| Tangible fixed assets | 22/27 | €56,155 | €37,369 | -€18,786 | -33.5% |
| Land and buildings | 22 | €3,791 | €3,491 | -€300 | -7.9% |
| Plant, machinery and equipment | 23 | €14,648 | €10,014 | -€4,635 | -31.6% |
| Furniture and vehicles | 24 | €37,715 | €23,864 | -€13,851 | -36.7% |
| Current assets | 29/58 | €153,875 | €133,647 | -€20,228 | -13.1% |
| Stocks and contracts in progress | 3 | €76,948 | €71,972 | -€4,976 | -6.5% |
| Stocks | 30/36 | €76,948 | €71,972 | -€4,976 | -6.5% |
| Amounts receivable within one year | 40/41 | €14,608 | €4,409 | -€10,199 | -69.8% |
| Trade receivables | 40 | €4,714 | €2,990 | -€1,724 | -36.6% |
| Other amounts receivable | 41 | €9,893 | €1,419 | -€8,475 | -85.7% |
| Cash at bank and in hand | 54/58 | €62,118 | €56,939 | -€5,179 | -8.3% |
| Deferred charges and accrued income | 490/1 | €202 | €327 | +€125 | +62.1% |
| Total equity and liabilities | 10/49 | €210,030 | €171,016 | -€39,014 | -18.6% |
| Equity | 10/15 | €114,886 | €93,070 | -€21,816 | -19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,832 | €55,832 | = | 0.0% |
| Distributable reserves | 133 | €55,832 | €55,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,455 | €18,638 | -€21,816 | -53.9% |
| Amounts payable | 17/49 | €95,144 | €77,946 | -€17,198 | -18.1% |
| Amounts payable after more than one year | 17 | €43,607 | €29,185 | -€14,421 | -33.1% |
| Financial debts | 170/4 | €43,607 | €29,185 | -€14,421 | -33.1% |
| Amounts payable within one year | 42/48 | €51,511 | €48,725 | -€2,787 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €13,955 | €14,421 | +€466 | +3.3% |
| Trade debts | 44 | €13,751 | €16,347 | +€2,597 | +18.9% |
| Suppliers | 440/4 | €13,751 | €16,347 | +€2,597 | +18.9% |
| Taxes, remuneration and social security | 45 | €23,806 | €17,956 | -€5,850 | -24.6% |
| Taxes | 450/3 | €9,593 | €8,236 | -€1,357 | -14.1% |
| Remuneration and social security | 454/9 | €14,212 | €9,720 | -€4,493 | -31.6% |
| Accrued charges and deferred income | 492/3 | €26 | €37 | +€11 | +40.7% |
| Non-recurring operating income | 76A | €3,281 | - | -€3,281 | |
| Remuneration, social security and pensions | 62 | €64,472 | €66,621 | +€2,149 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,017 | €21,126 | +€109 | +0.5% |
| Other operating charges | 640/8 | €1,853 | €1,385 | -€468 | -25.2% |
| Gross operating margin | 9900 | €92,716 | €69,047 | -€23,669 | -25.5% |
| Operating profit (loss) | 9901 | €5,373 | -€20,086 | -€25,459 | |
| Financial income | 75/76B | €483 | €1,263 | +€780 | +162% |
| Recurring financial income | 75 | €483 | €1,263 | +€780 | +162% |
| Financial charges | 65/66B | €2,845 | €2,820 | -€25 | -0.9% |
| Recurring financial charges | 65 | €2,845 | €2,820 | -€25 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €3,011 | -€21,643 | -€24,654 | |
| Income taxes | 67/77 | €427 | €173 | -€254 | -59.4% |
| Profit (loss) for the period | 9904 | €2,584 | -€21,816 | -€24,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,584 | -€21,816 | -€24,400 |
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.