B.O.P.A.: 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.A.
Largest movements
- Tangible fixed assets -€26,968
down €26,968 (-2.7%), from €1.0m to €979,451
- Short-term financial debts -€60,000
down €60,000 (-37.0%), from €162,000 to €102,000
- Reserves +€30,000
up €30,000 (+10.5%), from €285,000 to €315,000
- Gross operating margin +€13,550
up €13,550 (+12.4%), from €109,299 to €122,849
- Taxes -€4,023
down €4,023 (-32.1%), from €12,552 to €8,529
- Other operating charges +€3,818
up €3,818 (+12.6%), from €30,373 to €34,191
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 | €1,058,259 | €1,034,971 | -€23,288 | -2.2% |
| Fixed assets | 21/28 | €1,006,419 | €979,451 | -€26,968 | -2.7% |
| Tangible fixed assets | 22/27 | €1,006,419 | €979,451 | -€26,968 | -2.7% |
| Land and buildings | 22 | €1,006,419 | €979,451 | -€26,968 | -2.7% |
| Current assets | 29/58 | €51,839 | €55,520 | +€3,681 | +7.1% |
| Amounts receivable after more than one year | 29 | €150 | - | -€150 | |
| Trade receivables | 290 | €150 | - | -€150 | |
| Cash at bank and in hand | 54/58 | €51,689 | €55,520 | +€3,831 | +7.4% |
| Total equity and liabilities | 10/49 | €1,058,259 | €1,034,971 | -€23,288 | -2.2% |
| Equity | 10/15 | €890,411 | €927,172 | +€36,761 | +4.1% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €285,000 | €315,000 | +€30,000 | +10.5% |
| Distributable reserves | 133 | €285,000 | €315,000 | +€30,000 | +10.5% |
| Profit (loss) carried forward | 14 | €255,411 | €262,172 | +€6,761 | +2.6% |
| Amounts payable | 17/49 | €167,848 | €107,799 | -€60,049 | -35.8% |
| Amounts payable within one year | 42/48 | €167,848 | €107,799 | -€60,049 | -35.8% |
| Financial debts | 43 | €162,000 | €102,000 | -€60,000 | -37.0% |
| Other loans | 439 | €162,000 | €102,000 | -€60,000 | -37.0% |
| Trade debts | 44 | €5,848 | €5,799 | -€49 | -0.8% |
| Suppliers | 440/4 | €5,848 | €5,799 | -€49 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,968 | €26,968 | = | 0.0% |
| Other operating charges | 640/8 | €30,373 | €34,191 | +€3,818 | +12.6% |
| Gross operating margin | 9900 | €109,299 | €122,849 | +€13,550 | +12.4% |
| Operating profit (loss) | 9901 | €51,957 | €61,690 | +€9,732 | +18.7% |
| Financial income | 75/76B | €210 | €201 | -€10 | -4.5% |
| Recurring financial income | 75 | €210 | €201 | -€10 | -4.5% |
| Financial charges | 65/66B | €17,014 | €16,600 | -€414 | -2.4% |
| Recurring financial charges | 65 | €17,014 | €16,600 | -€414 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €35,154 | €45,290 | +€10,136 | +28.8% |
| Income taxes | 67/77 | €12,552 | €8,529 | -€4,023 | -32.1% |
| Profit (loss) for the period | 9904 | €22,602 | €36,761 | +€14,159 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,602 | €36,761 | +€14,159 | +62.6% |
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 16 October 2026 via checked.be.