B.P.D.N.: 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.P.D.N.
Largest movements
- Cash -€27,438
down €27,438 (-59.0%), from €46,498 to €19,060
mainly Debts after one year (-€39,122) and Receivables within one year (-€20,237)
- Intangible fixed assets -€24,000
down €24,000 (-16.0%), from €150,000 to €126,000
- Receivables within one year +€20,237
up €20,237 (+82.6%), from €24,507 to €44,744
of which Trade receivables: +€19,514
- Tangible fixed assets +€3,538
up €3,538 (+85.7%), from €4,129 to €7,667
of which Plant, machinery and equipment: +€5,757
- Debts after one year -€39,122
down €39,122 (-58.4%), from €66,995 to €27,873
- Profit (loss) carried forward +€32,058
up €32,058 (+203%), from €15,803 to €47,861
- Other debts -€12,979
down €12,979 (-40.7%), from €31,928 to €18,948
- Trade debts -€5,832
down €5,832 (-10.3%), from €56,528 to €50,697
- Gross operating margin -€20,770
down €20,770 (-15.2%), from €136,460 to €115,690
- Depreciation -€10,490
down €10,490 (-26.8%), from €39,136 to €28,646
- Other operating charges -€8,987
down €8,987 (-80.7%), from €11,141 to €2,154
- Staff costs +€4,322
up €4,322 (+10.6%), from €40,602 to €44,924
- Financial charges -€3,211
down €3,211 (-29.9%), from €10,730 to €7,519
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 | €229,895 | €201,878 | -€28,017 | -12.2% |
| Fixed assets | 21/28 | €154,129 | €133,667 | -€20,462 | -13.3% |
| Intangible fixed assets | 21 | €150,000 | €126,000 | -€24,000 | -16.0% |
| Tangible fixed assets | 22/27 | €4,129 | €7,667 | +€3,538 | +85.7% |
| Plant, machinery and equipment | 23 | €1,140 | €6,897 | +€5,757 | +505% |
| Furniture and vehicles | 24 | €2,989 | €770 | -€2,219 | -74.2% |
| Current assets | 29/58 | €75,766 | €68,211 | -€7,555 | -10.0% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,507 | €44,744 | +€20,237 | +82.6% |
| Trade receivables | 40 | €20,531 | €40,045 | +€19,514 | +95.0% |
| Other amounts receivable | 41 | €3,976 | €4,699 | +€723 | +18.2% |
| Cash at bank and in hand | 54/58 | €46,498 | €19,060 | -€27,438 | -59.0% |
| Deferred charges and accrued income | 490/1 | €762 | €408 | -€355 | -46.5% |
| Total equity and liabilities | 10/49 | €229,895 | €201,878 | -€28,017 | -12.2% |
| Equity | 10/15 | €19,803 | €51,861 | +€32,058 | +162% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,803 | €47,861 | +€32,058 | +203% |
| Amounts payable | 17/49 | €210,092 | €150,016 | -€60,076 | -28.6% |
| Amounts payable after more than one year | 17 | €66,995 | €27,873 | -€39,122 | -58.4% |
| Financial debts | 170/4 | €66,995 | €27,873 | -€39,122 | -58.4% |
| Amounts payable within one year | 42/48 | €138,108 | €118,737 | -€19,371 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €41,240 | €39,122 | -€2,119 | -5.1% |
| Trade debts | 44 | €56,528 | €50,697 | -€5,832 | -10.3% |
| Suppliers | 440/4 | €56,528 | €50,697 | -€5,832 | -10.3% |
| Taxes, remuneration and social security | 45 | €8,412 | €9,970 | +€1,559 | +18.5% |
| Taxes | 450/3 | €1,941 | €4,072 | +€2,131 | +110% |
| Remuneration and social security | 454/9 | €6,471 | €5,898 | -€573 | -8.8% |
| Other amounts payable | 47/48 | €31,928 | €18,948 | -€12,979 | -40.7% |
| Accrued charges and deferred income | 492/3 | €4,989 | €3,406 | -€1,583 | -31.7% |
| Remuneration, social security and pensions | 62 | €40,602 | €44,924 | +€4,322 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,136 | €28,646 | -€10,490 | -26.8% |
| Other operating charges | 640/8 | €11,141 | €2,154 | -€8,987 | -80.7% |
| Gross operating margin | 9900 | €136,460 | €115,690 | -€20,770 | -15.2% |
| Operating profit (loss) | 9901 | €45,581 | €39,966 | -€5,615 | -12.3% |
| Financial income | 75/76B | €4 | €67 | +€63 | +1,559% |
| Recurring financial income | 75 | €4 | €67 | +€63 | +1,559% |
| Financial charges | 65/66B | €10,730 | €7,519 | -€3,211 | -29.9% |
| Recurring financial charges | 65 | €10,730 | €7,519 | -€3,211 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €34,855 | €32,514 | -€2,341 | -6.7% |
| Income taxes | 67/77 | - | €456 | +€456 | |
| Profit (loss) for the period | 9904 | €34,855 | €32,058 | -€2,797 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,855 | €32,058 | -€2,797 | -8.0% |
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 26 October 2026 via checked.be.