B-P MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€12,034
up €12,034 (+85.8%), from €14,027 to €26,061
- Receivables within one year +€9,247
up €9,247 (+15.6%), from €59,224 to €68,471
of which Other amounts receivable: +€21,616
- Cash +€5,653
up €5,653 (+304%), from €1,860 to €7,513
mainly Net result for the year (+€99,103) and Other debts (+€7,697)
- Reserves +€29,631
up €29,631 (+8.1%), from €364,087 to €393,718
- Other debts +€7,697
up €7,697 (+12.0%), from €64,359 to €72,056
- Trade debts -€5,755
down €5,755 (-66.6%), from €8,640 to €2,885
- Gross operating margin +€55,404
up €55,404 (+226%), from €24,507 to €79,911
- Financial income +€49,011
up €49,011 (+126,349%), from €39 to €49,049
- Taxes +€21,338
up €21,338 (+416%), from €5,133 to €26,471
- Financial charges -€4,181
down €4,181 (-59.5%), from €7,023 to €2,843
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 | €481,064 | €507,750 | +€26,687 | +5.5% |
| Fixed assets | 21/28 | €400,666 | €400,330 | -€336 | -0.1% |
| Tangible fixed assets | 22/27 | €336 | €0 | -€336 | -100% |
| Furniture and vehicles | 24 | €336 | €0 | -€336 | -100% |
| Financial fixed assets | 28 | €400,330 | €400,330 | = | 0.0% |
| Current assets | 29/58 | €80,398 | €107,420 | +€27,022 | +33.6% |
| Amounts receivable within one year | 40/41 | €59,224 | €68,471 | +€9,247 | +15.6% |
| Trade receivables | 40 | €12,369 | €0 | -€12,369 | -100% |
| Other amounts receivable | 41 | €46,855 | €68,471 | +€21,616 | +46.1% |
| Current investments | 50/53 | €14,027 | €26,061 | +€12,034 | +85.8% |
| Cash at bank and in hand | 54/58 | €1,860 | €7,513 | +€5,653 | +304% |
| Deferred charges and accrued income | 490/1 | €5,287 | €5,376 | +€89 | +1.7% |
| Total equity and liabilities | 10/49 | €481,064 | €507,750 | +€26,687 | +5.5% |
| Equity | 10/15 | €379,352 | €408,984 | +€29,631 | +7.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €364,087 | €393,718 | +€29,631 | +8.1% |
| Distributable reserves | 133 | €364,087 | €393,718 | +€29,631 | +8.1% |
| Profit (loss) carried forward | 14 | €7,205 | €7,205 | = | 0.0% |
| Amounts payable | 17/49 | €101,711 | €98,767 | -€2,944 | -2.9% |
| Amounts payable within one year | 42/48 | €95,198 | €96,398 | +€1,200 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €5,759 | €6,746 | +€988 | +17.2% |
| Trade debts | 44 | €8,640 | €2,885 | -€5,755 | -66.6% |
| Suppliers | 440/4 | €8,640 | €2,885 | -€5,755 | -66.6% |
| Taxes, remuneration and social security | 45 | €16,441 | €14,711 | -€1,730 | -10.5% |
| Taxes | 450/3 | €9,762 | €14,711 | +€4,949 | +50.7% |
| Remuneration and social security | 454/9 | €6,679 | €0 | -€6,679 | -100% |
| Other amounts payable | 47/48 | €64,359 | €72,056 | +€7,697 | +12.0% |
| Accrued charges and deferred income | 492/3 | €6,513 | €2,369 | -€4,144 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €870 | €336 | -€535 | -61.5% |
| Other operating charges | 640/8 | €171 | €208 | +€37 | +21.5% |
| Gross operating margin | 9900 | €24,507 | €79,911 | +€55,404 | +226% |
| Operating profit (loss) | 9901 | €23,466 | €79,367 | +€55,902 | +238% |
| Financial income | 75/76B | €39 | €49,049 | +€49,011 | +126,349% |
| Recurring financial income | 75 | €39 | €49,049 | +€49,011 | +126,349% |
| Financial charges | 65/66B | €7,023 | €2,843 | -€4,181 | -59.5% |
| Recurring financial charges | 65 | €7,023 | €2,843 | -€4,181 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €16,481 | €125,574 | +€109,093 | +662% |
| Income taxes | 67/77 | €5,133 | €26,471 | +€21,338 | +416% |
| Profit (loss) for the period | 9904 | €11,348 | €99,103 | +€87,755 | +773% |
| Profit (loss) for the period to be appropriated | 9905 | €11,348 | €99,103 | +€87,755 | +773% |
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 30 October 2026 via checked.be.