B.P.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.N.
Largest movements
- Cash +€113,417
up €113,417 (+141%), from €80,604 to €194,021
mainly Other debts (+€143,100) and Net result for the year (+€128,851)
- Tangible fixed assets +€30,437
up €30,437 (+4.3%), from €716,015 to €746,452
of which Furniture and vehicles: +€37,265
- Other debts +€143,100
up €143,100 (+256%), from €55,985 to €199,085
- Debts after one year -€45,188
down €45,188 (-9.0%), from €500,120 to €454,932
- Short-term financial debts +€34,723
up €34,723 (+184%), from €18,878 to €53,600
- Reserves -€21,150
down €21,150 (-5.9%), from €356,400 to €335,250
of which Distributable reserves: -€21,150
- Tax, wage and social debts +€17,133
up €17,133 (+60.5%), from €28,323 to €45,456
of which Taxes: +€18,087
- Taxes +€8,094
up €8,094 (+27.1%), from €29,898 to €37,992
- Depreciation +€7,391
up €7,391 (+14.9%), from €49,609 to €57,001
- Staff costs -€4,997
down €4,997 (-2.0%), from €246,155 to €241,158
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 | €1,059,864 | €1,195,742 | +€135,878 | +12.8% |
| Fixed assets | 21/28 | €716,724 | €747,161 | +€30,437 | +4.2% |
| Tangible fixed assets | 22/27 | €716,015 | €746,452 | +€30,437 | +4.3% |
| Land and buildings | 22 | €685,499 | €650,966 | -€34,533 | -5.0% |
| Plant, machinery and equipment | 23 | €23,787 | €51,493 | +€27,705 | +116% |
| Furniture and vehicles | 24 | €6,729 | €43,994 | +€37,265 | +554% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €709 | €709 | = | 0.0% |
| Current assets | 29/58 | €343,140 | €448,581 | +€105,441 | +30.7% |
| Amounts receivable within one year | 40/41 | €249,661 | €242,124 | -€7,537 | -3.0% |
| Trade receivables | 40 | €221,276 | €213,838 | -€7,438 | -3.4% |
| Other amounts receivable | 41 | €28,385 | €28,286 | -€99 | -0.3% |
| Cash at bank and in hand | 54/58 | €80,604 | €194,021 | +€113,417 | +141% |
| Deferred charges and accrued income | 490/1 | €12,876 | €12,437 | -€439 | -3.4% |
| Total equity and liabilities | 10/49 | €1,059,864 | €1,195,742 | +€135,878 | +12.8% |
| Equity | 10/15 | €390,081 | €368,932 | -€21,149 | -5.4% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Reserves | 13 | €356,400 | €335,250 | -€21,150 | -5.9% |
| Tax-exempt reserves | 132 | €7,146 | €7,146 | = | 0.0% |
| Distributable reserves | 133 | €349,254 | €328,104 | -€21,150 | -6.1% |
| Profit (loss) carried forward | 14 | €81 | €82 | +€1 | +1.3% |
| Amounts payable | 17/49 | €669,783 | €826,811 | +€157,027 | +23.4% |
| Amounts payable after more than one year | 17 | €500,120 | €454,932 | -€45,188 | -9.0% |
| Financial debts | 170/4 | €500,120 | €454,932 | -€45,188 | -9.0% |
| Amounts payable within one year | 42/48 | €169,663 | €371,871 | +€202,209 | +119% |
| Current portion of amounts payable after more than one year | 42 | €45,753 | €45,188 | -€564 | -1.2% |
| Financial debts | 43 | €18,878 | €53,600 | +€34,723 | +184% |
| Credit institutions | 430/8 | €18,878 | €53,600 | +€34,723 | +184% |
| Trade debts | 44 | €20,724 | €28,542 | +€7,818 | +37.7% |
| Suppliers | 440/4 | €20,724 | €28,542 | +€7,818 | +37.7% |
| Taxes, remuneration and social security | 45 | €28,323 | €45,456 | +€17,133 | +60.5% |
| Taxes | 450/3 | €3,300 | €21,387 | +€18,087 | +548% |
| Remuneration and social security | 454/9 | €25,022 | €24,068 | -€954 | -3.8% |
| Other amounts payable | 47/48 | €55,985 | €199,085 | +€143,100 | +256% |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Non-recurring operating income | 76A | €17,771 | €6,774 | -€10,998 | -61.9% |
| Remuneration, social security and pensions | 62 | €246,155 | €241,158 | -€4,997 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,609 | €57,001 | +€7,391 | +14.9% |
| Other operating charges | 640/8 | €15,176 | €15,496 | +€320 | +2.1% |
| Non-recurring operating charges | 66A | €3,000 | €0 | -€3,000 | -100% |
| Gross operating margin | 9900 | €495,608 | €491,423 | -€4,186 | -0.8% |
| Operating profit (loss) | 9901 | €181,669 | €177,769 | -€3,900 | -2.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,800 | €10,926 | -€875 | -7.4% |
| Recurring financial charges | 65 | €11,800 | €10,926 | -€875 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €169,868 | €166,843 | -€3,025 | -1.8% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €29,898 | €37,992 | +€8,094 | +27.1% |
| Profit (loss) for the period | 9904 | €139,970 | €128,851 | -€11,119 | -7.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €139,970 | €128,851 | -€11,119 | -7.9% |
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.