B.P.R.: 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.R.
Largest movements
- Cash -€25,222
down €25,222 (-46.7%), from €53,981 to €28,760
mainly Other debts (-€14,580) and Tax, wage and social debts (-€5,983)
- Tangible fixed assets -€5,345
down €5,345 (-47.8%), from €11,173 to €5,828
of which Plant, machinery and equipment: -€4,920
- Receivables within one year +€5,205
up €5,205 (+34.8%), from €14,956 to €20,161
of which Trade receivables: +€6,058
- Deferred charges and accrued income -€1,745
down €1,745 (-61.6%), from €2,834 to €1,090
- Other debts -€14,580
down €14,580 (-45.9%), from €31,768 to €17,187
- Tax, wage and social debts -€5,983
down €5,983 (-40.7%), from €14,698 to €8,715
of which Taxes: -€4,286
- Reserves -€5,692
down €5,692 (-10.3%), from €55,457 to €49,765
- Gross operating margin -€13,996
down €13,996 (-29.1%), from €48,067 to €34,071
- Staff costs -€2,972
down €2,972 (-8.2%), from €36,195 to €33,223
- Taxes -€1,555
down €1,555 (-100%), from €1,555 to €0
- Financial charges +€670
up €670 (+53.2%), from €1,260 to €1,931
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 | €116,512 | €89,649 | -€26,863 | -23.1% |
| Fixed assets | 21/28 | €14,173 | €8,828 | -€5,345 | -37.7% |
| Tangible fixed assets | 22/27 | €11,173 | €5,828 | -€5,345 | -47.8% |
| Plant, machinery and equipment | 23 | €9,822 | €4,902 | -€4,920 | -50.1% |
| Furniture and vehicles | 24 | €1,351 | €926 | -€425 | -31.5% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €102,339 | €80,821 | -€21,518 | -21.0% |
| Stocks and contracts in progress | 3 | €30,567 | €30,811 | +€244 | +0.8% |
| Stocks | 30/36 | €30,567 | €30,811 | +€244 | +0.8% |
| Amounts receivable within one year | 40/41 | €14,956 | €20,161 | +€5,205 | +34.8% |
| Trade receivables | 40 | €13,838 | €19,897 | +€6,058 | +43.8% |
| Other amounts receivable | 41 | €1,118 | €264 | -€854 | -76.4% |
| Cash at bank and in hand | 54/58 | €53,981 | €28,760 | -€25,222 | -46.7% |
| Deferred charges and accrued income | 490/1 | €2,834 | €1,090 | -€1,745 | -61.6% |
| Total equity and liabilities | 10/49 | €116,512 | €89,649 | -€26,863 | -23.1% |
| Equity | 10/15 | €61,657 | €55,965 | -€5,692 | -9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,457 | €49,765 | -€5,692 | -10.3% |
| Distributable reserves | 133 | €55,457 | €49,765 | -€5,692 | -10.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €54,855 | €33,685 | -€21,171 | -38.6% |
| Amounts payable within one year | 42/48 | €52,445 | €31,952 | -€20,494 | -39.1% |
| Trade debts | 44 | €5,980 | €6,049 | +€69 | +1.2% |
| Suppliers | 440/4 | €5,980 | €6,049 | +€69 | +1.2% |
| Taxes, remuneration and social security | 45 | €14,698 | €8,715 | -€5,983 | -40.7% |
| Taxes | 450/3 | €6,804 | €2,518 | -€4,286 | -63.0% |
| Remuneration and social security | 454/9 | €7,894 | €6,197 | -€1,696 | -21.5% |
| Other amounts payable | 47/48 | €31,768 | €17,187 | -€14,580 | -45.9% |
| Accrued charges and deferred income | 492/3 | €2,410 | €1,733 | -€677 | -28.1% |
| Non-recurring operating income | 76A | - | €1,125 | +€1,125 | |
| Remuneration, social security and pensions | 62 | €36,195 | €33,223 | -€2,972 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,961 | €3,528 | -€433 | -10.9% |
| Other operating charges | 640/8 | €803 | €1,176 | +€373 | +46.5% |
| Gross operating margin | 9900 | €48,067 | €34,071 | -€13,996 | -29.1% |
| Operating profit (loss) | 9901 | €7,108 | -€3,857 | -€10,965 | |
| Financial income | 75/76B | €276 | €95 | -€180 | -65.5% |
| Recurring financial income | 75 | €276 | €95 | -€180 | -65.5% |
| Financial charges | 65/66B | €1,260 | €1,931 | +€670 | +53.2% |
| Recurring financial charges | 65 | €1,260 | €1,931 | +€670 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €6,124 | -€5,692 | -€11,816 | |
| Income taxes | 67/77 | €1,555 | €0 | -€1,555 | -100% |
| Profit (loss) for the period | 9904 | €4,569 | -€5,692 | -€10,261 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,569 | -€5,692 | -€10,261 |
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 28 October 2026 via checked.be.