B.S.P.: 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.S.P.
Largest movements
- Tangible fixed assets -€12,557
down €12,557 (-6.1%), from €206,031 to €193,473
of which Land and buildings: -€13,542
- Receivables within one year +€2,688
up €2,688 (+37.1%), from €7,248 to €9,936
of which Trade receivables: +€1,516
- Debts after one year -€9,263
down €9,263 (-16.0%), from €57,787 to €48,524
- Profit (loss) carried forward -€3,816
down €3,816 (-20.2%), from -€18,908 to -€22,724
- Gross operating margin +€1,509
up €1,509 (+14.3%), from €10,553 to €12,062
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.
Cash bridge derived
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 | €217,376 | €205,860 | -€11,516 | -5.3% |
| Fixed assets | 21/28 | €206,031 | €193,473 | -€12,557 | -6.1% |
| Tangible fixed assets | 22/27 | €206,031 | €193,473 | -€12,557 | -6.1% |
| Land and buildings | 22 | €203,271 | €189,728 | -€13,542 | -6.7% |
| Plant, machinery and equipment | 23 | €2,760 | €3,745 | +€985 | +35.7% |
| Current assets | 29/58 | €11,345 | €12,387 | +€1,041 | +9.2% |
| Amounts receivable within one year | 40/41 | €7,248 | €9,936 | +€2,688 | +37.1% |
| Trade receivables | 40 | €313 | €1,829 | +€1,516 | +484.0% |
| Other amounts receivable | 41 | €6,934 | €8,107 | +€1,172 | +16.9% |
| Cash at bank and in hand | 54/58 | €4,098 | €2,451 | -€1,647 | -40.2% |
| Total equity and liabilities | 10/49 | €217,376 | €205,860 | -€11,516 | -5.3% |
| Equity | 10/15 | €157,704 | €153,888 | -€3,816 | -2.4% |
| Contributions | 10/11 | €6,199 | €6,199 | = | 0.0% |
| Reserves | 13 | €170,413 | €170,413 | = | 0.0% |
| Distributable reserves | 133 | €170,413 | €170,413 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,908 | -€22,724 | -€3,816 | -20.2% |
| Amounts payable | 17/49 | €59,672 | €51,972 | -€7,701 | -12.9% |
| Amounts payable after more than one year | 17 | €57,787 | €48,524 | -€9,263 | -16.0% |
| Financial debts | 170/4 | €57,787 | €48,524 | -€9,263 | -16.0% |
| Amounts payable within one year | 42/48 | €1,886 | €3,448 | +€1,562 | +82.8% |
| Trade debts | 44 | €1,286 | €1,839 | +€553 | +43.0% |
| Suppliers | 440/4 | €1,286 | €1,839 | +€553 | +43.0% |
| Other amounts payable | 47/48 | €600 | €1,610 | +€1,009 | +168.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,055 | €14,069 | +€14 | +0.1% |
| Other operating charges | 640/8 | €1,703 | €1,756 | +€53 | +3.1% |
| Gross operating margin | 9900 | €10,553 | €12,062 | +€1,509 | +14.3% |
| Operating profit (loss) | 9901 | -€5,206 | -€3,763 | +€1,442 | +27.7% |
| Financial charges | 65/66B | €69 | €52 | -€17 | -24.2% |
| Recurring financial charges | 65 | €69 | €52 | -€17 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,275 | -€3,816 | +€1,459 | +27.7% |
| Profit (loss) for the period | 9904 | -€5,275 | -€3,816 | +€1,459 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,275 | -€3,816 | +€1,459 | +27.7% |
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 12 October 2026 via checked.be.