Banqup: 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.
What changed
Banqup
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9.1m
2024 · -€5.7m-€3.3m
Equity
€25.9m
2024 · -+€25.9m
Cash
€76.1m
2024 · €76.0m+€57,869
Balance sheet total
€108.6m
2024 · €110.3m-€1.7m
Largest movements
Assets
- Receivables within one year -€3.8m
down €3.8m (-18.1%), from €21.0m to €17.2m
of which Other amounts receivable: -€5.2m
- Intangible fixed assets +€1.9m
up €1.9m (+15.0%), from €12.4m to €14.2m
Equity and liabilities
- Contributions -€15.0m
down €15.0m (-26.6%), from €56.4m to €41.4m
- Profit (loss) carried forward +€10.9m
up €10.9m (+41.5%), from -€26.4m to -€15.4m
- Trade debts +€2.4m
up €2.4m (+57.7%), from €4.2m to €6.7m
Income statement
- Write-downs +€2.2m
up €2.2m (+36342.7%), from €5,981 to €2.2m
- Financial income +€2.1m
new in 2025: €2.1m
- Other operating charges +€2.0m
up €2.0m (+32.3%), from €6.3m to €8.4m
- Turnover +€1.2m
up €1.2m (+118.6%), from €971,209 to €2.1m
- Depreciation +€751,201
up €751,201 (+26.5%), from €2.8m to €3.6m
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.
Result 2024
-€5.7m
Turnover
+€1.2m
Other operating income
+€156,786
Goods and materials
-€201,116
Services and other goods
-€344,571
Staff costs
-€64,703
Depreciation
-€751,201
Write-downs
-€2.2m
Other operating charges
-€2.0m
Other operating items
+€734,727
Financial income
+€2.1m
Financial charges
-€152,555
Other financial items
-€1.7m
Taxes
-€75,366
Result 2025
-€9.1m
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.
From operations
+€480,038
Investment
-€5.4m
Financing
+€5.0m
Cash 2024
€76.0m
From operations (derived)
+€480,038
Net result for the year
-€9.1m
Depreciation
+€3.6m
Receivables after one year
-€124,477
Receivables within one year
+€3.8m
Deferred charges and accrued income
-€59,590
Trade debts
+€2.4m
Tax, wage and social debts
+€140,564
Other debts
-€250,491
Investment (derived)
-€5.4m
Investment in fixed assets (net)
-€5.4m
Financing
+€5.0m
Short-term financial debts
-€3,015
Contributions, distributions and other
+€5.0m
Not broken down
+€1
Cash 2025
€76.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,317,046 | €108,588,870 | -€1.7m | -1.6% |
| Fixed assets | 21/28 | €12,521,431 | €14,358,958 | +€1.8m | +14.7% |
| Intangible fixed assets | 21 | €12,377,897 | €14,235,425 | +€1.9m | +15.0% |
| Financial fixed assets | 28 | €143,534 | €123,533 | -€20,001 | -13.9% |
| Affiliated companies | 280/1 | €1 | - | -€1 | |
| Participating interests | 280 | €1 | - | -€1 | |
| Other financial fixed assets | 284/8 | €143,533 | €123,533 | -€20,000 | -13.9% |
| Amounts receivable and cash guarantees | 285/8 | €143,533 | €123,533 | -€20,000 | -13.9% |
| Current assets | 29/58 | €97,795,615 | €94,229,913 | -€3.6m | -3.6% |
| Amounts receivable after more than one year | 29 | €689,673 | €814,150 | +€124,477 | +18.0% |
| Other amounts receivable | 291 | €689,673 | €814,150 | +€124,477 | +18.0% |
| Amounts receivable within one year | 40/41 | €21,049,349 | €17,241,710 | -€3.8m | -18.1% |
| Trade receivables | 40 | €2,197,131 | €3,543,685 | +€1.3m | +61.3% |
| Other amounts receivable | 41 | €18,852,219 | €13,698,025 | -€5.2m | -27.3% |
| Cash at bank and in hand | 54/58 | €75,997,463 | €76,055,332 | +€57,869 | +0.1% |
| Deferred charges and accrued income | 490/1 | €59,130 | €118,720 | +€59,590 | +100.8% |
| Total equity and liabilities | 10/49 | €110,317,046 | €108,588,870 | -€1.7m | -1.6% |
| Equity | 10/15 | - | €25,925,679 | +€25.9m | |
| Contributions | 10/11 | €56,355,665 | €41,355,665 | -€15.0m | -26.6% |
| Capital | 10 | €56,355,665 | €41,355,665 | -€15.0m | -26.6% |
| Issued capital | 100 | €61,355,665 | €41,355,665 | -€20.0m | -32.6% |
| Profit (loss) carried forward | 14 | -€26,371,608 | -€15,429,986 | +€10.9m | +41.5% |
| Amounts payable | 17/49 | €80,332,989 | €82,663,192 | +€2.3m | +2.9% |
| Amounts payable within one year | 42/48 | €80,332,989 | €82,663,192 | +€2.3m | +2.9% |
| Financial debts | 43 | €54,213 | €51,198 | -€3,015 | -5.6% |
| Credit institutions | 430/8 | €54,213 | €51,198 | -€3,015 | -5.6% |
| Trade debts | 44 | €4,237,680 | €6,680,824 | +€2.4m | +57.7% |
| Suppliers | 440/4 | €4,237,680 | €6,680,824 | +€2.4m | +57.7% |
| Taxes, remuneration and social security | 45 | €266,926 | €407,490 | +€140,564 | +52.7% |
| Taxes | 450/3 | €43,392 | €143,720 | +€100,328 | +231.2% |
| Remuneration and social security | 454/9 | €223,534 | €263,770 | +€40,236 | +18.0% |
| Other amounts payable | 47/48 | €75,774,171 | €75,523,680 | -€250,491 | -0.3% |
| Operating income | 70/76A | €6,220,280 | €8,263,608 | +€2.0m | +32.8% |
| Turnover | 70 | €971,209 | €2,123,023 | +€1.2m | +118.6% |
| Own construction capitalised | 72 | €3,924,539 | €4,659,267 | +€734,728 | +18.7% |
| Other operating income | 74 | €1,324,532 | €1,481,318 | +€156,786 | +11.8% |
| Operating charges | 60/66A | €13,608,953 | €19,187,133 | +€5.6m | +41.0% |
| Goods for resale, raw materials and consumables | 60 | €1,122,074 | €1,323,190 | +€201,116 | +17.9% |
| Purchases | 600/8 | - | €1,323,190 | +€1.3m | |
| Services and other goods | 61 | €2,649,829 | €2,994,400 | +€344,571 | +13.0% |
| Remuneration, social security and pensions | 62 | €673,827 | €738,530 | +€64,703 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,830,427 | €3,581,628 | +€751,201 | +26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,981 | €2,179,636 | +€2.2m | +36342.7% |
| Other operating charges | 640/8 | €6,326,816 | €8,369,749 | +€2.0m | +32.3% |
| Operating profit (loss) | 9901 | -€7,388,673 | -€10,923,525 | -€3.5m | -47.8% |
| Financial income | 75/76B | - | €2,087,263 | +€2.1m | |
| Recurring financial income | 75 | €1,652,215 | €2,087,263 | +€435,048 | +26.3% |
| Income from financial fixed assets | 750 | €722,664 | €1,295,498 | +€572,834 | +79.3% |
| Income from current assets | 751 | €922,068 | €785,613 | -€136,455 | -14.8% |
| Other financial income | 752/9 | €7,482 | €6,152 | -€1,330 | -17.8% |
| Financial charges | 65/66B | €239,192 | €391,747 | +€152,555 | +63.8% |
| Recurring financial charges | 65 | €239,192 | €391,746 | +€152,554 | +63.8% |
| Debt charges | 650 | €156,472 | €296,624 | +€140,152 | +89.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €25 | - | -€25 | |
| Other financial charges | 652/9 | €82,695 | €95,122 | +€12,427 | +15.0% |
| Non-recurring financial charges | 66B | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | -€5,975,650 | -€9,228,010 | -€3.3m | -54.4% |
| Income taxes | 67/77 | -€244,997 | -€169,631 | +€75,366 | +30.8% |
| Taxes | 670/3 | €3,838 | €7,399 | +€3,561 | +92.8% |
| Tax adjustments and reversals of tax provisions | 77 | €248,835 | €177,030 | -€71,805 | -28.9% |
| Profit (loss) for the period | 9904 | -€5,730,653 | -€9,058,378 | -€3.3m | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,730,653 | -€9,058,378 | -€3.3m | -58.1% |
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 11 October 2026 via checked.be.