BAP concept et design: 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.
BAP concept et design
Largest movements
- Cash -€10,794
down €10,794 (-71.7%), from €15,055 to €4,261
mainly Debts after one year (-€9,554) and Other debts (-€7,810)
- Receivables within one year +€6,997
up €6,997 (+58.4%), from €11,984 to €18,981
of which Trade receivables: +€6,905
- Intangible fixed assets -€4,670
down €4,670 (-15.9%), from €29,392 to €24,723
- Deferred charges and accrued income -€1,740
down €1,740 (-97.3%), from €1,789 to €49
- Debts after one year -€9,554
down €9,554 (-20.9%), from €45,750 to €36,196
- Other debts -€7,810
down €7,810 (-29.7%), from €26,339 to €18,529
- Trade debts +€4,974
up €4,974 (+67.5%), from €7,370 to €12,344
- Tax, wage and social debts +€2,946
up €2,946 (+34.9%), from €8,436 to €11,382
of which Remuneration and social security: +€1,664
- Profit (loss) carried forward -€2,475
down €2,475 (-18.1%), from -€13,677 to -€16,151
- Gross operating margin +€25,432
up €25,432 (+342%), from €7,445 to €32,877
- Staff costs +€10,851
up €10,851 (+72.8%), from €14,913 to €25,764
- Depreciation +€1,743
up €1,743 (+46.7%), from €3,735 to €5,478
- Taxes +€600
up €600 (+304%), from €197 to €798
- Other operating charges +€531
new in 2025: €531
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 | €85,839 | €74,353 | -€11,486 | -13.4% |
| Formation expenses | 20 | €811 | €618 | -€193 | -23.8% |
| Fixed assets | 21/28 | €30,966 | €25,830 | -€5,136 | -16.6% |
| Intangible fixed assets | 21 | €29,392 | €24,723 | -€4,670 | -15.9% |
| Tangible fixed assets | 22/27 | €1,573 | €957 | -€616 | -39.2% |
| Furniture and vehicles | 24 | €1,573 | €957 | -€616 | -39.2% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €54,062 | €47,905 | -€6,158 | -11.4% |
| Stocks and contracts in progress | 3 | €25,235 | €24,614 | -€621 | -2.5% |
| Stocks | 30/36 | €25,235 | €24,614 | -€621 | -2.5% |
| Amounts receivable within one year | 40/41 | €11,984 | €18,981 | +€6,997 | +58.4% |
| Trade receivables | 40 | €11,984 | €18,889 | +€6,905 | +57.6% |
| Other amounts receivable | 41 | - | €92 | +€92 | |
| Cash at bank and in hand | 54/58 | €15,055 | €4,261 | -€10,794 | -71.7% |
| Deferred charges and accrued income | 490/1 | €1,789 | €49 | -€1,740 | -97.3% |
| Total equity and liabilities | 10/49 | €85,839 | €74,353 | -€11,486 | -13.4% |
| Equity | 10/15 | -€11,177 | -€13,651 | -€2,475 | -22.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,677 | -€16,151 | -€2,475 | -18.1% |
| Amounts payable | 17/49 | €97,016 | €88,004 | -€9,011 | -9.3% |
| Amounts payable after more than one year | 17 | €45,750 | €36,196 | -€9,554 | -20.9% |
| Financial debts | 170/4 | €45,750 | €36,196 | -€9,554 | -20.9% |
| Amounts payable within one year | 42/48 | €51,266 | €51,808 | +€543 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €9,122 | €9,554 | +€433 | +4.7% |
| Trade debts | 44 | €7,370 | €12,344 | +€4,974 | +67.5% |
| Suppliers | 440/4 | €7,370 | €12,344 | +€4,974 | +67.5% |
| Taxes, remuneration and social security | 45 | €8,436 | €11,382 | +€2,946 | +34.9% |
| Taxes | 450/3 | €7,365 | €8,646 | +€1,282 | +17.4% |
| Remuneration and social security | 454/9 | €1,071 | €2,736 | +€1,664 | +155% |
| Other amounts payable | 47/48 | €26,339 | €18,529 | -€7,810 | -29.7% |
| Remuneration, social security and pensions | 62 | €14,913 | €25,764 | +€10,851 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,735 | €5,478 | +€1,743 | +46.7% |
| Other operating charges | 640/8 | - | €531 | +€531 | |
| Gross operating margin | 9900 | €7,445 | €32,877 | +€25,432 | +342% |
| Operating profit (loss) | 9901 | -€11,204 | €1,103 | +€12,306 | |
| Financial income | 75/76B | €6 | €3 | -€3 | -46.8% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -46.8% |
| Financial charges | 65/66B | €2,282 | €2,783 | +€501 | +22.0% |
| Recurring financial charges | 65 | €2,093 | €2,656 | +€563 | +26.9% |
| Non-recurring financial charges | 66B | €189 | €127 | -€62 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,479 | -€1,677 | +€11,803 | +87.6% |
| Income taxes | 67/77 | €197 | €798 | +€600 | +304% |
| Profit (loss) for the period | 9904 | -€13,677 | -€2,475 | +€11,202 | +81.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,677 | -€2,475 | +€11,202 | +81.9% |
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 21 October 2026 via checked.be.