BAPC: what changed
Two fiscal 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.
BAPC
Largest movements
- Cash +€187,142
up €187,142 (+451.1%), from €41,485 to €228,627
mainly Other debts (+€157,437) and Net result for the year (+€156,505)
- Receivables within one year -€25,014
down €25,014 (-81.1%), from €30,835 to €5,821
of which Trade receivables: -€27,697
- Other debts +€157,437
up €157,437 (+6142.8%), from €2,563 to €160,000
- Tax, wage and social debts +€11,607
up €11,607 (+80.7%), from €14,380 to €25,987
- Profit (loss) carried forward -€3,495
down €3,495 (-6.7%), from €51,803 to €48,309
- Trade debts -€2,622
down €2,622 (-63.6%), from €4,124 to €1,503
- Gross operating margin +€134,417
up €134,417 (+191.7%), from €70,131 to €204,548
- Taxes +€32,657
up €32,657 (+226.5%), from €14,419 to €47,076
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 | €73,470 | €236,398 | +€162,928 | +221.8% |
| Fixed assets | 21/28 | - | €733 | +€733 | |
| Tangible fixed assets | 22/27 | - | €733 | +€733 | |
| Plant, machinery and equipment | 23 | - | €733 | +€733 | |
| Current assets | 29/58 | €73,470 | €235,665 | +€162,194 | +220.8% |
| Amounts receivable within one year | 40/41 | €30,835 | €5,821 | -€25,014 | -81.1% |
| Trade receivables | 40 | €29,638 | €1,940 | -€27,697 | -93.5% |
| Other amounts receivable | 41 | €1,198 | €3,880 | +€2,683 | +224.0% |
| Cash at bank and in hand | 54/58 | €41,485 | €228,627 | +€187,142 | +451.1% |
| Deferred charges and accrued income | 490/1 | €1,150 | €1,217 | +€67 | +5.8% |
| Total equity and liabilities | 10/49 | €73,470 | €236,398 | +€162,928 | +221.8% |
| Equity | 10/15 | €52,403 | €48,909 | -€3,495 | -6.7% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,803 | €48,309 | -€3,495 | -6.7% |
| Amounts payable | 17/49 | €21,067 | €187,489 | +€166,422 | +790.0% |
| Amounts payable within one year | 42/48 | €21,067 | €187,489 | +€166,422 | +790.0% |
| Trade debts | 44 | €4,124 | €1,503 | -€2,622 | -63.6% |
| Suppliers | 440/4 | €4,124 | €1,503 | -€2,622 | -63.6% |
| Taxes, remuneration and social security | 45 | €14,380 | €25,987 | +€11,607 | +80.7% |
| Taxes | 450/3 | €14,380 | €25,987 | +€11,607 | +80.7% |
| Other amounts payable | 47/48 | €2,563 | €160,000 | +€157,437 | +6142.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €33 | +€33 | |
| Other operating charges | 640/8 | €522 | €400 | -€123 | -23.5% |
| Gross operating margin | 9900 | €70,131 | €204,548 | +€134,417 | +191.7% |
| Operating profit (loss) | 9901 | €69,609 | €204,115 | +€134,506 | +193.2% |
| Financial income | 75/76B | €132 | €1,859 | +€1,727 | +1305.0% |
| Recurring financial income | 75 | €132 | €1,859 | +€1,727 | +1305.0% |
| Financial charges | 65/66B | €1,210 | €2,392 | +€1,182 | +97.6% |
| Recurring financial charges | 65 | €1,210 | €2,392 | +€1,182 | +97.6% |
| Profit (loss) for the period before taxes | 9903 | €68,530 | €203,581 | +€135,051 | +197.1% |
| Income taxes | 67/77 | €14,419 | €47,076 | +€32,657 | +226.5% |
| Profit (loss) for the period | 9904 | €54,111 | €156,505 | +€102,394 | +189.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,111 | €156,505 | +€102,394 | +189.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.