BAPIP: 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.
BAPIP
Largest movements
- Tangible fixed assets -€5,522
down €5,522 (-4.4%), from €124,995 to €119,473
- Cash +€5,060
up €5,060 (+24.7%), from €20,506 to €25,566
mainly Depreciation (+€6,756) and Net result for the year (+€2,347)
- Reserves +€2,347
up €2,347 (+4.6%), from €51,471 to €53,819
- Gross operating margin -€2,432
down €2,432 (-16.5%), from €14,745 to €12,314
- Depreciation -€1,956
down €1,956 (-22.5%), from €8,712 to €6,756
- Financial charges +€514
up €514 (+723.9%), from €71 to €585
- Taxes +€470
up €470 (+150.2%), from €313 to €782
- Other operating charges -€332
down €332 (-15.3%), from €2,175 to €1,843
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 | €147,835 | €147,872 | +€37 | 0.0% |
| Fixed assets | 21/28 | €124,995 | €119,473 | -€5,522 | -4.4% |
| Tangible fixed assets | 22/27 | €124,995 | €119,473 | -€5,522 | -4.4% |
| Land and buildings | 22 | €117,154 | €114,458 | -€2,697 | -2.3% |
| Plant, machinery and equipment | 23 | €3,820 | €2,913 | -€907 | -23.7% |
| Other tangible fixed assets | 26 | €4,021 | €2,102 | -€1,919 | -47.7% |
| Current assets | 29/58 | €22,840 | €28,399 | +€5,559 | +24.3% |
| Amounts receivable within one year | 40/41 | €1,687 | €2,155 | +€468 | +27.7% |
| Other amounts receivable | 41 | €1,687 | €2,155 | +€468 | +27.7% |
| Cash at bank and in hand | 54/58 | €20,506 | €25,566 | +€5,060 | +24.7% |
| Deferred charges and accrued income | 490/1 | €647 | €678 | +€32 | +4.9% |
| Total equity and liabilities | 10/49 | €147,835 | €147,872 | +€37 | 0.0% |
| Equity | 10/15 | €112,971 | €115,319 | +€2,347 | +2.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Outside capital | 11 | - | €61,500 | +€61,500 | |
| Other | 1109/19 | - | €61,500 | +€61,500 | |
| Reserves | 13 | €51,471 | €53,819 | +€2,347 | +4.6% |
| Distributable reserves | 133 | €51,471 | €53,819 | +€2,347 | +4.6% |
| Amounts payable | 17/49 | €34,864 | €32,553 | -€2,311 | -6.6% |
| Amounts payable within one year | 42/48 | €34,864 | €32,553 | -€2,311 | -6.6% |
| Trade debts | 44 | €1,302 | €21 | -€1,281 | -98.4% |
| Suppliers | 440/4 | €1,302 | €21 | -€1,281 | -98.4% |
| Other amounts payable | 47/48 | €33,562 | €32,532 | -€1,030 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,712 | €6,756 | -€1,956 | -22.5% |
| Other operating charges | 640/8 | €2,175 | €1,843 | -€332 | -15.3% |
| Gross operating margin | 9900 | €14,745 | €12,314 | -€2,432 | -16.5% |
| Operating profit (loss) | 9901 | €3,858 | €3,715 | -€143 | -3.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €71 | €585 | +€514 | +723.9% |
| Recurring financial charges | 65 | €71 | €585 | +€514 | +723.9% |
| Profit (loss) for the period before taxes | 9903 | €3,792 | €3,130 | -€662 | -17.5% |
| Income taxes | 67/77 | €313 | €782 | +€470 | +150.2% |
| Profit (loss) for the period | 9904 | €3,479 | €2,347 | -€1,132 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,479 | €2,347 | -€1,132 | -32.5% |
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 1 October 2026 via checked.be.