BAPU: 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.
BAPU
Largest movements
- Receivables within one year +€28,781
up €28,781 (+31.1%), from €92,590 to €121,371
of which Other amounts receivable: +€45,819
- Cash -€2,919
down €2,919 (-86.5%), from €3,377 to €457
mainly Receivables within one year (-€28,781) and Advances received (-€20,563)
- Accrued charges and deferred income +€29,582
up €29,582 (+7071.4%), from €418 to €30,000
- Advances received -€20,563
down €20,563 (-44.7%), from €45,973 to €25,410
- Reserves +€16,467
up €16,467 (+34.4%), from €47,849 to €64,316
of which Distributable reserves: +€16,467
- Trade debts -€14,759
down €14,759 (-75.4%), from €19,575 to €4,816
- Tax, wage and social debts +€10,925
up €10,925 (+49.2%), from €22,221 to €33,146
- Gross operating margin -€41,017
down €41,017 (-63.5%), from €64,547 to €23,530
- Taxes -€12,810
down €12,810 (-57.6%), from €22,221 to €9,411
- Financial income +€3,061
up €3,061 (+82.8%), from €3,696 to €6,757
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 | €191,456 | €215,821 | +€24,364 | +12.7% |
| Fixed assets | 21/28 | €2,990 | €1,378 | -€1,612 | -53.9% |
| Tangible fixed assets | 22/27 | €2,990 | €1,378 | -€1,612 | -53.9% |
| Furniture and vehicles | 24 | €2,990 | €1,378 | -€1,612 | -53.9% |
| Current assets | 29/58 | €188,467 | €214,442 | +€25,976 | +13.8% |
| Amounts receivable after more than one year | 29 | €92,500 | €92,500 | = | 0.0% |
| Other amounts receivable | 291 | €92,500 | €92,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,590 | €121,371 | +€28,781 | +31.1% |
| Trade receivables | 40 | €43,538 | €26,500 | -€17,038 | -39.1% |
| Other amounts receivable | 41 | €49,052 | €94,871 | +€45,819 | +93.4% |
| Cash at bank and in hand | 54/58 | €3,377 | €457 | -€2,919 | -86.5% |
| Deferred charges and accrued income | 490/1 | - | €114 | +€114 | |
| Total equity and liabilities | 10/49 | €191,456 | €215,821 | +€24,364 | +12.7% |
| Equity | 10/15 | €91,878 | €108,346 | +€16,467 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,849 | €64,316 | +€16,467 | +34.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €41,989 | €58,456 | +€16,467 | +39.2% |
| Profit (loss) carried forward | 14 | €25,430 | €25,430 | = | 0.0% |
| Amounts payable | 17/49 | €99,578 | €107,475 | +€7,897 | +7.9% |
| Amounts payable after more than one year | 17 | €7,324 | €9,708 | +€2,384 | +32.5% |
| Financial debts | 170/4 | €7,324 | €9,708 | +€2,384 | +32.5% |
| Amounts payable within one year | 42/48 | €91,836 | €67,767 | -€24,069 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €4,066 | €4,395 | +€329 | +8.1% |
| Trade debts | 44 | €19,575 | €4,816 | -€14,759 | -75.4% |
| Suppliers | 440/4 | €19,575 | €4,816 | -€14,759 | -75.4% |
| Advances received on contracts in progress | 46 | €45,973 | €25,410 | -€20,563 | -44.7% |
| Taxes, remuneration and social security | 45 | €22,221 | €33,146 | +€10,925 | +49.2% |
| Taxes | 450/3 | €22,221 | €33,146 | +€10,925 | +49.2% |
| Accrued charges and deferred income | 492/3 | €418 | €30,000 | +€29,582 | +7071.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,435 | €1,612 | +€176 | +12.3% |
| Other operating charges | 640/8 | €844 | €772 | -€72 | -8.5% |
| Gross operating margin | 9900 | €64,547 | €23,530 | -€41,017 | -63.5% |
| Operating profit (loss) | 9901 | €62,267 | €21,147 | -€41,121 | -66.0% |
| Financial income | 75/76B | €3,696 | €6,757 | +€3,061 | +82.8% |
| Recurring financial income | 75 | €3,696 | €6,757 | +€3,061 | +82.8% |
| Financial charges | 65/66B | €1,753 | €2,025 | +€272 | +15.5% |
| Recurring financial charges | 65 | €1,753 | €2,025 | +€272 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €64,210 | €25,878 | -€38,332 | -59.7% |
| Income taxes | 67/77 | €22,221 | €9,411 | -€12,810 | -57.6% |
| Profit (loss) for the period | 9904 | €41,989 | €16,467 | -€25,521 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,989 | €16,467 | -€25,521 | -60.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.