BIPA: 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.
BIPA
Largest movements
- Intangible fixed assets -€309,705
down €309,705 (-17.0%), from €1.8m to €1.5m
- Cash +€252,091
new in 2025: €252,091
mainly Debts after one year (+€5.0m) and Trade debts (+€1.2m)
- Stocks and contracts +€50,641
up €50,641 (+618.7%), from €8,185 to €58,825
- Financial fixed assets +€34,911
up €34,911 (+12.2%), from €285,279 to €320,191
- Debts after one year +€5.0m
up €5.0m (+70.5%), from €7.1m to €12.2m
- Profit (loss) carried forward -€4.0m
down €4.0m (-37.8%), from -€10.5m to -€14.4m
- Short-term financial debts -€3.0m
no longer reported in 2025 (was €3.0m)
- Trade debts +€1.2m
up €1.2m (+73.3%), from €1.7m to €2.9m
- Accrued charges and deferred income +€767,782
up €767,782 (+148.7%), from €516,349 to €1.3m
- Financial charges +€411,200
up €411,200 (+55.2%), from €745,460 to €1.2m
- Depreciation +€202,081
up €202,081 (+70.0%), from €288,621 to €490,702
- Gross operating margin -€151,759
down €151,759 (-8.3%), from -€1.8m to -€2.0m
- Write-downs -€85,555
down €85,555, from €47,950 to -€37,605
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 | €2,130,816 | €2,159,813 | +€28,998 | +1.4% |
| Fixed assets | 21/28 | €2,103,974 | €1,827,820 | -€276,154 | -13.1% |
| Intangible fixed assets | 21 | €1,816,480 | €1,506,775 | -€309,705 | -17.0% |
| Tangible fixed assets | 22/27 | €2,215 | €855 | -€1,360 | -61.4% |
| Plant, machinery and equipment | 23 | €2,215 | €855 | -€1,360 | -61.4% |
| Financial fixed assets | 28 | €285,279 | €320,191 | +€34,911 | +12.2% |
| Current assets | 29/58 | €26,842 | €331,993 | +€305,151 | +1136.8% |
| Stocks and contracts in progress | 3 | €8,185 | €58,825 | +€50,641 | +618.7% |
| Stocks | 30/36 | €8,185 | €58,825 | +€50,641 | +618.7% |
| Amounts receivable within one year | 40/41 | €15,565 | €21,077 | +€5,512 | +35.4% |
| Trade receivables | 40 | - | €3,934 | +€3,934 | |
| Other amounts receivable | 41 | €15,565 | €17,143 | +€1,578 | +10.1% |
| Cash at bank and in hand | 54/58 | - | €252,091 | +€252,091 | |
| Deferred charges and accrued income | 490/1 | €3,092 | - | -€3,092 | |
| Total equity and liabilities | 10/49 | €2,130,816 | €2,159,813 | +€28,998 | +1.4% |
| Equity | 10/15 | -€10,384,848 | -€14,336,772 | -€4.0m | -38.1% |
| Contributions | 10/11 | €62,221 | €62,221 | = | 0.0% |
| Capital | 10 | €62,221 | €62,221 | = | 0.0% |
| Issued capital | 100 | €62,221 | €62,221 | = | 0.0% |
| Reserves | 13 | €6,222 | €6,222 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,222 | €6,222 | = | 0.0% |
| Legal reserve | 130 | €6,222 | €6,222 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,453,291 | -€14,405,216 | -€4.0m | -37.8% |
| Amounts payable | 17/49 | €12,515,663 | €16,496,586 | +€4.0m | +31.8% |
| Amounts payable after more than one year | 17 | €7,125,980 | €12,150,980 | +€5.0m | +70.5% |
| Financial debts | 170/4 | €7,125,980 | €12,150,980 | +€5.0m | +70.5% |
| Amounts payable within one year | 42/48 | €4,873,334 | €3,061,474 | -€1.8m | -37.2% |
| Financial debts | 43 | €3,010,195 | - | -€3.0m | |
| Credit institutions | 430/8 | €3,010,195 | - | -€3.0m | |
| Trade debts | 44 | €1,693,215 | €2,933,688 | +€1.2m | +73.3% |
| Suppliers | 440/4 | €1,693,215 | €2,933,688 | +€1.2m | +73.3% |
| Taxes, remuneration and social security | 45 | €41,134 | €48,996 | +€7,862 | +19.1% |
| Taxes | 450/3 | €1,248 | €141 | -€1,107 | -88.7% |
| Remuneration and social security | 454/9 | €39,886 | €48,855 | +€8,969 | +22.5% |
| Other amounts payable | 47/48 | €128,790 | €78,790 | -€50,000 | -38.8% |
| Accrued charges and deferred income | 492/3 | €516,349 | €1,284,131 | +€767,782 | +148.7% |
| Remuneration, social security and pensions | 62 | €339,788 | €354,363 | +€14,575 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288,621 | €490,702 | +€202,081 | +70.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,950 | -€37,605 | -€85,555 | |
| Other operating charges | 640/8 | €7,074 | €16,127 | +€9,053 | +128.0% |
| Non-recurring operating charges | 66A | €30,252 | - | -€30,252 | |
| Gross operating margin | 9900 | -€1,824,003 | -€1,975,761 | -€151,759 | -8.3% |
| Operating profit (loss) | 9901 | -€2,537,688 | -€2,799,349 | -€261,661 | -10.3% |
| Financial income | 75/76B | €1,436 | €4,225 | +€2,789 | +194.2% |
| Recurring financial income | 75 | €1,436 | €4,225 | +€2,789 | +194.2% |
| Financial charges | 65/66B | €745,460 | €1,156,661 | +€411,200 | +55.2% |
| Recurring financial charges | 65 | €745,460 | €1,156,661 | +€411,200 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,281,712 | -€3,951,784 | -€670,072 | -20.4% |
| Income taxes | 67/77 | €167 | €141 | -€26 | -15.7% |
| Profit (loss) for the period | 9904 | -€3,281,879 | -€3,951,925 | -€670,046 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,281,879 | -€3,951,925 | -€670,046 | -20.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.