BIPA: 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.
BIPA
Largest movements
- Cash +€140,742
up €140,742 (+58.0%), from €242,817 to €383,559
mainly Net result for the year (+€227,660) and Depreciation (+€6,930)
- Tangible fixed assets +€80,196
new in 2025: €80,196
- Reserves +€226,827
up €226,827 (+67.2%), from €337,789 to €564,616
- Gross operating margin -€42,813
down €42,813 (-12.5%), from €341,274 to €298,461
- Taxes -€11,220
down €11,220 (-13.5%), from €83,074 to €71,853
- Depreciation +€6,930
new in 2025: €6,930
- Financial income +€5,702
up €5,702 (+140%), from €4,079 to €9,781
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 | €362,491 | €587,177 | +€224,686 | +62.0% |
| Fixed assets | 21/28 | - | €80,196 | +€80,196 | |
| Tangible fixed assets | 22/27 | - | €80,196 | +€80,196 | |
| Furniture and vehicles | 24 | - | €80,196 | +€80,196 | |
| Current assets | 29/58 | €362,491 | €506,981 | +€144,490 | +39.9% |
| Amounts receivable within one year | 40/41 | €18,139 | €22,321 | +€4,182 | +23.1% |
| Other amounts receivable | 41 | €18,139 | €22,321 | +€4,182 | +23.1% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €242,817 | €383,559 | +€140,742 | +58.0% |
| Deferred charges and accrued income | 490/1 | €1,535 | €1,101 | -€433 | -28.2% |
| Total equity and liabilities | 10/49 | €362,491 | €587,177 | +€224,686 | +62.0% |
| Equity | 10/15 | €342,789 | €569,616 | +€226,827 | +66.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €337,789 | €564,616 | +€226,827 | +67.2% |
| Distributable reserves | 133 | €337,789 | €564,616 | +€226,827 | +67.2% |
| Amounts payable | 17/49 | €19,702 | €17,561 | -€2,141 | -10.9% |
| Amounts payable within one year | 42/48 | €16,611 | €14,469 | -€2,143 | -12.9% |
| Trade debts | 44 | €736 | €3,252 | +€2,516 | +342% |
| Suppliers | 440/4 | €736 | €3,252 | +€2,516 | +342% |
| Taxes, remuneration and social security | 45 | €15,043 | €10,384 | -€4,658 | -31.0% |
| Taxes | 450/3 | €15,043 | €10,384 | -€4,658 | -31.0% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,091 | €3,092 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,930 | +€6,930 | |
| Other operating charges | 640/8 | €216 | €419 | +€203 | +94.3% |
| Gross operating margin | 9900 | €341,274 | €298,461 | -€42,813 | -12.5% |
| Operating profit (loss) | 9901 | €341,058 | €291,111 | -€49,947 | -14.6% |
| Financial income | 75/76B | €4,079 | €9,781 | +€5,702 | +140% |
| Recurring financial income | 75 | €4,079 | €9,781 | +€5,702 | +140% |
| Financial charges | 65/66B | €2,060 | €1,379 | -€681 | -33.1% |
| Recurring financial charges | 65 | €2,060 | €1,379 | -€681 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €343,076 | €299,513 | -€43,563 | -12.7% |
| Income taxes | 67/77 | €83,074 | €71,853 | -€11,220 | -13.5% |
| Profit (loss) for the period | 9904 | €260,003 | €227,660 | -€32,343 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €260,003 | €227,660 | -€32,343 | -12.4% |
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 19 October 2026 via checked.be.