BIPAK CONSTRUCT: 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.
BIPAK CONSTRUCT
Largest movements
- Cash +€62,910
up €62,910 (+391.5%), from €16,068 to €78,978
mainly Net result for the year (+€45,240) and Trade debts (+€19,717)
- Receivables within one year +€4,680
up €4,680 (+16.0%), from €29,328 to €34,009
of which Trade receivables: +€3,916
- Profit (loss) carried forward +€45,240
up €45,240 (+181.9%), from €24,865 to €70,106
- Trade debts +€19,717
up €19,717 (+25300.9%), from €78 to €19,795
- Gross operating margin +€30,339
up €30,339 (+75.7%), from €40,068 to €70,406
- Taxes +€6,023
up €6,023 (+96.9%), from €6,216 to €12,239
- Financial charges +€4,121
up €4,121 (+55.2%), from €7,468 to €11,589
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,281 | €114,770 | +€66,489 | +137.7% |
| Fixed assets | 21/28 | €2,885 | €1,784 | -€1,101 | -38.2% |
| Tangible fixed assets | 22/27 | €2,885 | €1,784 | -€1,101 | -38.2% |
| Furniture and vehicles | 24 | €2,885 | €1,784 | -€1,101 | -38.2% |
| Current assets | 29/58 | €45,397 | €112,986 | +€67,590 | +148.9% |
| Amounts receivable within one year | 40/41 | €29,328 | €34,009 | +€4,680 | +16.0% |
| Trade receivables | 40 | €28,972 | €32,888 | +€3,916 | +13.5% |
| Other amounts receivable | 41 | €356 | €1,121 | +€764 | +214.4% |
| Cash at bank and in hand | 54/58 | €16,068 | €78,978 | +€62,910 | +391.5% |
| Total equity and liabilities | 10/49 | €48,281 | €114,770 | +€66,489 | +137.7% |
| Equity | 10/15 | €24,865 | €70,106 | +€45,240 | +181.9% |
| Profit (loss) carried forward | 14 | €24,865 | €70,106 | +€45,240 | +181.9% |
| Amounts payable | 17/49 | €23,416 | €44,665 | +€21,249 | +90.7% |
| Amounts payable within one year | 42/48 | €23,416 | €44,665 | +€21,249 | +90.7% |
| Trade debts | 44 | €78 | €19,795 | +€19,717 | +25300.9% |
| Suppliers | 440/4 | €78 | €19,795 | +€19,717 | +25300.9% |
| Taxes, remuneration and social security | 45 | €21,216 | €22,239 | +€1,023 | +4.8% |
| Taxes | 450/3 | €6,216 | €12,239 | +€6,023 | +96.9% |
| Remuneration and social security | 454/9 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Other amounts payable | 47/48 | €2,122 | €2,631 | +€509 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,519 | €1,101 | -€418 | -27.5% |
| Other operating charges | 640/8 | - | €237 | +€237 | |
| Gross operating margin | 9900 | €40,068 | €70,406 | +€30,339 | +75.7% |
| Operating profit (loss) | 9901 | €38,548 | €69,068 | +€30,520 | +79.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €7,468 | €11,589 | +€4,121 | +55.2% |
| Recurring financial charges | 65 | €7,468 | €11,589 | +€4,121 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €31,081 | €57,479 | +€26,398 | +84.9% |
| Income taxes | 67/77 | €6,216 | €12,239 | +€6,023 | +96.9% |
| Profit (loss) for the period | 9904 | €24,865 | €45,240 | +€20,375 | +81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,865 | €45,240 | +€20,375 | +81.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.