BIPP-BIPP: 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.
BIPP-BIPP
Largest movements
- Intangible fixed assets +€78,039
up €78,039 (+93.2%), from €83,700 to €161,738
- Stocks and contracts -€26,684
down €26,684 (-10.1%), from €265,038 to €238,354
- Profit (loss) carried forward -€142,048
down €142,048 (-82.9%), from €171,424 to €29,376
- Other debts +€139,666
up €139,666 (+89.1%), from €156,674 to €296,340
- Trade debts -€56,447
down €56,447 (-30.7%), from €183,689 to €127,243
- Short-term financial debts +€51,378
up €51,378 (+10.3%), from €500,000 to €551,378
of which Other loans: +€51,378
- Tax, wage and social debts +€43,173
up €43,173 (+94.9%), from €45,479 to €88,652
of which Remuneration and social security: +€26,285
- Provisions +€38,098
no longer reported in 2025 (was -€38,098)
- Gross operating margin -€32,728
down €32,728 (-11.2%), from €292,374 to €259,646
- Staff costs -€29,232
down €29,232 (-8.8%), from €332,560 to €303,328
- Depreciation +€27,691
up €27,691 (+366%), from €7,564 to €35,255
- Financial charges +€4,811
up €4,811 (+8.6%), from €56,098 to €60,909
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 | €1,967,350 | €2,003,072 | +€35,722 | +1.8% |
| Fixed assets | 21/28 | €1,438,003 | €1,497,526 | +€59,523 | +4.1% |
| Intangible fixed assets | 21 | €83,700 | €161,738 | +€78,039 | +93.2% |
| Tangible fixed assets | 22/27 | €123,990 | €105,475 | -€18,515 | -14.9% |
| Plant, machinery and equipment | 23 | €123,990 | €105,475 | -€18,515 | -14.9% |
| Financial fixed assets | 28 | €1,230,314 | €1,230,314 | = | 0.0% |
| Current assets | 29/58 | €529,347 | €505,545 | -€23,802 | -4.5% |
| Stocks and contracts in progress | 3 | €265,038 | €238,354 | -€26,684 | -10.1% |
| Stocks | 30/36 | €265,038 | €238,354 | -€26,684 | -10.1% |
| Amounts receivable within one year | 40/41 | €258,026 | €267,156 | +€9,129 | +3.5% |
| Trade receivables | 40 | €250,190 | €265,047 | +€14,857 | +5.9% |
| Other amounts receivable | 41 | €7,837 | €2,109 | -€5,728 | -73.1% |
| Cash at bank and in hand | 54/58 | €6,283 | €35 | -€6,247 | -99.4% |
| Total equity and liabilities | 10/49 | €1,967,350 | €2,003,072 | +€35,722 | +1.8% |
| Equity | 10/15 | €1,081,507 | €939,459 | -€142,048 | -13.1% |
| Contributions | 10/11 | €440,000 | €440,000 | = | 0.0% |
| Capital | 10 | €440,000 | €440,000 | = | 0.0% |
| Issued capital | 100 | €440,000 | €440,000 | = | 0.0% |
| Reserves | 13 | €470,083 | €470,083 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,083 | €20,083 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €83 | +€83 | |
| Other | 1319 | €83 | - | -€83 | |
| Distributable reserves | 133 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,424 | €29,376 | -€142,048 | -82.9% |
| Amounts payable | 17/49 | €885,843 | €1,063,612 | +€177,770 | +20.1% |
| Amounts payable within one year | 42/48 | €885,843 | €1,063,612 | +€177,770 | +20.1% |
| Financial debts | 43 | €500,000 | €551,378 | +€51,378 | +10.3% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Other loans | 439 | - | €51,378 | +€51,378 | |
| Trade debts | 44 | €183,689 | €127,243 | -€56,447 | -30.7% |
| Suppliers | 440/4 | €183,689 | €127,243 | -€56,447 | -30.7% |
| Taxes, remuneration and social security | 45 | €45,479 | €88,652 | +€43,173 | +94.9% |
| Taxes | 450/3 | €6,452 | €23,340 | +€16,888 | +262% |
| Remuneration and social security | 454/9 | €39,027 | €65,312 | +€26,285 | +67.3% |
| Other amounts payable | 47/48 | €156,674 | €296,340 | +€139,666 | +89.1% |
| Non-recurring operating income | 76A | €9,423 | €3,240 | -€6,183 | -65.6% |
| Remuneration, social security and pensions | 62 | €332,560 | €303,328 | -€29,232 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,564 | €35,255 | +€27,691 | +366% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€38,098 | - | +€38,098 | |
| Other operating charges | 640/8 | €1,984 | €2,202 | +€218 | +11.0% |
| Gross operating margin | 9900 | €292,374 | €259,646 | -€32,728 | -11.2% |
| Operating profit (loss) | 9901 | -€11,637 | -€81,139 | -€69,502 | -597% |
| Financial charges | 65/66B | €56,098 | €60,909 | +€4,811 | +8.6% |
| Recurring financial charges | 65 | €56,098 | €60,909 | +€4,811 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€67,735 | -€142,048 | -€74,313 | -110% |
| Profit (loss) for the period | 9904 | -€67,735 | -€142,048 | -€74,313 | -110% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,735 | -€142,048 | -€74,313 | -110% |
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 14 October 2026 via checked.be.