BIPSA: 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.
BIPSA
Largest movements
- Tangible fixed assets -€98,213
down €98,213 (-5.6%), from €1.8m to €1.7m
- Cash +€25,496
up €25,496 (+30.9%), from €82,397 to €107,893
mainly Depreciation (+€98,213) and Net result for the year (+€13,423)
- Debts after one year -€74,037
down €74,037 (-11.7%), from €634,596 to €560,559
of which Financial debts: -€74,037
- Gross operating margin +€24,147
up €24,147 (+29.5%), from €81,990 to €106,137
- Financial charges -€5,426
down €5,426 (-27.0%), from €20,116 to €14,690
- Financial income +€4,045
up €4,045 (+19.1%), from €21,223 to €25,268
- Other operating charges +€2,013
up €2,013 (+65.7%), from €3,067 to €5,080
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,182,225 | €2,110,783 | -€71,442 | -3.3% |
| Fixed assets | 21/28 | €1,766,732 | €1,668,519 | -€98,213 | -5.6% |
| Tangible fixed assets | 22/27 | €1,766,732 | €1,668,519 | -€98,213 | -5.6% |
| Land and buildings | 22 | €1,766,732 | €1,668,519 | -€98,213 | -5.6% |
| Current assets | 29/58 | €415,493 | €442,264 | +€26,771 | +6.4% |
| Amounts receivable within one year | 40/41 | €7,014 | €6,869 | -€145 | -2.1% |
| Trade receivables | 40 | €7,014 | €4,545 | -€2,469 | -35.2% |
| Other amounts receivable | 41 | - | €2,324 | +€2,324 | |
| Current investments | 50/53 | €324,011 | €325,416 | +€1,405 | +0.4% |
| Cash at bank and in hand | 54/58 | €82,397 | €107,893 | +€25,496 | +30.9% |
| Deferred charges and accrued income | 490/1 | €2,071 | €2,085 | +€14 | +0.7% |
| Total equity and liabilities | 10/49 | €2,182,225 | €2,110,783 | -€71,442 | -3.3% |
| Equity | 10/15 | €1,431,271 | €1,444,694 | +€13,423 | +0.9% |
| Contributions | 10/11 | €1,725,000 | €1,725,000 | = | 0.0% |
| Capital | 10 | €1,725,000 | €1,725,000 | = | 0.0% |
| Issued capital | 100 | €1,725,000 | €1,725,000 | = | 0.0% |
| Reserves | 13 | €1,852 | €1,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,852 | €1,852 | = | 0.0% |
| Legal reserve | 130 | €1,852 | €1,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€295,580 | -€282,157 | +€13,423 | +4.5% |
| Amounts payable | 17/49 | €750,953 | €666,088 | -€84,865 | -11.3% |
| Amounts payable after more than one year | 17 | €634,596 | €560,559 | -€74,037 | -11.7% |
| Financial debts | 170/4 | €184,596 | €110,559 | -€74,037 | -40.1% |
| Other amounts payable | 178/9 | €450,000 | €450,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €116,357 | €105,530 | -€10,828 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €73,969 | €75,163 | +€1,194 | +1.6% |
| Trade debts | 44 | €20,746 | €6,266 | -€14,479 | -69.8% |
| Suppliers | 440/4 | €20,746 | €6,266 | -€14,479 | -69.8% |
| Other amounts payable | 47/48 | €21,643 | €24,100 | +€2,458 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,213 | €98,213 | = | 0.0% |
| Other operating charges | 640/8 | €3,067 | €5,080 | +€2,013 | +65.7% |
| Gross operating margin | 9900 | €81,990 | €106,137 | +€24,147 | +29.5% |
| Operating profit (loss) | 9901 | -€19,289 | €2,845 | +€22,133 | |
| Financial income | 75/76B | €21,223 | €25,268 | +€4,045 | +19.1% |
| Recurring financial income | 75 | €21,223 | €25,268 | +€4,045 | +19.1% |
| Financial charges | 65/66B | €20,116 | €14,690 | -€5,426 | -27.0% |
| Recurring financial charges | 65 | €20,116 | €14,690 | -€5,426 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,181 | €13,423 | +€31,604 | |
| Income taxes | 67/77 | €644 | - | -€644 | |
| Profit (loss) for the period | 9904 | -€18,825 | €13,423 | +€32,248 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,825 | €13,423 | +€32,248 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.