BOPADIS: 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.
BOPADIS
Largest movements
- Cash +€296,468
up €296,468 (+151.6%), from €195,608 to €492,076
mainly Current investments (+€240,000) and Net result for the year (+€57,061)
- Current investments -€240,000
no longer reported in 2025 (was €240,000)
- Tangible fixed assets -€28,542
down €28,542 (-23.1%), from €123,756 to €95,214
of which Plant, machinery and equipment: -€14,906
- Reserves +€57,061
up €57,061 (+12.9%), from €443,534 to €500,595
of which Distributable reserves: +€57,061
- Trade debts +€52,981
up €52,981 (+37.5%), from €141,202 to €194,183
- Other debts -€40,001
down €40,001 (-100.0%), from €40,002 to €2
- Debts after one year -€23,271
down €23,271 (-87.0%), from €26,752 to €3,481
- Current portion of long-term debt -€15,148
down €15,148 (-39.4%), from €38,419 to €23,271
- Gross operating margin -€23,975
down €23,975 (-7.2%), from €332,689 to €308,714
- Staff costs -€8,485
down €8,485 (-4.6%), from €183,593 to €175,108
- Depreciation -€7,371
down €7,371 (-15.0%), from €49,208 to €41,837
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 | €755,483 | €777,802 | +€22,319 | +3.0% |
| Formation expenses | 20 | €780 | €613 | -€167 | -21.4% |
| Fixed assets | 21/28 | €123,756 | €96,714 | -€27,042 | -21.9% |
| Tangible fixed assets | 22/27 | €123,756 | €95,214 | -€28,542 | -23.1% |
| Plant, machinery and equipment | 23 | €85,424 | €70,518 | -€14,906 | -17.4% |
| Furniture and vehicles | 24 | €38,332 | €24,696 | -€13,636 | -35.6% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €630,947 | €680,476 | +€49,529 | +7.8% |
| Stocks and contracts in progress | 3 | €151,673 | €148,184 | -€3,489 | -2.3% |
| Stocks | 30/36 | €151,673 | €148,184 | -€3,489 | -2.3% |
| Amounts receivable within one year | 40/41 | €38,665 | €33,285 | -€5,380 | -13.9% |
| Trade receivables | 40 | €30,641 | €27,395 | -€3,246 | -10.6% |
| Other amounts receivable | 41 | €8,024 | €5,890 | -€2,134 | -26.6% |
| Current investments | 50/53 | €240,000 | - | -€240,000 | |
| Cash at bank and in hand | 54/58 | €195,608 | €492,076 | +€296,468 | +151.6% |
| Deferred charges and accrued income | 490/1 | €5,001 | €6,932 | +€1,931 | +38.6% |
| Total equity and liabilities | 10/49 | €755,483 | €777,802 | +€22,319 | +3.0% |
| Equity | 10/15 | €463,534 | €520,595 | +€57,061 | +12.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €443,534 | €500,595 | +€57,061 | +12.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €441,534 | €498,595 | +€57,061 | +12.9% |
| Amounts payable | 17/49 | €291,949 | €257,207 | -€34,742 | -11.9% |
| Amounts payable after more than one year | 17 | €26,752 | €3,481 | -€23,271 | -87.0% |
| Financial debts | 170/4 | €26,752 | €3,481 | -€23,271 | -87.0% |
| Amounts payable within one year | 42/48 | €257,816 | €245,997 | -€11,819 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €38,419 | €23,271 | -€15,148 | -39.4% |
| Trade debts | 44 | €141,202 | €194,183 | +€52,981 | +37.5% |
| Suppliers | 440/4 | €141,202 | €194,183 | +€52,981 | +37.5% |
| Taxes, remuneration and social security | 45 | €38,193 | €28,542 | -€9,651 | -25.3% |
| Taxes | 450/3 | €9,018 | €207 | -€8,811 | -97.7% |
| Remuneration and social security | 454/9 | €29,175 | €28,334 | -€841 | -2.9% |
| Other amounts payable | 47/48 | €40,002 | €2 | -€40,001 | -100.0% |
| Accrued charges and deferred income | 492/3 | €7,381 | €7,730 | +€349 | +4.7% |
| Non-recurring operating income | 76A | €1,985 | €6,500 | +€4,515 | +227.5% |
| Remuneration, social security and pensions | 62 | €183,593 | €175,108 | -€8,485 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,208 | €41,837 | -€7,371 | -15.0% |
| Other operating charges | 640/8 | €8,079 | €8,083 | +€4 | 0.0% |
| Non-recurring operating charges | 66A | - | €2,965 | +€2,965 | |
| Gross operating margin | 9900 | €332,689 | €308,714 | -€23,975 | -7.2% |
| Operating profit (loss) | 9901 | €91,809 | €80,721 | -€11,088 | -12.1% |
| Financial income | 75/76B | €34 | €2,791 | +€2,757 | +8107.6% |
| Recurring financial income | 75 | €34 | €2,791 | +€2,757 | +8107.6% |
| Financial charges | 65/66B | €12,520 | €10,500 | -€2,020 | -16.1% |
| Recurring financial charges | 65 | €12,520 | €10,500 | -€2,020 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €79,323 | €73,011 | -€6,312 | -8.0% |
| Income taxes | 67/77 | €17,066 | €15,950 | -€1,116 | -6.5% |
| Profit (loss) for the period | 9904 | €62,257 | €57,061 | -€5,196 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,257 | €57,061 | -€5,196 | -8.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.