Bopage: 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.
Bopage
Largest movements
- Cash +€5,350
up €5,350 (+841.1%), from €636 to €5,986
mainly Depreciation (+€24,687) and Net result for the year (+€18,876)
- Tangible fixed assets +€4,290
up €4,290 (+3.5%), from €122,392 to €126,682
of which Leasing and similar rights: +€12,970
- Stocks and contracts +€4,096
up €4,096 (+35.9%), from €11,404 to €15,500
- Trade debts -€24,737
down €24,737 (-33.5%), from €73,826 to €49,089
- Short-term financial debts -€18,997
down €18,997 (-76.0%), from €25,000 to €6,003
- Reserves +€18,876
up €18,876 (+8.5%), from €222,680 to €241,556
- Accrued charges and deferred income +€17,748
up €17,748 (+3549.6%), from €500 to €18,248
- Tax, wage and social debts +€11,851
up €11,851 (+33.6%), from €35,256 to €47,106
of which Taxes: +€8,782
- Write-downs +€12,796
new in 2025: €12,796
- Taxes -€5,523
down €5,523 (-38.6%), from €14,304 to €8,782
- Depreciation +€1,690
up €1,690 (+7.3%), from €22,997 to €24,687
- Gross operating margin +€1,525
up €1,525 (+2.3%), from €66,703 to €68,228
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 | €371,521 | €386,244 | +€14,722 | +4.0% |
| Fixed assets | 21/28 | €124,142 | €128,432 | +€4,290 | +3.5% |
| Intangible fixed assets | 21 | €1,500 | €1,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €122,392 | €126,682 | +€4,290 | +3.5% |
| Land and buildings | 22 | €99,492 | €96,029 | -€3,463 | -3.5% |
| Plant, machinery and equipment | 23 | €10,335 | €8,405 | -€1,930 | -18.7% |
| Furniture and vehicles | 24 | €12,565 | €9,278 | -€3,287 | -26.2% |
| Leasing and similar rights | 25 | - | €12,970 | +€12,970 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €247,379 | €257,812 | +€10,432 | +4.2% |
| Stocks and contracts in progress | 3 | €11,404 | €15,500 | +€4,096 | +35.9% |
| Stocks | 30/36 | €11,404 | €15,500 | +€4,096 | +35.9% |
| Amounts receivable within one year | 40/41 | €234,835 | €233,795 | -€1,040 | -0.4% |
| Trade receivables | 40 | €137,716 | €147,824 | +€10,108 | +7.3% |
| Other amounts receivable | 41 | €97,119 | €85,971 | -€11,148 | -11.5% |
| Cash at bank and in hand | 54/58 | €636 | €5,986 | +€5,350 | +841.1% |
| Deferred charges and accrued income | 490/1 | €505 | €2,531 | +€2,027 | +401.7% |
| Total equity and liabilities | 10/49 | €371,521 | €386,244 | +€14,722 | +4.0% |
| Equity | 10/15 | €236,940 | €255,816 | +€18,876 | +8.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €222,680 | €241,556 | +€18,876 | +8.5% |
| Distributable reserves | 133 | €222,680 | €241,556 | +€18,876 | +8.5% |
| Amounts payable | 17/49 | €134,582 | €130,428 | -€4,154 | -3.1% |
| Amounts payable after more than one year | 17 | - | €9,866 | +€9,866 | |
| Financial debts | 170/4 | - | €9,866 | +€9,866 | |
| Amounts payable within one year | 42/48 | €134,082 | €102,314 | -€31,768 | -23.7% |
| Financial debts | 43 | €25,000 | €6,003 | -€18,997 | -76.0% |
| Credit institutions | 430/8 | €25,000 | €6,003 | -€18,997 | -76.0% |
| Trade debts | 44 | €73,826 | €49,089 | -€24,737 | -33.5% |
| Suppliers | 440/4 | €73,826 | €49,089 | -€24,737 | -33.5% |
| Advances received on contracts in progress | 46 | - | €116 | +€116 | |
| Taxes, remuneration and social security | 45 | €35,256 | €47,106 | +€11,851 | +33.6% |
| Taxes | 450/3 | €34,544 | €43,325 | +€8,782 | +25.4% |
| Remuneration and social security | 454/9 | €712 | €3,781 | +€3,069 | +431.1% |
| Accrued charges and deferred income | 492/3 | €500 | €18,248 | +€17,748 | +3549.6% |
| Remuneration, social security and pensions | 62 | - | €164 | +€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,997 | €24,687 | +€1,690 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,796 | +€12,796 | |
| Other operating charges | 640/8 | €680 | €848 | +€168 | +24.7% |
| Gross operating margin | 9900 | €66,703 | €68,228 | +€1,525 | +2.3% |
| Operating profit (loss) | 9901 | €43,026 | €29,733 | -€13,293 | -30.9% |
| Financial income | 75/76B | €151 | €725 | +€574 | +378.9% |
| Recurring financial income | 75 | €151 | €725 | +€574 | +378.9% |
| Financial charges | 65/66B | €2,295 | €2,800 | +€505 | +22.0% |
| Recurring financial charges | 65 | €2,295 | €2,800 | +€505 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €40,882 | €27,658 | -€13,224 | -32.3% |
| Income taxes | 67/77 | €14,304 | €8,782 | -€5,523 | -38.6% |
| Profit (loss) for the period | 9904 | €26,578 | €18,876 | -€7,701 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,578 | €18,876 | -€7,701 | -29.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.