BoPar: 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.
BoPar
Largest movements
- Stocks and contracts +€216,123
up €216,123 (+355.5%), from €60,786 to €276,909
- Tangible fixed assets -€196,268
down €196,268 (-93.4%), from €210,236 to €13,968
of which Land and buildings: -€194,521
- Financial fixed assets -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€12,968
up €12,968 (+121.4%), from €10,683 to €23,651
of which Trade receivables: +€13,110
- Profit (loss) carried forward -€57,142
down €57,142 (-48.9%), from €116,754 to €59,613
- Debts after one year -€8,330
down €8,330 (-5.5%), from €151,988 to €143,658
- Tax, wage and social debts +€5,134
up €5,134 (+141.9%), from €3,617 to €8,751
- Other debts -€4,048
down €4,048 (-6.1%), from €66,458 to €62,411
- Financial charges +€100,431
up €100,431 (+943.3%), from €10,647 to €111,078
- Gross operating margin +€20,757
up €20,757 (+35.2%), from €58,928 to €79,685
- Taxes +€5,863
up €5,863 (+44.4%), from €13,205 to €19,068
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 | €391,356 | €326,597 | -€64,759 | -16.5% |
| Fixed assets | 21/28 | €310,236 | €13,968 | -€296,268 | -95.5% |
| Tangible fixed assets | 22/27 | €210,236 | €13,968 | -€196,268 | -93.4% |
| Land and buildings | 22 | €194,521 | - | -€194,521 | |
| Plant, machinery and equipment | 23 | €3,891 | €3,279 | -€612 | -15.7% |
| Furniture and vehicles | 24 | €9,120 | €8,324 | -€796 | -8.7% |
| Other tangible fixed assets | 26 | €2,705 | €2,365 | -€340 | -12.6% |
| Financial fixed assets | 28 | €100,000 | - | -€100,000 | |
| Current assets | 29/58 | €81,119 | €312,629 | +€231,509 | +285.4% |
| Stocks and contracts in progress | 3 | €60,786 | €276,909 | +€216,123 | +355.5% |
| Stocks | 30/36 | €60,786 | €276,909 | +€216,123 | +355.5% |
| Amounts receivable within one year | 40/41 | €10,683 | €23,651 | +€12,968 | +121.4% |
| Trade receivables | 40 | €10,335 | €23,445 | +€13,110 | +126.9% |
| Other amounts receivable | 41 | €348 | €206 | -€142 | -40.9% |
| Cash at bank and in hand | 54/58 | €9,173 | €11,639 | +€2,466 | +26.9% |
| Deferred charges and accrued income | 490/1 | €477 | €430 | -€47 | -9.9% |
| Total equity and liabilities | 10/49 | €391,356 | €326,597 | -€64,759 | -16.5% |
| Equity | 10/15 | €136,754 | €79,613 | -€57,142 | -41.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,754 | €59,613 | -€57,142 | -48.9% |
| Amounts payable | 17/49 | €254,601 | €246,984 | -€7,617 | -3.0% |
| Amounts payable after more than one year | 17 | €151,988 | €143,658 | -€8,330 | -5.5% |
| Financial debts | 170/4 | €151,988 | €143,658 | -€8,330 | -5.5% |
| Amounts payable within one year | 42/48 | €102,614 | €103,326 | +€713 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €11,052 | €11,370 | +€318 | +2.9% |
| Trade debts | 44 | €21,486 | €20,795 | -€691 | -3.2% |
| Suppliers | 440/4 | €21,486 | €20,795 | -€691 | -3.2% |
| Taxes, remuneration and social security | 45 | €3,617 | €8,751 | +€5,134 | +141.9% |
| Taxes | 450/3 | €3,617 | €8,751 | +€5,134 | +141.9% |
| Other amounts payable | 47/48 | €66,458 | €62,411 | -€4,048 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,195 | €4,605 | +€410 | +9.8% |
| Other operating charges | 640/8 | €1,741 | €2,103 | +€363 | +20.9% |
| Gross operating margin | 9900 | €58,928 | €79,685 | +€20,757 | +35.2% |
| Operating profit (loss) | 9901 | €52,992 | €72,977 | +€19,984 | +37.7% |
| Financial income | 75/76B | €348 | €28 | -€320 | -92.0% |
| Recurring financial income | 75 | €348 | €28 | -€320 | -92.0% |
| Financial charges | 65/66B | €10,647 | €111,078 | +€100,431 | +943.3% |
| Recurring financial charges | 65 | €10,647 | €111,078 | +€100,431 | +943.3% |
| Profit (loss) for the period before taxes | 9903 | €42,693 | -€38,074 | -€80,767 | |
| Income taxes | 67/77 | €13,205 | €19,068 | +€5,863 | +44.4% |
| Profit (loss) for the period | 9904 | €29,488 | -€57,142 | -€86,630 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,488 | -€57,142 | -€86,630 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.