BOPAS: 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.
BOPAS
Largest movements
- Current investments -€20,000
down €20,000 (-52.6%), from €38,000 to €18,000
- Cash +€11,180
up €11,180 (+156.8%), from €7,131 to €18,311
mainly Depreciation (+€23,610) and Current investments (+€20,000)
- Tangible fixed assets +€10,367
up €10,367 (+2.2%), from €471,663 to €482,030
- Debts after one year -€13,338
down €13,338 (-4.4%), from €305,593 to €292,255
of which Financial debts: -€13,338
- Profit (loss) carried forward +€13,017
up €13,017 (+6.4%), from -€202,420 to -€189,402
- Accrued charges and deferred income +€10,142
up €10,142 (+8.3%), from €121,630 to €131,772
- Other debts -€9,197
down €9,197 (-17.7%), from €51,874 to €42,678
- Gross operating margin +€21,992
up €21,992 (+69.0%), from €31,876 to €53,868
- Depreciation -€806
down €806 (-3.3%), from €24,416 to €23,610
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 | €519,401 | €518,868 | -€534 | -0.1% |
| Fixed assets | 21/28 | €471,663 | €482,030 | +€10,367 | +2.2% |
| Tangible fixed assets | 22/27 | €471,663 | €482,030 | +€10,367 | +2.2% |
| Land and buildings | 22 | €471,663 | €482,030 | +€10,367 | +2.2% |
| Current assets | 29/58 | €47,738 | €36,838 | -€10,901 | -22.8% |
| Amounts receivable within one year | 40/41 | €145 | €276 | +€132 | +91.1% |
| Other amounts receivable | 41 | €145 | €276 | +€132 | +91.1% |
| Current investments | 50/53 | €38,000 | €18,000 | -€20,000 | -52.6% |
| Cash at bank and in hand | 54/58 | €7,131 | €18,311 | +€11,180 | +156.8% |
| Deferred charges and accrued income | 490/1 | €2,462 | €250 | -€2,213 | -89.9% |
| Total equity and liabilities | 10/49 | €519,401 | €518,868 | -€534 | -0.1% |
| Equity | 10/15 | €23,580 | €36,598 | +€13,017 | +55.2% |
| Contributions | 10/11 | €226,000 | €226,000 | = | 0.0% |
| Capital | 10 | €226,000 | €226,000 | = | 0.0% |
| Issued capital | 100 | €226,000 | €226,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,420 | -€189,402 | +€13,017 | +6.4% |
| Amounts payable | 17/49 | €495,821 | €482,270 | -€13,551 | -2.7% |
| Amounts payable after more than one year | 17 | €305,593 | €292,255 | -€13,338 | -4.4% |
| Financial debts | 170/4 | €300,396 | €287,058 | -€13,338 | -4.4% |
| Other amounts payable | 178/9 | €5,197 | €5,197 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,598 | €58,243 | -€10,354 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €12,827 | €13,338 | +€512 | +4.0% |
| Trade debts | 44 | €3,897 | €2,227 | -€1,669 | -42.8% |
| Suppliers | 440/4 | €3,897 | €2,227 | -€1,669 | -42.8% |
| Other amounts payable | 47/48 | €51,874 | €42,678 | -€9,197 | -17.7% |
| Accrued charges and deferred income | 492/3 | €121,630 | €131,772 | +€10,142 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,416 | €23,610 | -€806 | -3.3% |
| Other operating charges | 640/8 | €3,376 | €3,538 | +€162 | +4.8% |
| Gross operating margin | 9900 | €31,876 | €53,868 | +€21,992 | +69.0% |
| Operating profit (loss) | 9901 | €4,084 | €26,720 | +€22,636 | +554.3% |
| Financial income | 75/76B | €487 | €928 | +€441 | +90.7% |
| Recurring financial income | 75 | €487 | €928 | +€441 | +90.7% |
| Financial charges | 65/66B | €15,129 | €14,631 | -€499 | -3.3% |
| Recurring financial charges | 65 | €15,129 | €14,631 | -€499 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,559 | €13,017 | +€23,576 | |
| Profit (loss) for the period | 9904 | -€10,559 | €13,017 | +€23,576 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,559 | €13,017 | +€23,576 |
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.