BOPAX HOLDING: what changed
Two financial 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.
BOPAX HOLDING
Largest movements
- Cash -€98,980
down €98,980 (-51.9%), from €190,554 to €91,574
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€6,668)
- Reserves -€100,000
down €100,000 (-8.3%), from €1.2m to €1.1m
- Financial income +€21,333
up €21,333 (+97.7%), from €21,845 to €43,178
- Gross operating margin -€4,467
down €4,467 (-19.0%), from -€23,527 to -€27,994
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 | €1,301,032 | €1,207,221 | -€93,812 | -7.2% |
| Fixed assets | 21/28 | €42,000 | €40,500 | -€1,500 | -3.6% |
| Tangible fixed assets | 22/27 | €42,000 | €40,500 | -€1,500 | -3.6% |
| Land and buildings | 22 | €42,000 | €40,500 | -€1,500 | -3.6% |
| Current assets | 29/58 | €1,259,032 | €1,166,721 | -€92,312 | -7.3% |
| Amounts receivable after more than one year | 29 | €275,000 | €275,000 | = | 0.0% |
| Other amounts receivable | 291 | €275,000 | €275,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,185 | €13,853 | +€6,668 | +92.8% |
| Other amounts receivable | 41 | €7,185 | €13,853 | +€6,668 | +92.8% |
| Current investments | 50/53 | €786,293 | €786,293 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €190,554 | €91,574 | -€98,980 | -51.9% |
| Total equity and liabilities | 10/49 | €1,301,032 | €1,207,221 | -€93,812 | -7.2% |
| Equity | 10/15 | €1,219,921 | €1,131,172 | -€88,749 | -7.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,204,450 | €1,104,450 | -€100,000 | -8.3% |
| Distributable reserves | 133 | €1,204,450 | €1,104,450 | -€100,000 | -8.3% |
| Profit (loss) carried forward | 14 | -€4,529 | €6,722 | +€11,251 | |
| Amounts payable | 17/49 | €81,111 | €76,049 | -€5,062 | -6.2% |
| Amounts payable within one year | 42/48 | €81,111 | €76,049 | -€5,062 | -6.2% |
| Trade debts | 44 | €1,273 | €1,005 | -€268 | -21.1% |
| Suppliers | 440/4 | €1,273 | €1,005 | -€268 | -21.1% |
| Taxes, remuneration and social security | 45 | €0 | €300 | +€300 | |
| Taxes | 450/3 | €0 | €300 | +€300 | |
| Other amounts payable | 47/48 | €79,838 | €74,744 | -€5,094 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €1,500 | = | 0.0% |
| Other operating charges | 640/8 | €1,272 | €1,312 | +€40 | +3.1% |
| Gross operating margin | 9900 | -€23,527 | -€27,994 | -€4,467 | -19.0% |
| Operating profit (loss) | 9901 | -€26,300 | -€30,806 | -€4,507 | -17.1% |
| Financial income | 75/76B | €21,845 | €43,178 | +€21,333 | +97.7% |
| Recurring financial income | 75 | €21,845 | €43,178 | +€21,333 | +97.7% |
| Financial charges | 65/66B | €1,131 | €1,121 | -€10 | -0.9% |
| Recurring financial charges | 65 | €1,131 | €1,121 | -€10 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,586 | €11,251 | +€16,836 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,586 | €11,251 | +€16,836 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,586 | €11,251 | +€16,836 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.