BOPE: 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.
BOPE
Largest movements
- Tangible fixed assets +€44,277
up €44,277 (+15.7%), from €281,831 to €326,108
of which Furniture and vehicles: +€58,275
- Cash -€12,144
down €12,144 (-51.6%), from €23,550 to €11,406
mainly Investment in fixed assets (net) (-€76,032) and Tax, wage and social debts (-€10,802)
- Receivables within one year -€5,291
down €5,291 (-55.2%), from €9,588 to €4,297
of which Other amounts receivable: -€5,775
- Stocks and contracts +€5,232
up €5,232 (+53.6%), from €9,768 to €15,000
- Debts after one year +€24,801
up €24,801 (+13.1%), from €188,701 to €213,502
- Current portion of long-term debt +€11,895
up €11,895 (+63.6%), from €18,690 to €30,586
- Tax, wage and social debts -€10,802
down €10,802 (-78.7%), from €13,725 to €2,922
- Advances received -€10,354
no longer reported in 2025 (was €10,354)
- Other debts +€6,849
up €6,849 (+3770.7%), from €182 to €7,030
- Gross operating margin +€25,606
up €25,606 (+89.2%), from €28,720 to €54,326
- Depreciation +€9,185
up €9,185 (+40.7%), from €22,570 to €31,755
- Other operating charges -€2,206
down €2,206 (-24.2%), from €9,127 to €6,922
- Financial charges -€1,845
down €1,845 (-17.3%), from €10,658 to €8,813
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 | €324,927 | €356,811 | +€31,883 | +9.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €281,831 | €326,108 | +€44,277 | +15.7% |
| Tangible fixed assets | 22/27 | €281,831 | €326,108 | +€44,277 | +15.7% |
| Land and buildings | 22 | €238,498 | €224,982 | -€13,516 | -5.7% |
| Plant, machinery and equipment | 23 | €1,242 | €760 | -€482 | -38.8% |
| Furniture and vehicles | 24 | €42,091 | €100,366 | +€58,275 | +138.5% |
| Current assets | 29/58 | €43,096 | €30,702 | -€12,394 | -28.8% |
| Stocks and contracts in progress | 3 | €9,768 | €15,000 | +€5,232 | +53.6% |
| Contracts in progress | 37 | €9,768 | €15,000 | +€5,232 | +53.6% |
| Amounts receivable within one year | 40/41 | €9,588 | €4,297 | -€5,291 | -55.2% |
| Trade receivables | 40 | €3,813 | €4,297 | +€484 | +12.7% |
| Other amounts receivable | 41 | €5,775 | - | -€5,775 | |
| Cash at bank and in hand | 54/58 | €23,550 | €11,406 | -€12,144 | -51.6% |
| Deferred charges and accrued income | 490/1 | €190 | - | -€190 | |
| Total equity and liabilities | 10/49 | €324,927 | €356,811 | +€31,883 | +9.8% |
| Equity | 10/15 | €78,738 | €84,724 | +€5,985 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €66,331 | €66,331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €64,471 | €64,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,193 | -€208 | +€5,985 | +96.6% |
| Amounts payable | 17/49 | €246,189 | €272,087 | +€25,898 | +10.5% |
| Amounts payable after more than one year | 17 | €188,701 | €213,502 | +€24,801 | +13.1% |
| Financial debts | 170/4 | €188,701 | €213,502 | +€24,801 | +13.1% |
| Amounts payable within one year | 42/48 | €54,496 | €55,524 | +€1,027 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €18,690 | €30,586 | +€11,895 | +63.6% |
| Trade debts | 44 | €11,546 | €14,985 | +€3,440 | +29.8% |
| Suppliers | 440/4 | €11,546 | €14,985 | +€3,440 | +29.8% |
| Advances received on contracts in progress | 46 | €10,354 | - | -€10,354 | |
| Taxes, remuneration and social security | 45 | €13,725 | €2,922 | -€10,802 | -78.7% |
| Taxes | 450/3 | €13,725 | €2,922 | -€10,802 | -78.7% |
| Other amounts payable | 47/48 | €182 | €7,030 | +€6,849 | +3770.7% |
| Accrued charges and deferred income | 492/3 | €2,992 | €3,061 | +€69 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,570 | €31,755 | +€9,185 | +40.7% |
| Other operating charges | 640/8 | €9,127 | €6,922 | -€2,206 | -24.2% |
| Non-recurring operating charges | 66A | - | €1,450 | +€1,450 | |
| Gross operating margin | 9900 | €28,720 | €54,326 | +€25,606 | +89.2% |
| Operating profit (loss) | 9901 | -€2,977 | €14,200 | +€17,177 | |
| Financial income | 75/76B | €992 | €720 | -€272 | -27.5% |
| Recurring financial income | 75 | €992 | €720 | -€272 | -27.5% |
| Financial charges | 65/66B | €10,658 | €8,813 | -€1,845 | -17.3% |
| Recurring financial charges | 65 | €10,658 | €8,813 | -€1,845 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,643 | €6,106 | +€18,749 | |
| Income taxes | 67/77 | €225 | €121 | -€104 | -46.1% |
| Profit (loss) for the period | 9904 | -€12,867 | €5,985 | +€18,853 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,867 | €5,985 | +€18,853 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.