BOPICO: 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.
BOPICO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€55,103
up €55,103 (+20.9%), from €263,480 to €318,583
- Debts after one year -€50,000
down €50,000 (-31.3%), from €160,000 to €110,000
- Profit (loss) carried forward -€27,219
down €27,219 (-30.5%), from -€89,184 to -€116,403
- Trade debts +€8,565
up €8,565 (+4.7%), from €180,999 to €189,564
- Gross operating margin -€9,661
down €9,661, from €4,118 to -€5,543
- Financial charges +€785
up €785 (+5.6%), from €14,085 to €14,870
- Taxes +€629
no longer reported in 2025 (was -€629)
- Other operating charges +€232
up €232 (+7.2%), from €3,240 to €3,472
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 | €652,574 | €642,853 | -€9,721 | -1.5% |
| Fixed assets | 21/28 | €30,000 | €26,667 | -€3,333 | -11.1% |
| Tangible fixed assets | 22/27 | €30,000 | €26,667 | -€3,333 | -11.1% |
| Land and buildings | 22 | €30,000 | €26,667 | -€3,333 | -11.1% |
| Current assets | 29/58 | €622,574 | €616,186 | -€6,388 | -1.0% |
| Stocks and contracts in progress | 3 | €591,197 | €591,053 | -€145 | 0.0% |
| Stocks | 30/36 | €591,197 | €591,053 | -€145 | 0.0% |
| Amounts receivable within one year | 40/41 | €30,802 | €24,547 | -€6,255 | -20.3% |
| Trade receivables | 40 | €12,124 | €12,124 | = | 0.0% |
| Other amounts receivable | 41 | €18,679 | €12,424 | -€6,255 | -33.5% |
| Cash at bank and in hand | 54/58 | €574 | €586 | +€12 | +2.1% |
| Total equity and liabilities | 10/49 | €652,574 | €642,853 | -€9,721 | -1.5% |
| Equity | 10/15 | -€1,905 | -€29,124 | -€27,219 | -1428.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €17,279 | €17,279 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,321 | €5,321 | = | 0.0% |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,184 | -€116,403 | -€27,219 | -30.5% |
| Amounts payable | 17/49 | €654,479 | €671,977 | +€17,498 | +2.7% |
| Amounts payable after more than one year | 17 | €160,000 | €110,000 | -€50,000 | -31.3% |
| Financial debts | 170/4 | €160,000 | €110,000 | -€50,000 | -31.3% |
| Amounts payable within one year | 42/48 | €494,479 | €561,977 | +€67,498 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 43 | - | €3,830 | +€3,830 | |
| Credit institutions | 430/8 | - | €3,830 | +€3,830 | |
| Trade debts | 44 | €180,999 | €189,564 | +€8,565 | +4.7% |
| Suppliers | 440/4 | €180,999 | €189,564 | +€8,565 | +4.7% |
| Other amounts payable | 47/48 | €263,480 | €318,583 | +€55,103 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,333 | €3,333 | = | 0.0% |
| Other operating charges | 640/8 | €3,240 | €3,472 | +€232 | +7.2% |
| Gross operating margin | 9900 | €4,118 | -€5,543 | -€9,661 | |
| Operating profit (loss) | 9901 | -€2,455 | -€12,349 | -€9,894 | -403.0% |
| Financial charges | 65/66B | €14,085 | €14,870 | +€785 | +5.6% |
| Recurring financial charges | 65 | €14,085 | €14,870 | +€785 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,540 | -€27,219 | -€10,679 | -64.6% |
| Income taxes | 67/77 | -€629 | - | +€629 | |
| Profit (loss) for the period | 9904 | -€15,910 | -€27,219 | -€11,308 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,910 | -€27,219 | -€11,308 | -71.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.