BOPONT: 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.
BOPONT
Largest movements
- Financial fixed assets +€194,250
new in 2025: €194,250
- Current investments -€71,613
down €71,613 (-95.2%), from €75,260 to €3,647
- Receivables within one year -€11,298
down €11,298 (-34.8%), from €32,460 to €21,162
of which Trade receivables: -€11,443
- Cash -€9,336
down €9,336 (-44.7%), from €20,902 to €11,566
mainly Investment in fixed assets (net) (-€209,616) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets +€6,878
up €6,878 (+17.4%), from €39,492 to €46,370
of which Land and buildings: +€10,931
- Debts after one year +€99,377
up €99,377 (+454.3%), from €21,877 to €121,254
- Current portion of long-term debt +€27,334
up €27,334 (+874.7%), from €3,125 to €30,459
- Reserves -€20,000
down €20,000 (-21.6%), from €92,528 to €72,528
of which Distributable reserves: -€20,000
- Profit (loss) carried forward +€5,752
up €5,752 (+15.5%), from €37,027 to €42,779
- Tax, wage and social debts +€5,158
up €5,158 (+9551.9%), from €54 to €5,212
- Taxes -€12,275
no longer reported in 2025 (was €12,275)
- Financial charges +€11,096
up €11,096 (+1161.9%), from €955 to €12,051
of which Non-recurring financial charges: +€9,950
- Gross operating margin -€6,827
down €6,827 (-12.8%), from €53,156 to €46,329
- Depreciation +€1,371
up €1,371 (+19.3%), from €7,117 to €8,488
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 | €177,040 | €291,413 | +€114,373 | +64.6% |
| Fixed assets | 21/28 | €39,492 | €240,620 | +€201,128 | +509.3% |
| Tangible fixed assets | 22/27 | €39,492 | €46,370 | +€6,878 | +17.4% |
| Land and buildings | 22 | €29,473 | €40,404 | +€10,931 | +37.1% |
| Plant, machinery and equipment | 23 | €4,375 | €1,940 | -€2,435 | -55.7% |
| Furniture and vehicles | 24 | €5,644 | €4,026 | -€1,618 | -28.7% |
| Financial fixed assets | 28 | - | €194,250 | +€194,250 | |
| Current assets | 29/58 | €137,548 | €50,793 | -€86,755 | -63.1% |
| Amounts receivable within one year | 40/41 | €32,460 | €21,162 | -€11,298 | -34.8% |
| Trade receivables | 40 | €13,564 | €2,121 | -€11,443 | -84.4% |
| Other amounts receivable | 41 | €18,896 | €19,041 | +€145 | +0.8% |
| Current investments | 50/53 | €75,260 | €3,647 | -€71,613 | -95.2% |
| Cash at bank and in hand | 54/58 | €20,902 | €11,566 | -€9,336 | -44.7% |
| Deferred charges and accrued income | 490/1 | €8,926 | €14,418 | +€5,492 | +61.5% |
| Total equity and liabilities | 10/49 | €177,040 | €291,413 | +€114,373 | +64.6% |
| Equity | 10/15 | €148,147 | €133,899 | -€14,248 | -9.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €92,528 | €72,528 | -€20,000 | -21.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €90,669 | €70,669 | -€20,000 | -22.1% |
| Profit (loss) carried forward | 14 | €37,027 | €42,779 | +€5,752 | +15.5% |
| Amounts payable | 17/49 | €28,893 | €157,514 | +€128,621 | +445.2% |
| Amounts payable after more than one year | 17 | €21,877 | €121,254 | +€99,377 | +454.3% |
| Financial debts | 170/4 | €21,877 | €121,254 | +€99,377 | +454.3% |
| Amounts payable within one year | 42/48 | €6,913 | €36,260 | +€29,347 | +424.5% |
| Current portion of amounts payable after more than one year | 42 | €3,125 | €30,459 | +€27,334 | +874.7% |
| Trade debts | 44 | €1,734 | €589 | -€1,145 | -66.0% |
| Suppliers | 440/4 | €1,734 | €589 | -€1,145 | -66.0% |
| Taxes, remuneration and social security | 45 | €54 | €5,212 | +€5,158 | +9551.9% |
| Taxes | 450/3 | €54 | €5,212 | +€5,158 | +9551.9% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €103 | - | -€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,117 | €8,488 | +€1,371 | +19.3% |
| Other operating charges | 640/8 | €877 | €780 | -€97 | -11.1% |
| Gross operating margin | 9900 | €53,156 | €46,329 | -€6,827 | -12.8% |
| Operating profit (loss) | 9901 | €45,162 | €37,061 | -€8,101 | -17.9% |
| Financial income | 75/76B | €718 | €742 | +€24 | +3.3% |
| Recurring financial income | 75 | €718 | €742 | +€24 | +3.3% |
| Financial charges | 65/66B | €955 | €12,051 | +€11,096 | +1161.9% |
| Recurring financial charges | 65 | €955 | €2,101 | +€1,146 | +120.0% |
| Non-recurring financial charges | 66B | - | €9,950 | +€9,950 | |
| Profit (loss) for the period before taxes | 9903 | €44,925 | €25,752 | -€19,173 | -42.7% |
| Income taxes | 67/77 | €12,275 | - | -€12,275 | |
| Profit (loss) for the period | 9904 | €32,650 | €25,752 | -€6,898 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,650 | €25,752 | -€6,898 | -21.1% |
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.