BOPOPHAR: 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.
BOPOPHAR
Largest movements
- Receivables within one year +€165,376
up €165,376 (+302.1%), from €54,734 to €220,110
of which Other amounts receivable: +€171,318
- Other debts +€206,596
up €206,596 (+58.1%), from €355,746 to €562,342
- Debts after one year -€28,058
down €28,058 (-21.4%), from €130,846 to €102,788
- Accrued charges and deferred income -€26,054
down €26,054 (-97.3%), from €26,785 to €730
- Gross operating margin -€25,236
down €25,236 (-54.8%), from €46,027 to €20,791
- Financial charges -€21,931
down €21,931 (-75.5%), from €29,046 to €7,115
- Depreciation +€1,322
up €1,322 (+74.1%), from €1,783 to €3,104
- Financial income +€875
up €875 (+113.8%), from €769 to €1,643
- Taxes +€534
up €534 (+27.2%), from €1,960 to €2,493
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €862,956 | €1,025,467 | +€162,511 | +18.8% |
| Fixed assets | 21/28 | €807,038 | €805,153 | -€1,885 | -0.2% |
| Tangible fixed assets | 22/27 | €6,688 | €5,153 | -€1,535 | -23.0% |
| Plant, machinery and equipment | 23 | - | €1,446 | +€1,446 | |
| Furniture and vehicles | 24 | €6,688 | €3,707 | -€2,981 | -44.6% |
| Financial fixed assets | 28 | €800,350 | €800,000 | -€350 | 0.0% |
| Current assets | 29/58 | €55,918 | €220,314 | +€164,396 | +294.0% |
| Amounts receivable within one year | 40/41 | €54,734 | €220,110 | +€165,376 | +302.1% |
| Trade receivables | 40 | €12,146 | €6,205 | -€5,942 | -48.9% |
| Other amounts receivable | 41 | €42,588 | €213,905 | +€171,318 | +402.3% |
| Deferred charges and accrued income | 490/1 | €1,184 | €204 | -€980 | -82.8% |
| Total equity and liabilities | 10/49 | €862,956 | €1,025,467 | +€162,511 | +18.8% |
| Equity | 10/15 | €304,249 | €312,671 | +€8,423 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €285,649 | €294,071 | +€8,423 | +2.9% |
| Distributable reserves | 133 | €285,649 | €294,071 | +€8,423 | +2.9% |
| Amounts payable | 17/49 | €558,707 | €712,796 | +€154,089 | +27.6% |
| Amounts payable after more than one year | 17 | €130,846 | €102,788 | -€28,058 | -21.4% |
| Financial debts | 170/4 | €130,846 | €102,788 | -€28,058 | -21.4% |
| Amounts payable within one year | 42/48 | €401,076 | €609,277 | +€208,201 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | €28,272 | €28,058 | -€215 | -0.8% |
| Financial debts | 43 | €3,462 | €6,877 | +€3,415 | +98.6% |
| Credit institutions | 430/8 | €3,462 | €6,877 | +€3,415 | +98.6% |
| Trade debts | 44 | €8,270 | €5,353 | -€2,917 | -35.3% |
| Suppliers | 440/4 | €8,270 | €5,353 | -€2,917 | -35.3% |
| Taxes, remuneration and social security | 45 | €5,325 | €6,647 | +€1,322 | +24.8% |
| Taxes | 450/3 | €5,325 | €6,647 | +€1,322 | +24.8% |
| Other amounts payable | 47/48 | €355,746 | €562,342 | +€206,596 | +58.1% |
| Accrued charges and deferred income | 492/3 | €26,785 | €730 | -€26,054 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,783 | €3,104 | +€1,322 | +74.1% |
| Other operating charges | 640/8 | €1,502 | €1,299 | -€203 | -13.5% |
| Non-recurring operating charges | 66A | €7,951 | - | -€7,951 | |
| Gross operating margin | 9900 | €46,027 | €20,791 | -€25,236 | -54.8% |
| Operating profit (loss) | 9901 | €34,791 | €16,387 | -€18,403 | -52.9% |
| Financial income | 75/76B | €769 | €1,643 | +€875 | +113.8% |
| Recurring financial income | 75 | €769 | €1,643 | +€875 | +113.8% |
| Financial charges | 65/66B | €29,046 | €7,115 | -€21,931 | -75.5% |
| Recurring financial charges | 65 | €29,046 | €7,115 | -€21,931 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | €6,513 | €10,916 | +€4,403 | +67.6% |
| Income taxes | 67/77 | €1,960 | €2,493 | +€534 | +27.2% |
| Profit (loss) for the period | 9904 | €4,554 | €8,423 | +€3,869 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,554 | €8,423 | +€3,869 | +85.0% |
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.