BOPU: 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.
BOPU
Largest movements
- Tangible fixed assets -€66,146
down €66,146 (-64.0%), from €103,279 to €37,133
- Receivables within one year +€44,952
up €44,952 (+28.3%), from €158,804 to €203,756
of which Other amounts receivable: +€51,733
- Short-term financial debts -€66,126
no longer reported in 2025 (was €66,126)
- Profit (loss) carried forward -€44,029
down €44,029 (-66.1%), from €66,585 to €22,556
- Trade debts +€42,792
up €42,792 (+91.2%), from €46,907 to €89,699
- Debts after one year +€29,542
up €29,542 (+77.3%), from €38,229 to €67,770
- Tax, wage and social debts +€12,352
up €12,352 (+2470.4%), from €500 to €12,852
- Gross operating margin -€40,247
down €40,247, from €36,860 to -€3,387
- Other operating charges +€17,329
up €17,329 (+1548.6%), from €1,119 to €18,448
- Depreciation -€14,861
down €14,861 (-55.5%), from €26,770 to €11,909
- Taxes +€1,781
up €1,781 (+305.5%), from €583 to €2,364
- Financial charges +€980
up €980 (+14.1%), from €6,950 to €7,930
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 | €264,252 | €243,322 | -€20,930 | -7.9% |
| Fixed assets | 21/28 | €103,279 | €37,133 | -€66,146 | -64.0% |
| Tangible fixed assets | 22/27 | €103,279 | €37,133 | -€66,146 | -64.0% |
| Furniture and vehicles | 24 | €103,279 | €37,133 | -€66,146 | -64.0% |
| Current assets | 29/58 | €160,973 | €206,189 | +€45,216 | +28.1% |
| Amounts receivable within one year | 40/41 | €158,804 | €203,756 | +€44,952 | +28.3% |
| Trade receivables | 40 | €47,808 | €41,027 | -€6,781 | -14.2% |
| Other amounts receivable | 41 | €110,996 | €162,729 | +€51,733 | +46.6% |
| Cash at bank and in hand | 54/58 | €0 | €1,726 | +€1,726 | |
| Deferred charges and accrued income | 490/1 | €2,169 | €706 | -€1,463 | -67.4% |
| Total equity and liabilities | 10/49 | €264,252 | €243,322 | -€20,930 | -7.9% |
| Equity | 10/15 | €87,045 | €43,016 | -€44,029 | -50.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,585 | €22,556 | -€44,029 | -66.1% |
| Amounts payable | 17/49 | €177,207 | €200,305 | +€23,099 | +13.0% |
| Amounts payable after more than one year | 17 | €38,229 | €67,770 | +€29,542 | +77.3% |
| Financial debts | 170/4 | €38,229 | €67,770 | +€29,542 | +77.3% |
| Amounts payable within one year | 42/48 | €138,978 | €132,535 | -€6,443 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €21,003 | €26,660 | +€5,657 | +26.9% |
| Financial debts | 43 | €66,126 | - | -€66,126 | |
| Credit institutions | 430/8 | €66,126 | - | -€66,126 | |
| Trade debts | 44 | €46,907 | €89,699 | +€42,792 | +91.2% |
| Suppliers | 440/4 | €46,907 | €89,699 | +€42,792 | +91.2% |
| Taxes, remuneration and social security | 45 | €500 | €12,852 | +€12,352 | +2470.4% |
| Taxes | 450/3 | €500 | €12,852 | +€12,352 | +2470.4% |
| Other amounts payable | 47/48 | €4,442 | €3,324 | -€1,118 | -25.2% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,770 | €11,909 | -€14,861 | -55.5% |
| Other operating charges | 640/8 | €1,119 | €18,448 | +€17,329 | +1548.6% |
| Gross operating margin | 9900 | €36,860 | -€3,387 | -€40,247 | |
| Operating profit (loss) | 9901 | €8,971 | -€33,744 | -€42,715 | |
| Financial income | 75/76B | €16 | €9 | -€7 | -43.3% |
| Recurring financial income | 75 | €16 | €9 | -€7 | -43.3% |
| Financial charges | 65/66B | €6,950 | €7,930 | +€980 | +14.1% |
| Recurring financial charges | 65 | €6,950 | €7,930 | +€980 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €2,037 | -€41,665 | -€43,702 | |
| Income taxes | 67/77 | €583 | €2,364 | +€1,781 | +305.5% |
| Profit (loss) for the period | 9904 | €1,454 | -€44,029 | -€45,483 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,454 | -€44,029 | -€45,483 |
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 5 October 2026 via checked.be.