bp@w: 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.
bp@w
Largest movements
- Receivables within one year +€9,307
up €9,307 (+81.0%), from €11,495 to €20,802
of which Trade receivables: +€8,628
- Tangible fixed assets +€4,003
up €4,003 (+90.2%), from €4,438 to €8,441
of which Furniture and vehicles: +€4,957
- Cash -€3,015
down €3,015 (-100.0%), from €3,015 to €0
mainly Receivables within one year (-€9,307) and Investment in fixed assets (net) (-€6,850)
- Receivables after one year -€2,092
down €2,092 (-21.9%), from €9,536 to €7,444
- Short-term financial debts +€3,417
new in 2025: €3,417
- Other debts +€3,010
new in 2025: €3,010
- Reserves +€2,000
up €2,000 (+20.3%), from €9,875 to €11,875
- Trade debts +€1,201
up €1,201 (+49.5%), from €2,426 to €3,627
- Tax, wage and social debts -€878
down €878 (-14.4%), from €6,097 to €5,219
of which Taxes: -€692
- Other operating charges -€3,233
down €3,233 (-69.7%), from €4,641 to €1,407
- Depreciation +€1,688
up €1,688 (+145.5%), from €1,160 to €2,847
- Gross operating margin -€1,136
down €1,136 (-7.2%), from €15,716 to €14,580
- Financial charges +€754
up €754 (+34.8%), from €2,169 to €2,923
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 | €32,084 | €40,615 | +€8,531 | +26.6% |
| Fixed assets | 21/28 | €8,038 | €12,041 | +€4,003 | +49.8% |
| Tangible fixed assets | 22/27 | €4,438 | €8,441 | +€4,003 | +90.2% |
| Plant, machinery and equipment | 23 | €3,496 | €2,542 | -€954 | -27.3% |
| Furniture and vehicles | 24 | €942 | €5,899 | +€4,957 | +526.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €24,045 | €28,573 | +€4,528 | +18.8% |
| Amounts receivable after more than one year | 29 | €9,536 | €7,444 | -€2,092 | -21.9% |
| Trade receivables | 290 | €9,536 | €7,444 | -€2,092 | -21.9% |
| Amounts receivable within one year | 40/41 | €11,495 | €20,802 | +€9,307 | +81.0% |
| Trade receivables | 40 | - | €8,628 | +€8,628 | |
| Other amounts receivable | 41 | €11,495 | €12,174 | +€679 | +5.9% |
| Cash at bank and in hand | 54/58 | €3,015 | €0 | -€3,015 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €328 | +€328 | |
| Total equity and liabilities | 10/49 | €32,084 | €40,615 | +€8,531 | +26.6% |
| Equity | 10/15 | €21,011 | €23,635 | +€2,624 | +12.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €9,875 | €11,875 | +€2,000 | +20.3% |
| Distributable reserves | 133 | €9,875 | €11,875 | +€2,000 | +20.3% |
| Profit (loss) carried forward | 14 | €11,135 | €11,758 | +€624 | +5.6% |
| Amounts payable | 17/49 | €11,073 | €16,980 | +€5,907 | +53.4% |
| Amounts payable within one year | 42/48 | €11,073 | €16,980 | +€5,907 | +53.4% |
| Current portion of amounts payable after more than one year | 42 | €2,550 | €1,708 | -€842 | -33.0% |
| Financial debts | 43 | - | €3,417 | +€3,417 | |
| Credit institutions | 430/8 | - | €3,417 | +€3,417 | |
| Trade debts | 44 | €2,426 | €3,627 | +€1,201 | +49.5% |
| Suppliers | 440/4 | €2,426 | €3,627 | +€1,201 | +49.5% |
| Taxes, remuneration and social security | 45 | €6,097 | €5,219 | -€878 | -14.4% |
| Taxes | 450/3 | €5,090 | €4,398 | -€692 | -13.6% |
| Remuneration and social security | 454/9 | €1,007 | €821 | -€186 | -18.5% |
| Other amounts payable | 47/48 | - | €3,010 | +€3,010 | |
| Remuneration, social security and pensions | 62 | €1,731 | €1,615 | -€115 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,160 | €2,847 | +€1,688 | +145.5% |
| Other operating charges | 640/8 | €4,641 | €1,407 | -€3,233 | -69.7% |
| Gross operating margin | 9900 | €15,716 | €14,580 | -€1,136 | -7.2% |
| Operating profit (loss) | 9901 | €8,185 | €8,711 | +€525 | +6.4% |
| Financial income | 75/76B | €0 | €2 | +€2 | +4625.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +4625.0% |
| Financial charges | 65/66B | €2,169 | €2,923 | +€754 | +34.8% |
| Recurring financial charges | 65 | €2,169 | €2,923 | +€754 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €6,016 | €5,789 | -€227 | -3.8% |
| Income taxes | 67/77 | €3,078 | €3,165 | +€87 | +2.8% |
| Profit (loss) for the period | 9904 | €2,938 | €2,624 | -€314 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,938 | €2,624 | -€314 | -10.7% |
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 10 October 2026 via checked.be.