BPA MANAGEMENT: 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.
BPA MANAGEMENT
Largest movements
- Cash +€30,755
up €30,755 (+20.5%), from €149,743 to €180,498
mainly Net result for the year (+€37,124) and Tax, wage and social debts (+€7,629)
- Reserves +€37,124
up €37,124 (+37.0%), from €100,266 to €137,390
- Trade debts -€14,684
down €14,684 (-58.7%), from €25,035 to €10,351
- Tax, wage and social debts +€7,629
up €7,629 (+15.7%), from €48,501 to €56,130
- Gross operating margin -€86,519
down €86,519 (-60.9%), from €142,048 to €55,528
- Taxes -€20,681
down €20,681 (-56.4%), from €36,684 to €16,003
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.
Derived cash bridge
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 | €179,818 | €209,931 | +€30,113 | +16.7% |
| Fixed assets | 21/28 | €6,580 | €5,779 | -€801 | -12.2% |
| Tangible fixed assets | 22/27 | €6,580 | €5,779 | -€801 | -12.2% |
| Plant, machinery and equipment | 23 | €6,237 | €5,585 | -€652 | -10.5% |
| Furniture and vehicles | 24 | €343 | €194 | -€149 | -43.5% |
| Current assets | 29/58 | €173,238 | €204,152 | +€30,914 | +17.8% |
| Amounts receivable within one year | 40/41 | €22,833 | €23,060 | +€227 | +1.0% |
| Trade receivables | 40 | €22,833 | €18,275 | -€4,558 | -20.0% |
| Other amounts receivable | 41 | - | €4,785 | +€4,785 | |
| Cash at bank and in hand | 54/58 | €149,743 | €180,498 | +€30,755 | +20.5% |
| Deferred charges and accrued income | 490/1 | €662 | €594 | -€68 | -10.3% |
| Total equity and liabilities | 10/49 | €179,818 | €209,931 | +€30,113 | +16.7% |
| Equity | 10/15 | €106,266 | €143,390 | +€37,124 | +34.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €100,266 | €137,390 | +€37,124 | +37.0% |
| Distributable reserves | 133 | €100,266 | €137,390 | +€37,124 | +37.0% |
| Amounts payable | 17/49 | €73,552 | €66,541 | -€7,011 | -9.5% |
| Amounts payable within one year | 42/48 | €73,552 | €66,481 | -€7,071 | -9.6% |
| Trade debts | 44 | €25,035 | €10,351 | -€14,684 | -58.7% |
| Suppliers | 440/4 | €25,035 | €10,351 | -€14,684 | -58.7% |
| Taxes, remuneration and social security | 45 | €48,501 | €56,130 | +€7,629 | +15.7% |
| Taxes | 450/3 | €48,501 | €56,130 | +€7,629 | +15.7% |
| Other amounts payable | 47/48 | €16 | - | -€16 | |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | €801 | +€414 | +107% |
| Other operating charges | 640/8 | €2,263 | €1,276 | -€987 | -43.6% |
| Non-recurring operating charges | 66A | €2,008 | - | -€2,008 | |
| Gross operating margin | 9900 | €142,048 | €55,528 | -€86,519 | -60.9% |
| Operating profit (loss) | 9901 | €137,390 | €53,452 | -€83,938 | -61.1% |
| Financial income | 75/76B | €149 | €297 | +€148 | +99.1% |
| Recurring financial income | 75 | €149 | €297 | +€148 | +99.1% |
| Financial charges | 65/66B | €590 | €622 | +€32 | +5.5% |
| Recurring financial charges | 65 | €590 | €622 | +€32 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €136,950 | €53,127 | -€83,823 | -61.2% |
| Income taxes | 67/77 | €36,684 | €16,003 | -€20,681 | -56.4% |
| Profit (loss) for the period | 9904 | €100,266 | €37,124 | -€63,142 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,266 | €37,124 | -€63,142 | -63.0% |
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 14 October 2026 via checked.be.