BPART: 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.
BPART
Largest movements
- Cash +€7,275
up €7,275 (+31.4%), from €23,145 to €30,419
mainly Net result for the year (+€53,227) and Receivables within one year (+€6,452)
- Receivables within one year -€6,452
down €6,452 (-16.3%), from €39,545 to €33,093
of which Trade receivables: -€6,452
- Intangible fixed assets -€2,814
down €2,814 (-54.8%), from €5,137 to €2,323
- Tangible fixed assets +€1,719
up €1,719 (+9,139%), from €19 to €1,738
- Profit (loss) carried forward +€53,227
up €53,227 (+16.4%), from -€323,622 to -€270,396
- Debts after one year -€37,502
down €37,502 (-25.0%), from €150,220 to €112,717
- Trade debts -€13,416
down €13,416 (-37.0%), from €36,249 to €22,833
- Accrued charges and deferred income -€3,681
down €3,681 (-6.5%), from €56,988 to €53,306
- Current portion of long-term debt +€1,217
up €1,217 (+3.4%), from €36,285 to €37,502
- Depreciation -€30,568
down €30,568 (-89.4%), from €34,190 to €3,622
- Staff costs +€5,875
up €5,875 (+5.9%), from €100,110 to €105,985
- Gross operating margin -€4,478
down €4,478 (-2.6%), from €172,952 to €168,474
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 | €68,503 | €68,231 | -€272 | -0.4% |
| Fixed assets | 21/28 | €5,589 | €4,494 | -€1,095 | -19.6% |
| Intangible fixed assets | 21 | €5,137 | €2,323 | -€2,814 | -54.8% |
| Tangible fixed assets | 22/27 | €19 | €1,738 | +€1,719 | +9,139% |
| Furniture and vehicles | 24 | €19 | €1,738 | +€1,719 | +9,139% |
| Financial fixed assets | 28 | €432 | €432 | = | 0.0% |
| Current assets | 29/58 | €62,915 | €63,737 | +€823 | +1.3% |
| Amounts receivable within one year | 40/41 | €39,545 | €33,093 | -€6,452 | -16.3% |
| Trade receivables | 40 | €39,245 | €32,793 | -€6,452 | -16.4% |
| Other amounts receivable | 41 | €300 | €300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,145 | €30,419 | +€7,275 | +31.4% |
| Deferred charges and accrued income | 490/1 | €225 | €225 | = | 0.0% |
| Total equity and liabilities | 10/49 | €68,503 | €68,231 | -€272 | -0.4% |
| Equity | 10/15 | -€229,622 | -€176,396 | +€53,227 | +23.2% |
| Contributions | 10/11 | €94,000 | €94,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,622 | -€270,396 | +€53,227 | +16.4% |
| Amounts payable | 17/49 | €298,126 | €244,627 | -€53,499 | -17.9% |
| Amounts payable after more than one year | 17 | €150,220 | €112,717 | -€37,502 | -25.0% |
| Financial debts | 170/4 | €150,220 | €112,717 | -€37,502 | -25.0% |
| Amounts payable within one year | 42/48 | €90,919 | €78,603 | -€12,316 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €36,285 | €37,502 | +€1,217 | +3.4% |
| Trade debts | 44 | €36,249 | €22,833 | -€13,416 | -37.0% |
| Suppliers | 440/4 | €36,249 | €22,833 | -€13,416 | -37.0% |
| Taxes, remuneration and social security | 45 | €18,384 | €18,268 | -€117 | -0.6% |
| Taxes | 450/3 | €5,192 | €4,265 | -€927 | -17.9% |
| Remuneration and social security | 454/9 | €13,192 | €14,003 | +€811 | +6.1% |
| Accrued charges and deferred income | 492/3 | €56,988 | €53,306 | -€3,681 | -6.5% |
| Remuneration, social security and pensions | 62 | €100,110 | €105,985 | +€5,875 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,190 | €3,622 | -€30,568 | -89.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €172,952 | €168,474 | -€4,478 | -2.6% |
| Operating profit (loss) | 9901 | €38,265 | €58,467 | +€20,202 | +52.8% |
| Financial income | 75/76B | €128 | €4 | -€124 | -96.5% |
| Recurring financial income | 75 | €128 | €4 | -€124 | -96.5% |
| Financial charges | 65/66B | €6,514 | €5,245 | -€1,269 | -19.5% |
| Recurring financial charges | 65 | €6,514 | €5,245 | -€1,269 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €31,880 | €53,227 | +€21,347 | +67.0% |
| Profit (loss) for the period | 9904 | €31,880 | €53,227 | +€21,347 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,880 | €53,227 | +€21,347 | +67.0% |
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 13 October 2026 via checked.be.