BPB COMPANY: what changed
What changed
BPB COMPANY
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€2,025
2024 · €259,443-€261,469
Equity
€1.3m
2024 · €1.3m-€2,025
Cash
€88,510
2024 · €144,057-€55,547
Balance sheet total
€1.6m
2024 · €1.7m-€22,563
Largest movements
Assets
- Cash -€55,547
down €55,547 (-38.6%), from €144,057 to €88,510
mainly Investment in fixed assets (net) (-€68,060) and Debts after one year (-€20,219)
- Tangible fixed assets +€24,969
up €24,969 (+2.9%), from €851,477 to €876,447
of which Furniture and vehicles: +€42,109
Equity and liabilities
- Profit (loss) carried forward -€1.2m
down €1.2m (-100.0%), from €1.2m to €488
- Reserves +€1.2m
new in 2025: €1.2m
- Debts after one year -€20,219
down €20,219 (-5.6%), from €362,002 to €341,784
Income statement
- Gross operating margin -€242,546
down €242,546 (-83.3%), from €291,149 to €48,603
- Financial income -€69,729
down €69,729 (-93.1%), from €74,863 to €5,134
of which Financial income: -€69,620
- Taxes -€57,764
down €57,764 (-96.5%), from €59,851 to €2,087
- Depreciation +€8,561
up €8,561 (+24.8%), from €34,530 to €43,090
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€259,443
Gross operating margin
-€242,546
Depreciation
-€8,561
Other operating charges
+€2
Financial income
-€69,729
Financial charges
+€1,601
Taxes
+€57,764
Result 2025
-€2,025
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,436
Investment
-€68,060
Financing
-€19,924
Cash 2024
€144,057
From operations (derived)
+€32,436
Net result for the year
-€2,025
Depreciation
+€43,090
Receivables within one year
-€4,138
Deferred charges and accrued income
-€3,877
Trade debts
-€381
Tax, wage and social debts
-€1,597
Other debts
+€1,524
Accrued charges and deferred income
-€160
Investment (derived)
-€68,060
Investment in fixed assets (net)
-€68,060
Current investments
+€0
Financing
-€19,924
Debts after one year
-€20,219
Current portion of long-term debt
+€295
Cash 2025
€88,510
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,667,662 | €1,645,099 | -€22,563 | -1.4% |
| Fixed assets | 21/28 | €851,477 | €876,447 | +€24,969 | +2.9% |
| Tangible fixed assets | 22/27 | €851,477 | €876,447 | +€24,969 | +2.9% |
| Land and buildings | 22 | €838,966 | €813,390 | -€25,575 | -3.0% |
| Plant, machinery and equipment | 23 | €1,355 | €9,791 | +€8,436 | +622% |
| Furniture and vehicles | 24 | €11,156 | €53,265 | +€42,109 | +377% |
| Current assets | 29/58 | €816,185 | €768,652 | -€47,533 | -5.8% |
| Amounts receivable within one year | 40/41 | €170,783 | €174,921 | +€4,138 | +2.4% |
| Trade receivables | 40 | €167,662 | €160,657 | -€7,005 | -4.2% |
| Other amounts receivable | 41 | €3,122 | €14,264 | +€11,143 | +357% |
| Current investments | 50/53 | €500,000 | €500,000 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €144,057 | €88,510 | -€55,547 | -38.6% |
| Deferred charges and accrued income | 490/1 | €1,345 | €5,222 | +€3,877 | +288% |
| Total equity and liabilities | 10/49 | €1,667,662 | €1,645,099 | -€22,563 | -1.4% |
| Equity | 10/15 | €1,261,113 | €1,259,088 | -€2,025 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €1,240,000 | +€1.2m | |
| Distributable reserves | 133 | - | €1,240,000 | +€1.2m | |
| Profit (loss) carried forward | 14 | €1,242,513 | €488 | -€1.2m | -100.0% |
| Amounts payable | 17/49 | €406,549 | €386,011 | -€20,538 | -5.1% |
| Amounts payable after more than one year | 17 | €362,002 | €341,784 | -€20,219 | -5.6% |
| Financial debts | 170/4 | €362,002 | €341,784 | -€20,219 | -5.6% |
| Amounts payable within one year | 42/48 | €44,386 | €44,227 | -€159 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €19,924 | €20,219 | +€295 | +1.5% |
| Trade debts | 44 | €381 | - | -€381 | |
| Suppliers | 440/4 | €381 | - | -€381 | |
| Taxes, remuneration and social security | 45 | €14,829 | €13,232 | -€1,597 | -10.8% |
| Taxes | 450/3 | €14,829 | €13,232 | -€1,597 | -10.8% |
| Other amounts payable | 47/48 | €9,252 | €10,777 | +€1,524 | +16.5% |
| Accrued charges and deferred income | 492/3 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,530 | €43,090 | +€8,561 | +24.8% |
| Other operating charges | 640/8 | €4,792 | €4,789 | -€2 | -0.1% |
| Gross operating margin | 9900 | €291,149 | €48,603 | -€242,546 | -83.3% |
| Operating profit (loss) | 9901 | €251,828 | €723 | -€251,105 | -99.7% |
| Financial income | 75/76B | €74,863 | €5,134 | -€69,729 | -93.1% |
| Recurring financial income | 75 | €74,754 | €5,134 | -€69,620 | -93.1% |
| Non-recurring financial income | 76B | €109 | - | -€109 | |
| Financial charges | 65/66B | €7,396 | €5,796 | -€1,601 | -21.6% |
| Recurring financial charges | 65 | €7,396 | €5,796 | -€1,601 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €319,295 | €62 | -€319,233 | -100.0% |
| Income taxes | 67/77 | €59,851 | €2,087 | -€57,764 | -96.5% |
| Profit (loss) for the period | 9904 | €259,443 | -€2,025 | -€261,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €259,443 | -€2,025 | -€261,469 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.