BPC Group: 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.
What changed
BPC Group
NACE 43.410, Roofing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · -€5.2m+€6.7m
Equity
€19.3m
2024 · €17.8m+€1.5m
Cash
€10.4m
2024 · €12.4m-€2.0m
Balance sheet total
€148.0m
2024 · €138.8m+€9.2m
Largest movements
Assets
- Receivables within one year +€12.3m
up €12.3m (+12.0%), from €103.0m to €115.3m
of which Other amounts receivable: +€10.7m
- Stocks and contracts -€6.6m
down €6.6m (-98.1%), from €6.7m to €127,363
of which Contracts in progress: -€6.6m
- Current investments +€5.6m
up €5.6m (+64.6%), from €8.7m to €14.3m
- Cash -€2.0m
down €2.0m (-16.5%), from €12.4m to €10.4m
mainly Receivables within one year (-€12.3m) and Trade debts (-€9.6m)
Equity and liabilities
- Advances received +€20.8m
up €20.8m (+135%), from €15.4m to €36.2m
- Trade debts -€9.6m
down €9.6m (-15.6%), from €61.2m to €51.6m
- Accrued charges and deferred income -€3.0m
down €3.0m (-13.8%), from €21.8m to €18.8m
Income statement
- Goods and materials -€23.3m
down €23.3m (-14.1%), from €165.5m to €142.2m
- Turnover +€7.0m
up €7.0m (+3.5%), from €202.2m to €209.2m
- Services and other goods -€3.5m
down €3.5m (-13.2%), from €26.6m to €23.1m
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.
Result 2024
-€5.2m
Turnover
+€7.0m
Other operating income
-€646,066
Goods and materials
+€23.3m
Services and other goods
+€3.5m
Staff costs
+€1.9m
Depreciation
-€11,245
Write-downs
-€97,989
Provisions
+€466,789
Other operating charges
+€398,507
Other operating items
-€29.1m
Financial income
-€129,291
Financial charges
+€64,437
Taxes
-€118,087
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.6m
Investment
-€5.7m
Financing
-€29,747
Cash 2024
€12.4m
From operations (derived)
+€3.6m
Net result for the year
+€1.5m
Depreciation
+€330,061
Stocks and contracts
+€6.6m
Receivables within one year
-€12.3m
Deferred charges and accrued income
-€190,755
Provisions
-€1.4m
Trade debts
-€9.6m
Tax, wage and social debts
+€977,459
Advances received
+€20.8m
Other debts
-€17,585
Accrued charges and deferred income
-€3.0m
Investment (derived)
-€5.7m
Investment in fixed assets (net)
-€30,245
Current investments
-€5.6m
Financing
-€29,747
Debts after one year
-€31,532
Current portion of long-term debt
+€1,785
Contributions, distributions and other
+€0
Cash 2025
€10.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,750,640 | €147,960,989 | +€9.2m | +6.6% |
| Fixed assets | 21/28 | €7,199,788 | €6,899,972 | -€299,816 | -4.2% |
| Tangible fixed assets | 22/27 | €6,092,093 | €5,835,013 | -€257,079 | -4.2% |
| Land and buildings | 22 | €284,573 | €273,781 | -€10,791 | -3.8% |
| Plant, machinery and equipment | 23 | €154,462 | €136,824 | -€17,638 | -11.4% |
| Furniture and vehicles | 24 | €401,214 | €245,707 | -€155,507 | -38.8% |
| Other tangible fixed assets | 26 | €825,431 | €752,288 | -€73,143 | -8.9% |
| Assets under construction and advance payments | 27 | €4,426,413 | €4,426,413 | = | 0.0% |
| Financial fixed assets | 28 | €1,107,695 | €1,064,958 | -€42,737 | -3.9% |
| Companies linked by participating interests | 282/3 | €121,972 | €90,818 | -€31,154 | -25.5% |
| Participating interests | 282 | €121,972 | €90,818 | -€31,154 | -25.5% |
| Other financial fixed assets | 284/8 | €985,723 | €974,140 | -€11,583 | -1.2% |
| Shares | 284 | €159,027 | €159,027 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €826,696 | €815,114 | -€11,583 | -1.4% |
| Current assets | 29/58 | €131,550,853 | €141,061,018 | +€9.5m | +7.2% |
| Stocks and contracts in progress | 3 | €6,706,726 | €127,363 | -€6.6m | -98.1% |
| Stocks | 30/36 | €10,151 | €10,151 | = | 0.0% |
| Property held for sale | 35 | €10,151 | €10,151 | = | 0.0% |
| Contracts in progress | 37 | €6,696,575 | €117,212 | -€6.6m | -98.2% |
| Amounts receivable within one year | 40/41 | €102,964,292 | €115,284,533 | +€12.3m | +12.0% |
| Trade receivables | 40 | €50,044,316 | €51,675,821 | +€1.6m | +3.3% |
| Other amounts receivable | 41 | €52,919,976 | €63,608,712 | +€10.7m | +20.2% |
| Current investments | 50/53 | €8,703,106 | €14,329,340 | +€5.6m | +64.6% |
| Other investments | 51/53 | €8,703,106 | €14,329,340 | +€5.6m | +64.6% |
| Cash at bank and in hand | 54/58 | €12,432,597 | €10,384,895 | -€2.0m | -16.5% |
| Deferred charges and accrued income | 490/1 | €744,131 | €934,887 | +€190,755 | +25.6% |
| Total equity and liabilities | 10/49 | €138,750,640 | €147,960,989 | +€9.2m | +6.6% |
| Equity | 10/15 | €17,843,824 | €19,342,307 | +€1.5m | +8.4% |
| Contributions | 10/11 | €13,545,664 | €13,545,664 | = | 0.0% |
| Capital | 10 | €13,020,130 | €13,020,130 | = | 0.0% |
| Issued capital | 100 | €13,020,130 | €13,020,130 | = | 0.0% |
| Contributions outside capital | 11 | €525,534 | €525,534 | = | 0.0% |
| Share premium | 1100/10 | €525,534 | €525,534 | = | 0.0% |
| Reserves | 13 | €4,298,159 | €4,373,083 | +€74,924 | +1.7% |
| Non-distributable reserves | 130/1 | €1,678,603 | €1,753,527 | +€74,924 | +4.5% |
| Legal reserve | 130 | €795,583 | €870,507 | +€74,924 | +9.4% |
| Reserves not available under the articles | 1311 | €883,020 | €883,020 | = | 0.0% |
| Tax-exempt reserves | 132 | €97,892 | €97,892 | +€0 | 0.0% |
| Distributable reserves | 133 | €2,521,665 | €2,521,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,423,560 | +€1.4m | |
| Provisions and deferred taxes | 16 | €17,329,746 | €15,904,968 | -€1.4m | -8.2% |
| Provisions for liabilities and charges | 160/5 | €17,329,746 | €15,904,968 | -€1.4m | -8.2% |
| Other liabilities and charges | 164/5 | €17,329,746 | €15,904,968 | -€1.4m | -8.2% |
| Amounts payable | 17/49 | €103,577,071 | €112,713,714 | +€9.1m | +8.8% |
| Amounts payable after more than one year | 17 | €31,532 | - | -€31,532 | |
| Financial debts | 170/4 | €31,532 | - | -€31,532 | |
| Credit institutions | 173 | €31,532 | - | -€31,532 | |
| Amounts payable within one year | 42/48 | €81,787,639 | €93,950,615 | +€12.2m | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €29,747 | €31,532 | +€1,785 | +6.0% |
| Trade debts | 44 | €61,162,291 | €51,593,506 | -€9.6m | -15.6% |
| Suppliers | 440/4 | €61,162,291 | €51,593,506 | -€9.6m | -15.6% |
| Advances received on contracts in progress | 46 | €15,397,080 | €36,167,181 | +€20.8m | +135% |
| Taxes, remuneration and social security | 45 | €5,162,158 | €6,139,617 | +€977,459 | +18.9% |
| Taxes | 450/3 | €44,768 | €283,719 | +€238,950 | +534% |
| Remuneration and social security | 454/9 | €5,117,390 | €5,855,899 | +€738,509 | +14.4% |
| Other amounts payable | 47/48 | €36,363 | €18,778 | -€17,585 | -48.4% |
| Accrued charges and deferred income | 492/3 | €21,757,900 | €18,763,099 | -€3.0m | -13.8% |
| Operating income | 70/76A | €217,540,675 | €194,840,813 | -€22.7m | -10.4% |
| Turnover | 70 | €202,196,944 | €209,240,892 | +€7.0m | +3.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,123,105 | -€26,783,221 | -€27.9m | |
| Other operating income | 74 | €11,695,507 | €11,049,441 | -€646,066 | -5.5% |
| Non-recurring operating income | 76A | €2,525,119 | €1,333,701 | -€1.2m | -47.2% |
| Operating charges | 60/66A | €223,148,009 | €193,605,504 | -€29.5m | -13.2% |
| Goods for resale, raw materials and consumables | 60 | €165,508,391 | €142,166,903 | -€23.3m | -14.1% |
| Purchases | 600/8 | €165,508,391 | €142,166,903 | -€23.3m | -14.1% |
| Services and other goods | 61 | €26,577,874 | €23,070,141 | -€3.5m | -13.2% |
| Remuneration, social security and pensions | 62 | €30,306,980 | €28,375,119 | -€1.9m | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318,816 | €330,061 | +€11,245 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €97,989 | +€97,989 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€957,989 | -€1,424,778 | -€466,789 | -48.7% |
| Other operating charges | 640/8 | €1,373,985 | €975,478 | -€398,507 | -29.0% |
| Non-recurring operating charges | 66A | €19,952 | €14,590 | -€5,362 | -26.9% |
| Operating profit (loss) | 9901 | -€5,607,333 | €1,235,309 | +€6.8m | |
| Financial income | 75/76B | €1,208,712 | €1,079,421 | -€129,291 | -10.7% |
| Recurring financial income | 75 | €1,208,712 | €1,069,630 | -€139,082 | -11.5% |
| Income from current assets | 751 | €563,472 | €628,078 | +€64,606 | +11.5% |
| Other financial income | 752/9 | €645,240 | €441,552 | -€203,688 | -31.6% |
| Non-recurring financial income | 76B | - | €9,791 | +€9,791 | |
| Financial charges | 65/66B | €741,693 | €677,256 | -€64,437 | -8.7% |
| Recurring financial charges | 65 | €741,693 | €616,749 | -€124,944 | -16.8% |
| Debt charges | 650 | €332,491 | €371,266 | +€38,776 | +11.7% |
| Other financial charges | 652/9 | €409,202 | €245,483 | -€163,720 | -40.0% |
| Non-recurring financial charges | 66B | - | €60,508 | +€60,508 | |
| Profit (loss) for the period before taxes | 9903 | -€5,140,314 | €1,637,474 | +€6.8m | |
| Income taxes | 67/77 | €20,903 | €138,990 | +€118,087 | +565% |
| Taxes | 670/3 | €93,078 | €139,175 | +€46,097 | +49.5% |
| Tax adjustments and reversals of tax provisions | 77 | €72,175 | €185 | -€71,990 | -99.7% |
| Profit (loss) for the period | 9904 | -€5,161,217 | €1,498,484 | +€6.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,161,217 | €1,498,484 | +€6.7m |
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 15 October 2026 via checked.be.