BPD: what changed
Two fiscal 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.
BPD
Largest movements
- Stocks and contracts +€302,400
new in 2025: €302,400
- Other debts +€299,691
up €299,691 (+159.8%), from €187,589 to €487,280
- Reserves +€28,111
up €28,111 (+10.8%), from €259,476 to €287,586
of which Distributable reserves: +€28,111
- Debts after one year -€20,267
down €20,267 (-17.6%), from €114,844 to €94,578
- Financial charges +€12,550
up €12,550 (+458.4%), from €2,738 to €15,288
- Gross operating margin +€6,096
up €6,096 (+11.8%), from €51,812 to €57,908
- Taxes -€2,233
down €2,233 (-14.5%), from €15,380 to €13,147
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 | €699,425 | €1,004,986 | +€305,561 | +43.7% |
| Fixed assets | 21/28 | €639,534 | €639,534 | = | 0.0% |
| Tangible fixed assets | 22/27 | €639,534 | €639,534 | = | 0.0% |
| Land and buildings | 22 | €639,534 | €639,534 | = | 0.0% |
| Current assets | 29/58 | €59,891 | €365,452 | +€305,561 | +510.2% |
| Stocks and contracts in progress | 3 | - | €302,400 | +€302,400 | |
| Stocks | 30/36 | - | €302,400 | +€302,400 | |
| Amounts receivable within one year | 40/41 | €12,899 | €14,035 | +€1,136 | +8.8% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €799 | €1,935 | +€1,136 | +142.2% |
| Cash at bank and in hand | 54/58 | €46,992 | €49,017 | +€2,025 | +4.3% |
| Total equity and liabilities | 10/49 | €699,425 | €1,004,986 | +€305,561 | +43.7% |
| Equity | 10/15 | €352,476 | €380,586 | +€28,111 | +8.0% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Capital | 10 | €93,000 | €93,000 | = | 0.0% |
| Issued capital | 100 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €259,476 | €287,586 | +€28,111 | +10.8% |
| Non-distributable reserves | 130/1 | €9,300 | €9,300 | = | 0.0% |
| Legal reserve | 130 | €9,300 | €9,300 | = | 0.0% |
| Distributable reserves | 133 | €250,176 | €278,286 | +€28,111 | +11.2% |
| Amounts payable | 17/49 | €346,950 | €624,400 | +€277,450 | +80.0% |
| Amounts payable after more than one year | 17 | €114,844 | €94,578 | -€20,267 | -17.6% |
| Financial debts | 170/4 | €114,844 | €94,578 | -€20,267 | -17.6% |
| Amounts payable within one year | 42/48 | €231,606 | €529,322 | +€297,717 | +128.5% |
| Current portion of amounts payable after more than one year | 42 | €20,267 | €20,267 | = | 0.0% |
| Financial debts | 43 | €10,377 | €15,000 | +€4,623 | +44.5% |
| Other loans | 439 | €10,377 | €15,000 | +€4,623 | +44.5% |
| Taxes, remuneration and social security | 45 | €13,372 | €6,776 | -€6,596 | -49.3% |
| Taxes | 450/3 | €13,372 | €6,776 | -€6,596 | -49.3% |
| Other amounts payable | 47/48 | €187,589 | €487,280 | +€299,691 | +159.8% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €954 | €1,363 | +€409 | +42.9% |
| Gross operating margin | 9900 | €51,812 | €57,908 | +€6,096 | +11.8% |
| Operating profit (loss) | 9901 | €50,858 | €56,545 | +€5,687 | +11.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,738 | €15,288 | +€12,550 | +458.4% |
| Recurring financial charges | 65 | €2,738 | €15,288 | +€12,550 | +458.4% |
| Profit (loss) for the period before taxes | 9903 | €48,120 | €41,257 | -€6,863 | -14.3% |
| Income taxes | 67/77 | €15,380 | €13,147 | -€2,233 | -14.5% |
| Profit (loss) for the period | 9904 | €32,740 | €28,111 | -€4,630 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,740 | €28,111 | -€4,630 | -14.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.