BPE: 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.
BPE
Largest movements
- Tangible fixed assets -€25,411
down €25,411 (-4.4%), from €575,898 to €550,487
of which Land and buildings: -€25,411
- Receivables within one year +€7,016
up €7,016 (+1,195%), from €587 to €7,604
of which Trade receivables: +€7,163
- Debts after one year -€35,538
down €35,538 (-6.0%), from €593,010 to €557,473
of which Financial debts: -€35,538
- Other debts +€12,235
new in 2025: €12,235
- Financial charges -€4,654
down €4,654 (-18.2%), from €25,607 to €20,953
- Gross operating margin +€1,985
up €1,985 (+3.6%), from €54,864 to €56,848
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 | €581,749 | €559,182 | -€22,567 | -3.9% |
| Fixed assets | 21/28 | €575,898 | €550,487 | -€25,411 | -4.4% |
| Tangible fixed assets | 22/27 | €575,898 | €550,487 | -€25,411 | -4.4% |
| Land and buildings | 22 | €554,371 | €528,959 | -€25,411 | -4.6% |
| Furniture and vehicles | 24 | €21,528 | €21,528 | = | 0.0% |
| Current assets | 29/58 | €5,851 | €8,695 | +€2,844 | +48.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €587 | €7,604 | +€7,016 | +1,195% |
| Trade receivables | 40 | €197 | €7,360 | +€7,163 | +3,627% |
| Other amounts receivable | 41 | €390 | €243 | -€147 | -37.7% |
| Cash at bank and in hand | 54/58 | €5,263 | €1,092 | -€4,172 | -79.3% |
| Total equity and liabilities | 10/49 | €581,749 | €559,182 | -€22,567 | -3.9% |
| Equity | 10/15 | -€54,950 | -€49,914 | +€5,036 | +9.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€75,410 | -€70,374 | +€5,036 | +6.7% |
| Amounts payable | 17/49 | €636,699 | €609,096 | -€27,603 | -4.3% |
| Amounts payable after more than one year | 17 | €593,010 | €557,473 | -€35,538 | -6.0% |
| Financial debts | 170/4 | €543,034 | €507,496 | -€35,538 | -6.5% |
| Other amounts payable | 178/9 | €49,976 | €49,976 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,809 | €51,623 | +€9,815 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €36,334 | €37,295 | +€961 | +2.6% |
| Trade debts | 44 | €5,474 | €2,093 | -€3,381 | -61.8% |
| Suppliers | 440/4 | €5,474 | €2,093 | -€3,381 | -61.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €12,235 | +€12,235 | |
| Accrued charges and deferred income | 492/3 | €1,880 | €0 | -€1,880 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,411 | €25,411 | = | 0.0% |
| Other operating charges | 640/8 | €5,533 | €5,448 | -€85 | -1.5% |
| Gross operating margin | 9900 | €54,864 | €56,848 | +€1,985 | +3.6% |
| Operating profit (loss) | 9901 | €23,919 | €25,989 | +€2,070 | +8.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €25,607 | €20,953 | -€4,654 | -18.2% |
| Recurring financial charges | 65 | €25,607 | €20,953 | -€4,654 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,688 | €5,036 | +€6,723 | |
| Profit (loss) for the period | 9904 | -€1,688 | €5,036 | +€6,723 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,688 | €5,036 | +€6,723 |
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 17 October 2026 via checked.be.