@BPF: 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.
@BPF
Largest movements
- Cash +€32,188
up €32,188 (+33.8%), from €95,207 to €127,395
mainly Net result for the year (+€113,046) and Tax, wage and social debts (+€26,420)
- Tangible fixed assets -€20,933
down €20,933 (-34.3%), from €61,088 to €40,155
of which Furniture and vehicles: -€20,742
- Receivables within one year +€17,619
up €17,619 (+44.9%), from €39,231 to €56,851
of which Trade receivables: +€28,611
- Current investments +€5,825
up €5,825 (+34.2%), from €17,044 to €22,870
- Receivables after one year +€4,890
up €4,890 (+6.0%), from €80,948 to €85,839
- Reserves +€88,046
up €88,046 (+51.7%), from €170,408 to €258,454
- Other debts -€73,656
down €73,656 (-67.8%), from €108,708 to €35,052
- Tax, wage and social debts +€26,420
new in 2025: €26,420
- Gross operating margin +€19,231
up €19,231 (+11.7%), from €163,698 to €182,929
- Taxes +€14,438
up €14,438 (+47.2%), from €30,594 to €45,031
- Other operating charges -€4,678
down €4,678 (-31.8%), from €14,727 to €10,049
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 | €293,966 | €333,556 | +€39,590 | +13.5% |
| Fixed assets | 21/28 | €61,088 | €40,155 | -€20,933 | -34.3% |
| Tangible fixed assets | 22/27 | €61,088 | €40,155 | -€20,933 | -34.3% |
| Plant, machinery and equipment | 23 | €1,623 | €1,432 | -€191 | -11.8% |
| Furniture and vehicles | 24 | €59,465 | €38,723 | -€20,742 | -34.9% |
| Current assets | 29/58 | €232,878 | €293,401 | +€60,523 | +26.0% |
| Amounts receivable after more than one year | 29 | €80,948 | €85,839 | +€4,890 | +6.0% |
| Other amounts receivable | 291 | €80,948 | €85,839 | +€4,890 | +6.0% |
| Amounts receivable within one year | 40/41 | €39,231 | €56,851 | +€17,619 | +44.9% |
| Trade receivables | 40 | €28,218 | €56,828 | +€28,611 | +101.4% |
| Other amounts receivable | 41 | €11,014 | €22 | -€10,991 | -99.8% |
| Current investments | 50/53 | €17,044 | €22,870 | +€5,825 | +34.2% |
| Cash at bank and in hand | 54/58 | €95,207 | €127,395 | +€32,188 | +33.8% |
| Deferred charges and accrued income | 490/1 | €447 | €447 | = | 0.0% |
| Total equity and liabilities | 10/49 | €293,966 | €333,556 | +€39,590 | +13.5% |
| Equity | 10/15 | €180,408 | €268,454 | +€88,046 | +48.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €170,408 | €258,454 | +€88,046 | +51.7% |
| Distributable reserves | 133 | €170,408 | €258,454 | +€88,046 | +51.7% |
| Amounts payable | 17/49 | €113,558 | €65,102 | -€48,456 | -42.7% |
| Amounts payable within one year | 42/48 | €113,558 | €65,102 | -€48,456 | -42.7% |
| Trade debts | 44 | €4,850 | €3,630 | -€1,220 | -25.2% |
| Suppliers | 440/4 | €4,850 | €3,630 | -€1,220 | -25.2% |
| Taxes, remuneration and social security | 45 | - | €26,420 | +€26,420 | |
| Taxes | 450/3 | - | €26,420 | +€26,420 | |
| Other amounts payable | 47/48 | €108,708 | €35,052 | -€73,656 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,640 | €19,909 | +€269 | +1.4% |
| Other operating charges | 640/8 | €14,727 | €10,049 | -€4,678 | -31.8% |
| Non-recurring operating charges | 66A | - | €1,024 | +€1,024 | |
| Gross operating margin | 9900 | €163,698 | €182,929 | +€19,231 | +11.7% |
| Operating profit (loss) | 9901 | €129,331 | €151,947 | +€22,616 | +17.5% |
| Financial income | 75/76B | €4,876 | €6,426 | +€1,550 | +31.8% |
| Recurring financial income | 75 | €4,876 | €6,426 | +€1,550 | +31.8% |
| Financial charges | 65/66B | -€98 | €295 | +€393 | |
| Recurring financial charges | 65 | -€98 | €295 | +€393 | |
| Profit (loss) for the period before taxes | 9903 | €134,305 | €158,077 | +€23,773 | +17.7% |
| Income taxes | 67/77 | €30,594 | €45,031 | +€14,438 | +47.2% |
| Profit (loss) for the period | 9904 | €103,711 | €113,046 | +€9,335 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,711 | €113,046 | +€9,335 | +9.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.