BPI INSTRUMENTS: 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.
BPI INSTRUMENTS
Largest movements
- Receivables within one year -€69,638
down €69,638 (-34.1%), from €204,481 to €134,843
of which Trade receivables: -€86,743
- Stocks and contracts +€38,386
up €38,386 (+22.2%), from €173,215 to €211,601
- Tangible fixed assets -€26,360
down €26,360 (-12.1%), from €218,276 to €191,916
of which Furniture and vehicles: -€14,415
- Cash +€6,600
up €6,600 (+67.3%), from €9,803 to €16,403
mainly Receivables within one year (+€69,638) and Depreciation (+€41,509)
- Debts after one year -€36,954
down €36,954 (-22.8%), from €161,786 to €124,832
- Trade debts -€34,448
down €34,448 (-18.6%), from €185,282 to €150,834
- Profit (loss) carried forward +€13,850
up €13,850 (+88.0%), from -€15,738 to -€1,889
- Short-term financial debts +€6,467
up €6,467 (+33.5%), from €19,288 to €25,755
- Gross operating margin +€36,940
up €36,940 (+25.2%), from €146,393 to €183,333
- Write-downs +€16,363
up €16,363 (+52.7%), from -€31,054 to -€14,691
- Staff costs +€6,227
up €6,227 (+5.5%), from €113,743 to €119,970
- Taxes +€6,058
up €6,058, from -€627 to €5,431
- Depreciation +€2,507
up €2,507 (+6.4%), from €39,002 to €41,509
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 | €634,105 | €577,671 | -€56,434 | -8.9% |
| Formation expenses | 20 | €813 | €0 | -€813 | -100% |
| Fixed assets | 21/28 | €232,885 | €202,995 | -€29,890 | -12.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €218,276 | €191,916 | -€26,360 | -12.1% |
| Land and buildings | 22 | €146,194 | €143,198 | -€2,996 | -2.0% |
| Plant, machinery and equipment | 23 | €37,091 | €28,142 | -€8,949 | -24.1% |
| Furniture and vehicles | 24 | €34,991 | €20,576 | -€14,415 | -41.2% |
| Financial fixed assets | 28 | €14,609 | €11,079 | -€3,530 | -24.2% |
| Current assets | 29/58 | €400,407 | €374,676 | -€25,731 | -6.4% |
| Stocks and contracts in progress | 3 | €173,215 | €211,601 | +€38,386 | +22.2% |
| Stocks | 30/36 | €173,215 | €211,601 | +€38,386 | +22.2% |
| Amounts receivable within one year | 40/41 | €204,481 | €134,843 | -€69,638 | -34.1% |
| Trade receivables | 40 | €199,258 | €112,515 | -€86,743 | -43.5% |
| Other amounts receivable | 41 | €5,223 | €22,327 | +€17,105 | +328% |
| Cash at bank and in hand | 54/58 | €9,803 | €16,403 | +€6,600 | +67.3% |
| Deferred charges and accrued income | 490/1 | €12,908 | €11,829 | -€1,078 | -8.4% |
| Total equity and liabilities | 10/49 | €634,105 | €577,671 | -€56,434 | -8.9% |
| Equity | 10/15 | €114,920 | €126,616 | +€11,696 | +10.2% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €77,887 | €77,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €46,747 | €46,747 | = | 0.0% |
| Distributable reserves | 133 | €31,140 | €31,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,738 | -€1,889 | +€13,850 | +88.0% |
| Investment grants | 15 | €24,172 | €22,018 | -€2,154 | -8.9% |
| Amounts payable | 17/49 | €519,184 | €451,055 | -€68,130 | -13.1% |
| Amounts payable after more than one year | 17 | €161,786 | €124,832 | -€36,954 | -22.8% |
| Financial debts | 170/4 | €161,786 | €124,832 | -€36,954 | -22.8% |
| Amounts payable within one year | 42/48 | €355,936 | €323,441 | -€32,495 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €36,426 | €35,786 | -€640 | -1.8% |
| Financial debts | 43 | €19,288 | €25,755 | +€6,467 | +33.5% |
| Credit institutions | 430/8 | €19,288 | €25,755 | +€6,467 | +33.5% |
| Trade debts | 44 | €185,282 | €150,834 | -€34,448 | -18.6% |
| Suppliers | 440/4 | €185,282 | €150,834 | -€34,448 | -18.6% |
| Advances received on contracts in progress | 46 | €2,580 | €2,580 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €22,227 | €22,052 | -€175 | -0.8% |
| Taxes | 450/3 | €3,779 | €983 | -€2,796 | -74.0% |
| Remuneration and social security | 454/9 | €18,448 | €21,069 | +€2,621 | +14.2% |
| Other amounts payable | 47/48 | €90,134 | €86,434 | -€3,700 | -4.1% |
| Accrued charges and deferred income | 492/3 | €1,462 | €2,782 | +€1,319 | +90.2% |
| Remuneration, social security and pensions | 62 | €113,743 | €119,970 | +€6,227 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,002 | €41,509 | +€2,507 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,054 | -€14,691 | +€16,363 | +52.7% |
| Other operating charges | 640/8 | €4,416 | €3,900 | -€516 | -11.7% |
| Gross operating margin | 9900 | €146,393 | €183,333 | +€36,940 | +25.2% |
| Operating profit (loss) | 9901 | €20,286 | €32,645 | +€12,359 | +60.9% |
| Financial income | 75/76B | €4,586 | €2,848 | -€1,738 | -37.9% |
| Recurring financial income | 75 | €4,586 | €2,848 | -€1,738 | -37.9% |
| Financial charges | 65/66B | €15,039 | €16,212 | +€1,173 | +7.8% |
| Recurring financial charges | 65 | €15,039 | €16,212 | +€1,173 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €9,833 | €19,281 | +€9,448 | +96.1% |
| Income taxes | 67/77 | -€627 | €5,431 | +€6,058 | |
| Profit (loss) for the period | 9904 | €10,460 | €13,850 | +€3,390 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,460 | €13,850 | +€3,390 | +32.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.