BPI Management: 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 Management
Largest movements
- Receivables within one year +€20,607
up €20,607 (+5,575%), from €370 to €20,976
of which Trade receivables: +€19,990
- Cash -€5,937
down €5,937 (-5.7%), from €104,382 to €98,446
mainly Contributions, distributions and other (-€192,000) and Receivables within one year (-€20,607)
- Tangible fixed assets -€3,647
down €3,647 (-67.0%), from €5,446 to €1,799
- Other debts +€102,485
up €102,485 (+2,270%), from €4,515 to €107,000
- Profit (loss) carried forward -€92,989
down €92,989 (-96.8%), from €96,096 to €3,107
- Tax, wage and social debts +€1,521
up €1,521 (+15.9%), from €9,583 to €11,104
of which Taxes: +€1,521
- Gross operating margin +€68,863
up €68,863 (+108%), from €63,625 to €132,488
- Taxes +€15,867
up €15,867 (+119%), from €13,375 to €29,242
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 | €110,993 | €121,935 | +€10,942 | +9.9% |
| Fixed assets | 21/28 | €5,446 | €1,799 | -€3,647 | -67.0% |
| Tangible fixed assets | 22/27 | €5,446 | €1,799 | -€3,647 | -67.0% |
| Furniture and vehicles | 24 | €5,446 | €1,799 | -€3,647 | -67.0% |
| Current assets | 29/58 | €105,548 | €120,136 | +€14,588 | +13.8% |
| Amounts receivable within one year | 40/41 | €370 | €20,976 | +€20,607 | +5,575% |
| Trade receivables | 40 | €314 | €20,304 | +€19,990 | +6,365% |
| Other amounts receivable | 41 | €56 | €672 | +€616 | +1,109% |
| Cash at bank and in hand | 54/58 | €104,382 | €98,446 | -€5,937 | -5.7% |
| Deferred charges and accrued income | 490/1 | €796 | €714 | -€82 | -10.3% |
| Total equity and liabilities | 10/49 | €110,993 | €121,935 | +€10,942 | +9.9% |
| Equity | 10/15 | €96,596 | €3,607 | -€92,989 | -96.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,096 | €3,107 | -€92,989 | -96.8% |
| Amounts payable | 17/49 | €14,397 | €118,328 | +€103,931 | +722% |
| Amounts payable within one year | 42/48 | €14,397 | €118,328 | +€103,931 | +722% |
| Trade debts | 44 | €299 | €224 | -€75 | -25.1% |
| Suppliers | 440/4 | €299 | €224 | -€75 | -25.1% |
| Taxes, remuneration and social security | 45 | €9,583 | €11,104 | +€1,521 | +15.9% |
| Taxes | 450/3 | €8,183 | €9,704 | +€1,521 | +18.6% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €4,515 | €107,000 | +€102,485 | +2,270% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,647 | €3,647 | = | 0.0% |
| Other operating charges | 640/8 | €286 | €519 | +€232 | +81.2% |
| Gross operating margin | 9900 | €63,625 | €132,488 | +€68,863 | +108% |
| Operating profit (loss) | 9901 | €59,692 | €128,323 | +€68,631 | +115% |
| Financial charges | 65/66B | €47 | €70 | +€23 | +47.6% |
| Recurring financial charges | 65 | €47 | €70 | +€23 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €59,645 | €128,253 | +€68,608 | +115% |
| Income taxes | 67/77 | €13,375 | €29,242 | +€15,867 | +119% |
| Profit (loss) for the period | 9904 | €46,269 | €99,011 | +€52,742 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €46,269 | €99,011 | +€52,742 | +114% |
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 28 October 2026 via checked.be.