BPI Service: 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.
What changed
BPI Service
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€446,239
2024 · €712,275-€266,036
Equity
€1.3m
2024 · €1.3m+€46,239
Cash
€223,884
2024 · €278,185-€54,301
Balance sheet total
€5.7m
2024 · €6.2m-€507,644
Largest movements
Assets
- Receivables within one year -€440,545
down €440,545 (-24.6%), from €1.8m to €1.4m
of which Trade receivables: -€229,913
Equity and liabilities
- Debts after one year -€345,631
down €345,631 (-11.7%), from €3.0m to €2.6m
- Trade debts -€216,304
down €216,304 (-39.5%), from €547,548 to €331,244
- Current portion of long-term debt +€114,576
up €114,576 (+14.5%), from €788,726 to €903,302
- Other debts -€100,000
down €100,000 (-20.0%), from €500,000 to €400,000
Income statement
- Depreciation +€230,674
up €230,674 (+33.7%), from €684,126 to €914,800
- Staff costs +€67,503
up €67,503 (+5.9%), from €1.1m to €1.2m
- Taxes -€61,958
down €61,958 (-33.5%), from €185,054 to €123,097
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.
Result 2024
€712,275
Gross operating margin
-€4,466
Staff costs
-€67,503
Depreciation
-€230,674
Write-downs
-€2,990
Other operating charges
+€14,803
Financial income
-€12,142
Financial charges
-€25,022
Taxes
+€61,958
Result 2025
€446,239
raises the resultlowers the result
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.
From operations
+€1.4m
Investment
-€858,841
Financing
-€631,054
Cash 2024
€278,185
From operations (derived)
+€1.4m
Net result for the year
+€446,239
Depreciation
+€914,800
Stocks and contracts
-€43,721
Receivables within one year
+€440,545
Smaller working-capital items
+€2,543
Trade debts
-€216,304
Tax, wage and social debts
-€12,154
Advances received
+€3,646
Other debts
-€100,000
Investment (derived)
-€858,841
Investment in fixed assets (net)
-€858,841
Financing
-€631,054
Debts after one year
-€345,631
Current portion of long-term debt
+€114,576
Contributions, distributions and other
-€400,000
Cash 2025
€223,884
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,201,245 | €5,693,601 | -€507,644 | -8.2% |
| Fixed assets | 21/28 | €4,041,189 | €3,985,230 | -€55,959 | -1.4% |
| Intangible fixed assets | 21 | €3,712 | €903 | -€2,809 | -75.7% |
| Tangible fixed assets | 22/27 | €4,035,977 | €3,982,827 | -€53,150 | -1.3% |
| Plant, machinery and equipment | 23 | €616,928 | €726,889 | +€109,961 | +17.8% |
| Furniture and vehicles | 24 | €190,870 | €73,144 | -€117,727 | -61.7% |
| Leasing and similar rights | 25 | €3,228,179 | €3,182,795 | -€45,384 | -1.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €2,160,056 | €1,708,371 | -€451,685 | -20.9% |
| Stocks and contracts in progress | 3 | €72,578 | €116,299 | +€43,721 | +60.2% |
| Stocks | 30/36 | €72,578 | €116,299 | +€43,721 | +60.2% |
| Amounts receivable within one year | 40/41 | €1,793,805 | €1,353,259 | -€440,545 | -24.6% |
| Trade receivables | 40 | €1,439,385 | €1,209,472 | -€229,913 | -16.0% |
| Other amounts receivable | 41 | €354,419 | €143,787 | -€210,632 | -59.4% |
| Cash at bank and in hand | 54/58 | €278,185 | €223,884 | -€54,301 | -19.5% |
| Deferred charges and accrued income | 490/1 | €15,488 | €14,929 | -€559 | -3.6% |
| Total equity and liabilities | 10/49 | €6,201,245 | €5,693,601 | -€507,644 | -8.2% |
| Equity | 10/15 | €1,275,444 | €1,321,683 | +€46,239 | +3.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,213,444 | €1,259,683 | +€46,239 | +3.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,207,244 | €1,253,483 | +€46,239 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,925,801 | €4,371,918 | -€553,883 | -11.2% |
| Amounts payable after more than one year | 17 | €2,951,792 | €2,606,162 | -€345,631 | -11.7% |
| Financial debts | 170/4 | €2,951,792 | €2,606,162 | -€345,631 | -11.7% |
| Amounts payable within one year | 42/48 | €1,967,065 | €1,756,829 | -€210,236 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €788,726 | €903,302 | +€114,576 | +14.5% |
| Trade debts | 44 | €547,548 | €331,244 | -€216,304 | -39.5% |
| Suppliers | 440/4 | €547,548 | €331,244 | -€216,304 | -39.5% |
| Advances received on contracts in progress | 46 | €890 | €4,537 | +€3,646 | +409% |
| Taxes, remuneration and social security | 45 | €129,901 | €117,747 | -€12,154 | -9.4% |
| Taxes | 450/3 | €16,687 | €0 | -€16,687 | -100.0% |
| Remuneration and social security | 454/9 | €113,213 | €117,747 | +€4,533 | +4.0% |
| Other amounts payable | 47/48 | €500,000 | €400,000 | -€100,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €6,944 | €8,928 | +€1,984 | +28.6% |
| Remuneration, social security and pensions | 62 | €1,146,073 | €1,213,576 | +€67,503 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684,126 | €914,800 | +€230,674 | +33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €681 | €3,671 | +€2,990 | +439% |
| Other operating charges | 640/8 | €22,204 | €7,401 | -€14,803 | -66.7% |
| Gross operating margin | 9900 | €2,839,622 | €2,835,156 | -€4,466 | -0.2% |
| Operating profit (loss) | 9901 | €986,538 | €695,708 | -€290,830 | -29.5% |
| Financial income | 75/76B | €12,212 | €70 | -€12,142 | -99.4% |
| Recurring financial income | 75 | €12,212 | €70 | -€12,142 | -99.4% |
| Financial charges | 65/66B | €101,421 | €126,442 | +€25,022 | +24.7% |
| Recurring financial charges | 65 | €101,421 | €126,442 | +€25,022 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €897,329 | €569,335 | -€327,994 | -36.6% |
| Income taxes | 67/77 | €185,054 | €123,097 | -€61,958 | -33.5% |
| Profit (loss) for the period | 9904 | €712,275 | €446,239 | -€266,036 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €712,275 | €446,239 | -€266,036 | -37.4% |
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 15 October 2026 via checked.be.