BPJ ENTREPRISE: what changed
BPJ ENTREPRISE
Largest movements
- Tangible fixed assets +€47,444
up €47,444 (+215%), from €22,028 to €69,472
of which Other tangible fixed assets: +€27,039
- Receivables within one year -€15,572
down €15,572 (-82.2%), from €18,950 to €3,378
of which Trade receivables: -€18,235
- Cash -€14,647
down €14,647 (-63.8%), from €22,940 to €8,293
mainly Investment in fixed assets (net) (-€56,118) and Current portion of long-term debt (-€12,392)
- Reserves +€19,357
up €19,357 (+165%), from €11,707 to €31,063
- Current portion of long-term debt -€12,392
no longer reported in 2025 (was €12,392)
- Tax, wage and social debts +€7,539
up €7,539 (+220%), from €3,430 to €10,969
- Other debts +€7,034
up €7,034 (+29.2%), from €24,097 to €31,131
- Trade debts -€3,367
down €3,367 (-55.6%), from €6,053 to €2,686
- Gross operating margin +€28,665
up €28,665 (+143%), from €20,028 to €48,693
- Depreciation +€6,799
up €6,799 (+363%), from €1,874 to €8,673
- Other operating charges +€6,449
up €6,449 (+1,467%), from €440 to €6,889
- Financial charges +€4,679
up €4,679 (+611%), from €766 to €5,445
- Taxes +€4,109
up €4,109 (+120%), from €3,430 to €7,539
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,662 | €81,249 | +€16,587 | +25.7% |
| Fixed assets | 21/28 | €22,028 | €69,472 | +€47,444 | +215% |
| Tangible fixed assets | 22/27 | €22,028 | €69,472 | +€47,444 | +215% |
| Plant, machinery and equipment | 23 | €16,620 | €39,091 | +€22,471 | +135% |
| Furniture and vehicles | 24 | €5,408 | €3,342 | -€2,066 | -38.2% |
| Other tangible fixed assets | 26 | - | €27,039 | +€27,039 | |
| Current assets | 29/58 | €42,635 | €11,777 | -€30,858 | -72.4% |
| Amounts receivable within one year | 40/41 | €18,950 | €3,378 | -€15,572 | -82.2% |
| Trade receivables | 40 | €18,235 | - | -€18,235 | |
| Other amounts receivable | 41 | €715 | €3,378 | +€2,664 | +373% |
| Cash at bank and in hand | 54/58 | €22,940 | €8,293 | -€14,647 | -63.8% |
| Deferred charges and accrued income | 490/1 | €745 | €105 | -€639 | -85.9% |
| Total equity and liabilities | 10/49 | €64,662 | €81,249 | +€16,587 | +25.7% |
| Equity | 10/15 | €16,707 | €36,063 | +€19,357 | +116% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,707 | €31,063 | +€19,357 | +165% |
| Distributable reserves | 133 | €11,707 | €31,063 | +€19,357 | +165% |
| Amounts payable | 17/49 | €47,956 | €45,186 | -€2,770 | -5.8% |
| Amounts payable within one year | 42/48 | €45,972 | €44,786 | -€1,186 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €12,392 | - | -€12,392 | |
| Trade debts | 44 | €6,053 | €2,686 | -€3,367 | -55.6% |
| Suppliers | 440/4 | €6,053 | €2,686 | -€3,367 | -55.6% |
| Taxes, remuneration and social security | 45 | €3,430 | €10,969 | +€7,539 | +220% |
| Taxes | 450/3 | €3,430 | €10,969 | +€7,539 | +220% |
| Other amounts payable | 47/48 | €24,097 | €31,131 | +€7,034 | +29.2% |
| Accrued charges and deferred income | 492/3 | €1,983 | €400 | -€1,584 | -79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,874 | €8,673 | +€6,799 | +363% |
| Other operating charges | 640/8 | €440 | €6,889 | +€6,449 | +1,467% |
| Gross operating margin | 9900 | €20,028 | €48,693 | +€28,665 | +143% |
| Operating profit (loss) | 9901 | €17,715 | €33,131 | +€15,416 | +87.0% |
| Financial income | 75/76B | €45 | €68 | +€23 | +51.0% |
| Recurring financial income | 75 | €45 | €68 | +€23 | +51.0% |
| Financial charges | 65/66B | €766 | €5,445 | +€4,679 | +611% |
| Recurring financial charges | 65 | €766 | €5,445 | +€4,679 | +611% |
| Profit (loss) for the period before taxes | 9903 | €16,994 | €27,754 | +€10,760 | +63.3% |
| Income taxes | 67/77 | €3,430 | €7,539 | +€4,109 | +120% |
| Profit (loss) for the period | 9904 | €13,564 | €20,216 | +€6,651 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,564 | €20,216 | +€6,651 | +49.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.