BPK: what changed
BPK
Largest movements
- Receivables within one year +€69,793
up €69,793 (+32.0%), from €218,074 to €287,867
of which Trade receivables: +€73,150
- Tangible fixed assets -€28,066
down €28,066 (-23.4%), from €120,074 to €92,008
of which Plant, machinery and equipment: -€15,308
- Stocks and contracts +€13,700
up €13,700 (+5.3%), from €260,118 to €273,818
of which Stocks: +€13,700
- Trade debts +€68,626
up €68,626 (+225%), from €30,441 to €99,067
- Other debts -€30,291
down €30,291 (-7.9%), from €382,521 to €352,230
- Short-term financial debts +€13,717
up €13,717 (+44.4%), from €30,924 to €44,642
- Reserves +€10,453
up €10,453 (+25.7%), from €40,679 to €51,131
- Debts after one year -€8,113
down €8,113 (-14.6%), from €55,558 to €47,445
- Gross operating margin +€12,561
up €12,561 (+31.9%), from €39,437 to €51,998
- Depreciation +€7,123
up €7,123 (+26.0%), from €27,442 to €34,566
- Taxes +€3,269
up €3,269 (+279%), from €1,171 to €4,440
- Write-downs -€2,425
no longer reported in 2025 (was €2,425)
- Financial charges -€766
down €766 (-11.6%), from €6,602 to €5,835
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €601,243 | €656,825 | +€55,582 | +9.2% |
| Fixed assets | 21/28 | €121,180 | €93,114 | -€28,066 | -23.2% |
| Tangible fixed assets | 22/27 | €120,074 | €92,008 | -€28,066 | -23.4% |
| Plant, machinery and equipment | 23 | €86,122 | €70,814 | -€15,308 | -17.8% |
| Furniture and vehicles | 24 | €33,952 | €21,195 | -€12,757 | -37.6% |
| Financial fixed assets | 28 | €1,106 | €1,106 | = | 0.0% |
| Current assets | 29/58 | €480,063 | €563,711 | +€83,648 | +17.4% |
| Stocks and contracts in progress | 3 | €260,118 | €273,818 | +€13,700 | +5.3% |
| Stocks | 30/36 | €234,400 | €248,100 | +€13,700 | +5.8% |
| Contracts in progress | 37 | €25,718 | €25,718 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €218,074 | €287,867 | +€69,793 | +32.0% |
| Trade receivables | 40 | €211,683 | €284,834 | +€73,150 | +34.6% |
| Other amounts receivable | 41 | €6,391 | €3,033 | -€3,358 | -52.5% |
| Deferred charges and accrued income | 490/1 | €1,871 | €2,026 | +€155 | +8.3% |
| Total equity and liabilities | 10/49 | €601,243 | €656,825 | +€55,582 | +9.2% |
| Equity | 10/15 | €60,679 | €71,131 | +€10,453 | +17.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €40,679 | €51,131 | +€10,453 | +25.7% |
| Distributable reserves | 133 | €40,679 | €51,131 | +€10,453 | +25.7% |
| Amounts payable | 17/49 | €540,564 | €585,694 | +€45,130 | +8.3% |
| Amounts payable after more than one year | 17 | €55,558 | €47,445 | -€8,113 | -14.6% |
| Financial debts | 170/4 | €55,558 | €47,445 | -€8,113 | -14.6% |
| Amounts payable within one year | 42/48 | €484,877 | €538,153 | +€53,276 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €10,815 | €8,771 | -€2,044 | -18.9% |
| Financial debts | 43 | €30,924 | €44,642 | +€13,717 | +44.4% |
| Credit institutions | 430/8 | €30,924 | €44,642 | +€13,717 | +44.4% |
| Trade debts | 44 | €30,441 | €99,067 | +€68,626 | +225% |
| Suppliers | 440/4 | €30,441 | €99,067 | +€68,626 | +225% |
| Advances received on contracts in progress | 46 | €29,004 | €29,004 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,171 | €4,440 | +€3,269 | +279% |
| Taxes | 450/3 | €1,171 | €4,440 | +€3,269 | +279% |
| Other amounts payable | 47/48 | €382,521 | €352,230 | -€30,291 | -7.9% |
| Accrued charges and deferred income | 492/3 | €130 | €96 | -€34 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,442 | €34,566 | +€7,123 | +26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,425 | - | -€2,425 | |
| Other operating charges | 640/8 | €2,075 | €1,772 | -€304 | -14.6% |
| Gross operating margin | 9900 | €39,437 | €51,998 | +€12,561 | +31.9% |
| Operating profit (loss) | 9901 | €7,495 | €15,661 | +€8,166 | +109% |
| Financial income | 75/76B | €4,843 | €5,067 | +€223 | +4.6% |
| Recurring financial income | 75 | €1,343 | €67 | -€1,277 | -95.0% |
| Non-recurring financial income | 76B | €3,500 | €5,000 | +€1,500 | +42.9% |
| Financial charges | 65/66B | €6,602 | €5,835 | -€766 | -11.6% |
| Recurring financial charges | 65 | €6,602 | €5,835 | -€766 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €5,736 | €14,892 | +€9,156 | +160% |
| Income taxes | 67/77 | €1,171 | €4,440 | +€3,269 | +279% |
| Profit (loss) for the period | 9904 | €4,566 | €10,453 | +€5,887 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €4,566 | €10,453 | +€5,887 | +129% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.