BPL MAINTENANCE: what changed
Two fiscal 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.
BPL MAINTENANCE
Largest movements
- Tangible fixed assets -€48,739
down €48,739 (-5.9%), from €829,271 to €780,531
of which Land and buildings: -€29,935
- Stocks and contracts +€41,581
up €41,581 (+80.9%), from €51,369 to €92,950
of which Contracts in progress: +€44,491
- Receivables within one year +€21,176
up €21,176 (+7.8%), from €271,321 to €292,497
of which Trade receivables: +€16,169
- Cash +€14,821
up €14,821 (+8.5%), from €174,476 to €189,297
mainly Net result for the year (+€81,181) and Depreciation (+€66,082)
- Reserves +€81,181
up €81,181 (+8.6%), from €942,140 to €1.0m
- Debts after one year -€50,641
down €50,641 (-21.5%), from €236,037 to €185,397
- Trade debts +€26,770
up €26,770 (+69.8%), from €38,361 to €65,131
- Other debts -€14,688
down €14,688 (-46.4%), from €31,642 to €16,954
- Gross operating margin -€62,479
down €62,479 (-16.0%), from €389,338 to €326,859
- Taxes -€19,083
down €19,083 (-36.3%), from €52,618 to €33,535
- Staff costs +€11,506
up €11,506 (+8.8%), from €131,301 to €142,807
- Financial income +€9,427
up €9,427 (+403.0%), from €2,339 to €11,766
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.
Cash bridge derived
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 | €1,332,045 | €1,368,283 | +€36,238 | +2.7% |
| Fixed assets | 21/28 | €829,761 | €781,022 | -€48,739 | -5.9% |
| Tangible fixed assets | 22/27 | €829,271 | €780,531 | -€48,739 | -5.9% |
| Land and buildings | 22 | €778,468 | €748,533 | -€29,935 | -3.8% |
| Plant, machinery and equipment | 23 | €43,642 | €26,796 | -€16,846 | -38.6% |
| Furniture and vehicles | 24 | €7,160 | €5,202 | -€1,958 | -27.3% |
| Financial fixed assets | 28 | €491 | €491 | = | 0.0% |
| Current assets | 29/58 | €502,284 | €587,261 | +€84,977 | +16.9% |
| Stocks and contracts in progress | 3 | €51,369 | €92,950 | +€41,581 | +80.9% |
| Stocks | 30/36 | €51,369 | €48,459 | -€2,911 | -5.7% |
| Contracts in progress | 37 | - | €44,491 | +€44,491 | |
| Amounts receivable within one year | 40/41 | €271,321 | €292,497 | +€21,176 | +7.8% |
| Trade receivables | 40 | €251,577 | €267,746 | +€16,169 | +6.4% |
| Other amounts receivable | 41 | €19,744 | €24,751 | +€5,007 | +25.4% |
| Cash at bank and in hand | 54/58 | €174,476 | €189,297 | +€14,821 | +8.5% |
| Deferred charges and accrued income | 490/1 | €5,117 | €12,517 | +€7,400 | +144.6% |
| Total equity and liabilities | 10/49 | €1,332,045 | €1,368,283 | +€36,238 | +2.7% |
| Equity | 10/15 | €948,340 | €1,029,520 | +€81,181 | +8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €942,140 | €1,023,320 | +€81,181 | +8.6% |
| Distributable reserves | 133 | €942,140 | €1,023,320 | +€81,181 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €383,705 | €338,763 | -€44,942 | -11.7% |
| Amounts payable after more than one year | 17 | €236,037 | €185,397 | -€50,641 | -21.5% |
| Financial debts | 170/4 | €236,037 | €185,397 | -€50,641 | -21.5% |
| Amounts payable within one year | 42/48 | €147,668 | €153,366 | +€5,698 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €62,601 | €60,706 | -€1,895 | -3.0% |
| Trade debts | 44 | €38,361 | €65,131 | +€26,770 | +69.8% |
| Suppliers | 440/4 | €38,361 | €65,131 | +€26,770 | +69.8% |
| Advances received on contracts in progress | 46 | €1,646 | €0 | -€1,646 | -100.0% |
| Taxes, remuneration and social security | 45 | €13,417 | €10,574 | -€2,843 | -21.2% |
| Taxes | 450/3 | €3,332 | €3,043 | -€290 | -8.7% |
| Remuneration and social security | 454/9 | €10,085 | €7,532 | -€2,553 | -25.3% |
| Other amounts payable | 47/48 | €31,642 | €16,954 | -€14,688 | -46.4% |
| Remuneration, social security and pensions | 62 | €131,301 | €142,807 | +€11,506 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,304 | €66,082 | +€1,778 | +2.8% |
| Other operating charges | 640/8 | €3,990 | €3,898 | -€92 | -2.3% |
| Gross operating margin | 9900 | €389,338 | €326,859 | -€62,479 | -16.0% |
| Operating profit (loss) | 9901 | €189,743 | €114,072 | -€75,671 | -39.9% |
| Financial income | 75/76B | €2,339 | €11,766 | +€9,427 | +403.0% |
| Recurring financial income | 75 | €2,339 | €11,766 | +€9,427 | +403.0% |
| Financial charges | 65/66B | €14,781 | €11,122 | -€3,659 | -24.8% |
| Recurring financial charges | 65 | €14,781 | €11,122 | -€3,659 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €177,301 | €114,716 | -€62,586 | -35.3% |
| Income taxes | 67/77 | €52,618 | €33,535 | -€19,083 | -36.3% |
| Profit (loss) for the period | 9904 | €124,684 | €81,181 | -€43,503 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,684 | €81,181 | -€43,503 | -34.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.