BPM: 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.
BPM
Largest movements
- Cash -€21,979
down €21,979 (-35.1%), from €62,632 to €40,653
mainly Tax, wage and social debts (-€17,988) and Debts after one year (-€14,035)
- Tangible fixed assets -€9,518
down €9,518 (-13.3%), from €71,697 to €62,178
of which Furniture and vehicles: -€9,144
- Receivables within one year +€2,895
up €2,895 (+24.3%), from €11,915 to €14,810
of which Other amounts receivable: +€1,500
- Tax, wage and social debts -€17,988
down €17,988 (-72.9%), from €24,668 to €6,680
of which Taxes: -€14,788
- Debts after one year -€14,035
down €14,035 (-30.3%), from €46,359 to €32,324
- Reserves +€3,718
up €3,718 (+7.0%), from €52,784 to €56,502
- Gross operating margin +€12,409
up €12,409 (+76.0%), from €16,327 to €28,736
- Depreciation +€5,184
up €5,184 (+40.1%), from €12,919 to €18,103
- Financial charges +€1,763
up €1,763 (+73.6%), from €2,393 to €4,156
- Taxes +€1,500
new in 2025: €1,500
- Other operating charges +€388
up €388 (+43.1%), from €899 to €1,287
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 | €146,517 | €117,854 | -€28,663 | -19.6% |
| Fixed assets | 21/28 | €71,697 | €62,178 | -€9,518 | -13.3% |
| Tangible fixed assets | 22/27 | €71,697 | €62,178 | -€9,518 | -13.3% |
| Plant, machinery and equipment | 23 | €1,011 | €636 | -€374 | -37.0% |
| Furniture and vehicles | 24 | €70,686 | €61,542 | -€9,144 | -12.9% |
| Current assets | 29/58 | €74,820 | €55,676 | -€19,145 | -25.6% |
| Amounts receivable within one year | 40/41 | €11,915 | €14,810 | +€2,895 | +24.3% |
| Trade receivables | 40 | €11,915 | €13,310 | +€1,395 | +11.7% |
| Other amounts receivable | 41 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €62,632 | €40,653 | -€21,979 | -35.1% |
| Deferred charges and accrued income | 490/1 | €273 | €213 | -€60 | -22.1% |
| Total equity and liabilities | 10/49 | €146,517 | €117,854 | -€28,663 | -19.6% |
| Equity | 10/15 | €57,784 | €61,502 | +€3,718 | +6.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,784 | €56,502 | +€3,718 | +7.0% |
| Distributable reserves | 133 | €52,784 | €56,502 | +€3,718 | +7.0% |
| Amounts payable | 17/49 | €88,733 | €56,352 | -€32,381 | -36.5% |
| Amounts payable after more than one year | 17 | €46,359 | €32,324 | -€14,035 | -30.3% |
| Financial debts | 170/4 | €46,359 | €32,324 | -€14,035 | -30.3% |
| Amounts payable within one year | 42/48 | €42,374 | €24,029 | -€18,346 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €13,506 | €14,035 | +€529 | +3.9% |
| Trade debts | 44 | €4,140 | €3,314 | -€827 | -20.0% |
| Suppliers | 440/4 | €4,140 | €3,314 | -€827 | -20.0% |
| Taxes, remuneration and social security | 45 | €24,668 | €6,680 | -€17,988 | -72.9% |
| Taxes | 450/3 | €21,468 | €6,680 | -€14,788 | -68.9% |
| Remuneration and social security | 454/9 | €3,200 | - | -€3,200 | |
| Other amounts payable | 47/48 | €60 | - | -€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,919 | €18,103 | +€5,184 | +40.1% |
| Other operating charges | 640/8 | €899 | €1,287 | +€388 | +43.1% |
| Gross operating margin | 9900 | €16,327 | €28,736 | +€12,409 | +76.0% |
| Operating profit (loss) | 9901 | €2,509 | €9,346 | +€6,837 | +272.5% |
| Financial income | 75/76B | €0 | €28 | +€28 | +18620.0% |
| Recurring financial income | 75 | €0 | €28 | +€28 | +18620.0% |
| Financial charges | 65/66B | €2,393 | €4,156 | +€1,763 | +73.6% |
| Recurring financial charges | 65 | €2,393 | €4,156 | +€1,763 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €116 | €5,218 | +€5,102 | +4412.5% |
| Income taxes | 67/77 | - | €1,500 | +€1,500 | |
| Profit (loss) for the period | 9904 | €116 | €3,718 | +€3,602 | +3115.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116 | €3,718 | +€3,602 | +3115.2% |
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 7 October 2026 via checked.be.