BPN Invest: 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.
BPN Invest
Largest movements
- Tangible fixed assets -€9,814
down €9,814 (-3.7%), from €266,176 to €256,362
- Debts after one year -€9,074
down €9,074 (-6.0%), from €150,637 to €141,563
- Other debts +€5,407
up €5,407 (+5.7%), from €94,672 to €100,078
- Reserves -€2,851
down €2,851 (-4.6%), from €61,690 to €58,839
- Gross operating margin -€160
down €160 (-1.2%), from €13,898 to €13,738
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €267,308 | €257,096 | -€10,212 | -3.8% |
| Fixed assets | 21/28 | €266,176 | €256,362 | -€9,814 | -3.7% |
| Tangible fixed assets | 22/27 | €266,176 | €256,362 | -€9,814 | -3.7% |
| Land and buildings | 22 | €266,176 | €256,362 | -€9,814 | -3.7% |
| Current assets | 29/58 | €1,132 | €734 | -€398 | -35.2% |
| Amounts receivable within one year | 40/41 | €772 | €622 | -€150 | -19.4% |
| Other amounts receivable | 41 | €772 | €622 | -€150 | -19.4% |
| Cash at bank and in hand | 54/58 | €360 | €112 | -€248 | -68.9% |
| Total equity and liabilities | 10/49 | €267,308 | €257,096 | -€10,212 | -3.8% |
| Equity | 10/15 | -€12,543 | -€17,354 | -€4,810 | -38.3% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €61,690 | €58,839 | -€2,851 | -4.6% |
| Tax-exempt reserves | 132 | €61,690 | €58,839 | -€2,851 | -4.6% |
| Profit (loss) carried forward | 14 | -€139,233 | -€141,192 | -€1,959 | -1.4% |
| Provisions and deferred taxes | 16 | €20,563 | €19,613 | -€950 | -4.6% |
| Deferred taxes | 168 | €20,563 | €19,613 | -€950 | -4.6% |
| Amounts payable | 17/49 | €259,288 | €254,837 | -€4,451 | -1.7% |
| Amounts payable after more than one year | 17 | €150,637 | €141,563 | -€9,074 | -6.0% |
| Financial debts | 170/4 | €150,637 | €141,563 | -€9,074 | -6.0% |
| Amounts payable within one year | 42/48 | €107,211 | €113,163 | +€5,952 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €8,855 | €9,074 | +€219 | +2.5% |
| Trade debts | 44 | €3,685 | €4,012 | +€327 | +8.9% |
| Suppliers | 440/4 | €3,685 | €4,012 | +€327 | +8.9% |
| Other amounts payable | 47/48 | €94,672 | €100,078 | +€5,407 | +5.7% |
| Accrued charges and deferred income | 492/3 | €1,440 | €110 | -€1,330 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,814 | €9,814 | = | 0.0% |
| Other operating charges | 640/8 | €1,914 | €1,867 | -€47 | -2.5% |
| Gross operating margin | 9900 | €13,898 | €13,738 | -€160 | -1.2% |
| Operating profit (loss) | 9901 | €2,169 | €2,057 | -€113 | -5.2% |
| Financial charges | 65/66B | €7,864 | €7,817 | -€47 | -0.6% |
| Recurring financial charges | 65 | €7,864 | €7,817 | -€47 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,695 | -€5,761 | -€66 | -1.2% |
| Transfer from deferred taxes | 780 | €950 | €950 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,744 | -€4,810 | -€66 | -1.4% |
| Transfer from tax-exempt reserves | 789 | €2,851 | €2,851 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,893 | -€1,959 | -€66 | -3.5% |
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 31 October 2026 via checked.be.