BPNR: 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.
BPNR
Largest movements
- Current investments +€94,883
up €94,883 (+11.6%), from €817,127 to €912,010
- Cash -€69,000
down €69,000 (-38.2%), from €180,646 to €111,646
mainly Contributions, distributions and other (-€315,724) and Current investments (-€94,883)
- Tangible fixed assets -€14,461
down €14,461 (-19.6%), from €73,667 to €59,206
of which Furniture and vehicles: -€19,761
- Other debts +€325,483
up €325,483 (+794.4%), from €40,973 to €366,456
- Reserves -€235,629
down €235,629 (-26.4%), from €892,755 to €657,126
of which Distributable reserves: -€235,629
- Tax, wage and social debts -€76,182
down €76,182 (-81.9%), from €93,055 to €16,873
- Financial income -€171,251
down €171,251 (-93.6%), from €183,016 to €11,765
- Gross operating margin -€30,039
down €30,039 (-20.0%), from €150,311 to €120,271
- Taxes -€26,042
down €26,042 (-46.4%), from €56,090 to €30,048
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 | €1,141,287 | €1,160,538 | +€19,250 | +1.7% |
| Fixed assets | 21/28 | €73,667 | €59,206 | -€14,461 | -19.6% |
| Tangible fixed assets | 22/27 | €73,667 | €59,206 | -€14,461 | -19.6% |
| Furniture and vehicles | 24 | €73,667 | €53,906 | -€19,761 | -26.8% |
| Other tangible fixed assets | 26 | - | €5,300 | +€5,300 | |
| Current assets | 29/58 | €1,067,621 | €1,101,332 | +€33,711 | +3.2% |
| Amounts receivable within one year | 40/41 | €68,902 | €76,882 | +€7,980 | +11.6% |
| Trade receivables | 40 | €64,266 | €70,921 | +€6,655 | +10.4% |
| Other amounts receivable | 41 | €4,636 | €5,961 | +€1,325 | +28.6% |
| Current investments | 50/53 | €817,127 | €912,010 | +€94,883 | +11.6% |
| Cash at bank and in hand | 54/58 | €180,646 | €111,646 | -€69,000 | -38.2% |
| Deferred charges and accrued income | 490/1 | €946 | €794 | -€152 | -16.1% |
| Total equity and liabilities | 10/49 | €1,141,287 | €1,160,538 | +€19,250 | +1.7% |
| Equity | 10/15 | €1,006,773 | €771,144 | -€235,629 | -23.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €892,755 | €657,126 | -€235,629 | -26.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €886,605 | €650,976 | -€235,629 | -26.6% |
| Profit (loss) carried forward | 14 | €52,518 | €52,518 | = | 0.0% |
| Amounts payable | 17/49 | €134,514 | €389,394 | +€254,879 | +189.5% |
| Amounts payable within one year | 42/48 | €134,374 | €389,311 | +€254,937 | +189.7% |
| Trade debts | 44 | €346 | €5,982 | +€5,636 | +1628.2% |
| Suppliers | 440/4 | €346 | €5,982 | +€5,636 | +1628.2% |
| Taxes, remuneration and social security | 45 | €93,055 | €16,873 | -€76,182 | -81.9% |
| Taxes | 450/3 | €93,055 | €16,873 | -€76,182 | -81.9% |
| Other amounts payable | 47/48 | €40,973 | €366,456 | +€325,483 | +794.4% |
| Accrued charges and deferred income | 492/3 | €141 | €83 | -€58 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,751 | €19,761 | +€10 | +0.1% |
| Other operating charges | 640/8 | €1,014 | €1,043 | +€29 | +2.8% |
| Gross operating margin | 9900 | €150,311 | €120,271 | -€30,039 | -20.0% |
| Operating profit (loss) | 9901 | €129,546 | €99,468 | -€30,078 | -23.2% |
| Financial income | 75/76B | €183,016 | €11,765 | -€171,251 | -93.6% |
| Recurring financial income | 75 | €183,016 | €11,765 | -€171,251 | -93.6% |
| Financial charges | 65/66B | €533 | €1,090 | +€557 | +104.5% |
| Recurring financial charges | 65 | €533 | €1,090 | +€557 | +104.5% |
| Profit (loss) for the period before taxes | 9903 | €312,029 | €110,143 | -€201,886 | -64.7% |
| Income taxes | 67/77 | €56,090 | €30,048 | -€26,042 | -46.4% |
| Profit (loss) for the period | 9904 | €255,939 | €80,095 | -€175,844 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €255,939 | €80,095 | -€175,844 | -68.7% |
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 10 October 2026 via checked.be.