BPS Group: 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.
BPS Group
Largest movements
- Stocks and contracts -€973,965
down €973,965 (-46.1%), from €2.1m to €1.1m
- Receivables within one year +€234,175
up €234,175 (+16.1%), from €1.5m to €1.7m
of which Other amounts receivable: +€226,463
- Other debts -€396,876
down €396,876 (-11.2%), from €3.5m to €3.1m
- Debts after one year -€381,829
no longer reported in 2025 (was €381,829)
- Tax, wage and social debts +€100,402
up €100,402 (+21825.1%), from €460 to €100,862
- Profit (loss) carried forward -€98,066
down €98,066 (-33.8%), from -€290,500 to -€388,566
- Gross operating margin +€77,010
up €77,010 (+65.8%), from -€117,011 to -€40,002
- Depreciation +€7,453
up €7,453 (+16.6%), from €44,932 to €52,385
- Other operating charges +€3,934
up €3,934 (+451.5%), from €871 to €4,805
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 | €3,778,625 | €3,003,969 | -€774,656 | -20.5% |
| Fixed assets | 21/28 | €169,668 | €174,084 | +€4,416 | +2.6% |
| Tangible fixed assets | 22/27 | €169,668 | €174,084 | +€4,416 | +2.6% |
| Plant, machinery and equipment | 23 | €5,855 | €5,021 | -€834 | -14.2% |
| Furniture and vehicles | 24 | €133,122 | €137,423 | +€4,301 | +3.2% |
| Other tangible fixed assets | 26 | €30,691 | €31,640 | +€949 | +3.1% |
| Current assets | 29/58 | €3,608,957 | €2,829,885 | -€779,072 | -21.6% |
| Stocks and contracts in progress | 3 | €2,110,984 | €1,137,019 | -€973,965 | -46.1% |
| Stocks | 30/36 | €2,110,984 | €1,137,019 | -€973,965 | -46.1% |
| Amounts receivable within one year | 40/41 | €1,456,444 | €1,690,620 | +€234,175 | +16.1% |
| Trade receivables | 40 | - | €7,712 | +€7,712 | |
| Other amounts receivable | 41 | €1,456,444 | €1,682,907 | +€226,463 | +15.5% |
| Cash at bank and in hand | 54/58 | €23,528 | €2,246 | -€21,282 | -90.5% |
| Deferred charges and accrued income | 490/1 | €18,000 | - | -€18,000 | |
| Total equity and liabilities | 10/49 | €3,778,625 | €3,003,969 | -€774,656 | -20.5% |
| Equity | 10/15 | -€141,985 | -€240,051 | -€98,066 | -69.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,915 | €129,915 | = | 0.0% |
| Distributable reserves | 133 | €129,915 | €129,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,500 | -€388,566 | -€98,066 | -33.8% |
| Amounts payable | 17/49 | €3,920,610 | €3,244,020 | -€676,590 | -17.3% |
| Amounts payable after more than one year | 17 | €381,829 | - | -€381,829 | |
| Other amounts payable | 178/9 | €381,829 | - | -€381,829 | |
| Amounts payable within one year | 42/48 | €3,538,781 | €3,244,020 | -€294,762 | -8.3% |
| Trade debts | 44 | €10,000 | €11,712 | +€1,712 | +17.1% |
| Suppliers | 440/4 | €10,000 | €11,712 | +€1,712 | +17.1% |
| Taxes, remuneration and social security | 45 | €460 | €100,862 | +€100,402 | +21825.1% |
| Taxes | 450/3 | €460 | €100,862 | +€100,402 | +21825.1% |
| Other amounts payable | 47/48 | €3,528,321 | €3,131,445 | -€396,876 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,932 | €52,385 | +€7,453 | +16.6% |
| Other operating charges | 640/8 | €871 | €4,805 | +€3,934 | +451.5% |
| Gross operating margin | 9900 | -€117,011 | -€40,002 | +€77,010 | +65.8% |
| Operating profit (loss) | 9901 | -€162,815 | -€97,192 | +€65,623 | +40.3% |
| Financial charges | 65/66B | €396 | €425 | +€29 | +7.3% |
| Recurring financial charges | 65 | €396 | €425 | +€29 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€163,211 | -€97,617 | +€65,594 | +40.2% |
| Income taxes | 67/77 | €460 | €449 | -€11 | -2.5% |
| Profit (loss) for the period | 9904 | -€163,671 | -€98,066 | +€65,605 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€163,671 | -€98,066 | +€65,605 | +40.1% |
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 30 September 2026 via checked.be.