BPS26: 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.
BPS26
Largest movements
- Tangible fixed assets -€62,946
down €62,946 (-5.2%), from €1.2m to €1.2m
of which Land and buildings: -€43,302
- Cash -€45,993
down €45,993 (-91.3%), from €50,391 to €4,399
mainly Debts after one year (-€91,383) and Net result for the year (-€14,852)
- Debts after one year -€91,383
down €91,383 (-7.0%), from €1.3m to €1.2m
of which Financial debts: -€102,886
- Profit (loss) carried forward -€14,852
down €14,852 (-6.0%), from -€248,652 to -€263,504
- Gross operating margin -€27,864
down €27,864 (-18.4%), from €151,449 to €123,585
- Staff costs -€4,015
down €4,015 (-9.9%), from €40,647 to €36,632
- Depreciation +€2,174
up €2,174 (+2.9%), from €75,453 to €77,628
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 | €1,279,046 | €1,174,195 | -€104,852 | -8.2% |
| Fixed assets | 21/28 | €1,220,258 | €1,157,313 | -€62,946 | -5.2% |
| Tangible fixed assets | 22/27 | €1,220,008 | €1,157,063 | -€62,946 | -5.2% |
| Land and buildings | 22 | €1,113,900 | €1,070,598 | -€43,302 | -3.9% |
| Plant, machinery and equipment | 23 | €26,980 | €15,295 | -€11,685 | -43.3% |
| Furniture and vehicles | 24 | €79,128 | €71,170 | -€7,958 | -10.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €58,788 | €16,882 | -€41,906 | -71.3% |
| Amounts receivable within one year | 40/41 | €8,397 | €12,483 | +€4,087 | +48.7% |
| Trade receivables | 40 | €8,397 | €12,453 | +€4,056 | +48.3% |
| Other amounts receivable | 41 | - | €30 | +€30 | |
| Cash at bank and in hand | 54/58 | €50,391 | €4,399 | -€45,993 | -91.3% |
| Total equity and liabilities | 10/49 | €1,279,046 | €1,174,195 | -€104,852 | -8.2% |
| Equity | 10/15 | -€118,652 | -€133,504 | -€14,852 | -12.5% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€248,652 | -€263,504 | -€14,852 | -6.0% |
| Amounts payable | 17/49 | €1,397,699 | €1,307,699 | -€90,000 | -6.4% |
| Amounts payable after more than one year | 17 | €1,309,372 | €1,217,990 | -€91,383 | -7.0% |
| Financial debts | 170/4 | €813,906 | €711,020 | -€102,886 | -12.6% |
| Other amounts payable | 178/9 | €495,467 | €506,970 | +€11,503 | +2.3% |
| Amounts payable within one year | 42/48 | €87,576 | €89,709 | +€2,133 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €52,103 | €52,886 | +€783 | +1.5% |
| Trade debts | 44 | €6,659 | €12,611 | +€5,951 | +89.4% |
| Suppliers | 440/4 | €6,659 | €12,611 | +€5,951 | +89.4% |
| Taxes, remuneration and social security | 45 | €14,513 | €11,194 | -€3,319 | -22.9% |
| Taxes | 450/3 | €8,395 | €5,355 | -€3,040 | -36.2% |
| Remuneration and social security | 454/9 | €6,119 | €5,839 | -€279 | -4.6% |
| Other amounts payable | 47/48 | €14,301 | €13,018 | -€1,283 | -9.0% |
| Accrued charges and deferred income | 492/3 | €750 | €0 | -€750 | -100% |
| Non-recurring operating income | 76A | €11,746 | €0 | -€11,746 | -100% |
| Remuneration, social security and pensions | 62 | €40,647 | €36,632 | -€4,015 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,453 | €77,628 | +€2,174 | +2.9% |
| Other operating charges | 640/8 | €6,715 | €6,523 | -€192 | -2.9% |
| Gross operating margin | 9900 | €151,449 | €123,585 | -€27,864 | -18.4% |
| Operating profit (loss) | 9901 | €28,634 | €2,803 | -€25,831 | -90.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €18,030 | €17,655 | -€375 | -2.1% |
| Recurring financial charges | 65 | €18,030 | €17,655 | -€375 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €10,604 | -€14,852 | -€25,456 | |
| Income taxes | 67/77 | -€44 | €0 | +€44 | |
| Profit (loss) for the period | 9904 | €10,648 | -€14,852 | -€25,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,648 | -€14,852 | -€25,500 |
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 20 October 2026 via checked.be.