BPSH: 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.
BPSH
Largest movements
- Stocks and contracts -€74,963
down €74,963 (-65.7%), from €114,168 to €39,205
- Receivables within one year +€43,958
up €43,958 (+194.7%), from €22,580 to €66,538
of which Trade receivables: +€34,119
- Cash +€19,389
up €19,389 (+39.3%), from €49,395 to €68,783
mainly Stocks and contracts (+€74,963) and Depreciation (+€16,562)
- Intangible fixed assets -€15,000
down €15,000 (-19.0%), from €79,151 to €64,151
- Deferred charges and accrued income +€6,385
up €6,385 (+304.6%), from €2,096 to €8,481
- Other debts -€25,246
no longer reported in 2024 (was €25,246)
- Debts after one year -€18,586
down €18,586 (-70.1%), from €26,504 to €7,918
- Profit (loss) carried forward +€11,188
up €11,188 (+15.5%), from €72,147 to €83,334
- Trade debts +€5,745
up €5,745 (+11.7%), from €49,195 to €54,940
- Tax, wage and social debts +€4,807
up €4,807 (+152.1%), from €3,160 to €7,967
of which Taxes: +€7,967
- Staff costs +€8,453
up €8,453 (+49.7%), from €16,995 to €25,448
- Taxes -€4,968
down €4,968 (-74.2%), from €6,697 to €1,729
- Gross operating margin -€2,563
down €2,563 (-4.2%), from €60,857 to €58,294
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,188 | €249,394 | -€21,794 | -8.0% |
| Fixed assets | 21/28 | €82,949 | €66,387 | -€16,562 | -20.0% |
| Intangible fixed assets | 21 | €79,151 | €64,151 | -€15,000 | -19.0% |
| Tangible fixed assets | 22/27 | €3,738 | €2,176 | -€1,562 | -41.8% |
| Plant, machinery and equipment | 23 | €1,372 | €768 | -€604 | -44.0% |
| Furniture and vehicles | 24 | €2,366 | €1,408 | -€958 | -40.5% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €188,239 | €183,008 | -€5,231 | -2.8% |
| Stocks and contracts in progress | 3 | €114,168 | €39,205 | -€74,963 | -65.7% |
| Stocks | 30/36 | €114,168 | €39,205 | -€74,963 | -65.7% |
| Amounts receivable within one year | 40/41 | €22,580 | €66,538 | +€43,958 | +194.7% |
| Trade receivables | 40 | €5,476 | €39,595 | +€34,119 | +623.1% |
| Other amounts receivable | 41 | €17,104 | €26,944 | +€9,840 | +57.5% |
| Cash at bank and in hand | 54/58 | €49,395 | €68,783 | +€19,389 | +39.3% |
| Deferred charges and accrued income | 490/1 | €2,096 | €8,481 | +€6,385 | +304.6% |
| Total equity and liabilities | 10/49 | €271,188 | €249,394 | -€21,794 | -8.0% |
| Equity | 10/15 | €140,462 | €151,650 | +€11,188 | +8.0% |
| 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 | €3,315 | €3,315 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,315 | €3,315 | = | 0.0% |
| Legal reserve | 130 | €3,315 | €3,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,147 | €83,334 | +€11,188 | +15.5% |
| Amounts payable | 17/49 | €130,726 | €97,745 | -€32,981 | -25.2% |
| Amounts payable after more than one year | 17 | €26,504 | €7,918 | -€18,586 | -70.1% |
| Financial debts | 170/4 | €26,504 | €7,918 | -€18,586 | -70.1% |
| Amounts payable within one year | 42/48 | €104,222 | €89,826 | -€14,395 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €26,620 | €26,919 | +€299 | +1.1% |
| Trade debts | 44 | €49,195 | €54,940 | +€5,745 | +11.7% |
| Suppliers | 440/4 | €49,195 | €54,940 | +€5,745 | +11.7% |
| Taxes, remuneration and social security | 45 | €3,160 | €7,967 | +€4,807 | +152.1% |
| Taxes | 450/3 | - | €7,967 | +€7,967 | |
| Remuneration and social security | 454/9 | €3,160 | €0 | -€3,160 | -100.0% |
| Other amounts payable | 47/48 | €25,246 | - | -€25,246 | |
| Remuneration, social security and pensions | 62 | €16,995 | €25,448 | +€8,453 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,785 | €16,562 | -€223 | -1.3% |
| Other operating charges | 640/8 | €1,214 | €730 | -€485 | -39.9% |
| Gross operating margin | 9900 | €60,857 | €58,294 | -€2,563 | -4.2% |
| Operating profit (loss) | 9901 | €25,863 | €15,554 | -€10,309 | -39.9% |
| Financial income | 75/76B | €47 | €3 | -€44 | -93.3% |
| Recurring financial income | 75 | €47 | €3 | -€44 | -93.3% |
| Non-recurring financial income | 76B | €47 | €3 | -€44 | -93.3% |
| Financial charges | 65/66B | €2,906 | €2,640 | -€266 | -9.1% |
| Recurring financial charges | 65 | €2,906 | €2,640 | -€266 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €23,004 | €12,917 | -€10,087 | -43.8% |
| Income taxes | 67/77 | €6,697 | €1,729 | -€4,968 | -74.2% |
| Profit (loss) for the period | 9904 | €16,306 | €11,188 | -€5,119 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,306 | €11,188 | -€5,119 | -31.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.