BSP: 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.
BSP
Largest movements
- Cash -€13,702
down €13,702 (-93.0%), from €14,740 to €1,038
mainly Receivables within one year (-€11,510) and Debts after one year (-€4,599)
- Receivables within one year +€11,510
up €11,510 (+12.2%), from €94,629 to €106,139
of which Trade receivables: +€12,594
- Intangible fixed assets -€1,956
down €1,956 (-100.0%), from €1,956 to €0
- Deferred charges and accrued income -€1,950
down €1,950 (-100.0%), from €1,950 to €0
- Tax, wage and social debts +€5,845
up €5,845 (+68.4%), from €8,543 to €14,388
- Debts after one year -€4,599
down €4,599 (-100.0%), from €4,599 to €0
- Profit (loss) carried forward -€4,029
down €4,029 (-20.2%), from €19,903 to €15,874
- Current portion of long-term debt -€2,919
down €2,919 (-36.0%), from €8,110 to €5,191
- Financial income +€3,786
up €3,786 (+1205.6%), from €314 to €4,100
- Depreciation -€2,584
down €2,584 (-30.1%), from €8,570 to €5,987
- Other operating charges +€2,195
up €2,195 (+124.0%), from €1,770 to €3,964
- Gross operating margin +€1,184
up €1,184 (+7.6%), from €15,510 to €16,694
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 | €141,012 | €135,375 | -€5,638 | -4.0% |
| Fixed assets | 21/28 | €29,692 | €28,198 | -€1,495 | -5.0% |
| Intangible fixed assets | 21 | €1,956 | €0 | -€1,956 | -100.0% |
| Tangible fixed assets | 22/27 | €27,737 | €28,198 | +€461 | +1.7% |
| Land and buildings | 22 | €5,165 | €5,165 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,205 | €7,977 | -€2,228 | -21.8% |
| Furniture and vehicles | 24 | €5,428 | €0 | -€5,428 | -100.0% |
| Other tangible fixed assets | 26 | €6,939 | €15,056 | +€8,117 | +117.0% |
| Current assets | 29/58 | €111,320 | €107,177 | -€4,143 | -3.7% |
| Amounts receivable within one year | 40/41 | €94,629 | €106,139 | +€11,510 | +12.2% |
| Trade receivables | 40 | €18,734 | €31,328 | +€12,594 | +67.2% |
| Other amounts receivable | 41 | €75,895 | €74,811 | -€1,084 | -1.4% |
| Cash at bank and in hand | 54/58 | €14,740 | €1,038 | -€13,702 | -93.0% |
| Deferred charges and accrued income | 490/1 | €1,950 | €0 | -€1,950 | -100.0% |
| Total equity and liabilities | 10/49 | €141,012 | €135,375 | -€5,638 | -4.0% |
| Equity | 10/15 | €61,210 | €57,181 | -€4,029 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,707 | €22,707 | = | 0.0% |
| Tax-exempt reserves | 132 | €268 | €268 | = | 0.0% |
| Distributable reserves | 133 | €22,439 | €22,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,903 | €15,874 | -€4,029 | -20.2% |
| Amounts payable | 17/49 | €79,802 | €78,194 | -€1,609 | -2.0% |
| Amounts payable after more than one year | 17 | €4,599 | €0 | -€4,599 | -100.0% |
| Financial debts | 170/4 | €4,599 | €0 | -€4,599 | -100.0% |
| Amounts payable within one year | 42/48 | €75,203 | €78,194 | +€2,991 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €8,110 | €5,191 | -€2,919 | -36.0% |
| Financial debts | 43 | €25,000 | €24,914 | -€86 | -0.3% |
| Other loans | 439 | €25,000 | €24,914 | -€86 | -0.3% |
| Trade debts | 44 | €31,832 | €32,647 | +€815 | +2.6% |
| Suppliers | 440/4 | €31,832 | €32,647 | +€815 | +2.6% |
| Advances received on contracts in progress | 46 | €1,719 | €1,054 | -€665 | -38.7% |
| Taxes, remuneration and social security | 45 | €8,543 | €14,388 | +€5,845 | +68.4% |
| Taxes | 450/3 | €8,543 | €14,388 | +€5,845 | +68.4% |
| Non-recurring operating income | 76A | - | €7,594 | +€7,594 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,570 | €5,987 | -€2,584 | -30.1% |
| Other operating charges | 640/8 | €1,770 | €3,964 | +€2,195 | +124.0% |
| Non-recurring operating charges | 66A | - | €9,775 | +€9,775 | |
| Gross operating margin | 9900 | €15,510 | €16,694 | +€1,184 | +7.6% |
| Operating profit (loss) | 9901 | €5,170 | -€3,032 | -€8,202 | |
| Financial income | 75/76B | €314 | €4,100 | +€3,786 | +1205.6% |
| Recurring financial income | 75 | €314 | €4,100 | +€3,786 | +1205.6% |
| Financial charges | 65/66B | €4,031 | €4,125 | +€94 | +2.3% |
| Recurring financial charges | 65 | €4,031 | €4,125 | +€94 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €1,453 | -€3,057 | -€4,510 | |
| Income taxes | 67/77 | €1,057 | €972 | -€85 | -8.1% |
| Profit (loss) for the period | 9904 | €395 | -€4,029 | -€4,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €395 | -€4,029 | -€4,424 |
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 11 October 2026 via checked.be.