BSP Technics: 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 Technics
Largest movements
- Receivables within one year +€77,324
up €77,324 (+487%), from €15,879 to €93,203
of which Trade receivables: +€61,201
- Stocks and contracts +€73,299
up €73,299 (+70.0%), from €104,660 to €177,959
- Tangible fixed assets -€37,762
down €37,762 (-5.9%), from €639,923 to €602,161
- Cash -€16,495
down €16,495 (-58.5%), from €28,200 to €11,705
mainly Receivables within one year (-€77,324) and Stocks and contracts (-€73,299)
- Trade debts +€70,521
up €70,521 (+939%), from €7,509 to €78,030
- Debts after one year +€24,236
up €24,236 (+5.9%), from €413,843 to €438,078
- Other debts -€14,946
down €14,946 (-13.0%), from €114,929 to €99,983
- Current portion of long-term debt +€12,465
up €12,465 (+35.0%), from €35,611 to €48,075
- Gross operating margin -€32,377
down €32,377 (-33.1%), from €97,849 to €65,472
- Depreciation -€13,965
down €13,965 (-25.5%), from €54,708 to €40,743
- Staff costs -€10,179
down €10,179 (-62.2%), from €16,364 to €6,185
- Financial charges +€4,643
up €4,643 (+53.2%), from €8,722 to €13,366
- Taxes +€2,800
up €2,800, from -€1,078 to €1,723
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 | €788,662 | €885,027 | +€96,366 | +12.2% |
| Fixed assets | 21/28 | €639,923 | €602,161 | -€37,762 | -5.9% |
| Tangible fixed assets | 22/27 | €639,923 | €602,161 | -€37,762 | -5.9% |
| Land and buildings | 22 | €569,467 | €551,914 | -€17,553 | -3.1% |
| Plant, machinery and equipment | 23 | €25,446 | €17,827 | -€7,620 | -29.9% |
| Furniture and vehicles | 24 | €33,414 | €23,387 | -€10,027 | -30.0% |
| Other tangible fixed assets | 26 | €11,595 | €9,033 | -€2,562 | -22.1% |
| Current assets | 29/58 | €148,739 | €282,867 | +€134,128 | +90.2% |
| Stocks and contracts in progress | 3 | €104,660 | €177,959 | +€73,299 | +70.0% |
| Stocks | 30/36 | €104,660 | €177,959 | +€73,299 | +70.0% |
| Amounts receivable within one year | 40/41 | €15,879 | €93,203 | +€77,324 | +487% |
| Trade receivables | 40 | €9,014 | €70,215 | +€61,201 | +679% |
| Other amounts receivable | 41 | €6,865 | €22,988 | +€16,123 | +235% |
| Cash at bank and in hand | 54/58 | €28,200 | €11,705 | -€16,495 | -58.5% |
| Total equity and liabilities | 10/49 | €788,662 | €885,027 | +€96,366 | +12.2% |
| Equity | 10/15 | €204,594 | €207,202 | +€2,608 | +1.3% |
| Contributions | 10/11 | €39,585 | €39,585 | = | 0.0% |
| Reserves | 13 | €136,129 | €138,736 | +€2,608 | +1.9% |
| Distributable reserves | 133 | €136,129 | €138,736 | +€2,608 | +1.9% |
| Profit (loss) carried forward | 14 | €28,880 | €28,880 | = | 0.0% |
| Amounts payable | 17/49 | €584,068 | €677,826 | +€93,758 | +16.1% |
| Amounts payable after more than one year | 17 | €413,843 | €438,078 | +€24,236 | +5.9% |
| Financial debts | 170/4 | €413,843 | €438,078 | +€24,236 | +5.9% |
| Amounts payable within one year | 42/48 | €170,225 | €239,747 | +€69,523 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €35,611 | €48,075 | +€12,465 | +35.0% |
| Trade debts | 44 | €7,509 | €78,030 | +€70,521 | +939% |
| Suppliers | 440/4 | €7,509 | €78,030 | +€70,521 | +939% |
| Taxes, remuneration and social security | 45 | €12,177 | €13,659 | +€1,483 | +12.2% |
| Taxes | 450/3 | €5,837 | €7,560 | +€1,723 | +29.5% |
| Remuneration and social security | 454/9 | €6,339 | €6,099 | -€240 | -3.8% |
| Other amounts payable | 47/48 | €114,929 | €99,983 | -€14,946 | -13.0% |
| Remuneration, social security and pensions | 62 | €16,364 | €6,185 | -€10,179 | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,708 | €40,743 | -€13,965 | -25.5% |
| Other operating charges | 640/8 | €1,943 | €2,151 | +€208 | +10.7% |
| Gross operating margin | 9900 | €97,849 | €65,472 | -€32,377 | -33.1% |
| Operating profit (loss) | 9901 | €24,834 | €16,393 | -€8,441 | -34.0% |
| Financial income | 75/76B | €1,681 | €1,302 | -€378 | -22.5% |
| Recurring financial income | 75 | €1,681 | €1,302 | -€378 | -22.5% |
| Financial charges | 65/66B | €8,722 | €13,366 | +€4,643 | +53.2% |
| Recurring financial charges | 65 | €8,722 | €13,366 | +€4,643 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €17,793 | €4,330 | -€13,463 | -75.7% |
| Income taxes | 67/77 | -€1,078 | €1,723 | +€2,800 | |
| Profit (loss) for the period | 9904 | €18,871 | €2,608 | -€16,263 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,871 | €2,608 | -€16,263 | -86.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.