BSPrO: 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.
BSPrO
Largest movements
- Current investments +€25,200
up €25,200 (+138%), from €18,250 to €43,450
- Tangible fixed assets +€11,613
up €11,613 (+227%), from €5,124 to €16,737
of which Plant, machinery and equipment: +€7,965
- Reserves +€36,401
up €36,401 (+52.6%), from €69,156 to €105,557
- Trade debts -€3,151
down €3,151 (-67.2%), from €4,689 to €1,538
- Tax, wage and social debts +€1,857
up €1,857 (+51.3%), from €3,623 to €5,480
of which Taxes: +€1,857
- Short-term financial debts +€1,297
up €1,297 (+460%), from €282 to €1,579
- Gross operating margin +€2,939
up €2,939 (+5.8%), from €50,998 to €53,937
- Financial charges -€1,906
down €1,906 (-78.7%), from €2,422 to €516
- Depreciation +€1,794
up €1,794 (+69.1%), from €2,596 to €4,391
- Taxes +€644
up €644 (+6.4%), from €10,001 to €10,644
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 | €83,690 | €120,022 | +€36,332 | +43.4% |
| Formation expenses | 20 | €698 | €450 | -€247 | -35.4% |
| Fixed assets | 21/28 | €5,124 | €16,737 | +€11,613 | +227% |
| Tangible fixed assets | 22/27 | €5,124 | €16,737 | +€11,613 | +227% |
| Land and buildings | 22 | €1,174 | €3,583 | +€2,410 | +205% |
| Plant, machinery and equipment | 23 | - | €7,965 | +€7,965 | |
| Furniture and vehicles | 24 | €3,950 | €5,189 | +€1,238 | +31.4% |
| Current assets | 29/58 | €77,868 | €102,835 | +€24,967 | +32.1% |
| Amounts receivable within one year | 40/41 | €16,962 | €16,970 | +€7 | 0.0% |
| Trade receivables | 40 | €16,934 | €16,970 | +€36 | +0.2% |
| Other amounts receivable | 41 | €29 | €0 | -€29 | -100% |
| Current investments | 50/53 | €18,250 | €43,450 | +€25,200 | +138% |
| Cash at bank and in hand | 54/58 | €42,323 | €41,389 | -€934 | -2.2% |
| Deferred charges and accrued income | 490/1 | €333 | €1,027 | +€693 | +208% |
| Total equity and liabilities | 10/49 | €83,690 | €120,022 | +€36,332 | +43.4% |
| Equity | 10/15 | €72,156 | €108,557 | +€36,401 | +50.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €69,156 | €105,557 | +€36,401 | +52.6% |
| Distributable reserves | 133 | €69,156 | €105,557 | +€36,401 | +52.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,533 | €11,465 | -€69 | -0.6% |
| Amounts payable within one year | 42/48 | €11,533 | €11,465 | -€69 | -0.6% |
| Financial debts | 43 | €282 | €1,579 | +€1,297 | +460% |
| Credit institutions | 430/8 | €282 | €1,579 | +€1,297 | +460% |
| Trade debts | 44 | €4,689 | €1,538 | -€3,151 | -67.2% |
| Suppliers | 440/4 | €4,689 | €1,538 | -€3,151 | -67.2% |
| Taxes, remuneration and social security | 45 | €3,623 | €5,480 | +€1,857 | +51.3% |
| Taxes | 450/3 | €3,623 | €5,480 | +€1,857 | +51.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,940 | €2,867 | -€72 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,596 | €4,391 | +€1,794 | +69.1% |
| Other operating charges | 640/8 | €126 | €528 | +€402 | +319% |
| Gross operating margin | 9900 | €50,998 | €53,937 | +€2,939 | +5.8% |
| Operating profit (loss) | 9901 | €48,275 | €49,019 | +€743 | +1.5% |
| Financial income | 75/76B | €604 | €261 | -€343 | -56.8% |
| Recurring financial income | 75 | €604 | €261 | -€343 | -56.8% |
| Financial charges | 65/66B | €2,422 | €516 | -€1,906 | -78.7% |
| Recurring financial charges | 65 | €2,422 | €516 | -€1,906 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €46,457 | €48,763 | +€2,306 | +5.0% |
| Income taxes | 67/77 | €10,001 | €10,644 | +€644 | +6.4% |
| Profit (loss) for the period | 9904 | €36,456 | €38,119 | +€1,663 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,456 | €38,119 | +€1,663 | +4.6% |
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 19 October 2026 via checked.be.