BSPT: what changed
Two fiscal 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.
BSPT
Largest movements
- Receivables within one year +€117,012
up €117,012 (+117.1%), from €99,935 to €216,947
of which Trade receivables: +€75,568
- Cash +€6,649
up €6,649 (+29.7%), from €22,380 to €29,028
mainly Net result for the year (+€72,694) and Trade debts (+€22,971)
- Reserves +€72,691
up €72,691 (+136.5%), from €53,255 to €125,945
- Trade debts +€22,971
up €22,971 (+53.2%), from €43,144 to €66,114
- Tax, wage and social debts +€18,872
up €18,872 (+123.3%), from €15,302 to €34,174
- Other debts +€11,163
up €11,163 (+129.8%), from €8,600 to €19,763
- Gross operating margin +€88,498
up €88,498 (+168.7%), from €52,443 to €140,941
- Staff costs +€21,762
new in 2025: €21,762
- Taxes +€18,887
up €18,887 (+110.1%), from €17,158 to €36,045
- Financial charges +€4,972
up €4,972 (+139.5%), from €3,565 to €8,537
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 | €122,315 | €248,015 | +€125,700 | +102.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €2,039 | +€2,039 | |
| Tangible fixed assets | 22/27 | - | €2,039 | +€2,039 | |
| Plant, machinery and equipment | 23 | - | €2,039 | +€2,039 | |
| Current assets | 29/58 | €122,315 | €245,976 | +€123,660 | +101.1% |
| Amounts receivable within one year | 40/41 | €99,935 | €216,947 | +€117,012 | +117.1% |
| Trade receivables | 40 | €21,801 | €97,369 | +€75,568 | +346.6% |
| Other amounts receivable | 41 | €78,134 | €119,578 | +€41,444 | +53.0% |
| Cash at bank and in hand | 54/58 | €22,380 | €29,028 | +€6,649 | +29.7% |
| Total equity and liabilities | 10/49 | €122,315 | €248,015 | +€125,700 | +102.8% |
| Equity | 10/15 | €55,270 | €127,964 | +€72,694 | +131.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €53,255 | €125,945 | +€72,691 | +136.5% |
| Distributable reserves | 133 | €53,255 | €125,945 | +€72,691 | +136.5% |
| Profit (loss) carried forward | 14 | €15 | €19 | +€3 | +22.7% |
| Amounts payable | 17/49 | €67,045 | €120,051 | +€53,005 | +79.1% |
| Amounts payable within one year | 42/48 | €67,045 | €120,051 | +€53,005 | +79.1% |
| Trade debts | 44 | €43,144 | €66,114 | +€22,971 | +53.2% |
| Suppliers | 440/4 | €43,144 | €66,114 | +€22,971 | +53.2% |
| Taxes, remuneration and social security | 45 | €15,302 | €34,174 | +€18,872 | +123.3% |
| Taxes | 450/3 | €15,302 | €34,174 | +€18,872 | +123.3% |
| Other amounts payable | 47/48 | €8,600 | €19,763 | +€11,163 | +129.8% |
| Remuneration, social security and pensions | 62 | - | €21,762 | +€21,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €123 | +€123 | |
| Other operating charges | 640/8 | €979 | €1,788 | +€809 | +82.6% |
| Gross operating margin | 9900 | €52,443 | €140,941 | +€88,498 | +168.7% |
| Operating profit (loss) | 9901 | €51,464 | €117,268 | +€65,804 | +127.9% |
| Financial income | 75/76B | €287 | €9 | -€278 | -97.0% |
| Recurring financial income | 75 | €287 | €9 | -€278 | -97.0% |
| Financial charges | 65/66B | €3,565 | €8,537 | +€4,972 | +139.5% |
| Recurring financial charges | 65 | €3,565 | €8,537 | +€4,972 | +139.5% |
| Profit (loss) for the period before taxes | 9903 | €48,186 | €108,740 | +€60,554 | +125.7% |
| Income taxes | 67/77 | €17,158 | €36,045 | +€18,887 | +110.1% |
| Profit (loss) for the period | 9904 | €31,028 | €72,694 | +€41,667 | +134.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,028 | €72,694 | +€41,667 | +134.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.