BPK DEVELOPMENTS: 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.
BPK DEVELOPMENTS
Largest movements
- Financial fixed assets -€245,000
down €245,000 (-100%), from €245,000 to €0
- Tangible fixed assets -€158,533
down €158,533 (-8.1%), from €2.0m to €1.8m
of which Land and buildings: -€113,333
- Debts after one year -€1.3m
down €1.3m (-82.9%), from €1.6m to €264,620
- Reserves +€905,010
up €905,010 (+216%), from €418,994 to €1.3m
of which Distributable reserves: +€905,010
- Financial income +€840,380
new in 2025: €840,380
of which Financial income: +€840,380
- Financial charges -€21,449
down €21,449 (-52.8%), from €40,588 to €19,140
- Gross operating margin -€10,173
down €10,173 (-3.7%), from €275,749 to €265,576
- Depreciation +€6,528
up €6,528 (+4.3%), from €152,005 to €158,533
- Taxes +€4,142
up €4,142 (+25.3%), from €16,393 to €20,535
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 | €2,278,158 | €1,899,524 | -€378,634 | -16.6% |
| Fixed assets | 21/28 | €2,200,216 | €1,796,683 | -€403,533 | -18.3% |
| Tangible fixed assets | 22/27 | €1,955,216 | €1,796,683 | -€158,533 | -8.1% |
| Land and buildings | 22 | €1,750,115 | €1,636,782 | -€113,333 | -6.5% |
| Furniture and vehicles | 24 | €205,101 | €159,901 | -€45,200 | -22.0% |
| Financial fixed assets | 28 | €245,000 | €0 | -€245,000 | -100% |
| Current assets | 29/58 | €77,942 | €102,841 | +€24,899 | +31.9% |
| Amounts receivable within one year | 40/41 | €36,976 | €54,460 | +€17,484 | +47.3% |
| Trade receivables | 40 | €21,372 | €45,752 | +€24,379 | +114% |
| Other amounts receivable | 41 | €15,603 | €8,709 | -€6,895 | -44.2% |
| Cash at bank and in hand | 54/58 | €35,351 | €42,026 | +€6,675 | +18.9% |
| Deferred charges and accrued income | 490/1 | €5,615 | €6,355 | +€740 | +13.2% |
| Total equity and liabilities | 10/49 | €2,278,158 | €1,899,524 | -€378,634 | -16.6% |
| Equity | 10/15 | €718,994 | €1,624,004 | +€905,010 | +126% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €418,994 | €1,324,004 | +€905,010 | +216% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €388,994 | €1,294,004 | +€905,010 | +233% |
| Amounts payable | 17/49 | €1,559,164 | €275,520 | -€1.3m | -82.3% |
| Amounts payable after more than one year | 17 | €1,550,000 | €264,620 | -€1.3m | -82.9% |
| Financial debts | 170/4 | €1,550,000 | €264,620 | -€1.3m | -82.9% |
| Amounts payable within one year | 42/48 | €9,164 | €10,899 | +€1,735 | +18.9% |
| Trade debts | 44 | €9,164 | €1,766 | -€7,398 | -80.7% |
| Suppliers | 440/4 | €9,164 | €1,766 | -€7,398 | -80.7% |
| Taxes, remuneration and social security | 45 | - | €9,133 | +€9,133 | |
| Taxes | 450/3 | - | €9,133 | +€9,133 | |
| Non-recurring operating income | 76A | €1,262 | €0 | -€1,262 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,005 | €158,533 | +€6,528 | +4.3% |
| Other operating charges | 640/8 | €4,426 | €2,738 | -€1,689 | -38.1% |
| Non-recurring operating charges | 66A | €4,084 | €0 | -€4,084 | -100% |
| Gross operating margin | 9900 | €275,749 | €265,576 | -€10,173 | -3.7% |
| Operating profit (loss) | 9901 | €115,234 | €104,305 | -€10,929 | -9.5% |
| Financial income | 75/76B | - | €840,380 | +€840,380 | |
| Recurring financial income | 75 | - | €840,380 | +€840,380 | |
| Non-recurring financial income | 76B | - | €840,380 | +€840,380 | |
| Financial charges | 65/66B | €40,588 | €19,140 | -€21,449 | -52.8% |
| Recurring financial charges | 65 | €40,588 | €19,140 | -€21,449 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €74,646 | €925,546 | +€850,900 | +1,140% |
| Income taxes | 67/77 | €16,393 | €20,535 | +€4,142 | +25.3% |
| Profit (loss) for the period | 9904 | €58,253 | €905,010 | +€846,758 | +1,454% |
| Profit (loss) for the period to be appropriated | 9905 | €58,253 | €905,010 | +€846,758 | +1,454% |
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 23 October 2026 via checked.be.