3B PROJECTBOUW: 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.
3B PROJECTBOUW
Largest movements
- Cash -€2.8m
down €2.8m (-95.6%), from €2.9m to €127,330
mainly Contributions, distributions and other (-€1.4m) and Stocks and contracts (-€730,424)
- Stocks and contracts +€730,424
up €730,424 (+30.8%), from €2.4m to €3.1m
- Reserves -€1.3m
down €1.3m (-17.6%), from €7.6m to €6.2m
- Tax, wage and social debts -€631,770
down €631,770 (-98.5%), from €641,398 to €9,628
of which Taxes: -€625,011
- Financial income -€6.4m
down €6.4m (-97.8%), from €6.6m to €144,860
of which Financial income: -€4.5m
- Taxes -€621,173
down €621,173 (-93.3%), from €666,107 to €44,933
- Gross operating margin -€281,555
down €281,555, from €279,277 to -€2,278
- Depreciation -€43,537
no longer reported in 2025 (was €43,537)
- Financial charges -€9,785
down €9,785 (-99.2%), from €9,862 to €76
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 | €8,873,335 | €6,889,647 | -€2.0m | -22.4% |
| Fixed assets | 21/28 | €600,000 | €600,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €600,000 | €600,000 | = | 0.0% |
| Land and buildings | 22 | €600,000 | €600,000 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €8,273,335 | €6,289,647 | -€2.0m | -24.0% |
| Amounts receivable after more than one year | 29 | €3,000,000 | €3,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,000,000 | €3,000,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,371,314 | €3,101,738 | +€730,424 | +30.8% |
| Stocks | 30/36 | €2,371,314 | €3,101,738 | +€730,424 | +30.8% |
| Amounts receivable within one year | 40/41 | €18,905 | €8,925 | -€9,980 | -52.8% |
| Trade receivables | 40 | €425 | €425 | = | 0.0% |
| Other amounts receivable | 41 | €18,480 | €8,500 | -€9,980 | -54.0% |
| Current investments | 50/53 | - | €51,624 | +€51,624 | |
| Cash at bank and in hand | 54/58 | €2,877,387 | €127,330 | -€2.8m | -95.6% |
| Deferred charges and accrued income | 490/1 | €5,730 | €30 | -€5,699 | -99.5% |
| Total equity and liabilities | 10/49 | €8,873,335 | €6,889,647 | -€2.0m | -22.4% |
| Equity | 10/15 | €8,215,666 | €6,879,184 | -€1.3m | -16.3% |
| Contributions | 10/11 | €642,174 | €642,174 | = | 0.0% |
| Reserves | 13 | €7,573,492 | €6,237,010 | -€1.3m | -17.6% |
| Distributable reserves | 133 | €7,573,492 | €6,237,010 | -€1.3m | -17.6% |
| Amounts payable | 17/49 | €657,669 | €10,464 | -€647,205 | -98.4% |
| Amounts payable within one year | 42/48 | €656,510 | €9,628 | -€646,882 | -98.5% |
| Trade debts | 44 | €15,112 | - | -€15,112 | |
| Suppliers | 440/4 | €15,112 | - | -€15,112 | |
| Taxes, remuneration and social security | 45 | €641,398 | €9,628 | -€631,770 | -98.5% |
| Taxes | 450/3 | €634,639 | €9,628 | -€625,011 | -98.5% |
| Remuneration and social security | 454/9 | €6,759 | - | -€6,759 | |
| Accrued charges and deferred income | 492/3 | €1,159 | €836 | -€323 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,537 | - | -€43,537 | |
| Other operating charges | 640/8 | €1,169 | €1,297 | +€129 | +11.0% |
| Gross operating margin | 9900 | €279,277 | -€2,278 | -€281,555 | |
| Operating profit (loss) | 9901 | €234,571 | -€3,575 | -€238,147 | |
| Financial income | 75/76B | €6,582,131 | €144,860 | -€6.4m | -97.8% |
| Recurring financial income | 75 | €4,595,464 | €144,860 | -€4.5m | -96.8% |
| Non-recurring financial income | 76B | €1,986,667 | - | -€2.0m | |
| Financial charges | 65/66B | €9,862 | €76 | -€9,785 | -99.2% |
| Recurring financial charges | 65 | €9,862 | €76 | -€9,785 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €6,806,841 | €141,209 | -€6.7m | -97.9% |
| Income taxes | 67/77 | €666,107 | €44,933 | -€621,173 | -93.3% |
| Profit (loss) for the period | 9904 | €6,140,734 | €96,276 | -€6.0m | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,140,734 | €96,276 | -€6.0m | -98.4% |
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 21 October 2026 via checked.be.