B & A PROJECT-BEHEER: 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.
B & A PROJECT-BEHEER
Largest movements
- Cash -€3,162
down €3,162 (-21.6%), from €14,614 to €11,453
mainly Net result for the year (-€5,573) and Receivables within one year (-€2,875)
- Receivables within one year +€2,875
up €2,875 (+7.8%), from €36,777 to €39,652
of which Trade receivables: +€2,886
- Profit (loss) carried forward -€5,573
down €5,573 (-0.6%), from -€1.0m to -€1.0m
- Trade debts +€4,386
up €4,386 (+24.5%), from €17,936 to €22,321
- Taxes -€5,338
no longer reported in 2025 (was €5,338)
- Financial charges -€896
down €896 (-75.3%), from €1,190 to €294
- Gross operating margin +€227
up €227 (+5.0%), from -€4,551 to -€4,324
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 | €158,657 | €157,470 | -€1,187 | -0.7% |
| Fixed assets | 21/28 | €107,265 | €106,365 | -€900 | -0.8% |
| Tangible fixed assets | 22/27 | €29,200 | €28,300 | -€900 | -3.1% |
| Land and buildings | 22 | €29,200 | €28,300 | -€900 | -3.1% |
| Financial fixed assets | 28 | €78,065 | €78,065 | = | 0.0% |
| Current assets | 29/58 | €51,392 | €51,105 | -€287 | -0.6% |
| Amounts receivable within one year | 40/41 | €36,777 | €39,652 | +€2,875 | +7.8% |
| Trade receivables | 40 | €32,205 | €35,091 | +€2,886 | +9.0% |
| Other amounts receivable | 41 | €4,573 | €4,561 | -€12 | -0.3% |
| Cash at bank and in hand | 54/58 | €14,614 | €11,453 | -€3,162 | -21.6% |
| Total equity and liabilities | 10/49 | €158,657 | €157,470 | -€1,187 | -0.7% |
| Equity | 10/15 | -€271,469 | -€277,041 | -€5,573 | -2.1% |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Capital | 10 | €81,805 | €81,805 | = | 0.0% |
| Issued capital | 100 | €81,805 | €81,805 | = | 0.0% |
| Revaluation surpluses | 12 | €659,265 | €659,265 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,012,538 | -€1,018,111 | -€5,573 | -0.6% |
| Amounts payable | 17/49 | €430,126 | €434,511 | +€4,386 | +1.0% |
| Amounts payable after more than one year | 17 | €364,886 | €364,886 | = | 0.0% |
| Financial debts | 170/4 | €364,886 | €364,886 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,791 | €58,177 | +€4,386 | +8.2% |
| Financial debts | 43 | €4 | €4 | = | 0.0% |
| Credit institutions | 430/8 | €4 | €4 | = | 0.0% |
| Trade debts | 44 | €17,936 | €22,321 | +€4,386 | +24.5% |
| Suppliers | 440/4 | €17,936 | €22,321 | +€4,386 | +24.5% |
| Advances received on contracts in progress | 46 | €35,851 | €35,851 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11,449 | €11,449 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900 | €900 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€4,551 | -€4,324 | +€227 | +5.0% |
| Operating profit (loss) | 9901 | -€5,513 | -€5,286 | +€227 | +4.1% |
| Financial income | 75/76B | €4 | €7 | +€3 | +75.8% |
| Recurring financial income | 75 | €4 | €7 | +€3 | +75.8% |
| Financial charges | 65/66B | €1,190 | €294 | -€896 | -75.3% |
| Recurring financial charges | 65 | €1,190 | €294 | -€896 | -75.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,699 | -€5,573 | +€1,127 | +16.8% |
| Income taxes | 67/77 | €5,338 | - | -€5,338 | |
| Profit (loss) for the period | 9904 | -€12,037 | -€5,573 | +€6,464 | +53.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,037 | -€5,573 | +€6,464 | +53.7% |
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.