B-J Projects: 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.
B-J Projects
Largest movements
- Tangible fixed assets +€183,348
up €183,348 (+1607.5%), from €11,406 to €194,754
of which Land and buildings: +€186,560
- Cash -€18,141
down €18,141 (-77.6%), from €23,368 to €5,227
mainly Investment in fixed assets (net) (-€186,560) and Receivables within one year (-€9,280)
- Receivables within one year +€9,280
up €9,280 (+107.3%), from €8,649 to €17,929
of which Trade receivables: +€11,169
- Other debts +€179,512
up €179,512 (+24209.3%), from €742 to €180,253
- Reserves -€5,627
down €5,627 (-15.9%), from €35,444 to €29,817
- Gross operating margin -€21,354
down €21,354 (-96.4%), from €22,152 to €798
- Taxes -€4,736
no longer reported in 2025 (was €4,736)
- Other operating charges -€3,803
down €3,803 (-95.8%), from €3,970 to €167
- Financial charges +€2,926
up €2,926 (+2435.5%), from €120 to €3,046
- Depreciation +€713
up €713 (+28.5%), from €2,499 to €3,212
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 | €43,423 | €218,175 | +€174,752 | +402.4% |
| Fixed assets | 21/28 | €11,406 | €194,754 | +€183,348 | +1607.5% |
| Tangible fixed assets | 22/27 | €11,406 | €194,754 | +€183,348 | +1607.5% |
| Land and buildings | 22 | - | €186,560 | +€186,560 | |
| Plant, machinery and equipment | 23 | €4,965 | €3,034 | -€1,931 | -38.9% |
| Furniture and vehicles | 24 | €6,440 | €5,159 | -€1,281 | -19.9% |
| Current assets | 29/58 | €32,017 | €23,421 | -€8,596 | -26.8% |
| Amounts receivable within one year | 40/41 | €8,649 | €17,929 | +€9,280 | +107.3% |
| Trade receivables | 40 | €5,491 | €16,660 | +€11,169 | +203.4% |
| Other amounts receivable | 41 | €3,158 | €1,269 | -€1,889 | -59.8% |
| Cash at bank and in hand | 54/58 | €23,368 | €5,227 | -€18,141 | -77.6% |
| Deferred charges and accrued income | 490/1 | - | €264 | +€264 | |
| Total equity and liabilities | 10/49 | €43,423 | €218,175 | +€174,752 | +402.4% |
| Equity | 10/15 | €40,444 | €34,817 | -€5,627 | -13.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,444 | €29,817 | -€5,627 | -15.9% |
| Distributable reserves | 133 | €35,444 | €29,817 | -€5,627 | -15.9% |
| Amounts payable | 17/49 | €2,979 | €183,358 | +€180,379 | +6055.2% |
| Amounts payable within one year | 42/48 | €2,979 | €183,358 | +€180,379 | +6055.2% |
| Trade debts | 44 | €359 | €1,117 | +€758 | +211.0% |
| Suppliers | 440/4 | €359 | €1,117 | +€758 | +211.0% |
| Taxes, remuneration and social security | 45 | €1,878 | €1,987 | +€109 | +5.8% |
| Taxes | 450/3 | €400 | €509 | +€109 | +27.2% |
| Remuneration and social security | 454/9 | €1,478 | €1,478 | = | 0.0% |
| Other amounts payable | 47/48 | €742 | €180,253 | +€179,512 | +24209.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,499 | €3,212 | +€713 | +28.5% |
| Other operating charges | 640/8 | €3,970 | €167 | -€3,803 | -95.8% |
| Gross operating margin | 9900 | €22,152 | €798 | -€21,354 | -96.4% |
| Operating profit (loss) | 9901 | €15,683 | -€2,581 | -€18,264 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -86.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -86.4% |
| Financial charges | 65/66B | €120 | €3,046 | +€2,926 | +2435.5% |
| Recurring financial charges | 65 | €120 | €3,046 | +€2,926 | +2435.5% |
| Profit (loss) for the period before taxes | 9903 | €15,563 | -€5,627 | -€21,190 | |
| Income taxes | 67/77 | €4,736 | - | -€4,736 | |
| Profit (loss) for the period | 9904 | €10,828 | -€5,627 | -€16,455 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,828 | -€5,627 | -€16,455 |
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.