B-O PROJETS: 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-O PROJETS
Largest movements
- Cash -€118,429
down €118,429 (-57.5%), from €205,807 to €87,378
mainly Investment in fixed assets (net) (-€83,995) and Net result for the year (-€28,581)
- Tangible fixed assets +€62,288
up €62,288 (+16.8%), from €371,571 to €433,860
of which Furniture and vehicles: +€68,596
- Receivables within one year -€6,566
no longer reported in 2025 (was €6,566)
- Profit (loss) carried forward -€28,581
down €28,581, from €5 to -€28,576
- Debts after one year -€20,567
down €20,567 (-22.5%), from €91,564 to €70,997
- Trade debts +€18,907
up €18,907 (+1,504%), from €1,257 to €20,163
- Tax, wage and social debts -€16,228
down €16,228 (-97.9%), from €16,569 to €341
- Other debts -€15,444
down €15,444 (-9.1%), from €169,555 to €154,110
- Financial income -€196,650
no longer reported in 2025 (was €196,650)
of which Financial income: -€196,650
- Gross operating margin -€30,233
down €30,233 (-82.4%), from €36,696 to €6,464
- Taxes -€16,215
down €16,215 (-97.9%), from €16,569 to €354
- Depreciation +€15,141
up €15,141 (+231%), from €6,566 to €21,707
- Write-downs -€10,585
no longer reported in 2025 (was €10,585)
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 | €583,944 | €522,369 | -€61,575 | -10.5% |
| Fixed assets | 21/28 | €371,571 | €433,860 | +€62,288 | +16.8% |
| Tangible fixed assets | 22/27 | €371,571 | €433,860 | +€62,288 | +16.8% |
| Land and buildings | 22 | €371,571 | €365,264 | -€6,308 | -1.7% |
| Furniture and vehicles | 24 | - | €68,596 | +€68,596 | |
| Current assets | 29/58 | €212,372 | €88,509 | -€123,863 | -58.3% |
| Amounts receivable within one year | 40/41 | €6,566 | - | -€6,566 | |
| Trade receivables | 40 | €6,566 | - | -€6,566 | |
| Cash at bank and in hand | 54/58 | €205,807 | €87,378 | -€118,429 | -57.5% |
| Deferred charges and accrued income | 490/1 | - | €1,131 | +€1,131 | |
| Total equity and liabilities | 10/49 | €583,944 | €522,369 | -€61,575 | -10.5% |
| Equity | 10/15 | €284,316 | €255,735 | -€28,581 | -10.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | - | -€19,000 | |
| Issued capital | 100 | €19,000 | - | -€19,000 | |
| Revaluation surpluses | 12 | €234,000 | €234,000 | = | 0.0% |
| Reserves | 13 | €31,311 | €31,311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,681 | €27,681 | = | 0.0% |
| Legal reserve | 130 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | - | €1,900 | +€1,900 | |
| Other | 1319 | €25,781 | €25,781 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,630 | €3,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5 | -€28,576 | -€28,581 | |
| Amounts payable | 17/49 | €299,627 | €266,634 | -€32,993 | -11.0% |
| Amounts payable after more than one year | 17 | €91,564 | €70,997 | -€20,567 | -22.5% |
| Financial debts | 170/4 | €91,564 | €70,997 | -€20,567 | -22.5% |
| Amounts payable within one year | 42/48 | €206,850 | €195,182 | -€11,668 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €19,470 | €20,567 | +€1,097 | +5.6% |
| Trade debts | 44 | €1,257 | €20,163 | +€18,907 | +1,504% |
| Suppliers | 440/4 | €1,257 | €20,163 | +€18,907 | +1,504% |
| Taxes, remuneration and social security | 45 | €16,569 | €341 | -€16,228 | -97.9% |
| Taxes | 450/3 | €16,569 | €341 | -€16,228 | -97.9% |
| Other amounts payable | 47/48 | €169,555 | €154,110 | -€15,444 | -9.1% |
| Accrued charges and deferred income | 492/3 | €1,213 | €455 | -€758 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,566 | €21,707 | +€15,141 | +231% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,585 | - | -€10,585 | |
| Other operating charges | 640/8 | €3,009 | €6,794 | +€3,786 | +126% |
| Gross operating margin | 9900 | €36,696 | €6,464 | -€30,233 | -82.4% |
| Operating profit (loss) | 9901 | €16,536 | -€22,038 | -€38,574 | |
| Financial income | 75/76B | €196,650 | - | -€196,650 | |
| Recurring financial income | 75 | €196,650 | - | -€196,650 | |
| Non-recurring financial income | 76B | €196,650 | - | -€196,650 | |
| Financial charges | 65/66B | €13,670 | €6,189 | -€7,481 | -54.7% |
| Recurring financial charges | 65 | €13,670 | €6,189 | -€7,481 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €199,516 | -€28,227 | -€227,743 | |
| Income taxes | 67/77 | €16,569 | €354 | -€16,215 | -97.9% |
| Profit (loss) for the period | 9904 | €182,947 | -€28,581 | -€211,528 | |
| Profit (loss) for the period to be appropriated | 9905 | €182,947 | -€28,581 | -€211,528 |
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 17 October 2026 via checked.be.