B.P.I.N. PROJECTS: what changed
B.P.I.N. PROJECTS
Largest movements
- Stocks and contracts -€148,253
down €148,253 (-83.2%), from €178,186 to €29,933
- Cash -€12,191
down €12,191 (-60.7%), from €20,077 to €7,887
mainly Net result for the year (-€112,898) and Other debts (-€33,000)
- Receivables within one year +€6,268
up €6,268 (+194%), from €3,230 to €9,499
- Profit (loss) carried forward -€112,898
down €112,898, from €55,036 to -€57,862
- Other debts -€33,000
down €33,000 (-41.1%), from €80,367 to €47,367
- Trade debts -€12,449
down €12,449 (-55.6%), from €22,397 to €9,948
- Tax, wage and social debts +€2,902
up €2,902 (+34.0%), from €8,532 to €11,435
of which Taxes: +€2,902
- Gross operating margin +€24,293
up €24,293 (+182%), from €13,313 to €37,606
- Taxes -€4,672
down €4,672 (-96.4%), from €4,848 to €177
- Financial charges -€1,073
down €1,073 (-65.2%), from €1,646 to €573
- Other operating charges -€464
down €464 (-66.7%), from €696 to €232
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €205,303 | €49,858 | -€155,445 | -75.7% |
| Fixed assets | 21/28 | €3,810 | €2,540 | -€1,270 | -33.3% |
| Tangible fixed assets | 22/27 | €3,810 | €2,540 | -€1,270 | -33.3% |
| Land and buildings | 22 | €3,810 | €2,540 | -€1,270 | -33.3% |
| Current assets | 29/58 | €201,493 | €47,318 | -€154,175 | -76.5% |
| Stocks and contracts in progress | 3 | €178,186 | €29,933 | -€148,253 | -83.2% |
| Stocks | 30/36 | €178,186 | €29,933 | -€148,253 | -83.2% |
| Amounts receivable within one year | 40/41 | €3,230 | €9,499 | +€6,268 | +194% |
| Trade receivables | 40 | €3,230 | €9,499 | +€6,268 | +194% |
| Cash at bank and in hand | 54/58 | €20,077 | €7,887 | -€12,191 | -60.7% |
| Total equity and liabilities | 10/49 | €205,303 | €49,858 | -€155,445 | -75.7% |
| Equity | 10/15 | €75,496 | -€37,402 | -€112,898 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,036 | -€57,862 | -€112,898 | |
| Amounts payable | 17/49 | €129,807 | €87,260 | -€42,547 | -32.8% |
| Amounts payable within one year | 42/48 | €129,807 | €87,260 | -€42,547 | -32.8% |
| Financial debts | 43 | €18,510 | €18,510 | = | 0.0% |
| Other loans | 439 | €18,510 | €18,510 | = | 0.0% |
| Trade debts | 44 | €22,397 | €9,948 | -€12,449 | -55.6% |
| Suppliers | 440/4 | €22,397 | €9,948 | -€12,449 | -55.6% |
| Taxes, remuneration and social security | 45 | €8,532 | €11,435 | +€2,902 | +34.0% |
| Taxes | 450/3 | €7,574 | €10,476 | +€2,902 | +38.3% |
| Remuneration and social security | 454/9 | €959 | €959 | = | 0.0% |
| Other amounts payable | 47/48 | €80,367 | €47,367 | -€33,000 | -41.1% |
| Remuneration, social security and pensions | 62 | €31 | - | -€31 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €1,270 | = | 0.0% |
| Other operating charges | 640/8 | €696 | €232 | -€464 | -66.7% |
| Non-recurring operating charges | 66A | - | €148,253 | +€148,253 | |
| Gross operating margin | 9900 | €13,313 | €37,606 | +€24,293 | +182% |
| Operating profit (loss) | 9901 | €11,317 | -€112,149 | -€123,465 | |
| Financial charges | 65/66B | €1,646 | €573 | -€1,073 | -65.2% |
| Recurring financial charges | 65 | €1,646 | €573 | -€1,073 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €9,671 | -€112,721 | -€122,392 | |
| Income taxes | 67/77 | €4,848 | €177 | -€4,672 | -96.4% |
| Profit (loss) for the period | 9904 | €4,823 | -€112,898 | -€117,721 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,823 | -€112,898 | -€117,721 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.