B-PROJECT: 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-PROJECT
Largest movements
- Cash +€37,169
up €37,169 (+2,070%), from €1,796 to €38,965
mainly Net result for the year (+€34,952) and Trade debts (+€14,988)
- Stocks and contracts +€18,576
up €18,576 (+8.0%), from €232,518 to €251,094
- Financial fixed assets +€9,150
up €9,150 (+179%), from €5,100 to €14,250
- Receivables within one year -€9,058
no longer reported in 2025 (was €9,058)
of which Other amounts receivable: -€5,251
- Profit (loss) carried forward +€34,952
up €34,952 (+107%), from €32,713 to €67,665
- Trade debts +€14,988
up €14,988 (+77.2%), from €19,418 to €34,406
of which Suppliers: +€20,506
- Other debts -€14,546
down €14,546 (-8.1%), from €180,267 to €165,721
- Tax, wage and social debts +€11,980
up €11,980 (+73.1%), from €16,391 to €28,371
- Advances received +€8,500
new in 2025: €8,500
- Gross operating margin -€6,629
down €6,629 (-11.7%), from €56,762 to €50,133
- Taxes +€3,252
up €3,252 (+33.4%), from €9,731 to €12,983
- Other operating charges +€1,506
up €1,506 (+360%), from €418 to €1,924
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 | €249,789 | €305,664 | +€55,875 | +22.4% |
| Fixed assets | 21/28 | €5,100 | €14,250 | +€9,150 | +179% |
| Financial fixed assets | 28 | €5,100 | €14,250 | +€9,150 | +179% |
| Current assets | 29/58 | €244,689 | €291,414 | +€46,725 | +19.1% |
| Stocks and contracts in progress | 3 | €232,518 | €251,094 | +€18,576 | +8.0% |
| Stocks | 30/36 | €232,518 | €251,094 | +€18,576 | +8.0% |
| Amounts receivable within one year | 40/41 | €9,058 | - | -€9,058 | |
| Trade receivables | 40 | €3,807 | - | -€3,807 | |
| Other amounts receivable | 41 | €5,251 | - | -€5,251 | |
| Cash at bank and in hand | 54/58 | €1,796 | €38,965 | +€37,169 | +2,070% |
| Deferred charges and accrued income | 490/1 | €1,317 | €1,355 | +€38 | +2.9% |
| Total equity and liabilities | 10/49 | €249,789 | €305,664 | +€55,875 | +22.4% |
| Equity | 10/15 | €33,713 | €68,665 | +€34,952 | +104% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,713 | €67,665 | +€34,952 | +107% |
| Amounts payable | 17/49 | €216,076 | €236,998 | +€20,922 | +9.7% |
| Amounts payable within one year | 42/48 | €216,076 | €236,998 | +€20,922 | +9.7% |
| Trade debts | 44 | €19,418 | €34,406 | +€14,988 | +77.2% |
| Suppliers | 440/4 | €13,900 | €34,406 | +€20,506 | +148% |
| Bills of exchange payable | 441 | €5,518 | - | -€5,518 | |
| Advances received on contracts in progress | 46 | - | €8,500 | +€8,500 | |
| Taxes, remuneration and social security | 45 | €16,391 | €28,371 | +€11,980 | +73.1% |
| Taxes | 450/3 | €16,391 | €28,371 | +€11,980 | +73.1% |
| Other amounts payable | 47/48 | €180,267 | €165,721 | -€14,546 | -8.1% |
| Other operating charges | 640/8 | €418 | €1,924 | +€1,506 | +360% |
| Gross operating margin | 9900 | €56,762 | €50,133 | -€6,629 | -11.7% |
| Operating profit (loss) | 9901 | €56,344 | €48,209 | -€8,135 | -14.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.0% |
| Financial charges | 65/66B | €664 | €274 | -€390 | -58.7% |
| Recurring financial charges | 65 | €664 | €274 | -€390 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €55,681 | €47,935 | -€7,746 | -13.9% |
| Income taxes | 67/77 | €9,731 | €12,983 | +€3,252 | +33.4% |
| Profit (loss) for the period | 9904 | €45,950 | €34,952 | -€10,998 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,950 | €34,952 | -€10,998 | -23.9% |
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 19 October 2026 via checked.be.