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
- Receivables within one year +€12,695
up €12,695 (+18.7%), from €67,949 to €80,644
of which Other amounts receivable: +€12,660
- Cash +€2,441
up €2,441 (+74.2%), from €3,291 to €5,731
mainly Trade debts (+€11,634) and Net result for the year (+€7,544)
- Tangible fixed assets +€1,020
up €1,020 (+31.4%), from €3,246 to €4,266
of which Furniture and vehicles: +€1,020
- Trade debts +€11,634
up €11,634 (+199%), from €5,857 to €17,491
- Reserves +€7,544
up €7,544 (+13.3%), from €56,708 to €64,252
of which Distributable reserves: +€7,544
- Tax, wage and social debts -€1,832
down €1,832 (-31.1%), from €5,895 to €4,063
- Other debts -€1,212
down €1,212 (-54.8%), from €2,212 to €1,000
- Gross operating margin +€7,444
up €7,444 (+209%), from €3,561 to €11,005
- Taxes +€2,271
up €2,271 (+212%), from €1,073 to €3,344
- Depreciation +€483
up €483 (+118%), from €410 to €893
- Financial income +€328
up €328 (+14.9%), from €2,196 to €2,523
- Financial charges -€271
down €271 (-60.6%), from €448 to €177
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 | €76,872 | €93,253 | +€16,381 | +21.3% |
| Fixed assets | 21/28 | €3,246 | €4,266 | +€1,020 | +31.4% |
| Tangible fixed assets | 22/27 | €3,246 | €4,266 | +€1,020 | +31.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,246 | €4,266 | +€1,020 | +31.4% |
| Current assets | 29/58 | €73,626 | €88,987 | +€15,361 | +20.9% |
| Amounts receivable within one year | 40/41 | €67,949 | €80,644 | +€12,695 | +18.7% |
| Trade receivables | 40 | €31,212 | €31,247 | +€35 | +0.1% |
| Other amounts receivable | 41 | €36,737 | €49,397 | +€12,660 | +34.5% |
| Cash at bank and in hand | 54/58 | €3,291 | €5,731 | +€2,441 | +74.2% |
| Deferred charges and accrued income | 490/1 | €2,387 | €2,612 | +€225 | +9.4% |
| Total equity and liabilities | 10/49 | €76,872 | €93,253 | +€16,381 | +21.3% |
| Equity | 10/15 | €62,908 | €70,452 | +€7,544 | +12.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,708 | €64,252 | +€7,544 | +13.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €56,708 | €64,252 | +€7,544 | +13.3% |
| Amounts payable | 17/49 | €13,964 | €22,801 | +€8,838 | +63.3% |
| Amounts payable within one year | 42/48 | €13,964 | €22,554 | +€8,591 | +61.5% |
| Trade debts | 44 | €5,857 | €17,491 | +€11,634 | +199% |
| Suppliers | 440/4 | €5,857 | €17,491 | +€11,634 | +199% |
| Taxes, remuneration and social security | 45 | €5,895 | €4,063 | -€1,832 | -31.1% |
| Taxes | 450/3 | €5,895 | €4,063 | -€1,832 | -31.1% |
| Other amounts payable | 47/48 | €2,212 | €1,000 | -€1,212 | -54.8% |
| Accrued charges and deferred income | 492/3 | - | €247 | +€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €410 | €893 | +€483 | +118% |
| Other operating charges | 640/8 | €918 | €1,070 | +€153 | +16.7% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €3,561 | €11,005 | +€7,444 | +209% |
| Operating profit (loss) | 9901 | €2,233 | €8,541 | +€6,308 | +282% |
| Financial income | 75/76B | €2,196 | €2,523 | +€328 | +14.9% |
| Recurring financial income | 75 | €2,196 | €2,523 | +€328 | +14.9% |
| Financial charges | 65/66B | €448 | €177 | -€271 | -60.6% |
| Recurring financial charges | 65 | €448 | €177 | -€271 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €3,981 | €10,888 | +€6,907 | +173% |
| Income taxes | 67/77 | €1,073 | €3,344 | +€2,271 | +212% |
| Profit (loss) for the period | 9904 | €2,908 | €7,544 | +€4,636 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €2,908 | €7,544 | +€4,636 | +159% |
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 18 October 2026 via checked.be.