B-PROJECTS: 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-PROJECTS
Largest movements
- Receivables within one year +€29,265
up €29,265 (+148.7%), from €19,678 to €48,943
of which Trade receivables: +€24,196
- Tangible fixed assets +€8,510
up €8,510 (+3923.1%), from €217 to €8,727
of which Furniture and vehicles: +€6,082
- Trade debts +€21,495
up €21,495 (+954.8%), from €2,251 to €23,746
- Profit (loss) carried forward +€11,339
up €11,339 (+84.3%), from €13,448 to €24,787
- Debts after one year +€3,264
new in 2025: €3,264
- Short-term financial debts -€2,708
down €2,708 (-100.0%), from €2,708 to €0
- Current portion of long-term debt +€2,586
new in 2025: €2,586
- Staff costs +€14,534
new in 2025: €14,534
- Gross operating margin +€13,418
up €13,418 (+70.6%), from €19,003 to €32,421
- Depreciation +€1,353
up €1,353 (+632.6%), from €214 to €1,567
- Financial income +€1,174
up €1,174, from €0 to €1,174
of which Financial income: +€1,174
- Financial charges +€1,158
up €1,158 (+115.1%), from €1,006 to €2,163
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 | €24,243 | €62,631 | +€38,388 | +158.3% |
| Fixed assets | 21/28 | €217 | €8,727 | +€8,510 | +3923.1% |
| Tangible fixed assets | 22/27 | €217 | €8,727 | +€8,510 | +3923.1% |
| Plant, machinery and equipment | 23 | €217 | €2,645 | +€2,428 | +1119.4% |
| Furniture and vehicles | 24 | - | €6,082 | +€6,082 | |
| Current assets | 29/58 | €24,026 | €53,904 | +€29,878 | +124.4% |
| Stocks and contracts in progress | 3 | €4,030 | €3,885 | -€146 | -3.6% |
| Stocks | 30/36 | €4,030 | €3,885 | -€146 | -3.6% |
| Amounts receivable within one year | 40/41 | €19,678 | €48,943 | +€29,265 | +148.7% |
| Trade receivables | 40 | €2,783 | €26,979 | +€24,196 | +869.6% |
| Other amounts receivable | 41 | €16,895 | €21,964 | +€5,068 | +30.0% |
| Cash at bank and in hand | 54/58 | - | €293 | +€293 | |
| Deferred charges and accrued income | 490/1 | €318 | €784 | +€466 | +146.3% |
| Total equity and liabilities | 10/49 | €24,243 | €62,631 | +€38,388 | +158.3% |
| Equity | 10/15 | €17,458 | €28,797 | +€11,339 | +64.9% |
| Contributions | 10/11 | €4,010 | €4,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,448 | €24,787 | +€11,339 | +84.3% |
| Amounts payable | 17/49 | €6,785 | €33,834 | +€27,049 | +398.7% |
| Amounts payable after more than one year | 17 | - | €3,264 | +€3,264 | |
| Financial debts | 170/4 | - | €3,264 | +€3,264 | |
| Amounts payable within one year | 42/48 | €6,785 | €30,571 | +€23,786 | +350.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,586 | +€2,586 | |
| Financial debts | 43 | €2,708 | €0 | -€2,708 | -100.0% |
| Credit institutions | 430/8 | €2,708 | €0 | -€2,708 | -100.0% |
| Trade debts | 44 | €2,251 | €23,746 | +€21,495 | +954.8% |
| Suppliers | 440/4 | €2,251 | €23,746 | +€21,495 | +954.8% |
| Taxes, remuneration and social security | 45 | €1,826 | €4,239 | +€2,413 | +132.2% |
| Taxes | 450/3 | €1,826 | €1,457 | -€368 | -20.2% |
| Remuneration and social security | 454/9 | - | €2,782 | +€2,782 | |
| Remuneration, social security and pensions | 62 | - | €14,534 | +€14,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214 | €1,567 | +€1,353 | +632.6% |
| Other operating charges | 640/8 | €578 | €803 | +€224 | +38.8% |
| Gross operating margin | 9900 | €19,003 | €32,421 | +€13,418 | +70.6% |
| Operating profit (loss) | 9901 | €18,210 | €15,517 | -€2,694 | -14.8% |
| Financial income | 75/76B | €0 | €1,174 | +€1,174 | |
| Recurring financial income | 75 | €0 | €1,174 | +€1,174 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,006 | €2,163 | +€1,158 | +115.1% |
| Recurring financial charges | 65 | €1,006 | €2,163 | +€1,158 | +115.1% |
| Profit (loss) for the period before taxes | 9903 | €17,205 | €14,527 | -€2,678 | -15.6% |
| Income taxes | 67/77 | €3,989 | €3,188 | -€801 | -20.1% |
| Profit (loss) for the period | 9904 | €13,216 | €11,339 | -€1,877 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,216 | €11,339 | -€1,877 | -14.2% |
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 9 October 2026 via checked.be.