B&T 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&T PROJECTS
Largest movements
- Receivables within one year -€51,642
down €51,642 (-34.3%), from €150,674 to €99,032
of which Other amounts receivable: -€72,882
- Cash +€9,666
up €9,666 (+222.1%), from €4,352 to €14,018
mainly Receivables within one year (+€51,642) and Net result for the year (+€49,468)
- Tangible fixed assets -€9,017
down €9,017 (-4.6%), from €196,039 to €187,022
- Financial fixed assets -€4,133
down €4,133 (-6.8%), from €61,227 to €57,094
- Other debts -€111,183
down €111,183 (-19.2%), from €579,327 to €468,144
- Profit (loss) carried forward +€49,468
up €49,468 (+25.4%), from -€194,381 to -€144,913
- Tax, wage and social debts +€4,674
up €4,674 (+98.3%), from €4,754 to €9,428
- Gross operating margin +€138,775
up €138,775, from -€52,694 to €86,080
- Financial income -€73,608
down €73,608 (-97.5%), from €75,467 to €1,860
of which Non-recurring financial income: -€73,551
- Other operating charges -€51,900
down €51,900 (-95.9%), from €54,135 to €2,235
- Financial charges +€18,411
up €18,411 (+218.8%), from €8,414 to €26,825
of which Financial charges: +€14,278
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 | €412,348 | €357,166 | -€55,182 | -13.4% |
| Fixed assets | 21/28 | €257,267 | €244,116 | -€13,151 | -5.1% |
| Tangible fixed assets | 22/27 | €196,039 | €187,022 | -€9,017 | -4.6% |
| Land and buildings | 22 | €196,039 | €187,022 | -€9,017 | -4.6% |
| Financial fixed assets | 28 | €61,227 | €57,094 | -€4,133 | -6.8% |
| Current assets | 29/58 | €155,081 | €113,050 | -€42,031 | -27.1% |
| Amounts receivable within one year | 40/41 | €150,674 | €99,032 | -€51,642 | -34.3% |
| Trade receivables | 40 | €7,260 | €28,500 | +€21,240 | +292.6% |
| Other amounts receivable | 41 | €143,414 | €70,532 | -€72,882 | -50.8% |
| Cash at bank and in hand | 54/58 | €4,352 | €14,018 | +€9,666 | +222.1% |
| Deferred charges and accrued income | 490/1 | €55 | €0 | -€55 | -100.0% |
| Total equity and liabilities | 10/49 | €412,348 | €357,166 | -€55,182 | -13.4% |
| Equity | 10/15 | -€172,976 | -€123,508 | +€49,468 | +28.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,205 | €15,205 | = | 0.0% |
| Distributable reserves | 133 | €15,205 | €15,205 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,381 | -€144,913 | +€49,468 | +25.4% |
| Amounts payable | 17/49 | €585,324 | €480,674 | -€104,650 | -17.9% |
| Amounts payable within one year | 42/48 | €585,324 | €480,674 | -€104,650 | -17.9% |
| Trade debts | 44 | €1,243 | €3,103 | +€1,860 | +149.6% |
| Suppliers | 440/4 | €1,243 | €3,103 | +€1,860 | +149.6% |
| Taxes, remuneration and social security | 45 | €4,754 | €9,428 | +€4,674 | +98.3% |
| Taxes | 450/3 | €4,754 | €9,428 | +€4,674 | +98.3% |
| Other amounts payable | 47/48 | €579,327 | €468,144 | -€111,183 | -19.2% |
| Non-recurring operating income | 76A | €106,909 | €9,050 | -€97,859 | -91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,017 | €9,017 | = | 0.0% |
| Other operating charges | 640/8 | €54,135 | €2,235 | -€51,900 | -95.9% |
| Non-recurring operating charges | 66A | €44,845 | €0 | -€44,845 | -100.0% |
| Gross operating margin | 9900 | -€52,694 | €86,080 | +€138,775 | |
| Operating profit (loss) | 9901 | -€160,692 | €74,828 | +€235,520 | |
| Financial income | 75/76B | €75,467 | €1,860 | -€73,608 | -97.5% |
| Recurring financial income | 75 | €1,916 | €1,860 | -€56 | -2.9% |
| Non-recurring financial income | 76B | €73,551 | €0 | -€73,551 | -100.0% |
| Financial charges | 65/66B | €8,414 | €26,825 | +€18,411 | +218.8% |
| Recurring financial charges | 65 | €8,414 | €22,692 | +€14,278 | +169.7% |
| Non-recurring financial charges | 66B | - | €4,133 | +€4,133 | |
| Profit (loss) for the period before taxes | 9903 | -€93,638 | €49,863 | +€143,501 | |
| Income taxes | 67/77 | €374 | €395 | +€21 | +5.6% |
| Profit (loss) for the period | 9904 | -€94,012 | €49,468 | +€143,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,012 | €49,468 | +€143,480 |
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 11 October 2026 via checked.be.