BE 2 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.
BE 2 Projects
Largest movements
- Cash +€48,128
up €48,128 (+94.8%), from €50,753 to €98,880
mainly Trade debts (+€51,657) and Receivables within one year (+€22,122)
- Receivables within one year -€22,122
down €22,122 (-22.9%), from €96,494 to €74,372
of which Trade receivables: -€11,739
- Trade debts +€51,657
up €51,657 (+136%), from €38,103 to €89,760
- Debts after one year -€8,243
down €8,243 (-28.3%), from €29,133 to €20,890
- Advances received -€7,966
down €7,966 (-66.3%), from €12,016 to €4,050
- Accrued charges and deferred income -€3,091
no longer reported in 2025 (was €3,091)
- Tax, wage and social debts -€2,906
down €2,906 (-16.2%), from €17,958 to €15,052
- Write-downs +€13,994
up €13,994, from -€1,500 to €12,494
- Taxes +€8,328
up €8,328 (+983%), from €847 to €9,175
- Gross operating margin -€2,718
down €2,718 (-11.6%), from €23,370 to €20,652
- Financial income +€878
up €878 (+39.6%), from €2,217 to €3,095
- Financial charges +€390
up €390 (+23.2%), from €1,685 to €2,075
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 | €147,877 | €174,212 | +€26,336 | +17.8% |
| Current assets | 29/58 | €147,877 | €174,212 | +€26,336 | +17.8% |
| Amounts receivable within one year | 40/41 | €96,494 | €74,372 | -€22,122 | -22.9% |
| Trade receivables | 40 | €41,134 | €29,395 | -€11,739 | -28.5% |
| Other amounts receivable | 41 | €55,360 | €44,978 | -€10,382 | -18.8% |
| Cash at bank and in hand | 54/58 | €50,753 | €98,880 | +€48,128 | +94.8% |
| Deferred charges and accrued income | 490/1 | €630 | €960 | +€330 | +52.3% |
| Total equity and liabilities | 10/49 | €147,877 | €174,212 | +€26,336 | +17.8% |
| Equity | 10/15 | €39,169 | €38,241 | -€928 | -2.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €4,400 | €4,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,540 | €2,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,269 | €26,341 | -€928 | -3.4% |
| Amounts payable | 17/49 | €108,708 | €135,972 | +€27,264 | +25.1% |
| Amounts payable after more than one year | 17 | €29,133 | €20,890 | -€8,243 | -28.3% |
| Financial debts | 170/4 | €29,133 | €20,890 | -€8,243 | -28.3% |
| Amounts payable within one year | 42/48 | €76,484 | €115,082 | +€38,598 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €7,847 | €6,220 | -€1,627 | -20.7% |
| Trade debts | 44 | €38,103 | €89,760 | +€51,657 | +136% |
| Suppliers | 440/4 | €38,103 | €89,760 | +€51,657 | +136% |
| Advances received on contracts in progress | 46 | €12,016 | €4,050 | -€7,966 | -66.3% |
| Taxes, remuneration and social security | 45 | €17,958 | €15,052 | -€2,906 | -16.2% |
| Taxes | 450/3 | €17,958 | €15,052 | -€2,906 | -16.2% |
| Other amounts payable | 47/48 | €560 | - | -€560 | |
| Accrued charges and deferred income | 492/3 | €3,091 | - | -€3,091 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,500 | €12,494 | +€13,994 | |
| Other operating charges | 640/8 | €611 | €932 | +€321 | +52.6% |
| Gross operating margin | 9900 | €23,370 | €20,652 | -€2,718 | -11.6% |
| Operating profit (loss) | 9901 | €24,260 | €7,226 | -€17,033 | -70.2% |
| Financial income | 75/76B | €2,217 | €3,095 | +€878 | +39.6% |
| Recurring financial income | 75 | €2,217 | €3,095 | +€878 | +39.6% |
| Financial charges | 65/66B | €1,685 | €2,075 | +€390 | +23.2% |
| Recurring financial charges | 65 | €1,685 | €2,075 | +€390 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €24,792 | €8,247 | -€16,545 | -66.7% |
| Income taxes | 67/77 | €847 | €9,175 | +€8,328 | +983% |
| Profit (loss) for the period | 9904 | €23,945 | -€928 | -€24,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,945 | -€928 | -€24,873 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.