BF3 BELGIAN PROJECTS: what changed
Two fiscal 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.
BF3 BELGIAN PROJECTS
Largest movements
- Cash -€3,506
down €3,506 (-6.5%), from €53,880 to €50,374
mainly Net result for the year (-€8,084) and Receivables within one year (-€244)
- Profit (loss) carried forward -€8,084
down €8,084 (-16.9%), from -€47,898 to -€55,982
- Debts after one year +€4,200
up €4,200 (+4.9%), from €85,120 to €89,320
- Trade debts +€622
up €622 (+1222.8%), from €51 to €673
- Gross operating margin -€712
down €712 (-28.2%), from -€2,525 to -€3,237
- Other operating charges +€90
up €90 (+30.2%), from €298 to €387
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 | €55,873 | €52,612 | -€3,262 | -5.8% |
| Current assets | 29/58 | €55,873 | €52,612 | -€3,262 | -5.8% |
| Amounts receivable within one year | 40/41 | €1,994 | €2,238 | +€244 | +12.3% |
| Other amounts receivable | 41 | €1,994 | €2,238 | +€244 | +12.3% |
| Cash at bank and in hand | 54/58 | €53,880 | €50,374 | -€3,506 | -6.5% |
| Total equity and liabilities | 10/49 | €55,873 | €52,612 | -€3,262 | -5.8% |
| Equity | 10/15 | -€29,298 | -€37,382 | -€8,084 | -27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,898 | -€55,982 | -€8,084 | -16.9% |
| Amounts payable | 17/49 | €85,171 | €89,993 | +€4,822 | +5.7% |
| Amounts payable after more than one year | 17 | €85,120 | €89,320 | +€4,200 | +4.9% |
| Financial debts | 170/4 | €85,120 | €89,320 | +€4,200 | +4.9% |
| Amounts payable within one year | 42/48 | €51 | €673 | +€622 | +1222.8% |
| Trade debts | 44 | €51 | €673 | +€622 | +1222.8% |
| Suppliers | 440/4 | €51 | €673 | +€622 | +1222.8% |
| Other operating charges | 640/8 | €298 | €387 | +€90 | +30.2% |
| Gross operating margin | 9900 | -€2,525 | -€3,237 | -€712 | -28.2% |
| Operating profit (loss) | 9901 | -€2,823 | -€3,624 | -€802 | -28.4% |
| Financial charges | 65/66B | €4,458 | €4,460 | +€2 | 0.0% |
| Recurring financial charges | 65 | €4,458 | €4,460 | +€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,280 | -€8,084 | -€804 | -11.0% |
| Profit (loss) for the period | 9904 | -€7,280 | -€8,084 | -€804 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,280 | -€8,084 | -€804 | -11.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.