BIA 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.
BIA PROJECTS
Largest movements
- Stocks and contracts +€2.4m
up €2.4m (+7,623%), from €31,033 to €2.4m
- Receivables within one year -€98,953
down €98,953 (-24.7%), from €401,311 to €302,358
of which Trade receivables: -€146,984
- Cash +€86,174
up €86,174 (+8,451%), from €1,020 to €87,194
mainly Debts after one year (+€1.6m) and Other debts (+€720,650)
- Debts after one year +€1.6m
up €1.6m (+23,956%), from €6,840 to €1.6m
- Other debts +€720,650
up €720,650 (+422%), from €170,859 to €891,509
- Financial charges +€5,414
up €5,414 (+486%), from €1,115 to €6,528
- Gross operating margin +€2,946
up €2,946 (+16.2%), from €18,212 to €21,158
- Other operating charges +€2,042
up €2,042 (+94.3%), from €2,166 to €4,208
- Depreciation -€1,034
down €1,034 (-10.9%), from €9,526 to €8,492
- Taxes -€584
down €584 (-35.7%), from €1,636 to €1,052
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 | €461,383 | €2,803,323 | +€2.3m | +508% |
| Fixed assets | 21/28 | €20,600 | €15,191 | -€5,409 | -26.3% |
| Tangible fixed assets | 22/27 | €20,600 | €15,191 | -€5,409 | -26.3% |
| Plant, machinery and equipment | 23 | €715 | €3,518 | +€2,803 | +392% |
| Furniture and vehicles | 24 | €15,610 | €7,873 | -€7,737 | -49.6% |
| Leasing and similar rights | 25 | €4,275 | €3,800 | -€475 | -11.1% |
| Current assets | 29/58 | €440,783 | €2,788,132 | +€2.3m | +533% |
| Stocks and contracts in progress | 3 | €31,033 | €2,396,756 | +€2.4m | +7,623% |
| Stocks | 30/36 | €31,033 | €2,396,756 | +€2.4m | +7,623% |
| Amounts receivable within one year | 40/41 | €401,311 | €302,358 | -€98,953 | -24.7% |
| Trade receivables | 40 | €400,403 | €253,420 | -€146,984 | -36.7% |
| Other amounts receivable | 41 | €907 | €48,938 | +€48,030 | +5,293% |
| Cash at bank and in hand | 54/58 | €1,020 | €87,194 | +€86,174 | +8,451% |
| Deferred charges and accrued income | 490/1 | €7,420 | €1,824 | -€5,595 | -75.4% |
| Total equity and liabilities | 10/49 | €461,383 | €2,803,323 | +€2.3m | +508% |
| Equity | 10/15 | €93,758 | €95,034 | +€1,276 | +1.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €703 | €703 | = | 0.0% |
| Non-distributable reserves | 130/1 | €703 | €703 | = | 0.0% |
| Reserves not available under the articles | 1311 | €703 | €703 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,055 | €74,331 | +€1,276 | +1.7% |
| Amounts payable | 17/49 | €367,625 | €2,708,289 | +€2.3m | +637% |
| Amounts payable after more than one year | 17 | €6,840 | €1,645,333 | +€1.6m | +23,956% |
| Financial debts | 170/4 | €6,840 | €1,645,333 | +€1.6m | +23,956% |
| Amounts payable within one year | 42/48 | €360,785 | €1,062,956 | +€702,171 | +195% |
| Financial debts | 43 | €6,684 | €5,118 | -€1,566 | -23.4% |
| Credit institutions | 430/8 | €6,684 | €5,118 | -€1,566 | -23.4% |
| Trade debts | 44 | €181,532 | €163,642 | -€17,890 | -9.9% |
| Suppliers | 440/4 | €181,532 | €163,642 | -€17,890 | -9.9% |
| Taxes, remuneration and social security | 45 | €1,710 | €2,688 | +€977 | +57.1% |
| Taxes | 450/3 | €1,710 | €2,688 | +€977 | +57.1% |
| Other amounts payable | 47/48 | €170,859 | €891,509 | +€720,650 | +422% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,526 | €8,492 | -€1,034 | -10.9% |
| Other operating charges | 640/8 | €2,166 | €4,208 | +€2,042 | +94.3% |
| Gross operating margin | 9900 | €18,212 | €21,158 | +€2,946 | +16.2% |
| Operating profit (loss) | 9901 | €6,520 | €8,458 | +€1,938 | +29.7% |
| Financial income | 75/76B | €140 | €399 | +€259 | +184% |
| Recurring financial income | 75 | €140 | €399 | +€259 | +184% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,115 | €6,528 | +€5,414 | +486% |
| Recurring financial charges | 65 | €1,115 | €6,528 | +€5,414 | +486% |
| Profit (loss) for the period before taxes | 9903 | €5,545 | €2,328 | -€3,217 | -58.0% |
| Income taxes | 67/77 | €1,636 | €1,052 | -€584 | -35.7% |
| Profit (loss) for the period | 9904 | €3,910 | €1,276 | -€2,633 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,910 | €1,276 | -€2,633 | -67.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.