BIB Project: 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.
BIB Project
Largest movements
- Stocks and contracts +€1.8m
up €1.8m (+93.8%), from €1.9m to €3.7m
- Deferred charges and accrued income +€158,435
up €158,435 (+3293.9%), from €4,810 to €163,245
- Cash -€64,028
down €64,028 (-89.6%), from €71,440 to €7,412
mainly Stocks and contracts (-€1.8m) and Deferred charges and accrued income (-€158,435)
- Receivables within one year +€53,223
up €53,223 (+199.8%), from €26,632 to €79,855
of which Other amounts receivable: +€55,544
- Debts after one year +€1.3m
up €1.3m (+85.1%), from €1.5m to €2.9m
- Trade debts +€459,579
up €459,579 (+281.0%), from €163,549 to €623,128
- Accrued charges and deferred income +€165,632
up €165,632 (+71.3%), from €232,338 to €397,970
- Purchases and services -€1.8m
no longer reported in 2024 (was €1.8m)
- Gross operating margin -€11,555
down €11,555 (-271.9%), from -€4,250 to -€15,805
- Depreciation -€1,666
down €1,666 (-100.0%), from €1,666 to €0
- Other operating charges -€634
down €634 (-55.2%), from €1,147 to €513
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,989,760 | €3,908,149 | +€1.9m | +96.4% |
| Current assets | 29/58 | €1,989,760 | €3,908,149 | +€1.9m | +96.4% |
| Stocks and contracts in progress | 3 | €1,886,878 | €3,657,637 | +€1.8m | +93.8% |
| Stocks | 30/36 | €1,886,878 | €3,657,637 | +€1.8m | +93.8% |
| Amounts receivable within one year | 40/41 | €26,632 | €79,855 | +€53,223 | +199.8% |
| Trade receivables | 40 | €16,875 | €14,555 | -€2,321 | -13.8% |
| Other amounts receivable | 41 | €9,756 | €65,300 | +€55,544 | +569.3% |
| Cash at bank and in hand | 54/58 | €71,440 | €7,412 | -€64,028 | -89.6% |
| Deferred charges and accrued income | 490/1 | €4,810 | €163,245 | +€158,435 | +3293.9% |
| Total equity and liabilities | 10/49 | €1,989,760 | €3,908,149 | +€1.9m | +96.4% |
| Equity | 10/15 | €53,873 | €37,051 | -€16,822 | -31.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,627 | -€24,449 | -€16,822 | -220.6% |
| Amounts payable | 17/49 | €1,935,887 | €3,871,098 | +€1.9m | +100.0% |
| Amounts payable after more than one year | 17 | €1,540,000 | €2,850,000 | +€1.3m | +85.1% |
| Financial debts | 170/4 | €1,540,000 | €2,850,000 | +€1.3m | +85.1% |
| Amounts payable within one year | 42/48 | €163,549 | €623,128 | +€459,579 | +281.0% |
| Trade debts | 44 | €163,549 | €623,128 | +€459,579 | +281.0% |
| Suppliers | 440/4 | €163,549 | €623,128 | +€459,579 | +281.0% |
| Accrued charges and deferred income | 492/3 | €232,338 | €397,970 | +€165,632 | +71.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,805,073 | - | -€1.8m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €0 | -€1,666 | -100.0% |
| Other operating charges | 640/8 | €1,147 | €513 | -€634 | -55.2% |
| Gross operating margin | 9900 | -€4,250 | -€15,805 | -€11,555 | -271.9% |
| Operating profit (loss) | 9901 | -€7,063 | -€16,318 | -€9,255 | -131.0% |
| Financial charges | 65/66B | €564 | €504 | -€60 | -10.6% |
| Recurring financial charges | 65 | €564 | €504 | -€60 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,627 | -€16,822 | -€9,195 | -120.6% |
| Profit (loss) for the period | 9904 | -€7,627 | -€16,822 | -€9,195 | -120.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,627 | -€16,822 | -€9,195 | -120.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.