BIF 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.
BIF PROJECTS
Largest movements
- Receivables within one year +€24,297
up €24,297, from €0 to €24,297
of which Trade receivables: +€22,990
- Tangible fixed assets +€20,513
up €20,513 (+11298.7%), from €182 to €20,694
of which Land and buildings: +€16,860
- Cash -€11,767
down €11,767 (-34.9%), from €33,687 to €21,920
mainly Receivables within one year (-€24,297) and Investment in fixed assets (net) (-€21,492)
- Deferred charges and accrued income -€2,296
down €2,296 (-78.4%), from €2,928 to €631
- Debts after one year +€24,122
new in 2025: €24,122
- Profit (loss) carried forward +€16,581
up €16,581, from -€16,581 to €0
- Other debts -€14,064
down €14,064 (-75.4%), from €18,652 to €4,588
- Accrued charges and deferred income -€9,050
down €9,050 (-100.0%), from €9,050 to €0
- Trade debts +€9,005
up €9,005 (+254.1%), from €3,544 to €12,549
- Gross operating margin +€38,401
up €38,401, from -€877 to €37,524
- Other operating charges +€5,734
up €5,734 (+396.2%), from €1,447 to €7,182
- Taxes +€2,542
up €2,542 (+525.2%), from €484 to €3,026
- Financial charges +€1,208
up €1,208 (+66.3%), from €1,823 to €3,031
- Depreciation +€817
up €817 (+504.4%), from €162 to €979
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 | €37,296 | €68,042 | +€30,746 | +82.4% |
| Fixed assets | 21/28 | €682 | €21,194 | +€20,513 | +3009.7% |
| Tangible fixed assets | 22/27 | €182 | €20,694 | +€20,513 | +11298.7% |
| Land and buildings | 22 | - | €16,860 | +€16,860 | |
| Furniture and vehicles | 24 | €182 | €3,834 | +€3,653 | +2012.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €36,615 | €46,848 | +€10,234 | +27.9% |
| Amounts receivable within one year | 40/41 | €0 | €24,297 | +€24,297 | |
| Trade receivables | 40 | €0 | €22,990 | +€22,990 | |
| Other amounts receivable | 41 | €0 | €1,307 | +€1,307 | |
| Cash at bank and in hand | 54/58 | €33,687 | €21,920 | -€11,767 | -34.9% |
| Deferred charges and accrued income | 490/1 | €2,928 | €631 | -€2,296 | -78.4% |
| Total equity and liabilities | 10/49 | €37,296 | €68,042 | +€30,746 | +82.4% |
| Equity | 10/15 | -€2,994 | €18,613 | +€21,606 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,387 | €12,413 | +€5,025 | +68.0% |
| Distributable reserves | 133 | €7,387 | €12,413 | +€5,025 | +68.0% |
| Profit (loss) carried forward | 14 | -€16,581 | €0 | +€16,581 | |
| Amounts payable | 17/49 | €40,290 | €49,430 | +€9,140 | +22.7% |
| Amounts payable after more than one year | 17 | - | €24,122 | +€24,122 | |
| Financial debts | 170/4 | - | €24,122 | +€24,122 | |
| Amounts payable within one year | 42/48 | €31,240 | €25,308 | -€5,932 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €578 | €579 | +€1 | +0.1% |
| Credit institutions | 430/8 | €578 | €579 | +€1 | +0.1% |
| Trade debts | 44 | €3,544 | €12,549 | +€9,005 | +254.1% |
| Suppliers | 440/4 | €3,544 | €12,549 | +€9,005 | +254.1% |
| Taxes, remuneration and social security | 45 | €8,466 | €7,592 | -€874 | -10.3% |
| Taxes | 450/3 | €7,328 | €7,592 | +€263 | +3.6% |
| Remuneration and social security | 454/9 | €1,137 | €0 | -€1,137 | -100.0% |
| Other amounts payable | 47/48 | €18,652 | €4,588 | -€14,064 | -75.4% |
| Accrued charges and deferred income | 492/3 | €9,050 | €0 | -€9,050 | -100.0% |
| Non-recurring operating income | 76A | - | €7,459 | +€7,459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162 | €979 | +€817 | +504.4% |
| Other operating charges | 640/8 | €1,447 | €7,182 | +€5,734 | +396.2% |
| Non-recurring operating charges | 66A | - | €1,700 | +€1,700 | |
| Gross operating margin | 9900 | -€877 | €37,524 | +€38,401 | |
| Operating profit (loss) | 9901 | -€2,486 | €27,663 | +€30,150 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,823 | €3,031 | +€1,208 | +66.3% |
| Recurring financial charges | 65 | €1,823 | €3,031 | +€1,208 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,309 | €24,633 | +€28,941 | |
| Income taxes | 67/77 | €484 | €3,026 | +€2,542 | +525.2% |
| Profit (loss) for the period | 9904 | -€4,793 | €21,606 | +€26,399 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,793 | €21,606 | +€26,399 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.