BJ 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.
BJ Projects
Largest movements
- Stocks and contracts -€14,000
down €14,000 (-16.7%), from €84,000 to €70,000
- Tangible fixed assets +€6,239
up €6,239 (+148.8%), from €4,191 to €10,430
- Receivables within one year -€5,161
down €5,161 (-13.9%), from €37,094 to €31,932
of which Trade receivables: -€8,186
- Current investments -€4,097
no longer reported in 2025 (was €4,097)
- Cash +€3,355
new in 2025: €3,355
mainly Stocks and contracts (+€14,000) and Tax, wage and social debts (+€11,816)
- Debts after one year -€18,000
down €18,000 (-17.8%), from €101,301 to €83,301
- Tax, wage and social debts +€11,816
up €11,816 (+112.5%), from €10,505 to €22,321
- Short-term financial debts -€6,211
down €6,211 (-48.7%), from €12,744 to €6,533
- Trade debts -€2,093
down €2,093 (-72.3%), from €2,895 to €803
- Gross operating margin +€6,621
up €6,621 (+89.0%), from €7,438 to €14,059
- Taxes +€6,143
new in 2025: €6,143
- Depreciation +€866
up €866 (+52.2%), from €1,658 to €2,523
- Financial income -€288
down €288 (-100.0%), from €288 to €0
- Financial charges +€181
up €181 (+5.6%), from €3,247 to €3,428
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 | €129,383 | €115,717 | -€13,665 | -10.6% |
| Fixed assets | 21/28 | €4,191 | €10,430 | +€6,239 | +148.8% |
| Tangible fixed assets | 22/27 | €4,191 | €10,430 | +€6,239 | +148.8% |
| Furniture and vehicles | 24 | €4,191 | €10,430 | +€6,239 | +148.8% |
| Current assets | 29/58 | €125,191 | €105,287 | -€19,904 | -15.9% |
| Stocks and contracts in progress | 3 | €84,000 | €70,000 | -€14,000 | -16.7% |
| Stocks | 30/36 | €84,000 | €70,000 | -€14,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €37,094 | €31,932 | -€5,161 | -13.9% |
| Trade receivables | 40 | €32,053 | €23,868 | -€8,186 | -25.5% |
| Other amounts receivable | 41 | €5,040 | €8,065 | +€3,025 | +60.0% |
| Current investments | 50/53 | €4,097 | - | -€4,097 | |
| Cash at bank and in hand | 54/58 | - | €3,355 | +€3,355 | |
| Total equity and liabilities | 10/49 | €129,383 | €115,717 | -€13,665 | -10.6% |
| Equity | 10/15 | €1,938 | €2,760 | +€822 | +42.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€18,522 | -€17,700 | +€822 | +4.4% |
| Amounts payable | 17/49 | €127,444 | €112,957 | -€14,487 | -11.4% |
| Amounts payable after more than one year | 17 | €101,301 | €83,301 | -€18,000 | -17.8% |
| Financial debts | 170/4 | €101,301 | €83,301 | -€18,000 | -17.8% |
| Amounts payable within one year | 42/48 | €26,143 | €29,656 | +€3,513 | +13.4% |
| Financial debts | 43 | €12,744 | €6,533 | -€6,211 | -48.7% |
| Credit institutions | 430/8 | €12,744 | €6,533 | -€6,211 | -48.7% |
| Trade debts | 44 | €2,895 | €803 | -€2,093 | -72.3% |
| Suppliers | 440/4 | €2,895 | €803 | -€2,093 | -72.3% |
| Taxes, remuneration and social security | 45 | €10,505 | €22,321 | +€11,816 | +112.5% |
| Taxes | 450/3 | €10,505 | €22,321 | +€11,816 | +112.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,658 | €2,523 | +€866 | +52.2% |
| Other operating charges | 640/8 | €1,012 | €1,143 | +€131 | +12.9% |
| Gross operating margin | 9900 | €7,438 | €14,059 | +€6,621 | +89.0% |
| Operating profit (loss) | 9901 | €4,768 | €10,392 | +€5,624 | +117.9% |
| Financial income | 75/76B | €288 | €0 | -€288 | -100.0% |
| Recurring financial income | 75 | €288 | €0 | -€288 | -100.0% |
| Financial charges | 65/66B | €3,247 | €3,428 | +€181 | +5.6% |
| Recurring financial charges | 65 | €3,247 | €3,428 | +€181 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €1,809 | €6,964 | +€5,156 | +285.1% |
| Income taxes | 67/77 | - | €6,143 | +€6,143 | |
| Profit (loss) for the period | 9904 | €1,809 | €822 | -€987 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,809 | €822 | -€987 | -54.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.