BK PROJECTEN: 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.
BK PROJECTEN
Largest movements
- Stocks and contracts +€2.7m
up €2.7m (+161%), from €1.7m to €4.5m
of which Contracts in progress: +€2.7m
- Cash +€459,292
up €459,292 (+85.1%), from €539,756 to €999,049
mainly Advances received (+€3.1m) and Short-term financial debts (+€1.1m)
- Receivables within one year +€383,326
up €383,326 (+131%), from €292,654 to €675,980
of which Trade receivables: +€381,248
- Advances received +€3.1m
up €3.1m (+530%), from €589,734 to €3.7m
- Short-term financial debts +€1.1m
up €1.1m (+243%), from €460,000 to €1.6m
- Profit (loss) carried forward -€423,888
down €423,888 (-397%), from -€106,889 to -€530,778
- Trade debts -€164,471
down €164,471 (-18.4%), from €895,924 to €731,453
- Gross operating margin -€212,126
down €212,126 (-330%), from -€64,226 to -€276,352
- Financial charges +€74,330
up €74,330 (+250%), from €29,765 to €104,095
- Staff costs -€28,913
down €28,913 (-48.0%), from €60,299 to €31,386
- Financial income +€9,616
up €9,616 (+542%), from €1,773 to €11,389
- Depreciation -€8,785
down €8,785 (-31.8%), from €27,599 to €18,814
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 | €2,578,478 | €6,155,936 | +€3.6m | +139% |
| Fixed assets | 21/28 | €30,914 | €19,555 | -€11,359 | -36.7% |
| Intangible fixed assets | 21 | €5,485 | €0 | -€5,485 | -100% |
| Tangible fixed assets | 22/27 | €25,429 | €19,555 | -€5,874 | -23.1% |
| Plant, machinery and equipment | 23 | €22,811 | €13,237 | -€9,574 | -42.0% |
| Furniture and vehicles | 24 | €2,618 | €6,318 | +€3,701 | +141% |
| Current assets | 29/58 | €2,547,564 | €6,136,381 | +€3.6m | +141% |
| Stocks and contracts in progress | 3 | €1,707,332 | €4,452,041 | +€2.7m | +161% |
| Stocks | 30/36 | €20,898 | €34,063 | +€13,165 | +63.0% |
| Contracts in progress | 37 | €1,686,433 | €4,417,978 | +€2.7m | +162% |
| Amounts receivable within one year | 40/41 | €292,654 | €675,980 | +€383,326 | +131% |
| Trade receivables | 40 | €246,185 | €627,433 | +€381,248 | +155% |
| Other amounts receivable | 41 | €46,470 | €48,548 | +€2,078 | +4.5% |
| Cash at bank and in hand | 54/58 | €539,756 | €999,049 | +€459,292 | +85.1% |
| Deferred charges and accrued income | 490/1 | €7,822 | €9,311 | +€1,490 | +19.0% |
| Total equity and liabilities | 10/49 | €2,578,478 | €6,155,936 | +€3.6m | +139% |
| Equity | 10/15 | -€100,689 | -€524,578 | -€423,888 | -421% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,889 | -€530,778 | -€423,888 | -397% |
| Amounts payable | 17/49 | €2,679,167 | €6,680,514 | +€4.0m | +149% |
| Amounts payable within one year | 42/48 | €2,671,731 | €6,670,500 | +€4.0m | +150% |
| Financial debts | 43 | €460,000 | €1,579,769 | +€1.1m | +243% |
| Credit institutions | 430/8 | €460,000 | €1,579,769 | +€1.1m | +243% |
| Trade debts | 44 | €895,924 | €731,453 | -€164,471 | -18.4% |
| Suppliers | 440/4 | €895,924 | €731,453 | -€164,471 | -18.4% |
| Advances received on contracts in progress | 46 | €589,734 | €3,714,532 | +€3.1m | +530% |
| Taxes, remuneration and social security | 45 | €63,390 | €5,106 | -€58,284 | -91.9% |
| Taxes | 450/3 | €63,390 | €964 | -€62,427 | -98.5% |
| Remuneration and social security | 454/9 | €0 | €4,142 | +€4,142 | |
| Other amounts payable | 47/48 | €662,684 | €639,640 | -€23,044 | -3.5% |
| Accrued charges and deferred income | 492/3 | €7,436 | €10,014 | +€2,578 | +34.7% |
| Remuneration, social security and pensions | 62 | €60,299 | €31,386 | -€28,913 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,599 | €18,814 | -€8,785 | -31.8% |
| Other operating charges | 640/8 | €1,044 | €4,631 | +€3,587 | +344% |
| Gross operating margin | 9900 | -€64,226 | -€276,352 | -€212,126 | -330% |
| Operating profit (loss) | 9901 | -€153,168 | -€331,182 | -€178,015 | -116% |
| Financial income | 75/76B | €1,773 | €11,389 | +€9,616 | +542% |
| Recurring financial income | 75 | €1,773 | €11,389 | +€9,616 | +542% |
| Financial charges | 65/66B | €29,765 | €104,095 | +€74,330 | +250% |
| Recurring financial charges | 65 | €29,765 | €104,095 | +€74,330 | +250% |
| Profit (loss) for the period before taxes | 9903 | -€181,160 | -€423,888 | -€242,729 | -134% |
| Income taxes | 67/77 | €76 | €0 | -€76 | -100% |
| Profit (loss) for the period | 9904 | -€181,236 | -€423,888 | -€242,653 | -134% |
| Profit (loss) for the period to be appropriated | 9905 | -€181,236 | -€423,888 | -€242,653 | -134% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.