BK 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.
BK PROJECTS
Largest movements
- Cash -€12,442
down €12,442 (-8.4%), from €147,497 to €135,055
mainly Tax, wage and social debts (-€17,955) and Other debts (-€17,717)
- Receivables within one year -€10,800
down €10,800 (-37.2%), from €29,061 to €18,262
of which Trade receivables: -€11,346
- Tangible fixed assets -€4,266
down €4,266 (-7.5%), from €56,865 to €52,599
of which Furniture and vehicles: -€7,307
- Tax, wage and social debts -€17,955
down €17,955 (-62.4%), from €28,779 to €10,824
of which Taxes: -€20,650
- Other debts -€17,717
down €17,717 (-63.4%), from €27,946 to €10,229
- Trade debts +€11,063
up €11,063 (+4609.1%), from €240 to €11,303
- Debts after one year -€8,688
down €8,688 (-92.1%), from €9,430 to €742
- Reserves +€5,435
up €5,435 (+3.5%), from €156,794 to €162,229
- Gross operating margin -€20,871
down €20,871 (-34.6%), from €60,362 to €39,492
- Taxes -€4,330
down €4,330 (-44.2%), from €9,791 to €5,461
- Depreciation -€3,950
down €3,950 (-18.9%), from €20,854 to €16,904
- Other operating charges -€1,662
down €1,662 (-64.2%), from €2,590 to €927
- Financial charges -€684
down €684 (-40.0%), from €1,713 to €1,028
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 | €236,799 | €209,415 | -€27,384 | -11.6% |
| Fixed assets | 21/28 | €56,865 | €52,599 | -€4,266 | -7.5% |
| Tangible fixed assets | 22/27 | €56,865 | €52,599 | -€4,266 | -7.5% |
| Plant, machinery and equipment | 23 | €415 | €277 | -€139 | -33.3% |
| Furniture and vehicles | 24 | €51,979 | €44,672 | -€7,307 | -14.1% |
| Other tangible fixed assets | 26 | €4,470 | €7,650 | +€3,179 | +71.1% |
| Current assets | 29/58 | €179,934 | €156,816 | -€23,118 | -12.8% |
| Amounts receivable within one year | 40/41 | €29,061 | €18,262 | -€10,800 | -37.2% |
| Trade receivables | 40 | €12,839 | €1,494 | -€11,346 | -88.4% |
| Other amounts receivable | 41 | €16,222 | €16,768 | +€546 | +3.4% |
| Cash at bank and in hand | 54/58 | €147,497 | €135,055 | -€12,442 | -8.4% |
| Deferred charges and accrued income | 490/1 | €3,376 | €3,499 | +€123 | +3.6% |
| Total equity and liabilities | 10/49 | €236,799 | €209,415 | -€27,384 | -11.6% |
| Equity | 10/15 | €161,794 | €167,229 | +€5,435 | +3.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €156,794 | €162,229 | +€5,435 | +3.5% |
| Distributable reserves | 133 | €156,794 | €162,229 | +€5,435 | +3.5% |
| Amounts payable | 17/49 | €75,005 | €42,186 | -€32,819 | -43.8% |
| Amounts payable after more than one year | 17 | €9,430 | €742 | -€8,688 | -92.1% |
| Financial debts | 170/4 | €9,430 | €742 | -€8,688 | -92.1% |
| Amounts payable within one year | 42/48 | €65,575 | €41,044 | -€24,531 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €8,611 | €8,688 | +€77 | +0.9% |
| Trade debts | 44 | €240 | €11,303 | +€11,063 | +4609.1% |
| Suppliers | 440/4 | €240 | €11,303 | +€11,063 | +4609.1% |
| Taxes, remuneration and social security | 45 | €28,779 | €10,824 | -€17,955 | -62.4% |
| Taxes | 450/3 | €28,779 | €8,129 | -€20,650 | -71.8% |
| Remuneration and social security | 454/9 | - | €2,695 | +€2,695 | |
| Other amounts payable | 47/48 | €27,946 | €10,229 | -€17,717 | -63.4% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €6,198 | - | -€6,198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,854 | €16,904 | -€3,950 | -18.9% |
| Other operating charges | 640/8 | €2,590 | €927 | -€1,662 | -64.2% |
| Gross operating margin | 9900 | €60,362 | €39,492 | -€20,871 | -34.6% |
| Operating profit (loss) | 9901 | €36,918 | €21,661 | -€15,258 | -41.3% |
| Financial income | 75/76B | €578 | €1,031 | +€453 | +78.4% |
| Recurring financial income | 75 | €578 | €1,031 | +€453 | +78.4% |
| Financial charges | 65/66B | €1,713 | €1,028 | -€684 | -40.0% |
| Recurring financial charges | 65 | €1,713 | €1,028 | -€684 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €35,784 | €21,664 | -€14,120 | -39.5% |
| Income taxes | 67/77 | €9,791 | €5,461 | -€4,330 | -44.2% |
| Profit (loss) for the period | 9904 | €25,993 | €16,203 | -€9,790 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,993 | €16,203 | -€9,790 | -37.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.