BL 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.
BL PROJECTS
Largest movements
- Deferred charges and accrued income -€11,650
down €11,650 (-93.2%), from €12,500 to €850
- Cash +€7,561
new in 2025: €7,561
mainly Deferred charges and accrued income (+€11,650) and Tax, wage and social debts (+€4,382)
- Receivables within one year +€581
up €581 (+3.1%), from €18,755 to €19,336
- Trade debts -€12,249
down €12,249 (-88.4%), from €13,850 to €1,601
- Tax, wage and social debts +€4,382
up €4,382 (+28.3%), from €15,463 to €19,846
of which Taxes: +€7,302
- Other debts +€4,013
up €4,013 (+46.2%), from €8,681 to €12,695
- Profit (loss) carried forward +€350
up €350 (+1.7%), from -€21,093 to -€20,744
- Gross operating margin +€79,195
up €79,195 (+304.7%), from €25,992 to €105,187
- Staff costs +€79,176
up €79,176 (+315.7%), from €25,079 to €104,256
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 | €31,255 | €27,747 | -€3,508 | -11.2% |
| Current assets | 29/58 | €31,255 | €27,747 | -€3,508 | -11.2% |
| Amounts receivable within one year | 40/41 | €18,755 | €19,336 | +€581 | +3.1% |
| Trade receivables | 40 | €18,755 | €19,336 | +€581 | +3.1% |
| Cash at bank and in hand | 54/58 | - | €7,561 | +€7,561 | |
| Deferred charges and accrued income | 490/1 | €12,500 | €850 | -€11,650 | -93.2% |
| Total equity and liabilities | 10/49 | €31,255 | €27,747 | -€3,508 | -11.2% |
| Equity | 10/15 | -€6,744 | -€6,394 | +€350 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €8,149 | €8,149 | = | 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% |
| Distributable reserves | 133 | €6,289 | €6,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,093 | -€20,744 | +€350 | +1.7% |
| Amounts payable | 17/49 | €37,999 | €34,141 | -€3,858 | -10.2% |
| Amounts payable within one year | 42/48 | €37,999 | €34,141 | -€3,858 | -10.2% |
| Financial debts | 43 | €5 | - | -€5 | |
| Credit institutions | 430/8 | €5 | - | -€5 | |
| Trade debts | 44 | €13,850 | €1,601 | -€12,249 | -88.4% |
| Suppliers | 440/4 | €13,850 | €1,601 | -€12,249 | -88.4% |
| Taxes, remuneration and social security | 45 | €15,463 | €19,846 | +€4,382 | +28.3% |
| Taxes | 450/3 | €2,958 | €10,259 | +€7,302 | +246.9% |
| Remuneration and social security | 454/9 | €12,506 | €9,587 | -€2,919 | -23.3% |
| Other amounts payable | 47/48 | €8,681 | €12,695 | +€4,013 | +46.2% |
| Remuneration, social security and pensions | 62 | €25,079 | €104,256 | +€79,176 | +315.7% |
| Other operating charges | 640/8 | €601 | €400 | -€201 | -33.4% |
| Gross operating margin | 9900 | €25,992 | €105,187 | +€79,195 | +304.7% |
| Operating profit (loss) | 9901 | €312 | €531 | +€220 | +70.5% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €5 | €54 | +€50 | +1104.2% |
| Recurring financial charges | 65 | €5 | €54 | +€50 | +1104.2% |
| Profit (loss) for the period before taxes | 9903 | €313 | €477 | +€164 | +52.2% |
| Income taxes | 67/77 | €85 | €127 | +€42 | +49.1% |
| Profit (loss) for the period | 9904 | €228 | €350 | +€122 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €228 | €350 | +€122 | +53.4% |
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 5 October 2026 via checked.be.