BNL-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.
BNL-Projects
Largest movements
- Cash -€7,287
down €7,287 (-17.2%), from €42,390 to €35,103
mainly Investment in fixed assets (net) (-€7,180) and Receivables within one year (-€6,397)
- Receivables within one year +€6,397
up €6,397 (+48.0%), from €13,324 to €19,720
of which Other amounts receivable: +€6,698
- Tangible fixed assets +€2,617
up €2,617 (+36.0%), from €7,266 to €9,883
of which Land and buildings: +€6,951
- Deferred charges and accrued income -€1,995
down €1,995 (-62.1%), from €3,213 to €1,218
- Reserves +€7,573
up €7,573 (+17.1%), from €44,325 to €51,898
- Debts after one year -€3,450
no longer reported in 2025 (was €3,450)
- Trade debts -€2,504
down €2,504 (-43.5%), from €5,763 to €3,259
- Current portion of long-term debt -€938
down €938 (-21.4%), from €4,388 to €3,450
- Gross operating margin -€16,776
down €16,776 (-43.2%), from €38,875 to €22,099
- Taxes -€1,459
down €1,459 (-17.6%), from €8,274 to €6,815
- Financial charges -€1,245
down €1,245 (-45.8%), from €2,719 to €1,474
- Other operating charges +€1,017
up €1,017 (+119.3%), from €853 to €1,870
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 | €66,493 | €66,224 | -€269 | -0.4% |
| Fixed assets | 21/28 | €7,566 | €10,183 | +€2,617 | +34.6% |
| Tangible fixed assets | 22/27 | €7,266 | €9,883 | +€2,617 | +36.0% |
| Land and buildings | 22 | - | €6,951 | +€6,951 | |
| Furniture and vehicles | 24 | €7,266 | €2,932 | -€4,333 | -59.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €58,927 | €56,041 | -€2,886 | -4.9% |
| Amounts receivable within one year | 40/41 | €13,324 | €19,720 | +€6,397 | +48.0% |
| Trade receivables | 40 | €11,798 | €11,496 | -€301 | -2.6% |
| Other amounts receivable | 41 | €1,526 | €8,224 | +€6,698 | +438.9% |
| Cash at bank and in hand | 54/58 | €42,390 | €35,103 | -€7,287 | -17.2% |
| Deferred charges and accrued income | 490/1 | €3,213 | €1,218 | -€1,995 | -62.1% |
| Total equity and liabilities | 10/49 | €66,493 | €66,224 | -€269 | -0.4% |
| Equity | 10/15 | €47,325 | €54,898 | +€7,573 | +16.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,325 | €51,898 | +€7,573 | +17.1% |
| Distributable reserves | 133 | €44,325 | €51,898 | +€7,573 | +17.1% |
| Amounts payable | 17/49 | €19,168 | €11,326 | -€7,842 | -40.9% |
| Amounts payable after more than one year | 17 | €3,450 | - | -€3,450 | |
| Financial debts | 170/4 | €3,450 | - | -€3,450 | |
| Amounts payable within one year | 42/48 | €15,718 | €11,326 | -€4,392 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €4,388 | €3,450 | -€938 | -21.4% |
| Trade debts | 44 | €5,763 | €3,259 | -€2,504 | -43.5% |
| Suppliers | 440/4 | €5,763 | €3,259 | -€2,504 | -43.5% |
| Taxes, remuneration and social security | 45 | €5,118 | €4,617 | -€500 | -9.8% |
| Taxes | 450/3 | €5,118 | €4,617 | -€500 | -9.8% |
| Other amounts payable | 47/48 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,333 | €4,562 | +€229 | +5.3% |
| Other operating charges | 640/8 | €853 | €1,870 | +€1,017 | +119.3% |
| Gross operating margin | 9900 | €38,875 | €22,099 | -€16,776 | -43.2% |
| Operating profit (loss) | 9901 | €33,689 | €15,667 | -€18,023 | -53.5% |
| Financial income | 75/76B | €5 | €196 | +€191 | +3806.4% |
| Recurring financial income | 75 | €5 | €196 | +€191 | +3806.4% |
| Financial charges | 65/66B | €2,719 | €1,474 | -€1,245 | -45.8% |
| Recurring financial charges | 65 | €2,719 | €1,474 | -€1,245 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €30,975 | €14,388 | -€16,587 | -53.5% |
| Income taxes | 67/77 | €8,274 | €6,815 | -€1,459 | -17.6% |
| Profit (loss) for the period | 9904 | €22,701 | €7,573 | -€15,128 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,701 | €7,573 | -€15,128 | -66.6% |
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 7 October 2026 via checked.be.