BNS 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.
BNS PROJECTS
Largest movements
- Receivables within one year +€4,716
up €4,716 (+48.3%), from €9,765 to €14,480
of which Trade receivables: +€2,382
- Cash +€3,265
up €3,265 (+38.8%), from €8,414 to €11,679
mainly Net result for the year (+€18,011) and Other debts (+€1,909)
- Tangible fixed assets +€703
up €703 (+30.5%), from €2,307 to €3,010
of which Plant, machinery and equipment: +€1,385
- Deferred charges and accrued income +€638
up €638 (+74.0%), from €863 to €1,501
- Profit (loss) carried forward +€17,000
up €17,000, from €0 to €17,000
- Reserves -€11,190
down €11,190 (-91.7%), from €12,201 to €1,011
- Other debts +€1,909
up €1,909 (+415.4%), from €460 to €2,369
- Tax, wage and social debts +€1,640
up €1,640 (+26.8%), from €6,116 to €7,756
of which Taxes: +€1,580
- Gross operating margin +€9,932
up €9,932 (+50.7%), from €19,591 to €29,523
- Financial charges +€1,787
up €1,787 (+171.2%), from €1,044 to €2,830
- Taxes +€1,385
up €1,385 (+32.4%), from €4,277 to €5,662
- Other operating charges +€592
up €592 (+40.9%), from €1,449 to €2,042
- Depreciation +€358
up €358 (+57.7%), from €620 to €978
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 | €21,349 | €30,670 | +€9,321 | +43.7% |
| Fixed assets | 21/28 | €2,307 | €3,010 | +€703 | +30.5% |
| Tangible fixed assets | 22/27 | €2,307 | €3,010 | +€703 | +30.5% |
| Plant, machinery and equipment | 23 | €923 | €2,308 | +€1,385 | +150.1% |
| Furniture and vehicles | 24 | €1,385 | €702 | -€683 | -49.3% |
| Current assets | 29/58 | €19,041 | €27,660 | +€8,619 | +45.3% |
| Amounts receivable within one year | 40/41 | €9,765 | €14,480 | +€4,716 | +48.3% |
| Trade receivables | 40 | €9,759 | €12,142 | +€2,382 | +24.4% |
| Other amounts receivable | 41 | €6 | €2,339 | +€2,333 | +42271.7% |
| Cash at bank and in hand | 54/58 | €8,414 | €11,679 | +€3,265 | +38.8% |
| Deferred charges and accrued income | 490/1 | €863 | €1,501 | +€638 | +74.0% |
| Total equity and liabilities | 10/49 | €21,349 | €30,670 | +€9,321 | +43.7% |
| Equity | 10/15 | €14,701 | €20,511 | +€5,810 | +39.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,201 | €1,011 | -€11,190 | -91.7% |
| Distributable reserves | 133 | €12,201 | €1,011 | -€11,190 | -91.7% |
| Profit (loss) carried forward | 14 | €0 | €17,000 | +€17,000 | |
| Amounts payable | 17/49 | €6,648 | €10,159 | +€3,511 | +52.8% |
| Amounts payable within one year | 42/48 | €6,648 | €10,159 | +€3,511 | +52.8% |
| Trade debts | 44 | €72 | €34 | -€38 | -52.5% |
| Suppliers | 440/4 | €72 | €34 | -€38 | -52.5% |
| Taxes, remuneration and social security | 45 | €6,116 | €7,756 | +€1,640 | +26.8% |
| Taxes | 450/3 | €6,116 | €7,696 | +€1,580 | +25.8% |
| Remuneration and social security | 454/9 | - | €60 | +€60 | |
| Other amounts payable | 47/48 | €460 | €2,369 | +€1,909 | +415.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €978 | +€358 | +57.7% |
| Other operating charges | 640/8 | €1,449 | €2,042 | +€592 | +40.9% |
| Gross operating margin | 9900 | €19,591 | €29,523 | +€9,932 | +50.7% |
| Operating profit (loss) | 9901 | €17,522 | €26,504 | +€8,982 | +51.3% |
| Financial charges | 65/66B | €1,044 | €2,830 | +€1,787 | +171.2% |
| Recurring financial charges | 65 | €1,044 | €2,830 | +€1,787 | +171.2% |
| Profit (loss) for the period before taxes | 9903 | €16,478 | €23,673 | +€7,195 | +43.7% |
| Income taxes | 67/77 | €4,277 | €5,662 | +€1,385 | +32.4% |
| Profit (loss) for the period | 9904 | €12,201 | €18,011 | +€5,810 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,201 | €18,011 | +€5,810 | +47.6% |
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.