Bridging Projects: 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.
Bridging Projects
Largest movements
- Cash -€29,411
down €29,411 (-59.2%), from €49,712 to €20,301
mainly Contributions, distributions and other (-€87,712) and Investment in fixed assets (net) (-€18,956)
- Receivables within one year -€20,421
down €20,421 (-28.0%), from €72,949 to €52,528
of which Other amounts receivable: -€11,546
- Tangible fixed assets +€12,108
up €12,108 (+11.2%), from €108,191 to €120,298
of which Furniture and vehicles: +€12,593
- Reserves -€69,820
down €69,820 (-29.7%), from €235,434 to €165,613
- Other debts +€20,066
up €20,066 (+2,130%), from €942 to €21,008
- Tax, wage and social debts +€13,549
up €13,549 (+48.2%), from €28,118 to €41,667
- Other operating charges +€19,588
up €19,588 (+17,808%), from €110 to €19,698
- Gross operating margin +€11,298
up €11,298 (+25.0%), from €45,205 to €56,503
- Taxes -€1,225
down €1,225 (-9.3%), from €13,138 to €11,912
- Depreciation -€1,071
down €1,071 (-13.5%), from €7,920 to €6,849
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 | €268,336 | €230,793 | -€37,543 | -14.0% |
| Fixed assets | 21/28 | €145,675 | €157,783 | +€12,108 | +8.3% |
| Tangible fixed assets | 22/27 | €108,191 | €120,298 | +€12,108 | +11.2% |
| Land and buildings | 22 | €87,902 | €95,829 | +€7,928 | +9.0% |
| Plant, machinery and equipment | 23 | €12,539 | €4,126 | -€8,413 | -67.1% |
| Furniture and vehicles | 24 | €7,750 | €20,343 | +€12,593 | +162% |
| Financial fixed assets | 28 | €37,484 | €37,484 | = | 0.0% |
| Current assets | 29/58 | €122,661 | €73,011 | -€49,651 | -40.5% |
| Amounts receivable within one year | 40/41 | €72,949 | €52,528 | -€20,421 | -28.0% |
| Trade receivables | 40 | €39,731 | €30,855 | -€8,876 | -22.3% |
| Other amounts receivable | 41 | €33,219 | €21,673 | -€11,546 | -34.8% |
| Cash at bank and in hand | 54/58 | €49,712 | €20,301 | -€29,411 | -59.2% |
| Deferred charges and accrued income | 490/1 | - | €182 | +€182 | |
| Total equity and liabilities | 10/49 | €268,336 | €230,793 | -€37,543 | -14.0% |
| Equity | 10/15 | €235,534 | €165,713 | -€69,820 | -29.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €235,434 | €165,613 | -€69,820 | -29.7% |
| Distributable reserves | 133 | €235,434 | €165,613 | -€69,820 | -29.7% |
| Amounts payable | 17/49 | €32,803 | €65,080 | +€32,277 | +98.4% |
| Amounts payable within one year | 42/48 | €31,893 | €63,934 | +€32,041 | +100% |
| Trade debts | 44 | €2,833 | €1,259 | -€1,574 | -55.6% |
| Suppliers | 440/4 | €2,833 | €1,259 | -€1,574 | -55.6% |
| Taxes, remuneration and social security | 45 | €28,118 | €41,667 | +€13,549 | +48.2% |
| Taxes | 450/3 | €28,118 | €41,667 | +€13,549 | +48.2% |
| Other amounts payable | 47/48 | €942 | €21,008 | +€20,066 | +2,130% |
| Accrued charges and deferred income | 492/3 | €910 | €1,146 | +€236 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,920 | €6,849 | -€1,071 | -13.5% |
| Other operating charges | 640/8 | €110 | €19,698 | +€19,588 | +17,808% |
| Gross operating margin | 9900 | €45,205 | €56,503 | +€11,298 | +25.0% |
| Operating profit (loss) | 9901 | €37,175 | €29,956 | -€7,219 | -19.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €131 | €154 | +€23 | +17.4% |
| Recurring financial charges | 65 | €131 | €154 | +€23 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €37,044 | €29,804 | -€7,240 | -19.5% |
| Income taxes | 67/77 | €13,138 | €11,912 | -€1,225 | -9.3% |
| Profit (loss) for the period | 9904 | €23,906 | €17,892 | -€6,015 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,906 | €17,892 | -€6,015 | -25.2% |
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 14 October 2026 via checked.be.