Bright 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.
Bright Projects
Largest movements
- Tangible fixed assets -€11,552
down €11,552 (-2.6%), from €440,087 to €428,535
- Debts after one year -€31,603
down €31,603 (-8.4%), from €376,938 to €345,335
of which Financial debts: -€26,603
- Profit (loss) carried forward +€11,091
up €11,091, from -€11,091 to €0
- Gross operating margin +€3,599
up €3,599 (+10.1%), from €35,634 to €39,233
- Financial charges -€1,047
down €1,047 (-10.8%), from €9,733 to €8,687
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 | €452,946 | €436,588 | -€16,358 | -3.6% |
| Fixed assets | 21/28 | €440,087 | €428,535 | -€11,552 | -2.6% |
| Tangible fixed assets | 22/27 | €440,087 | €428,535 | -€11,552 | -2.6% |
| Land and buildings | 22 | €440,087 | €428,535 | -€11,552 | -2.6% |
| Current assets | 29/58 | €12,859 | €8,053 | -€4,806 | -37.4% |
| Cash at bank and in hand | 54/58 | €9,359 | €7,803 | -€1,556 | -16.6% |
| Deferred charges and accrued income | 490/1 | €3,500 | €250 | -€3,250 | -92.9% |
| Total equity and liabilities | 10/49 | €452,946 | €436,588 | -€16,358 | -3.6% |
| Equity | 10/15 | €43,909 | €55,139 | +€11,229 | +25.6% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | - | €139 | +€139 | |
| Distributable reserves | 133 | - | €139 | +€139 | |
| Profit (loss) carried forward | 14 | -€11,091 | €0 | +€11,091 | |
| Amounts payable | 17/49 | €409,037 | €381,449 | -€27,588 | -6.7% |
| Amounts payable after more than one year | 17 | €376,938 | €345,335 | -€31,603 | -8.4% |
| Financial debts | 170/4 | €315,438 | €288,835 | -€26,603 | -8.4% |
| Other amounts payable | 178/9 | €61,500 | €56,500 | -€5,000 | -8.1% |
| Amounts payable within one year | 42/48 | €32,099 | €36,115 | +€4,015 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €26,212 | €26,603 | +€391 | +1.5% |
| Trade debts | 44 | €1,536 | €828 | -€708 | -46.1% |
| Suppliers | 440/4 | €1,536 | €828 | -€708 | -46.1% |
| Taxes, remuneration and social security | 45 | - | €38 | +€38 | |
| Taxes | 450/3 | - | €38 | +€38 | |
| Other amounts payable | 47/48 | €4,351 | €8,646 | +€4,295 | +98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,552 | €11,552 | = | 0.0% |
| Other operating charges | 640/8 | €2,647 | €2,728 | +€81 | +3.0% |
| Gross operating margin | 9900 | €35,634 | €39,233 | +€3,599 | +10.1% |
| Operating profit (loss) | 9901 | €21,435 | €24,953 | +€3,519 | +16.4% |
| Financial charges | 65/66B | €9,733 | €8,687 | -€1,047 | -10.8% |
| Recurring financial charges | 65 | €9,733 | €8,687 | -€1,047 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €11,701 | €16,267 | +€4,566 | +39.0% |
| Income taxes | 67/77 | - | €38 | +€38 | |
| Profit (loss) for the period | 9904 | €11,701 | €16,229 | +€4,528 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,701 | €16,229 | +€4,528 | +38.7% |
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 6 October 2026 via checked.be.