BRISTOL 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.
BRISTOL PROJECTS
Largest movements
- Tangible fixed assets +€351,262
up €351,262 (+15.6%), from €2.3m to €2.6m
- Receivables after one year -€345,123
down €345,123 (-55.2%), from €624,926 to €279,803
- Receivables within one year -€71,719
down €71,719 (-11.2%), from €643,103 to €571,384
of which Other amounts receivable: -€71,907
- Cash -€45,419
down €45,419 (-71.2%), from €63,769 to €18,350
mainly Investment in fixed assets (net) (-€410,000) and Net result for the year (-€164,618)
- Other debts +€150,233
up €150,233 (+1,237%), from €12,149 to €162,382
- Profit (loss) carried forward -€130,096
down €130,096 (-20.8%), from €626,889 to €496,792
- Trade debts -€81,657
down €81,657 (-96.6%), from €84,534 to €2,877
- Taxes -€162,169
down €162,169 (-100%), from €162,169 to €0
- Other operating charges +€54,541
up €54,541 (+4,478%), from €1,218 to €55,759
- Gross operating margin -€35,563
down €35,563 (-72.7%), from -€48,902 to -€84,465
- Financial income -€4,674
down €4,674 (-16.3%), from €28,723 to €24,049
- Depreciation +€2,291
up €2,291 (+4.1%), from €56,447 to €58,738
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 | €3,613,295 | €3,497,910 | -€115,385 | -3.2% |
| Fixed assets | 21/28 | €2,251,112 | €2,602,374 | +€351,262 | +15.6% |
| Tangible fixed assets | 22/27 | €2,251,112 | €2,602,374 | +€351,262 | +15.6% |
| Land and buildings | 22 | €2,251,112 | €2,602,374 | +€351,262 | +15.6% |
| Current assets | 29/58 | €1,362,183 | €895,536 | -€466,647 | -34.3% |
| Amounts receivable after more than one year | 29 | €624,926 | €279,803 | -€345,123 | -55.2% |
| Other amounts receivable | 291 | €624,926 | €279,803 | -€345,123 | -55.2% |
| Amounts receivable within one year | 40/41 | €643,103 | €571,384 | -€71,719 | -11.2% |
| Trade receivables | 40 | - | €189 | +€189 | |
| Other amounts receivable | 41 | €643,103 | €571,196 | -€71,907 | -11.2% |
| Cash at bank and in hand | 54/58 | €63,769 | €18,350 | -€45,419 | -71.2% |
| Deferred charges and accrued income | 490/1 | €30,385 | €25,998 | -€4,387 | -14.4% |
| Total equity and liabilities | 10/49 | €3,613,295 | €3,497,910 | -€115,385 | -3.2% |
| Equity | 10/15 | €2,830,224 | €2,665,606 | -€164,618 | -5.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,141,835 | €2,107,313 | -€34,522 | -1.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,014,017 | €1,979,495 | -€34,522 | -1.7% |
| Distributable reserves | 133 | €121,668 | €121,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | €626,889 | €496,792 | -€130,096 | -20.8% |
| Provisions and deferred taxes | 16 | €671,339 | €659,832 | -€11,507 | -1.7% |
| Deferred taxes | 168 | €671,339 | €659,832 | -€11,507 | -1.7% |
| Amounts payable | 17/49 | €111,732 | €172,473 | +€60,741 | +54.4% |
| Amounts payable after more than one year | 17 | €6,040 | €5,640 | -€400 | -6.6% |
| Other amounts payable | 178/9 | €6,040 | €5,640 | -€400 | -6.6% |
| Amounts payable within one year | 42/48 | €105,386 | €165,890 | +€60,504 | +57.4% |
| Trade debts | 44 | €84,534 | €2,877 | -€81,657 | -96.6% |
| Suppliers | 440/4 | €84,534 | €2,877 | -€81,657 | -96.6% |
| Advances received on contracts in progress | 46 | €0 | €630 | +€630 | |
| Taxes, remuneration and social security | 45 | €8,703 | €0 | -€8,703 | -100% |
| Taxes | 450/3 | €8,703 | €0 | -€8,703 | -100% |
| Other amounts payable | 47/48 | €12,149 | €162,382 | +€150,233 | +1,237% |
| Accrued charges and deferred income | 492/3 | €306 | €943 | +€637 | +208% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,447 | €58,738 | +€2,291 | +4.1% |
| Other operating charges | 640/8 | €1,218 | €55,759 | +€54,541 | +4,478% |
| Gross operating margin | 9900 | -€48,902 | -€84,465 | -€35,563 | -72.7% |
| Operating profit (loss) | 9901 | -€106,568 | -€198,962 | -€92,395 | -86.7% |
| Financial income | 75/76B | €28,723 | €24,049 | -€4,674 | -16.3% |
| Recurring financial income | 75 | €28,723 | €24,049 | -€4,674 | -16.3% |
| Financial charges | 65/66B | €509 | €1,213 | +€703 | +138% |
| Recurring financial charges | 65 | €509 | €1,213 | +€703 | +138% |
| Profit (loss) for the period before taxes | 9903 | -€78,354 | -€176,126 | -€97,772 | -125% |
| Transfer from deferred taxes | 780 | €177,411 | €11,507 | -€165,904 | -93.5% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €162,169 | €0 | -€162,169 | -100% |
| Profit (loss) for the period | 9904 | -€63,112 | -€164,618 | -€101,507 | -161% |
| Transfer from tax-exempt reserves | 789 | €532,234 | €34,522 | -€497,712 | -93.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €469,123 | -€130,096 | -€599,219 |
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.