Brojects: what changed
Brojects
Largest movements
- Stocks and contracts +€444,454
new in 2025: €444,454
of which Contracts in progress: +€234,454
- Receivables within one year -€413,135
down €413,135 (-96.8%), from €426,991 to €13,856
of which Trade receivables: -€426,991
- Cash +€6,637
up €6,637 (+58,325%), from €11 to €6,649
mainly Receivables within one year (+€413,135) and Trade debts (+€97,714)
- Trade debts +€97,714
up €97,714 (+696%), from €14,030 to €111,744
- Other debts -€74,001
down €74,001 (-75.7%), from €97,777 to €23,776
- Short-term financial debts +€8,056
up €8,056 (+5.8%), from €140,000 to €148,056
- Profit (loss) carried forward +€6,546
up €6,546 (+28.5%), from €22,971 to €29,517
- Gross operating margin -€140,002
down €140,002 (-89.0%), from €157,266 to €17,264
- Taxes -€3,637
down €3,637 (-63.2%), from €5,752 to €2,115
- Financial charges -€3,617
down €3,617 (-31.9%), from €11,325 to €7,709
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,544 | €465,204 | +€37,660 | +8.8% |
| Current assets | 29/58 | €427,544 | €465,204 | +€37,660 | +8.8% |
| Stocks and contracts in progress | 3 | - | €444,454 | +€444,454 | |
| Stocks | 30/36 | - | €210,000 | +€210,000 | |
| Contracts in progress | 37 | - | €234,454 | +€234,454 | |
| Amounts receivable within one year | 40/41 | €426,991 | €13,856 | -€413,135 | -96.8% |
| Trade receivables | 40 | €426,991 | - | -€426,991 | |
| Other amounts receivable | 41 | - | €13,856 | +€13,856 | |
| Cash at bank and in hand | 54/58 | €11 | €6,649 | +€6,637 | +58,325% |
| Deferred charges and accrued income | 490/1 | €542 | €246 | -€296 | -54.6% |
| Total equity and liabilities | 10/49 | €427,544 | €465,204 | +€37,660 | +8.8% |
| Equity | 10/15 | €165,471 | €172,017 | +€6,546 | +4.0% |
| Contributions | 10/11 | €142,500 | €142,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,971 | €29,517 | +€6,546 | +28.5% |
| Amounts payable | 17/49 | €262,073 | €293,187 | +€31,114 | +11.9% |
| Amounts payable within one year | 42/48 | €259,353 | €293,187 | +€33,834 | +13.0% |
| Financial debts | 43 | €140,000 | €148,056 | +€8,056 | +5.8% |
| Credit institutions | 430/8 | €140,000 | €148,056 | +€8,056 | +5.8% |
| Trade debts | 44 | €14,030 | €111,744 | +€97,714 | +696% |
| Suppliers | 440/4 | €14,030 | €111,744 | +€97,714 | +696% |
| Taxes, remuneration and social security | 45 | €7,546 | €9,611 | +€2,065 | +27.4% |
| Taxes | 450/3 | €7,546 | €9,611 | +€2,065 | +27.4% |
| Other amounts payable | 47/48 | €97,777 | €23,776 | -€74,001 | -75.7% |
| Accrued charges and deferred income | 492/3 | €2,719 | - | -€2,719 | |
| Other operating charges | 640/8 | €182 | €1,534 | +€1,351 | +740% |
| Gross operating margin | 9900 | €157,266 | €17,264 | -€140,002 | -89.0% |
| Operating profit (loss) | 9901 | €157,084 | €15,730 | -€141,354 | -90.0% |
| Financial income | 75/76B | €0 | €639 | +€639 | +6,393,200% |
| Recurring financial income | 75 | €0 | €639 | +€639 | +6,393,200% |
| Financial charges | 65/66B | €11,325 | €7,709 | -€3,617 | -31.9% |
| Recurring financial charges | 65 | €11,325 | €7,709 | -€3,617 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €145,759 | €8,661 | -€137,098 | -94.1% |
| Income taxes | 67/77 | €5,752 | €2,115 | -€3,637 | -63.2% |
| Profit (loss) for the period | 9904 | €140,007 | €6,546 | -€133,461 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €140,007 | €6,546 | -€133,461 | -95.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.