BUILDING PROJECT PARTNER: 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.
What changed
BUILDING PROJECT PARTNER
NACE 41.003, General construction of other non-residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€172,654
2024 · -€318,345+€145,691
Equity
-€837,952
2024 · -€665,298-€172,654
Cash
€3,052
2024 · €1,365+€1,687
Balance sheet total
€3.3m
2024 · €3.4m-€74,947
Largest movements
Assets
- Tangible fixed assets -€62,149
down €62,149 (-11.3%), from €548,582 to €486,433
of which Land and buildings: -€118,788
- Deferred charges and accrued income +€35,684
up €35,684 (+10.3%), from €347,615 to €383,299
Equity and liabilities
- Current portion of long-term debt -€222,000
no longer reported in 2025 (was €222,000)
- Other debts +€203,817
up €203,817 (+33.7%), from €604,957 to €808,774
- Profit (loss) carried forward -€172,654
down €172,654 (-8.9%), from -€1.9m to -€2.1m
- Short-term financial debts +€169,038
up €169,038 (+5.8%), from €2.9m to €3.1m
Income statement
- Financial charges -€49,571
down €49,571 (-21.1%), from €235,020 to €185,449
- Financial income +€35,754
new in 2025: €35,754
- Gross operating margin +€32,195
up €32,195 (+27.6%), from €116,590 to €148,785
- Depreciation -€29,402
down €29,402 (-17.1%), from €172,052 to €142,650
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.
Result 2024
-€318,345
Gross operating margin
+€32,195
Depreciation
+€29,402
Other operating charges
-€1,231
Financial income
+€35,754
Financial charges
+€49,571
Result 2025
-€172,654
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.
From operations
+€135,150
Investment
-€80,501
Financing
-€52,962
Cash 2024
€1,365
From operations (derived)
+€135,150
Net result for the year
-€172,654
Depreciation
+€142,650
Receivables after one year
+€20,170
Receivables within one year
+€29,999
Deferred charges and accrued income
-€35,684
Trade debts
-€32,768
Tax, wage and social debts
+€12,954
Other debts
+€203,817
Accrued charges and deferred income
-€33,334
Investment (derived)
-€80,501
Investment in fixed assets (net)
-€80,501
Financing
-€52,962
Current portion of long-term debt
-€222,000
Short-term financial debts
+€169,038
Cash 2025
€3,052
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,404,153 | €3,329,206 | -€74,947 | -2.2% |
| Fixed assets | 21/28 | €1,389,601 | €1,327,452 | -€62,149 | -4.5% |
| Tangible fixed assets | 22/27 | €548,582 | €486,433 | -€62,149 | -11.3% |
| Land and buildings | 22 | €544,183 | €425,395 | -€118,788 | -21.8% |
| Plant, machinery and equipment | 23 | - | €58,762 | +€58,762 | |
| Furniture and vehicles | 24 | €4,399 | €2,276 | -€2,123 | -48.3% |
| Financial fixed assets | 28 | €841,019 | €841,019 | = | 0.0% |
| Current assets | 29/58 | €2,014,552 | €2,001,754 | -€12,798 | -0.6% |
| Amounts receivable after more than one year | 29 | €1,420,170 | €1,400,000 | -€20,170 | -1.4% |
| Other amounts receivable | 291 | €1,420,170 | €1,400,000 | -€20,170 | -1.4% |
| Amounts receivable within one year | 40/41 | €245,402 | €215,403 | -€29,999 | -12.2% |
| Trade receivables | 40 | €244,070 | €215,085 | -€28,985 | -11.9% |
| Other amounts receivable | 41 | €1,332 | €318 | -€1,014 | -76.1% |
| Cash at bank and in hand | 54/58 | €1,365 | €3,052 | +€1,687 | +123.6% |
| Deferred charges and accrued income | 490/1 | €347,615 | €383,299 | +€35,684 | +10.3% |
| Total equity and liabilities | 10/49 | €3,404,153 | €3,329,206 | -€74,947 | -2.2% |
| Equity | 10/15 | -€665,298 | -€837,952 | -€172,654 | -26.0% |
| Contributions | 10/11 | €240,774 | €240,774 | = | 0.0% |
| Capital | 10 | €240,774 | €240,774 | = | 0.0% |
| Issued capital | 100 | €240,774 | €240,774 | = | 0.0% |
| Revaluation surpluses | 12 | €774,088 | €774,088 | = | 0.0% |
| Reserves | 13 | €260,253 | €260,253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €260,253 | €260,253 | = | 0.0% |
| Other | 1319 | €260,253 | €260,253 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,940,413 | -€2,113,067 | -€172,654 | -8.9% |
| Amounts payable | 17/49 | €4,069,451 | €4,167,158 | +€97,707 | +2.4% |
| Amounts payable within one year | 42/48 | €3,929,551 | €4,060,592 | +€131,041 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €222,000 | - | -€222,000 | |
| Financial debts | 43 | €2,939,461 | €3,108,499 | +€169,038 | +5.8% |
| Credit institutions | 430/8 | €2,939,461 | €3,108,499 | +€169,038 | +5.8% |
| Trade debts | 44 | €63,133 | €30,365 | -€32,768 | -51.9% |
| Suppliers | 440/4 | €63,133 | €30,365 | -€32,768 | -51.9% |
| Advances received on contracts in progress | 46 | €100,000 | €100,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €12,954 | +€12,954 | |
| Taxes | 450/3 | - | €12,954 | +€12,954 | |
| Other amounts payable | 47/48 | €604,957 | €808,774 | +€203,817 | +33.7% |
| Accrued charges and deferred income | 492/3 | €139,900 | €106,566 | -€33,334 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,052 | €142,650 | -€29,402 | -17.1% |
| Other operating charges | 640/8 | €27,863 | €29,094 | +€1,231 | +4.4% |
| Gross operating margin | 9900 | €116,590 | €148,785 | +€32,195 | +27.6% |
| Operating profit (loss) | 9901 | -€83,325 | -€22,959 | +€60,366 | +72.4% |
| Financial income | 75/76B | - | €35,754 | +€35,754 | |
| Recurring financial income | 75 | - | €35,754 | +€35,754 | |
| Financial charges | 65/66B | €235,020 | €185,449 | -€49,571 | -21.1% |
| Recurring financial charges | 65 | €235,020 | €185,449 | -€49,571 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | -€318,345 | -€172,654 | +€145,691 | +45.8% |
| Profit (loss) for the period | 9904 | -€318,345 | -€172,654 | +€145,691 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€318,345 | -€172,654 | +€145,691 | +45.8% |
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 5 October 2026 via checked.be.