Bunding 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.
Bunding Projects
Largest movements
- Cash -€10,153
down €10,153 (-3.3%), from €310,544 to €300,391
mainly Net result for the year (-€8,752) and Trade debts (-€1,600)
- Profit (loss) carried forward -€8,752
down €8,752 (-558%), from -€1,568 to -€10,320
- Gross operating margin -€8,968
down €8,968 (-169%), from -€5,306 to -€14,274
- Depreciation -€4,623
down €4,623 (-100%), from €4,623 to €0
- Financial income -€1,671
down €1,671 (-20.7%), from €8,061 to €6,390
- Taxes -€528
down €528 (-71.5%), from €738 to €210
- Other operating charges -€184
down €184 (-23.7%), from €775 to €592
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 | €314,949 | €304,597 | -€10,353 | -3.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €314,949 | €304,597 | -€10,353 | -3.3% |
| Stocks and contracts in progress | 3 | €1,347 | €1,347 | = | 0.0% |
| Stocks | 30/36 | €1,347 | €1,347 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,387 | €2,005 | -€382 | -16.0% |
| Trade receivables | 40 | - | €100 | +€100 | |
| Other amounts receivable | 41 | €2,387 | €1,905 | -€481 | -20.2% |
| Cash at bank and in hand | 54/58 | €310,544 | €300,391 | -€10,153 | -3.3% |
| Deferred charges and accrued income | 490/1 | €672 | €854 | +€182 | +27.1% |
| Total equity and liabilities | 10/49 | €314,949 | €304,597 | -€10,353 | -3.3% |
| Equity | 10/15 | €313,349 | €304,597 | -€8,752 | -2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €308,717 | €308,717 | = | 0.0% |
| Distributable reserves | 133 | €308,717 | €308,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,568 | -€10,320 | -€8,752 | -558% |
| Amounts payable | 17/49 | €1,600 | €0 | -€1,600 | -100% |
| Amounts payable within one year | 42/48 | €1,600 | €0 | -€1,600 | -100% |
| Trade debts | 44 | €1,600 | €0 | -€1,600 | -100% |
| Suppliers | 440/4 | €1,600 | €0 | -€1,600 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,623 | €0 | -€4,623 | -100% |
| Other operating charges | 640/8 | €775 | €592 | -€184 | -23.7% |
| Gross operating margin | 9900 | -€5,306 | -€14,274 | -€8,968 | -169% |
| Operating profit (loss) | 9901 | -€10,704 | -€14,866 | -€4,161 | -38.9% |
| Financial income | 75/76B | €8,061 | €6,390 | -€1,671 | -20.7% |
| Recurring financial income | 75 | €8,061 | €6,390 | -€1,671 | -20.7% |
| Financial charges | 65/66B | €46 | €66 | +€21 | +45.0% |
| Recurring financial charges | 65 | €46 | €66 | +€21 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,689 | -€8,542 | -€5,853 | -218% |
| Income taxes | 67/77 | €738 | €210 | -€528 | -71.5% |
| Profit (loss) for the period | 9904 | -€3,428 | -€8,752 | -€5,325 | -155% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,428 | -€8,752 | -€5,325 | -155% |
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 18 October 2026 via checked.be.