BUSINESS & PROJECT SERVICES: 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.
BUSINESS & PROJECT SERVICES
Largest movements
- Current investments -€145,000
down €145,000 (-7.1%), from €2.0m to €1.9m
- Receivables within one year -€76,023
down €76,023 (-71.9%), from €105,768 to €29,745
of which Trade receivables: -€92,565
- Cash +€44,353
up €44,353 (+95.8%), from €46,287 to €90,641
mainly Other debts (+€813,645) and Current investments (+€145,000)
- Tangible fixed assets -€36,405
down €36,405 (-38.7%), from €94,117 to €57,712
of which Furniture and vehicles: -€34,552
- Deferred charges and accrued income +€26,221
new in 2025: €26,221
- Reserves -€927,657
down €927,657 (-49.7%), from €1.9m to €938,156
- Other debts +€813,645
up €813,645 (+277%), from €294,098 to €1.1m
- Tax, wage and social debts -€74,404
down €74,404 (-80.3%), from €92,705 to €18,301
of which Taxes: -€74,422
- Financial income -€740,414
down €740,414 (-94.2%), from €786,387 to €45,973
of which Non-recurring financial income: -€783,535
- Taxes -€285,170
down €285,170 (-93.9%), from €303,713 to €18,543
- Gross operating margin -€158,886
down €158,886 (-73.6%), from €215,826 to €56,940
- Depreciation +€3,315
up €3,315 (+10.0%), from €33,090 to €36,405
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 | €2,291,172 | €2,104,319 | -€186,853 | -8.2% |
| Fixed assets | 21/28 | €94,117 | €57,712 | -€36,405 | -38.7% |
| Tangible fixed assets | 22/27 | €94,117 | €57,712 | -€36,405 | -38.7% |
| Plant, machinery and equipment | 23 | €7,018 | €5,165 | -€1,853 | -26.4% |
| Furniture and vehicles | 24 | €87,099 | €52,547 | -€34,552 | -39.7% |
| Current assets | 29/58 | €2,197,055 | €2,046,607 | -€150,449 | -6.8% |
| Amounts receivable within one year | 40/41 | €105,768 | €29,745 | -€76,023 | -71.9% |
| Trade receivables | 40 | €92,565 | - | -€92,565 | |
| Other amounts receivable | 41 | €13,203 | €29,745 | +€16,542 | +125% |
| Current investments | 50/53 | €2,045,000 | €1,900,000 | -€145,000 | -7.1% |
| Cash at bank and in hand | 54/58 | €46,287 | €90,641 | +€44,353 | +95.8% |
| Deferred charges and accrued income | 490/1 | - | €26,221 | +€26,221 | |
| Total equity and liabilities | 10/49 | €2,291,172 | €2,104,319 | -€186,853 | -8.2% |
| Equity | 10/15 | €1,900,506 | €972,849 | -€927,657 | -48.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,865,813 | €938,156 | -€927,657 | -49.7% |
| Distributable reserves | 133 | €1,865,813 | €938,156 | -€927,657 | -49.7% |
| Profit (loss) carried forward | 14 | €22,293 | €22,293 | = | 0.0% |
| Amounts payable | 17/49 | €390,666 | €1,131,470 | +€740,804 | +190% |
| Amounts payable within one year | 42/48 | €389,666 | €1,130,350 | +€740,684 | +190% |
| Trade debts | 44 | €2,863 | €4,307 | +€1,443 | +50.4% |
| Suppliers | 440/4 | €2,863 | €4,307 | +€1,443 | +50.4% |
| Taxes, remuneration and social security | 45 | €92,705 | €18,301 | -€74,404 | -80.3% |
| Taxes | 450/3 | €89,738 | €15,316 | -€74,422 | -82.9% |
| Remuneration and social security | 454/9 | €2,967 | €2,985 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €294,098 | €1,107,742 | +€813,645 | +277% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,120 | +€120 | +12.0% |
| Non-recurring operating income | 76A | €21,002 | - | -€21,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,090 | €36,405 | +€3,315 | +10.0% |
| Other operating charges | 640/8 | €2,609 | €2,367 | -€242 | -9.3% |
| Non-recurring operating charges | 66A | €2,034 | - | -€2,034 | |
| Gross operating margin | 9900 | €215,826 | €56,940 | -€158,886 | -73.6% |
| Operating profit (loss) | 9901 | €178,093 | €18,168 | -€159,925 | -89.8% |
| Financial income | 75/76B | €786,387 | €45,973 | -€740,414 | -94.2% |
| Recurring financial income | 75 | €2,852 | €45,973 | +€43,121 | +1,512% |
| Non-recurring financial income | 76B | €783,535 | - | -€783,535 | |
| Financial charges | 65/66B | €162 | €451 | +€290 | +179% |
| Recurring financial charges | 65 | €162 | €451 | +€290 | +179% |
| Profit (loss) for the period before taxes | 9903 | €964,319 | €63,690 | -€900,629 | -93.4% |
| Income taxes | 67/77 | €303,713 | €18,543 | -€285,170 | -93.9% |
| Profit (loss) for the period | 9904 | €660,606 | €45,147 | -€615,459 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €660,606 | €45,147 | -€615,459 | -93.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.