BUSINESS PROJECTS SUPPORT OPERATIONS: 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 PROJECTS SUPPORT OPERATIONS
Largest movements
- Receivables within one year -€38,194
down €38,194 (-39.4%), from €96,897 to €58,703
of which Trade receivables: -€29,118
- Tangible fixed assets -€13,964
down €13,964 (-35.6%), from €39,191 to €25,228
of which Plant, machinery and equipment: -€11,786
- Cash -€7,792
down €7,792 (-12.0%), from €65,112 to €57,320
mainly Net result for the year (-€27,141) and Trade debts (-€26,741)
- Intangible fixed assets -€4,349
down €4,349 (-50.0%), from €8,698 to €4,349
- Profit (loss) carried forward -€27,141
down €27,141, from €1,673 to -€25,468
- Trade debts -€26,741
down €26,741 (-37.2%), from €71,877 to €45,136
- Debts after one year -€9,800
down €9,800 (-62.6%), from €15,665 to €5,865
- Other operating charges +€1,310
up €1,310 (+397%), from €330 to €1,639
- Gross operating margin -€1,058
down €1,058 (-19.7%), from -€5,376 to -€6,434
- Financial charges -€358
down €358 (-24.8%), from €1,448 to €1,089
- Financial income +€75
up €75 (+29.1%), from €259 to €334
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 | €210,079 | €146,707 | -€63,372 | -30.2% |
| Fixed assets | 21/28 | €48,069 | €29,757 | -€18,313 | -38.1% |
| Intangible fixed assets | 21 | €8,698 | €4,349 | -€4,349 | -50.0% |
| Tangible fixed assets | 22/27 | €39,191 | €25,228 | -€13,964 | -35.6% |
| Plant, machinery and equipment | 23 | €35,989 | €24,203 | -€11,786 | -32.7% |
| Furniture and vehicles | 24 | €1,566 | €1,024 | -€542 | -34.6% |
| Other tangible fixed assets | 26 | €1,636 | €0 | -€1,636 | -100% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €162,010 | €116,951 | -€45,059 | -27.8% |
| Amounts receivable within one year | 40/41 | €96,897 | €58,703 | -€38,194 | -39.4% |
| Trade receivables | 40 | €87,276 | €58,158 | -€29,118 | -33.4% |
| Other amounts receivable | 41 | €9,621 | €545 | -€9,076 | -94.3% |
| Cash at bank and in hand | 54/58 | €65,112 | €57,320 | -€7,792 | -12.0% |
| Deferred charges and accrued income | 490/1 | - | €927 | +€927 | |
| Total equity and liabilities | 10/49 | €210,079 | €146,707 | -€63,372 | -30.2% |
| Equity | 10/15 | €113,048 | €85,907 | -€27,141 | -24.0% |
| Contributions | 10/11 | €101,250 | €101,250 | = | 0.0% |
| Contributions outside capital | 11 | - | €101,250 | +€101,250 | |
| Other | 1109/19 | - | €101,250 | +€101,250 | |
| Reserves | 13 | €10,125 | €10,125 | = | 0.0% |
| Distributable reserves | 133 | €10,125 | €10,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,673 | -€25,468 | -€27,141 | |
| Amounts payable | 17/49 | €97,031 | €60,801 | -€36,231 | -37.3% |
| Amounts payable after more than one year | 17 | €15,665 | €5,865 | -€9,800 | -62.6% |
| Financial debts | 170/4 | €15,665 | €5,865 | -€9,800 | -62.6% |
| Amounts payable within one year | 42/48 | €81,366 | €54,936 | -€26,430 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €9,489 | €9,800 | +€311 | +3.3% |
| Trade debts | 44 | €71,877 | €45,136 | -€26,741 | -37.2% |
| Suppliers | 440/4 | €71,877 | €45,136 | -€26,741 | -37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,263 | €18,313 | +€49 | +0.3% |
| Other operating charges | 640/8 | €330 | €1,639 | +€1,310 | +397% |
| Gross operating margin | 9900 | -€5,376 | -€6,434 | -€1,058 | -19.7% |
| Operating profit (loss) | 9901 | -€23,969 | -€26,386 | -€2,417 | -10.1% |
| Financial income | 75/76B | €259 | €334 | +€75 | +29.1% |
| Recurring financial income | 75 | €259 | €334 | +€75 | +29.1% |
| Financial charges | 65/66B | €1,448 | €1,089 | -€358 | -24.8% |
| Recurring financial charges | 65 | €1,448 | €1,089 | -€358 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,157 | -€27,141 | -€1,984 | -7.9% |
| Income taxes | 67/77 | €55 | €0 | -€55 | -100% |
| Profit (loss) for the period | 9904 | -€25,213 | -€27,141 | -€1,928 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,213 | -€27,141 | -€1,928 | -7.6% |
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 20 October 2026 via checked.be.