BxR Projects: 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.
BxR Projects
Largest movements
- Stocks and contracts +€239,358
up €239,358 (+28.8%), from €830,407 to €1.1m
- Cash -€109,134
down €109,134 (-93.7%), from €116,496 to €7,362
mainly Stocks and contracts (-€239,358) and Net result for the year (-€49,585)
- Receivables within one year -€70,965
down €70,965 (-24.2%), from €292,752 to €221,787
of which Other amounts receivable: -€48,465
- Current portion of long-term debt +€178,900
up €178,900 (+29.8%), from €600,100 to €779,000
- Reserves -€49,585
down €49,585 (-89.3%), from €55,552 to €5,967
- Debts after one year -€39,733
down €39,733 (-8.0%), from €495,808 to €456,075
of which Financial debts: -€39,733
- Trade debts -€28,634
down €28,634 (-77.2%), from €37,098 to €8,464
- Gross operating margin -€107,358
down €107,358 (-79.6%), from €134,910 to €27,551
- Taxes -€17,474
down €17,474 (-100.0%), from €17,474 to €0
- Financial charges +€15,112
up €15,112 (+25.7%), from €58,719 to €73,831
- Other operating charges -€3,063
down €3,063 (-48.1%), from €6,368 to €3,305
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,239,656 | €1,298,915 | +€59,259 | +4.8% |
| Current assets | 29/58 | €1,239,656 | €1,298,915 | +€59,259 | +4.8% |
| Stocks and contracts in progress | 3 | €830,407 | €1,069,766 | +€239,358 | +28.8% |
| Stocks | 30/36 | €830,407 | €1,069,766 | +€239,358 | +28.8% |
| Amounts receivable within one year | 40/41 | €292,752 | €221,787 | -€70,965 | -24.2% |
| Trade receivables | 40 | €22,500 | €0 | -€22,500 | -100.0% |
| Other amounts receivable | 41 | €270,252 | €221,787 | -€48,465 | -17.9% |
| Cash at bank and in hand | 54/58 | €116,496 | €7,362 | -€109,134 | -93.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,239,656 | €1,298,915 | +€59,259 | +4.8% |
| Equity | 10/15 | €75,552 | €25,967 | -€49,585 | -65.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €55,552 | €5,967 | -€49,585 | -89.3% |
| Distributable reserves | 133 | €55,552 | €5,967 | -€49,585 | -89.3% |
| Amounts payable | 17/49 | €1,164,104 | €1,272,948 | +€108,844 | +9.3% |
| Amounts payable after more than one year | 17 | €495,808 | €456,075 | -€39,733 | -8.0% |
| Financial debts | 170/4 | €365,808 | €326,075 | -€39,733 | -10.9% |
| Other amounts payable | 178/9 | €130,000 | €130,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €654,672 | €804,938 | +€150,266 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €600,100 | €779,000 | +€178,900 | +29.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €37,098 | €8,464 | -€28,634 | -77.2% |
| Suppliers | 440/4 | €37,098 | €8,464 | -€28,634 | -77.2% |
| Taxes, remuneration and social security | 45 | €17,474 | €17,474 | = | 0.0% |
| Taxes | 450/3 | €17,474 | €17,474 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13,624 | €11,935 | -€1,690 | -12.4% |
| Other operating charges | 640/8 | €6,368 | €3,305 | -€3,063 | -48.1% |
| Gross operating margin | 9900 | €134,910 | €27,551 | -€107,358 | -79.6% |
| Operating profit (loss) | 9901 | €128,542 | €24,247 | -€104,295 | -81.1% |
| Financial income | 75/76B | €76 | €0 | -€75 | -99.9% |
| Recurring financial income | 75 | €76 | €0 | -€75 | -99.9% |
| Financial charges | 65/66B | €58,719 | €73,831 | +€15,112 | +25.7% |
| Recurring financial charges | 65 | €58,719 | €73,831 | +€15,112 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €69,898 | -€49,585 | -€119,482 | |
| Income taxes | 67/77 | €17,474 | €0 | -€17,474 | -100.0% |
| Profit (loss) for the period | 9904 | €52,423 | -€49,585 | -€102,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,423 | -€49,585 | -€102,008 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.