BYS 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.
BYS Projects
Largest movements
- Intangible fixed assets -€56,121
down €56,121 (-12.0%), from €469,584 to €413,463
- Tangible fixed assets -€37,323
down €37,323 (-11.4%), from €328,720 to €291,397
- Receivables within one year +€12,987
up €12,987 (+52.0%), from €24,963 to €37,950
of which Trade receivables: +€13,831
- Cash +€10,295
up €10,295 (+14.3%), from €72,175 to €82,470
mainly Depreciation (+€110,859) and Other debts (+€64,968)
- Debts after one year -€110,293
down €110,293 (-20.6%), from €534,905 to €424,612
- Other debts +€64,968
up €64,968 (+84.9%), from €76,500 to €141,468
- Profit (loss) carried forward -€32,823
down €32,823, from €29,389 to -€3,435
- Tax, wage and social debts +€13,433
up €13,433 (+22.1%), from €60,915 to €74,348
of which Remuneration and social security: +€11,238
- Trade debts -€9,674
down €9,674 (-10.7%), from €90,634 to €80,960
- Gross operating margin +€39,138
up €39,138 (+5.1%), from €771,353 to €810,491
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 | €923,329 | €852,473 | -€70,856 | -7.7% |
| Fixed assets | 21/28 | €798,304 | €704,860 | -€93,444 | -11.7% |
| Intangible fixed assets | 21 | €469,584 | €413,463 | -€56,121 | -12.0% |
| Tangible fixed assets | 22/27 | €328,720 | €291,397 | -€37,323 | -11.4% |
| Land and buildings | 22 | €24,296 | €23,629 | -€667 | -2.7% |
| Plant, machinery and equipment | 23 | €111,771 | €109,342 | -€2,429 | -2.2% |
| Furniture and vehicles | 24 | €17,171 | €11,411 | -€5,760 | -33.5% |
| Leasing and similar rights | 25 | €42,612 | €31,914 | -€10,699 | -25.1% |
| Other tangible fixed assets | 26 | €132,870 | €115,101 | -€17,769 | -13.4% |
| Current assets | 29/58 | €125,025 | €147,613 | +€22,588 | +18.1% |
| Stocks and contracts in progress | 3 | €15,230 | €12,994 | -€2,235 | -14.7% |
| Stocks | 30/36 | €15,230 | €12,994 | -€2,235 | -14.7% |
| Amounts receivable within one year | 40/41 | €24,963 | €37,950 | +€12,987 | +52.0% |
| Trade receivables | 40 | €12,623 | €26,453 | +€13,831 | +109.6% |
| Other amounts receivable | 41 | €12,340 | €11,497 | -€843 | -6.8% |
| Cash at bank and in hand | 54/58 | €72,175 | €82,470 | +€10,295 | +14.3% |
| Deferred charges and accrued income | 490/1 | €12,657 | €14,198 | +€1,541 | +12.2% |
| Total equity and liabilities | 10/49 | €923,329 | €852,473 | -€70,856 | -7.7% |
| Equity | 10/15 | €49,389 | €16,565 | -€32,823 | -66.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,389 | -€3,435 | -€32,823 | |
| Amounts payable | 17/49 | €873,940 | €835,908 | -€38,033 | -4.4% |
| Amounts payable after more than one year | 17 | €534,905 | €424,612 | -€110,293 | -20.6% |
| Financial debts | 170/4 | €534,905 | €424,612 | -€110,293 | -20.6% |
| Amounts payable within one year | 42/48 | €337,989 | €409,503 | +€71,514 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €109,939 | €112,727 | +€2,788 | +2.5% |
| Trade debts | 44 | €90,634 | €80,960 | -€9,674 | -10.7% |
| Suppliers | 440/4 | €90,634 | €80,960 | -€9,674 | -10.7% |
| Taxes, remuneration and social security | 45 | €60,915 | €74,348 | +€13,433 | +22.1% |
| Taxes | 450/3 | €1,743 | €3,938 | +€2,195 | +125.9% |
| Remuneration and social security | 454/9 | €59,172 | €70,411 | +€11,238 | +19.0% |
| Other amounts payable | 47/48 | €76,500 | €141,468 | +€64,968 | +84.9% |
| Accrued charges and deferred income | 492/3 | €1,046 | €1,793 | +€746 | +71.3% |
| Remuneration, social security and pensions | 62 | €642,449 | €646,464 | +€4,015 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,414 | €110,859 | -€1,555 | -1.4% |
| Other operating charges | 640/8 | €5,413 | €4,234 | -€1,179 | -21.8% |
| Non-recurring operating charges | 66A | €4,809 | €0 | -€4,809 | -100.0% |
| Gross operating margin | 9900 | €771,353 | €810,491 | +€39,138 | +5.1% |
| Operating profit (loss) | 9901 | €6,267 | €48,934 | +€42,666 | +680.8% |
| Financial income | 75/76B | €0 | €98 | +€98 | |
| Recurring financial income | 75 | €0 | €98 | +€98 | |
| Financial charges | 65/66B | €30,828 | €25,854 | -€4,974 | -16.1% |
| Recurring financial charges | 65 | €30,828 | €25,854 | -€4,974 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,560 | €23,178 | +€47,738 | |
| Income taxes | 67/77 | €379 | €2,001 | +€1,623 | +428.6% |
| Profit (loss) for the period | 9904 | -€24,939 | €21,177 | +€46,116 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,939 | €21,177 | +€46,116 |
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 12 October 2026 via checked.be.