PROJECT² DEVELOPMENT FUND
InactiveFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 20-09-2024 PDF all 12 filings
Equity
-€184,662▼ 7.6%
2023 · -€171,544
Total assets
€39▼ 97.7%
2023 · €1,665
Net result
-€13,118▲ 28.9%
2023 · -€18,456
Working capital
-€184,662▼ 12.7%
2023 · -€163,787
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is a loss of €8,877, smaller than the loss of €9,132 in 2023.
Operating result-€0.009m
2024
Net result-€0.01m
2024
Total assets€39
2024
Equity-€0.2m
2024
Debt€0.2m
2024
Working capital-€0.2m
2024
Staff (FTE)0
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€0.02m--€0.006m▲ 63.4%-€0.004m▲ 34.7%-€0.008m▼ 91.1%-€0.008m▼ 10.2%-€0.009m▼ 8.8%-€0.009m▲ 2.8%
Net result-€0.001m--€0.2m▼ 12,771%-€0.006m▲ 95.9%-€0.01m▼ 62.0%-€0.01m▼ 7.5%-€0.02m▼ 71.3%-€0.01m▲ 28.9%
Equity€0.03m--€0.1m-€0.1m▼ 4.9%-€0.1m▼ 7.6%-€0.2m▼ 7.6%-€0.2m▼ 12.1%-€0.2m▼ 7.6%
Total assets€1.7m-€0.6m▼ 67.0%€0.003m▼ 99.4%€344▼ 89.4%€2▼ 99.4%€0.002m▲ 789×€39▼ 97.7%
Debt€1.7m-€0.7m▼ 59.1%€0.1m▼ 80.5%€0.1m▲ 5.2%€0.2m▲ 7.3%€0.2m▲ 13.1%€0.2m▲ 6.6%
Working capital-€0.7m--€0.1m▲ 84.6%-€0.1m▼ 24.1%-€0.1m▼ 6.3%-€0.2m▼ 7.6%-€0.2m▼ 8.5%-€0.2m▼ 12.7%
Staff (FTE)000
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Key figures and ratios
Debt ≤ 1 year
€184,701▲
2023 · €165,452
The ratios are withheld because a balance sheet total of €39 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €857 | €694 | €1,234 | €494 | ▼ 60.0% |
| Gross operating margin9900 | -€15,768 | -€5,573 | -€2,679 | -€6,762 | -€7,702 | -€7,898 | -€8,383 | ▼ 6.1% |
| Operating profit (loss)9901 | -€16,685 | -€6,107 | -€3,987 | -€7,619 | -€8,395 | -€9,132 | -€8,877 | ▲ 2.8% |
| Financial income75/76B | - | - | - | €0 | - | - | - | - |
| Recurring financial income75 | €45,802 | €3,568 | €0 | €0 | - | - | - | - |
| Non-recurring financial income76B | - | - | - | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €2,405 | €2,382 | €9,324 | €4,241 | ▼ 54.5% |
| Recurring financial charges65 | €30,302 | €68,653 | €2,203 | €2,405 | €2,382 | €9,324 | €4,241 | ▼ 54.5% |
| Non-recurring financial charges66B | - | - | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1,185 | -€152,510 | -€6,189 | -€10,024 | -€10,777 | -€18,456 | -€13,118 | ▲ 28.9% |
| Profit (loss) for the period9904 | -€1,185 | -€152,510 | -€6,189 | -€10,024 | -€10,777 | -€18,456 | -€13,118 | ▲ 28.9% |
| Profit (loss) for the period to be appropriated9905 | -€1,185 | -€152,510 | -€6,189 | -€10,024 | -€10,777 | -€18,456 | -€13,118 | ▲ 28.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.7m | €0.6m | €0.003m | €344 | €2 | €0.002m | €39 | ▼ 97.7% |
| Fixed assets21/28 | €0.8m | €0 | - | - | - | - | - | - |
| Financial fixed assets28 | €0.8m | €0 | - | - | - | - | - | - |
| Current assets29/58 | €1.0m | €0.6m | €0.003m | €344 | €2 | €0.002m | €39 | ▼ 97.7% |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €1 | €1 | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €1 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0.003m | €0.02m | €0.003m | €343 | €2 | €0.002m | €39 | ▼ 97.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.7m | €0.6m | €0.003m | €344 | €2 | €0.002m | €39 | ▼ 97.7% |
| Equity10/15 | €0.03m | -€0.1m | -€0.1m | -€0.1m | -€0.2m | -€0.2m | -€0.2m | ▼ 7.6% |
| Contributions10/11 | €0.6m | €0.6m | - | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | -€0.6m | -€0.8m | -€0.8m | -€0.8m | -€0.8m | -€0.8m | -€0.8m | ▼ 1.6% |
| Amounts payable17/49 | €1.7m | €0.7m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 6.6% |
| Amounts payable within one year42/48 | €1.6m | €0.7m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 11.6% |
| Trade debts44 | €0.005m | €0.005m | €0.004m | €0.004m | €0.01m | €0.007m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €0.004m | €0.01m | €0.007m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 16.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0.008m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,185 | -€152,510 | -€6,189 | -€10,024 | -€10,777 | -€18,456 | -€13,118 | ▲ 28.9% |
| Operating cash flow (approximation) | -€1,185 | -€152,510 | -€6,189 | -€10,024 | -€10,777 | -€18,456 | -€13,118 | ▲ 28.9% |
| Investment in fixed assets (approximation) | - | €779,318 | - | - | - | - | - | - |
| Change in cash | - | €21,462 | -€20,998 | -€2,908 | -€341 | €1,663 | -€1,626 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 19-07-2024 | abbreviated format | 20-09-2024 | 2024-00468699 | |
| 31-12-2023 | abbreviated format | 25-07-2024 | 2024-00290449 | |
| 31-12-2022 | abbreviated format | 18-12-2023 | 2023-00531504 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20259446 | |
| 31-12-2020 | abbreviated format | 19-07-2021 | 2021-37000033 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-48100088 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-41700034 | |
| 31-12-2000 | abbreviated format | 04-01-2002 | 2002-00302235 | |
| 31-12-1999 | abbreviated format | 15-11-2000 | 2000-71501210 | |
| 31-12-1998 | abbreviated format | 09-11-1999 | 1999-58004247 |