14Projects: 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.
14Projects
Largest movements
- Receivables within one year +€35,088
up €35,088 (+108.6%), from €32,301 to €67,389
of which Trade receivables: +€21,190
- Cash +€8,755
up €8,755 (+31.6%), from €27,706 to €36,461
mainly Trade debts (+€20,115) and Other debts (+€12,889)
- Tangible fixed assets -€5,475
down €5,475 (-94.1%), from €5,820 to €345
- Trade debts +€20,115
up €20,115 (+50.0%), from €40,236 to €60,351
- Other debts +€12,889
up €12,889 (+108.4%), from €11,888 to €24,777
- Profit (loss) carried forward +€9,262
up €9,262 (+238.5%), from €3,883 to €13,145
- Tax, wage and social debts -€3,898
no longer reported in 2025 (was €3,898)
- Turnover +€16,901
up €16,901 (+36.8%), from €45,892 to €62,793
- Gross operating margin +€13,513
up €13,513 (+128.9%), from €10,487 to €23,999
- Other operating charges +€5,035
up €5,035 (+133.4%), from €3,774 to €8,810
- Purchases and services +€4,388
up €4,388 (+12.8%), from €34,405 to €38,793
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 | €65,827 | €104,194 | +€38,368 | +58.3% |
| Fixed assets | 21/28 | €5,820 | €345 | -€5,475 | -94.1% |
| Tangible fixed assets | 22/27 | €5,820 | €345 | -€5,475 | -94.1% |
| Furniture and vehicles | 24 | €5,820 | €345 | -€5,475 | -94.1% |
| Current assets | 29/58 | €60,006 | €103,849 | +€43,843 | +73.1% |
| Amounts receivable within one year | 40/41 | €32,301 | €67,389 | +€35,088 | +108.6% |
| Trade receivables | 40 | €32,301 | €53,491 | +€21,190 | +65.6% |
| Other amounts receivable | 41 | - | €13,898 | +€13,898 | |
| Cash at bank and in hand | 54/58 | €27,706 | €36,461 | +€8,755 | +31.6% |
| Total equity and liabilities | 10/49 | €65,827 | €104,194 | +€38,368 | +58.3% |
| Equity | 10/15 | €9,805 | €19,067 | +€9,262 | +94.5% |
| Reserves | 13 | €5,922 | €5,922 | = | 0.0% |
| Distributable reserves | 133 | €5,922 | €5,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,883 | €13,145 | +€9,262 | +238.5% |
| Amounts payable | 17/49 | €56,021 | €85,128 | +€29,106 | +52.0% |
| Amounts payable within one year | 42/48 | €56,021 | €85,128 | +€29,106 | +52.0% |
| Trade debts | 44 | €40,236 | €60,351 | +€20,115 | +50.0% |
| Suppliers | 440/4 | €40,236 | €60,351 | +€20,115 | +50.0% |
| Taxes, remuneration and social security | 45 | €3,898 | - | -€3,898 | |
| Taxes | 450/3 | €3,898 | - | -€3,898 | |
| Other amounts payable | 47/48 | €11,888 | €24,777 | +€12,889 | +108.4% |
| Turnover | 70 | €45,892 | €62,793 | +€16,901 | +36.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,405 | €38,793 | +€4,388 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,475 | €5,475 | = | 0.0% |
| Other operating charges | 640/8 | €3,774 | €8,810 | +€5,035 | +133.4% |
| Gross operating margin | 9900 | €10,487 | €23,999 | +€13,513 | +128.9% |
| Operating profit (loss) | 9901 | €1,237 | €9,715 | +€8,477 | +685.2% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €1,237 | €9,715 | +€8,477 | +685.2% |
| Income taxes | 67/77 | - | €453 | +€453 | |
| Profit (loss) for the period | 9904 | €1,237 | €9,262 | +€8,024 | +648.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,237 | €9,262 | +€8,024 | +648.6% |
Source: filed annual accounts (NBB), financial years ended 28 June 2024 and 28 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.